Skip to content

Fortinet FTNT Business Segments — R&D

Similar metrics at other companies

Dolby Laboratories, Inc. logo
DLBReportable Segment — R&D
$53.84M+2.2%
Toast logo
TOSTReportable Segment — R&D
$74M+19.4%
Cronos Group logo
CRONReportable Segment — R&D
$1.41M+78.2%
Zscaler logo
ZSReportable Segment — R&D
$143.5M+35.4%
Pegasystems logo
PEGAReportable Segment — R&D
$82.05M+10.4%
Silicon Laboratories logo
SLABReportable Segment — R&D
$88.59M+0.4%

Other financials

Income statement

See full
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

See full
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

See full
Operating cash flow$1.1B+24.8%
CapEx$70.6M+6.2%
Free cash flow$1.0B+26.3%

Valuation

See full
Market cap$106.44B+39.3%
Enterprise value$104.78B+41.8%
P/E54.5×+13.8×
P/S15×+2.5×

Profitability

See full
Gross margin80.3%-1.0pp
Operating margin31.1%-0.4pp
Net margin27.5%-3.1pp
FCF margin34.3%+0.6pp

Returns & leverage

See full
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:ResearchAndDevelopmentExpense.

The official record: Fortinet’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

Ask your AI about Fortinet's business segments — r&d.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Fortinet's business segments — R&D?
Fortinet (FTNT) reported business segments — R&D of $214M in Q1 2026.
How has Fortinet's business segments — R&D changed year-over-year?
Fortinet's business segments — R&D increased by 7.8% year-over-year, from $198.6M to $214M.
What is the long-term trend for Fortinet's business segments — R&D?
Over 3 years (2022 to 2025), Fortinet's business segments — R&D has grown at a 16.8% compound annual growth rate (CAGR), from $512.4M to $815.5M.
What does business segments — R&D mean?
This metric captures the costs associated with the design, development, and improvement of products or services within a specific business segment. It reflects the company's commitment to innovation and maintaining a competitive technological edge in its target market.