Feed / FATN

FatPipe, Inc.

FATN

Technology · 5.59 -1.5% today

Participation confirmed · construction unavailableMarket checked 10 Sept, 15:55 GMT-4

Market read

FatPipe, Inc.'s move is spreading beyond its market group.

No new filing conclusion is available. 6 of 16 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company-1.5% todayVolume comparison unavailable
Market group6 of 16 activeHigh-Performance Computing · inactive
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 11 of 16 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • KEEL remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 5 of 16 members or fewer.

Watch this read

Research brief

The story so far

Technology · Software - Infrastructure

No new filing conclusion is available. 6 of 16 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 11 of 16 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • KEEL remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods3
Price observations319
Usable filing statements73
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +17.9% year over year.
  • Net margin changed +13.8 percentage points in the latest annual period.
Evidence challenging the case
  • Operating margin changed -2.6 percentage points in the latest annual period.
  • Diluted shares increased 8.9% in the latest annual period.
  • Operating cash flow was only -0.157x net income in the latest annual period.
Questions before a position
  • P/E is 69% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 66% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

5.87
6m+301.7%12m+0.1%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2024-03-31$17.9M$0.35
2025-03-31$16.3M-8.8%$0.15+3.3%
2026-03-31$19.2M+17.9%$0.35+8.9%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 5 filings
Operating Results Operating results reflect the income from operations derived from the sale of our software solutions and services with adjustments for non-operating income and expenses such as interest expense, interest income, and foreign exchange losses/g…
10-K · May 18, 2026
Foreign exchangepositive · 5 filings
Operating Results Operating results reflect the income from operations derived from the sale of our software solutions and services with adjustments for non-operating income and expenses such as interest expense, interest income, and foreign exchange losses/g…
10-K · May 18, 2026
Legal and regulatory exposuremixed · 2 filings
The change reflects increased costs of operating as a public company, including the recognition of $770,220 of stock-based compensation expense and Impairment of contract assets of $664,217, professional fees, and ongoing public-company compliance costs, part…
10-K · May 18, 2026
Restructuring and cost reductionsmixed · 1 filings
During the fiscal year ended March 31, 2026, in connection with assessment under ASC 326, the Company recognized an impairment of contract assets of $ 916,419 reflecting a reserve on expected collections on overall contracts.
10-K · May 18, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.3× · EV/sales 4.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Fewer than 4 annual revenue periods; too little history to scaffold scenarios.

Price action

How the market is pricing the story

5.59-1.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for FATN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for FATN. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind FATN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AMZNAmazon.com, Inc.supplierFeb 2, 2026

The costs of revenue include all costs associated with network server components as well as costs associated with providing services to our customers, including costs associated with hosting our services through Amazon Web Services.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

FATN is currently a Participant in the organic co-movement group High-Performance Computing. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.