Filing Flows › Fatpipe (FATN) › Q1 FY27 › vs Q4 FY26
Fatpipe (FATN) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Fatpipe's revenue fell $8.5M (-63%) from $13.6M in Q4 FY26 to $5.0M in Q1 FY27. The biggest changes: Product −$2.1M (-37%); Service −$67K (-7%); Consulting −$10K (-2%). Gross margin 92.2% against 48.3% (+44.0 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 92.2% | 48.3% | +44.0 pts |
| Operating margin | 17.9% | 16.1% | +1.8 pts |
| Net margin | 24.4% | 29.2% | -4.9 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Product | $3.5M | $5.7M | −$2.1M | -37% |
| Service | $944K | $1.0M | −$67K | -7% |
| Consulting | $548K | $558K | −$10K | -2% |
| Revenue | $5.0M | $13.6M | −$8.5M | -63% |
| Gross profit | $4.6M | $6.5M | −$1.9M | -29% |
| Cost of revenue | $390K | $7.0M | −$6.6M | -94% |
| Operating profit | $901K | $2.2M | −$1.3M | -59% |
| Operating expenses | $3.7M | $4.4M | −$616K | -14% |
| Pre-tax earnings | $855K | $2.2M | −$1.3M | -61% |
| Other expense, net | $46K | −$40 | $46K | — |
| Research & development | $527K | $488K | $39K | +8% |
| Sales & marketing | $1.4M | $1.3M | $100K | +8% |
| General & admin | $1.2M | $2.0M | −$788K | -40% |
| Other operating costs | $694K | $661K | $33K | +5% |
| Income tax benefit | $371K | $1.8M | −$1.4M | -79% |
| Net earnings | $1.2M | $4.0M | −$2.7M | -69% |
| Operating cash sources | $2.2M | $5.1M | −$2.9M | -58% |
| Depreciation & amortization | $43K | $70K | −$27K | -39% |
| Share-based compensation | $204K | $145K | $59K | +41% |
| Cash used in operations | $679K | $913K | −$233K | -26% |
| Working capital & other | $2.2M | $5.1M | −$2.9M | -58% |
Questions
How much did Fatpipe's revenue grow quarter over quarter in Q1 FY27?
Fatpipe's revenue fell $8.5M (-63%) from $13.6M in Q4 FY26 to $5.0M in Q1 FY27.
What drove Fatpipe's revenue change in Q1 FY27?
Product −$2.1M (-37%); Service −$67K (-7%); Consulting −$10K (-2%).