VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemes
DCF ValuationCalculate intrinsic value of US stocks
Market ValuationBuffett indicator, CAPE & macro gauges
Total ReturnSee dividends + price return history
DCA CalculatorSimulate recurring buys & compounding
Earnings
FAANG & Tech
AAPL vs MSFTNVDA vs AMDGOOGL vs META
Cloud & Cyber
CRM vs NOWCRWD vs PANWSNOW vs DDOG
Consumer & Auto
TSLA vs FAMZN vs WMTNFLX vs DIS
Finance & Crypto
JPM vs BACV vs MACOIN vs MSTR
Pharma & Energy
LLY vs NVOJNJ vs PFEXOM vs CVX
Compare Any Stocks...
WatchlistInsider
ScreenerThemes
Earnings
WatchlistInsider
FATN
← Back to Screener
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Data updated daily

Product

  • Screener
  • Themes
  • Valuation
  • Total Return
  • DCA Calculator
  • News
  • Earnings

Resources

  • Market Valuation
  • Compare
  • Insider Activity
  • Methodology
  • How It Works
  • Glossary
  • Learn

Get Ideas

Get weekly stock ideas — free

© 2026 VCP Scanner
AboutPrivacyTerms
Not financial advice. Do your own research.
ScreenerNewsCompareWatchlist
FATNFatPipe, Inc. Common Stock
$6.04$85M
Overview & Verdict
Overview
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice HistoryTechnical Analysis
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Ownership
Holders

FATN logoFatPipe, Inc. Common Stock(FATN)Earnings, Financials & Key Ratios

FATN•NASDAQ
$5.71
16.3× P/E·Price updated Jun 25, 2026
SectorTechnologyIndustryInfrastructure SoftwareSub-IndustryCloud networking, CDN and edge
AboutFatPipe, Inc. develops secure software-defined wide area network (SD-WAN), secure access service edge (SASE), and network monitoring service (NMS) software solutions for organizations in the United States 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 and next generation security functions, which combine networking and next generation 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, security compliance parameters, and the performance of FatPipe devices under management. It also provides technical support services, which includes implementation, configuration, and training services. The company offers its solutions to enterprises, communication service providers, security service providers, government organizations, and other middle-market companies. It sells its software solutions through a subscription-based model through a network of distributors, value-added resellers, internet service providers, and other third parties. The company was incorporated in 2009 and is based in Salt Lake City, Utah.FatPipe Networks, Inc. develops, manufactures, and markets router clustering products for wide area network (WAN) optimization, reliability, and security. The company provides IPVPN, a device for WAN optimization in private and public lines; MPVPN that provides VPN security, fault tolerance, and speed for critical VPNs; WARP, a solution for WAN redundancy, reliability, and increased bandwidth of data traffic directed from the network to the Internet, as well as data traffic directed to servers hosted internally; and XTREME, a high-speed router clustering device for WAN redundancy, reliability, load balancing, and speed for data traffic directed from the network to the Internet. It also offers WAN Optimization technology solutions; EnterpriseView for network administrators to monitor, manage, and maintain FatPipe devices from a central location; Symphony that offers software-defined WAN (SD-WAN) solution; SD-WAN for Azure that addresses connectivity issues for cloud-based real-time applications; and Cloud Connect that provides access to cloud services and centralized control of branch offices' web traffic. In addition, the company's solutions comprise premise managed, hosted managed, high bandwidth, multi-line WAN optimization, multi-path security, application control and visibility, hybrid multi line WAN, software-defined WAN, and secure hybrid WAN solutions, as well as FatPipe as a Service for MSPs. It serves markets, including healthcare benefits, hospital, hospitality, education, manufacturing, retail, publishing/media, financial, tax courts, government, government contractor, and government agency. The company markets and sells its products through a network of resellers, distributors, and dealers worldwide. FatPipe Networks, Inc. was formerly known as Ragula Systems, Inc. and changed its name to FatPipe Networks, Inc. in April 2004. The company was founded in 1989 and is based in Salt Lake City, Utah with operations in the United States, Nigeria, Philippines, Australia, India, and South Africa.Show more
  • Revenue$19M+17.9%
  • EBITDA$4M-1.5%
  • Net Income$5M+152.7%
  • EPS (Diluted)0.35+133.3%
  • Gross Margin76.41%-18.3%
  • EBITDA Margin20.61%-16.4%
  • Operating Margin18.69%-12.3%
  • Net Margin25.87%+114.3%
  • ROE24.16%+84.2%

FATN Price & Volume

FatPipe, Inc. Common Stock (FATN) stock price & volume — 10-year historical chart

Loading chart...

Volatile Revenue Growth Masks Underlying Cash Instability

Investment Thesis • Updated 2025Q4

VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Healthy
Cash Flow:Deteriorating
Primary Risk:Small scale revenue volatility

Key Thesis Takeaways

  • FatPipe demonstrates significant pricing power with gross margins consistently exceeding 80%, yet its top-line performance remains highly sensitive to lumpy contract closures, as evidenced by the 129.5% revenue surge in 2025Q4.
  • While the company has successfully grown its equity base to $25.2M through retained earnings, investors should remain cautious regarding the persistent disconnect between accounting net income and actual cash generation.
  • Future performance hinges on the firm's ability to stabilize working capital, which recently experienced a $6.1M drain that significantly obscured operational cash requirements.

Verdict Logic

while the company shows strong profitability with a 54.8% net margin in 2025Q4, the $6.1M working capital outflow suggests that current earnings quality lacks sufficient cash support to justify a more aggressive position.

FATN Growth Metrics

FatPipe, Inc. Common Stock (FATN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years6.74%
TTM39.21%

Profit CAGR

10 Years-
5 Years-
3 Years19.51%
TTM250.06%

EPS CAGR

10 Years-
5 Years-
3 Years18.56%
TTM210.6%

Return on Capital

10 Years20.37%
5 Years20.37%
3 Years23.8%
Last Year13.79%

FATN Recent Earnings

FatPipe, Inc. Common Stock (FATN) EPS & revenue vs analyst estimates — last 3 quarters

Full history →
●Beat EPS 1/3 qtrs (100%)●Beat Revenue 1/3 qtrs (50%)
Q2 2026Latest
May 18, 2026
Metric
Actual
Est
EPS
$0.39+129.4%
$0.17
Rev
$7M+10.3%
$7M
Q1 2026
Feb 2, 2026
Metric
Actual
Est
EPS
$0.02
—
Rev
$4M-27.0%
$6M
Q4 2025
Nov 3, 2025
Metric
Actual
Est
EPS
$0.00
—
Rev
$4M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 18, 2026
$0.39vs $0.17+129.4%
$7Mvs $7M+10.3%
Q1 2026Feb 2, 2026
$0.02
$4Mvs $6M-27.0%
Q4 2025Nov 3, 2025
$0.00
$4M
Based on last 3 quarters of dataView full earnings history →

Latest FATN News

Recent stock market news and headlines for FatPipe, Inc. Common Stock (FATN)

Accesswire·Jun 22, 2026
FatPipe Awarded 2026 Visionary Spotlight Award for Total Security 360 by ChannelVision Magazine

SALT LAKE CITY, UT / ACCESS Newswire / June 22, 2026 / FatPipe, Inc. (NASDAQ:FATN) today announced that ChannelVision Magazine has named FatPipe as a 2026 Visionary Spotlight Award (VSA) winner for Total Security 360. The annual Visionary Spotlight Awards is among the channel's longest-running awards programs, having celebrated innovation, leadership and success for more than a decade.

Accesswire·Jun 18, 2026
FatPipe Awarded 2026 Visionary Spotlight Award for SD-WAN by ChannelVision Magazine

SALT LAKE CITY, UT / ACCESS Newswire / June 18, 2026 / FatPipe, Inc. (NASDAQ:FATN) today announced ChannelVision Magazine has named FatPipe as a 2026 Visionary Spotlight Award (VSA) winner for SD-WAN. The annual Visionary Spotlight Awards is among the channel's longest-running awards programs, having celebrated innovation, leadership and success for more than a decade.

Peers Comparison

Key metrics vs top competitors for FatPipe, Inc. Common Stock (FATN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FATN logoFATNFatPipe, Inc. Common StockCurrent
$5.71$80.08M16.3117.92%25.87%24.16%—
SIFY logoSIFYSify Technologies Limited
$14.99$1.08B-130.2211.93%-3.62%-7.48%—
NTCT logoNTCTNetScout Systems, Inc.
$40.57$2.9B31.214.47%11.12%5.96%—
CMBM logoCMBMCambium Networks Corporation
$0.13$3.67M-0.05-25.84%-56.98%-224.89%—
CALX logoCALXCalix, Inc.
$35.20$2.27B135.3820.26%3.2%4.25%—
DDOG logoDDOGDatadog, Inc.
$220.94$78.65B736.4727.68%3.69%3.78%—

Compare FATN vs Peers

FatPipe, Inc. Common Stock (FATN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SIFY

Most directly comparable listed peer for FATN.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare FATN against a more recognizable public peer.

Peer Set

Compare Top 5

vs SIFY, NTCT, CMBM, CALX

FATN SEC Filings & Documents

FatPipe, Inc. Common Stock (FATN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

4
Material company update

May 18, 2026·SEC

Material company update

Apr 30, 2026·SEC

Material company update

Mar 5, 2026·SEC

10-K Annual Reports

2
FY 2026

May 18, 2026·SEC

FY 2025

Jun 30, 2025·SEC

10-Q Quarterly Reports

3
FY 2026

Feb 2, 2026·SEC

FY 2025

Nov 3, 2025·SEC

FY 2025

Jul 30, 2025·SEC

Get notified when FATN posts new earnings or crosses analyst targets

Free. No account needed. Unsubscribe any time.

Free. Unsubscribe any time.

FATN Frequently Asked Questions

FatPipe, Inc. Common Stock (FATN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is FatPipe, Inc. Common Stock's revenue?

FatPipe, Inc. Common Stock (FATN) reported $19.2M in revenue for fiscal year 2025. This represents a 55% increase from $12.4M in 2021.

How fast is FatPipe, Inc. Common Stock growing?

FatPipe, Inc. Common Stock (FATN) grew revenue by 17.9% over the past year. This is strong growth.

Is FATN profitable?

Yes, FatPipe, Inc. Common Stock (FATN) is profitable, generating $5.0M in net income for fiscal year 2025 (25.9% net margin).

Dividend & Returns
What is FATN's return on equity?

FatPipe, Inc. Common Stock (FATN) has a return on equity (ROE) of 24.2%. This is excellent, indicating efficient use of shareholder capital.

What is FatPipe, Inc. Common Stock's free cash flow?

FatPipe, Inc. Common Stock (FATN) had negative free cash flow of $0.8M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in FATN back in 2021?

Total return calculator · dividends reinvested · 5+ years of data

See returns →