FTNT · 10-Q · 2026Q3 · Full report

Liquidity and Cash Position

Fortinet, Inc. · 2026-10-30 · Importance 69 · Surprise 64 · Matches filing data

At September 30, 2026, Fortinet held $5.32 billion in cash, cash equivalents, and investments, up from $3.92 billion at December 31, 2025; working capital rose to $2.02 billion from $866.2 million. Operating activities generated $3.07 billion during the first nine months of 2026, compared with $1.97 billion a year earlier, reflecting business growth, improved profitability, and working-capital management. Moody’s upgraded certain credit ratings to A3 from Baa1 in July 2026 and assigned a Stable outlook, while S&P ratings remained BBB+ with a Stable outlook.

Key facts

• Fortinet had $5.32 billion in cash, cash equivalents, and short- and long-term investments as of September 30, 2026. source
• Fortinet total cash, cash equivalents, and investments were $5,318.4 million at September 30, 2026, compared with $3,922.2 million at December 31, 2025. source
• Fortinet cash and cash equivalents were $3,750.6 million at September 30, 2026, compared with $2,495.3 million at December 31, 2025. source
• Moody's upgraded certain Fortinet credit ratings to A3 from Baa1 in July 2026 and changed the outlook to Stable from Positive; Fortinet's S&P ratings remained BBB+ with a Stable outlook. source
• Fortinet working capital was $2,020.5 million at September 30, 2026, compared with $866.2 million at December 31, 2025. source

Impact estimates