What is Fortinet's interest expense?

Fortinet (FTNT) reported interest expense of $4.2M in Q1 2026.

How has Fortinet's interest expense changed year-over-year?

Fortinet's interest expense decreased by 14.3% year-over-year, from $4.9M to $4.2M.

What is the long-term trend for Fortinet's interest expense?

Over 4 years (2021 to 2025), Fortinet's interest expense has grown at a 7.8% compound annual growth rate (CAGR), from $14.9M to $20.1M.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

Fortinet FTNT Interest Expense

Interest Expense at other companies

Cisco Systems, Inc.CSCO

$377M-6.5%

Netscout SystemsNTCT

$413K-46.0%

Extreme NetworksEXTR

$3.25M-14.4%

Palo Alto Networks, Inc.PANW

$0-100%

CrowdStrike Holdings, Inc.CRWD

$6.12M-8.9%

ZscalerZS

$2.7M+37.3%

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

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

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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

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:InterestExpenseNonoperating.

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 interest expense?: Fortinet (FTNT) reported interest expense of $4.2M in Q1 2026.
How has Fortinet's interest expense changed year-over-year?: Fortinet's interest expense decreased by 14.3% year-over-year, from $4.9M to $4.2M.
What is the long-term trend for Fortinet's interest expense?: Over 4 years (2021 to 2025), Fortinet's interest expense has grown at a 7.8% compound annual growth rate (CAGR), from $14.9M to $20.1M.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.