Other

Fortinet·Balance Sheet Statement·38 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	$5.9B	$6.1B	—	$6.5B	$6.6B	$6.7B	—	$7.5B
Common stock, shares authorized (in shares)	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B	1.5B
Fair Value	—	—	$1.2B	$1.2B	$1.3B	$1.4B	$1.4B	$1.4B
Total	$1.1B	$1.2B	$1.1B	$1.2B	$1.2B	$1.3B	$1.3B	$1.4B
Available for sale investments	$1.1B	$1.2B	$1.1B	$1.2B	$1.2B	$1.3B	$1.3B	$1.4B
Less than 12 months	$999.7M	$116.8M	$251.6M	$473.5M	$887.2M	$1.3B	$1.3B	$1.4B
Debt Securities, Available-for-Sale, Unrealized Loss Position	$999.7M	$116.8M	$251.6M	$473.5M	$887.2M	$1.3B	$1.3B	$1.4B
Inventory purchase commitments	$566.7M	$550M	—	$689M	$714.4M	$732.5M	—	$1.4B
2026	$500.1M	$393.7M	—	$686.1M	$537.2M	$359.5M	—	$1.3B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	$1.1B	$1.2B	$1.1B	$1.1B	$1.1B	$1B	$989M	$1B
Capitalized Contract Cost, Net	$596.9M	$599.4M	$622.9M	$636.2M	$665.4M	$682.2M	$735.5M	$753.7M
Common stock, shares issued (in shares)	764.2M	765.7M	767M	769.2M	765.6M	742.9M	743M	734M
Common Stock, Shares, Outstanding	764.2M	765.7M	767M	769.2M	765.6M	742.9M	743M	734M
Long-term debt, gross	$1B	$1B	$1B	$1B	$1B	$1B	$1B	$500M
Due within one to three years	$0	$0	$0	$35.2M	$112M	$289.1M	$339.7M	$339.7M
Gross Carrying Amount	$116.9M	$206.5M	$218.1M	$237.2M	$253.5M	$252.6M	$250.8M	$250.8M
Finite-Lived Intangible Assets, Accumulated Amortization	$86.7M	$94.9M	$103.1M	$116M	$130.2M	$142.4M	$153.5M	$163.8M
Other Commitment	$40.4M	$116.5M	—	$94.7M	$102.7M	$112.7M	—	$127.8M
Unrecognized tax benefits	$68.3M	$72.3M	$75.9M	$79M	$83M	$86.6M	$90.4M	$91.7M
Amount that if recognized, would affect the effective tax rate or regulatory liability	$57.4M	$61M	—	$64M	$67.6M	$70.8M	—	$74.9M
Thereafter	$66.6M	$156.3M	—	$2.9M	$177.2M	$373M	—	$68M
2027	$8.4M	$34.2M	—	$31M	$35.4M	$37.3M	—	$27.5M
Accrued inventory purchase commitments	$105.2M	$76.3M	$54M	$47.5M	$41.9M	$35.2M	$26.7M	$27.2M
Remainder of 2026	$6.2M	$9.6M	—	$33.1M	$23.7M	$12.5M	—	$26.9M
Accrued excise taxes	—	—	—	$0	—	—	—	$25.2M
2028	$4.7M	$23.6M	—	$24.9M	$28.2M	$27.6M	—	$20M
Penalties and interest accrued on unrecognized tax benefits	$7.5M	$8.4M	$8.8M	$9.8M	$10.8M	$11.6M	$12.5M	$13.3M
2029	$4.3M	$19M	—	$18.5M	$21.4M	$20M	—	$9.3M
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$6.7M	$6.2M	$5.7M	$5.1M	$4.7M	$4.1M	$3.7M	$3.2M
Thereafter	$5.1M	$11.9M	—	$4.2M	$4.2M	$3.4M	—	$2.3M
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	$800K	$0	$300K	$200K	$300K	$200K	$100K	$1.7M
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	$800K	$0	$300K	$200K	$300K	$200K	$100K	$1.7M
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	$800K	$0	$300K	$200K	$300K	$200K	$100K	$1.7M
2030	$1.5M	$13.3M	—	$9.5M	$10.4M	$9.4M	—	$1M
Gross Unrealized Gains	$0	$1.7M	$700K	$300K	$100K	$1.1M	$1.5M	$200K
Common stock, par value (in dollars per share)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$0	$0	$0	$0	$0	$0	$0	$0
12 months or more	$0	$0	$0	$0	$0	$0	$0	$0