Current Assets
Accounts Receivable
Fortinet Accounts Receivable decreased by 12.1% to $1.49B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 26.6%, from $1.17B to $1.49B. Over 5 years (FY 2020 to FY 2025), Accounts Receivable shows an upward trend with a 18.6% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026
How to read this metric
An increase relative to sales may signal slowing collections or credit risk, while a decrease suggests efficient cash conversion.
Detailed definition
The total amount of credit extended to customers and channel partners for products sold or services rendered, minus an a...
Peer comparison
Typically scales with revenue growth; however, companies with strong direct-to-consumer channels may have lower receivables relative to those relying on third-party distributors.
Metric ID:
accounts_receivable_netHistorical Data
20 periods
| 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 | $584.60M | $604.90M | $807.70M | $790.40M | $919.50M | $963.20M | $1.26B | $1.09B | $1.08B | $1.01B | $1.40B | $996.20M | $1.08B | $1.04B | $1.46B | $1.17B | $1.22B | $1.17B | $1.69B | $1.49B |
| QoQ Change | — | +3.5% | +33.5% | -2.1% | +16.3% | +4.8% | +31.0% | -13.8% | -0.8% | -6.0% | +38.3% | -28.9% | +8.8% | -3.6% | +40.2% | -19.8% | +3.6% | -3.9% | +44.8% | -12.1% |
| YoY Change | — | — | — | — | +57.3% | +59.2% | +56.2% | +37.6% | +17.3% | +5.3% | +11.1% | -8.4% | +0.4% | +3.0% | +4.4% | +17.8% | +12.2% | +11.9% | +15.6% | +26.6% |
Range$584.60M – $1.69B
CAGR+21.7%
Avg YoY Growth+20.5%
Median YoY Growth+13.9%
Accounts Receivable at Other Companies
Frequently Asked Questions
- What is Fortinet's accounts receivable?
- Fortinet (FTNT) reported accounts receivable of $1.49B in Q1 2026.
- How has Fortinet's accounts receivable changed year-over-year?
- Fortinet's accounts receivable increased by 26.6% year-over-year, from $1.17B to $1.49B.
- What is the long-term trend for Fortinet's accounts receivable?
- Over 5 years (2020 to 2025), Fortinet's accounts receivable has grown at a 18.6% compound annual growth rate (CAGR), from $720.00M to $1.69B.
- What does accounts receivable mean?
- The amount of money customers owe the company for products they have already received.