Company Overview
FatPipe, Inc. develops application-aware, secure software-defined wide area network, secure access service edge, and network monitoring service (NMS) software solutions in the United States, India, and internationally. The company offers SD-WAN, a network architecture solution that allows enterprises to utilize software and virtualization technologies to enhance the performance, security, and manageability of their WANs that connect offices, data centers, cloud applications, and cloud storage; SASE that provides virtual network functions, which combine networking and network security services into a single cloud-delivered solution; and NMS, a EnterpriseView reporting system for network monitoring that provides a platform to monitor an end-user's WAN and the performance of FatPipe devices under management. It also provides technical support services, professional, technology development, cyber security, and training services. In addition, the company offers its solutions to enterprises, communication service providers, security service providers, government organizations, and other middle-market companies. The company sells its software solutions through a subscription-based model through a network of distributors, value-added resellers, internet service providers, and other third parties. FatPipe, Inc. was incorporated in 2009 and is headquartered in Salt Lake City, Utah.
Why Investors Should Care
Generates a return on equity of 23.3%, reflecting efficient use of shareholder capital.
Net profit has compounded at 19.5% per year over the last five years.
Trades at a P/E of 14.5, below the sector median of 29.2.
Maintains a net profit margin of 26.8%.
Carries low leverage with a debt-to-equity ratio of 0.21.
Recent Developments
- Mar 2026 Revenue of $19.21M (+17.9% YoY); net profit $4.97M.
- Trailing 12 Months Year-on-year growth — revenue +27.8%, earnings +74.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 6.7%, profit CAGR 19.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 6.74% |
| 1 Year: | 27.80% |
Compounded Profit Growth
| 5 Years: | 19.51% |
| 1 Year: | 74.00% |
Stock Price Performance
| 1 Year: | -22.33% |
| 6 Months: | +233.53% |
| 3 Months: | -6.90% |
| 1 Month: | -10.99% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)43.50 · Neutral
P/E of 14.54 is below the sector median of 29.22 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 23.3%.
- Excellent profit margin of 26.8%.
- Profit CAGR of 19.5% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading 36.2% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FATN FatPipe, Inc. TECH | 5.67 | 14.54 | $80.11M | 0.00% | 11.86% | 23.26% | 6.74% | 19.51% |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 225.73 | 28.50 | $5.45T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 316.22 | 36.22 | $4.61T | 0.34% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 493.95 | 27.49 | $3.67T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 439.00 | 32.71 | $2.28T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 368.56 | 46.95 | $1.75T | 0.71% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,000.26 | 22.59 | $1.13T | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 505.74 | 128.36 | $825.61B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,764.85 | 59.89 | $677.88B | 0.51% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 3.75M | 5.60M | 3.15M | 3.94M | 3.96M | 4.09M | 5.03M |
| Gross Profit | 3.47M | 5.37M | 2.77M | 3.71M | 3.65M | 3.58M | 4.64M |
| Operating Income | 859.84K | 2.26M | 184.83K | 1.00M | -793 | 402.42K | 901.47K |
| Net Income | 625.49K | 1.61M | - | 741.20K | -43.39K | - | - |
| Diluted EPS | 0.05 | 0.13 | 0.01 | 0.05 | 0.00 | 0.02 | 0.09 |
| R&D Expense | - | - | 448.57K | 474.46K | - | 453.54K | 527.04K |
Profit & Loss (Annual)
Figures in USD.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 15.80M | 17.86M | 16.29M | 19.21M |
| Cost of Revenue | - | 1.10M | 1.07M | 1.06M | 1.73M |
| Gross Profit | - | 14.69M | 16.79M | 15.23M | 17.48M |
| Operating Expenses | - | 11.45M | 11.15M | 11.76M | 13.89M |
| Operating Income | - | 3.24M | 5.64M | 3.47M | 3.59M |
| EBITDA | - | 3.83M | 6.60M | 4.16M | 4.33M |
| Interest Expense | - | 107.13K | 302.12K | 329.89K | 475.07K |
| Pretax Income | - | 3.14M | 5.60M | 3.29M | 3.49M |
| Tax Provision | - | 255.46K | 1.32M | 1.33M | -1.48M |
| Net Income | - | 2.91M | 4.37M | 1.97M | 4.97M |
| Diluted EPS | - | 0.21 | 0.32 | 0.14 | 0.35 |
| R&D Expense | - | - | - | 1.79M | 1.91M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 15.73M | 21.44M | 28.29M | 34.52M |
| Current Assets | - | 7.24M | 9.34M | 12.96M | 16.46M |
| Cash & Equivalents | - | 1.08M | 1.11M | 2.92M | 5.21M |
| Inventory | - | 355.95K | 113.52K | 419.68K | 445.84K |
| Receivables | - | 2.42M | 3.16M | 3.76M | 4.30M |
| Total Liabilities | - | 6.17M | 7.39M | 12.36M | 9.31M |
| Current Liabilities | - | 3.96M | 4.72M | 6.49M | 4.27M |
| Long Term Debt | - | 2.00M | 2.50M | 4.64M | 4.23M |
| Total Debt | - | 2.63M | 2.83M | 6.59M | 5.71M |
| Total Equity | - | 9.37M | 13.94M | 15.93M | 25.22M |
| Shares Outstanding | - | 13.72M | 13.72M | 13.72M | 14.02M |
Cash Flows (Annual)
Figures in USD.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -1.84M | -363.43K | -504.12K | -780.39K |
| Investing Cash Flow | - | -163.53K | -19.19K | -19.76K | -52.48K |
| Financing Cash Flow | - | 1.69M | 205.68K | 2.49M | 3.32M |
| Capital Expenditure | - | -163.53K | -19.19K | -19.76K | -52.48K |
| Free Cash Flow | - | -2.01M | -382.61K | -523.89K | -832.88K |
| Net Change in Cash | - | -318.90K | -176.94K | 1.96M | 2.49M |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 93.0% | 94.0% | 93.5% | 91.0% |
| Operating Margin % | - | 20.5% | 31.6% | 21.3% | 18.7% |
| Net Margin % | - | 18.4% | 24.4% | 12.1% | 25.9% |
| ROE % | - | 31.1% | 31.3% | 12.3% | 19.7% |
| ROCE % | - | 27.5% | 33.7% | 15.9% | 11.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Torrey Growth & Income Advisors | 1.49% | 210.45K | $1.21M |
| 2 | Jane Street Group, LLC | 0.89% | 125.21K | $717.45K |
| 3 | Essex Investment Management Co LLC | 0.21% | 29.05K | $166.47K |
| 4 | Citadel Advisors Llc | 0.21% | 29.59K | $169.58K |
| 5 | Blackrock Inc. | 0.19% | 27.02K | $154.82K |
| 6 | Allworth Financial LP | 0.18% | 25.68K | $147.12K |
| 7 | UBS Group AG | 0.17% | 23.84K | $136.62K |
| 8 | Focus Partners Wealth | 0.12% | 17.18K | $98.46K |
| 9 | Osaic Holdings Inc. | 0.04% | 5.50K | $31.52K |
| 10 | Jones Financial Companies, L.L.L.P. | - | 493 | $2.82K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for FATN
Trading the Move, Not the Narrative: (FATN) Edition - Stock Traders Daily
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Is FatPipe (FATN) One of the Hot Tech Stocks to Buy According to Analysts? - finance.yahoo.com
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FATN — Frequently Asked Questions
What is the current share price of FatPipe, Inc. (FATN)?
As of 2026-09-19 21:16 PDT, FatPipe, Inc. (FATN) trades at $5.67 on NasdaqCM. Its 52-week range is $1.45 to $8.89.
What is the market capitalisation of FATN?
FatPipe, Inc. (FATN) has a market capitalisation of $80.11M on NasdaqCM.
What is the P/E ratio of FATN?
FATN trades at a trailing price-to-earnings (P/E) ratio of 14.54. The industry average P/E is 29.22. Its price-to-book (P/B) ratio is 2.99.
What is the return on equity (ROE) of FATN?
FATN has a return on equity (ROE) of 23.26%. Its return on capital employed (ROCE) is 11.86%.
Is FATN a good stock to buy?
This page provides a data-driven analysis of FatPipe, Inc. (FATN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.