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Fortinet (FTNT) Research & Development (2016 - 2025)

Fortinet has reported Research & Development over the past 16 years, most recently at $205.0 million for Q4 2025.

  • Quarterly results put Research & Development at $205.0 million for Q4 2025, up 7.27% from a year ago — trailing twelve months through Dec 2025 was $815.5 million (up 13.77% YoY), and the annual figure for FY2025 was $815.5 million, up 13.77%.
  • Research & Development for Q4 2025 was $205.0 million at Fortinet, up from $202.4 million in the prior quarter.
  • Over the last five years, Research & Development for FTNT hit a ceiling of $209.5 million in Q2 2025 and a floor of $97.2 million in Q1 2021.
  • Median Research & Development over the past 5 years was $152.9 million (2023), compared with a mean of $154.1 million.
  • Biggest five-year swings in Research & Development: increased 29.84% in 2021 and later grew 7.27% in 2025.
  • Fortinet's Research & Development stood at $112.6 million in 2021, then rose by 14.48% to $128.9 million in 2022, then grew by 18.31% to $152.5 million in 2023, then grew by 25.31% to $191.1 million in 2024, then rose by 7.27% to $205.0 million in 2025.
  • The last three reported values for Research & Development were $205.0 million (Q4 2025), $202.4 million (Q3 2025), and $209.5 million (Q2 2025) per Business Quant data.