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FatPipe(NASDAQ) FATN

Market Cap$63.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2025)-65%
5 YearN/A
1 Year-44%
1 Month-17%
$5.22
+15.74%
+0.71Today
FatPipe last closing stock price
MetricPriceDate
Last closeUSD 4.512026-07-24
FatPipe stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.66%USD 4.542026-07-17
1 month-17.1%USD 5.442026-06-24
3 month+125.5%USD 2.002026-04-24
Year to date+123.27%USD 2.022025-12-31
1 year-43.73%USD 8.022025-07-24
Since inception-65.31%USD 13.002025-04-08

FatPipe Financials at a Glance

Market Cap

$63.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$19.21M

Net Income (TTM)

$4.97M

EPS (TTM)

$0.36

P/E Ratio

12.69

Dividend

$0.00

Beta (Volatility)

0.00 (Low)

Price

$5.22

Volume

129,129.717

Open

$4.61

Previous Close

$5.21

Daily Range

$4.50 - $5.43

52-Week Range

$1.31 - $10.77

Estimated Earnings Date

Jul 29, 2026

FATN News

No articles available.

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About FatPipe

FatPipe helps companies connect offices and cloud services securely and reliably. Its software manages network traffic, improves security, and monitors performance. Hospitals, banks, and schools use FatPipe to keep their networks running smoothly.

Products and Services

  • SD-WAN (60.8% revenue): Software that manages and optimizes company networks across locations.
  • SASE: Cloud-based service combining network management and security for remote access.
  • NMS: Platform for monitoring network health and device performance.
  • Consulting (15% revenue): Technical support, training, and network setup for clients.
  • Router Clustering: Hardware and software for network reliability and faster data flow.

Growth and Expansion

  • IPO in April 2025 raised $4.5 million for expansion.
  • Entered South Asia in or before 2025 and plans to expand its presence in Mexico and Southeast Asia.
  • FatPipe is in discussions to offer regional software bundles for different markets.

What Makes FatPipe Stand Out

FatPipe holds thirteen patents for its network technology. Its products support both cloud and on-site networks, serving clients in healthcare, finance, and government. The company uses a subscription model and sells mainly through partners and resellers.

Five Things You Need to Know

  • Revenue was $3.94 million in Q2 2025, up 5% from Q2 2024.
  • Gross margin reached 94% in Q2 2025, up from 92% a year earlier.
  • Net income was $741,195 in Q2 2025, up 21.6% year-over-year.
  • Cash and equivalents were $5.91 million as of June 30, 2025.

Bottom Line

FatPipe has grown by expanding its product range and entering new markets. Its focus on secure, managed networks supports steady revenue and strong margins.

AI Generated • Apr 16, 2026

Industry

Software

Sector

Information Technology

Employees

172

CEO

Ragula Bhaskar, PhD

Website

www.fatpipeinc.com

Headquarters

Salt Lake City, UT 84107, US

FATN Financials

Key Financial Metrics (TTM)

Gross Margin

87.19%

Operating Margin

18.69%

Net Income Margin

25.87%

Return on Equity

22.65%

Return on Capital

11.61%

Return on Assets

14.40%

Earnings Yield

7.88%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$63.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

14.03M

Volume

129.13K

Avg. Volume

1.17M

Financials (TTM)

Gross Profit

$16.75M

Operating Income

$3.59M

EBITDA

$4.33M

Operating Cash Flow

-$780.39K

Capital Expenditure

-$50.96K

Free Cash Flow

-$831.36K

Cash & ST Invst.

$5.21M

Total Debt

$5.71M

FatPipe Performance Analysis

FatPipe annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-03-31USD 15,795,742N/A
20242024-03-31USD 17,860,90913.1%
20252025-03-31USD 16,288,881-8.8%
20262026-03-31USD 19,208,29417.9%
FatPipe sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-06-3025.0%
Q22025-09-300.6%
Q32025-12-313.2%
Q42026-03-3176.8%
FatPipe annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-03-31USD 0.21N/A
20242024-03-31USD 0.3250.0%
20252025-03-31USD 0.14-55.3%
20262026-03-31USD 0.35149.1%
FatPipe sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q12025-06-30693.7%
Q22025-09-30-106.2%
Q32025-12-31819.4%
Q42026-03-311155.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2025YOY CHG

Revenue

$7.23M

+129.5%

Gross Profit

$5.81M

+109.8%

Gross Margin

80.40%

N/A

Market Cap

$63.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$367.76K

N/A

Employees

172

N/A

Net Income

$3.96M

+4595.2%

EBITDA

$2.43M

+515.1%

Quarterly Fundamentals

Name
Q4 2025YOY CHG

Total Cash

$5.21M

+78.6%

Total Debt

$5.71M

-13.3%

Accounts Receivable

$26.46M

+195.4%

Inventory

$445.84K

+6.2%

Long Term Debt

$4.92M

-14.6%

Short Term Debt

$792.80K

-4.5%

Return on Assets

14.40%

N/A

Return on Invested Capital

11.86%

N/A

Free Cash Flow

-$921.04K

-367.6%

Operating Cash Flow

-$912.53K

-380.3%

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Questions About FATN

What is the current price of FatPipe?

FatPipe is trading at $5.21 per share.

What is the 52-week range for FatPipe?

Over the past 52 weeks, FatPipe has traded between $1.31 and $10.77.

How much debt does FatPipe have?

As of the most recent reporting period, FatPipe reported total debt of $5.76M.

How much cash does FatPipe have on hand?

FatPipe reported $5.21M in cash and cash equivalents in its most recent financial results.

What is FatPipe’s dividend yield?

FatPipe does not currently have a dividend yield.

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