Fatpipe Inc/UT · Software

FATN

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The short version

A high-quality, profitable business with growing sales.

Going well

Sales up 28% in the latest quarter vs a year ago
Profitable, keeps 26% of sales as profit
Sales up 18% last year

Money moves

No insider buying or selling in the last 30 days

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$5.43+1.5% that day

Company value: $77M; Share price times all shares
Price vs profit (P/E): 13.9x; You pay about $14 for each $1 of yearly profit
Price vs sales: 2.9x; Company value is 2.9 times a year of sales
Cash vs value: 6%; Cash as a share of company value
Debt vs value: 6%; Debt as a share of company value

From FATN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 9 quarters, from SEC filings

Sales, Jun '26

$5.0M+28% vs a year earlier

Jun '24Tap a barJun '26

Last 12 months: $26.6M, up 18% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of FATN. Starting points are the company's recent numbers.

Sales growth+18% a yearRecently: +18% a yearProfit margin20%Last 12 months: 20.5%P/E at the end14xToday: 13.9x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$61M

Profit in 5 years$12M

Price these guesses point to$12.08+122% vs $5.43 todayAbout +17% a year, before dividends

What today's price needs: with a 20% margin and a 14x P/E, sales would have to grow about 0.6% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/5Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.28.3%
PassDebt under half of equityNot relying on borrowed money.0.22x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.25.9%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$833K
PassGross margin 40%+Pricing power: sells for well above what it costs to make.91.0%

Revenue: $19.2M; +17.9% vs prior year
Total debt: $4.6M; 0.22x equity
Current ratio: 2.71x; short-term assets / bills due
Free cash flow: -$833K; -4.3% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Jul 30

Revenue: $5.0M; +27.8% YoY
EPS: $0.09; vs $0.05
Op. margin: 17.9%; -7.6 pts
Gross margin: 92.2%; -2.0 pts
Free cash flow: -$679K
Share count: +1.9%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 1
Normal week: 0.4
vs normal: 2.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Newly held

Institutions held almost none of it the quarter before (new listing, spin-off or ticker change), so there's no fair percent change yet. 11 bought, 2 sold.

Shares held by institutions494K

Sep '24Jun '26