Fatpipe Inc/UT
FATN Nasdaq· Services-Prepackaged Software
Last close · Oct 23, 2026
$5.33
KIRA · Stoqly’s AI analyst, in plain words
- Fatpipe Inc/UT had $19.2M of revenue in fiscal 2026, up 17.9% on the year before.
- Its operating margin was 18.7%, down 2.6 pts: of every 100 in sales, about 19 is left after running the business.
- Fatpipe Inc/UT made $5.0M of net profit in fiscal 2026. From fiscal 2024 to 2026, diluted EPS grew 0.0% a year.
- Free cash flow was −$0.8M in fiscal 2026, −4.3% of revenue.
- Fatpipe Inc/UT has $0.6M more cash than debt.
Market cap
$75.1M
P/E
13.7x
Revenue
$19.2M
Net income
$5.0M
Free cash flow
−$0.8M
Operating margin
18.7%
Fatpipe Inc/UT in 30 seconds · fiscal 2026
Are sales growing?
+17.9%
Yes. Sales grew 17.9% last year.
Does it make a profit?
25.9%
Yes. It keeps 25.9% of every sale as profit.
Does profit turn into cash?
−4.3%
No. It spent more cash than it brought in.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
13.7x
One share costs 13.7 times its yearly profit per share.
What Fatpipe Inc/UT does
No business description yet.
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 10-K · May 18, 2026
- Legal name
- Fatpipe Inc/UT
- CIK
- 0001993400
Fatpipe Inc/UT · FATN
Results and finances
The last 3 fiscal years. Amounts in USD.
| Fiscal year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Sales and profit | |||
| Revenue | $17.9M | $16.3M | $19.2M |
| Revenue growth | — | −8.8% | 17.9% |
| Gross margin | 94.0% | 93.5% | 91.0% |
| Operating margin | 31.6% | 21.3% | 18.7% |
| Net income | $4.4M | $2.0M | $5.0M |
| Net margin | 24.4% | 12.1% | 25.9% |
| Diluted EPS | $0.35 | $0.15 | $0.35 |
| Cash | |||
| Cash from operations | −$0.4M | −$0.5M | −$0.8M |
| Capital expenditure | $0.0M | $0.0M | $0.1M |
| Free cash flow | −$0.4M | −$0.5M | −$0.8M |
| FCF margin | −2.1% | −3.2% | −4.3% |
| Share count change | — | 3.3% | 8.9% |
| Debt and strength | |||
| Cash and short-term investments | $1.1M | $2.9M | $5.2M |
| Debt incl. finance leases | — | $5.0M | $4.6M |
| Shareholders' equity | $13.9M | $15.9M | $25.2M |
| Net debt / EBITDA | — | 0.5x | −0.1x |
| Current ratio | 2.0x | 2.0x | 3.9x |
| Interest coverage | 18.7x | 10.5x | 8.9x |
| Returns and quality | |||
| Return on capital | — | 12.5% | 14.6% |
| Return on equity | 31.3% | 13.2% | 24.2% |
| Return on tangible equity | 35.3% | 13.2% | 20.3% |
| Piotroski F-score | — | 2 | 4 |
| Altman Z'' | 6.5 | 5.0 | 7.4 |
Insiders bought, 12 months
$0.0M
1 insider
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Fatpipe Inc/UT · FATN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $5.33 a share, the company is worth $75.1M: 13.7 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001993400). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.