Fortinet (FTNT) Total Debt (2021 - 2026)
Fortinet (FTNT) posted Total Debt of $496.9 million for Q2 2026, little changed on a QoQ basis from $496.8 million in Q1 2026, and down 50.08% year-over-year from $995.3 million in Q2 2025.
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Analysis
Fortinet (FTNT) Total Debt (2021 - 2026) Analysis & Trends
Fortinet has reported Total Debt for 6 years, with the latest figure at $496.9 million in Q2 2026.
- On a quarterly basis, Total Debt fell 50.08% year-over-year to $496.9 million in Q2 2026; TTM through Jun 2026 was $496.9 million, a 50.08% decrease from a year earlier, with the FY2025 full-year figure at $996.3 million, changed 0.2% from the prior year.
- Total Debt was $496.9 million for Q2 2026 at Fortinet, roughly flat from $496.8 million in the prior quarter.
- The five-year high for Total Debt was $996.3 million in Q4 2025, with the low at $496.8 million in Q1 2026.
- Average Total Debt over 5 years is $937.5 million, with a median of $992.0 million recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Total Debt rose 0.21% in 2025, then sank 50.08% in 2026.
- Over 5 years, Total Debt stood at $990.4 million in 2022, then grew by 0.19% to $992.3 million in 2023, then gained by 0.2% to $994.3 million in 2024, then grew by 0.2% to $996.3 million in 2025, then tumbled by 50.13% to $496.9 million in 2026.
- The last three Total Debt figures came in at $496.9 million (Q2 2026), $496.8 million (Q1 2026), and $996.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 746.22 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 496.90 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | - |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | - |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 1.73 Bn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | - |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | - |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 7.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 496.90 Mn |
| Mar 31, 2026 | 496.80 Mn |
| Dec 31, 2025 | 996.30 Mn |
| Sep 30, 2025 | 995.90 Mn |
| Jun 30, 2025 | 995.30 Mn |
| Mar 31, 2025 | 994.90 Mn |
| Dec 31, 2024 | 994.30 Mn |
| Sep 30, 2024 | 993.80 Mn |
| Jun 30, 2024 | 993.30 Mn |
| Mar 31, 2024 | 992.80 Mn |
| Dec 31, 2023 | 992.30 Mn |
| Sep 30, 2023 | 991.80 Mn |
| Jun 30, 2023 | 991.30 Mn |
| Mar 31, 2023 | 990.90 Mn |
| Dec 31, 2022 | 990.40 Mn |
| Sep 30, 2022 | 989.90 Mn |
| Jun 30, 2022 | 989.40 Mn |
| Mar 31, 2022 | 988.90 Mn |
| Dec 31, 2021 | 988.40 Mn |
| Sep 30, 2021 | 1.01 Bn |
API Access
Fortinet Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();