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Fatpipe, Inc. (FATN) AI Stock Analysis
Fatpipe, Inc.
(NASDAQ:FATN)
The score is supported by strong profitability and a solid balance sheet, but is meaningfully capped by persistently negative operating/free cash flow, which undermines earnings quality. Technical indicators add near-term caution (below key moving averages and negative MACD), while valuation appears reasonable based on the P/E.
Fatpipe, Inc. (FATN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $72.06M
- Dividend Yield
- ―
- Average Volume (3M)
- 67.25K
- Price to Earnings (P/E)
- 13.1
- Beta (1Y)
- 1.57
- Revenue Growth
- 23.24%
- EPS Growth
- 154.55%
- Country
- US
- Employees
- 172
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Infrastructure
Fatpipe, Inc. Business Overview & Revenue Model
Company 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 ne...
How the Company Makes Money
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Fatpipe, Inc. Financial Statement Overview
Summary
Strong reported profitability (TTM gross margin ~87%, operating margin ~21%, net margin ~26%) and a healthy, modestly levered balance sheet (debt-to-equity ~0.23; ROE ~23%) are key positives. The major drag is cash quality: operating cash flow and free cash flow are negative across all periods including TTM (about -$1.0M), raising concerns about cash conversion despite positive earnings and uneven revenue growth (~5.7% TTM with inconsistency across years).
Income Statement
78PositiveBalance Sheet
84Very PositiveCash Flow
32Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.21M | 19.21M | 16.29M | 17.86M | 15.80M | 12.40M |
| Gross Profit | 17.48M | 17.48M | 15.23M | 16.79M | 14.69M | 11.71M |
| EBITDA | 4.33M | 4.33M | 4.16M | 6.60M | 3.83M | 1.03M |
| Net Income | 4.97M | 4.97M | 1.97M | 4.37M | 2.91M | 483.73K |
Balance Sheet | ||||||
| Total Assets | 34.52M | 34.52M | 28.29M | 21.44M | 15.73M | 10.82M |
| Cash, Cash Equivalents and Short-Term Investments | 5.21M | 5.21M | 2.92M | 1.11M | 1.08M | 1.38M |
| Total Debt | 5.71M | 5.71M | 6.59M | 2.83M | 2.63M | 942.18K |
| Total Liabilities | 9.31M | 9.31M | 12.36M | 7.39M | 6.17M | 4.04M |
| Stockholders Equity | 25.22M | 25.22M | 15.93M | 13.94M | 9.37M | 6.57M |
Cash Flow | ||||||
| Free Cash Flow | -832.88K | -832.88K | -523.89K | -382.61K | -2.01M | -228.97K |
| Operating Cash Flow | -780.39K | -780.39K | -504.12K | -363.43K | -1.84M | -190.61K |
| Investing Cash Flow | -52.48K | -52.48K | -19.76K | -19.19K | -163.53K | -38.35K |
| Financing Cash Flow | 3.32M | 3.32M | 2.49M | 205.68K | 1.69M | -481.72K |
Fatpipe, Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FATN, the sentiment is Negative. The current price of 5.46 is above the 20-day moving average (MA) of 5.18, below the 50-day MA of 5.50, and above the 200-day MA of 4.18, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 44.22 is Neutral, neither overbought nor oversold. The STOCH value of 26.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FATN.
Fatpipe, Inc. Peers Comparison
Overall Rating
OSPN81Outperform
CGNT64Neutral- FATN60Neutral
INTZ41Neutral
CETX38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| OSPN | 81Outperform | $946.72M | 13.87 | 25.38% | 1.99% | 4.88% | 22.34% |
| CGNT | 64Neutral | $702.27M | -2264.28 | -0.03% | ― | ― | ― |
| FATN | 60Neutral | $72.06M | 13.10 | 23.24% | ― | 23.24% | 154.55% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| INTZ | 41Neutral | $14.27M | -1.06 | -187.84% | ― | -15.22% | 34.74% |
| CETX | 38Underperform | $2.13M | -0.01 | -68.23% | ― | -1.51% | 96.23% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FATN | Fatpipe, Inc. | 5.10 | 1.36 | 36.36% | |
| OSPN | Onespan | 25.66 | 14.16 | 123.21% | |
| VHC | Virnetx Holding | 9.48 | -13.58 | -58.89% | |
| CETX | Cemtrex | 1.24 | -44.26 | -97.27% | |
| INTZ | Intrusion | 0.58 | -1.20 | -67.30% | |
| CGNT | Cognyte Software Ltd. | 9.51 | 1.07 | 12.68% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 01, 2026