Fatpipe Inc/UT

Listed Company

FATNCIK 0001993400NasdaqEmerging GrowthServices-Prepackaged SoftwareUtahFY ends Mar 31

Period

FY 2026

Revenue

$19.21M

Net Income

$4.97M

Total Assets

$34.52M

Equity

$25.22M

Shares Out

14.02M

Op. Cash Flow

$-780.4K

FATN$4.46−43.47% · past yearDBEQ Basic

Daily closing prices

Business

FatPipe Inc develops enterprise-class, application-aware SD-WAN, SASE, cybersecurity, and network-monitoring software solutions delivered as subscription services. The company provides SD-WAN traffic management and failover, integrated SASE security capabilities, cybersecurity testing and managed WAF services, and NMS platform analytics. FatPipe serves enterprises, communication service providers, and government organizations primarily in the United States and India through over 100 reseller and channel partnerships, with a core mid-market customer base deployed across hybrid, SaaS, and managed-services models.

Summary from 10-K filed 2026-05-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31
Revenues	19	16	18
Cost of revenues	2	1	−1
Gross profit	17	15	17
Sales and marketing	5	4	3
General and administrative	5	3	3
Product development	2	2	—
Employee cost	2	3	3
Total operating expenses	14	12	11
Income (loss) from operations	4	3	6
Interest income	125,185	42,688	27,261
Other Income	—	1,831	—
Foreign exchange gain/(loss)	246,874	101,383	27,185
Interest expense	−475,071	−329,892	−302,124
Total other income (expense), net	−103,012	−183,990	−40,017
Income (loss) before benefit/(provision) for taxes	3	3	6
Income tax benefit/(provision)	1	−1	−1
Deferred tax asset / (liability)	—	−40,550	117,455
Net income	5	2	4
Less: Net loss attributable to non-controlling interests	—	−13,514	−87,025
Net income attributable to stockholders	5	2	—
Net income per common share - basic	0.36	0.15	0.35
Net income per common share - diluted	0.35	0.15	0.35
Weighted average common shares outstanding - basic	14	13	12
Weighted average common shares outstanding - diluted	14	13	12
Foreign currency translation adjustment	−192,030	−153,822	211,952
Total other comprehensive income, net of tax	−192,030	−153,822	211,952
Comprehensive income (loss)	5	2	4
Less: Comprehensive loss attributable to non-controlling interests	—	−13,139	−77,636
Comprehensive income attributable to stockholders	5	2	5

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31
Cash	5	3	—
Accounts receivable, net	4	4	3
Inventory	445,842	419,677	113,522
Other current assets	125,271	666,376	582,392
Contracts receivable - current, net	6	5	—
Total current assets	16	13	9
Property and equipment, net	95,506	57,844	75,498
Intangible assets, net	694,192	1	2
Operating lease right of use assets, net	1	1	204,977
Contracts receivable - non current, net	16	12	—
Other assets	372,353	379,077	186,906
Deferred tax asset	76,905	76,905	117,455
Total assets	35	28	21
Accounts payable	390,174	437,253	417,527
Accrued expenses and other current liabilities	2	4	2
Deferred revenue	1	1	2
Operating lease liabilities, current	401,406	366,677	164,152
Notes payable, current	391,397	463,422	120,000
Total current liabilities	4	6	5
Notes payable, non-current	4	5	3
Operating lease liabilities, non-current	682,437	1	50,563
Other non-current liabilities	121,818	116,988	116,007
Total liabilities	9	12	7
Commitments and contingencies (Note 9)	—	—	—
Common stock, $0.01 par value; 50,000,000 shares authorized, 14,024,468 and 13,026,464 shares of common stock issued and outstanding as of March 31, 2026 and March 31, 2025, respectively	132,245	130,265	124,493
Additional paid-in capital	6	2	2
Retained earnings	16	11	9
Accumulated other comprehensive income	3	3	3
Total stockholders equity	25	16	14
Total liabilities and stockholders equity	35	28	21

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31
Depreciation and amortization	369,249	545,709	699,257
Allowance for contract receivables	916,419	272,057	—
Stock based compensation	770,220	—	—
Allowance for accounts receivables	132,308	443,804	88,592
Bad debts written off during the year	57,167	52,942	—
Accounts receivable	−719,900	−1	−689,481
Contracts receivable	−6	−3	−7
Inventories	−26,165	−306,155	242,428
Right of use assets	—	—	—
Other current assets	541,105	−83,984	420,932
Other assets	6,724	−192,171	−78,798
Accounts payable	−47,079	19,726	176,419
Accrued expenses and other current liabilities	−2	1	929,038
Deferred revenue	−265,192	−160,780	−330,038
Other non current liabilities	−53,595	981	116,007
Operating lease liability, net	15,996	15,633	410,424
Net cash used in operating activities	−780,393	−504,124	−363,425
Purchase of equipment	−52,483	−19,762	−19,188
Net cash used in investing activities	−52,483	−19,762	−19,188
Net repayment of debt	−423,031	−3	—
Proceeds from debt	—	6	500,000
Issuance of shares pursuant to initial public offering	4	—	—
Proceeds from issuance of common stock for cash	83,000	—	—
Net cash provided by (used in) financing activities	3	2	205,678
Effect of exchange rate changes on cash and cash equivalents	−192,030	−153,822	211,952
Net change in cash and cash equivalents	2	2	35,017
Cash paid for interest	475,071	329,892	302,124
Cash paid for income taxes	—	—	—
Right of use assets obtained in exchange of lease liabilities	—	1	—
Issuance of shares for purchase of non-controlling interest	—	17,124	—

Filings

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Frequently asked questions

What is Fatpipe Inc/UT's CIK number?

Fatpipe Inc/UT's SEC CIK number is 0001993400 (1993400). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Fatpipe Inc/UT's SEC filings?

All of Fatpipe Inc/UT's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Fatpipe Inc/UT last report earnings?

Fatpipe Inc/UT (FATN) most recently filed an earnings 8-K with the SEC on May 18, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-024173). This is Fatpipe Inc/UT's most recent earnings filing of record — not a forecast of its next earnings date.

What is Fatpipe Inc/UT's most recent earnings 8-K?

Fatpipe Inc/UT's latest earnings 8-K (Item 2.02) was filed May 18, 2026 under accession 0001493152-26-024173. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Fatpipe Inc/UT's latest earnings 8-K →
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