# Fatpipe Inc. (FATN)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $88M  
**Price:** $6.25 (+0.97%)

> FatPipe Inc. is a networking and cybersecurity technology company that develops and delivers software-defined wide area network (SD-WAN) solutions for enterprise and institutional customers worldwide. The company focuses on providing secure, application-aware connectivity for organizations such as large enterprises, communication service providers, security service providers, government entities, and middle-market companies. Its product portfolio includes SD-WAN platforms, virtual private networking and multi-path WAN optimization technologies, as well as tools for traffic management, failover, and network resilience. FatPipe Inc. also offers integrated network security capabilities, including next-generation firewall, secure access, and monitoring solutions that support modern hybrid and multi-cloud environments. By combining connectivity, performance optimization, and security in a unified architecture, FatPipe Inc. plays a role in helping organizations manage distributed networks, support cloud-based applications, and maintain reliable, secure access across multiple locations and transport links. The company is headquartered in Salt Lake City, Utah.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $19M | $17M | $4M | $5M | — |
| 2025 | $16M | $15M | $3M | $2M | — |
| 2024 | $18M | $17M | $6M | $4M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2026 | $35M | $9M | $25M | — | $5M |
| 2025 | $28M | $12M | $16M | $3M | $5M |
| 2024 | $21M | $7M | $14M | $1M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2026 | -$780,393 | $52,483 | -$832,876 |
| 2025 | -$504,124 | $19,762 | -$523,886 |
| 2024 | -$363,425 | $19,188 | -$382,613 |

Source: [CompaniesByCap](https://companiesbycap.com/company/FATN)