# Fatpipe Inc/UT (FATN) · Edgar & Edgarette company card

> Fatpipe (FATN) grew revenue 17.9% in FY2026 to $19 million, operating margin 18.7% against a 0.9% median for prepackaged software, equity 73.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1993400 · fiscal year ended 2026-03-31 · 3 audited years read · [page](https://www.pops4.com/boards/company/FATN) · [JSON](https://www.pops4.com/boards/company/FATN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $19M |
| Revenue growth, 1 year | 17.9% |
| Revenue growth per year | 3.7% |
| Operating margin | 18.7% (prior year 21.3%) |
| Net margin | 25.9% |
| Operating cash flow | −$780,393 |
| Capital spending | $52,483 |
| Free cash flow | −$832,876 |
| Cash | $5M |
| Long-term debt | $5M |
| Total assets | $35M |
| Total equity | $25M |
| Equity ÷ assets | 73.0% |
| Return on equity | 19.7% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 7.38 (safe zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -1.46 (above the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · operating cash flow was negative; revenue is hard to predict: its 80% range is ±28%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $19.2M (FY2026), total debt $4.6M. Experience: revenue up 17.9% on the year, up 3.7% a year over 2 years; operating margin 18.7%, down from 21.3%. Soundness: equity 73.0% of assets, return on equity 19.7%. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $15.6M and $28.1M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin 18.7% against a 0.9% median; growth 17.9% against 13.0%.

Range logged 2026-09-20, receipt 7caf4fd3032bec4e, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2026-09-15 ([filing](https://www.sec.gov/Archives/edgar/data/1993400/000149315226042647/0001493152-26-042647-index.htm))

## Recent filings

- DEF 14A · filed 2026-10-27 · [filing](https://www.sec.gov/Archives/edgar/data/1993400/000149315226048692/0001493152-26-048692-index.htm)
- 8-K · filed 2026-10-07 · 1.01 Entry into a Material Definitive Agreement; 1.02 Termination of a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1993400/000149315226046120/0001493152-26-046120-index.htm)
- 8-K · filed 2026-09-15 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1993400/000149315226042647/0001493152-26-042647-index.htm)
- 10-Q · filed 2026-07-30 · [filing](https://www.sec.gov/Archives/edgar/data/1993400/000149315226035447/0001493152-26-035447-index.htm)
- 8-K · filed 2026-07-30 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1993400/000149315226035446/0001493152-26-035446-index.htm)
- 8-K · filed 2026-07-23 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1993400/000149315226034358/0001493152-26-034358-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001993400.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1993400

## Cite

POPS4, Edgar & Edgarette: Fatpipe Inc/UT (FATN) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/FATN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.