Fatpipe Inc income statement
In fiscal 2026, Fatpipe Inc reported revenue of $19.2m, up 17.9% on the year before, operating income of $3.6m (a 18.7% margin) and net income of $5.0m, or $0.35 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2024Mar 2024 | 2025Mar 2025 | 2026Mar 2026 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 18 | 16 | 19 | 20 |
| Cost of revenue | 1 | 1 | 2 | 2 |
| Gross profit | 17 | 15 | 17 | 18 |
| Research and development | — | 2 | 2 | — |
| Selling and marketing | 3 | 4 | 5 | 5 |
| General and administrative | 3 | 3 | 5 | 5 |
| Operating income | 6 | 3 | 4 | 3 |
| Interest expense | 0 | 0 | 0 | 0 |
| Income before tax | 6 | 3 | 3 | 3 |
| Income tax | 1 | 1 | −1 | −2 |
| Net income | 4 | 2 | 5 | 5 |
| Diluted EPS | $0.35 | $0.15 | $0.35 | $0.39 |
| Diluted shares (average) | 12m | 13m | 14m | 14m |
| EBITDA | 6 | 4 | 4 | 4 |
| Quarter | 2025 Q2Sept 2024 | 2025 Q3Dec 2024 | 2025 Q4Mar 2025 | 2026 Q1Jun 2025 | 2026 Q2Sept 2025 | 2026 Q3Dec 2025 | 2026 Q4Mar 2026 | 2027 Q1Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,596 | 3,149 | 9,832 | 3,936 | 3,959 | 4,088 | 7,225 | 5,032 |
| Cost of revenue | 229 | 380 | 169 | 227 | 313 | 504 | 685 | 390 |
| Gross profit | 5,366 | 2,769 | 3,626 | 3,709 | 3,646 | 3,584 | 6,541 | 4,641 |
| Research and development | — | 449 | 480 | 474 | — | 454 | 488 | 527 |
| Selling and marketing | 919 | 889 | 931 | 1,052 | 1,203 | 1,283 | 1,255 | 1,355 |
| General and administrative | 1,184 | 574 | 1,084 | 587 | 1,393 | 828 | 1,952 | 1,164 |
| Operating income | 2,263 | 185 | 164 | 1,003 | −1 | 402 | 2,185 | 901 |
| Interest expense | 86 | 118 | 39 | 70 | 126 | 104 | 103 | 95 |
| Income before tax | 2,179 | 144 | 192 | 956 | −56 | 401 | 2,185 | 855 |
| Income tax | 551 | 60 | 520 | 215 | −13 | 90 | −1,776 | −371 |
| Net income | 1,611 | 68 | −355 | 741 | −43 | 311 | 3,961 | 1,226 |
| Diluted EPS | $0.13 | $0.01 | −$0.03 | $0.05 | $0.00 | $0.02 | $0.28 | $0.09 |
| EBITDA | 2,271 | 192 | 310 | 1,095 | −0 | 407 | 2,255 | 945 |
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