As of Q1'26, Fortinet's cash and short-term investments stood at $3.29B, reflecting a decline from the previous quarter's $3.58B, while debt decreased sharply to $497M from $996M, resulting in a net cash position of approximately $2.79B. Over the period from Q2'23 to Q1'26, cash and short-term investments exhibited overall growth from $3.31B to a peak of $4.78B in Q1'25, followed by volatility with a notable drop to $3.12B in Q3'25 before stabilizing around $3.3B; debt remained relatively stable at around $1B until a significant reduction in Q1'26, enhancing the company's liquidity and reducing leverage throughout the timeframe.