Fortinet (FTNT) Prepaid Assets (2010 - 2026)
Fortinet (FTNT) recorded Prepaid Assets of $256.8 million in Q2 2026, up 58.0% from $162.5 million a year earlier and up 41.2% from the prior quarter.
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Analysis
Fortinet (FTNT) Prepaid Assets (2010 - 2026) Analysis & Trends
At the end of FY2025, Fortinet reported Prepaid Assets of $227 million, up 80.0% from FY2024.
- Annual Prepaid Assets has increased for seven straight years, with a five-year compound annual growth rate of 39.3% (FY2020 to FY2025).
- Across earlier years, Prepaid Assets came in at $126.1 million in FY2024 (+24.7%), $101.1 million in FY2023 (+38.3%), $73.1 million in FY2022 (+11.8%) and $65.4 million in FY2021 (+51.0%).
- The Q2 2026 figure is the highest quarterly Prepaid Assets in data going back to Q4 2010.
- On a year-over-year basis, Prepaid Assets has increased for 13 consecutive quarters, with growth averaging 44.3% over the last eight quarters.
- Peak year-over-year performance for Prepaid Assets in the last five years was growth of 80.0% in Q4 2025, against a decline of 2.2% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $181.9 million (Q1 2026), $227 million (Q4 2025) and $195.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 261.23 Bn | 246.30 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 233.89 Bn | 214.29 Bn | 1.10 Bn |
| 3 | Fortinet | 125.38 Bn | 111.31 Bn | 1.64 Bn |
| 4 | Snowflake | 108.45 Bn | 95.77 Bn | 1.04 Bn |
| 5 | Datadog | 88.65 Bn | 70.29 Bn | 881.34 Mn |
| 6 | Zscaler | 33.05 Bn | 19.16 Bn | - |
| 7 | Okta | 32.99 Bn | 23.09 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.35 Bn | 26.87 Bn | 546.45 Mn |
| 9 | MongoDB | 27.25 Bn | 17.72 Bn | 569.77 Mn |
| 10 | F5 | 25.14 Bn | 19.55 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 256.80 Mn |
| Mar 31, 2026 | 181.90 Mn |
| Dec 31, 2025 | 227.00 Mn |
| Sep 30, 2025 | 195.20 Mn |
| Jun 30, 2025 | 162.50 Mn |
| Mar 31, 2025 | 125.40 Mn |
| Dec 31, 2024 | 126.10 Mn |
| Sep 30, 2024 | 121.50 Mn |
| Jun 30, 2024 | 113.40 Mn |
| Mar 31, 2024 | 100.90 Mn |
| Dec 31, 2023 | 101.10 Mn |
| Sep 30, 2023 | 102.60 Mn |
| Jun 30, 2023 | 109.50 Mn |
| Mar 31, 2023 | 89.70 Mn |
| Dec 31, 2022 | 73.10 Mn |
| Sep 30, 2022 | 72.80 Mn |
| Jun 30, 2022 | 83.30 Mn |
| Mar 31, 2022 | 91.70 Mn |
| Dec 31, 2021 | 65.40 Mn |
| Sep 30, 2021 | 59.70 Mn |
API Access
Fortinet Prepaid Assets 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=prepaid-assets&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "prepaid-assets", "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=prepaid-assets&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();