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FatPipe, Inc. (FATN)

Technology | Software - Infrastructure | Salt Lake City, United States | NasdaqCM
6.14 USD +0.11 (1.824%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 6.14

Short-term:★★⯪☆☆Long-term:★★★☆☆Dividends:☆☆☆☆☆
Hot Take | Aug. 22, 2026, 1:56 a.m. EDT

The stock presents a classic case of a small-cap software company with exceptional top-line execution but significant cash flow constraints. Fundamentally, the business is showing strong signs of life with 27.8% revenue growth and a massive 90% jump in quarterly revenue, alongside healthy gross margins near 91%. The balance sheet is surprisingly robust for a growing tech firm, boasting a current ratio of nearly 4.0 and a book value of $1.88, which supports a long-term rating of 3 stars despite the lack of a multi-year price history. However, the operational reality is stark: the company is burning cash, with operating cash flow at -$950k and free cash flow at -$384k. This liquidity drain, combined with debt slightly exceeding cash reserves, creates a ceiling on the short-term outlook. While the recent price action shows some resilience against the 200-day average, the statistical forecast model offers no directional bias, reflecting the uncertainty surrounding the path to profitability. Without a clear turnaround in cash generation or a confirmed capital raise, the immediate risk of dilution or distress outweighs the potential of the growth story, keeping the short-term view neutral.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.119557
AutoARIMA0.120363
AutoETS0.120380
AutoTheta0.121354

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 33%
H-stat 1.14
Ljung-Box p 0.000
Jarque-Bera p 0.455
Excess Kurtosis -0.84
Attribute Value
Sector Technology
Debt to Equity Ratio 20.812
Revenue per Share 1.456
Market Cap 86,748,792
Trailing P/E 15.74
Forward P/E 11.66
Profit Margins 26.80%
Website https://www.fatpipe.com

Info Dump

Attribute Value
52 Week Change -0.051886797
Address1 392 East Winchester Street
Address2 Fifth Floor
All Time High 23.27
All Time Low 1.31
Ask 7.76
Ask Size 2
Average Analyst Rating 1.0 - Strong Buy
Average Daily Volume10 Day 53,000
Average Daily Volume3 Month 152,801
Average Volume 152,801
Average Volume10Days 53,000
Bid 4.38
Bid Size 2
Book Value 1.877
City Salt Lake City
Compensation As Of Epoch Date 1,798,675,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 6.14
Current Ratio 3.977
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 6.19
Day Low 5.931
Debt To Equity 20.812
Display Name FatPipe
Earnings Call Timestamp End 1,785,443,400
Earnings Call Timestamp Start 1,785,443,400
Earnings Growth 0.74
Earnings Quarterly Growth 0.625
Earnings Timestamp 1,785,441,600
Earnings Timestamp End 1,793,649,600
Earnings Timestamp Start 1,793,649,600
Ebitda 3,808,564
Ebitda Margins 0.18757999
Enterprise To Ebitda 23.095
Enterprise To Revenue 4.332
Enterprise Value 87,958,984
Eps Current Year 0.45
Eps Forward 0.52667
Eps Trailing Twelve Months 0.39
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 801 847 6600
Fifty Day Average 5.698
Fifty Day Average Change 0.4419999
Fifty Day Average Change Percent 0.077571064
Fifty Two Week Change Percent -5.1886797
Fifty Two Week High 10.77
Fifty Two Week High Change -4.6300006
Fifty Two Week High Change Percent -0.4298979
Fifty Two Week Low 1.31
Fifty Two Week Low Change 4.83
Fifty Two Week Low Change Percent 3.687023
Fifty Two Week Range 1.31 - 10.77
Financial Currency USD
First Trade Date Milliseconds 1,744,119,000,000
Float Shares 7,997,702
Forward Eps 0.52667
Forward P E 11.6581545
Free Cashflow -383,938
Full Exchange Name NasdaqCM
Full Time Employees 172
Fullday Change 0.11
Fullday Change Percent 1.82421
Fullday Price 6.14
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.90683997
Gross Profits 18,412,396
Has Pre Post Market Data 1
Held Percent Insiders 0.54508996
Held Percent Institutions 0.057239998
Implied Shares Outstanding 14,128,468
Industry Software - Infrastructure
Industry Disp Software - Infrastructure
Industry Key software-infrastructure
Ipo Expected Date 2,025-04-08
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,774,915,200
Long Business Summary 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, cyber security, 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 2009 and is headquartered in Salt Lake City, Utah.
Long Name FatPipe, Inc.
Market us_market
Market Cap 86,748,792
Market State CLOSED
Max Age 86,400
Message Board Id finmb_207209645
Most Recent Quarter 1,782,777,600
Net Income To Common 5,441,580
Next Fiscal Year End 1,806,451,200
Non Diluted Market Cap 85,759,800
Number Of Analyst Opinions 3
Open 6.1
Operating Cashflow -950,836
Operating Margins 0.17916
Payout Ratio 0.0
Phone 801 281 3434
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 6.14
Post Market Time 1,787,959,805
Previous Close 6.03
Price Eps Current Year 13.644444
Price Hint 2
Price To Book 3.2711773
Price To Sales Trailing12 Months 4.272517
Profit Margins 0.26801002
Quick Ratio 3.741
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.0
Region US
Regular Market Change 0.11
Regular Market Change Percent 1.82421
Regular Market Day High 6.19
Regular Market Day Low 5.931
Regular Market Day Range 5.931 - 6.19
Regular Market Open 6.1
Regular Market Previous Close 6.03
Regular Market Price 6.14
Regular Market Time 1,787,947,201
Regular Market Volume 67,196
Return On Assets 0.0646
Return On Equity 0.23256999
Revenue Growth 0.278
Revenue Per Share 1.456
Sand P52 Week Change 0.20504117
Sector Technology
Sector Disp Technology
Sector Key technology
Shares Outstanding 14,128,468
Shares Percent Shares Out 0.0066000004
Shares Short 93,254
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 71,755
Short Name FatPipe, Inc.
Short Percent Of Float 0.012200001
Short Ratio 0.82
Source Interval 15
State UT
Symbol FATN
Target High Price 12.0
Target Low Price 8.0
Target Mean Price 10.66667
Target Median Price 12.0
Total Cash 4,308,342
Total Cash Per Share 0.305
Total Debt 5,518,533
Total Revenue 20,303,908
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.39
Trailing P E 15.74359
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 3.506565
Two Hundred Day Average Change 2.6334348
Two Hundred Day Average Change Percent 0.75100124
Type Disp Equity
Volume 67,196
Website https://www.fatpipe.com
Zip 84,107