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

Fortinet's Research & Development history runs 17 years deep, the most recent figure standing at $636.3 million for Q1 2026.

• On a quarterly basis, Research & Development rose 17.25% year-over-year to $636.3 million in Q1 2026; TTM through Mar 2026 was $1.6 billion, a 32.26% decrease from a year earlier, with the FY2025 full-year figure at $815.5 million, down 60.12% from the prior year.
• Research & Development advanced to $636.3 million in Q1 2026 per FTNT's latest filing, from $205.0 million in the prior quarter.
• Across five years, Research & Development topped out at $1.5 billion in Q4 2024 and bottomed at $124.3 million in Q2 2022.
• The 5-year median for Research & Development is $478.3 million (2023), against an average of $479.5 million.
• Across the five-year window, Research & Development sank 88.29% in 2023 and surged 896.13% in 2024, its largest moves.
• Year by year, Research & Development stood at $1.3 billion in 2022, then sank by 88.29% to $152.5 million in 2023, then jumped by 896.13% to $1.5 billion in 2024, then sank by 86.51% to $205.0 million in 2025, then jumped by 210.39% to $636.3 million in 2026.
• Per Business Quant, the three latest FTNT Research & Development figures stand at $636.3 million (Q1 2026), $205.0 million (Q4 2025), and $202.4 million (Q3 2025).