Research / Stocks / FATN FATN Nasdaq CIK 0001993400
Fatpipe Inc/UT · Services-Prepackaged Software
COVERAGE / STANDARD
Latest filing 10-Q · Jul 30, 2026
Research state Latest filing analysis is current
Last SEC check Sep 13, 2026
Data basis Official SEC · no quote feed Component status Filing Evidence Research Current Official SEC filing history is available
Structured Financials Research Current Validated structured financial research is available
Filing Analysis Research Current No filing analysis job is currently running
Fundamental State Research Current Fundamental State depends on validated comparable financial metrics
RESEARCH SNAPSHOT Fatpipe Inc/UT's latest supported as-filed period reports revenue of $5.0M ; gross margin moved 199 basis points lower on the same comparison basis. Every value below links to its SEC accession and metric lineage.
Deterministic / evidence backed Key research observations No material rule-based research observation currently meets GrossPattern's Insight value threshold. Current state, direction, and filing evidence remain available below.
Current configuration / point in time Fundamental state A multidimensional view of the latest comparable filing—not a composite score or recommendation.
Debt relative to revenue RAW Current state valid · history insufficient
Method Level · gp.fundamentals.debt_to_revenue
Raw value 90.06% · OPTIONAL
Operating cash generation RAW Current state valid · history insufficient
Method Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue
Raw value -13.50% · OPTIONAL
Revenue growth RAW Current state valid · history insufficient
Method Yoy · gp.fundamentals.revenue
Raw value 27.84% · CORE
Inventory pressure RAW Current state valid · history insufficient
Method Level · gp.fundamentals.inventory_revenue_ratio
Raw value 15.30% · OPTIONAL
Gross margin RAW Current state valid · history insufficient
Method Level · gp.fundamentals.gross_margin
Raw value 92.25% · CORE
Operating margin RAW Current state valid · history insufficient
Method Level · gp.fundamentals.operating_margin
Raw value 17.92% · CORE
R&D intensity RAW Current state valid · history insufficient
Deterministic multi-period research Company direction Business direction, financial quality, capital allocation, and governance evidence remain separate—never collapsed into a recommendation score.
As filed Jun 30, 2026 General Corporate
Governance Evidence 4 evidence-backed dimensions Filing Amendments None Detected Auditor Changes None Detected Sbc Intensity Observed Insider Activity Observed [email protected] · 6 historical states · 50% confidenceInterpretation boundary Direction describes measurable company fundamentals. Governance reports observable evidence only; it does not grade management character or predict stock returns.
Comparable evidence Peer context Latest available comparable states within 180 days, normalized with robust median/MAD statistics.
Cash Generation
FATN -13.5
Peer median 16.4
Peer percentile 19th 143 valid peers · 91% coverage · -1.5 robust σ Margin
FATN 92.2
Peer median 72.6
Peer percentile 99th 131 valid peers · 83% coverage · +1.4 robust σ Growth
FATN 27.8
Peer median 10.6
Peer percentile 84th 129 valid peers · 82% coverage · +1.2 robust σ R And D Intensity
FATN 10.5
Peer median 21.6
Peer percentile 13th 131 valid peers · 83% coverage · -0.9 robust σ Profitability
FATN 17.9
Peer median -1.8
Peer percentile 84th 148 valid peers · 94% coverage · +0.9 robust σ Sbc Intensity
FATN 4.1
Peer median 10.9
Peer percentile 17th 142 valid peers · 90% coverage · -0.9 robust σ Open group breadth → Divergence is context, not positive or negative. INSIDER STATE / 90D Recent disclosed activity
Open-market purchases 0
Sales 0
Distinct buyers 0
Repeat buyer NO Conservative Form 4 classification · not a sentiment label Flagship analysis / V3 What changed? The most important deterministic changes, ranked by magnitude, issuer history, persistence, and accounting profile.
Current 10-Q 0001493152-26-035447 10 governed changes · top 7 shown
01
HIGH IMPORTANCE Cash 0TH HISTORICAL PCTL · N=2
Cash & equivalents decreased 27.1% Cash & equivalents changed -27.1% from the comparable as-filed period.
Why this ranks here · [email protected] $5.9M → $4.3M Comparable → current
02
MEDIUM IMPORTANCE Debt 100TH HISTORICAL PCTL · N=1
Debt decreased 7.8% Debt changed -7.8% from the comparable as-filed period.
Why this ranks here · [email protected] $4.9M → $4.5M Comparable → current
03
MEDIUM IMPORTANCE Margin 50TH HISTORICAL PCTL · N=2
Gross margin moved 199 bp lower Gross margin changed -199 basis points from the comparable as-filed period.
Why this ranks here · [email protected] 94.23% → 92.25% Comparable → current
04
HIGH IMPORTANCE Margin 100TH HISTORICAL PCTL · N=2
Gross profit increased 25.1% Gross profit changed +25.1% from the comparable as-filed period.
As-filed financials Financial trajectory Each point keeps the date investors could first observe it and its accession.
As filed Current normalized · later
Capex / revenue 0.27% +0.0% ↑ Capital expenditure $52,483 +23.6% ↑ Cash & equivalents $4.3M -17.4% ↓ Debt $4.5M -2.0% ↓ Free-cash-flow proxy -$832,876 +0.0% ↑ Gross margin 92.25% +0.0% ↑ Interest expense $95,112 -76.4% ↓ Inventory $769,903 +72.7% ↑
ACTIVE TRACE Revenue FATN · as filed with the SEC · reported-date aware
Capex / revenue FY / 2026-03-31 0.27% +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Capital expenditure FY / 2026-03-31 $52,483 +23.6% sequential point Trace ↗ Evidence inspector
Loading lineage… × Cash & equivalents Q1 / 2026-06-30 $4.3M -17.4% sequential point Trace ↗ Evidence inspector
Loading lineage… × Debt Q1 / 2026-06-30 $4.5M -2.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Free-cash-flow proxy FY / 2026-03-31 -$832,876 +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Gross margin Q1 / 2026-06-30 92.25% +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Interest expense Q1 / 2026-06-30 $95,112 -76.4% sequential point Trace ↗ Evidence inspector
Loading lineage… × Inventory Q1 / 2026-06-30 $769,903 +72.7% sequential point Trace ↗ Evidence inspector
Loading lineage… × Net income Q1 / 2026-06-30 $1.2M -75.3% sequential point Trace ↗ Evidence inspector
Loading lineage… × Operating cash flow Q1 / 2026-06-30 -$679,047 +13.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Operating margin Q1 / 2026-06-30 17.92% +0.0% sequential point Trace ↗ Evidence inspector
Loading lineage… × Research & development Q1 / 2026-06-30 $527,045 -72.3% sequential point Trace ↗ Evidence inspector
Loading lineage… × Primary evidence Filing timeline Direct SEC links, filing dates, report periods, and amendment flags.
10-Q Jul 30, 2026 Period Jun 30, 2026 0001493152-26-035447SEC ↗ 8-K Jul 30, 2026 Period Jul 30, 2026 0001493152-26-035446SEC ↗ 8-K Jul 23, 2026 Period Jul 23, 2026 0001493152-26-034358SEC ↗ 8-K Jul 21, 2026 Period Jul 21, 2026 0001493152-26-034029SEC ↗ 4 Jul 13, 2026 Period Jul 13, 2026 0001493152-26-033008SEC ↗ 4 Jul 13, 2026 Period Jul 13, 2026 0001493152-26-033005SEC ↗ 8-K Jul 2, 2026 Period Jul 2, 2026 0001493152-26-031970SEC ↗ 4/A Form 4 Insider activity Transaction semantics distinguish purchases, sales, awards, exercises, withholding, and derivatives.
“Insider purchase” rule Code P · non-derivative · acquired · direct ownership · positive price and shares · not amended
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