Fortinet (FTNT) Receivables (2010 - 2026)
Fortinet's Receivables came in at $1.46 billion for Q2 2026, up 19.7% from $1.22 billion a year earlier but down 2.1% from the prior quarter.
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Analysis
Fortinet (FTNT) Receivables (2010 - 2026) Analysis & Trends
At the end of FY2025, Fortinet's Receivables was $1.69 billion, up 15.6% from FY2024.
- Receivables has increased in each of the last 15 years, with a five-year compound annual growth rate of 18.6% (FY2020 to FY2025).
- Going back by year, Receivables was $1.46 billion in FY2024 (+4.4%), $1.4 billion in FY2023 (+11.1%), $1.26 billion in FY2022 (+56.2%) and $807.7 million in FY2021 (+12.2%).
- The five-year range for quarterly Receivables is $604.9 million (Q3 2021) to $1.69 billion (Q4 2025).
- Year-over-year, Receivables has increased for nine consecutive quarters, with growth averaging 13.9% over the last eight quarters.
- The fastest year-over-year change in Receivables over five years came in Q3 2022 (growth of 59.2%), and the weakest in Q1 2024 (a decline of 8.4%).
- Business Quant data shows FTNT's Receivables at $1.49 billion (Q1 2026), $1.69 billion (Q4 2025) and $1.17 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 305.41 Bn | 290.49 Bn | 2.30 Bn | 3.63 Bn |
| 2 | CrowdStrike Holdings | 258.16 Bn | 238.60 Bn | 1.10 Bn | 1.04 Bn |
| 3 | Fortinet | 127.25 Bn | 113.18 Bn | 1.64 Bn | 1.46 Bn |
| 4 | Snowflake | 118.44 Bn | 105.76 Bn | 1.04 Bn | 718.46 Mn |
| 5 | Datadog | 96.25 Bn | 77.89 Bn | 881.34 Mn | 975.55 Mn |
| 6 | Axon Enterprise | 34.94 Bn | 29.46 Bn | 546.45 Mn | 1.52 Bn |
| 7 | MongoDB | 33.06 Bn | 23.53 Bn | 569.77 Mn | 483.22 Mn |
| 8 | Okta | 32.62 Bn | 22.72 Bn | 641.00 Mn | 469.00 Mn |
| 9 | Zscaler | 31.48 Bn | 17.60 Bn | - | 1.15 Bn |
| 10 | Baidu | 29.71 Bn | -43.91 Bn | 1.47 Mn | 2.09 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.46 Bn |
| 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 |
API Access
Fortinet Receivables 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=receivables&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "receivables", "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=receivables&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();