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FatPipe, Inc.

FATN

FatPipe is a technology company specializing in enterprise-class software-defined wide area network (SD-WAN) and integrated cybersecurity solutions.

Market cap
$75.18M-41.4%
Revenue$19.2M+17.9%
Net income$5.0M+45.6%
Free cash flow-$1.4M-212%
EPS (diluted)$0.35+26.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$4.8M
EPS estimate$0.07

Financials

Q4 2026

Income statement

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Revenue$7.2M+90.4%
Gross profit$6.5M+80.4%
Operating income$2.2M+1,235%
Net income$4.0M
EPS (diluted)$0.28

Balance sheet

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Cash & equivalents$5.2M+78.6%
Total debt$6.1M-5.7%
Total equity$25.2M+58.3%
Total assets$34.5M+22.0%

Cash flow

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Operating cash flow-$912.5K-380%
CapEx$8.5K+21.4%
Free cash flow-$921.0K-368%

Valuation & ratios

Valuation

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Market cap$75.18M-41.4%
Enterprise value$76.06M-38.8%
P/E15.1×
P/S3.9×-3.6×

Profitability

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Gross margin91%-2.5pp
Operating margin18.7%-2.6pp
Net margin25.9%

Returns & leverage

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Return on equity24.2%
Debt / equity0.2×-0.2×
Current ratio3.9×+1.9×

Segments

By product

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Service$1.0M-15.1%
Consulting$558.1K+25.9%

By geography

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Non Us$78.5K-40.1%

Competitors

Profile

FatPipe is a technology company specializing in enterprise-class software-defined wide area network (SD-WAN) and integrated cybersecurity solutions. The company provides a unified software stack that converges networking, security, and monitoring to ensure reliable and secure connectivity across cloud, hybrid, and on-premise environments. Its core value proposition centers on its patented multi-path technology which enables seamless failover and optimized bandwidth for mission-critical applications.

Competitive position

FatPipe is a specialized provider in the SD-WAN market, recognized for its extensive patent portfolio and top-ranked solutions for the middle-market segment.

GeographiesUnited States, India, Mexico, Southeast Asia
Customer segmentsEnterprise, Mid-market, Government, SMB
Business modelSubscription SaaS, Professional Services, B2B
SuppliersCommodity appliance manufacturers, Cloud infrastructure providers (AWS, Azure, Google Cloud), Hypervisor developers, Software engineers
CustomersValue-added resellers (VARs), Internet Service Providers (ISPs), Managed Service Providers (MSPs), Direct enterprise customers
Listed2025
CEORagula Bhaskar
FilingsSEC EDGAR

Questions, answered.

What is FatPipe, Inc.'s market cap?
FatPipe, Inc. (FATN) has a market capitalization of $75.2M and trades on NASDAQ.
What is FatPipe, Inc.'s revenue and profitability?
FatPipe, Inc. generated $19.2M in trailing twelve-month revenue with net income of $5.0M, representing a net margin of 25.9%. Gross margin stands at 91.0%, with free cash flow of -$1.4M. These figures are based on the Q1 2026 filing.
Who are FatPipe, Inc.'s competitors?
FatPipe, Inc.'s key competitors include Palo Alto Networks, Fortinet, Cisco Systems, and others. These companies compete in similar markets and product categories.
Who does FatPipe, Inc. partner with?
FatPipe, Inc.'s notable partners include Amazon Web Services, Microsoft Azure, Google Cloud, and others.
What subsidiaries does FatPipe, Inc. have?
FatPipe, Inc.'s subsidiaries include FatPipe Networks Private Limited, FatPipe Technologies, Inc..
Where is FatPipe, Inc. headquartered?
FatPipe, Inc. is headquartered in United States of America. It has been publicly traded since 2025.