Filing Flows › Fatpipe (FATN) › Q1 FY27
Fatpipe (FATN) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jul 30, 2026
Fatpipe (FATN) reported revenue of $5.0M for the first quarter fiscal 2027 (Q1 FY27), +28% from a year earlier and -63% from the quarter before. Operating margin was 17.9%, net earnings $1.2M (24.4% of revenue).
Fatpipe, Q1 FY27: revenue $5.0M (+28% year over year), operating margin 17.9%, net earnings $1.2M, operating cash flow −$679K. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | -63% | +28% |
| Gross profit | $4.6M | -29% | +25% |
| Operating profit | $901K | -59% | -10% |
| Net earnings | $1.2M | -69% | +65% |
| Operating cash flow | −$679K | — | — |
What changed
Revenue was $5.0M in Q1 FY27, up 28% year over year and down 63% from the previous quarter. Product was the largest line at 70% of revenue. Product added $1.1M year over year (up 48%), 105% of the total change. Consulting declined 7%.
Gross margin was 92.2%, down 2.0 points from Q1 FY26. Operating profit was $901K, a 17.9% margin (down 7.6 points year over year). Operating profit fell $101K even though revenue rose $1.1M versus Q1 FY26, so costs grew faster than sales. Operating expenses grew 38% against revenue growth of 28%. The fastest-growing cost line was General & admin (+98%). Net earnings were $1.2M, up 65% year over year. The effective tax rate was -43.4%.
Operating cash flow was −$679K. Non-cash charges added back $43K of depreciation and amortization and $204K of share-based compensation. Working capital and other items used $2.2M.
Questions
What was Fatpipe's revenue in the first quarter fiscal 2027?
Fatpipe (FATN) reported revenue of $5.0M for the first quarter fiscal 2027 (Q1 FY27), +28% from a year earlier and -63% from the quarter before.
Was Fatpipe profitable in the first quarter fiscal 2027?
Operating profit was $901K (17.9% of revenue) and net earnings $1.2M.
Source: Fatpipe 10-Q on SEC EDGAR.