FatPipe, Inc. (FATN) Income Statement
FATN FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsFATN revenue and net income
Where FATN's revenue goes
FY2026Each bar shows an amount and its share of revenue. FATN kept 25.9% of revenue as net income.
FATN profit margins
FATN growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +17.9% | +6.7% | — | — |
| Gross profit | +14.8% | +6.0% | — | — |
| Operating income | +3.4% | +3.5% | — | — |
| Net income | +152.7% | +19.5% | — | — |
| EPS (diluted) | — | +25.0% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FATN quarterly EPS vs estimates
FatPipe beat the analyst EPS estimate in 3 of the last 4 quarters. Next report: November 2, 2026 (estimate $0.04).
FATN income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $19.2M | $16.3M | $17.9M | $15.8M | $12.4M |
| Cost of revenue | $1.7M | $1.1M | $1.1M | $1.1M | $691,605 |
| Gross profit | $17.5M | $15.2M | $16.8M | $14.7M | $11.7M |
| Research & development | $1.9M | $1.8M | $1.7M | $1.8M | $1.6M |
| Sales, general & admin | $12.0M | $10.0M | $9.4M | $9.7M | $10.3M |
| Total operating expenses | $13.9M | $11.8M | $11.2M | $11.5M | $11.9M |
| Operating income | $3.6M | $3.5M | $5.6M | $3.2M | −$224,135 |
| Interest income | $125,185 | $42,688 | $27,261 | $134 | $84,299 |
| Interest expense | $475,071 | $329,892 | $302,124 | $107,131 | $31,271 |
| Income before taxes | $3.5M | $3.3M | $5.6M | $3.1M | $486,878 |
| Income taxes | −$1.5M | $1.3M | $1.3M | $255,457 | $32,685 |
| Net income | $5.0M | $2.0M | $4.4M | $2.9M | $483,731 |
| EBITDA | $4.3M | $4.2M | $6.6M | $3.8M | $1.0M |
| EPS (diluted) | $0.41 | −$0.02 | $0.32 | $0.21 | — |
| Gross margin | 91.0% | 93.5% | 94.0% | 93.0% | 94.4% |
| Operating margin | 18.7% | 21.3% | 31.6% | 20.5% | −1.8% |
| Net margin | 25.9% | 12.1% | 24.4% | 18.4% | 3.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0M | $7.2M | $4.1M | $4.0M | $3.9M | $3.1M | $3.1M | $3.8M | $3.8M | $5.4M | $4.0M |
| Cost of revenue | $390,062 | $684,730 | $503,816 | $312,904 | $226,934 | $379,870 | $379,870 | $283,680 | $283,680 | $451,270 | $177,716 |
| Gross profit | $4.6M | $6.5M | $3.6M | $3.6M | $3.7M | $2.8M | $2.8M | $3.5M | $3.5M | $4.9M | $3.8M |
| Research & development | $527,045 | $487,889 | $453,539 | $489,157 | $474,457 | $448,568 | $448,568 | $423,500 | $423,500 | $465,539 | $407,216 |
| Sales, general & admin | $3.2M | $3.9M | $2.7M | $3.2M | $2.2M | $2.1M | $2.1M | $2.2M | $2.2M | $2.1M | $2.4M |
| Total operating expenses | $3.7M | $4.4M | $3.2M | $3.6M | $2.7M | $2.6M | $2.6M | $2.6M | $2.6M | $2.5M | $2.8M |
| Operating income | $901,465 | $2.2M | $402,420 | −$793 | $1.0M | $184,829 | $184,829 | $859,843 | $859,843 | $2.4M | $1.0M |
| Interest income | $41,682 | $35,292 | $41,145 | $42,949 | $5,799 | $16,832 | $15,342 | $15,576 | $26,090 | $26,723 | $7,788 |
| Interest expense | $95,112 | $175,078 | $104,072 | $126,033 | $69,888 | $118,081 | $118,081 | $86,032 | $86,032 | $83,630 | $85,548 |
| Income before taxes | $855,403 | $2.2M | $400,854 | −$55,982 | $956,380 | $144,427 | $144,427 | $772,475 | $772,475 | $2.5M | $921,313 |
| Income taxes | −$370,925 | −$1.8M | $90,192 | −$12,595 | $215,185 | $60,054 | $60,054 | $163,398 | $163,398 | $234,505 | $369,632 |
| Net income | $1.2M | $4.0M | $310,662 | −$43,387 | $741,195 | $84,373 | $84,373 | $625,493 | $625,493 | $2.3M | $571,378 |
| EBITDA | $993,629 | $2.4M | $607,763 | $174,159 | $1.1M | $395,170 | $395,170 | $992,052 | $992,052 | $2.9M | $1.1M |
| EPS (diluted) | $0.09 | $0.34 | $0.02 | −$0.00 | $0.05 | −$0.03 | $0.01 | — | — | — | — |
| Gross margin | 92.2% | 90.5% | 87.7% | 92.1% | 94.2% | 87.9% | 87.9% | 92.4% | 92.4% | 91.6% | 95.6% |
| Operating margin | 17.9% | 30.2% | 9.8% | −0.0% | 25.5% | 5.9% | 5.9% | 22.9% | 22.9% | 44.3% | 25.6% |
| Net margin | 24.4% | 54.8% | 7.6% | −1.1% | 18.8% | 2.7% | 2.7% | 16.7% | 16.7% | 43.5% | 14.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FATN's financial statements (latest annual report filed May 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FATN financial results
In fiscal year 2026 (ended March 31, 2026), FatPipe reported revenue of $19.2 million, up 17.9% from the year before. It had net income of $5.0 million (up 152.7%), a net profit margin of 25.9%. Diluted earnings per share came to $0.41.
See the FATN stock overview for the latest quote and news, or the FATN chart for price history and technical indicators.
FATN income statement FAQ
What is FatPipe's annual revenue?
FatPipe reported total revenue of $19.2 million for fiscal year 2026, which ended on March 31, 2026. That was up 17.9% from $16.3 million the previous year.
Is FatPipe profitable?
Yes. FatPipe reported net income of $5.0 million in fiscal 2026, a net profit margin of 25.9%; its operating margin was 18.7%.
What is FatPipe's gross margin?
FatPipe's gross margin was 91.0% in fiscal 2026: for every $100 of revenue, FatPipe kept $91 after the direct cost of its products and services.
How much does FatPipe spend on research and development?
FatPipe spent $1.9 million on research and development in fiscal 2026, 9.9% of revenue.
What are FatPipe's earnings per share?
FatPipe earned $0.41 per diluted share in fiscal 2026, compared with $-0.02 a year earlier.
When will FatPipe report its next earnings?
FatPipe is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 after the market closes.
When does FatPipe's fiscal year end?
FatPipe's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 18, 2026.