Fortinet (FTNT) Leases (2019 - 2025)

Fortinet's Leases history runs 7 years deep, the most recent figure standing at $64.4 million for Q4 2025.

• In Q4 2025, Leases fell 10.8% year-over-year to $64.4 million; the TTM figure through Dec 2025 stood at $64.4 million (down 10.8% YoY), while the FY2025 annual figure was $64.4 million, down 10.8% from the prior year.
• Leases was $64.4 million for Q4 2025 at Fortinet, down from $72.2 million in the prior quarter.
• In the past five years, Leases ranged from a high of $96.3 million in Q4 2022 to a low of $53.9 million in Q1 2021.
• Historically, Leases has averaged $68.9 million across 5 years, with a median of $64.8 million in 2021.
• The sharpest annual moves came in 2022 and 2023: Leases jumped 47.93% in 2022, then fell 21.08% in 2023.
• A 5-year view of Leases shows it stood at $65.1 million in 2021, then surged by 47.93% to $96.3 million in 2022, then dropped by 21.08% to $76.0 million in 2023, then retreated by 5.0% to $72.2 million in 2024, then decreased by 10.8% to $64.4 million in 2025.
• The last three Leases figures came in at $64.4 million (Q4 2025), $72.2 million (Q4 2024), and $76.0 million (Q4 2023), per Business Quant data.