Fortinet Balance Sheet
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Fortinet financial position
At the end of fiscal 2025, Fortinet reported total assets of $10.39 billion, up 6.4% from a year earlier against total liabilities of $9.15 billion. Shareholders' equity stood at $1.24 billion, or 11.9% of assets. The company held $2.50 billion in cash and equivalents against $996.3 million of debt, a net cash position of $1.50 billion.
The current ratio (current assets divided by current liabilities) was 1.17, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.81.
Summary generated from market data by MetaCap's automated system. Methodology
Fortinet balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.50B | 2.88B | 1.40B | 1.68B | 1.32B | 1.06B | 1.22B | 1.11B | 811.00M | 709.00M |
| Short-Term Investments | — | — | — | — | — | 775.50M | 843.10M | 537.20M | 440.30M | 376.52M |
| Receivables | 1.69B | 1.46B | 1.40B | 1.26B | 807.70M | 720.00M | 544.30M | 444.50M | 348.20M | 313.00M |
| Inventory | 399.50M | 315.50M | 484.80M | 264.60M | 175.80M | 139.80M | 117.90M | 90.00M | 77.30M | 106.89M |
| Total Current Assets | 5.90B | 5.97B | 4.43B | 3.81B | 3.60B | 2.74B | 2.77B | 2.22B | 1.72B | 1.54B |
| Property, Plant & Equipment | 1.62B | 1.35B | 1.04B | 898.50M | 687.60M | 448.00M | 344.30M | 271.40M | 245.40M | 137.25M |
| Goodwill | 257.40M | 235.40M | 126.50M | 128.00M | 125.10M | 93.00M | 67.20M | 38.20M | 14.60M | 14.55M |
| Intangible Assets | 97.30M | 115.00M | 35.30M | 56.00M | 63.60M | 31.60M | 31.10M | 22.10M | 16.30M | 24.83M |
| Long-Term Investments | 339.70M | 0 | 0 | 45.50M | 440.80M | 118.30M | 144.30M | 67.00M | 98.00M | 224.98M |
| Total Assets | 10.39B | 9.76B | 7.26B | 6.23B | 5.92B | 4.04B | 3.88B | 3.08B | 2.26B | 2.14B |
| Accounts Payable | 230.80M | 190.90M | 204.30M | 243.40M | 148.40M | 141.60M | 96.40M | 86.40M | 70.00M | 56.73M |
| Short-Term Debt | 499.70M | 0 | — | — | — | 0 | — | — | — | — |
| Total Current Liabilities | 5.03B | 4.06B | 3.72B | 3.08B | 2.32B | 1.83B | 1.46B | 1.26B | 1.03B | 829.44M |
| Long-Term Debt | 496.60M | 994.30M | 992.30M | 990.40M | 988.40M | 0 | — | — | — | — |
| Total Liabilities | 9.15B | 8.27B | 7.72B | 6.51B | 5.12B | 3.19B | 2.54B | 2.07B | 1.67B | 1.30B |
| Shareholders' Equity | 1.24B | 1.49B | -463.40M | -281.60M | 781.70M | 856.00M | 1.34B | 1.03B | 602.00M | 837.70M |
| Retained Earnings | -507.90M | -117.10M | -1.86B | -1.55B | -467.90M | -352.10M | 160.80M | -57.50M | -319.60M | 37.62M |
| Total Debt | 996.30M | 994.30M | 992.30M | 990.40M | 988.40M | 0 | — | — | — | — |
| Net Cash (Debt) | 1.50B | 1.88B | 405.60M | 692.50M | 330.70M | 1.84B | 2.07B | 1.65B | 1.25B | 1.09B |
| Shares Outstanding | 743.00M | 767.00M | 761.00M | 781.50M | 810.00M | 162.50M | 171.70M | 169.80M | 167.90M | 173.08M |
This table shows 10 annual periods of Fortinet's balance sheet, from FY 2025 back to FY 2016, across 20 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow FTNT's reporting calendar. What is a balance sheet?