Minnow Street Minnow Street
Buy Day today: Poor Neutral (49) Good Mixed market breadth · no major macro event

FatPipe, Inc. Common Stock (FATN)

Technology Software - Infrastructure
4.50 $
Closing price · As of: 20. Jul 2026
🔔 Watch stock

Appears in These Scanners

This stock currently matches 13 of our scanner strategies — each hit links to the scanner.

Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners

Basics

Market Cap
0.1Mrd. $
Shares Outstanding
14Mio.
Float
56.3%
Beta

Performance

Perf. 1M
-17.60%
Perf. 3M
170.80%
Perf. 6M
158.60%
YTD Performance (%)
170.00%
52-Week-High Distance
-48.5%

Valuation

P/E
16.0
Forward P/E
28.2
PEG
P/B
3.2
P/S
4.3
EV/EBITDA
20.2
Price/FCF

Profitability

Gross Margin
91.0%
EBIT Margin
Net Margin
25.9%
Return on Equity
24.2%
Return on Assets
7.1%

Balance Sheet & Safety

Equity Ratio
Debt/Equity
0.2
Altman Z
10.70
Piotroski
7 von 9

Growth

Sales Growth Last Quarter
90.40%
EPS Growth Last Quarter
327.70%
Sales Growth (Year)
17.92%
Forward Sales Growth
33.67%
Forward EPS Growth
-25.00%

Quality & Screener

Stage
2
Top 10%
RS Rating
92
Top 10%
EPS Rating
93
Piotroski
7 von 9
Fundamental Rating
A (+51 von 100)
Altman Z
10.70

AI Rating

Neutral

FatPipe verkauft SD-WAN-/Netzwerk- und Cybersecurity-Software; in sämtlichen seit dem IPO im April 2025 existierenden SEC-Berichten (2 Jahresberichte 10-K, 3 Quartalsberichte 10-Q — mehr gibt es nicht) kommt künstliche Intelligenz schlicht nicht vor: keine KI-Umsatzquelle, kein KI-Geschäftsrisiko in den Risk Factors, kein belegter operativer KI-Einsatz. Negativ-Befund per Volltext-Prüfung aller fünf Filings auf »artificial intelligence«, »machine learning«, »AI«, »deep learning«, »generative«, »neural«, »LLM«, »GPT« — null belastbare Treffer (die einzigen »LLM«-Fundstellen sind Zeichenfolgen-Fehltreffer in Kreditabsätzen zur Fortis-Bank).

View the full file — quotes, sources, reviewed filings

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Sales Per Quarter ($M)
2024: Q4 · 3.1 Mio. $ Q4 2025: Q1 · 3.1 Mio. $ Q1 2025: Q2 · 3.9 Mio. $ Q2 2025: Q3 · 4.0 Mio. $ Q3 2025: Q4 · 4.1 Mio. $ Q4 2026: Q1 · 7.2 Mio. $ Q1
Earnings Per Share Per Quarter ($)
2024: Q4 · 0.01 $ Q4 2025: Q1 · 0.01 $ Q1 2025: Q2 · 0.05 $ Q2 2025: Q3 · 0.00 $ Q3 2025: Q4 · 0.02 $ Q4 2026: Q1 · 0.28 $ Q1
Net Margin Per Quarter (%)
2024: Q4 · 2.7 % Q4 2025: Q1 · 2.7 % Q1 2025: Q2 · 18.8 % Q2 2025: Q3 · -1.1 % Q3 2025: Q4 · 7.6 % Q4 2026: Q1 · 54.8 % Q1
Operating Cash Flow Per Quarter ($M)
2024: Q4 · -0.1 Mio. $ Q4 2025: Q1 · -0.2 Mio. $ Q1 2025: Q2 · -0.5 Mio. $ Q2 2025: Q3 · 0.4 Mio. $ Q3 2025: Q4 · 0.2 Mio. $ Q4 2026: Q1 · -0.9 Mio. $ Q1
Free Cash Flow Per Quarter ($M)
2024: Q4 · -0.1 Mio. $ Q4 2025: Q1 · -0.2 Mio. $ Q1 2025: Q2 · -0.5 Mio. $ Q2 2025: Q3 · 0.4 Mio. $ Q3 2025: Q4 · 0.2 Mio. $ Q4 2026: Q1 · -0.9 Mio. $ Q1
Sales Growth vs. Year-Ago Quarter (%)
2024: Q4 · -21.5 % Q4 2025: Q1 · -41.5 % Q1 2025: Q2 · 5.0 % Q2 2025: Q3 · 5.6 % Q3 2025: Q4 · 29.8 % Q4 2026: Q1 · 129.4 % Q1
EPS Growth vs. Year-Ago Quarter (%)
2024: Q4 · -85.3 % Q4 2025: Q1 · -96.4 % Q1 2025: Q2 · 18.6 % Q2 2025: Q3 · -106.9 % Q3 2025: Q4 · 270.2 % Q4 2026: Q1 · 4,615.5 % Q1
Price Change in Quarter (%)
2025: Q3 · -35.1 % Q3 2025: Q4 · -68.4 % Q4 2026: Q1 · 20.8 % Q1

Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 0.01 -85.30 3 -21.50 2.70 0 0
2025: Q1 0.01 -96.40 3 -41.50 2.70 0 0
2025: Q2 0.05 18.60 4 5.00 18.80 -1 -1
2025: Q3 0.00 -106.90 4 5.60 -1.10 0 0
2025: Q4 0.02 270.20 4 29.80 7.60 0 0
2026: Q1 0.28 4,615.50 7 129.40 54.80 -1 -1
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

About the Company

FatPipe, Inc. entwickelt anwendungsbewusste, sichere Software-Defined-Wide-Area-Network-, Secure-Access-Service-Edge- und Network-Monitoring-Service-(NMS-)Softwarelösungen in den USA, Indien und international.

Employees172
HeadquartersSalt Lake City, UT
Websitefatpipe.com
IPO Date8. Apr 2025
Next Earnings30. Jul 2026

Management

Management
Name Title Birth Year
Ragula Bhaskar Ph.D. Co-Founder, Chairman & CEO 1959
Sanchaita Datta Co-Founder, President, CTO & Director 1964
Alisanne Korologos Director of Communications 1970
Tom Aufiero Senior Vice President of Sales
Harish Motwani Executive Vice President of Strategic Business & Solution Sales

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Chart

Interactive price chart (TradingView).

Data as of: July 20, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

Was this page helpful to you?