FatPipe, Inc. (FATN)

FatPipe Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue	15.78	16.29	17.86	15.8	12.4
Revenue Growth (YoY)	-11.67%	-8.80%	13.07%	27.41%	-
Cost of Revenue	1.21	1.06	1.07	1.1	0.69
Gross Profit	14.56	15.23	16.79	14.69	11.71
Selling, General & Admin	8.36	7.18	6.55	6.98	7.46
Research & Development	1.9	1.79	1.74	1.8	1.63
Other Operating Expenses	2.74	2.79	2.87	2.68	2.83
Total Operating Expenses	13	11.76	11.15	11.45	11.93
Operating Income	1.57	3.47	5.64	3.24	-0.22
Interest Income	0.11	0.04	0.03	0	0.08
Interest Expense	-0.34	-0.33	-0.3	-0.11	-0.03
Other Non-Operating Income (Expense)	0.16	0.1	0.23	0.01	0.66
Total Non-Operating Income (Expense)	-0.07	-0.18	-0.04	-0.1	0.71
Pretax Income	1.49	3.29	5.6	3.14	0.49
Provision for Income Taxes	0.81	1.29	1.44	0.26	0.03
Net Income	0.65	1.97	4.37	2.91	0.48
Minority Interest in Earnings	-0.01	-0.01	-0.09	-0.03	-0.03
Net Income to Common	0.65	1.97	4.37	2.91	0.48
Net Income Growth	-85.03%	-54.97%	49.96%	501.95%	-
Shares Outstanding (Basic)	14	13	12	12	12
Shares Outstanding (Diluted)	14	13	12	12	12
Shares Change (YoY)	9.78%	3.29%	-	-	-
EPS (Basic)	0.04	0.15	0.35	0.23	0.04
EPS (Diluted)	0.04	0.15	0.35	0.23	0.04
EPS Growth	-88.57%	-57.14%	52.17%	475.00%	-
Shares Outstanding	13.92	13.03	12.45	12.45	12.45
Free Cash Flow	-0.11	-0.52	-0.38	-2.01	-0.23
Free Cash Flow Per Share	-0.01	-0.04	-0.03	-0.16	-0.02
Gross Margin	92.32%	93.48%	94.01%	93.02%	94.42%
Operating Margin	9.94%	21.31%	31.57%	20.51%	-1.81%
Profit Margin	4.06%	11.99%	23.96%	18.27%	3.66%
FCF Margin	-0.67%	-3.20%	-2.14%	-12.70%	-1.82%
EBITDA	2.01	4.02	6.34	3.82	0.29
EBITDA Margin	12.76%	24.66%	35.48%	24.19%	2.34%
EBIT	1.57	3.47	5.64	3.24	-0.22
EBIT Margin	9.94%	21.31%	31.57%	20.51%	-1.81%
Effective Tax Rate	54.41%	39.37%	25.65%	8.13%	6.71%

Updated Feb 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q