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Fatpipe Inc/UT (FATN) stock

FATNNasdaqServices-Prepackaged SoftwareFiscal year ends March 31
Financials through Q2 FY2027, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 11/3050% below fair value
$4.67−0.19 (-3.81%)

Close on Nov 12, 2026Market cap $66.05MP/E 9.9Yield –

Fatpipe Inc/UT grew revenue 31.8% to $27.51M over the twelve months to Sep 30, 2026. Operating income rose 220.9% to $4.33M, moving the operating margin from 6.5% to 15.8%. Free cash flow was -$832.88K. At the latest close the market valued the company at $66.05M, 9.9 times its earnings.

Revenue
$27.51M
+31.8% vs. a year earlier
Operating income
$4.33M
+220.9% vs. a year earlier
Free cash flow
-$832.88K
FY2026
EPS, diluted
$0.47
+1466.7% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$66.05M
P/E ratio
9.9
Price to sales
2.40
Price to book
2.38
Dividend yield
–
Free cash flow yield
–

Fundamentals

Revenue
$27.51M
Net income
$4.97M
EPS, diluted
$0.47
Free cash flow
-$832.88K
Book value per share
$1.96
Diluted shares
14M

Trading

Previous close
$4.86
Open
$4.77
Day's range
$4.64 – $4.92
Volume
20,975
Average volume (20 days)
36,359
52-week range
$1.31 – $8.61
RSI (14 days)
41.8
Volatility (1 year)
136.7%
Relative volume
0.31×

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodFATNS&P 500DifferenceFATN per yearS&P 500 per year
1 month-6.7%-2.7%−4.0 pts
3 months-31.4%-1.7%−29.6 pts
Year to date+131.4%+11.9%+119.5 pts
1 year+81.9%+12.0%+69.9 pts

Four years at a glance

Fiscal years 2023 to 2026 and trailing twelve months, USD

Revenue

$27.51M+31.8% YoY

Gross profit

$19.12M+39.0% YoY

Operating income

$4.33M+220.9% YoY

Net income

–

EPS, diluted

$0.47+1466.7% YoY

Free cash flow

–
Reported periodTrailing twelve months

Press releases

Releases Fatpipe filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Fatpipe

Services-Prepackaged Software

FatPipe, Inc. develops enterprise-class, application-aware software-defined wide area network solutions and integrated single-stack cybersecurity offerings. Its core software suite comprises software-defined wide area networking, secure access service edge, single-stack cybersecurity, and network monitoring service software, typically provided as subscription services. The platform incorporates multi-line network traffic management, dynamic routing, failover capabilities, firewalls, intrusion detection and prevention, and network visibility. In addition, the company delivers cybersecurity testing and protection services, such as penetration testing, vulnerability scanning, and managed web application firewalls. It serves enterprises, communication service providers, security service providers, government organizations, and middle-market companies.

Company profile, executives and history

Fatpipe stock: common questions

What is Fatpipe's stock price?

FATN closed at $4.67 on Nov 12, 2026, down 3.81% on the day. Over the past 52 weeks it traded between $1.31 and $8.61.

What is Fatpipe's market cap?

Fatpipe was worth $66.05M at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is FATN's P/E ratio?

FATN trades at 9.9 times earnings, based on diluted earnings per share of $0.47 over the twelve months to Sep 30, 2026.

How much revenue does Fatpipe make?

Fatpipe reported revenue of $27.51M for the twelve months to Sep 30, 2026, up 31.8% from a year earlier.

Does Fatpipe pay a dividend?

No. Fatpipe has not paid a cash dividend over the last twelve months.

How has FATN stock performed over the past year?

Including dividends, FATN returned +81.9% over the past year, against +12.0% for the S&P 500.

How many FATN shares are sold short?

0M shares were sold short at the latest FINRA report, 1.01% of the float, or 2.4 days of average trading volume.

Who are Fatpipe's competitors?

Companies most similar to Fatpipe by business, industry and size include SMSI, ROC, ALAR, AISP, AWRE.

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