Saturday 17 October 2026 Export FATN’s income statement to Excel — free account

FatPipe, Inc.

In the quarter to June 2026, revenue grew 27.8%, EPS grew 80.0%, free cash flow fell 24.1% and total debt fell 1.03%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

5.00 0.01 +0.20%

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Market cap: $70.5M
P/E: 12.6×
Fwd P/E: 15.5×
Dividend yield: —
F-score: 4/9
Altman Z: 4.16
Beneish M: −1.42
Dividend safety: n/a

Overview Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.03

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 55.51%

Capital & Financial Ratios $m

Market Cap 70.50

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 12.60

Fwd P/E 15.50

P/S ratio 3.47

P/B ratio 2.66

Past 5Y EPS Growth —

This Y EPS Growth 25.00%

Next Y EPS Growth 18.29%

Next Y revenue growth 18.44%

Next 5Y EPS Growth 48.23%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	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

Compound Annual Growth %

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

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	5	—	—	—	—
’26	4	4	4	7	19
’25	4	6	3	4	16
’24	—	—	—	—	18

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	(1)	—	—	—	—
’26	(1)	0	0	(1)	(1)
’25	0	0	0	0	(1)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	(1)	—	—	—	—
’26	(1)	0	0	(1)	(1)
’25	0	0	0	0	(1)

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.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	1.82	1.31	Analyst estimates 2027–2029 Powerpack
	High	—	—	—	—	—	—	—	—	23.27	8.61
People
People	Employees	—	—	—	—	—	—	—	154	154	172
	Revenue/emp, $m	—	—	—	—	—	—	0.00	0.12	0.11	0.11
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	18	18	16	19
	Gross margin, %	—	—	—	—	—	—	94.01	94.01	93.48	91.00
	EBT	—	—	—	—	—	—	6	(10)	3	3
	EBT margin, %	—	—	—	—	—	—	31.34	0.00	20.18	18.15
	Net income	—	—	—	—	—	—	0	0	2	5
	Depreciation	—	—	—	—	—	—	—	1	1	0
Per share, $
Per share, $	Revenue	—	—	—	—	—	—	0.00	1.43	1.27	1.38
	Earnings	—	—	—	—	—	—	—	0.34	0.15	0.36
	Cash flow	—	—	—	—	—	—	—	(0.03)	(0.04)	(0.06)
	Capex	—	—	—	—	—	—	—	0.00	0.00	0.00
	Free cash flow	—	—	—	—	—	—	—	(0.03)	(0.04)	(0.06)
	Book value	—	—	—	—	—	—	0.00	1.13	1.24	1.82
	Shares, m	—	—	—	—	—	—	—	12	13	14
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	85.58	85.58	85.58	6.84
	P/S	—	—	—	—	—	—	10.26	10.26	10.26	1.76
	P/B	—	—	—	—	—	—	10.50	10.50	10.50	1.34
	EV/Sales	—	—	—	—	—	—	10.37	10.37	10.37	1.71
	EV/FCF	—	—	—	—	—	—	(324.28)	(324.28)	(324.28)	(39.49)
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	—	—	0	(1)	(1)
	Capex	—	—	—	—	—	—	—	0	0	0
	Free cash flow	—	—	—	—	—	—	—	0	(1)	(1)
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	—	5	9	6	12
	Total debt	—	—	—	—	—	—	3	3	5	4
	Net debt	—	—	—	—	—	—	1	1	2	(1)
	Shareholders’ equity	—	—	—	—	—	—	14	14	16	25
Returns, %
Returns, %	ROA	—	—	—	—	—	—	0.00	0.09	10.56	15.83
	ROIC	—	—	—	—	—	—	22.83	0.00	12.30	9.26
	ROE	—	—	—	—	—	—	0.00	0.00	13.12	24.16

Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DAVA Endava PLC Sponsored ADR	$87.9M	— (loss-making)	— (loss-making)	+17.21% (above 0%: growing)	n/m	−136.07% (below 0%: shrinking)	18.60%	(207.59%)	Compare
USIO Usio Inc	$81.4M	— (loss-making)	— (loss-making)	+18.62% (above 0%: growing)	n/m	−56.12% (below 0%: shrinking)	24.18%	1.59%	Compare
VIVO Vivopower International Plc	$75.4M	— (loss-making)	— (loss-making)	−64.36% (below 0%: shrinking)	−30.77% (below 0%: shrinking)	−632.75% (below 0%: shrinking)	7.63%	0.00%	Compare
AISP Airship AI Holdings, Inc.	$72.7M	2.5×	— (loss-making)	+92.08% (above 0%: growing)	n/m	+87.08% (above 0%: growing)	75.12%	(36.15%)	Compare
ATGL Alpha Technology Group Limited	$72.4M	—	—	—	—	—	—	—	Compare
FATN FatPipe, Inc.	$70.5M	12.6×	15.5×	+27.84% (above 0%: growing)	+80.00% (above 0%: growing)	−24.05% (below 0%: shrinking)	92.25%	17.92%
VERI Veritone, Inc.	$67.5M	— (loss-making)	— (loss-making)	+4.61% (above 0%: growing)	n/m	−31.94% (below 0%: shrinking)	63.70%	(91.23%)	Compare
AILEQ iLearningEngines, Inc.	$59.3M	— (loss-making)	—	—	n/m	−56.61% (below 0%: shrinking)	69.13%	(62.87%)	Compare
AIFC AI Financial Corporation	$55.2M	— (loss-making)	— (loss-making)	−62.15% (below 0%: shrinking)	n/m	−16.14% (below 0%: shrinking)	97.56%	(29.33%)	Compare
Median of peers	$72.5M	—	—	+10.91%	—	−56.12%	63.70%	(36.15%)

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.
As of October 16, 2026, FATN traded at $5.00, a market capitalization of $70.5 million.
Return on equity was 24.2% and debt-to-equity 0.16.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 4.16 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.