Fortinet (FTNT) Total Liabilities (2010 - 2026)
Fortinet (FTNT) recorded Total Liabilities of $9.7 billion in Q3 2026, up 12.4% from $8.63 billion a year earlier and up 4.2% from the prior quarter.
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Analysis
Fortinet (FTNT) Total Liabilities (2010 - 2026) Analysis & Trends
At the end of FY2025, Fortinet reported Total Liabilities of $9.15 billion, up 10.7% from FY2024.
- Annual Total Liabilities has increased for 15 straight years, with a five-year compound annual growth rate of 23.5% (FY2020 to FY2025).
- Across earlier years, Total Liabilities came in at $8.27 billion in FY2024 (+7.1%), $7.72 billion in FY2023 (+18.6%), $6.51 billion in FY2022 (+27.1%) and $5.12 billion in FY2021 (+60.6%).
- The Q3 2026 figure is the highest quarterly Total Liabilities in data going back to Q4 2010.
- On a year-over-year basis, Total Liabilities has increased for 58 consecutive quarters, with growth averaging 8.9% over the last eight quarters.
- The year-over-year growth in Total Liabilities has ranged between 5.3% (Q1 2026) and 60.6% (Q4 2021) over the last five years.
- Per Business Quant, the preceding three quarters came in at $9.31 billion (Q2 2026), $8.89 billion (Q1 2026) and $9.15 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 239.80 Bn | 224.87 Bn | 2.30 Bn | 20.97 Bn |
| 2 | CrowdStrike Holdings | 221.32 Bn | 201.72 Bn | 1.10 Bn | 6.89 Bn |
| 3 | Snowflake | 95.32 Bn | 82.64 Bn | 1.04 Bn | 6.54 Bn |
| 4 | Fortinet | 91.37 Bn | 75.63 Bn | 1.64 Bn | 9.70 Bn |
| 5 | Datadog | 62.68 Bn | 43.23 Bn | 959.92 Mn | 3.12 Bn |
| 6 | Axon Enterprise | 33.44 Bn | 27.96 Bn | 546.45 Mn | 3.81 Bn |
| 7 | Zscaler | 33.36 Bn | 19.52 Bn | 689.22 Mn | 5.27 Bn |
| 8 | Okta | 29.92 Bn | 20.01 Bn | 641.00 Mn | 2.17 Bn |
| 9 | MongoDB | 24.20 Bn | 14.66 Bn | 569.77 Mn | 797.71 Mn |
| 10 | Roku | 23.96 Bn | 13.98 Bn | 648.52 Mn | 1.89 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.70 Bn |
| Jun 30, 2026 | 9.31 Bn |
| Mar 31, 2026 | 8.89 Bn |
| Dec 31, 2025 | 9.15 Bn |
| Sep 30, 2025 | 8.63 Bn |
| Jun 30, 2025 | 8.58 Bn |
| Mar 31, 2025 | 8.44 Bn |
| Dec 31, 2024 | 8.27 Bn |
| Sep 30, 2024 | 7.94 Bn |
| Jun 30, 2024 | 7.76 Bn |
| Mar 31, 2024 | 7.80 Bn |
| Dec 31, 2023 | 7.72 Bn |
| Sep 30, 2023 | 7.41 Bn |
| Jun 30, 2023 | 7.16 Bn |
| Mar 31, 2023 | 6.82 Bn |
| Dec 31, 2022 | 6.51 Bn |
| Sep 30, 2022 | 5.97 Bn |
| Jun 30, 2022 | 5.67 Bn |
| Mar 31, 2022 | 5.42 Bn |
| Dec 31, 2021 | 5.12 Bn |
API Access
Fortinet Total Liabilities 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-liabilities&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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-liabilities&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();