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Fatpipe Inc/UT

FATN Clue Score58
United States Fiscal year ends March CIK 0001993400
$5.19 +1.57% Close, 9 Oct 2026
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Price $5.19 −11.73% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 8 Apr 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2024Revenue17.9Operating income5.6Net income4.4EPS, diluted0.35Fiscal year 2025Revenue16.3 −8.8%Operating income3.5Net income2.0 −55.0%EPS, diluted0.15 −57.1%Fiscal year 2026Revenue19.2 +17.9%Operating income3.6Net income5.0 +152.7%EPS, diluted0.35 +133.3%
FY2024FY2025FY2026
Revenue 17.9 16.3 19.2
Growth −8.8% +17.9%
Operating income 5.6 3.5 3.6
Net income 4.4 2.0 5.0
Growth −55.0% +152.7%
EPS, diluted 0.35 0.15 0.35
Growth −57.1% +133.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2024Gross margin94.0%Operating margin31.6%Net margin24.4%Free cash flow margin−2.1%Fiscal year 2025Gross margin93.5%Operating margin21.3%Net margin12.1%Free cash flow margin−3.2%Fiscal year 2026Gross margin91.0%Operating margin18.7%Net margin25.9%Free cash flow margin−4.3%
FY2024FY2025FY2026
Gross margin 94.0% 93.5% 91.0%
Operating margin 31.6% 21.3% 18.7%
Net margin 24.4% 12.1% 25.9%
Free cash flow margin −2.1% −3.2% −4.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2024Operating cash flow−0.4Capital expenditure−0.0Free cash flow−0.4Fiscal year 2025Operating cash flow−0.5Capital expenditure−0.0Free cash flow−0.5Fiscal year 2026Operating cash flow−0.8Capital expenditure−0.1Free cash flow−0.8
FY2024FY2025FY2026
Operating cash flow −0.4 −0.5 −0.8
Capital expenditure −0.0 −0.0 −0.1
Free cash flow −0.4 −0.5 −0.8
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2024Cash1.1Shareholders’ equity13.9Fiscal year 2025Cash2.9Total debt5.3Net cash (debt)−2.4Shareholders’ equity15.9Debt to equity0.33Fiscal year 2026Cash5.2Total debt5.0Net cash (debt)0.2Shareholders’ equity25.2Debt to equity0.20
FY2024FY2025FY2026
Cash 1.1 2.9 5.2
Total debt n/a 5.3 5.0
Net cash (debt) n/a −2.4 0.2
Shareholders’ equity 13.9 15.9 25.2
Debt to equity n/a 0.33 0.20

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Revenue and profit
17.9 16.3 19.2
Growth −8.8% +17.9%
1.1 1.1 1.7
16.8 15.2 17.5
Growth −9.3% +14.8%
n/a 1.8 1.9
3.2 3.4 4.8
5.6 3.5 3.6
Growth −38.4% +3.4%
5.6 3.3 3.5
1.4 1.3 −1.5
4.4 2.0 5.0
Growth −55.0% +152.7%
Per share
0.35 0.15 0.36
0.35 0.15 0.35
Growth −57.1% +133.3%
12.4 12.9 13.9
12.4 12.9 14.0
Growth +3.3% +8.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Profitable in every one of the 3 years on file.