Fortinet, Inc. R&D Expense 2009-2025 | FTNT
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is Fortinet, Inc.'s current r&d expense?
Fortinet, Inc. (FTNT) annual r&d expense for 2024 was $716.8M, a 16.78% increase from 2023. Fortinet, Inc. r&d expense for the quarter ending September 30, 2025 was $202.4M.
What was Fortinet, Inc.'s r&d expense in 2023?
Fortinet, Inc. annual r&d expense for 2023 was $613.8M, a 19.79% increase from 2022.
What was Fortinet, Inc.'s r&d expense in 2022?
Fortinet, Inc. annual r&d expense for 2022 was $512.4M, a 20.79% increase from 2021.
What is Fortinet, Inc.'s 5-year r&d expense CAGR?
Fortinet, Inc. r&d expense grew at a compound annual growth rate (CAGR) of 20.94% from FY2019 to FY2024, going from $277.1M to $716.8M over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Growing
CAGR+20.9%
FY2019
$277.1M
→
FY2024
$716.8M
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $716.8M | +16.8% | 10-K |
| FY2023 | $613.8M | +19.8% | 10-K |
| FY2022 | $512.4M | +20.8% | 10-K |
| FY2021 | $424.2M | +24.3% | 10-K |
| FY2020 | $341.4M | +23.2% | 10-K |
| FY2019 | $277.1M | +13.3% | 10-K |
| FY2018 | $244.5M | +16.1% | 10-K |
| FY2017 | $210.6M | +15.0% | 10-K |
| FY2016 | $183.1M | +15.8% | 10-K |
| FY2015 | $158.1M | +28.7% | 10-K |
| FY2014 | $122.9M | +19.7% | 10-K |
| FY2013 | $102.7M | +26.6% | 10-K |
| FY2012 | $81.1M | +27.5% | 10-K |
| FY2011 | $63.6M | +27.7% | 10-K |
| FY2010 | $49.8M | +18.0% | 10-K |
| FY2009 | $42.2M | - | 10-K |
Company: Fortinet, Inc.Ticker: FTNTSector: TechnologyIndustry: Computer Peripheral Equipment, NECView company profile →