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| 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 |