Fortinet (FTNT) Research & Development (2010 - 2026)

Fortinet's Research & Development history runs 17 years deep, the most recent figure standing at $214.0 million for Q1 2026.

• In Q1 2026, Research & Development rose 7.75% year-over-year to $214.0 million; the TTM figure through Mar 2026 stood at $830.9 million (up 11.92% YoY), while the FY2025 annual figure was $815.5 million, up 13.77% from the prior year.
• Research & Development was $214.0 million for Q1 2026 at Fortinet, 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.
• Historically, Research & Development has averaged $169.0 million across 5 years, with a median of $165.4 million in 2024.
• The sharpest annual moves came in 2022 and 2025: Research & Development advanced 28.5% in 2022, then advanced 7.27% in 2025.
• A 5-year view of Research & Development shows it stood at $128.9 million in 2022, then rose by 18.31% to $152.5 million in 2023, then climbed by 25.31% to $191.1 million in 2024, then increased by 7.27% to $205.0 million in 2025, then increased by 4.39% to $214.0 million in 2026.
• The last three Research & Development figures came in at $214.0 million (Q1 2026), $205.0 million (Q4 2025), and $202.4 million (Q3 2025), per Business Quant data.