Fatpipe Inc/UT FATN
is a leading developer of enterprise-class, application-aware, secure SD-WAN solutions and integrated single-stack cybersecurity solutions
for organizations, including enterprises, communication service providers, security service providers, government organizations, and
other middle-market companies.
strive to be the global leader in delivering leading-edge enterprise-class networking software technology. We are dedicated to continually
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Non-US
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $18.5M | $15.4M |
| Non-US | $698.3K | $884.4K |
As the company reported it, from the “SCHEDULE OF REVENUE FROM GEOGRAPHIC CONCENTRATIONS (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $19.2M | $16.3M | $17.9M | — |
| Cost of revenue | $1.7M | $1.1M | $1.1M | — |
| Gross profit | $17.5M | $15.2M | $16.8M | — |
| R&D | $1.9M | $1.8M | — | — |
| SG&A | $4.8M | $3.4M | $3.2M | — |
| Total operating expenses | $13.9M | $11.8M | $11.2M | — |
| Operating income | $3.6M | $3.5M | $5.6M | — |
| Interest expense | $403.4K | $329.9K | $302.1K | — |
| Pre-tax income | $3.5M | $3.3M | $5.6M | — |
| Income tax | $1.5M | $1.3M | $1.4M | — |
| Net income | $5.0M | $2.0M | $4.4M | — |
| EPS, basic | 0.36 | 0.15 | 0.35 | — |
| EPS, diluted | 0.35 | 0.15 | 0.35 | — |
| Shares, diluted (wtd. avg.) | 14.0M | 12.9M | 12.4M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $5.2M | $2.9M | $1.1M | $1.1M |
| Receivables | $4.3M | $3.8M | $3.2M | — |
| Inventory | $445.8K | $419.7K | $113.5K | — |
| Total current assets | $16.5M | $13.0M | $9.3M | — |
| Property, plant and equipment | $95.5K | $57.8K | $75.5K | — |
| Other intangibles | $694.2K | $1.0M | $1.6M | — |
| Total assets | $34.5M | $28.3M | $21.4M | — |
| Accounts payable | $390.2K | $437.3K | $417.5K | — |
| Short-term debt | $391.4K | $329.8K | — | — |
| Total current liabilities | $4.3M | $6.5M | $4.7M | — |
| Long-term debt | $4.6M | $5.0M | — | — |
| Total liabilities | $9.3M | $12.4M | $7.4M | — |
| Retained earnings | $16.1M | $11.1M | $9.0M | — |
| Total equity | $25.2M | $15.9M | $14.1M | $9.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$780.4K | -$504.1K | -$363.4K | — |
| Depreciation and amortisation | $369.2K | $545.7K | $699.3K | — |
| Stock-based compensation | $770.2K | — | — | — |
| Capital expenditure | $52.5K | $19.8K | $19.2K | — |
| Investing cash flow | -$52.5K | -$19.8K | -$19.2K | — |
| Financing cash flow | $3.3M | $2.5M | $205.7K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-024184.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $17.9M | $16.3M | $19.2M |
| Gross profit | — | $16.8M | $15.2M | $17.5M |
| Net income | — | $4.4M | $2.0M | $5.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed Item 1.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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