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FatPipe, Inc. (FATN)

USD4.72 -0.20 (-4.07%)
US NASDAQ Technology Software - Application
Address 392 East Winchester Street 84107
Salt Lake City, UT, US
CEO Ragula Bhaskar
IPO 2025-04-08
CIK 1993400 ISIN US3119211007

Explore sections of this company profile

Description

FatPipe, Inc. develops application-aware, secure software-defined wide area network, secure access service edge, and network monitoring service (NMS) software solutions in the United States, India, and internationally. The company offers SD-WAN, a network architecture solution that allows enterprises to utilize software and virtualization technologies to enhance the performance, security, and manageability of their WANs that connect offices, data centers, cloud applications, and cloud storage; SASE that provides virtual network functions, which combine networking and network security services into a single cloud-delivered solution; and NMS, a EnterpriseView reporting system for network monitoring that provides a platform to monitor an end-user’s WAN and the performance of FatPipe devices under management. It also provides technical support services, professional, technology development, and training services. In addition, the company offers its solutions to enterprises, communication service providers, security service providers, government organizations, and other middle-market companies. The company sells its software solutions through a subscription-based model through a network of distributors, value-added resellers, internet service providers, and other third parties. FatPipe, Inc. was incorporated in 2010 and is headquartered in Salt Lake City, Utah.

News Sentiment (7d)
Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD4.72 -0.20 (-4.07%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
2.37
Float Shares
6.23M
Free Float %
44.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-11.24% -4.77% +83.98% +120.35% +54.69% +87.62% -67.27% -70.85% -70.85% -70.85% -70.85%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Buy
Price Targets & DCF
Current price
4.72
DCF (Unlevered) 10.41 +120.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 +1
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.82
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +17.9% Q1'26: +129.5% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    +133.3% Q1'26: +4,344.4% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    -16.0% Q1'26: -12.7% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    +18.7% Q1'26: +30.2% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    +14.0% Q1'26: +34.0% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +8.9% Q1'26: +5.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    1.44× Q1'26: 0.63× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.21) × ERP
WACC = 90% × Ke + 10% × Kd (8.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 10.33 Current price: 4.72
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
2 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
18.17M
18.16M – 18.18M
22.00M
20.67M – 23.33M
+21.0% YoY
30.76M
28.54M – 32.94M
+39.8% YoY
47.84M
45.70M – 49.98M
+55.5% YoY
67.16M
62.31M – 71.93M
+40.4% YoY
92.00M
85.36M – 98.53M
+37.0% YoY
EBITDA
4.21M
4.20M – 4.21M
5.09M
4.78M – 5.40M
+21.0% YoY
7.12M
6.60M – 7.62M
+39.8% YoY
11.07M
10.57M – 11.57M
+55.5% YoY
15.54M
14.42M – 16.64M
+40.4% YoY
21.29M
19.75M – 22.80M
+37.0% YoY
EBIT
3.59M
3.58M – 3.59M
4.34M
4.08M – 4.60M
+21.0% YoY
6.07M
5.63M – 6.50M
+39.8% YoY
9.44M
9.02M – 9.86M
+55.5% YoY
13.25M
12.30M – 14.19M
+40.4% YoY
18.16M
16.85M – 19.44M
+37.0% YoY
Net Income
2.73M
2.55M – 2.91M
2.61M
2.27M – 2.96M
-4.3% YoY
3.15M
2.86M – 3.44M
+20.6% YoY
1.26M
1.14M – 1.38M
-60.0% YoY
1.82M
1.65M – 1.99M
+44.6% YoY
2.38M
2.16M – 2.60M
+30.8% YoY
SGA
11.19M
11.18M – 11.19M
13.54M
12.73M – 14.36M
+21.0% YoY
18.94M
17.57M – 20.28M
+39.8% YoY
29.45M
28.13M – 30.77M
+55.5% YoY
41.35M
38.36M – 44.28M
+40.4% YoY
56.64M
52.55M – 60.66M
+37.0% YoY
EPS
0.19
0.18 – 0.21
0.19
0.16 – 0.21
+0.0% YoY
0.23
0.20 – 0.25
+18.4% YoY
0.09
0.08 – 0.10
-60.0% YoY
0.13
0.12 – 0.14
+44.4% YoY
0.17
0.15 – 0.19
+30.8% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-01 D. Boral Capital Buy Buy Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-15 B 3/5 1/5 3/5 4/5 2/5 2/5 4/5
2026-05-14 B 3/5 1/5 3/5 4/5 2/5 2/5 4/5
2026-05-13 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-05-12 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-05-11 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-05-08 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-05-07 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-05-06 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-05-05 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-05-04 B 3/5 1/5 3/5 4/5 2/5 3/5 4/5
2026-05-01 B 3/5 1/5 3/5 3/5 2/5 3/5 4/5
2026-04-30 B 3/5 1/5 3/5 3/5 2/5 3/5 4/5
2026-04-29 B 3/5 1/5 3/5 3/5 2/5 3/5 4/5
2026-04-28 B 3/5 1/5 3/5 3/5 2/5 3/5 4/5
2026-04-27 B- 3/5 1/5 2/5 3/5 2/5 3/5 4/5
2026-04-24 B- 3/5 1/5 2/5 3/5 2/5 3/5 4/5
2026-04-23 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-22 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-21 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-20 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-17 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-16 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-532.0K
OE per share TTM
-0.04
Owner's Yield
-1.00%
Maintenance CapEx ratio
4.67%
Maint CapEx / Avg PPE
4.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares Micro-Cap ETF IWC 0.01% 135.0K 0.60%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-03-03 Bhaskar Ragula Director / 10% Owner P-Purchase A Common Stock 20,000 1.45 29.0K 2,305,766 D
2025-04-07 Turgeon Jean Pierre Director 0 0.00 0
2025-04-07 Tandon Ajay Director 0 0.00 0
2025-04-07 Skyline Investment Trust Director Common Stock 0 0.00 1,030,820 I
2025-04-07 Mason Sutter SF Trust Director Common Stock 0 0.00 1,590,517 I
2025-04-07 Majumder I. Bobby Director Common Stock 0 0.00 1,191 D
2025-04-07 Datta Sanchaita Director / Officer / 10% Owner Common Stock 0 0.00 1,546,242 D
2025-04-07 Bhaskar Ragula Director / Officer / 10% Owner Common Stock 0 0.00 2,285,766 D
2025-01-15 Datta Sanchaita Director / 10% Owner P-Purchase A Common Stock 500 2.17 1.1K 1,549,242 D
2025-01-14 Datta Sanchaita Director / 10% Owner P-Purchase A Common Stock 500 2.13 1.1K 1,548,242 D
2025-01-13 Datta Sanchaita Director / 10% Owner P-Purchase A Common Stock 500 2.13 1.1K 1,546,742 D

Executive team

Top executives
EBIT / Employee
23.3K
Shares Outstanding
13.92M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-18 8-K
2026-05-18 10-K
2026-04-30 8-K
2026-03-25 4
2026-03-05 8-K
2026-02-02 10-Q
2026-01-28 4
2025-11-03 10-Q
2025-07-30 10-Q
2025-07-21 S-8

Executive team

NameTitleCompensationGender
Sanchaita Datta Co-Founder, President, Chief Technology Officer & Director 290.2K female
Ragula Bhaskar Co-Founder, Chairman & Chief Executive Officer 290.0K
Eric Sherb Chief Financial Officer male
Alisanne Korologos Director of Communications female
Tom Aufiero Senior Vice President of Sales male
Harish Motwani Executive Vice President of Strategic Business & Solution Sales male
Eric Michael Sherb Chief Financial Officer male
ESG Rating
B
SOFTWARE - INFRASTRUCTURE
Rank: 119 out of 162
2026
E (Environmental)
61.6 / 65.1
Company / Sector avg.
S (Social)
62.2 / 63.5
Company / Sector avg.
G (Governance)
60.5 / 65.6
Company / Sector avg.
ESG Total
61.4 / 64.7
Company / Sector avg.
ESG Score History SOFTWARE - INFRASTRUCTURE
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits