Fortinet (FTNT) Receivables (2010 - 2026)
Fortinet (FTNT) recorded quarterly Receivables of $1.5 billion in Q1 2026, down 12.12% quarter-over-quarter from $1.7 billion in Q4 2025, and up 26.59% on a YoY basis from $1.2 billion in Q1 2025.
Fortinet (FTNT) Receivables (2010 - 2026) Analysis & Trends
Fortinet's Receivables history runs 17 years deep, the most recent figure standing at $1.5 billion for Q1 2026.
- In Q1 2026, Receivables rose 26.59% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $1.5 billion (up 26.59% YoY), while the FY2025 annual figure was $1.7 billion, up 15.57% from the prior year.
- Receivables was $1.5 billion for Q1 2026 at Fortinet, down from $1.7 billion in the prior quarter.
- In the past five years, Receivables ranged from a high of $1.7 billion in Q4 2025 to a low of $790.4 million in Q1 2022.
- Historically, Receivables has averaged $1.2 billion across 5 years, with a median of $1.1 billion in 2023.
- The sharpest annual moves came in 2022 and 2024: Receivables soared 59.23% in 2022, then fell 8.37% in 2024.
- A 5-year view of Receivables shows it stood at $1.3 billion in 2022, then advanced by 11.12% to $1.4 billion in 2023, then increased by 4.38% to $1.5 billion in 2024, then advanced by 15.57% to $1.7 billion in 2025, then retreated by 12.12% to $1.5 billion in 2026.
- The last three Receivables figures came in at $1.5 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 60.04 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 10.72 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 1.41 Bn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 2.12 Bn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 1.36 Bn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 1.49 Bn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 2.78 Bn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 403.75 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 2.12 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.49 Bn |
| Dec 31, 2025 | 1.69 Bn |
| Sep 30, 2025 | 1.17 Bn |
| Jun 30, 2025 | 1.22 Bn |
| Mar 31, 2025 | 1.17 Bn |
| Dec 31, 2024 | 1.46 Bn |
| Sep 30, 2024 | 1.04 Bn |
| Jun 30, 2024 | 1.08 Bn |
| Mar 31, 2024 | 996.20 Mn |
| Dec 31, 2023 | 1.40 Bn |
| Sep 30, 2023 | 1.01 Bn |
| Jun 30, 2023 | 1.08 Bn |
| Mar 31, 2023 | 1.09 Bn |
| Dec 31, 2022 | 1.26 Bn |
| Sep 30, 2022 | 963.20 Mn |
| Jun 30, 2022 | 919.50 Mn |
| Mar 31, 2022 | 790.40 Mn |
| Dec 31, 2021 | 807.70 Mn |
| Sep 30, 2021 | 604.90 Mn |
| Jun 30, 2021 | 584.60 Mn |