FatPipe, Inc. (FATN)

FatPipe Financials Overview

Financials in millions USD. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	21.18	19.21	16.29	17.86	15.8	12.4
Revenue Growth	42.73%	17.92%	-8.80%	13.07%	27.41%	-
Gross Profit Gross Profit Growth	19.12	17.48	15.23	16.79	14.69	11.71
Operating Income Operating Income Growth	4.33	3.59	3.47	5.64	3.24	-0.22
Net Income Net Income Growth	6.69	4.97	1.97	4.37	2.91	0.48
Earnings Per Share EPS Growth	0.47	0.35	0.15	0.35	0.23	0.04
EPS Growth	1737.69%	133.33%	-57.23%	49.96%	501.95%	-

Revenue by Geography

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
United States United States Growth	20.71	18.51	15.4	17.05	14.6
Rest of The World Rest of The World Growth	0.47	0.7	0.88	0.81	1.19
Total Total Growth	21.18	19.21	16.29	17.86	15.8

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	3.1	5.21	2.92	1.11	1.08	1.38
Total Debt Total Debt Growth	5.33	5.71	6.59	2.83	2.63	0.94
Net Cash (Debt) Net Cash Growth	-2.22	-0.49	-3.67	-1.72	-1.55	0.43
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-0.16	-0.04	-0.29	-0.14	-0.12	0.03

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-2.46	-0.78	-0.5	-0.36	-1.84	-0.19
Capital Expenditures CapEx Growth	-0.02	-0.05	-0.02	-0.02	-0.16	-0.04
Free Cash Flow Free Cash Flow Growth	-2.48	-0.83	-0.52	-0.38	-2.01	-0.23
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	90.26%	91.00%	93.48%	94.01%	93.02%	94.42%
Operating Margin	20.46%	18.69%	21.31%	31.57%	20.51%	-1.81%
Pretax Margin	20.17%	18.15%	20.18%	31.34%	19.89%	3.93%
Profit Margin	31.57%	25.87%	12.07%	24.45%	18.43%	3.90%
FCF Margin	-11.70%	-4.34%	-3.22%	-2.14%	-12.70%	-1.82%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 13, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	9.74	6.84	-	-	-	-
Forward PE	12.27	25.68	-	-	-	-
PS Ratio	3.12	1.77	-	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Nov 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

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