FatPipe has been growing earnings at an average annual rate of 5.1%, while the Software industry saw earnings growing at 22.5% annually. Revenues have been growing at an average rate of 0.2% per year. FatPipe's return on equity is 19.7%, and it has net margins of 25.9%.
How FatPipe makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
NasdaqCM:FATN Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
19
5
12
2
31 Dec 25
16
1
11
2
30 Sep 25
15
0
11
2
30 Jun 25
16
2
10
2
31 Mar 25
16
2
10
2
31 Dec 24
18
5
9
2
30 Sep 24
19
5
9
2
30 Jun 24
17
4
9
2
31 Mar 24
18
4
9
2
31 Mar 23
16
3
10
2
31 Mar 22
12
0
10
2
Quality Earnings: FATN has a high level of non-cash earnings.
Growing Profit Margin: FATN's current net profit margins (25.9%) are higher than last year (12.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FATN's earnings have grown by 5.1% per year over the past 5 years.
Accelerating Growth: FATN's earnings growth over the past year (152.7%) exceeds its 5-year average (5.1% per year).
Earnings vs Industry: FATN earnings growth over the past year (152.7%) exceeded the Software industry 11.7%.
Return on Equity
High ROE: FATN's Return on Equity (19.7%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/24 15:02
End of Day Share Price
2026/05/22 00:00
Earnings
2026/03/31
Annual Earnings
2026/03/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
FatPipe, Inc. is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.