Fatpipe Inc/UT (NASDAQ:FATN)
Insiders here have filed 2 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Keeps a healthy share of every dollar it sells.
- Revenue
- $21.2M
- Net income
- $6.7M
- Net margin
- 31.6%
Little or no net debt.
- Total debt
- $5.3M
- Cash
- $3.1M
- Net debt / EBITDA
- 0.45x
Comfortably covers what is due within a year.
- Current assets
- $15.7M
- Current liabilities
- $3.1M
- Current ratio
- 5.13
Consumes cash and must keep raising it.
- Operating cash flow
- -$2.5M
- Free cash flow
- -$2.5M
- FCF margin
- -11.7%
Some dilution over the past year.
- Shares outstanding
- 14.1M
- Share growth (1y)
- 1.7%
- Cash runway
- 15 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
FATN Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | 4.83 M | 5.03 M | 7.23 M | 4.09 M | 3.96 M | 3.94 M |
| Revenue Growth (YoY) | 22.10 % | 27.84 % | 129.47 % | 29.83 % | 5.57 % | 4.95 % |
| Cost of Revenue | 484.93 K | 390.06 K | 684.73 K | 503.82 K | 312.90 K | 226.93 K |
| Gross Profit | 4.35 M | 4.64 M | 6.54 M | 3.58 M | 3.65 M | 3.71 M |
| SG&A Expense | 2.40 M | 3.21 M | 3.87 M | 2.73 M | 3.16 M | 2.23 M |
| R&D Expense | 524.78 K | 527.04 K | 487.89 K | 453.54 K | 489.16 K | 474.46 K |
| Operating Expenses | 3.50 M | 3.74 M | 4.36 M | 3.18 M | 3.65 M | 2.71 M |
| Operating Income | 844.65 K | 901.47 K | 2.19 M | 402.42 K | -793.00 | 1.00 M |
| Pretax Income | 830.82 K | 855.40 K | 2.19 M | 400.85 K | -55.98 K | 956.38 K |
| Tax Provision | -370.81 K | -370.93 K | -1.78 M | 90.19 K | -12.60 K | 215.19 K |
| Net Income | 1.20 M | 1.23 M | 3.96 M | 310.66 K | -43.39 K | 741.20 K |
| EPS (Basic) | 0.09 | 0.09 | 0.28 | 0.02 | -0.00 | 0.05 |
| EPS (Diluted) | 0.09 | 0.09 | 0.28 | 0.02 | -0.00 | 0.05 |
| Shares Outstanding | 14.13 M | 14.09 M | 14.02 M | 13.92 M | 13.89 M | 13.83 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.