Fortinet, Inc.
FTNT Technology Software Infrastructure
Fortinet, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.8 billion, up 14.2% from fiscal 2024. In the quarter to June 2026, revenue grew 25.6%, EPS grew 45.6%, free cash flow grew 239.9% and total debt fell 50.1%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for ten.
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Fortinet, Inc. (FTNT) Total debt
Fortinet, Inc.'s total debt at the end of fiscal 2025 was $996.3M, unchanged from fiscal 2024. At the end of the quarter to 30 June 2026 it was $496.9M. Over the past ten years it has ranged from $47.0M (fiscal 2019) to $1.0B (fiscal 2022); the current reading is higher than 71% of that period. Fortinet, Inc. ranks 48th of 167 Software Infrastructure companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $996.3M | 0.20% |
| FY2024 | $994.3M | 0.20% |
| FY2023 | $992.3M | (3.04%) |
| FY2022 | $1.0B | 0.89% |
| FY2021 | $1.0B | 1,813.96% |
| FY2020 | $53.0M | 12.77% |
| FY2019 | $47.0M | — |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Jun 2026 | $496.9M | 0.02% |
| Mar 2026 | $496.8M | (50.14%) |
| Dec 2025 | $996.3M | 0.04% |
| Sep 2025 | $995.9M | 0.06% |
| 23 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| ORCL Oracle Corporation compare | $117.7B |
| SNPS Synopsys, Inc. compare | $10.0B |
| NBIS Nebius Group N.V. compare | $8.5B |
| XYZ Block, Inc. compare | $5.7B |
| NTAP NetApp, Inc. compare | $2.5B |
| NET Cloudflare, Inc. compare | $2.0B |
| PANW Palo Alto Networks, Inc. compare | $1.8B |
| CRWD CrowdStrike compare | $746.2M |
| FTNT Fortinet, Inc. | $496.9M |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
More on FTNT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement