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

Fortinet (FTNT) has 16 years of Research & Development data on record, last reported at $205.0 million in Q4 2025.

  • For Q4 2025, Research & Development rose 7.27% year-over-year to $205.0 million; the TTM value through Dec 2025 reached $815.5 million, up 13.77%, while the annual FY2025 figure was $815.5 million, 13.77% up from the prior year.
  • Research & Development reached $205.0 million in Q4 2025 per FTNT's latest filing, up from $202.4 million in the prior quarter.
  • Across five years, Research & Development topped out at $209.5 million in Q2 2025 and bottomed at $97.2 million in Q1 2021.
  • Average Research & Development over 5 years is $154.1 million, with a median of $152.9 million recorded in 2023.
  • Peak YoY movement for Research & Development: rose 29.84% in 2021, then increased 7.27% in 2025.
  • A 5-year view of Research & Development shows it stood at $112.6 million in 2021, then increased by 14.48% to $128.9 million in 2022, then rose by 18.31% to $152.5 million in 2023, then increased by 25.31% to $191.1 million in 2024, then rose by 7.27% to $205.0 million in 2025.
  • Per Business Quant database, its latest 3 readings for Research & Development were $205.0 million in Q4 2025, $202.4 million in Q3 2025, and $209.5 million in Q2 2025.