F
Fatpipe Inc/UT
FATNCIK 0001993400NasdaqEmerging GrowthServices-Prepackaged SoftwareUtahFY ends Mar 31
Period
FY 2025
Revenue
$16.29M
Net Income
$1.97M
Total Assets
$28.29M
Equity
$15.93M
Shares Out
13.92M
Op. Cash Flow
$-504.1K
Business
FatPipe Inc/UT develops and delivers enterprise-class, application-aware secure SD-WAN networking software. Its main products and services include SD-WAN, SASE and Network Monitoring Service (NMS) software, typically offered as subscription and managed-service bundles, along with technical support, professional services and consulting through its FatPipe Technologies division. Key business segments include its software product suite, subscription/managed services and consulting/technology development services, plus a reseller/channel partnership network. The company sells globally with largest customer bases in the United States and India and distributes via distributors, value-added resellers, ISPs and direct service relationships, targeting North America, parts of Southeast Asia and Mexico.
Summary from filing dated 2025-06-30
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Revenue | 19 | 16 | |
| Cost of Revenue | 2 | 1 | |
| Gross profit | 17 | 15 | |
| Operating expenses: | — | — | |
| Selling, General and Administrative Expense | 5 | 4 | |
| Selling, General and Administrative Expense | 5 | 3 | |
| Research and Development Expense | 2 | 2 | |
| Employee cost | 2 | 3 | |
| Total operating expenses | 14 | 12 | |
| Income (loss) from operations | 4 | 3 | |
| Other income (expense), net: | — | — | |
| Interest and Dividend Income (Non-Bank) | 125,185 | 42,688 | |
| Other Income | — | 1,831 | |
| Foreign Currency Gain/Loss | 246,874 | 101,383 | |
| Interest expense | 475,071 | 329,892 | |
| Total other income (expense), net | −103,012 | −183,990 | |
| Income Before Tax | 3 | 3 | |
| Income tax benefit/(provision) | −1 | 1 | |
| Deferred tax asset / (liability) | — | −40,550 | |
| Net income | 5 | 2 | |
| Net Income Attributable to Noncontrolling Interest | — | −13,514 | |
| Net income attributable to stockholders | 5 | 2 | |
| Earnings per share basic | 0.36 | 0.15 | |
| Earnings per share diluted | 0.35 | 0.15 | |
| Weighted Average Shares Outstanding | 14 | 13 | |
| Weighted Average Shares Outstanding, Diluted | 14 | 13 | |
| Other comprehensive income (loss): | — | — | |
| Foreign currency translation adjustment | −192,030 | −153,822 | |
| Total other comprehensive income, net of tax | −192,030 | −153,822 | |
| Comprehensive income (loss) | 5 | 2 | |
| Net Income Attributable to Noncontrolling Interest | — | −13,139 | |
| Comprehensive income attributable to stockholders | 5 | 2 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| ASSETS | — | — | |
| Current assets: | — | — | |
| Cash and Cash Equivalents | 5 | 3 | |
| Accounts Receivable | 4 | 4 | |
| Inventory | 445,842 | 419,677 | |
| Other Non-Operating Current Assets | 125,271 | 666,376 | |
| Contracts receivable - current, net | 6 | 5 | |
| Total current assets | 16 | 13 | |
| Property, Plant and Equipment | 95,506 | 57,844 | |
| Intangible Assets | 694,192 | 1 | |
| Operating Lease Right-of-Use Asset | 1 | 1 | |
| Contracts receivable - non current, net | 16 | 12 | |
| Other Non-Operating Non-Current Assets | 372,353 | 379,077 | |
| Deferred Tax Assets, Non-Current | 76,905 | 76,905 | |
| Total assets | 35 | 28 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | — | — | |
| Current liabilities: | — | — | |
| Accounts Payable | 390,174 | 437,253 | |
| Other Current Liabilities | 2 | 4 | |
| Other Current Liabilities | 1 | 1 | |
| Less: Current portion | 401,406 | 366,677 | |
| Short-Term Debt | 391,397 | 463,422 | |
| Total current liabilities | 4 | 6 | |
| Long-Term Debt | 4 | 5 | |
| Operating Lease Liability, Non-Current | 682,437 | 1 | |
| Other Non-Operating Non-Current Liabilities | 121,818 | 116,988 | |
| Total liabilities | 9 | 12 | |
| Commitments and contingencies (Note 9) | — | — | |
| Stockholders’ equity: | — | — | |
| Total Stockholders' Equity | 132,245 | 130,265 | |
| Additional Paid-In Capital | 6 | 2 | |
| Retained Earnings | 16 | 11 | |
| Accumulated Other Comprehensive Income | 3 | 3 | |
| Total stockholders’ equity | 25 | 16 | |
| Total liabilities and stockholders’ equity | 35 | 28 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Cash Flows From Operating Activities | — | — | |
| Net income | 5 | 2 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | — | — | |
| Depreciation Expense | 369,249 | 545,709 | |
| Allowance for contract receivables | 916,419 | 272,057 | |
| Stock-Based Compensation Expense | 770,220 | — | |
| Provision for Doubtful Accounts (CF) | 132,308 | 443,804 | |
| Bad Debt Expense | 57,167 | 52,942 | |
| Changes in operating assets and liabilities: | — | — | |
| Accounts receivable | 719,900 | 1 | |
| Contracts receivable | 6 | 3 | |
| Inventories | 26,165 | 306,155 | |
| Right of use assets | — | — | |
| Other current assets | −541,105 | 83,984 | |
| Other assets | −6,724 | 192,171 | |
| Accounts payable | −47,079 | 19,726 | |
| Accrued expenses and other current liabilities | −2 | 1 | |
| Deferred revenue | −265,192 | −160,780 | |
| Other non current liabilities | −53,595 | 981 | |
| Net Cash from Operating Activities | 15,996 | 15,633 | |
| Net cash used in operating activities | −780,393 | −504,124 | |
| Cash Flows From Investing Activities | — | — | |
| Purchase of equipment | 52,483 | 19,762 | |
| Net cash used in investing activities | −52,483 | −19,762 | |
| Cash Flows From Financing Activities | — | — | |
| Net repayment of debt | 423,031 | 3 | |
| Proceeds from Debt Issuance | — | 6 | |
| Issuance of shares pursuant to initial public offering | 4 | — | |
| Stock Repurchases (Issuances) | 83,000 | — | |
| Net cash provided by (used in) financing activities | 3 | 2 | |
| Effect of Exchange Rate on Cash | −192,030 | −153,822 | |
| Net change in cash and cash equivalents | 2 | 2 | |
| Cash and cash equivalents: | — | — | |
| End of the period | — | — | |
| End of the period | — | — | |
| Supplemental Disclosure of Cash Flow Information | — | — | |
| Interest Expense | 475,071 | 329,892 | |
| Income Tax Expense | — | — | |
| Supplemental Disclosure of Non-Cash Investing Activities and Financing Activities: | — | — | |
| Net Cash from Operating Activities | — | 1 | |
| Issuance of shares for purchase of non-controlling interest | — | 17,124 |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro