Fortinet (FTNT) Total Debt (2021 - 2026)

Fortinet (FTNT) recorded quarterly Total Debt of $496.8 million in Q1 2026, down 50.14% quarter-over-quarter from $996.3 million in Q4 2025, and down 50.07% on a YoY basis from $994.9 million in Q1 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.

  • In Q1 2026, Total Debt fell 50.07% year-over-year to $496.8 million; the TTM figure through Mar 2026 stood at $496.8 million (down 50.07% YoY), while the FY2025 annual figure was $996.3 million, changed 0.2% from the prior year.
  • Total Debt was $496.8 million for Q1 2026 at Fortinet, down from $996.3 million in the prior quarter.
  • In the past five years, Total Debt ranged from a high of $996.3 million in Q4 2025 to a low of $496.8 million in Q1 2026.
  • Historically, Total Debt has averaged $963.4 million across 5 years, with a median of $992.3 million in 2023.
  • The sharpest annual moves came in 2025 and 2026: Total Debt increased 0.21% in 2025, then sank 50.07% in 2026.
  • A 5-year view of Total Debt shows it 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 sank by 50.14% to $496.8 million in 2026.
  • The last three Total Debt figures came in at $496.8 million (Q1 2026), $996.3 million (Q4 2025), and $995.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 40.26 Bn
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn -
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 124.72 Bn
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn -
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn -
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 745.47 Mn
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 496.80 Mn
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 10.04 Bn
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn 1.29 Bn
10 CoreWeave 51.85 Bn 49.58 Bn 2.01 Bn 24.86 Bn

Historic Data

Download Data
DateValue
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