Fatpipe Inc/UT filed a Form 10-Q with the SEC on November 4, 2026, covering the quarterly period ended September 30, 2026, reporting net income of $1,201,630 for the three months ended on that date.

Key Highlights

  • Quarterly revenue: Fatpipe Inc/UT reported revenues of $4,834,061 for the three months ended September 30, 2026, compared with $3,959,231 for the same period in 2025.
  • Net income: The company reported net income of $1,201,630 for the three months ended September 30, 2026, versus a net loss of $43,387 in the prior-year quarter.
  • Six-month revenue: Revenues for the six months ended September 30, 2026 totaled $9,865,599, up from $7,895,154 for the same period in 2025.
  • Total assets: Total assets stood at $35,383,672 as of September 30, 2026, compared with $34,523,087 as of March 31, 2026.
  • Stockholders' equity: Total stockholders' equity was $27,724,184 as of September 30, 2026, up from $25,215,630 as of March 31, 2026.
  • Shares outstanding: As of November 4, 2026, there were 14,128,468 shares of common stock issued and outstanding.
  • Earnings per share: Basic and diluted net income per common share each came to $0.09 for the three months ended September 30, 2026.

FatPipe Inc/UT Financial Results for the Quarter Ended September 30, 2026

Fatpipe Inc/UT, trading on NASDAQ:FATN and headquartered in Salt Lake City, Utah, disclosed its unaudited financial results for the three and six months ended September 30, 2026 in a Form 10-Q filed November 4, 2026. The company, which is classified as a smaller reporting company and an emerging growth company, reported gross profit of $4,349,128 on revenues of $4,834,061 for the quarter, with cost of revenues totaling $484,933. Total operating expenses for the quarter were $3,504,473, yielding income from operations of $844,655.

According to the filing, the company held cash of $3,102,944 and contracts receivable (current, net) of $7,423,747 as of September 30, 2026. Contracts receivable classified as non-current totaled $17,739,575, reflecting the company's multi-period revenue arrangements. Total liabilities declined to $7,659,488 from $9,307,457 as of March 31, 2026, with accounts payable falling to $133,380 from $390,174 and accrued expenses and other current liabilities dropping to $1,253,604 from $1,993,899 over the same period.

For the six months ended September 30, 2026, the filing reported net income of $2,427,958, compared with $697,808 for the corresponding period in 2025. The company issued 101,000 shares for employee and consultant services during the first quarter of the period and 3,000 shares for employees and board members during the second quarter. An income tax benefit of $370,815 was recorded in the three months ended September 30, 2026, contributing to net income exceeding income before taxes for the period. Retained earnings increased to $18,503,982 as of September 30, 2026, from $16,076,024 as of March 31, 2026.

What Was Disclosed

Fatpipe Inc/UT filed its quarterly report covering the period ended September 30, 2026, disclosing revenue growth, a return to quarterly profitability compared with the prior-year quarter, improved stockholders' equity, and a reduction in total liabilities relative to the fiscal year-end balance sheet.