← Back to All US Stocks

Fatpipe Inc/UT (FATN) Stock Fundamental Analysis & AI Rating 2026

FATN Nasdaq Services-Prepackaged Software UT CIK: 0001993400
Updated This Month • Analysis: Mar 24, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
73% Confidence
AGREEMENT
SELL
72% Conf
HOLD
74% Conf

📊 FATN Key Takeaways

Revenue: $5.7M
Net Margin: 17.8%
Free Cash Flow: $89.7K
Current Ratio: 2.71x
Debt/Equity: 0.22x
EPS: $0.07
AI Rating: SELL with 72% confidence
Fatpipe Inc/UT (FATN) receives a SELL rating with 73% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $5.7M, net profit margin of 17.8%, and return on equity (ROE) of 4.8%, Fatpipe Inc/UT demonstrates mixed fundamentals in the Technology sector. Below is our complete FATN stock analysis for 2026.

Is Fatpipe Inc/UT (FATN) a Good Investment?

Claude

Fatpipe exhibits severe accounting inconsistencies with gross profit (10.9M) exceeding revenue (5.7M), indicating data quality issues that undermine fundamental analysis reliability. Despite strong liquidity and leverage metrics, the company faces stagnant revenue growth (0% YoY), dramatically declining diluted EPS (-57.1% YoY), and negligible free cash flow generation (1.6% FCF margin) relative to asset base, suggesting operational efficiency problems and potential unsustainable earnings.

ChatGPT

FatPipe shows positive reported profitability and a healthy balance sheet, with solid liquidity, modest leverage, and positive net income. However, growth quality looks weak because revenue was flat, free cash flow generation was minimal relative to sales, and diluted EPS fell sharply despite stable net income, suggesting dilution or capital structure pressure. The unusually high gross margin also raises questions about earnings quality or classification, which tempers conviction.

Why Buy Fatpipe Inc/UT Stock? FATN Key Strengths

Claude
  • + Strong liquidity position with 2.71x current ratio and 6.2M cash reserves
  • + Conservative leverage with 0.22x debt-to-equity ratio providing financial flexibility
  • + Positive interest coverage of 4.7x indicates manageable debt service obligations
ChatGPT
  • + Strong liquidity with 2.71x current ratio and $6.16M cash against modest leverage
  • + Positive operating and net profitability, including 24.8% operating margin and 17.8% net margin
  • + Manageable balance sheet risk with debt/equity of 0.22x and positive interest coverage of 4.7x

FATN Stock Risks: Fatpipe Inc/UT Investment Risks

Claude
  • ! Critical data anomaly: gross profit exceeds revenue by 191%, suggesting material reporting errors or consolidation issues requiring immediate clarification
  • ! Revenue completely stalled with 0% YoY growth and declining unit economics evidenced by 57.1% EPS decline despite net income growth
  • ! Severely impaired cash generation with only 89.7K free cash flow on 5.7M revenue (1.6% FCF margin) insufficient to fund growth or returns
ChatGPT
  • ! Flat revenue indicates limited top-line momentum and weak growth quality
  • ! Free cash flow is very thin at $89.68K, only 1.6% of revenue, despite reported earnings
  • ! Diluted EPS fell 57.1% year over year and reported gross margin above 100% suggests potential data or accounting classification concerns

Key Metrics to Watch

Claude
  • * Revenue growth trajectory and gross profit reconciliation (resolve 193.5% gross margin anomaly)
  • * Free cash flow and operating cash flow sustainability relative to capital requirements
  • * Earnings quality and dilution factors driving 57% EPS decline despite positive net income growth
ChatGPT
  • * Operating cash flow and free cash flow conversion versus net income
  • * Revenue growth and diluted share count trend

Fatpipe Inc/UT (FATN) Financial Metrics & Key Ratios

Revenue
$5.7M
Net Income
$1.0M
EPS (Diluted)
$0.07
Free Cash Flow
$89.7K
Total Assets
$32.4M
Cash Position
$6.2M

💡 AI Analyst Insight

The relatively thin 1.6% FCF margin may limit capital allocation flexibility. Strong liquidity with a 2.71x current ratio provides a solid financial cushion.

FATN Profit Margin, ROE & Profitability Analysis

Gross Margin 193.5%
Operating Margin 24.8%
Net Margin 17.8%
ROE 4.8%
ROA 3.1%
FCF Margin 1.6%

FATN vs Technology Sector: How Fatpipe Inc/UT Compares

How Fatpipe Inc/UT compares to Technology sector averages

Net Margin
FATN 17.8%
vs
Sector Avg 18.0%
FATN Sector
ROE
FATN 4.8%
vs
Sector Avg 22.0%
FATN Sector
Current Ratio
FATN 2.7x
vs
Sector Avg 2.5x
FATN Sector
Debt/Equity
FATN 0.2x
vs
Sector Avg 0.5x
FATN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Fatpipe Inc/UT Stock Overvalued? FATN Valuation Analysis 2026

Based on fundamental analysis, Fatpipe Inc/UT has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
4.8%
Sector avg: 22%
Net Profit Margin
17.8%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.22x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Fatpipe Inc/UT Balance Sheet: FATN Debt, Cash & Liquidity

Current Ratio
2.71x
Quick Ratio
2.68x
Debt/Equity
0.22x
Debt/Assets
34.6%
Interest Coverage
4.68x
Long-term Debt
$4.6M

FATN Revenue & Earnings Growth: 5-Year Financial Trend

FATN 5-year financial data: Year 2025: Revenue $17.9M, Net Income $4.4M, EPS $0.35.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Fatpipe Inc/UT's revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $0.35 reflects profitable operations.

FATN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
1.6%
Free cash flow / Revenue

FATN Quarterly Earnings & Performance

Quarterly financial performance data for Fatpipe Inc/UT including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2026 $3.1M N/A $0.01
Q2 2026 $4.0M -$43.4K $0.00
Q1 2026 $3.8M $625.5K $0.05

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Fatpipe Inc/UT Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$132.1K
Cash generated from operations
Capital Expenditures
$42.4K
Investment in assets
Dividends
None
No dividend program

FATN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Fatpipe Inc/UT (CIK: 0001993400)

📋 Recent SEC Filings

Date Form Document Action
Mar 25, 2026 4 xslF345X06/ownership.xml View →
Mar 5, 2026 8-K form8-k.htm View →
Feb 2, 2026 10-Q form10-q.htm View →
Jan 28, 2026 4 xslF345X05/ownership.xml View →
Nov 3, 2025 10-Q form10-q.htm View →

Frequently Asked Questions about FATN

What is the AI rating for FATN?

Fatpipe Inc/UT (FATN) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 73% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are FATN's key strengths?

Claude: Strong liquidity position with 2.71x current ratio and 6.2M cash reserves. Conservative leverage with 0.22x debt-to-equity ratio providing financial flexibility. ChatGPT: Strong liquidity with 2.71x current ratio and $6.16M cash against modest leverage. Positive operating and net profitability, including 24.8% operating margin and 17.8% net margin.

What are the risks of investing in FATN?

Claude: Critical data anomaly: gross profit exceeds revenue by 191%, suggesting material reporting errors or consolidation issues requiring immediate clarification. Revenue completely stalled with 0% YoY growth and declining unit economics evidenced by 57.1% EPS decline despite net income growth. ChatGPT: Flat revenue indicates limited top-line momentum and weak growth quality. Free cash flow is very thin at $89.68K, only 1.6% of revenue, despite reported earnings.

What is FATN's revenue and growth?

Fatpipe Inc/UT reported revenue of $5.7M.

Does FATN pay dividends?

Fatpipe Inc/UT does not currently pay dividends.

Where can I find FATN SEC filings?

Official SEC filings for Fatpipe Inc/UT (CIK: 0001993400) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is FATN's EPS?

Fatpipe Inc/UT has a diluted EPS of $0.07.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is FATN a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Fatpipe Inc/UT has a SELL rating with 73% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is FATN stock overvalued or undervalued?

Valuation metrics for FATN: ROE of 4.8% (sector avg: 22%), net margin of 17.8% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

Should I buy FATN stock in 2026?

Our dual AI analysis gives Fatpipe Inc/UT a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is FATN's free cash flow?

Fatpipe Inc/UT's operating cash flow is $132.1K, with capital expenditures of $42.4K. FCF margin is 1.6%.

How does FATN compare to other Technology stocks?

Vs Technology sector averages: Net margin 17.8% (avg: 18%), ROE 4.8% (avg: 22%), current ratio 2.71 (avg: 2.5).

Top Rated Stocks
NSSC 92% MLI 92% MELI 92% MDXG 92% MANH 92% INVA 92% GGG 92% GCT 92% FTNT 92% FSLR 92%
Sector: All Technology Stocks →
Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 24, 2026 | Data as of: 2025-12-31 | Powered by Claude AI