Cash & Equivalents
Fortinet Cash & Equivalents decreased by 10.9% to $2.22B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 38.2%, from $3.60B to $2.22B. Over 5 years (FY 2020 to FY 2025), Cash & Equivalents shows an upward trend with a 18.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved liquidity and financial flexibility, while a decrease may indicate heavy capital expenditure, debt repayment, or aggressive share buybacks.
Detailed definition
Represents the most liquid assets on the balance sheet, including physical currency and short-term investments with matu...
Peer comparison
Large-cap technology peers often maintain high cash balances to fund rapid innovation and offset the cyclical nature of consumer electronics.
cash_and_equivalentsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.88B | $1.85B | $1.32B | $923.50M | $710.00M | $964.00M | $1.68B | $2.30B | $2.38B | $2.19B | $1.40B | $1.93B | $2.20B | $2.49B | $2.88B | $3.60B | $3.37B | $2.00B | $2.50B | $2.22B |
| QoQ Change | — | -1.4% | -28.8% | -30.0% | -23.1% | +35.8% | +74.6% | +36.9% | +3.1% | -8.0% | -36.1% | +37.8% | +14.4% | +13.0% | +15.5% | +25.1% | -6.3% | -40.8% | +25.0% | -10.9% |
| YoY Change | — | — | — | — | -62.2% | -48.0% | +27.6% | +149.5% | +234.7% | +126.8% | -16.9% | -16.4% | -7.3% | +13.8% | +105.7% | +86.7% | +52.9% | -19.8% | -13.2% | -38.2% |
Cash & Equivalents at Other Companies
Frequently Asked Questions
- What is Fortinet's cash & equivalents?
- Fortinet (FTNT) reported cash & equivalents of $2.22B in Q1 2026.
- How has Fortinet's cash & equivalents changed year-over-year?
- Fortinet's cash & equivalents decreased by 38.2% year-over-year, from $3.60B to $2.22B.
- What is the long-term trend for Fortinet's cash & equivalents?
- Over 5 years (2020 to 2025), Fortinet's cash & equivalents has grown at a 18.6% compound annual growth rate (CAGR), from $1.06B to $2.50B.
- What does cash & equivalents mean?
- Money in the bank and very short-term investments that can be turned into cash almost instantly.