FatPipe, Inc.
fatpipeinc.comWhat Do They Do?
Sells software for managing network traffic, cybersecurity, and network monitoring to enterprises, service providers, and government and middle-market organizations.
10-K for FY2026, filed May 18, 2026FatPipe is a leading developer of enterprise-class, application-aware, secure SD-WAN solutions and integrated single-stack cybersecurity…View ↗
We focus on enabling organizations to connect, secure, and monitor their networks through a unified software platform. Our solutions are…View ↗
To deliver on this vision, we hold over a dozen software and technology patents, which we leverage through an integrated suite of software…View ↗
How Do They Make Money?
Customers buy software licenses and any included network hardware at delivery; ongoing support, software updates, and monitoring are billed monthly over subscription terms, while consulting projects are paid as services are performed.
10-K for FY2026, filed May 18, 2026Software product and license revenue. Software product and license revenue is generated through the sale of perpetual licenses for our…View ↗
Service and support revenue. Service and support revenue is generated through the provision of technical support, software updates…View ↗
Consulting and other revenue. Consulting and other revenue is generated primarily through FT, which provides networking, programming, and…View ↗
Customer contracts are typically billed monthly. Amounts billed in advance of revenue recognition are recorded as deferred revenue. Amounts…View ↗
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10-K for FY2026, filed May 18, 2026
FY2026 revenue by product or service ↗
$19.2M
-
10-K for FY2026, filed May 18, 2026
$19.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2026, filed May 18, 2026 |
68% |
Product, FY2026
$13M Sources
|
Sold outright |
|
Service
Recurring
10-K for FY2026, filed May 18, 2026 |
20% |
Service, FY2026
$3.8M Sources
|
Recurring |
|
Consulting
Recurring
10-K for FY2026, filed May 18, 2026 |
12% |
Consulting, FY2026
$2.4M Sources
|
Recurring |
Who Are Their Customers?
Mid-market businesses and larger organizations, including public-sector groups, buy mostly through distributors, resellers, internet service providers, and other partners; FatPipe provides deployment, maintenance, and support directly to end users.
10-K for FY2026, filed May 18, 2026FatPipe’s software solutions have been deployed by over 2,500 end-user customers across a diverse set of sectors including education…View ↗
We primarily offer our software solutions to end-user customers through our distributors, value-added resellers, ISPs, and other third…View ↗
In 2023, we began an extensive program to train our sales force to support domestic and international commercial accounts. The program…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 26 cents of every revenue dollar as net income in FY2026, but spent more cash than it brought in: free cash flow was −$832.9K.
10-K for FY2026, filed May 18, 2026
$3.6MView ↗
10-K for FY2026, filed May 18, 2026
$5MView ↗
10-K for FY2026, filed May 18, 2026
−$832.9KView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q1 FY2026, filed Jul 30, 2026
$1.2MView ↗
- ▲ +65%
- vs $741.2K in Q1 FY2025
10-Q for Q1 FY2026, filed Jul 30, 2026
Open tableView ↗
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Jul 21, 2026
Wins a school contract for network edge products and monitoring services
The $7 million contract covers network edge products and network monitoring services for schools.
Sources
8-K, filed Jul 21, 2026
On July 21, 2026, FatPipe, Inc. issued a press release announcing that it was awarded a contract valued at approximately $7.0 million to…View ↗
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