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Fortinet FTNT Operating Lease Liabilities (Current)

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Other financials

Income statement

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Revenue$2.0B+25.6%
Gross profit$1.6B+24.9%
Operating income$689.3M+50.5%
Net income$606.3M+37.8%
EPS (diluted)$0.82+43.9%

Balance sheet

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Cash & equivalents$2.9B-12.9%
Total debt$496.9M-54.4%
Total equity$1.6B-24.7%
Total assets$10.9B+2.0%

Cash flow

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Operating cash flow$1.0B+131%
CapEx$78.0M-53.5%
Free cash flow$965.6M+240%

Valuation

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Market cap$117.13B+105%
Enterprise value$114.69B+109%
P/E55.2×+25.8×
P/S15.6×+6.5×

Profitability

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Gross margin80.2%-1.1pp
Operating margin32.4%+1.6pp
Net margin28.2%-2.4pp
FCF margin41.4%+9.3pp

Returns & leverage

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Return on equity117.4%-47.7pp
Debt / equity0.3×-0.2×
Current ratio1.3×0.0×

Where this comes from

Reported directly by Fortinet in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiability.

The source filing: Fortinet’s 10-Q, filed May 8, 2026.

Filed
May 7, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001262039-26-000013

As of March 31, 2026, we had $70.4 million in contractual commitments related to payments for operating leases.

Item 1. Financial Statements (unaudited)

FAQ

What is Fortinet's operating lease liabilities (current)?
Fortinet (FTNT) reported operating lease liabilities (current) of $70.4M in Q1 2026.
How has Fortinet's operating lease liabilities (current) changed year-over-year?
Fortinet's operating lease liabilities (current) decreased by 13.7% year-over-year, from $81.6M to $70.4M.
What is the long-term trend for Fortinet's operating lease liabilities (current)?
Over 5 years (2020 to 2025), Fortinet's operating lease liabilities (current) has grown at a 13.6% compound annual growth rate (CAGR), from $19.1M to $36.1M.
What does operating lease liabilities (current) mean?
The current portion of operating lease obligations due within one year, representing committed future lease payments under ASC 842.

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