FATN
FatPipe, Inc. Common Stock
FATN's fundamentals are strong and it looks cheap: trading at 9.7x earnings, less than half its usual 26x.
FATN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Unavailable | |
| Healthy |
FATN's revenue, profitability and balance sheet are currently healthy. There isn't enough data to rate its cash flow.
FATN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.7x | $4.67 | — |
| Cheap | 14x | $6.89 | +47% |
| Fair | 25x | $12.09 | +159% |
| Expensive | 45x | $21.56 | +362% |
Historical ranges are pointers, not guarantees.
FATN's PE is in its cheap range at 9.7x.
FATN Forward outlook
There aren't enough analyst estimates for FATN to show an outlook.
FATN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.48 | +700% |
| Q2 2026 | $0.39 | +255% |
| Q1 2026 | $0.35 | +218% |
| Q4 2025 | $0.08 | -71% |
| Q3 2025 | $0.06 | -81% |
FATN's earnings per share have jumped to their highest in two years: $0.48 over the past year, up from $0.06 the year before.
FATN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.8M | +22% |
| Q2 2026 | $5M | +28% |
| Q1 2026 | $13.6M | +330% |
| Q4 2025 | $4.1M | +30% |
| Q3 2025 | $4M | +5.6% |
| Q2 2025 | $3.9M | +4.9% |
| Q1 2025 | $3.1M | -41% |
| Q4 2024 | $3.1M | -21% |
FATN's revenue has grown year over year for six quarters in a row: $5M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 17% | +18 points |
| Q2 2026 | 18% | -7.6 points |
| Q1 2026 | 16% | +10 points |
| Q4 2025 | 9.8% | +4 points |
| Q3 2025 | 0% | -23 points |
| Q2 2025 | 25% | +2.6 points |
| Q1 2025 | 5.9% | -39 points |
| Q4 2024 | 5.9% | -20 points |
FATN's operating margin was 17% last quarter, up 17 points from the same quarter a year ago.
FATN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$679K | -$128K |
| Q4 2025 | $240.9K | +$363.6K |
| Q3 2025 | $399.8K | +696% |
| Q2 2025 | -$551.1K | -$293.6K |
| Q1 2025 | -$197K | -110% |
| Q4 2024 | -$122.7K | +$1.6M |
FATN has burned cash in most quarters: −$589,364 over the past year, against −$526,884 the year before.
FATN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +35.4K shares |
| 1 year | +1.7% | +235K shares |
FATN has 14M diluted shares, up 1.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
FATN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 0.5x | Very low |
FATN's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
FATN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.4 | Neutral |
| Stochastic | 18.5 | Oversold |
FATN's weekly RSI is 48 (neutral) and its Stochastic is 19 (oversold).
FATN PE vs Technology Sector
| Metric | FATN | Sector median | Relative |
|---|---|---|---|
| PE | 9.7x | 28x | 65% below |
| PE % | 2 | 24 | 22 pts below |
FATN is trading at 9.7x earnings, a 65% discount to the Technology sector's median of 28x.
FATN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.07 | 7.9% below |
| 20 week MA | $5.47 | 15% below |
| 50 week MA | $3.98 | 17% above |
FATN has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 17% above its 50-week average.
FATN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $6.36 | $2.51 | -61% |
| 2026 YTD | $2.51 | $4.67 | +86% |
FATN has finished every year since 2025 lower, and it's up 86% so far in 2026.