Fortinet (FTNT) balance sheet
NASDAQ · Technology · Software - Infrastructure · 15,109 employees · CEO Ken Xie
- Price
- $136.08 -2.17%
- Market cap
- $99.8B
- Enterprise value
- $96.6B
- Last report
- Q3 '26 filed 2026-10-30
- Next report
- 2027-02-04 EPS est. $0.92
At the end of Q3 '26 Fortinet (FTNT) held $4.8B in cash and short-term investments against $497M of debt incl. leases. Total assets $11.9B, total liabilities $9.7B, shareholders' equity $2.25B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.4B | $1.93B | $2.2B | $2.49B | $2.88B | $3.6B | $3.37B | $2B | $2.5B | $2.22B | $2.93B | $3.75B | |
| Short-term investments | $1.04B | $1.1B | $1.14B | $1.21B | $1.19B | $1.18B | $1.19B | $1.13B | $1.09B | $1.07B | $1.13B | $1.05B | |
| Receivables | $1.4B | $996M | $1.08B | $1.04B | $1.46B | $1.17B | $1.22B | $1.17B | $1.69B | $1.49B | $1.46B | $1.46B | |
| Inventory | $485M | $440M | $383M | $354M | $316M | $363M | $405M | $427M | $400M | $370M | $426M | $591M | |
| Other current assets | $101M | $101M | $113M | $122M | $126M | $125M | $163M | $195M | $227M | $182M | $257M | $0 | |
| Current assets | $4.43B | $4.56B | $4.92B | $5.22B | $5.97B | $6.44B | $6.35B | $4.91B | $5.9B | $5.33B | $6.21B | $7.11B | |
| Property, plant & equipment (net) | $1.04B | $1.25B | $1.24B | $1.27B | $1.35B | $1.4B | $1.54B | $1.61B | $1.62B | $1.69B | $1.7B | $1.73B | |
| Long-term investments | $0 | $35.8M | $0 | $0 | $0 | $35.2M | $112M | $289M | $340M | $340M | $399M | $519M | |
| Goodwill | $127M | $129M | $128M | $213M | $235M | $236M | $259M | $258M | $257M | $344M | $0 | $348M | |
| Intangible assets | $35.3M | $34.1M | $30.2M | $112M | $115M | $121M | $123M | $110M | $97.3M | $0 | $335M | $0 | |
| Deferred tax assets | $869M | $943M | $999M | $1.3B | $1.34B | $1.41B | $1.46B | $1.37B | $1.31B | $1.3B | $1.32B | $1.31B | |
| Other non-current assets | $756M | $714M | $734M | $733M | $756M | $756M | $799M | $817M | $861M | $871M | $898M | $931M | |
| Non-current assets | $2.83B | $3.1B | $3.13B | $3.63B | $3.79B | $3.96B | $4.3B | $4.45B | $4.49B | $4.55B | $4.65B | $4.83B | |
| Total assets | $7.26B | $7.66B | $8.05B | $8.85B | $9.76B | $10.4B | $10.6B | $9.36B | $10.4B | $9.88B | $10.9B | $11.9B | |
| Liabilities | |||||||||||||
| Accounts payable | $204M | $135M | $132M | $178M | $191M | $225M | $245M | $221M | $231M | $239M | $283M | $430M | |
| Accrued expenses | $666M | $753M | $618M | $625M | $594M | $665M | $620M | $605M | $0 | $0 | $0 | $696M | |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $499M | $499M | $499M | $500M | $0 | $0 | $0 | |
| Taxes payable | $63.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $2.85B | $2.91B | $2.98B | $3.08B | $3.28B | $3.34B | $3.41B | $3.46B | $3.64B | $3.73B | $3.84B | $3.96B | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $668M | $659M | $717M | $0 | |
| Current liabilities | $3.72B | $3.8B | $3.73B | $3.88B | $4.06B | $4.73B | $4.78B | $4.79B | $5.03B | $4.62B | $4.84B | $5.09B | |
| Long-term debt | $992M | $993M | $993M | $994M | $994M | $496M | $496M | $497M | $497M | $497M | $497M | $497M | |
| Deferred revenue (non-current) | $2.89B | $2.88B | $2.92B | $2.93B | $3.08B | $3.08B | $3.16B | $3.19B | $3.48B | $3.63B | $0 | $3.97B | |
| Other non-current liabilities | $125M | $129M | $125M | $136M | $130M | $141M | $153M | $154M | $141M | $148M | $3.97B | $138M | |
| Non-current liabilities | $4B | $4B | $4.04B | $4.06B | $4.21B | $3.72B | $3.8B | $3.84B | $4.12B | $4.27B | $4.47B | $4.61B | |
| Total liabilities | $7.72B | $7.8B | $7.76B | $7.94B | $8.27B | $8.44B | $8.58B | $8.63B | $9.15B | $8.89B | $9.31B | $9.7B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $800K | $800K | $800K | $800K | $800K | $800K | $800K | $700K | $700K | $700K | $700K | $700K | |
| Retained earnings | -$1.86B | -$1.56B | -$1.18B | -$643M | -$117M | $316M | $364M | -$959M | -$508M | -$782M | -$317M | $319M | |
| Accumulated other comprehensive income | -$18.9M | -$24.8M | -$29M | -$18M | -$26.1M | -$22.9M | -$20.7M | -$21.8M | -$25.4M | -$27.7M | -$28.8M | -$32.4M | |
| Shareholders' equity | -$463M | -$138M | $288M | $908M | $1.49B | $1.96B | $2.06B | $735M | $1.24B | $990M | $1.55B | $2.25B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $992M | $993M | $993M | $994M | $994M | $995M | $995M | $996M | $996M | $497M | $497M | $497M | |
| Net debt (debt - cash) | -$406M | -$934M | -$1.21B | -$1.5B | -$1.88B | -$2.6B | -$2.37B | -$1B | -$1.5B | -$1.73B | -$2.44B | -$3.25B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $709M | $811M | $1.11B | $1.22B | $1.06B | $1.32B | $1.68B | $1.4B | $2.88B | $2.5B | |
| Short-term investments | $377M | $440M | $537M | $843M | $776M | $1.23B | $528M | $1.04B | $1.19B | $1.09B | |
| Receivables | $313M | $348M | $445M | $544M | $720M | $808M | $1.26B | $1.4B | $1.46B | $1.69B | |
| Inventory | $107M | $77.3M | $90M | $118M | $140M | $176M | $265M | $485M | $316M | $400M | |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $73.1M | $101M | $126M | $0 | |
| Current assets | $1.54B | $1.72B | $2.22B | $2.77B | $2.74B | $3.6B | $3.81B | $4.43B | $5.97B | $5.9B | |
| Property, plant & equipment (net) | $137M | $245M | $271M | $344M | $448M | $688M | $899M | $1.04B | $1.35B | $1.62B | |
| Long-term investments | $225M | $98M | $67M | $144M | $118M | $441M | $45.5M | $0 | $0 | $340M | |
| Goodwill | $14.6M | $14.6M | $38.2M | $67.2M | $93M | $125M | $128M | $127M | $235M | $257M | |
| Intangible assets | $24.8M | $16.3M | $22.1M | $31.1M | $31.6M | $63.6M | $56M | $35.3M | $115M | $97.3M | |
| Deferred tax assets | $183M | $147M | $255M | $226M | $245M | $342M | $569M | $869M | $1.34B | $1.31B | |
| Other non-current assets | $16.9M | $19.9M | $203M | $297M | $368M | $659M | $720M | $756M | $756M | $861M | |
| Non-current assets | $601M | $541M | $857M | $1.11B | $1.3B | $2.32B | $2.42B | $2.83B | $3.79B | $4.49B | |
| Total assets | $2.14B | $2.26B | $3.08B | $3.88B | $4.04B | $5.92B | $6.23B | $7.26B | $9.76B | $10.4B | |
| Liabilities | |||||||||||
| Accounts payable | $56.7M | $70M | $86.4M | $96.4M | $142M | $148M | $243M | $204M | $191M | $231M | |
| Accrued expenses | $114M | $142M | $176M | $204M | $295M | $392M | $486M | $666M | $594M | $668M | |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500M | |
| Taxes payable | $13.6M | $21.4M | $28.2M | $4.1M | $90.3M | $79.5M | $67.8M | $63.6M | $0 | $0 | |
| Deferred revenue | $645M | $794M | $966M | $1.16B | $1.39B | $1.78B | $2.35B | $2.85B | $3.28B | $0 | |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.64B | |
| Current liabilities | $829M | $1.03B | $1.26B | $1.46B | $1.83B | $2.32B | $3.08B | $3.72B | $4.06B | $5.03B | |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $988M | $990M | $992M | $994M | $497M | |
| Deferred revenue (non-current) | $390M | $543M | $721M | $953M | $1.21B | $1.68B | $2.29B | $2.89B | $3.08B | $3.48B | |
| Other non-current liabilities | $82.8M | $98.8M | $90.5M | $128M | $147M | $139M | $150M | $125M | $130M | $141M | |
| Non-current liabilities | $473M | $641M | $811M | $1.08B | $1.36B | $2.8B | $3.43B | $4B | $4.21B | $4.12B | |
| Total liabilities | $1.3B | $1.67B | $2.07B | $2.54B | $3.19B | $5.12B | $6.51B | $7.72B | $8.27B | $9.15B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $173K | $200K | $200K | $200K | $200K | $800K | $800K | $800K | $800K | $700K | |
| Retained earnings | $37.6M | -$320M | -$57.5M | $161M | -$352M | -$468M | -$1.55B | -$1.86B | -$117M | -$508M | |
| Accumulated other comprehensive income | -$765K | -$800K | -$800K | $1.1M | $700K | -$4.8M | -$20.2M | -$18.9M | -$26.1M | -$25.4M | |
| Shareholders' equity | $838M | $589M | $1.01B | $1.34B | $856M | $782M | -$282M | -$463M | $1.49B | $1.24B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $0 | $0 | $0 | $0 | $0 | $988M | $990M | $992M | $994M | $996M | |
| Net debt (debt - cash) | -$709M | -$811M | -$1.11B | -$1.22B | -$1.06B | -$331M | -$693M | -$406M | -$1.88B | -$1.5B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01