What is Fortinet's acquisitions?

Fortinet (FTNT) reported acquisitions of $0 in Q1 2026.

How has Fortinet's acquisitions changed year-over-year?

Fortinet's acquisitions decreased by 100.0% year-over-year, from $11.2M to $0.

What is the long-term trend for Fortinet's acquisitions?

Over 3 years (2021 to 2024), Fortinet's acquisitions has grown at a 54.4% compound annual growth rate (CAGR), from $74.9M to $275.5M.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Fortinet FTNT Acquisitions

Acquisitions at other companies

Cisco Systems, Inc.CSCO

$39M-2.5%

F5, Inc.FFIV

$146.89M+1,684%

Palo Alto Networks, Inc.PANW

$1.99B—

CrowdStrike Holdings, Inc.CRWD

$881.38M—

A10 NetworksATEN

$0-100%

ZscalerZS

$97.27M—

Other financials

Income statement

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Revenue$1.8B+20.1%

Gross profit$1.5B+19.1%

Operating income$580.0M+27.8%

Net income$534.5M+23.3%

EPS (diluted)$0.72+28.6%

Balance sheet

See full

Cash & equivalents$2.2B-38.2%

Total debt$567.2M-47.3%

Total equity$989.7M-49.6%

Total assets$9.9B-5.0%

Cash flow

See full

Operating cash flow$1.1B+24.8%

CapEx$70.6M+6.2%

Free cash flow$1.0B+26.3%

Valuation

See full

Market cap$109.85B+43.7%

Enterprise value$108.19B+46.4%

P/E56.2×+15.5×

P/S15.5×+3.0×

Profitability

See full

Gross margin80.3%-1.0pp

Operating margin31.1%-0.4pp

Net margin27.5%-3.1pp

FCF margin34.3%+0.6pp

Returns & leverage

See full

Return on equity132.4%—

Debt / equity0.6×0.0×

Current ratio1.2×-0.2×

Where this comes from

Reported directly by Fortinet in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Fortinet’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortinet's acquisitions?: Fortinet (FTNT) reported acquisitions of $0 in Q1 2026.
How has Fortinet's acquisitions changed year-over-year?: Fortinet's acquisitions decreased by 100.0% year-over-year, from $11.2M to $0.
What is the long-term trend for Fortinet's acquisitions?: Over 3 years (2021 to 2024), Fortinet's acquisitions has grown at a 54.4% compound annual growth rate (CAGR), from $74.9M to $275.5M.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.