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
DateValue
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