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Fortinet (FTNT) Research & Development (2016 - 2026)

Fortinet's Research & Development history spans 17 years, with the latest figure at $214.0 million for Q1 2026.

  • Quarterly Research & Development rose 7.75% to $214.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $830.9 million through Mar 2026, up 11.92% year-over-year, with the annual reading at $815.5 million for FY2025, 13.77% up from the prior year.
  • Research & Development came in at $214.0 million for Q1 2026, up from $205.0 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $214.0 million in Q1 2026 to a low of $124.3 million in Q2 2022.
  • The 5-year median for Research & Development is $165.4 million (2024), against an average of $169.0 million.
  • Year-over-year, Research & Development grew 28.5% in 2022 and then grew 7.27% in 2025.
  • Fortinet's Research & Development stood at $128.9 million in 2022, then increased by 18.31% to $152.5 million in 2023, then increased by 25.31% to $191.1 million in 2024, then grew by 7.27% to $205.0 million in 2025, then grew by 4.39% to $214.0 million in 2026.
  • Per Business Quant, the three most recent readings for FTNT's Research & Development are $214.0 million (Q1 2026), $205.0 million (Q4 2025), and $202.4 million (Q3 2025).