Filing Flows › Fatpipe (FATN) › Q2 FY26
Fatpipe (FATN) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Nov 3, 2025
Fatpipe (FATN) reported revenue of $4.0M for the second quarter fiscal 2026 (Q2 FY26), -29% from a year earlier and +0.6% from the quarter before. Operating margin was 0.0%, net loss $43K (1.1% of revenue).
Fatpipe, Q2 FY26: revenue $4.0M (-29% year over year), operating margin 0.0%, net loss $43K, operating cash flow $400K. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0M | +0.6% | -29% |
| Operating profit | −$1K | -100% | — |
| Net earnings | −$43K | -106% | — |
| Operating cash flow | $400K | — | +728% |
What changed
Revenue was $4.0M in Q2 FY26, down 29% year over year and up 1% from the previous quarter. Product was the largest line at 61% of revenue. Product lost $2.1M year over year (down 46%), 126% of the total change.
Gross margin was 92.1%, down 3.8 points from a year earlier. Operating costs exceeded revenue by $1K, an operating margin of 0.0%. Operating expenses grew 18% against a revenue fall of 29%. The fastest-growing cost line was Sales & marketing (+31%). The quarter ended with a net loss of $43K, after a profit of $741K the previous quarter. Net interest and other expense of $55K was the main reason.
Operating cash flow was $400K (up 728% year over year). Non-cash charges added back $104K of depreciation and amortization and $625K of share-based compensation. Working capital and other items used $286K.
Questions
What was Fatpipe's revenue in the second quarter fiscal 2026?
Fatpipe (FATN) reported revenue of $4.0M for the second quarter fiscal 2026 (Q2 FY26), -29% from a year earlier and +0.6% from the quarter before.
Was Fatpipe profitable in the second quarter fiscal 2026?
Operating loss was $1K (0.0% of revenue) and net loss $43K.
Source: Fatpipe 10-Q on SEC EDGAR.