FatPipe Inc. (FATN) Reports Q4 and FY2026 Results: 90% Y-o-Y Q4 Revenue Growth, Q4 Recurring Revenue up 56% Y-o-Y, Annual Revenue Growth of 18%
Rhea-AI Summary
FatPipe (NASDAQ:FATN) reported strong Q4 and FY2026 results for the period ended March 31, 2026.
- Q4 2026 revenue was $7.2M, up 90% year-over-year
- Q4 net income was $4.0M, versus a loss in Q4 2025
- Q4 Adjusted EBITDA was $3.1M; recurring billings grew 56% year-over-year
- FY2026 revenue reached $19.2M, up 18% year-over-year
- FY2026 net income was $5.0M, up 154%; non-GAAP net income was $6.4M
- Diluted EPS was $0.35, non-GAAP EPS $0.46; FY Adjusted EBITDA was $5.4M with ~28% margin
Positive
- Q4 2026 revenue grew 90% year-over-year to $7.2M
- Q4 2026 net income was $4.0M versus a $0.37M loss in Q4 2025
- Q4 2026 Adjusted EBITDA increased to $3.1M from $0.2M
- Q4 2026 monthly recurring billings rose 56% year-over-year
- FY2026 revenue grew 18% year-over-year to $19.2M
- FY2026 net income rose 154% year-over-year to $5.0M
- FY2026 non-GAAP net income increased to $6.4M from $2.0M
- FY2026 diluted EPS increased to $0.35 from $0.15
- FY2026 non-GAAP EPS increased to $0.46 from $0.15
- FY2026 Adjusted EBITDA reached $5.4M with approximately 28% margin
Negative
- None.
News Market Reaction – FATN
In the May 19 session, FATN declined 7.77%, reflecting a notable negative market reaction. Argus tracked a peak move of +25.3% during that session. Argus tracked a trough of -10.3% from its starting point during tracking. Our momentum scanner triggered 49 alerts that day, indicating elevated trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 16 | Earnings call announcement | Neutral | -4.5% | Scheduled investor call to discuss FY2026 results and outlook. |
| Feb 02 | Q3 2026 earnings | Positive | +41.3% | Q3 revenue up 30% Y/Y and MRR up 48% with positive EBITDA. |
| Nov 04 | Q2 2026 earnings | Neutral | -6.6% | Revenue stable Q/Q, high gross margin but Y/Y decline from prior large deals. |
| Jul 30 | Q1 2026 earnings | Positive | -3.0% | Post-IPO quarter with revenue growth, 94% gross margin and higher net income. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings-related news has often produced large moves, but reactions have been mixed, with some strong fundamental updates followed by negative or muted price responses.
Recent earnings-related events for FATN show recurring revenue and margin expansion themes. Q1–Q3 FY2026 updates highlighted growing SD-WAN deployments, high gross margins, and increasing Adjusted EBITDA. However, price reactions were inconsistent: a 41.3% jump on Q3 results contrasted with negative moves around other earnings communications. Today’s full Q4 and FY2026 release extends this narrative of scaling revenue and profitability within a still-volatile trading history.
Key Terms
adjusted ebitda financial
monthly recurring billings financial
sd-wan technical
application-aware routing technical
single-stack security technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Q4 Highlights
- Q4 2026 revenue was
$7.2M 90% growth compared to$3.8M - Q4 2026 net income was
$4.0M - in Q4 2025$0.37M - Q4 2026 Adjusted EBITDA was
$3.1M $0.2M - Q4 2026 Monthly Recurring Billings grew
56% compared to Q4 2025, reflecting continued adoption of FatPipe's offerings
Fiscal Year 2026 Highlights
- Revenue was
$19.2M 18% growth compared to FY2025 - Net income was
$5.0M 154% growth compared to FY2025 - Non-GAAP Net Income was
$6.4M $2.0M - Diluted Net Income per share was
$0.35 $0.15 - Non-GAAP Net Income per share was
$0.46 $0.15 - Adjusted EBITDA for FY2026 was
$5.4 million 28% , reflecting operating leverage as the Company scales and invests in growth, compared to$4.0 million
Financial Performance
Revenue growth during the quarter was driven by increased recurring billings, customer renewals, and new customer wins. FatPipe continued to see strong demand from customers seeking secure, high-performance alternatives to legacy networking and security vendors.
Management Commentary
"Our fourth quarter results demonstrate the scalability of FatPipe's model and the progress we have made converting pipeline into revenue, profitability, and recurring billings growth," said Dr. Ragula Bhaskar, CEO of FatPipe. "We believe the combination of strong quarterly revenue growth, meaningful net income generation, and continued customer adoption of our offerings reflects both the strength of our technology and the expanding market need for secure, resilient enterprise connectivity. As we enter fiscal 2027, our focus remains on disciplined execution, channel expansion, and increasing the contribution from recurring software and cybersecurity revenue."
"During the quarter, we saw customers continue to prioritize network resilience, application performance, and integrated security as core infrastructure requirements," said Sanchaita Datta, President and CTO of FatPipe. "FatPipe's platform is designed to address these needs through our patented secure SD-WAN technology, application-aware routing, centralized visibility, and single-stack security capabilities. We are continuing to invest in product innovation and deployment support so that customers can modernize complex networks without adding unnecessary operational complexity."
Forward-Looking Statements
Certain statements contained in this press release, may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, those described in FatPipe's filings with the
Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
About FatPipe, Inc.
FatPipe pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for hardware and software or cooperation from ISPs and allows companies and service providers to control multi-link network traffic. FatPipe introduced a full single stack cybersecurity solution designed to be sold to the same customer profile, and Buyer as FatPipe. FatPipe currently has 13 U.S. patents related to multipath, software-defined networking. FatPipe products are sold by 200+ resellers worldwide.
For more information, please visit www.fatpipeinc.com.
Follow us on X @FatPipe_Inc.
Company Contact Info
Vikrant Ragula
Director of Investor Relations
+1 801.683-5656 x 1140
Investor.ir@fatpipeinc.com
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SOURCE FatPipe Networks