Fortinet, Inc.
FTNTAPI behind this page
FTNT Q1 2026 request
Playground key active
/api/financials?ticker=FTNT&year=2026&quarter=1
Pick an endpoint and run the request.Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 1,849.6 | 1,539.7 | +20.1% |
Show Product Lines breakouts |
|||
| Product | 645.1 | 459.1 | +40.5% |
| Security subscription | 694 | 623.1 | +11.4% |
| Service | 1,204.5 | 1,080.6 | +11.5% |
| Technical support and other | 510.5 | 457.5 | +11.6% |
Show Business Segments breakouts |
|||
| Reportable Segment | 1,849.6 | 1,539.7 | +20.1% |
Show Geography breakouts |
|||
| Americas | 739.8 | 629.8 | +17.5% |
| Asia Pacific | 325 | 281.5 | +15.5% |
| EMEA | 784.8 | 628.4 | +24.9% |
| Other Americas | 213.3 | 174.4 | +22.3% |
| US | 526.5 | 455.4 | +15.6% |
| Cost of Revenue | 364.5 | 293.1 | +24.4% |
Show Product Lines breakouts |
|||
| Product | 208.3 | 149.9 | +39.0% |
| Product · Reportable Segment | 208.3 | 149.9 | +39.0% |
| Service | 156.2 | 143.2 | +9.1% |
| Service · Reportable Segment | 156.2 | 143.2 | +9.1% |
| Gross Profit | 1,485.1 | 1,246.6 | +19.1% |
Show Product Lines breakouts |
|||
| Product | 436.8 | 309.2 | +41.3% |
| Service | 1,048.3 | 937.4 | +11.8% |
| Research & Development | 214 | 198.6 | +7.8% |
Show Business Segments breakouts |
|||
| Reportable Segment | 214 | 198.6 | +7.8% |
| Sales & Marketing | 636.3 | 542.7 | +17.2% |
| General & Administrative | 56.2 | 57.8 | -2.8% |
Show Business Segments breakouts |
|||
| Reportable Segment | 56.2 | 57.8 | -2.8% |
| Gain Loss From Mutual Covenant Not To Sue Agreement Right To Use Existing Intellectual Property | -1.4 | -6.3 | +77.8% |
| Operating Expenses | 905.1 | 792.8 | +14.2% |
| Operating Income | 580 | 453.8 | +27.8% |
| Investment Income Net | 32.9 | 44.3 | -25.7% |
| Interest Expense | -4.2 | -4.9 | +14.3% |
| Other Non-Operating Income (Expense) | 47.9 | 26.1 | +83.5% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | 656.6 | 519.3 | +26.4% |
| Income Tax Expense (Benefit) | 122 | 96.5 | +26.4% |
Show Business Segments breakouts |
|||
| Reportable Segment | 122 | 96.5 | +26.4% |
| Income Loss From Equity Method Investments | -0.1 | 10.6 | -100.9% |
| Net Income | 534.5 | 433.4 | +23.3% |
Show Business Segments breakouts |
|||
| Reportable Segment | 534.5 | 433.4 | +23.3% |
Show Equity Components breakouts |
|||
| Retained Earnings | 534.5 | 433.4 | +23.3% |
| EPS (Basic) | 0.72 | 0.56 | +28.6% |
| EPS (Diluted) | 0.72 | 0.56 | +28.6% |
| Wtd Avg Shares (Basic) | 738.8 | 768.3 | -3.8% |
| Wtd Avg Shares (Diluted) | 742.8 | 776.8 | -4.4% |
| Comprehensive Income | 532.2 | 436.6 | +21.9% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,223.8 | 3,596.6 | -38.2% |
| Other Short Term Investments | 1,071.1 | 1,183.9 | -9.5% |
| Accounts Receivable | 1,486.2 | 1,174 | +26.6% |
| Inventory | 369.6 | 362.7 | +1.9% |
| Prepaid Expenses & Other Current Assets | 181.9 | 125.4 | +45.1% |
| Total Current Assets | 5,332.6 | 6,442.6 | -17.2% |
| Non-Current Assets | |||
| Long Term Investments | 339.7 | 35.2 | +865.1% |
| Property, Plant & Equipment | 1,691.5 | 1,403.8 | +20.5% |
Show Geography breakouts |
|||
| Americas | 1,407.4 | 1,211.7 | +16.2% |
| Asia Pacific | 72.7 | 62.8 | +15.8% |
| CA | 330.9 | 215.8 | +53.3% |
| EMEA | 211.4 | 129.3 | +63.5% |
| Latin America | 4.4 | 2.4 | +83.3% |
| US | 1,072.1 | 993.5 | +7.9% |
| Deferred Tax Assets | 1,304.5 | 1,411.6 | -7.6% |
| Goodwill | 257.4 | — | — |
| Other Non-Current Assets | 117.1 | 120.2 | -2.6% |
| Total Assets | 9,883.5 | — | — |
| Intangible Assets | 87 | 121.2 | -28.2% |
Show Finite Lived Intangible Assets By Major Class breakouts |
|||
| Backlog | 3 | 7.6 | -60.5% |
| Customer Relationships | 21.3 | 34.9 | -39.0% |
| Developed Technology Rights | 58.1 | 69.5 | -16.4% |
| Trade Names | 4.6 | 9.2 | -50.0% |
| Other Assets | |||
| Capitalized Contract Cost Net | 753.7 | 636.2 | +18.5% |
| Intangible Assets Net Excluding Goodwill | 87 | 121.2 | -28.2% |
| Current Liabilities | |||
| Accounts Payable | 238.7 | 224.5 | +6.3% |
| Accrued Liabilities | 366.1 | 415 | -11.8% |
| Employee Related Liabilities Current | 292.4 | 250.2 | +16.9% |
| Deferred Revenue (Current) | 3,726.3 | 3,339.4 | +11.6% |
| Total Current Liabilities | 4,623.5 | 4,727.8 | -2.2% |
| Non-Current Liabilities | |||
| Contract With Customer Liability Noncurrent | 3,625.2 | 3,079 | +17.7% |
| Long-Term Debt | 496.8 | 496.2 | +0.1% |
| Other Non-Current Liabilities | 148.3 | 141.1 | +5.1% |
| Total Liabilities | 8,893.8 | 8,444.1 | +5.3% |
| Stockholders' Equity | |||
| Common Stock | 0.7 | 0.8 | -12.5% |
| Additional Paid In Capital Common Stock | 1,798.7 | 1,668.7 | +7.8% |
| Accumulated Other Comprehensive Income | -27.7 | -22.9 | -21.0% |
| Retained Earnings | -782 | 316.3 | -347.2% |
| Total Stockholders' Equity | 989.7 | 1,962.9 | -49.6% |
| Total Liabilities & Equity | 9,883.5 | 10,407 | -5.0% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Stock-Based Compensation | 72.5 | 66.1 | +9.7% |
| Capitalized Contract Cost Amortization | 94.2 | 78 | +20.8% |
| Depreciation & Amortization | 39.8 | 35.8 | +11.2% |
| Accretion Amortization Of Discounts And Premiums Investments | -4.8 | -10.3 | +53.4% |
| Other Non-Cash Items | -44.9 | -35.5 | -26.5% |
| Change in Accounts Receivable | 205.2 | 303.9 | -32.5% |
| Change in Inventory | 23.6 | -34.1 | +169.2% |
| Change in Prepaid & Other Assets | 62.8 | 3.4 | +1747.1% |
| Increase Decrease In Deferred Charges | -112.4 | -91.3 | -23.1% |
| Increase Decrease In Deferred Income Taxes | 11 | -30 | +136.7% |
| Increase Decrease In Other Operating Assets | -5.4 | 1.5 | -460.0% |
| Change in Accounts Payable | -26 | 24.6 | -205.7% |
| Increase Decrease In Accrued Liabilities | 12.5 | 63.7 | -80.4% |
| Increase Decrease In Employee Related Liabilities | -20.6 | -8.2 | -151.2% |
| Change in Deferred Revenue | 235.7 | 57 | +313.5% |
| Increase Decrease In Accrued Liabilities And Other Operating Liabilities | -0.6 | 5.3 | -111.3% |
| Net Cash from Operations | 1,077.1 | 863.3 | +24.8% |
| Investing Activities | |||
| Payments To Acquire Other Investments | -350.7 | -503 | +30.3% |
| Proceeds From Sale Of Available For Sale Securities Debt | 115.9 | 2.8 | +4039.3% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 299.7 | 466.9 | -35.8% |
| Capital Expenditures | -70.6 | -66.5 | -6.2% |
| Net Cash from Investing | -5.7 | -110.8 | +94.9% |
| Transfersof Evaluation Unitsfrom Inventoryto Propertyand Equipment | 6.4 | 6.2 | +3.2% |
| Liability Incurred For Repurchase Of Common Stock | 3.9 | — | — |
| Share Repurchase Program Excise Tax Payable | 25.2 | — | — |
| Financing Activities | |||
| Share Repurchases | -823 | — | — |
| Repayments Of Senior Debt | -500 | — | — |
| Proceeds From Issuance Of Common Stock | 17.6 | 20.2 | -12.9% |
| Tax Withholding for Share Compensation | -36.3 | -52.9 | +31.4% |
| Proceeds From Payments For Other Financing Activities | -1.2 | — | — |
| Net Cash from Financing | -1,342.9 | -32.7 | -4006.7% |
| Supplemental | |||
| Income Taxes Paid | 47 | 26.8 | +75.4% |
| Right Of Use Asset Obtained In Exchange For Operating Lease Liability | 14 | 6.7 | +109.0% |
| Unpaid Capital Expenditures | 56 | 25.1 | +123.1% |
| Other Cash Flow | |||
| Net Change in Cash | -271.5 | 720.7 | -137.7% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 2,223.8 | 3,596.6 | -38.2% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.