Filing Flows › Fatpipe (FATN) › Q2 FY27
Fatpipe (FATN) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Nov 4, 2026
Fatpipe (FATN) reported revenue of $4.8M for the second quarter fiscal 2027 (Q2 FY27), +22% from a year earlier and -4% from the quarter before. Operating margin was 17.5%, net earnings $1.2M (24.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.8M | -4% | +22% |
| Gross profit | $4.3M | -6% | +19% |
| Operating profit | $845K | -6% | — |
| Net earnings | $1.2M | -2% | — |
| Operating cash flow | −$1.1M | — | -377% |
What changed
Revenue was $4.8M in Q2 FY27, up 22% year over year and down 4% from the previous quarter. Product was the largest line at 69% of revenue. Product added $902K year over year (up 37%), 103% of the total change. Consulting declined 6%.
Gross margin was 90.0%, down 2.1 points from Q2 FY26. Operating profit was $845K, a 17.5% margin (up 17.5 points year over year). Operating expenses fell 4% while revenue rose 22%. The fastest-growing cost line was Sales & marketing (+12%). Net earnings were $1.2M. The effective tax rate was -44.6%.
Operating cash flow was −$1.1M. Non-cash charges added back $42K of depreciation and amortization and $15K of share-based compensation. Working capital and other items used $2.4M.
Questions
What was Fatpipe's revenue in the second quarter fiscal 2027?
Fatpipe (FATN) reported revenue of $4.8M for the second quarter fiscal 2027 (Q2 FY27), +22% from a year earlier and -4% from the quarter before.
Was Fatpipe profitable in the second quarter fiscal 2027?
Operating profit was $845K (17.5% of revenue) and net earnings $1.2M.
Source: Fatpipe 10-Q on SEC EDGAR.