FatPipe, Inc.

FatPipe, Inc.

FATN
FatPipe, Inc.US flagNASDAQ Capital Market
4.50
USD
+0.01
- -
63.11MMarket Cap
FatPipe, Inc.
FATN
(NASDAQ Capital Market)

Recent

price

4.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2022
2023
2024
2025
2026
TTM
FRC
0.9
1.15
1.3
1.19
- -
1.38
Revenue per Share
0.04
0.21
0.32
0.14
- -
0.36
Basic EPS, GAAP
-0.02
-0.15
-0.03
-0.04
- -
-0.06
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
Dividend per Share
0.15
0.35
0.67
0.82
- -
1.17
Book Value per Share
0.3
0.54
0.91
1.08
- -
1.77
Tangible Book Value per Share
14
14
14
14
- -
14
Basic Weighted Avg Shares
12
16
18
16
19
19
Sales/Revenue/Turnover
-1.81
20.51
31.57
21.31
18.69
18.69
Operating Margin (%)
1
1
1
1
- -
- -
Depreciation Expense
- -
3
4
2
5
5
Net Income, GAAP
6.71
8.13
23.55
40.6
- -
45
Effective Tax Rate (%)
3.9
18.43
24.45
12.07
25.87
25.87
Profit Margin (%)
3
3
5
6
12
12
Working Capital
1
2
3
6
5
5
LT Debt
7
10
14
16
25
25
Total Equity
- -
29.89
28.03
9.36
- -
15.14
Return on Invested Capital (%)
- -
56.28
47.49
14.54
- -
27.85
Return on Capital (%)
- -
85.49
62.55
19.28
36.22
36.22
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1
1
1
LT Borrowings
4
4
4
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
14
14
14
Market Capitalization
88
28
34

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
17
17
16
Cash, Cash Equivalents & STI
6
6
5
Accounts Receivable, Net
4
4
4
Inventories
- -
- -
- -
Total Current Liabilities
6
6
4
Payables & Accruals
1
1
1
ST Debt
1
1
1
Deferred Revenue
1
1
1

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
58.34%
Free Cash Flow
- -
- -
58.08%
Net Income, GAAP
- -
- -
152.74%
Sales/Revenue/Turnover
- -
- -
17.92%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4
5
- -
- -
18
2025
4
6
3
4
16
2026
4
4
4
7
19

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.32
2025
0.05
- -
- -
- -
0.14
2026
0.05
- -
0.02
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
FatPipe, Inc. (NASDAQ: FATN) develops and provides enterprise-class, application-aware secure software-defined wide area network (SD-WAN) solutions; secure access service edge (SASE); network monitoring services (NMS) including EnterpriseView reporting; and cybersecurity products such as FatPipe Total Security 360, MPSec VPN, next-generation firewalls, SIEM, and WAN optimization tools with features like router clustering, dynamic failover, load balancing, QoS, compression, and encryption. The company serves enterprises, communication and security service providers, government entities, military institutions, municipalities, utilities, educational facilities, and middle-market organizations with mission-critical WAN reliability up to 99.999988%, targeting multi-office, mobile, cloud, hybrid, and on-premise environments. Founded in 1989 and headquartered in Salt Lake City, Utah, FatPipe operates globally through over 200 resellers and distributors, with expanding presence in the US, India, Southeast Asia, Mexico, and facilities supporting e-governance and optimized networks via its FatPipe Technologies division. Recent developments include a Nasdaq Capital Market listing in April 2025 followed by key executive appointments in May 2025 such as SVP of Sales, Cybersecurity Tom Aufiero from AT&T, CFO Eric Sherb, and VP of India Sales Praveen Shinde; plans to hire 12 US Regional Sales Managers; completion of a $1.4 million 210+ site SD-WAN deployment for a large US school district in October 2025; and reported 49% growth in monthly recurring billings for Q2 fiscal 2026 with nearly tripled sales headcount.

Company News

APIChatGPT
  • FatPipe (NASDAQ:FATN) Awarded a $7 Million Education Contract to Support Network Access and Monitoring

  • FatPipe to Showcase Secure, Resilient Connectivity Solutions at the 2026 NACo Annual Conference

  • FatPipe (NASDAQ:FATN) Named SD-WAN Data Quadrant Champion and #1 Top-Rated SD-WAN Product in Info-Tech Research Group's 2026 SD-WAN Midmarket Report

  • FatPipe, Inc. (NASDAQ: FATN) is Pleased to Announce Its Investor Webinar to Present Q1 Financial Results on July 30

  • FatPipe, Inc. Continues Membership in Russell Microcap(R) Index

  • FatPipe Awarded 2026 Visionary Spotlight Award for Total Security 360 by ChannelVision Magazine

  • FatPipe Awarded 2026 Visionary Spotlight Award for SD-WAN by ChannelVision Magazine

  • FatPipe Announces SATBoost for Starlink, Viasat and Amazon LEO: Up to 300% Faster Data Flow and Better Connectivity

  • FatPipe Inc. Secure SD-WAN & Total Security 360 Honored with 2026 MSP Today Product of the Year Award

  • Zacks Small-Cap Research Raises FatPipe (NASDAQ:FATN) Valuation from $6.00 to $6.40 per Share Following Preliminary Fiscal Fourth Quarter Business Update

  • FatPipe Inc. (FATN) Reports Q4 and FY2026 Results: 90% Y-o-Y Q4 Revenue Growth, Q4 Recurring Revenue up 56% Y-o-Y, Annual Revenue Growth of 18%

  • FatPipe, Inc. (NASDAQ:FATN) Receives Analyst Coverage with Price Targets Ranging from $6 to $12 Per Share

  • Buy Rating of FatPipe Inc. (NASDAQ:FATN), at $8.00 Price Target Reiterated by Jason Kolbert, Head of Equity Research at D. Boral Capital

  • Zacks Small-Cap Research Raises FatPipe Inc. (FATN) Share Price from $5.00 to $6.00 Following Business Update

  • FatPipe, Inc. Provides Preliminary Fourth Quarter Fiscal 2026 Results and Business Update; Schedules Earnings Release for May 18th, 2026

  • FatPipe Expands Public Sector and Education Procurement Access Through Multiple Government Contract Vehicles - OMNIA, Equalis, NASA SEWP and Multiple State Contracts

  • FatPipe Unveils VeloCloud Replacement Program with Price Match, 15% Discounts and 10% Partner Rebates

  • FatPipe, Inc. to Present at the D. Boral Capital 2026 Global Conference

  • FatPipe, Inc. (NASDAQ: FATN) announces Investor Earnings Call to Present Fiscal Year 2026 Financial Results on May 18, 2026

  • Rosen Law Firm Encourages FatPipe Inc. Investors to Inquire About Securities Class Action Investigation – FATN