FI

FatPipe, Inc. Common Stock

FATNยทNASDAQ

$7.92

+15%
TechnologySoftware - Infrastructure

FatPipe, Inc. develops secure software-defined wide area network (SD-WAN), secure access service edge (SASE), and network monitoring service (NMS) software solutions for organizations in the United States and internationally. The company offers SD-WAN, a network architecture solution that allows enterprises to utilize software and virtualization technologies to enhance the performance, security, and manageability of their WANs that connect offices, data centers, cloud applications, and cloud storage; SASE that provides virtual network and next generation security functions, which combine networking and next generation network security services into a single cloud-delivered solution; and NMS, a EnterpriseView reporting system for network monitoring that provides a platform to monitor an end-user's WAN, security compliance parameters, and the performance of FatPipe devices under management. It also provides technical support services, which includes implementation, configuration, and training services. The company offers its solutions to enterprises, communication service providers, security service providers, government organizations, and other middle-market companies. It sells its software solutions through a subscription-based model through a network of distributors, value-added resellers, internet service providers, and other third parties. The company was incorporated in 2009 and is based in Salt Lake City, Utah.FatPipe Networks, Inc. develops, manufactures, and markets router clustering products for wide area network (WAN) optimization, reliability, and security. The company provides IPVPN, a device for WAN optimization in private and public lines; MPVPN that provides VPN security, fault tolerance, and speed for critical VPNs; WARP, a solution for WAN redundancy, reliability, and increased bandwidth of data traffic directed from the network to the Internet, as well as data traffic directed to servers hosted internally; and XTREME, a high-speed router clustering device for WAN redundancy, reliability, load balancing, and speed for data traffic directed from the network to the Internet. It also offers WAN Optimization technology solutions; EnterpriseView for network administrators to monitor, manage, and maintain FatPipe devices from a central location; Symphony that offers software-defined WAN (SD-WAN) solution; SD-WAN for Azure that addresses connectivity issues for cloud-based real-time applications; and Cloud Connect that provides access to cloud services and centralized control of branch offices' web traffic. In addition, the company's solutions comprise premise managed, hosted managed, high bandwidth, multi-line WAN optimization, multi-path security, application control and visibility, hybrid multi line WAN, software-defined WAN, and secure hybrid WAN solutions, as well as FatPipe as a Service for MSPs. It serves markets, including healthcare benefits, hospital, hospitality, education, manufacturing, retail, publishing/media, financial, tax courts, government, government contractor, and government agency. The company markets and sells its products through a network of resellers, distributors, and dealers worldwide. FatPipe Networks, Inc. was formerly known as Ragula Systems, Inc. and changed its name to FatPipe Networks, Inc. in April 2004. The company was founded in 1989 and is based in Salt Lake City, Utah with operations in the United States, Nigeria, Philippines, Australia, India, and South Africa.

At a Glance

Live Snapshot
Market Cap$111.07M
EPS0.3600
P/E Ratio22.00
Earnings Date07/29/2026
3Y-58.0%
5Y+309.0%
10Y+309.0%
3Y-68.0%
5Y+37.0%
10Y+37.0%
3Y+97.0%
5Y-789.0%
10Y-789.0%
F

FatPipe, Inc. Common Stock Cash Conversion Engine

FATN ยท NASDAQ
Net Income3.96M
Depreciation & Amortization369.25K
Stock-Based Compensation770.22K
Change in Working Capital0.00
Others-5.88M
Capital Expenditures0.00
Free Cash Flow-780.39K

Cash Flow Quality Analysis

FCF Conversion Rate

-19.7%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

FCF Growth Trend

-49.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$0.00

Neutral working capital impact. Changes in current assets and liabilities balanced out.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

FatPipe, Inc. Common Stock Cash Flow Statement

FATN โ€ข NASDAQ

FatPipe, Inc. Common Stock Cash Flow StatementMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
OPERATING ACTIVITIES
4M
2M
4.3M
3.1M
454.2K
369.2K
545.7K
699.3K
582.3K
513.8K
770.2K
0.0
0.0
0.0
0.0
-5.9M
768.8K
257.6K
-1.2M
-315.9K
0.0
-3.8M
-5.6M
-4.4M
-842.6K
-780.4K
-504.1K
-363.4K
-1.8M
-190.6K
INVESTING ACTIVITIES
(0.0)
-16.8K
-19.2K
-163.5K
-35.4K
-52.5K
-3K
0.0
0.0
-2.9K
-52.5K
-19.8K
-19.2K
-163.5K
-38.4K
FINANCING ACTIVITIES
0.0
2.5M
85.7K
1.7M
-481.7K
3.3M
0.0
120K
0.0
0.0
3.3M
2.5M
205.7K
1.7M
-481.7K
CASH FLOW SUMMARY
-192K
-153.8K
212K
20.6K
-125.5K
0.0
1.8M
35K
-298.4K
-836.1K
2.9M
1.1M
1.1M
1.4M
2.2M
0.0
2.9M
1.1M
1.1M
1.4M
-780.4K
-523.9K
-382.6K
-2M
-229K

SEC Filings

FATN - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-K

10-K 2026 FY

FY

May 18, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 18, 2026
May 18, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 30, 2026
2026
8-K

8-K 2026

N/A

March 05, 2026
March 05, 2026
2026
10-Q

10-Q 2025 Q4

Q4

February 02, 2026
December 31, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 03, 2025
September 30, 2025
2025
10-Q

10-Q 2025 Q2

Q2

July 30, 2025
June 30, 2025
2025
10-K

10-K 2025 FY

FY

June 30, 2025
March 31, 2025
2025
8-K

8-K 2025

N/A

April 29, 2025
April 24, 2025
2025
8-K

8-K 2025

N/A

April 11, 2025
April 07, 2025
2025
Showing 1 to 10 of 17 filings