What is Fortinet's deferred revenue?

Fortinet (FTNT) reported deferred revenue of $3.73B in Q1 2026.

How has Fortinet's deferred revenue changed year-over-year?

Fortinet's deferred revenue increased by 11.6% year-over-year, from $3.34B to $3.73B.

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

Over 5 years (2020 to 2025), Fortinet's deferred revenue has grown at a 21.2% compound annual growth rate (CAGR), from $1.39B to $3.64B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Fortinet FTNT Deferred Revenue

Deferred Revenue at other companies

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$50.92B+14.1%

Cisco Systems, Inc.CSCO

$16.45B+2.3%

F5, Inc.FFIV

$1.27B+5.7%

Netscout SystemsNTCT

$330.6M+9.6%

Extreme NetworksEXTR

$312.52M+12.9%

Palo Alto Networks, Inc.PANW

$7.11B+23.6%

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$106.44B-18.3%

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:ContractWithCustomerLiabilityCurrent.

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 deferred revenue?: Fortinet (FTNT) reported deferred revenue of $3.73B in Q1 2026.
How has Fortinet's deferred revenue changed year-over-year?: Fortinet's deferred revenue increased by 11.6% year-over-year, from $3.34B to $3.73B.
What is the long-term trend for Fortinet's deferred revenue?: Over 5 years (2020 to 2025), Fortinet's deferred revenue has grown at a 21.2% compound annual growth rate (CAGR), from $1.39B to $3.64B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.