Fortinet (FTNT) Net Cash Flow (2010 - 2026)
Fortinet (FTNT) posted Net Cash Flow of $711.1 million for Q2 2026, up 361.92% on a QoQ basis from -$271.5 million in Q1 2026, and up 411.2% year-over-year from $139.1 million in Q2 2025.
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Analysis
Fortinet (FTNT) Net Cash Flow (2010 - 2026) Analysis & Trends
Fortinet has reported Net Cash Flow for 17 years, with the latest figure at $711.1 million in Q2 2026.
- On a quarterly basis, Net Cash Flow rose 411.2% year-over-year to $711.1 million in Q2 2026; TTM through Jun 2026 was -$431.7 million, a 137.08% decrease from a year earlier, with the FY2025 full-year figure at -$380.0 million, down 125.67% from the prior year.
- Net Cash Flow was $711.1 million for Q2 2026 at Fortinet, up from -$271.5 million in the prior quarter.
- The five-year high for Net Cash Flow was $719.8 million in Q1 2025, with the low at -$1.4 billion in Q3 2025.
- Average Net Cash Flow over 5 years is $90.0 million, with a median of $266.0 million recorded in 2022.
- The largest YoY upside for Net Cash Flow was 1027.74% in 2022 against a maximum downside of 1214.14% in 2022.
- Over 5 years, Net Cash Flow stood at $718.1 million in 2022, then plunged by 210.01% to -$790.0 million in 2023, then soared by 149.23% to $388.9 million in 2024, then climbed by 28.88% to $501.2 million in 2025, then jumped by 41.88% to $711.1 million in 2026.
- The last three Net Cash Flow figures came in at $711.1 million (Q2 2026), -$271.5 million (Q1 2026), and $501.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 154.00 Mn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 462.67 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 711.10 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -375.13 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 7.82 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 140.92 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | -31.77 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 4.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | -796.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 711.10 Mn |
| Mar 31, 2026 | -271.50 Mn |
| Dec 31, 2025 | 501.20 Mn |
| Sep 30, 2025 | -1.37 Bn |
| Jun 30, 2025 | -228.50 Mn |
| Mar 31, 2025 | 719.80 Mn |
| Dec 31, 2024 | 388.90 Mn |
| Sep 30, 2024 | 284.00 Mn |
| Jun 30, 2024 | 277.90 Mn |
| Mar 31, 2024 | 529.80 Mn |
| Dec 31, 2023 | -790.00 Mn |
| Sep 30, 2023 | -188.90 Mn |
| Jun 30, 2023 | 73.30 Mn |
| Mar 31, 2023 | 621.40 Mn |
| Dec 31, 2022 | 718.10 Mn |
| Sep 30, 2022 | 254.20 Mn |
| Jun 30, 2022 | -212.80 Mn |
| Mar 31, 2022 | -395.30 Mn |
| Dec 31, 2021 | -532.70 Mn |
| Sep 30, 2021 | -27.40 Mn |
API Access
Fortinet Net Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-cash-flow&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-cash-flow&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();