What is Fortinet's stock-based comp?

Fortinet (FTNT) reported stock-based comp of $72.5M in Q1 2026.

How has Fortinet's stock-based comp changed year-over-year?

Fortinet's stock-based comp increased by 9.7% year-over-year, from $66.1M to $72.5M.

What is the long-term trend for Fortinet's stock-based comp?

Over 4 years (2021 to 2025), Fortinet's stock-based comp has grown at a 7.7% compound annual growth rate (CAGR), from $207.9M to $279.5M.

What does stock-based comp mean?

Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

Fortinet FTNT Stock-Based Comp

Stock-Based Comp at other companies

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$3.08B+3.4%

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$914M-3.3%

F5, Inc.FFIV

$68M+15.5%

Netscout SystemsNTCT

$12.6M-11.3%

Extreme NetworksEXTR

$21.77M+6.9%

Palo Alto Networks, Inc.PANW

$643M+97.2%

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

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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

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Operating cash flow$1.1B+24.8%

CapEx$70.6M+6.2%

Free cash flow$1.0B+26.3%

Valuation

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Market cap$109.85B+43.7%

Enterprise value$108.19B+46.4%

P/E56.2×+15.5×

P/S15.5×+3.0×

Profitability

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Gross margin80.3%-1.0pp

Operating margin31.1%-0.4pp

Net margin27.5%-3.1pp

FCF margin34.3%+0.6pp

Returns & leverage

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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:ShareBasedCompensation.

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 stock-based comp?: Fortinet (FTNT) reported stock-based comp of $72.5M in Q1 2026.
How has Fortinet's stock-based comp changed year-over-year?: Fortinet's stock-based comp increased by 9.7% year-over-year, from $66.1M to $72.5M.
What is the long-term trend for Fortinet's stock-based comp?: Over 4 years (2021 to 2025), Fortinet's stock-based comp has grown at a 7.7% compound annual growth rate (CAGR), from $207.9M to $279.5M.
What does stock-based comp mean?: Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.