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+22.0%
5Y+55.0%
10Y+55.0%
3Y+71.0%
5Y+927.0%
10Y+927.0%
3Y-58.0%
5Y+309.0%
10Y+309.0%
FI

FatPipe, Inc. Common Stock Profit Bridge

FATN ยท NASDAQ
Revenue19.21M
Cost of Goods Sold (1.73M)
Gross Profit17.48M
Operating Expenses (12.16M)
Operating Income3.59M
Interest Expense (-475.07K)
Other Income/Expense-103.01K
Pretax Income3.49M
Income Tax (1.48M)
Net Income4.97M
Net Income
4.97M

Profitability Analysis

Gross Margin

91.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

18.7%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

25.9%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

42.6%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

FatPipe, Inc. Common Stock Income Statement

FATN โ€ข NASDAQ

FatPipe, Inc. Common Stock Income StatementMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
REVENUE
19.2M
16.3M
17.9M
15.8M
12.4M
GROSS PROFIT
(1.7M)
(1.1M)
(1.1M)
(1.1M)
(691.6K)
17.5M
15.2M
16.8M
14.7M
11.7M
OPERATING INCOME
(12.2M)
(11.8M)
(11.2M)
(11.5M)
(11.9M)
(9.6M)
(10M)
(9.4M)
(9.7M)
(10.3M)
(1.9M)
(1.8M)
(1.7M)
(1.8M)
(1.6M)
3.6M
3.5M
5.6M
3.2M
-224.1K
PRE-TAX INCOME
-475.1K
(329.9K)
(302.1K)
(107.1K)
(31.3K)
0.0
-287.2K
-274.9K
-107K
53K
(705.6K)
(0.0)
(0.0)
(0.0)
-1.0
-103K
-184K
-40K
-97.9K
711K
3.5M
3.3M
5.6M
3.1M
486.9K
NET INCOME
(1.5M)
(1.3M)
(1.3M)
(255.5K)
(32.7K)
5M
2M
4.4M
2.9M
483.7K

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