FatPipe (FATN)
Builds subscription software that combines SD-WAN, networking, security, and monitoring.
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Provides subscription-based, application-aware SD-WAN software and an integrated platform combining networking, security, and monitoring. Customers include enterprises, service providers, government organizations, and middle-market companies, reached through direct and third-party distribution channels.
Builds enterprise-class, application-aware SD-WAN software and an integrated single-stack platform for networking, cybersecurity, and monitoring. Its technology grew from WAN-reliability work centered on router clustering, redundancy, optimization, and security functions.
Subscription sales are made through distributors, value-added resellers, ISPs, and other third parties, while the company typically retains direct end-user contracts and support. Customers span enterprises, communications and security service providers, government organizations, and middle-market companies.
Sales extend across the United States and South Asia. Founder leadership remains central: Ragula Bhaskar is CEO and Chairman, while Sanchaita Datta is President and CTO; the company says the founders are its primary technology inventors and have been instrumental in partnerships.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.3M · Total debt $5.6M · Total assets $35.5M · Shareholders' equity $26.5M
- Revenue
- $5.0M
- Operating income
- $901.5K
- Net income
- $1.2M
No dividends on record.
| Insiders | 28.46% | 4.02M shares | |
|---|---|---|---|
| 6 holders · as of Sep 14, 2026 | |||
| Strategic holders | 18.55% | 2.62M shares | |
| 2 holders · as of Apr 10, 2025 | |||
| Other | 52.99% | 7.49M shares | |
| remainder | |||
14.13M company shares as of Sep 22, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ragula BhaskarInsiderdirector, 10 percent owner | 16.32% | 2.31M | filed Mar 25, 2026 |
Mason Sutter SF TrustStrategicdirector, other: Beneficial Owner of the Trust. | 11.26% | 1.59M | filed Apr 10, 2025 |
Sanchaita DattaInsiderdirector, 10 percent owner | 10.98% | 1.55M | filed Jan 28, 2026 |
Skyline Investment TrustStrategicdirector, other: Beneficial owner of the Trust. | 7.30% | 1.03M | filed Apr 10, 2025 |
Kanishka RagulaInsiderofficer: Chief Financial Officer | 1.13% | 160,100 | filed Sep 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 3, 2026 | Ragula Bhaskar | director, 10 percent owner: | +20,000 | $1.45 |
| Jan 13, 2025 | Sanchaita Datta | director, 10 percent owner: | +1,500 | $2.14 |
| Jan 14, 2025 | Sanchaita Datta | director, 10 percent owner: | +1,000 | $2.13 |
| Jan 15, 2025 | Sanchaita Datta | director, 10 percent owner: | +2,000 | $2.15 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| FatPipe | $5.71 | −1.76% | $81.5M | 14.9 | 14.3 | 4.0 | +27.8% |
| Cisco Systems | $106.78 | −4.20% | $439.31B | 33.5 | 20.9 | 6.9 | +17.6% |
| Fortinet | $172.39 | −1.62% | $128.57B | 61.7 | 48.9 | 17.1 | +25.6% |
| Palo Alto Networks | $367.31 | −1.20% | $302.98B | 844.9 | 87.7 | 26.4 | +34.5% |
| Median | 61.7 | 48.9 | 17.1 | +25.6% |