Fortinet (FTNT) r&d spend was $816M in FY2025 (+14% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$816M
+14%
2024
$717M
+17%
2023
$614M
+20%
2022
$512M
+21%
2021
$424M
+24%
2020
$341M
+23%
2019
$277M
+13%
2018
$244M
+16%
2017
$211M
+15%
2016
$183M
+16%
2015
$158M
+29%
2014
$123M
+20%
2013
$103M
+27%
2012
$81M
+28%
2011
$64M
+28%
2010
$50M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$214M
Q4 2025
$205M
Q3 2025
$202M
Q2 2025
$210M
Q1 2025
$199M
Q4 2024
$191M
Q3 2024
$187M
Q2 2024
$165M
Q1 2024
$173M
Q4 2023
$152M
Q3 2023
$157M
Q2 2023
$153M
Source: FTNT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.