Filing Flows › Fatpipe (FATN) › Q2 FY27 › vs Q2 FY26
Fatpipe (FATN) Q2 FY27 vs Q2 FY26 (year over year)
Fatpipe's revenue rose $875K (+22%) from $4.0M in Q2 FY26 to $4.8M in Q2 FY27. The biggest changes: Product +$902K (+37%); Consulting −$39K (-6%); Service +$12K (+1%). Gross margin 90.0% against 92.1% (-2.1 pts).
Fatpipe, Q2 FY27: revenue $4.8M (+22% year over year), operating margin 17.5%, net earnings $1.2M, operating cash flow −$1.1M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 90.0% | 92.1% | -2.1 pts |
| Operating margin | 17.5% | 0.0% | +17.5 pts |
| Net margin | 24.9% | -1.1% | +26.0 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Product | $3.3M | $2.4M | $902K | +37% |
| Service | $918K | $906K | $12K | +1% |
| Consulting | $593K | $633K | −$39K | -6% |
| Revenue | $4.8M | $4.0M | $875K | +22% |
| Gross profit | $4.3M | $3.6M | $703K | +19% |
| Cost of revenue | $485K | $313K | $172K | +55% |
| Operating profit | $845K | −$1K | $845K | — |
| Operating expenses | $3.5M | $3.6M | −$143K | -4% |
| Pre-tax earnings | $831K | −$56K | $887K | — |
| Research & development | $525K | $489K | $36K | +7% |
| Sales & marketing | $1.3M | $1.2M | $138K | +12% |
| General & admin | $1.1M | $1.4M | −$330K | -24% |
| Other operating costs | $576K | $563K | $14K | +2% |
| Income tax benefit | $371K | $13K | $358K | 29× |
| Net earnings | $1.2M | −$43K | $1.2M | — |
| Operating cash sources | $2.4M | $286K | $2.1M | +727% |
| Depreciation & amortization | $42K | $104K | −$62K | -59% |
| Share-based compensation | $15K | $625K | −$610K | -98% |
| Cash used in operations | $1.1M | −$400K | $1.5M | — |
| Working capital & other | $2.4M | $286K | $2.1M | +727% |
Questions
How much did Fatpipe's revenue grow year over year in Q2 FY27?
Fatpipe's revenue rose $875K (+22%) from $4.0M in Q2 FY26 to $4.8M in Q2 FY27.
What drove Fatpipe's revenue change in Q2 FY27?
Product +$902K (+37%); Consulting −$39K (-6%); Service +$12K (+1%).