FATN FatPipe, Inc. - common stock
$4.63
Price · May 20, 2026
Fundamentals as of Feb 2, 2026
52W Range
$1–$12
30% of range
Analyst Rating
—
Price Target
$9
+87% upside
P/E (TTM)
—
ROE
13.2%
Net Profit Margin
12.1%
FATN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$4.63
Market Cap
—
P/E (TTM)
—
EPS (TTM)
$0.15
Revenue (TTM)
$16M
Div Yield
—
ROE
13.2%
Debt/Equity
0.0
52W Range
$1 – $12
FATN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$16M
2024-03-31
→
2025-03-31
EPS
$0.15
2024-03-31
→
2025-03-31
Free Cash Flow
$-520.9K
2025-03-31
→
2025-03-31
Margins
12.1%
2025-03-31
→
2025-03-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FATN
Peer Median
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FATN
Peer Median
Gross Margin
93.5%
81.2%
Operating Margin
21.3%
—
Net Profit Margin
12.1%
-2.5%
ROA
7.9%
-7.0%
ROE
13.2%
-12.8%
ROIC
12.9%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FATN
Peer Median
Debt / Equity
0.0
0.0
Current Ratio
2.0
3.0
Quick Ratio
1.0
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FATN
Peer Median
Revenue YoY
-8.8%
—
EPS YoY
-57.1%
—
Net Income YoY
-55.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FATN
Peer Median
FATN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
3 analysts · 2026-05-16
Median
$8.00
Mean
$8.67
← Below all targets
$4.63
Low
$6.00
High
$12.00
Median target
$8.00
+72.9%
Mean target
$8.67
+87.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.27%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Dec. 31, 2026 | $0.39 | $0.12 | — |
| Sept. 30, 2026 | $0.02 | — | — |
| March 31, 2026 | $0.39 | $0.12 | 0.27% |
Peer Comparison Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FATN | — | — | -8.8% | 12.1% | 13.2% | 93.5% |
| ROC | — | — | 23.9% | -15.8% | -343.6% | 77.2% |
| IDN | $135M | 111.3 | 13.4% | 5.6% | 6.6% | 90.4% |
| BTCS | $124M | -2.6 | 304.9% | -202.2% | -39.1% | 12.2% |
| DTCX | $84M | -6.0 | 939640.5% | -122.1% | -25.0% | 48.9% |
| MAPS | — | — | — | — | — | — |
| VHC | $70M | -3.3 | 3140.0% | -11250.0% | -65.5% | — |
| NTWK | $37M | 12.4 | 13.4% | 4.0% | 8.0% | 44.6% |
| PHUN | $37M | -3.2 | -19.9% | -446.6% | -11.6% | 50.6% |
| PLTR | $425.03B | 282.1 | 56.2% | 36.3% | 26.2% | 82.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue | $16M | $18M | |
| Cost of Revenue | $1M | $1M | |
| Gross Profit | $15M | $17M | |
| SG&A Expense | $3M | $3M | |
| Operating Expenses | $12M | $11M | |
| Operating Income | $3M | $6M | |
| Interest Expense | $329.9K | $302.1K | |
| Interest Income | $42.7K | $27.3K | |
| Other Non-op | $-184.0K | $-40.0K | |
| Pretax Income | $3M | $6M | |
| Income Tax | $1M | $1M | |
| Net Income | $2M | $4M | |
| EPS (Basic) | $0.15 | $0.35 | |
| EPS (Diluted) | $0.15 | $0.35 | |
| Shares (Basic) | 12,858,852 | 12,449,308 | |
| Shares (Diluted) | 12,858,852 | 12,449,308 | |
| EBITDA | $4M | · |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Cash & Equivalents | $3M | $1M | |
| Receivables | $4M | $3M | |
| Inventory | $419.7K | $113.5K | |
| Other Current Assets | $666.4K | $582.4K | |
| Current Assets | $13M | $9M | |
| PP&E (Net) | $57.8K | $75.5K | |
| PP&E (Gross) | $750.3K | $733.5K | |
| Accum. Depreciation | $692.4K | $658.0K | |
| Intangibles | $1M | $2M | |
| Other Non-current Assets | $379.1K | $186.9K | |
| Total Assets | $28M | $21M | |
| Accounts Payable | $437.3K | $417.5K | |
| Accrued Liabilities | $4M | $2M | |
| Short-term Debt | $13.7K | · | |
| Current Liabilities | $6M | $5M | |
| Capital Leases | $1M | $50.6K | |
| Other Non-current Liabilities | $117.0K | $116.0K | |
| Total Liabilities | $12M | $7M | |
| Long-term Debt | $5M | · | |
| Total Debt | $343.4K | · | |
| Common Stock | $130.3K | $124.5K | |
| Paid-in Capital | $2M | $2M | |
| Retained Earnings | $11M | $9M | |
| AOCI | $3M | $3M | |
| Stockholders' Equity | $16M | $14M | |
| Liabilities + Equity | $28M | $21M | |
| Shares Outstanding | 13,026,464 | 12,449,308 |
Cash Flow 10
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| D&A | $545.7K | $699.3K | |
| Amort. of Intangibles | $511.3K | $618.9K | |
| Other Non-cash | $-3M | · | |
| Operating Cash Flow | $-504.1K | $-363.4K | |
| CapEx | $16.8K | $19.2K | |
| Investing Cash Flow | $-19.8K | $-19.2K | |
| Financing Cash Flow | $2M | $205.7K | |
| Net Change in Cash | $2M | $35.0K | |
| Free Cash Flow | $-520.9K | · | |
| Levered FCF | $-720.9K | · |
Profitability 8
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Gross Margin | 93.5% | · | |
| Operating Margin | 21.3% | · | |
| Net Margin | 12.1% | · | |
| Pretax Margin | 20.2% | · | |
| EBITDA Margin | 24.7% | · | |
| ROA | 7.9% | · | |
| ROE | 13.2% | · | |
| ROIC | 12.9% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Current Ratio | 2.0 | · | |
| Quick Ratio | 1.0 | · | |
| Debt / Equity | 0.0 | · | |
| Interest Coverage | 10.5 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Asset Turnover | 0.7 | · | |
| Inventory Turnover | 4.0 | · | |
| Receivables Turnover | 4.7 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue YoY | -8.8% | · | |
| EPS YoY | -57.1% | · | |
| Net Income YoY | -55.0% | · |
Valuation (TTM) 2
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue TTM | $16M | · | |
| Net Income TTM | $2M | · |
Income Statement 18
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1M | $511.8K | $4M | $10M | $2M | $879.6K | $4M | |
| Cost of Revenue | $503.8K | $312.9K | $226.9K | $168.8K | $379.9K | $229.3K | $283.7K | |
| Gross Profit | $4M | $4M | $4M | $4M | $3M | $5M | $3M | |
| R&D Expense | $453.5K | · | · | · | $448.6K | · | · | |
| SG&A Expense | $828.4K | $1M | $587.0K | $1M | $573.9K | $1M | $581.1K | |
| Operating Expenses | $3M | $4M | $3M | $3M | $3M | $3M | $3M | |
| Operating Income | $402.4K | $-793 | $1M | $163.7K | $184.8K | $2M | $859.8K | |
| Interest Expense | $104.1K | $126.0K | $69.9K | $39.4K | $118.1K | $86.4K | $86.0K | |
| Interest Income | $41.1K | · | $5.8K | $16.8K | $15.3K | · | $26.1K | |
| Other Non-op | $-1.6K | $-55.2K | $-46.3K | $28.4K | $-40.4K | $-84.6K | $-87.4K | |
| Pretax Income | $400.9K | $-56.0K | $956.4K | $192.1K | $144.4K | $2M | $772.5K | |
| Income Tax | $90.2K | $-12.6K | $215.2K | $519.7K | $60.1K | $551.1K | $163.4K | |
| Net Income | $310.7K | $-43.4K | $741.2K | $-354.7K | $84.4K | $2M | $609.1K | |
| EPS (Basic) | $0.02 | $0.00 | $0.05 | $-0.04 | $0.01 | $0.13 | $0.05 | |
| EPS (Diluted) | $0.02 | $0.00 | $0.05 | $-0.04 | $0.01 | $0.13 | $0.05 | |
| Shares (Basic) | 13,924,468 | 13,892,903 | 13,826,468 | -25,354,806 | 13,026,464 | 12,737,886 | 12,449,308 | |
| Shares (Diluted) | 13,924,468 | 13,892,903 | 13,826,468 | -25,354,806 | 13,026,464 | 12,737,886 | 12,449,308 | |
| EBITDA | $402.4K | $-793 | $1M | · | · | · | · |
Balance Sheet 27
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6M | $6M | $6M | $3M | · | · | · | |
| Receivables | $4M | $4M | $4M | $4M | · | · | · | |
| Inventory | $167.3K | $328.7K | $408.2K | $419.7K | · | · | · | |
| Other Current Assets | $153.6K | $230.2K | $639.9K | $666.4K | · | · | · | |
| Current Assets | $17M | $17M | $16M | $13M | · | · | · | |
| PP&E (Net) | $86.7K | $85.1K | $92.8K | $57.8K | · | · | · | |
| PP&E (Gross) | $791.6K | $785.7K | $792.9K | $750.3K | · | · | · | |
| Accum. Depreciation | $704.9K | $700.6K | $700.1K | $692.4K | · | · | · | |
| Intangibles | $764.8K | $860.7K | $964.2K | $1M | · | · | · | |
| Other Non-current Assets | $381.4K | $402.8K | $379.2K | $379.1K | · | · | · | |
| Total Assets | $32M | $32M | $32M | $28M | · | · | · | |
| Accounts Payable | $352.2K | $294.8K | $310.2K | $437.3K | · | · | · | |
| Accrued Liabilities | $4M | $4M | $4M | $4M | · | · | · | |
| Short-term Debt | · | · | · | $13.7K | · | · | · | |
| Current Liabilities | $6M | $6M | $6M | $6M | · | · | · | |
| Capital Leases | $800.0K | $905.4K | $1M | $1M | · | · | · | |
| Other Non-current Liabilities | $111.3K | $112.8K | $117.0K | $117.0K | · | · | · | |
| Total Liabilities | $11M | $11M | $12M | $12M | · | · | · | |
| Long-term Debt | $5M | $5M | $5M | $5M | · | · | · | |
| Total Debt | $417.3K | $577.7K | $731.2K | · | · | · | · | |
| Common Stock | $131.2K | $131.2K | $130.3K | $130.3K | · | · | · | |
| Paid-in Capital | $6M | $6M | $5M | $2M | · | · | · | |
| Retained Earnings | $12M | $12M | $12M | $11M | · | · | · | |
| AOCI | $3M | $3M | $3M | $3M | · | · | · | |
| Stockholders' Equity | $21M | $21M | $20M | $16M | · | · | · | |
| Liabilities + Equity | $32M | $32M | $32M | $28M | · | · | · | |
| Shares Outstanding | 13,924,468 | 13,924,468 | 13,826,468 | 13,026,464 | · | · | · |
Cash Flow 13
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| D&A | $102.8K | $104.1K | $92.0K | $146.4K | $132.7K | $133.1K | $133.5K | |
| Stock-based Comp | $0 | $625.2K | · | · | · | · | · | |
| Amort. of Intangibles | $95.9K | $103.4K | $84.5K | $136.1K | $125.1K | $125.1K | $125.1K | |
| Other Non-cash | · | · | $-1M | · | · | · | · | |
| Operating Cash Flow | $240.9K | $399.8K | $-508.6K | $-190.0K | $-110.0K | $48.3K | $-252.5K | |
| CapEx | · | · | $42.4K | · | · | · | $2.0K | |
| Investing Cash Flow | $-8.5K | $7.0K | $-42.4K | $-7.0K | $-25.0K | $17.2K | $-5.0K | |
| Stock Issued | · | · | $4M | · | · | · | · | |
| Net Stock Activity | · | · | $4M | · | · | · | · | |
| Financing Cash Flow | $-285.4K | $-12.1K | $4M | $2M | $601.1K | · | · | |
| Net Change in Cash | $-65.8K | $322.0K | $3M | $1M | $770.3K | $78.0K | $-344.7K | |
| Free Cash Flow | · | · | $-551.1K | · | · | · | · | |
| Levered FCF | · | · | $-605.2K | · | · | · | · |
Profitability 8
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | 94.2% | · | · | · | · | |
| Operating Margin | · | · | 25.5% | · | · | · | · | |
| Net Margin | · | · | 18.8% | · | · | · | · | |
| Pretax Margin | · | · | 24.3% | · | · | · | · | |
| EBITDA Margin | · | · | 27.8% | · | · | · | · | |
| ROA | 1.9% | -0.27% | 4.6% | · | · | · | · | |
| ROE | 2.9% | -0.41% | 7.3% | · | · | · | · | |
| ROIC | 1.5% | 0.00% | 3.7% | · | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.7 | 2.7 | 2.6 | · | · | · | · | |
| Quick Ratio | 1.7 | 1.7 | 1.6 | · | · | · | · | |
| Debt / Equity | 0.0 | 0.0 | 0.0 | · | · | · | · | |
| Interest Coverage | 3.9 | -0.0 | 14.3 | · | · | · | · |
Efficiency 3
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | 0.2 | · | · | · | · | |
| Inventory Turnover | 6.0 | 1.9 | 1.1 | · | · | · | · | |
| Receivables Turnover | · | · | 2.0 | · | · | · | · |
Valuation (TTM) 11
| Metric | Trend | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $1M | $2M | $3M | · | · | · | · | |
| Market Cap | $28M | $89M | $136M | · | · | · | · | |
| Enterprise Value | $22M | $83M | $131M | · | · | · | · | |
| P/E | 25.2 | 33.6 | 41.0 | · | · | · | · | |
| P/B | 1.3 | 4.2 | 6.7 | · | · | · | · | |
| P / Tangible Book | 1.4 | 4.4 | 7.0 | · | · | · | · | |
| P / Cash Flow | · | · | -267.5 | · | · | · | · | |
| P / FCF | · | · | -246.9 | · | · | · | · | |
| EV / EBITDA | 55.6 | -105077.0 | 119.6 | · | · | · | · | |
| EV / FCF | · | · | -237.5 | · | · | · | · | |
| Earnings Yield | 4.0% | 3.0% | 2.4% | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-03-31 | 2024-03-31 | |
|---|---|---|
| Revenue | $16M | $18M |
| Gross Margin % | 93.5% | — |
| Operating Margin % | 21.3% | — |
| Net Income | $2M | $4M |
| Diluted EPS | $0.15 | $0.35 |
Balance Sheet
| 2025-03-31 | 2024-03-31 | |
|---|---|---|
| Debt / Equity | 0.0 | — |
| Current Ratio | 2.0 | — |
| Quick Ratio | 1.0 | — |
Cash Flow
| 2025-03-31 | 2024-03-31 | |
|---|---|---|
| Free Cash Flow | $-520.9K | — |
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