FTNT · 10-Q · 2026Q3 · Full report

Operating Cash Flow Trends

Fortinet, Inc. · 2026-10-30 · Importance 79 · Surprise 64 · In source text

Operating activities provided $3.07 billion in cash during the nine months ended September 30, 2026, compared with $1.97 billion in the prior-year period. The increase reflected continued business growth, improved profitability, and working-capital management. Operating asset and liability changes included a $493.6 million increase in non-current deferred revenue and a $370.1 million increase in deferred contract costs, primarily sales commissions.

Key facts

• Fortinet operating cash flows were $3.07 billion for the nine months ended September 30, 2026, an increase of $1.10 billion, or 56%, year over year. source
• Fortinet's operating cash flow was $946.0 million for the three months and $3,066.7 million for the nine months ended September 30, 2026. source
• Fortinet free cash flow was $864.8 million for the three months and $2,836.9 million for the nine months ended September 30, 2026. source
• Fortinet net cash provided by operating activities was $3,066.7 million in the nine months ended September 30, 2026, compared with $1,970.4 million in the same period in 2025. source
• Fortinet operating activities provided $3.07 billion of cash in the nine months ended September 30, 2026, reflecting business growth, improved profitability, and working-capital management. source
• In the nine months ended September 30, 2026, Fortinet's non-current deferred revenue increased $493.6 million and deferred contract costs increased $370.1 million, primarily consisting of sales commissions. source

Impact estimates