Go Pro
→ Ticker Revealed: Pre-IPO Access to 'Next Elon Musk' Company (From Banyan Hill Publishing) (Ad)tc pixel Free FATN Stock Alerts

Fatpipe Inc/UT (FATN) Financials

Fatpipe Inc/UT logo
$4.54 -0.27 (-5.61%)
Closing price 07/16/2026 04:00 PM Eastern
Extended Trading
$4.50 -0.04 (-0.88%)
As of 06:53 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Fatpipe Inc/UT

Annual Income Statements for Fatpipe Inc/UT

This table shows Fatpipe Inc/UT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2025 2026
Period end date 3/31/2024 3/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 4.37 1.97 4.97
Consolidated Net Income / (Loss)		 4.28 1.95 4.97
Net Income / (Loss) Continuing Operations		 4.28 1.95 4.97
Total Pre-Tax Income 		5.60 3.29 3.49
Total Operating Income		 5.64 3.47 3.59
Total Gross Profit		 17 15 17
Total Revenue		 18 16 19
Operating Revenue		 18 16 19
Total Cost of Revenue		 1.07 1.06 1.73
Operating Cost of Revenue		 1.07 1.06 1.73
Total Operating Expenses		 11 12 14
Selling, General & Admin Expense		 3.15 3.42 4.76
Marketing Expense		 3.40 3.75 4.79
Research & Development Expense		 1.74 1.79 1.91
Other Operating Expenses / (Income)		 2.87 2.79 2.43
Total Other Income / (Expense), net		 -0.04 -0.18 -0.10
Interest Expense		 0.30 0.33 0.48
Interest & Investment Income		 0.03 0.04 0.13
Other Income / (Expense), net		 0.23 0.10 0.25
Income Tax Expense		 1.44 1.29 -1.48
Other Gains / (Losses), net		 0.12 -0.04 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.09 -0.01 0.00
Basic Earnings per Share		 $0.35 $0.15 $0.36
Weighted Average Basic Shares Outstanding		 12.45M 12.86M 13.88M
Diluted Earnings per Share		 $0.35 $0.15 $0.35
Weighted Average Diluted Shares Outstanding		 12.45M 12.86M 14.01M
Weighted Average Basic & Diluted Shares Outstanding		 - - 14.02M

Quarterly Income Statements for Fatpipe Inc/UT

This table shows Fatpipe Inc/UT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.63 1.61 0.07 -0.34 0.74 -0.04 0.31 3.96
Consolidated Net Income / (Loss)		 0.61 1.63 0.08 -0.37 0.74 -0.04 0.31 3.96
Net Income / (Loss) Continuing Operations		 0.61 1.63 0.08 -0.37 0.74 -0.04 0.31 3.96
Total Pre-Tax Income 		0.77 2.18 0.14 0.19 0.96 -0.06 0.40 2.19
Total Operating Income		 0.86 2.26 0.18 0.16 1.00 -0.00 0.40 2.19
Total Gross Profit		 3.47 5.37 2.77 3.63 3.71 3.65 3.58 6.54
Total Revenue		 3.75 5.60 3.15 3.79 3.94 3.96 4.09 7.23
Operating Revenue		 3.75 5.60 3.15 3.79 3.94 3.96 4.09 7.23
Total Cost of Revenue		 0.28 0.23 0.38 0.17 0.23 0.31 0.50 0.68
Operating Cost of Revenue		 0.28 0.23 0.38 0.17 0.23 0.31 0.50 0.68
Total Operating Expenses		 2.61 3.10 2.58 3.46 2.71 3.65 3.18 4.36
Selling, General & Admin Expense		 0.58 1.18 0.57 1.08 0.59 1.39 0.83 1.95
Marketing Expense		 1.01 0.92 0.89 0.93 1.05 1.20 1.28 1.25
Research & Development Expense		 0.42 0.44 0.45 0.48 0.47 0.49 0.45 0.49
Other Operating Expenses / (Income)		 0.59 0.56 0.67 0.97 0.59 0.56 0.62 0.66
Total Other Income / (Expense), net		 -0.09 -0.08 -0.04 0.03 -0.05 -0.06 -0.00 0.00
Interest Expense		 0.09 0.09 0.12 0.04 0.07 0.13 0.10 0.18
Interest & Investment Income		 0.03 -0.02 0.02 0.02 0.01 0.04 0.04 0.04
Other Income / (Expense), net		 -0.03 0.02 0.06 0.05 0.02 0.03 0.06 0.14
Income Tax Expense		 0.16 0.55 0.06 0.52 0.22 -0.01 0.09 -1.78
Basic Earnings per Share		 $0.05 $0.13 $0.01 ($0.04) $0.05 $0.00 $0.02 $0.29
Weighted Average Basic Shares Outstanding		 12.45M 12.74M 13.03M 12.86M 13.83M 13.89M 13.92M 13.88M
Diluted Earnings per Share		 $0.05 $0.13 $0.01 ($0.04) $0.05 $0.00 $0.02 $0.28
Weighted Average Diluted Shares Outstanding		 12.45M 12.74M 13.03M 12.86M 13.83M 13.89M 13.92M 14.01M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 0.00 13.83M 13.92M 13.92M 14.02M

Annual Cash Flow Statements for Fatpipe Inc/UT

This table details how cash moves in and out of Fatpipe Inc/UT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2025 2026
Period end date 3/31/2024 3/31/2025 3/31/2026
Net Change in Cash & Equivalents		 0.04 1.81 2.29
Net Cash From Operating Activities		 -0.36 -0.50 -0.78
Net Cash From Continuing Operating Activities		 -0.36 -0.50 -0.78
Net Income / (Loss) Continuing Operations		 4.28 1.95 4.97
Consolidated Net Income / (Loss)		 4.28 1.95 4.97
Depreciation Expense		 0.70 0.55 0.37
Non-Cash Adjustments To Reconcile Net Income		 -6.54 -2.68 -3.70
Changes in Operating Assets and Liabilities, net		 1.20 -0.32 -2.42
Net Cash From Investing Activities		 -0.02 -0.02 -0.05
Net Cash From Continuing Investing Activities		 -0.02 -0.02 -0.05
Purchase of Property, Plant & Equipment		 -0.02 -0.02 -0.05
Net Cash From Financing Activities		 0.21 2.49 3.32
Net Cash From Continuing Financing Activities		 0.21 2.49 3.32
Repayment of Debt		 0.00 -3.03 -0.42
Issuance of Debt		 0.62 5.51 0.00
Issuance of Common Equity		 - 0.00 3.74
Effect of Exchange Rate Changes		 0.21 -0.15 -0.19
Cash Interest Paid		 0.30 0.33 0.48
Cash Income Taxes Paid		 - 0.00 0.00

Quarterly Cash Flow Statements for Fatpipe Inc/UT

This table details how cash moves in and out of Fatpipe Inc/UT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.34 0.08 0.77 1.30 2.99 0.32 -0.07 -0.95
Net Cash From Operating Activities		 -0.25 0.05 -0.11 -0.19 -0.51 0.40 0.24 -0.91
Net Cash From Continuing Operating Activities		 -0.25 0.05 -0.11 -0.19 -0.51 0.40 0.24 -0.91
Net Income / (Loss) Continuing Operations		 0.61 1.63 0.08 -0.37 0.74 -0.04 0.31 3.96
Consolidated Net Income / (Loss)		 0.61 1.63 0.08 -0.37 0.74 -0.04 0.31 3.96
Depreciation Expense		 0.13 0.13 0.13 0.15 0.09 0.10 0.10 0.07
Non-Cash Adjustments To Reconcile Net Income		 -0.50 -0.76 -1.63 0.21 -0.72 0.61 -0.78 -2.81
Changes in Operating Assets and Liabilities, net		 -0.50 -0.95 1.30 -0.18 -0.62 -0.27 0.60 -2.13
Net Cash From Investing Activities		 -0.00 0.02 -0.02 -0.01 -0.04 0.01 -0.01 -0.01
Net Cash From Continuing Investing Activities		 -0.00 0.02 -0.02 -0.01 -0.04 0.01 -0.01 -0.01
Purchase of Property, Plant & Equipment		 -0.00 0.01 -0.02 -0.01 -0.04 0.01 -0.01 -0.01
Net Cash From Financing Activities		 0.00 -0.09 0.60 1.97 3.59 -0.01 -0.29 0.02
Net Cash From Continuing Financing Activities		 0.00 -0.09 0.60 1.97 3.59 -0.01 -0.29 0.02
Repayment of Debt		 0.00 - - -3.03 -0.19 -0.10 -0.16 0.02
Issuance of Common Equity		 0.00 - - - 3.78 0.08 -0.13 -0.00
Effect of Exchange Rate Changes		 -0.09 0.10 0.30 -0.47 -0.06 -0.07 -0.01 -0.05
Cash Interest Paid		 0.30 -0.13 0.12 0.04 0.07 0.13 0.10 0.18

Annual Balance Sheets for Fatpipe Inc/UT

This table presents Fatpipe Inc/UT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025 2026
Period end date 3/31/2024 3/31/2025 3/31/2026
Total Assets		 21 28 35
Total Current Assets		 9.34 13 16
Cash & Equivalents		 1.11 2.92 5.21
Accounts Receivable		 3.16 3.76 4.30
Inventories, net		 0.11 0.42 0.45
Other Current Assets		 4.95 5.86 6.50
Plant, Property, & Equipment, net		 0.08 0.06 0.10
Total Noncurrent Assets		 12 15 18
Intangible Assets		 1.56 1.05 0.69
Noncurrent Deferred & Refundable Income Taxes		 0.12 0.08 0.08
Other Noncurrent Operating Assets		 10 14 17
Total Liabilities & Shareholders' Equity		 21 28 35
Total Liabilities		 7.39 12 9.31
Total Current Liabilities		 4.72 6.49 4.27
Short-Term Debt		 0.12 0.46 0.39
Accounts Payable		 0.42 0.44 0.39
Accrued Expenses		 2.50 3.86 1.99
Current Deferred Revenue		 1.52 1.36 1.09
Other Current Liabilities		 0.16 0.37 0.40
Total Noncurrent Liabilities		 2.67 5.87 5.04
Long-Term Debt		 2.50 4.64 4.23
Other Noncurrent Operating Liabilities		 0.17 1.23 0.80
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 14 16 25
Total Preferred & Common Equity		 14 16 25
Total Common Equity		 14 16 25
Common Stock		 1.64 1.72 6.23
Retained Earnings		 9.04 11 16
Accumulated Other Comprehensive Income / (Loss)		 3.25 3.10 2.91

Quarterly Balance Sheets for Fatpipe Inc/UT

This table presents Fatpipe Inc/UT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2025 9/30/2025 12/31/2025
Total Assets		 32 32 32
Total Current Assets		 16 17 17
Cash & Equivalents		 5.91 6.23 6.16
Accounts Receivable		 3.97 4.33 4.41
Inventories, net		 0.41 0.33 0.17
Other Current Assets		 6.06 5.71 5.82
Plant, Property, & Equipment, net		 0.09 0.09 0.09
Total Noncurrent Assets		 16 16 16
Intangible Assets		 0.96 0.86 0.76
Noncurrent Deferred & Refundable Income Taxes		 0.08 0.08 0.08
Other Noncurrent Operating Assets		 15 15 15
Total Liabilities & Shareholders' Equity		 32 32 32
Total Liabilities		 12 11 11
Total Current Liabilities		 6.30 6.05 6.12
Short-Term Debt		 0.73 0.58 0.42
Accounts Payable		 0.31 0.29 0.35
Accrued Expenses		 3.67 3.70 3.86
Current Deferred Revenue		 1.22 1.10 1.10
Other Current Liabilities		 0.38 0.38 0.39
Total Noncurrent Liabilities		 5.32 5.20 5.09
Long-Term Debt		 4.18 4.18 4.18
Other Noncurrent Operating Liabilities		 1.14 1.02 0.91
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 20 21 21
Total Preferred & Common Equity		 20 21 21
Total Common Equity		 20 21 21
Common Stock		 5.50 6.21 6.09
Retained Earnings		 12 12 12
Accumulated Other Comprehensive Income / (Loss)		 3.05 2.97 2.96

Annual Metrics And Ratios for Fatpipe Inc/UT

This table displays calculated financial ratios and metrics derived from Fatpipe Inc/UT's official financial filings.

Metric 2024 2025 2026
Period end date 3/31/2024 3/31/2025 3/31/2026
DEI Shares Outstanding		 0.00 0.00 13,924,468.00
DEI Adjusted Shares Outstanding		 0.00 0.00 13,924,468.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.36
Growth Metrics		 - - -
Revenue Growth		 0.00% -8.80% 17.92%
EBITDA Growth		 0.00% -37.30% 2.06%
EBIT Growth		 0.00% -39.13% 7.31%
NOPAT Growth		 0.00% -49.79% 143.08%
Net Income Growth		 0.00% -54.37% 154.49%
EPS Growth		 0.00% -57.14% 133.33%
Operating Cash Flow Growth		 0.00% -38.71% -54.80%
Free Cash Flow Firm Growth		 0.00% 0.00% -212.08%
Invested Capital Growth		 0.00% 16.41% 35.97%
Revenue Q/Q Growth		 0.00% 0.00% 21.75%
EBITDA Q/Q Growth		 0.00% 0.00% 93.69%
EBIT Q/Q Growth		 0.00% 0.00% 122.26%
NOPAT Q/Q Growth		 0.00% 0.00% 615.78%
Net Income Q/Q Growth		 0.00% 0.00% 676.23%
EPS Q/Q Growth		 0.00% 0.00% 1,066.67%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -1,249.18%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 25.65%
Profitability Metrics		 - - -
Gross Margin		 94.01% 93.48% 91.00%
EBITDA Margin		 36.80% 25.30% 21.89%
Operating Margin		 31.57% 21.31% 18.69%
EBIT Margin		 32.88% 21.95% 19.97%
Profit (Net Income) Margin		 23.96% 11.99% 25.87%
Tax Burden Percent		 76.45% 59.40% 142.55%
Interest Burden Percent		 95.32% 91.97% 90.88%
Effective Tax Rate		 25.65% 39.37% -42.55%
Return on Invested Capital (ROIC)		 26.94% 12.50% 23.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 32.76% 4.27% 5.53%
Return on Net Nonoperating Assets (RNNOA)		 3.52% 0.53% 0.21%
Return on Equity (ROE)		 30.46% 13.03% 24.16%
Cash Return on Invested Capital (CROIC)		 0.00% -2.66% -6.54%
Operating Return on Assets (OROA)		 27.40% 14.38% 12.22%
Return on Assets (ROA)		 19.96% 7.85% 15.83%
Return on Common Equity (ROCE)		 30.22% 12.98% 24.16%
Return on Equity Simple (ROE_SIMPLE)		 30.71% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 4.19 2.11 5.12
NOPAT Margin		 23.47% 12.92% 26.64%
Net Nonoperating Expense Percent (NNEP)		 -5.82% 8.24% 18.42%
Return On Investment Capital (ROIC_SIMPLE)		 25.15% 10.01% 17.15%
Cost of Revenue to Revenue		 5.99% 6.52% 9.00%
SG&A Expenses to Revenue		 17.65% 21.01% 24.78%
R&D to Revenue		 9.73% 10.97% 9.92%
Operating Expenses to Revenue		 62.44% 72.17% 72.32%
Earnings before Interest and Taxes (EBIT)		 5.87 3.57 3.84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6.57 4.12 4.21
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.29 0.25 1.36
Price to Tangible Book Value (P/TBV)		 0.32 0.27 1.39
Price to Revenue (P/Rev)		 0.22 0.25 1.78
Price to Earnings (P/E)		 0.92 2.03 6.88
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 109.17% 49.16% 14.54%
Enterprise Value to Invested Capital (EV/IC)		 0.36 0.34 1.36
Enterprise Value to Revenue (EV/Rev)		 0.31 0.38 1.75
Enterprise Value to EBITDA (EV/EBITDA)		 0.86 1.50 7.99
Enterprise Value to EBIT (EV/EBIT)		 0.96 1.73 8.75
Enterprise Value to NOPAT (EV/NOPAT)		 1.34 2.94 6.56
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.19 0.32 0.18
Long-Term Debt to Equity		 0.18 0.29 0.17
Financial Leverage		 0.11 0.12 0.04
Leverage Ratio		 1.53 1.66 1.53
Compound Leverage Factor		 1.45 1.53 1.39
Debt to Total Capital		 15.72% 24.28% 15.50%
Short-Term Debt to Total Capital		 0.72% 2.20% 1.31%
Long-Term Debt to Total Capital		 15.00% 22.07% 14.19%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.68% 0.00% 0.00%
Common Equity to Total Capital		 83.61% 75.72% 84.50%
Debt to EBITDA		 0.40 1.24 1.10
Net Debt to EBITDA		 0.23 0.53 -0.14
Long-Term Debt to EBITDA		 0.38 1.13 1.01
Debt to NOPAT		 0.63 2.43 0.90
Net Debt to NOPAT		 0.36 1.04 -0.12
Long-Term Debt to NOPAT		 0.60 2.21 0.83
Altman Z-Score		 2.91 2.01 4.20
Noncontrolling Interest Sharing Ratio		 0.80% 0.38% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 1.98 2.00 3.85
Quick Ratio		 0.91 1.03 2.23
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 -0.45 -1.40
Operating Cash Flow to CapEx		 -1,894.02% -2,550.98% -1,486.94%
Free Cash Flow to Firm to Interest Expense		 0.00 -1.36 -2.94
Operating Cash Flow to Interest Expense		 -1.20 -1.53 -1.64
Operating Cash Flow Less CapEx to Interest Expense		 -1.27 -1.59 -1.75
Efficiency Ratios		 - - -
Asset Turnover		 0.83 0.66 0.61
Accounts Receivable Turnover		 5.65 4.70 4.77
Inventory Turnover		 9.42 3.98 3.99
Fixed Asset Turnover		 236.57 244.32 250.52
Accounts Payable Turnover		 2.56 2.48 4.18
Days Sales Outstanding (DSO)		 64.65 77.63 76.58
Days Inventory Outstanding (DIO)		 38.74 91.66 91.39
Days Payable Outstanding (DPO)		 142.48 146.94 87.37
Cash Conversion Cycle (CCC)		 -39.09 22.35 80.60
Capital & Investment Metrics		 - - -
Invested Capital		 16 18 25
Invested Capital Turnover		 1.15 0.97 0.90
Increase / (Decrease) in Invested Capital		 0.00 2.55 6.51
Enterprise Value (EV)		 5.62 6.19 34
Market Capitalization		 4.00 4.00 34
Book Value per Share		 $1.12 $1.24 $1.81
Tangible Book Value per Share		 $0.99 $1.16 $1.76
Total Capital		 17 21 30
Total Debt		 2.62 5.11 4.62
Total Long-Term Debt		 2.50 4.64 4.23
Net Debt		 1.51 2.19 -0.59
Capital Expenditures (CapEx)		 0.02 0.02 0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 3.62 4.02 7.36
Debt-free Net Working Capital (DFNWC)		 4.74 6.94 13
Net Working Capital (NWC)		 4.62 6.47 12
Net Nonoperating Expense (NNE)		 -0.09 0.15 0.15
Net Nonoperating Obligations (NNO)		 1.51 2.19 -0.59
Total Depreciation and Amortization (D&A)		 0.70 0.55 0.37
Debt-free, Cash-free Net Working Capital to Revenue		 20.29% 24.66% 38.33%
Debt-free Net Working Capital to Revenue		 26.52% 42.59% 65.48%
Net Working Capital to Revenue		 25.85% 39.74% 63.44%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.15 $0.36
Adjusted Weighted Average Basic Shares Outstanding		 0.00 12.86M 13.88M
Adjusted Diluted Earnings per Share		 $0.00 $0.15 $0.35
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 12.86M 14.01M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 14.02M
Normalized Net Operating Profit after Tax (NOPAT)		 4.19 2.11 2.51
Normalized NOPAT Margin		 23.47% 12.92% 13.08%
Pre Tax Income Margin		 31.34% 20.18% 18.15%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 19.44 10.84 8.08
NOPAT to Interest Expense		 13.88 6.38 10.77
EBIT Less CapEx to Interest Expense		 19.38 10.78 7.96
NOPAT Less CapEx to Interest Expense		 13.81 6.32 10.66
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Fatpipe Inc/UT

This table displays calculated financial ratios and metrics derived from Fatpipe Inc/UT's official financial filings.

Metric Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 0.00 0.00 0.00 0.00 13,817,488.00 13,826,468.00 13,924,468.00 13,924,468.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 13,817,488.00 13,826,468.00 13,924,468.00 13,924,468.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00 0.00 0.05 0.00 0.02 0.28
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 4.95% -29.24% 29.83% 90.43%
EBITDA Growth		 0.00% 0.00% 0.00% 0.00% 15.16% -94.56% 49.18% 563.54%
EBIT Growth		 0.00% 0.00% 0.00% 0.00% 22.59% -98.81% 87.64% 983.23%
NOPAT Growth		 0.00% 0.00% 0.00% 0.00% 14.62% -100.03% 188.84% 1,518.68%
Net Income Growth		 0.00% 0.00% 0.00% 0.00% 21.69% -102.67% 268.21% 1,175.90%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -100.00% 100.00% 800.00%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% -101.46% 727.99% 319.05% -380.34%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 35.97%
Revenue Q/Q Growth		 0.00% 49.20% -43.73% 20.50% 0.00% 0.59% 3.25% 76.75%
EBITDA Q/Q Growth		 0.00% 149.90% -84.27% -4.96% 0.00% -88.21% 331.84% 322.73%
EBIT Q/Q Growth		 0.00% 173.99% -89.16% -13.16% 0.00% -97.34% 1,611.24% 401.29%
NOPAT Q/Q Growth		 0.00% 149.40% -93.61% -358.61% 0.00% -100.07% 56,283.70% 1,170.19%
Net Income Q/Q Growth		 0.00% 167.23% -94.82% -536.40% 0.00% -105.85% 816.03% 1,175.18%
EPS Q/Q Growth		 0.00% 160.00% -92.31% -500.00% 0.00% -100.00% 0.00% 1,300.00%
Operating Cash Flow Q/Q Growth		 0.00% 119.13% -327.74% -72.74% 0.00% 178.61% -39.75% -478.80%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -4.80% 1.20% 86.76%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.60% 0.40% 25.65%
Profitability Metrics		 - - - - - - - -
Gross Margin		 92.44% 95.90% 87.94% 95.55% 94.23% 92.10% 87.68% 90.52%
EBITDA Margin		 25.76% 43.14% 12.06% 9.51% 28.26% 3.31% 13.86% 33.15%
Operating Margin		 22.93% 40.45% 5.87% 4.31% 25.48% -0.02% 9.84% 30.24%
EBIT Margin		 22.20% 40.76% 7.85% 5.66% 25.93% 0.68% 11.35% 32.18%
Profit (Net Income) Margin		 16.24% 29.09% 2.68% -9.70% 18.83% -1.10% 7.60% 54.83%
Tax Burden Percent		 78.85% 74.71% 58.42% -191.68% 77.50% 77.50% 77.50% 181.30%
Interest Burden Percent		 92.80% 95.53% 58.43% 89.50% 93.72% -206.56% 86.43% 93.99%
Effective Tax Rate		 21.15% 25.29% 41.58% 270.57% 22.50% 0.00% 22.50% -81.30%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% -6.62% 33.53% -0.02% 12.28% 49.29%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% -10.69% 40.76% 5.81% 12.44% 49.29%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% -1.47% -1.98% -0.41% -0.92% 1.91%
Return on Equity (ROE)		 0.00% 0.00% 0.00% -8.09% 31.54% -0.43% 11.37% 51.20%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% -2.47% 0.00% 0.00% 0.00% -6.54%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 3.71% 13.34% 0.32% 5.53% 19.68%
Return on Assets (ROA)		 0.00% 0.00% 0.00% -6.36% 9.69% -0.50% 3.70% 33.53%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% -8.06% 31.54% -0.43% 11.37% 51.20%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.68 1.69 0.11 -0.28 0.78 -0.00 0.31 3.96
NOPAT Margin		 18.08% 30.22% 3.43% -7.36% 19.74% -0.01% 7.63% 54.83%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 4.07% -7.23% -5.84% -0.16% -0.01%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -1.33% 3.07% 0.00% 1.21% 13.28%
Cost of Revenue to Revenue		 7.56% 4.10% 12.06% 4.45% 5.77% 7.90% 12.32% 9.48%
SG&A Expenses to Revenue		 15.50% 21.16% 18.23% 28.56% 14.91% 35.18% 20.26% 27.01%
R&D to Revenue		 11.29% 7.78% 14.25% 12.64% 12.05% 12.35% 11.10% 6.75%
Operating Expenses to Revenue		 69.51% 55.45% 82.07% 91.24% 68.76% 92.12% 77.83% 60.28%
Earnings before Interest and Taxes (EBIT)		 0.83 2.28 0.25 0.21 1.02 0.03 0.46 2.32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.97 2.41 0.38 0.36 1.11 0.13 0.57 2.40
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.25 6.67 4.23 1.33 1.36
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.27 7.00 4.41 1.38 1.39
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.25 8.26 5.98 1.78 1.78
Price to Earnings (P/E)		 0.00 0.00 0.00 2.03 65.34 207.67 41.97 6.88
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 49.16% 1.53% 0.48% 2.38% 14.54%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.34 6.96 4.47 1.36 1.36
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.38 8.20 5.88 1.68 1.75
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 1.50 31.65 44.00 12.23 7.99
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 1.73 35.89 57.84 15.39 8.75
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 2.94 61.03 175.94 37.16 6.56
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.32 0.24 0.23 0.22 0.18
Long-Term Debt to Equity		 0.00 0.00 0.00 0.29 0.21 0.20 0.20 0.17
Financial Leverage		 0.00 0.00 0.00 0.14 -0.05 -0.07 -0.07 0.04
Leverage Ratio		 0.00 0.00 0.00 1.66 1.57 1.54 1.53 1.53
Compound Leverage Factor		 0.00 0.00 0.00 1.48 1.47 -3.17 1.32 1.43
Debt to Total Capital		 0.00% 0.00% 0.00% 24.28% 19.42% 18.49% 17.86% 15.50%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 2.20% 2.89% 2.24% 1.62% 1.31%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 22.07% 16.53% 16.25% 16.24% 14.19%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 75.72% 80.58% 81.51% 82.14% 84.50%
Debt to EBITDA		 0.00 0.00 0.00 1.24 1.15 2.40 2.12 1.10
Net Debt to EBITDA		 0.00 0.00 0.00 0.53 -0.23 -0.74 -0.72 -0.14
Long-Term Debt to EBITDA		 0.00 0.00 0.00 1.13 0.98 2.11 1.93 1.01
Debt to NOPAT		 0.00 0.00 0.00 2.43 2.22 9.59 6.44 0.90
Net Debt to NOPAT		 0.00 0.00 0.00 1.04 -0.45 -2.96 -2.19 -0.12
Long-Term Debt to NOPAT		 0.00 0.00 0.00 2.21 1.89 8.43 5.85 0.83
Altman Z-Score		 0.00 0.00 0.00 1.62 8.54 6.10 2.95 4.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.38% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.00 0.00 0.00 2.00 2.59 2.74 2.71 3.85
Quick Ratio		 0.00 0.00 0.00 1.03 1.57 1.74 1.73 2.23
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 -19 -20 -19 -2.55
Operating Cash Flow to CapEx		 -12,913.81% 0.00% -440.32% -2,708.50% -1,198.15% 0.00% 2,826.81% -10,717.94%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -266.51 -154.88 -185.31 -14.58
Operating Cash Flow to Interest Expense		 -2.93 0.56 -0.93 -4.83 -7.28 3.17 2.31 -5.21
Operating Cash Flow Less CapEx to Interest Expense		 -2.96 0.72 -1.14 -5.00 -7.88 3.23 2.23 -5.26
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.66 0.51 0.46 0.49 0.61
Accounts Receivable Turnover		 0.00 0.00 0.00 4.70 4.15 3.42 3.57 4.77
Inventory Turnover		 0.00 0.00 0.00 3.98 2.46 3.31 7.25 3.99
Fixed Asset Turnover		 0.00 0.00 0.00 244.32 177.54 174.37 181.91 250.52
Accounts Payable Turnover		 0.00 0.00 0.00 2.48 3.24 3.69 3.44 4.18
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 77.63 87.88 106.63 102.13 76.58
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 91.66 148.25 110.23 50.38 91.39
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 146.94 112.68 98.84 106.02 87.37
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 22.35 123.46 118.02 46.49 80.60
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.00 0.00 0.00 18 19 20 20 25
Invested Capital Turnover		 0.00 0.00 0.00 0.90 1.70 1.52 1.61 0.90
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 19 20 20 6.51
Enterprise Value (EV)		 0.00 0.00 0.00 6.19 135 87 27 34
Market Capitalization		 4.00 4.00 4.00 4.00 136 89 28 34
Book Value per Share		 $0.00 $0.00 $0.00 $1.24 $1.48 $1.52 $1.52 $1.81
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $1.16 $1.41 $1.46 $1.46 $1.76
Total Capital		 0.00 0.00 0.00 21 25 26 26 30
Total Debt		 0.00 0.00 0.00 5.11 4.91 4.76 4.60 4.62
Total Long-Term Debt		 0.00 0.00 0.00 4.64 4.18 4.18 4.18 4.23
Net Debt		 0.00 0.00 0.00 2.19 -0.99 -1.47 -1.56 -0.59
Capital Expenditures (CapEx)		 0.00 -0.01 0.02 0.01 0.04 -0.01 0.01 0.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 4.02 4.86 4.90 4.70 7.36
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 6.94 11 11 11 13
Net Working Capital (NWC)		 0.00 0.00 0.00 6.47 10 11 10 12
Net Nonoperating Expense (NNE)		 0.07 0.06 0.02 0.09 0.04 0.04 0.00 -0.00
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 2.19 -0.99 -1.47 -1.56 -0.59
Total Depreciation and Amortization (D&A)		 0.13 0.13 0.13 0.15 0.09 0.10 0.10 0.07
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 24.66% 29.49% 33.01% 29.79% 38.33%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 42.59% 65.35% 74.99% 68.85% 65.48%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 39.74% 60.91% 71.10% 66.20% 63.44%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($0.04) $0.05 $0.00 $0.02 $0.29
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 12.86M 13.83M 13.89M 13.92M 13.88M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.04) $0.05 $0.00 $0.02 $0.28
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 12.86M 13.83M 13.89M 13.92M 14.01M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 13.83M 13.92M 13.92M 14.02M
Normalized Net Operating Profit after Tax (NOPAT)		 0.68 1.69 0.11 0.11 0.78 -0.00 0.31 1.53
Normalized NOPAT Margin		 18.08% 30.22% 3.43% 3.02% 19.74% -0.01% 7.63% 21.17%
Pre Tax Income Margin		 20.60% 38.94% 4.59% 5.06% 24.30% -1.41% 9.81% 30.24%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 9.68 26.39 2.09 5.45 14.60 0.22 4.46 13.28
NOPAT to Interest Expense		 7.88 19.57 0.91 -7.09 11.12 0.00 3.00 22.63
EBIT Less CapEx to Interest Expense		 9.65 26.56 1.88 5.27 13.99 0.27 4.37 13.23
NOPAT Less CapEx to Interest Expense		 7.86 19.73 0.70 -7.27 10.51 0.05 2.91 22.58
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Fatpipe Inc/UT (NASDAQ: FATN) showed a sharp rebound in profitability in Q4 2026, but cash flow remained weak and the balance sheet still carries meaningful leverage. Over the last several quarters, revenue has generally trended higher, but earnings and operating cash flow have been volatile. The latest quarter stands out for strong net income, though that improvement did not translate into positive operating cash generation.

  • Revenue accelerated in Q4 2026 to $7.2 million, up from $4.1 million in Q3 2026 and $4.0 million in Q2 2026, showing strong top-line momentum.
  • Gross profit expanded to $6.5 million in Q4 2026, with gross margin remaining very high, suggesting the company still has attractive unit economics.
  • Net income improved sharply to $4.0 million in Q4 2026 versus a loss of $43,387 in Q2 2026 and $310,662 of profit in Q3 2026, indicating a strong finish to the year.
  • Operating income reached $2.2 million in Q4 2026, a big improvement from roughly breakeven in Q2 2026 and $402,420 in Q3 2026.
  • For full-year comparison, Q4 2026 earnings were well above Q4 2025, when the company reported a net loss of $368,203 and negative EPS.
  • Shares outstanding have increased over time, with basic shares rising from about 12.9 million in Q4 2025 to 13.9 million in Q4 2026, which can dilute per-share results.
  • The company continues to spend heavily on marketing and operating expenses, which helps growth but also makes quarterly profitability inconsistent.
  • Balance sheet liquidity remains solid at a glance, with cash and equivalents of $6.2 million in Q2 2026 and $6.2 million in Q3 2026, although cash later moved down in Q4 2026.
  • Operating cash flow was negative in Q4 2026 at $(912,525), even though net income was positive, signaling that earnings quality was weak last quarter.
  • Cash and equivalents declined by $948,439 in Q4 2026, reflecting pressure from operations and foreign exchange effects.

On a longer trend line, FATN appears to be improving its revenue base while still struggling to convert that growth into consistent cash generation. In Q1 and Q2 2025, the company posted solid profits and positive revenue growth, but operating cash flow was often negative or inconsistent. More recently, Q3 and Q4 2026 showed a rebound in earnings, especially in Q4, yet the cash flow statement suggests the business is not fully self-funding on a quarterly basis.

One of the main risks for investors is leverage. As of Q3 2026, Fatpipe had $4.2 million of short-term debt and $4.2 million of long-term debt, with total liabilities of $11.2 million. That debt load is manageable relative to total equity of $21.2 million, but it still matters because weak operating cash flow could pressure flexibility.

Bottom line: Fatpipe’s latest quarter looks encouraging on revenue and earnings, but the company still needs to prove that profitability can be sustained and turned into reliable cash flow. For retail investors, the story is improved growth and earnings, offset by cash burn risk, debt, and share dilution.

07/17/26 05:38 AM ETAI Generated. May Contain Errors.

Fatpipe Inc/UT Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Fatpipe Inc/UT's financial year ends in March. Their financial year 2026 ended on March 31, 2026.

Fatpipe Inc/UT's net income appears to be on an upward trend, with a most recent value of $4.97 million in 2026, rising from $4.28 million in 2024. The previous period was $1.95 million in 2025. Find out what analysts predict for Fatpipe Inc/UT in the coming months.

Fatpipe Inc/UT's total operating income in 2026 was $3.59 million, based on the following breakdown:
  • Total Gross Profit: $17.48 million
  • Total Operating Expenses: $13.89 million

Over the last 2 years, Fatpipe Inc/UT's total revenue changed from $17.86 million in 2024 to $19.21 million in 2026, a change of 7.5%.

Fatpipe Inc/UT's total liabilities were at $9.31 million at the end of 2026, a 24.7% decrease from 2025, and a 26.0% increase since 2024.

In the past 2 years, Fatpipe Inc/UT's cash and equivalents has ranged from $1.11 million in 2024 to $5.21 million in 2026, and is currently $5.21 million as of their latest financial filing in 2026.

Over the last 2 years, Fatpipe Inc/UT's book value per share changed from 1.12 in 2024 to 1.81 in 2026, a change of 61.8%.


Related Companies

Financial statements for NASDAQ:FATN last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Louis Navellier: My #1 AI stock for 2026 (name & ticker inside)
Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...
InvestorPlace | Sponsoredtc pixel
The $15 Gold Fund That Pays Up to $1,152/Month
Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying...
Investors Alley | Sponsoredtc pixel
Trump Takes Emergency Action - Plus Elon Musk's New Venture
Elon Musk has quietly launched a new venture - one that has nothing to do with rockets, EVs, or Neuralink. Tru...
Altimetry | Sponsoredtc pixel
Your $29.97 book is free today
Why Some Traders Skip Stocks Entirely You don't need a big account to trade options. In fact, options ca...
Profits Run | Sponsoredtc pixel
SPCX Warning - and Worst News for Stocks in 50 Years
Goldman Sachs and Morgan Stanley are now predicting what could be the worst news for the U.S. stock market in ...
TradeSmith | Sponsoredtc pixel
Ready to give options a try? Your first trade (Ticker included) -INSIDE
Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and st...
Base Camp Trading | Sponsoredtc pixel
CODE RED: AI Meltdown Imminent?
After correctly predicting the 2008 and 2020 stock market meltdowns, I believe this AI company is about to tri...
Paradigm Press | Sponsoredtc pixel
Elon’s new "tollbooth"
The SpaceX IPO was valued at $1.75 trillion. But one analyst says fighting over those shares may be the wrong ...
Weiss Ratings | Sponsoredtc pixel