Fortinet (FTNT) Total Debt (2021 - 2026)
Fortinet's (FTNT) quarterly Total Debt came in at $496.8 million in Q1 2026, down 50.07% year-on-year from $994.9 million in Q1 2025, and down 50.14% quarter-over-quarter from $996.3 million in Q4 2025.
Fortinet (FTNT) Total Debt (2021 - 2026) Analysis & Trends
Fortinet's Total Debt history runs 6 years deep, the most recent figure standing at $496.8 million for Q1 2026.
- On a quarterly basis, Total Debt fell 50.07% year-over-year to $496.8 million in Q1 2026; TTM through Mar 2026 was $496.8 million, a 50.07% decrease from a year earlier, with the FY2025 full-year figure at $996.3 million, changed 0.2% from the prior year.
- Total Debt fell to $496.8 million in Q1 2026 per FTNT's latest filing, from $996.3 million in the prior quarter.
- Across five years, Total Debt topped out at $996.3 million in Q4 2025 and bottomed at $496.8 million in Q1 2026.
- The 5-year median for Total Debt is $992.3 million (2023), against an average of $963.4 million.
- Across the five-year window, Total Debt gained 0.21% in 2025 and sank 50.07% in 2026, its largest moves.
- Year by year, Total Debt stood at $990.4 million in 2022, then climbed by 0.19% to $992.3 million in 2023, then rose by 0.2% to $994.3 million in 2024, then climbed by 0.2% to $996.3 million in 2025, then tumbled by 50.14% to $496.8 million in 2026.
- Per Business Quant, the three latest FTNT Total Debt figures stand at $496.8 million (Q1 2026), $996.3 million (Q4 2025), and $995.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,834.76 Bn | 2,710.32 Bn | 56.06 Bn | 40.26 Bn |
| 2 | PagSeguro Digital | 2,643.44 Bn | 2,643.44 Bn | 358.92 Mn | 439.29 Mn |
| 3 | Oracle | 345.72 Bn | 314.37 Bn | - | 122.34 Bn |
| 4 | Repay Holdings | 297.29 Bn | 297.14 Bn | - | 426.54 Mn |
| 5 | Palantir Technologies | 295.33 Bn | 287.41 Bn | 1.42 Bn | - |
| 6 | Pagaya Technologies | 249.07 Bn | 249.08 Bn | 140.38 Mn | 474.99 Mn |
| 7 | Palo Alto Networks | 228.92 Bn | 224.38 Bn | 1.91 Bn | - |
| 8 | CrowdStrike Holdings | 183.84 Bn | 180.79 Bn | 993.68 Mn | 745.47 Mn |
| 9 | Fortinet | 111.23 Bn | 107.94 Bn | 1.49 Bn | 496.80 Mn |
| 10 | Cloudflare | 92.51 Bn | 91.57 Bn | 455.60 Mn | 1.29 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 987.50 Mn |