Fatpipe INC/Ut (FATN) — SEC Filings

Overview

Fatpipe INC/Ut (FATN) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Nov 3, 2025: Fatpipe Inc. (FATN) reported a significant decline in revenue and net income for the three and six months ended September 30, 2025. Revenue for the three months decreased by 29.3% to $3,959,231 from $5,595,576 in the prior year, while net income swung to a loss of $43,387 from a gain of $1,627,648.

Sentiment Summary

Across 12 filings, the sentiment breakdown is: 1 bearish, 9 neutral, 2 mixed. The dominant filing sentiment for Fatpipe INC/Ut is neutral.

Filing Type Overview

Fatpipe INC/Ut (FATN) has filed 2 10-Q, 1 10-K, 2 8-K, 6 S-1/A, 1 S-1 with the SEC between Jul 2024 to Nov 2025.

Filings by Year

2025 · 2024

Recent Filings (12)

• Fatpipe Revenue Plunges Post-IPO, Net Income Turns Negative — 10-Q · Nov 3, 2025 Risk: high
  Fatpipe Inc. (FATN) reported a significant decline in revenue and net income for the three and six months ended September 30, 2025. Revenue for the three months
• Fatpipe's IPO Fuels Q1 Growth, But Customer Concentration Looms — 10-Q · Jul 30, 2025 Risk: high
  Fatpipe Inc/UT reported a significant increase in revenue for the quarter ended June 30, 2025, driven by its initial public offering (IPO) on April 7, 2025. The
• Fatpipe's IPO Boosts Capital Amid Soaring Revenue Concentration — 10-K · Jun 30, 2025 Risk: high
  Fatpipe Inc/UT (FATN) reported a significant increase in revenue concentration for the fiscal year ended March 31, 2025, with three major partners accounting fo
• Fatpipe Inc. Reports Director/Officer Changes & Compensation — 8-K · Apr 29, 2025 Risk: medium
  Fatpipe Inc./UT filed an 8-K on April 29, 2025, reporting events as of April 24, 2025. The filing indicates changes related to the departure of directors or cer
• Fatpipe Inc./UT Files 8-K for Material Definitive Agreement — 8-K · Apr 11, 2025 Risk: medium
  On April 7, 2025, Fatpipe Inc./UT entered into a material definitive agreement. The company, incorporated in Utah with EIN 27-1113325, filed this 8-K report on
• FatPipe Inc. Files S-1/A for IPO — S-1/A · Feb 7, 2025 Risk: medium
  FatPipe, Inc. filed an S-1/A amendment on February 7, 2025, for its initial public offering. The company, incorporated in Utah, is seeking to register an unspec
• FatPipe Inc. Files S-1/A for IPO — S-1/A · Feb 5, 2025 Risk: medium
  FatPipe, Inc. filed an S-1/A amendment on February 5, 2025, for its initial public offering. The company, incorporated in Utah with its principal executive offi
• FatPipe Inc. Files S-1/A for IPO — S-1/A · Dec 23, 2024 Risk: medium
  FatPipe, Inc. filed an S-1/A amendment on December 23, 2024, for its initial public offering. The company, incorporated in Utah with its principal executive off
• FatPipe Inc. Files S-1/A for IPO — S-1/A · Dec 6, 2024 Risk: medium
  FatPipe, Inc. has filed an S-1/A amendment on December 6, 2024, for its initial public offering. The company, incorporated in Utah, is seeking to register an un
• FatPipe Inc. Files S-1/A for IPO — S-1/A · Nov 14, 2024 Risk: medium
  FatPipe, Inc. filed an S-1/A amendment on November 14, 2024, for its initial public offering. The company, incorporated in Utah with its principal executive off
• FatPipe Inc. Files S-1/A for IPO — S-1/A · Oct 25, 2024 Risk: medium
  FatPipe, Inc. filed an S-1/A amendment on October 25, 2024, for its initial public offering. The company, incorporated in Utah with its principal executive offi
• FatPipe Inc. Files S-1 for Public Offering — S-1 · Jul 19, 2024 Risk: medium
  FatPipe, Inc., a Utah-based company specializing in prepackaged software, has filed an S-1 registration statement with the SEC on July 19, 2024. The filing, wit

Risk Profile

Risk Assessment: Of FATN's 12 recent filings, 3 were flagged as high-risk, 9 as medium-risk, and 0 as low-risk. The overall risk profile suggests moderate risk with a balanced mix of positive and cautionary disclosures.

Financial Highlights

Key financial metrics from Fatpipe INC/Ut's most recent 10-Q filing (Nov 3, 2025):

• Revenue: $3,959,231
• Net Income: $(43,387)
• EPS: N/A
• Debt-to-Equity: 0.54
• Cash Position: $6,229,021
• Operating Margin: -0.02%
• Total Assets: $32,243,025
• Total Debt: $11,255,706

Key Executives

• Chief Executive Officer
• Ragula Bhaskar
• Sanchaita Datta
• Darrin M. Ocasio, Esq.
• Matthew Siracusa, Esq.
• Joseph Lucosky, Esq.
• Ryan C. Wilkins

Industry Context

Fatpipe Inc. operates in the competitive networking and security solutions market. The industry is characterized by rapid technological advancements, increasing demand for cloud-based solutions, and evolving cybersecurity threats. Companies in this sector must continuously innovate to maintain market share and adapt to changing customer needs and regulatory landscapes.

Top Tags

ipo (7) · registration-statement (5) · sec-filing (5) · IPO (3) · Financial Performance (2) · Software (2) · Risk Management (2) · Prepackaged Software (2) · registration (2) · software (2)

Key Numbers

• Revenue (3 months ended Sep 30, 2025): $3,959,231 — 29.3% decrease from $5,595,576 in prior year
• Revenue (6 months ended Sep 30, 2025): $7,895,154 — 15.5% decrease from $9,345,895 in prior year
• Net loss (3 months ended Sep 30, 2025): $(43,387) — Swing from $1,627,648 net income in prior year
• Net income (6 months ended Sep 30, 2025): $697,808 — 68.8% decrease from $2,236,725 in prior year
• Cash (as of Sep 30, 2025): $6,229,021 — Increased from $2,920,550 as of March 31, 2025
• Net proceeds from IPO: $3,700,000 — Received on April 9, 2025
• Shares issued in IPO: 791,024 — Issued at $5.75 per share
• Stock-based compensation: $625,220 — Included in G&A for 6 months ended Sep 30, 2025
• Total assets (as of Sep 30, 2025): $32,243,025 — Increased from $28,287,769 as of March 31, 2025
• Total liabilities (as of Sep 30, 2025): $11,255,706 — Decreased from $12,362,452 as of March 31, 2025
• Revenue concentration from three major partners: 97% — Indicates high customer risk for Q1 2025, slightly down from 98% in Q1 2024.
• Revenue from Partner A: 49% — Shows significant reliance on a single customer in Q1 2025, up from 45% in Q1 2024.
• Gross proceeds from IPO: $5.0M — Represents new capital raised on April 7, 2025, through the issuance of 1,000,000 shares at $5.00 each.
• Total IPO Proceeds: $11.5M — Gross proceeds from IPO and over-allotment option in April 2025
• Revenue Concentration: 75% — Percentage of net sales revenue from three major partners in FY25, up from 60% in FY24

Frequently Asked Questions