Stocks · Technology · Software - Infrastructure
FatPipe, Inc. FATN
$5.48 -1.79% Close, Oct 5, 2026 · NASDAQ · Market cap $78.3M
Strong growth
Next earnings report: Nov 2, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $0.39, up 246.2% year over year.
- Revenue over the last four quarters was $20.3M, up 45.2% from a year earlier, accelerating from 39.2% a quarter earlier.
- The shares trade at 14.1× trailing earnings, lower than 88% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 12%
- EPS growth (TTM, YoY)Top 8%
- Revenue growth, 3-year CAGRBottom 50%
- Revenue growth accelerationTop 17%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 24%
- Gross marginTop 1%
- Operating marginTop 20%
- Cash conversion (OCF / net income)Bottom 5%
- Accruals (lower is better)Bottom 2%
- Net debt / EBITDA (lower is better)Top 50%
- Interest coverTop 36%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 7%
- Free-cash-flow yieldBottom 23%
- EBITDA / enterprise valueTop 34%
- Sales / enterprise valueTop 48%
- P/E vs own 5-year history (lower is better)Top 19%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 36%
- 6-month returnTop 4%
- 1-year return vs S&P 500Bottom 32%
- Distance from 52-week highBottom 40%
- Trend checklist (0–4)Bottom 38%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 9%
- Consecutive EPS beatsBottom 44%
- Upside to consensus price targetTop 32%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 36%
- Maximum drawdown, 3 yearsBottom 6%
- Beta vs S&P 500 (lower is better)Bottom 39%
- Net debt / EBITDA (lower is better)Top 50%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 39.2% | 45.2% | ↑ |
| EPS growth (YoY) | 210.6% | 246.2% | ↑ |
| Gross margin | 90.9% | 90.7% | ↓ |
| Operating margin | 16.0% | 17.2% | ↑ |
| FCF margin | -5.9% | -4.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 45.2% | 39.2% | ↑ | Top 12% |
| EPS growth (TTM, YoY) | 246.2% | 210.6% | ↑ | Top 8% |
| Gross margin | 90.7% | 90.9% | ↓ | Top 1% |
| Operating margin | 17.2% | 16.0% | ↑ | Top 20% |
| Net margin | 26.9% | 11.0% | ↑ | — |
| Free-cash-flow margin | -4.8% | -5.9% | ↑ | — |
| Return on invested capital | 10.8% | — | Top 24% | |
| Revenue growth, 3-year CAGR | 6.7% | — | Bottom 50% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- -0.17×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 18.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 4.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -26.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.31×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 7.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 0.05%
- Shareholder yield
- 0.05%
- Share count change, 1 year
- +1.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 2 of 2
- Average EPS surprise, last 4
- +81.4%
- Average 2-day reaction, last 8
- +8.3%
- Positive 20 days after report
- 2 of 6
Analysts
- Consensus price target
- $8.00
- Target vs current price
- +46.0%
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +68.8% | +0.0% | +29.1% | +15.8% | — |
| May 18, 2026 | +94.1% | +25.6% | -7.8% | +39.8% | +66.1% |
| Feb 2, 2026 | — | +3.4% | +9.6% | -16.3% | +17.4% |
| Nov 3, 2025 | — | -2.4% | -26.3% | -36.1% | -57.8% |
| Jul 30, 2025 | — | -3.0% | -14.3% | -17.4% | -38.3% |
| Jun 30, 2025 | — | +26.2% | +14.2% | -2.2% | -13.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $0.09 | $0.05 | +68.8% | $5.0M |
| May 18, 2026 | $0.33 | $0.17 | +94.1% | $7.2M |
| Feb 2, 2026 | $0.02 | — | — | $4.1M |
| Nov 3, 2025 | -$0.00 | — | — | $4.0M |
| Jul 30, 2025 | $0.05 | — | — | $3.9M |
| Jun 30, 2025 | $0.01 | — | — | $3.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.1× | 44.4× | 13th | Top 7% |
| P/E (forward) | 12.5× | — | — | — |
| EV / EBITDA | 18.9× | — | — | Top 34% |
| EV / Sales | 3.92× | — | — | Top 48% |
| Free-cash-flow yield | -1.23% | — | — | Bottom 23% |
| Earnings yield | 7.10% | — | — | Top 7% |
P/E over the past five years
Range 13.2× – 87.5× since Sep 30, 2024. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -20.8%
- Earnings per share growth (TTM)
- +246.2%
- Change in P/E multiple
- -79.0%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 101
- 50-day average slope (20 days)
- +2.2%
- 200-day average slope (20 days)
- +8.0%
- Distance from 50-day average
- -6.9%
- Distance from 200-day average
- +40.4%
- RSI (14)
- 46.1
- Relative volume
- 0.43×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 72.4%
- Volatility vs own 5-year history
- 1th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.59
- Correlation with S&P 500
- 0.12
- Current drawdown from 1-year high
- -31.2%
- Maximum drawdown, 3 years
- -88.8%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 8, 2025 | Mar 3, 2026 | -88.8% | 225 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $78.3M
- P/E (TTM)
- 14.1
- EPS, diluted (TTM)
- $0.39
- Revenue (TTM)
- $20.3M
- 52-week range
- $1.31 – $8.61
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $12.4M | $15.8M | $17.9M | $16.3M | $19.2M |
| Gross profit | $11.7M | $14.7M | $16.8M | $15.2M | $17.5M |
| Operating income | -$224,135 | $3.2M | $5.6M | $3.5M | $3.6M |
| Net income | $483,731 | $2.9M | $4.4M | $2.0M | $5.0M |
| EPS (diluted) | $0.04 | $0.21 | $0.32 | $0.15 | $0.35 |
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8M | $3.1M | $3.1M | $3.9M | $4.0M | $4.1M | $7.2M | $5.0M |
| Net income | $625,493 | $84,373 | $84,373 | $741,195 | -$43,387 | $310,662 | $4.0M | $1.2M |
| EPS (diluted) | $0.05 | $0.01 | $0.01 | $0.05 | -$0.00 | $0.02 | $0.28 | $0.09 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$190,614 | -$1.8M | -$363,425 | -$504,124 | -$780,393 |
| Capital expenditure | -$38,355 | -$163,528 | -$19,188 | -$19,762 | -$52,483 |
| Free cash flow | -$228,969 | -$2.0M | -$382,613 | -$523,886 | -$832,876 |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $0 | $0 | $0 | $0 | $3.7M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $4.3M
- Total assets
- $35.5M
- Total liabilities
- $9.0M
- Total debt
- $5.6M
- Net debt
- $1.3M
- Shareholders’ equity
- $26.5M
As of Jun 30, 2026 (filed Jul 30, 2026).
Short interest
- Shares sold short
- 89,143
- Days to cover
- 1.31
- Change vs previous report
- +0.7%
FINRA short interest, settlement date Sep 15, 2026.