Fortinet (FTNT) Total Debt (2021 - 2026)
Fortinet (FTNT) posted quarterly Total Debt of $496.9 million for Q2 2026, down 50.08% year-over-year from $995.3 million in Q2 2025, and little changed quarter-over-quarter from $496.8 million in Q1 2026.
Fortinet (FTNT) Total Debt (2021 - 2026) Analysis & Trends
Fortinet's Total Debt history runs 6 years deep, the most recent figure standing at $496.9 million for Q2 2026.
- In Q2 2026, Total Debt fell 50.08% year-over-year to $496.9 million; the TTM figure through Jun 2026 stood at $496.9 million (down 50.08% YoY), while the FY2025 annual figure was $996.3 million, changed 0.2% from the prior year.
- Total Debt for Q2 2026 stood at $496.9 million, 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.
- The 5-year median for Total Debt is $992.0 million (2023), against an average of $937.5 million.
- The sharpest annual moves came in 2025 and 2026: Total Debt grew 0.21% in 2025, then sank 50.08% in 2026.
- Fortinet's Total Debt stood at $990.4 million in 2022, then advanced by 0.19% to $992.3 million in 2023, then increased by 0.2% to $994.3 million in 2024, then advanced by 0.2% to $996.3 million in 2025, then tumbled by 50.13% to $496.9 million in 2026.
- Business Quant data shows FTNT's Total Debt at $496.9 million in Q2 2026, $496.8 million in Q1 2026, and $996.3 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 40.29 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 122.34 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 160.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 496.90 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 1.29 Bn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 10.07 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 3.66 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 6.29 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 2.49 Bn |
Historic Data
Download 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 |