FatPipe, Inc. (FATN)

NASDAQ: FATN · Real-Time Price · USD

5.58

+0.05 (0.90%)

At close: Oct 2, 2026, 4:00 PM EDT

5.60

+0.02 (0.36%)

After-hours: Oct 2, 2026, 7:30 PM EDT

FatPipe Financials Overview

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

Millions USD. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	20.3	19.21	16.29	17.86	15.8	12.4
Revenue Growth	23.24%	17.92%	-8.80%	13.07%	27.41%	-
Gross Profit	18.41	17.48	15.23	16.79	14.69	11.71
Operating Income	3.49	3.59	3.47	5.64	3.24	-0.22
Net Income	5.44	4.97	1.97	4.37	2.91	0.48
Earnings Per Share	0.39	0.35	0.15	0.35	0.23	0.04
EPS Growth	157.72%	133.33%	-57.23%	49.96%	501.95%	-

Revenue by Geography

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
United States	19.51	18.51	15.4	17.05	14.6
Rest of The World	0.79	0.7	0.88	0.81	1.19
Total	20.3	19.21	16.29	17.86	15.8

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Investments	4.31	5.21	2.92	1.11	1.08	1.38
Total Debt	5.52	5.71	6.59	2.83	2.63	0.94
Net Cash (Debt)	-1.21	-0.49	-3.67	-1.72	-1.55	0.43
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.09	-0.04	-0.29	-0.14	-0.12	0.03

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Cash Flow	-0.95	-0.78	-0.5	-0.36	-1.84	-0.19
Capital Expenditures	-0.01	-0.05	-0.02	-0.02	-0.16	-0.04
Free Cash Flow	-0.97	-0.83	-0.52	-0.38	-2.01	-0.23
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Gross Margin	90.68%	91.00%	93.48%	94.01%	93.02%	94.42%
Operating Margin	17.18%	18.69%	21.31%	31.57%	20.51%	-1.81%
Pretax Margin	16.67%	18.15%	20.18%	31.34%	19.89%	3.93%
Profit Margin	26.80%	25.87%	12.07%	24.45%	18.43%	3.90%
FCF Margin	-4.75%	-4.34%	-3.22%	-2.14%	-12.70%	-1.82%

Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '26 Oct 4, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
PE Ratio	14.33	6.84	-	-	-	-
Forward PE	14.04	25.68	-	-	-	-
PS Ratio	3.88	1.77	-	-	-	-