Filing Flows › Fatpipe (FATN) › Q4 FY26
Fatpipe (FATN) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 18, 2026
Fatpipe (FATN) reported revenue of $13.6M for the fourth quarter fiscal 2026 (Q4 FY26), +38% from a year earlier and +232% from the quarter before. Operating margin was 16.1%, net earnings $4.0M (29.2% of revenue).
Fatpipe, Q4 FY26: revenue $13.6M (+38% year over year), operating margin 16.1%, net earnings $4.0M, operating cash flow −$913K. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.6M | +232% | +38% |
| Gross profit | $6.5M | +82% | +80% |
| Operating profit | $2.2M | +443% | 13× |
| Net earnings | $4.0M | 13× | — |
| Operating cash flow | −$913K | -479% | — |
What changed
Revenue was $13.6M in Q4 FY26, up 38% year over year and up 232% from the previous quarter. Product was the largest line at 42% of revenue.
Gross margin was 48.3%, up 11.4 points from Q4 FY25. Operating profit was $2.2M, a 16.1% margin (up 14.5 points year over year). Of the extra revenue versus Q4 FY25, 54% reached operating profit, above the 2% margin then. Operating expenses grew 26% against revenue growth of 38%. The fastest-growing cost line was General & admin (+80%). Net earnings were $4.0M. The effective tax rate was -81.3%.
Operating cash flow was −$913K. Non-cash charges added back $70K of depreciation and amortization and $145K of share-based compensation. Working capital and other items used $5.1M.
Questions
What was Fatpipe's revenue in the fourth quarter fiscal 2026?
Fatpipe (FATN) reported revenue of $13.6M for the fourth quarter fiscal 2026 (Q4 FY26), +38% from a year earlier and +232% from the quarter before.
Was Fatpipe profitable in the fourth quarter fiscal 2026?
Operating profit was $2.2M (16.1% of revenue) and net earnings $4.0M.
Source: Fatpipe 10-K on SEC EDGAR.