Fortinet (FTNT) Other Working Capital Changes (2010 - 2026)
Fortinet (FTNT) recorded quarterly Other Working Capital Changes of $235.7 million in Q1 2026, down 49.43% quarter-over-quarter from $466.1 million in Q4 2025, and up 7032.35% on a YoY basis from $3.3 million in Q1 2025.
Fortinet (FTNT) Other Working Capital Changes (2010 - 2026) Analysis & Trends
Fortinet's Other Working Capital Changes history runs 17 years deep, the most recent figure standing at $235.7 million for Q1 2026.
- In Q1 2026, Other Working Capital Changes rose 7032.35% year-over-year to $235.7 million; the TTM figure through Mar 2026 stood at $993.3 million (up 2204.45% YoY), while the FY2025 annual figure was $754.2 million, up 6756.36% from the prior year.
- Other Working Capital Changes was $235.7 million for Q1 2026 at Fortinet, down from $466.1 million in the prior quarter.
- In the past five years, Other Working Capital Changes ranged from a high of $726.1 million in Q3 2022 to a low of -$735.1 million in Q4 2022.
- Historically, Other Working Capital Changes has averaged $58.3 million across 5 years, with a median of $54.8 million in 2024.
- Biggest YoY gain for Other Working Capital Changes was 18517.95% in 2022; the steepest drop was 36855.0% in 2022.
- A 5-year view of Other Working Capital Changes shows it stood at -$735.1 million in 2022, then grew by 9.69% to -$663.9 million in 2023, then soared by 66.35% to -$223.4 million in 2024, then jumped by 308.64% to $466.1 million in 2025, then sank by 49.43% to $235.7 million in 2026.
- The last three Other Working Capital Changes figures came in at $235.7 million (Q1 2026), $466.1 million (Q4 2025), and $256.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn |
| 10 | CoreWeave | 51.85 Bn | 49.58 Bn | 2.01 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 235.70 Mn |
| Mar 31, 2026 | 235.70 Mn |
| Dec 31, 2025 | 466.10 Mn |
| Dec 31, 2025 | 466.10 Mn |
| Sep 30, 2025 | 256.00 Mn |
| Sep 30, 2025 | 256.00 Mn |
| Jun 30, 2025 | 35.50 Mn |
| Jun 30, 2025 | 35.50 Mn |
| Mar 31, 2025 | -3.40 Mn |
| Mar 31, 2025 | -3.40 Mn |
| Dec 31, 2024 | -223.40 Mn |
| Dec 31, 2024 | -223.40 Mn |
| Sep 30, 2024 | 72.70 Mn |
| Sep 30, 2024 | 72.70 Mn |
| Jun 30, 2024 | 106.90 Mn |
| Jun 30, 2024 | 106.90 Mn |
| Mar 31, 2024 | 54.80 Mn |
| Mar 31, 2024 | 54.80 Mn |
| Dec 31, 2023 | -663.90 Mn |
| Dec 31, 2023 | -663.90 Mn |