Filing Flows › Fatpipe (FATN) › Q1 FY27 › vs Q1 FY26
Fatpipe (FATN) Q1 FY27 vs Q1 FY26 (year over year)
Fatpipe's revenue rose $1.1M (+28%) from $3.9M in Q1 FY26 to $5.0M in Q1 FY27. The biggest changes: Product +$1.1M (+48%); Consulting −$42K (-7%); Service −$9K (-0.9%). Gross margin 92.2% against 94.2% (-2.0 pts).
Fatpipe, Q1 FY27: revenue $5.0M (+28% year over year), operating margin 17.9%, net earnings $1.2M, operating cash flow −$679K. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 92.2% | 94.2% | -2.0 pts |
| Operating margin | 17.9% | 25.5% | -7.6 pts |
| Net margin | 24.4% | 18.8% | +5.5 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Product | $3.5M | $2.4M | $1.1M | +48% |
| Service | $944K | $953K | −$9K | -0.9% |
| Consulting | $548K | $590K | −$42K | -7% |
| Revenue | $5.0M | $3.9M | $1.1M | +28% |
| Gross profit | $4.6M | $3.7M | $932K | +25% |
| Cost of revenue | $390K | $227K | $163K | +72% |
| Operating profit | $901K | $1.0M | −$101K | -10% |
| Operating expenses | $3.7M | $2.7M | $1.0M | +38% |
| Pre-tax earnings | $855K | $956K | −$101K | -11% |
| Other expense, net | $46K | $46K | −$235 | -0.5% |
| Research & development | $527K | $474K | $53K | +11% |
| Sales & marketing | $1.4M | $1.1M | $304K | +29% |
| General & admin | $1.2M | $587K | $577K | +98% |
| Other operating costs | $694K | $593K | $101K | +17% |
| Income tax benefit | $371K | −$215K | $586K | — |
| Net earnings | $1.2M | $741K | $485K | +65% |
| Operating cash sources | $2.2M | $1.3M | $811K | +60% |
| Depreciation & amortization | $43K | $92K | −$49K | -53% |
| Share-based compensation | $204K | $0 | $204K | — |
| Cash used in operations | $679K | $509K | $170K | +34% |
| Working capital & other | $2.2M | $1.3M | $811K | +60% |
Questions
How much did Fatpipe's revenue grow year over year in Q1 FY27?
Fatpipe's revenue rose $1.1M (+28%) from $3.9M in Q1 FY26 to $5.0M in Q1 FY27.
What drove Fatpipe's revenue change in Q1 FY27?
Product +$1.1M (+48%); Consulting −$42K (-7%); Service −$9K (-0.9%).