As of Q4'25, FTNT reported Cash & Short-term Investments of USD 3.58B and Debt of USD 996.3M. The latest figures indicate a strong liquidity position, with cash holdings significantly exceeding debt at the end of the period. Over the period from Q1'23 to Q4'25, FTNT's Cash & Short-term Investments displayed notable volatility, peaking at USD 4.78B in Q1'25 before declining to USD 3.58B by Q4'25. In contrast, Debt levels remained remarkably stable, gradually increasing from USD 990.9M to USD 996.3M. The overall trend suggests prudent debt management alongside fluctuating but generally robust cash reserves.