Fortinet, Inc. (FTNT) stock
FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 16/3011% above fair value
$127.22−2.32 (-1.79%)
Close on Nov 13, 2026Market cap $93.47BP/E 41.3Yield –
Fortinet r&d expenses
Research and development expenses are spending on new products and technology.
Fortinet's R&D Expenses for the twelve months ending Sep 30, 2026 was $857.40M, up 7.0% year over year. For fiscal 2025 it was $815.50M, up 13.8% from the year before. Over ten years it grew 17.8% a year on average. The highest annual figure on record is $815.50M in fiscal 2025.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $815.50M | +13.8% |
| FY2024 | Dec 31, 2024 | $716.80M | +16.8% |
| FY2023 | Dec 31, 2023 | $613.80M | +19.8% |
| FY2022 | Dec 31, 2022 | $512.40M | +20.8% |
| FY2021 | Dec 31, 2021 | $424.20M | +24.3% |
| FY2020 | Dec 31, 2020 | $341.40M | +23.2% |
| FY2019 | Dec 31, 2019 | $277.10M | +13.3% |
| FY2018 | Dec 31, 2018 | $244.50M | +16.1% |
| FY2017 | Dec 31, 2017 | $210.60M | +15.0% |
| FY2016 | Dec 31, 2016 | $183.10M | +15.8% |
| FY2015 | Dec 31, 2015 | $158.13M | +28.7% |
| FY2014 | Dec 31, 2014 | $122.88M | +19.7% |
| FY2013 | Dec 31, 2013 | $102.66M | +26.6% |
| FY2012 | Dec 31, 2012 | $81.08M | +27.5% |
| FY2011 | Dec 31, 2011 | $63.58M | +27.7% |
| FY2010 | Dec 31, 2010 | $49.80M | +18.0% |
| FY2009 | Dec 31, 2009 | $42.20M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $213.40M | +5.4% |
| Q2 FY2026 | Jun 30, 2026 | $225.00M | +7.4% |
| Q1 FY2026 | Mar 31, 2026 | $214.00M | +7.8% |
| Q4 FY2025 | Dec 31, 2025 | $205.00M | +7.3% |
| Q3 FY2025 | Sep 30, 2025 | $202.40M | +8.1% |
| Q2 FY2025 | Jun 30, 2025 | $209.50M | +26.7% |
| Q1 FY2025 | Mar 31, 2025 | $198.60M | +14.8% |
| Q4 FY2024 | Dec 31, 2024 | $191.10M | +25.3% |
| Q3 FY2024 | Sep 30, 2024 | $187.30M | +19.4% |
| Q2 FY2024 | Jun 30, 2024 | $165.40M | +7.9% |
| Q1 FY2024 | Mar 31, 2024 | $173.00M | +14.5% |
| Q4 FY2023 | Dec 31, 2023 | $152.50M | +18.3% |
| Q3 FY2023 | Sep 30, 2023 | $156.90M | +16.8% |
| Q2 FY2023 | Jun 30, 2023 | $153.30M | +23.3% |
| Q1 FY2023 | Mar 31, 2023 | $151.10M | +21.0% |
| Q4 FY2022 | Dec 31, 2022 | $128.90M | +14.5% |
| Q3 FY2022 | Sep 30, 2022 | $134.30M | +24.6% |
| Q2 FY2022 | Jun 30, 2022 | $124.30M | +16.6% |
| Q1 FY2022 | Mar 31, 2022 | $124.90M | +28.5% |
| Q4 FY2021 | Dec 31, 2021 | $112.60M | +26.5% |
| Q3 FY2021 | Sep 30, 2021 | $107.80M | +19.8% |
| Q2 FY2021 | Jun 30, 2021 | $106.60M | +29.8% |
| Q1 FY2021 | Mar 31, 2021 | $97.20M | +21.0% |
| Q4 FY2020 | Dec 31, 2020 | $89.00M | +25.0% |
| Q3 FY2020 | Sep 30, 2020 | $90.00M | +28.8% |
| Q2 FY2020 | Jun 30, 2020 | $82.10M | +21.8% |
| Q1 FY2020 | Mar 31, 2020 | $80.30M | +17.1% |
| Q4 FY2019 | Dec 31, 2019 | $71.20M | +8.7% |
| Q3 FY2019 | Sep 30, 2019 | $69.90M | +19.1% |
| Q2 FY2019 | Jun 30, 2019 | $67.40M | +10.1% |
| Q1 FY2019 | Mar 31, 2019 | $68.60M | +16.1% |
| Q4 FY2018 | Dec 31, 2018 | $65.50M | +19.7% |
| Q3 FY2018 | Sep 30, 2018 | $58.70M | +9.7% |
| Q2 FY2018 | Jun 30, 2018 | $61.20M | +19.5% |
| Q1 FY2018 | Mar 31, 2018 | $59.10M | +15.4% |
| Q4 FY2017 | Dec 31, 2017 | $54.70M | +19.9% |
| Q3 FY2017 | Sep 30, 2017 | $53.50M | – |
| Q2 FY2017 | Jun 30, 2017 | $51.20M | – |
| Q1 FY2017 | Mar 31, 2017 | $51.20M | – |
| Q4 FY2016 | Dec 31, 2016 | $45.61M | – |
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