FatPipe, Inc. FATN

5.31 (0.14) (2.57%) as of 25 Sep
Market cap
$77.0M
P/E
13.4×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.03
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — 1 — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 55.51%

Capital & Financial Ratios

Market Cap 77.00
Revenue 20.30
Net Income 5.46
Free Cash Flow (0.97)
Net Debt (0.17)
Current Ratio 3.98
Debt/Equity 0.16
P/E ratio 13.38
P/S ratio 3.69
P/B ratio 2.82
Past 5Y EPS Growth —
This Y EPS Growth 25.00%
Next Y EPS Growth 18.29%
Next 5Y EPS Growth 48.23%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2024 2025 2026 Q'26
Cash 1 3 5 4
Receivables 8 9 11 11
Inventory 0 0 0 1
Other 1 1 0 0
9 13 16 16
2024 2025 2026 Q'26
Payables 0 0 0 1
ST’ Debt — — — —
Other — — — —
5 6 4 4
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — 2.45%
Cash Flow — — —
Earnings — — 4.41%
Book Value — — 21.52%

Revenue

Jun Sep Dec Mar Year
’26 5 — — — —
’26 4 4 4 7 19
’25 4 6 3 4 16
’24 — — — — 18
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Jun Sep Dec Mar Year
’26 (1) — — — —
’26 (1) 0 0 (1) (1)
’25 0 0 0 0 (1)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Jun Sep Dec Mar Year
’26 (1) — — — —
’26 (1) 0 0 (1) (1)
’25 0 0 0 0 (1)
in millions of $ · fiscal quarters ending in the months shown

EPS

Jun Sep Dec Mar Year
’26 0.09 — — — —
’26 0.05 0.00 0.02 0.28 0.35
’25 0.05 0.13 0.01 (0.03) 0.15
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
— — — — — — — — 1.82 1.31

Analyst estimates 2027–2029

Powerpack
Low Price
— — — — — — — — 23.27 8.61
High Price
— — — — — — — 154 154 172
Employees
— — — — — — 0 0 0 0
Revenue/Emp
— — — — — — 18 18 16 19
Revenue
— — — — — — 94.01% 94.01% 93.48% 91.00%
Gross Margin
— — — — — — 6 (10) 3 3
EBT
— — — — — — 31.34% 0.00% 20.18% 18.15%
EBT Margin
— — — — — — 0 0 2 5
Net Income
— — — — — — — 1 1 0
Depreciation
— — — — — — 0.00 1.43 1.27 1.38
Revenue/Sh
— — — — — — — 0.34 0.15 0.36
Earnings/Sh
— — — — — — — (0.03) (0.04) (0.06)
Cash Flow/Sh
— — — — — — — 0.00 0.00 0.00
Capex/Sh
— — — — — — — (0.03) (0.04) (0.06)
Free CF/Sh
— — — — — — 0.00 1.13 1.24 1.82
Book Value/Sh
— — — — — — — 12 13 14
Shares
— — — — — — 85.58 85.58 85.58 6.84
PE Ratio
— — — — — — 10.26 10.26 10.26 1.76
PS Ratio
— — — — — — 10.50 10.50 10.50 1.34
PB Ratio
— — — — — — 10.37 10.37 10.37 1.71
EV/Sales
— — — — — — (324.28) (324.28) (324.28) (39.49)
EV/FCF
— — — — — — — 0 (1) (1)
Op' Cash Flow
— — — — — — — 0 0 0
Capex
— — — — — — — 0 (1) (1)
FCF
— — — — — — 5 9 6 12
Working Cap'
— — — — — — 3 3 5 4
Total Debt
— — — — — — 1 1 2 (1)
Net Debt
— — — — — — 14 14 16 25
Sh' Equity
— — — — — — 0.00% 0.09% 10.56% 15.83%
ROA
— — — — — — 22.83% 0.00% 12.30% 9.26%
ROIC
— — — — — — 0.00% 0.00% 13.12% 24.16%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

FatPipe, Inc. peers in Software Infrastructure

All 173 Software Infrastructure stocks →

FatPipe, Inc. (FATN) key facts

  • FatPipe, Inc. (FATN) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
  • FatPipe, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $19.2 million, up 17.9% from fiscal 2025.
  • As of September 25, 2026, FATN traded at $5.31, a market capitalization of $77.0 million.
  • Return on equity was 24.2% and debt-to-equity 0.16.

Source: company filings (standardised) and stockrow calculations.

FatPipe, Inc. (FATN) Latest News

News by impact score

Fine-tune

22 Sep

4 transcript

FatPipe Networks (NASDAQ: FATN) pitches a single-stack SD-WAN platform covering cybersecurity, monitoring, and visibility, backed by 13 patents. It claims faster performance and easier support than multi-vendor rivals and plans AI for predictive networking insights. The company has expanded its sales force to about 36 and broadened its channel network, adding Carahsoft, Howard Technologies, and a major ISP partner. It targets about 18% revenue growth and 18% EBITDA while maintaining cash efficiency under a Rule of 40. Growth will come from channel partners and existing customers rather than cash burn, with ongoing emphasis on profitability and partner enablement. Channel expansion, major distributor partnerships, and AI-enabled product enhancements could materially boost growth and margins.

4 transcript

FatPipe Networks (NASDAQ: FATN) executives Dr. Ragula Bhaskar and CFO Kanishka Ragula describe a single-stack networking platform that combines SD-WAN, cybersecurity, network visibility and monitoring. FatPipe touts 13 patents and argues it invented SD-WAN, enabling faster root-cause analysis by integrating networking and security data. Growth hinges on a lean sales force (about 36 by year-end) and expanded channel partnerships, including Carahsoft (government) and Harvard Technologies, plus a major ISP partner that sells to corporate customers. The company aims to broaden partner reach to thousands of sales reps while maintaining customer service leadership. Revenue growth target around 18% with 18% EBITDA; historically higher growth and EBITDA have been reported. They plan AI enhancements in coming months and stress cash efficiency, pursuing Rule of 40 discipline and profitability without excess cash burn. Government and mid-market deployments cited as recent progress. Expanded channel partnerships and planned AI-driven enhancements could materially lift revenue growth and margins.

18 Aug

4

FatPipe Inc. (FATN) launched Constellation, an AI-assisted network management and visibility solution offered as an affordable option for small and medium businesses. New AI product launch represents significant strategic move with potential to alter company trajectory in SMB segment.

4 Aug

3

FatPipe partners with Carahsoft to deliver secure SD-WAN, SASE and resilient connectivity solutions to the public sector. Partnership expands FatPipe's public sector access through Carahsoft distribution channels.

31 Jul

3

FatPipe continues to land more deals as its Salesforce matures. Maturing salesforce supports additional deal wins and positive operational momentum.

3

FatPipe continues to land more deals as its Salesforce matures. Ongoing deal wins from maturing Salesforce support moderate growth in operations and market position.

30 Jul

3 transcript

Fatpipe Inc/UT Q1 earnings call highlights released. Q1 earnings call highlights can shift investor views on financial results.

3

FatPipe reported Q1 FY2027 revenue up 28% year-over-year with 25.6% adjusted EBITDA margin. Quarterly revenue growth and margin figures may support short-term sentiment but are unlikely to alter long-term trajectory.

21 Jul

3

FatPipe awarded $7 million education contract to support network access and monitoring. Contract adds revenue without fundamentally shifting operations or market position.

14 Jul

3

FatPipe (NASDAQ:FATN) has been named SD-WAN Data Quadrant Champion and #1 top-rated SD-WAN product in Info-Tech Research Group’s 2026 SD-WAN Midmarket Report. Industry award boosts FatPipe's competitive positioning in SD-WAN but does not alter core operations or long-term trajectory.

28 Jun

4

FatPipe, Inc. (FATN) launches SATBoost solution to improve LEO satellite performance by up to 300%. SATBoost launch marks major product innovation with potential to significantly boost FatPipe market position in satellite communications.

11 Jun

4

FatPipe launches SATBoost for Starlink, Viasat and Amazon LEO satellites, delivering up to 300% faster data flow and improved connectivity. SATBoost targets major LEO providers with major speed gains that can lift FatPipe revenue and market position.

22 May

3

FatPipe, Inc. (FATN) released financial results for FYQ4 ending March 31. Earnings releases typically affect short-term stock sentiment and financial perception without major strategic shifts.

18 May

4

FatPipe Inc. reported Q4 revenue growth of 90% year-over-year and recurring revenue up 56% year-over-year, with full-year FY2026 revenue rising 18%. Strong Q4 revenue and recurring revenue growth indicate improved financial momentum that can boost future performance and investor sentiment.

14 May

4

FatPipe, Inc. (NASDAQ:FATN) receives analyst coverage with price targets ranging from $6 to $12 per share. New analyst coverage with $6-$12 price targets signals significant potential upside, likely boosting investor sentiment and stock trajectory.

5 May

3

Zacks Small-Cap Research raised FatPipe Inc. (FATN) share price target from $5.00 to $6.00 following a business update. Analyst price target hike signals positive business update with moderate potential to influence market sentiment and stock performance.

1 May

4

FatPipe, Inc. (FATN) released preliminary financial results for its fiscal fourth quarter ending March 31. Preliminary quarterly results often drive significant short-term stock volatility and shape investor expectations for full-year performance.

3

FatPipe (FATN) shares surge on Friday driven by positive developments attracting investor buying. Stock surge signals moderately noticeable market reaction likely tied to company-specific events.

30 Apr

3

FatPipe, Inc. released preliminary fourth quarter fiscal 2026 results and a business update, with the full earnings release scheduled for May 18, 2026. Preliminary quarterly financial results influence investor sentiment and stock performance ahead of the full earnings disclosure.

29 Apr

4

FatPipe expands public sector and education procurement access through OMNIA, Equalis, NASA SEWP, and multiple state contracts. Securing multiple government contract vehicles unlocks large, stable revenue streams from public sector and education markets.

28 Apr

4

FatPipe launches VeloCloud replacement program offering price match guarantees, 15% discounts to customers switching from VeloCloud, and 10% rebates to partners. VeloCloud replacement program with price matching and discounts targets competitor migration to boost FatPipe's market share and revenue.

31 Mar

4

FatPipe, Inc. (FATN) announces partnership with TD SYNNEX, a major IT distributor, to expand its SD-WAN and network solutions reach. Partnership with leading distributor TD SYNNEX provides major strategic expansion of sales channels and market access for FatPipe.

23 Mar

4

D. Boral Capital initiates coverage on FatPipe (NASDAQ: FATN) with a Buy rating and $8.00 price target. Analyst initiation with Buy rating and $8 target boosts visibility and investor sentiment for FATN.

5 Mar

3

FatPipe CEO publishes letter to shareholders. CEO letters to shareholders typically provide strategic updates that moderately influence investor sentiment and company outlook.

3 Mar

3

FatPipe, Inc. (FATN) received the 2025 TMCnet Zero Trust Security Excellence Award from TMCnet for its advancements in Zero Trust security solutions. Industry award validates FatPipe's Zero Trust security capabilities, enhancing credibility and potentially influencing sales and investor sentiment moderately.

18 Feb

4

Zacks Investment Research initiates research report on FatPipe, Inc. (FATN) and sets target price at $5. Analyst initiation with $5 target price significantly enhances visibility and investor sentiment for FATN.

17 Feb

4

FatPipe (FATN) greatly increased its salesforce, expected to accelerate growth in FY 2027. Greatly increased salesforce represents a major strategic move to drive accelerated growth.

2 Feb

4

FatPipe, Inc. (FATN) reported a 30% increase in revenues and a 48% year-over-year rise in monthly recurring revenue (MRR) for the third quarter of fiscal year 2026. The company also achieved positive cash flow, indicating strong financial performance and growth. The significant revenue growth and positive cash flow suggest a strong trajectory that could enhance investor sentiment and market positioning.

22 Jan

4

FatPipe, Inc. has been recognized as the top company for both product and support in Info-Tech Research Group's 2026 SD-WAN Midmarket Report. This ranking highlights FatPipe's commitment to delivering high-quality solutions and exceptional customer service in the SD-WAN market. Achieving top rankings in a reputable industry report is likely to enhance FatPipe's competitive positioning and market perception.

23 Dec

4

FatPipe, Inc. has showcased its autonomous vehicle connectivity solutions designed to prevent outages similar to the recent Waymo incident in San Francisco. The company emphasizes its technology's reliability and resilience, aiming to enhance the safety and efficiency of autonomous transportation systems. By addressing potential connectivity failures, FatPipe positions itself as a key player in the evolving landscape of autonomous vehicle technology. FatPipe's solutions could significantly enhance the reliability of autonomous vehicle systems, impacting its market position and investor sentiment.

stockrow.com/FATN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com