FatPipe Revenue Rises 22% in Second Quarter
The Salt Lake City-based NASDAQ company reported fiscal 2027 second-quarter results for the period ended September 30, 2026.
Updated on Nov. 4, 2026 in Corporate Finance
FatPipe, Inc. (NASDAQ: FATN) reported second quarter fiscal year 2027 revenue of $4.83 million, up 22% from $3.96 million a year earlier. The company posted net income of $1.2 million, compared with a net loss of $0.04 million in the prior-year quarter.
Why it matters
The results show a swing to profitability alongside revenue growth for a company that sells SD-WAN and single-stack cybersecurity solutions through channel partners and resellers. For Utah-based investors and the state's technology sector, the figures offer a concrete measure of how a local networking firm is performing.
The figures are company-reported results for the quarter ended September 30, 2026, with Q2 2027 revenue of $4.83 million against $3.96 million a year earlier and diluted EPS of $0.09 versus $0.00. Adjusted EBITDA reached $1.2 million, a margin of about 24.1%, but the filing offers no guidance on whether this growth rate will hold.
The players
FatPipe, Inc.
A Salt Lake City-based provider of SD-WAN and single-stack cybersecurity solutions that trades on NASDAQ under the ticker FATN.
The details
Revenue growth was driven by increased recurring billings, customer renewals, and new customer wins. FatPipe, which holds 13 U.S. patents related to multipath software-defined networking, sells through channel partners and resellers.
Timeline
September 30, 2026: End of the quarter covered by the results.
November 4, 2026: FatPipe announced its fiscal 2027 second-quarter results.
Corporate Finance Trajectory
FatPipe's growth fits the broader shift of enterprises replacing legacy branch-office routing with software-defined wide area networking. The company's move from a net loss to profit alongside 22% revenue growth reflects that transition for a small-cap vendor.
Investors tracking FATN now have a reported profit figure and a 24.1% Adjusted EBITDA margin to weigh against the company's share price. The results do not change any individual's portfolio allocation, but they give a concrete data point for evaluating a small-cap networking stock.
The takeaway
Revenue growth paired with a swing to positive net income is a useful signal for evaluating a small-cap company, but a single quarter does not establish a trend. Readers should compare future quarterly filings before drawing conclusions about sustainability.
Further reading
For related coverage, see Corporate Finance reporting from across the state.
