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FatPipe, Inc. (FATN)

NASDAQ: FATN · USD

$5.19

+0.07 (+1.4%)· Recorded snapshot

Market cap	73.3M
Revenue (ttm)	20.3M
Net income (ttm)	5.4M
EPS (ttm)	$0.39
Shares out	14.1M
P/E (trailing)	13.3x
P/E (forward)	12.8x
Volume	35,395

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 20.3M
Net income (ttm): 5.4M
EPS (ttm): $0.39
P/E (trailing): 13.3x
P/E (forward): 12.8x
Market cap: 73.3M

Metric	Value
Amount currency	USD
CIK code	0001993400
Company name	FatPipe, Inc.
Country	United States
Country code	US
CUSIP number	311921100
Earnings date	2026-11-04
Earnings time	amc
Employees	172
Employees change	18
Employees growth	11.69%
Enterprise value	$74.5M
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	March
Founded	1989
Industry	Software - Infrastructure
IPO date	2025-04-08
Is primary listing	Yes
Is SPAC	No
ISIN number	US3119211007
Last 10-K release date	2026-05-18
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$73.3M
Market cap category	Micro-Cap
Next earnings date	2026-11-04
Options	No
Price	$5.19
Price currency	USD
Sector	Technology
SIC code	7372
Stock price date	2026-10-28
Symbol	FATN
U.S. state	Utah
Website	https://www.fatpipe.com

Metric

Value

Amount currency

USD

CIK code

0001993400

Company name

FatPipe, Inc.

Country

United States

Country code

CUSIP number

311921100

Earnings date

2026-11-04

Earnings time

amc

Employees

172

Employees change

Employees growth

11.69%

Enterprise value

$74.5M

Exchange

NASDAQ

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-05-09

Fiscal year end

March

Founded

1989

Industry

Software - Infrastructure

IPO date

2025-04-08

Is primary listing

Yes

Is SPAC

ISIN number

US3119211007

Last 10-K release date

2026-05-18

Last earnings date

2026-07-30

Last refreshed

2026-10-28

Last stock split type

Never

Market cap

$73.3M

Market cap category

Micro-Cap

Next earnings date

2026-11-04

Options

Price

$5.19

Price currency

USD

Sector

Technology

SIC code

7372

Stock price date

2026-10-28

Symbol

FATN

U.S. state

Utah

Website

https://www.fatpipe.com

Metric	Value
Earnings yield	7.5%
EV/Earnings	13.52x
EV/EBIT	21.09x
EV/EBITDA	19.31x
EV/Sales	3.62x
FCF / EV yield	-1.31%
FCF yield	-1.33%
Forward EV/Sales	3.12x
Forward P/E	12.81x
Forward P/S	3.07x
Graham number	4.0552
Graham upside	-20.8%
Industry forward P/E	29.37x
Industry P/E	39.02x
P/B ratio	2.73x
P/E ratio	13.33x
P/S ratio	3.56x
PEG ratio	0.56x
Price / tangible book value	2.8x
Price/EBITDA ratio	18.99x
Sector forward P/E	18.86x
Sector P/E	32.77x

Metric

Value

Earnings yield

7.5%

EV/Earnings

13.52x

EV/EBIT

21.09x

EV/EBITDA

19.31x

EV/Sales

3.62x

FCF / EV yield

-1.31%

FCF yield

-1.33%

Forward EV/Sales

3.12x

Forward P/E

12.81x

Forward P/S

3.07x

Graham number

4.0552

Graham upside

-20.8%

Industry forward P/E

29.37x

Industry P/E

39.02x

P/B ratio

2.73x

P/E ratio

13.33x

P/S ratio

3.56x

PEG ratio

0.56x

Price / tangible book value

2.8x

Price/EBITDA ratio

18.99x

Sector forward P/E

18.86x

Sector P/E

32.77x

Metric	Value
EBIT margin	17.18%
EBITDA margin	18.76%
Gross margin	90.68%
Operating margin	17.18%
Pretax margin	16.67%
Profit margin	26.8%
Profit per employee	$31,637
Profitable quarters	3
Profitable years	4
Revenue per employee	$118,046
ROA	6.46%
ROCE	11.13%
ROE	23.26%
ROIC	13.06%
ROIC (5Y)	17.44%
SBC / revenue	4.8%
Tax / revenue	-10.19%

Metric

Value

EBIT margin

17.18%

EBITDA margin

18.76%

Gross margin

90.68%

Operating margin

17.18%

Pretax margin

16.67%

Profit margin

26.8%

Profit per employee

$31,637

Profitable quarters

Profitable years

Revenue per employee

$118,046

ROA

6.46%

ROCE

11.13%

ROE

23.26%

ROIC

13.06%

ROIC (5Y)

17.44%

SBC / revenue

4.8%

Tax / revenue

-10.19%

Metric	Value
EPS growth	157.72%
EPS growth (Q)	74.04%
EPS growth (QoQ)	-67.69%
EPS growth quarters	3
EPS growth years	1
Gross profit growth	19.02%
Gross profit growth (Q)	25.14%
Net income growth	159.66%
Net income growth (Q)	62.49%
Net income growth (QoQ)	-69.04%
Net income growth quarters	3
Net income growth years	1
Operating income growth	-3.5%
Operating income growth (Q)	-10.09%
Revenue growth	23.25%
Revenue growth (Q)	27.84%
Revenue growth (QoQ)	-30.36%
Revenue growth quarters	3
Revenue growth years	1

Metric

Value

EPS growth

157.72%

EPS growth (Q)

74.04%

EPS growth (QoQ)

-67.69%

EPS growth quarters

EPS growth years

Gross profit growth

19.02%

Gross profit growth (Q)

25.14%

Net income growth

159.66%

Net income growth (Q)

62.49%

Net income growth (QoQ)

-69.04%

Net income growth quarters

Net income growth years

Operating income growth

-3.5%

Operating income growth (Q)

-10.09%

Revenue growth

23.25%

Revenue growth (Q)

27.84%

Revenue growth (QoQ)

-30.36%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	$-14,554
Depreciation and amortization	$320,406
EBIT	$3.5M
EBITDA	$3.8M
EPS	$0.39
FCF per share	$-0.07
Financing cash flow	$-366,847
Free cash flow	$-965,390
Free cash flow minus SBC	$-1.9M
Gross profit	$18.4M
Income taxes	$-2.1M
Investing cash flow	$-14,554
Net borrowing	$-324,537
Net cash flow	$-1.6M
Net income	$5.4M
Operating cash flow minus SBC	$-1.9M
Operating income	$3.5M
Revenue	$20.3M
Stock-based compensation	$974,510

Metric

Value

Capital expenditures

$-14,554

Depreciation and amortization

$320,406

EBIT

$3.5M

EBITDA

$3.8M

EPS

$0.39

FCF per share

$-0.07

Financing cash flow

$-366,847

Free cash flow

$-965,390

Free cash flow minus SBC

$-1.9M

Gross profit

$18.4M

Income taxes

$-2.1M

Investing cash flow

$-14,554

Net borrowing

$-324,537

Net cash flow

$-1.6M

Net income

$5.4M

Operating cash flow minus SBC

$-1.9M

Operating income

$3.5M

Revenue

$20.3M

Stock-based compensation

$974,510

Metric	Value
Altman Z-Score	5.86
Book value per share	$1.88
Debt / EBITDA	1.28
Debt / equity	0.21
Interest coverage	6.97
Long-term assets	$19.1M
Long-term liabilities	$4.8M
Net cash (debt)	$-1.2M
Net cash / market cap	-1.67%
Net debt / EBITDA	0.32
Net debt / equity	0.05
Piotroski F-Score	4
Property, plant and equipment	$1M
Shareholders' equity	$26.5M
Tangible book value	$25.9M
Tangible book value per share	$1.83
Total assets	$35.5M
Total cash	$4.3M
Total debt	$5.5M
Total liabilities	$9M

Metric

Value

Altman Z-Score

5.86

Book value per share

$1.88

Debt / EBITDA

1.28

Debt / equity

0.21

Interest coverage

6.97

Long-term assets

$19.1M

Long-term liabilities

$4.8M

Net cash (debt)

$-1.2M

Net cash / market cap

-1.67%

Net debt / EBITDA

0.32

Net debt / equity

0.05

Piotroski F-Score

Property, plant and equipment

$1M

Shareholders' equity

$26.5M

Tangible book value

$25.9M

Tangible book value per share

$1.83

Total assets

$35.5M

Total cash

$4.3M

Total debt

$5.5M

Total liabilities

$9M

Metric	Value
Asset turnover	0.6
Current assets	$16.4M
Current liabilities	$4.1M
Current ratio	3.98
Inventory turnover	3.21
Net working capital	$8.8M
Quick ratio	3.74
Working capital	$12.3M
Working capital turnover	1.82

Metric

Value

Asset turnover

0.6

Current assets

$16.4M

Current liabilities

$4.1M

Current ratio

3.98

Inventory turnover

3.21

Net working capital

$8.8M

Quick ratio

3.74

Working capital

$12.3M

Working capital turnover

1.82

Metric	Value
Buyback yield / dilution	-6.59%
Dividend yield	0%
Shareholder yield	-6.59%

Metric

Value

Buyback yield / dilution

-6.59%

Dividend yield

Shareholder yield

-6.59%

Metric	Value
150-day SMA	$4.91
1D price change	1.37%
1M price change	-2.82%
1M total return	-2.82%
1W price change	-3.37%
1W total return	-3.37%
1Y price change	20.28%
1Y return CAGR	20.3%
1Y total return	20.28%
20-day SMA	$5.21
200-day SMA	$4.15
3M price change	-0.96%
3M total return	-0.96%
50-day SMA	$5.54
50-day SMA vs 200-day SMA	50over200
52-week high	$8.61
52-week high date	2026-05-28
52-week low	$1.31
52-week low date	2026-03-03
6M price change	159.3%
6M total return	159.3%
All-time high	$23.27
All-time high date	2025-04-08
All-time low	$1.31
All-time low date	2026-03-03
Average true range (ATR)	$0.35
Average volume	34K
Beta (1Y)	1.33
Beta (2Y)	1.55
Change from 52-week high	-39.7%
Change from 52-week low	296.18%
Change from all-time high	-77.83%
Change from all-time low	293.89%
Change from open	0.19%
Day's gap	1.17%
Dollar volume	$183,700
High price	$5.19
Low price	$5.15
Monthly RSI	37.53
Open price	$5.18
Position in 52-week range	100%
Previous close	$5.12
Price vs 150-day SMA	5.07%
Price vs 20-day SMA	-0.96%
Price vs 200-day SMA	24.49%
Price vs 50-day SMA	-6.79%
Relative volume	1.04
Return from IPO open	-21.23%
Return from IPO price	-10.96%
RSI	45.4
Sharpe ratio	0.73
Sortino ratio	1.44
Volume	35.4K
Weekly RSI	50.91
YTD price change	155.45%
YTD total return	155.45%

Metric

Value

150-day SMA

$4.91

1D price change

1.37%

1M price change

-2.82%

1M total return

-2.82%

1W price change

-3.37%

1W total return

-3.37%

1Y price change

20.28%

1Y return CAGR

20.3%

1Y total return

20.28%

20-day SMA

$5.21

200-day SMA

$4.15

3M price change

-0.96%

3M total return

-0.96%

50-day SMA

$5.54

50-day SMA vs 200-day SMA

50over200

52-week high

$8.61

52-week high date

2026-05-28

52-week low

$1.31

52-week low date

2026-03-03

6M price change

159.3%

6M total return

159.3%

All-time high

$23.27

All-time high date

2025-04-08

All-time low

$1.31

All-time low date

2026-03-03

Average true range (ATR)

$0.35

Average volume

34K

Beta (1Y)

1.33

Beta (2Y)

1.55

Change from 52-week high

-39.7%

Change from 52-week low

296.18%

Change from all-time high

-77.83%

Change from all-time low

293.89%

Change from open

0.19%

Day's gap

1.17%

Dollar volume

$183,700

High price

$5.19

Low price

$5.15

Monthly RSI

37.53

Open price

$5.18

Position in 52-week range

100%

Previous close

$5.12

Price vs 150-day SMA

5.07%

Price vs 20-day SMA

-0.96%

Price vs 200-day SMA

24.49%

Price vs 50-day SMA

-6.79%

Relative volume

1.04

Return from IPO open

-21.23%

Return from IPO price

-10.96%

RSI

45.4

Sharpe ratio

0.73

Sortino ratio

1.44

Volume

35.4K

Weekly RSI

50.91

YTD price change

155.45%

YTD total return

155.45%

Metric	Value
Float	6.3M
Float percentage	44.36%
Shares change (QoQ)	-2.54%
Shares change (YoY)	6.59%
Shares held by insiders	46.84%
Shares held by institutions	6.37%
Shares outstanding	14.1M
Short % of float	1.57%
Short % of shares	0.7%
Short ratio	1.6 days

Metric

Value

Float

6.3M

Float percentage

44.36%

Shares change (QoQ)

-2.54%

Shares change (YoY)

6.59%

Shares held by insiders

46.84%

Shares held by institutions

6.37%

Shares outstanding

14.1M

Short % of float

1.57%

Short % of shares

0.7%

Short ratio

1.6 days

FatPipe, Inc. (FATN)

Price

Financial snapshot

Fair-value bridge

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Valuation

Profitability

Balance sheet

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Profile and market data

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Performance and technicals

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Deeper analysis on FATN

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