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Prelim Q4 surge at FatPipe (NASDAQ: FATN) with 79% revenue jump

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

FatPipe, Inc. released preliminary results for its fiscal fourth quarter ended March 31, 2026, showing a sharp acceleration in growth. The company expects Q4 revenue between $6.6 million and $7.0 million, which represents about 79% year-over-year growth at the midpoint.

FatPipe also projects Adjusted EBITDA of $3.0 million to $3.2 million for Q4 fiscal 2026, compared with $0.2 million in the prior-year quarter, reflecting stronger operating leverage. These figures are preliminary and subject to completion of closing procedures and audit.

The company plans to release full fiscal 2026 results on May 18, 2026 after market close and will host an investor webinar from 4:15 PM to 4:45 PM to discuss its performance and business trends.

Positive

  • Strong preliminary growth: Q4 fiscal 2026 revenue is expected between $6.6 million and $7.0 million, representing about 79% year-over-year growth at the midpoint.
  • Major profitability improvement: Q4 fiscal 2026 Adjusted EBITDA is projected at $3.0 million to $3.2 million, up from $0.2 million in Q4 fiscal 2025.

Negative

  • None.

Insights

Preliminary Q4 shows rapid revenue growth and a major EBITDA step-up.

FatPipe is guiding Q4 fiscal 2026 revenue to $6.6M–$7.0M, implying about 79% year-over-year growth at the midpoint. This suggests strong demand for its software-defined networking and cybersecurity offerings and improved sales execution.

Projected Q4 Adjusted EBITDA of $3.0M–$3.2M versus $0.2M a year earlier indicates much stronger profitability. However, the company stresses these are unaudited, preliminary figures subject to normal closing and audit procedures, so final results may change.

The full fiscal 2026 results and updated commentary on growth drivers and risks are scheduled for an investor webinar on May 18, 2026 after market close, when management will provide more detail on margins, channel expansion, and outlook.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q4 2026 revenue range $6.6M–$7.0M Preliminary fiscal Q4 2026 revenue guidance
Q4 2026 revenue growth ≈79% YoY Year-over-year growth at midpoint of Q4 2026 revenue range
Q4 2026 Adjusted EBITDA range $3.0M–$3.2M Preliminary fiscal Q4 2026 Adjusted EBITDA
Q4 2025 Adjusted EBITDA $0.2M Adjusted EBITDA for Q4 fiscal 2025 for comparison
Earnings release date May 18, 2026 Planned release of full fiscal 2026 results after market close
Investor webinar time 4:15 PM–4:45 PM Scheduled duration of May 18, 2026 earnings call
Adjusted EBITDA financial
"4th Quarter Adjusted EBITDA in the range of $3.0 million to $3.2 million for Q4 FY2026 as compared to $0.2 million for Q4 FY2025"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
software-defined wide area networking technical
"a pioneer and multiple patents holder in enterprise-class software-defined wide area networking and cybersecurity solutions"
Software-defined wide area networking (SD‑WAN) is a method of managing and directing data traffic between offices, cloud services and remote users using software rather than fixed physical circuits. Like a smart traffic controller that chooses the fastest, cheapest route for each vehicle, SD‑WAN improves performance, reliability and security while lowering connectivity costs and simplifying management. Investors care because it can reduce operating expenses, enable faster rollout of digital services, and affect demand for networking and cloud-related spending.
forward-looking statements regulatory
"This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
software-defined networking technical
"13 U.S. patents related to multipath and software-defined networking."
Software-defined networking is a way to control and manage computer networks using centralized software rather than relying on many individual hardware switches and routers. Think of it like replacing a room full of manual light switches with a single app that can rewire lighting patterns instantly. It matters to investors because it can cut costs, speed rollouts, improve security updates, and enable more flexible, scalable services that drive revenue and reduce capital spending.
Revenue $6.6M–$7.0M +79% YoY
Adjusted EBITDA $3.0M–$3.2M vs $0.2M in Q4 FY2025
false 0001993400 0001993400 2026-04-30 2026-04-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

    OMB APPROVAL
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

   OMB Number:       3235-0060

   Expires:      October 31, 2024

   Estimated average burden

   hours per response        8.41

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) April 30, 2026

 

Fatpipe Inc/UT

FATPIPE, INC.

 

(Exact name of registrant as specified in its charter)

 

Utah   001-42546   27-1113325
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

392 East Winchester Street, Fifth Floor, Salt Lake City, UT   84107
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (844) 203-6092

 

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

SEC 873 (07-24) Potential persons who are to respond to the collection of information contained in this Form are not required to respond unless the Form displays a currently valid OMB control number.

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, no par value   FATN   Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 2.02 Results of Operations and Financial Condition.

 

On April 30, 2026, FatPipe, Inc. issued a press release providing preliminary guidance for its fourth quarter ended March 31, 2026, as well as certain business updates and information regarding the Company’s upcoming earnings release and conference call. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

The preliminary financial results included in the press release are based on currently available information and management’s initial review and are subject to the completion of the Company’s financial closing procedures and audit. Actual results may differ materially from the preliminary results provided.

 

This information is intended to be furnished under Item 2.02 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act as shall be expressly set forth by specific reference in such a filing.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Preliminary Fourth Quarter Fiscal 2026 Results
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2 of 2
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  FatPipe, Inc.
  (Registrant)
     
Date April 30, 2026    
    /s/ Ragula Bhaskar
    (Signature)*
  Name: Ragula Bhaskar
  Title: Chief Executive Officer (Principal Executive Officer)

 

*Print name and title of the signing officer under his signature.

 

3 of 2

 

 

Exhibit 99.1

 

FatPipe, Inc. Provides Preliminary Fourth Quarter Fiscal 2026 Results and Business Update; Schedules Earnings Release for May 18th, 2026

 

SALT LAKE CITY, UT / PRNewswire / April 30, 2026

 

FatPipe, Inc. (NASDAQ: FATN), a pioneer and multiple patents holder in enterprise-class software-defined wide area networking and cybersecurity solutions, today provided preliminary financial results for its fiscal quarter ended March 31, 2026, along with a business update ahead of its upcoming earnings release.

 

Preliminary Financial Highlights

 

Based on currently available information, FatPipe expects for the fourth quarter of fiscal 2026:

 

4th Quarter revenue in the range of $6.6 million to $7.0 million, representing approximately 79% YoY growth at the midpoint
4th Quarter Adjusted EBITDA in the range of $3.0 million to $3.2 million for Q4 FY2026 as compared to $0.2 million for Q4 FY2025

 

The Company’s preliminary results reflect continued investment in sales efforts and ongoing expansion of its channel partnerships.

 

These unaudited preliminary results are based on management’s initial review and are subject to the completion of the Company’s financial closing procedures and audit.

 

A reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure will be provided with the Company’s full financial results. Adjusted EBITDA should not be considered in isolation or as a substitute for GAAP measures.

 

Upcoming Earnings Release and Conference Call

 

FatPipe plans to release its full fiscal year 2026 financial results on May 18, 2026, after market close.

 

Management will host a conference call and webcast to discuss the results:

 

Date: May 18, 2026
Time: 4:15 PM to 4:45 PM ET
Format: Investor Webinar
Registration Link: https://events.teams.microsoft.com/event/36b2db48-b620-4895-ade5-94296ccee6f2@51ec01b9-4755-406d-a5cf-be0d14b56e66

 

 

 

 

Safe Harbor Statement

 

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company’s expected financial results, anticipated revenue, margins, profitability, cash position, growth prospects, business strategy, market opportunity, product development, customer demand, sales pipeline, channel expansion, and the timing and results of the Company’s fiscal year 2026 financial close and audit.

 

These forward-looking statements are based on the Company’s current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management, and are not guarantees of future performance. Words such as “expects,” “anticipates,” “believes,” “intends,” “plans,” “estimates,” “projects,” “may,” “will,” “should,” “could,” “continues,” and similar expressions are intended to identify such forward-looking statements.

 

Actual results may differ materially from those expressed or implied by these forward-looking statements as a result of various risks and uncertainties, including, but not limited to:

 

the completion of the Company’s financial closing procedures and audit, and the possibility of adjustments to the preliminary financial results presented herein;
the Company’s ability to accurately forecast demand and convert its sales pipeline into revenue;
variability in customer purchasing cycles, including delays or reductions in spending by enterprise, service provider, or public sector customers;
risks related to the Company’s channel and distribution strategy, including dependence on third-party partners;
competition in the markets for software-defined networking, SASE, and cybersecurity solutions, including from larger and more established companies;
the Company’s ability to successfully develop, introduce, and gain market acceptance for new products and enhancements, including its integrated networking and security offerings;
risks related to cybersecurity threats, network disruptions, or failures in the Company’s products or services;

 

 

 

 

general economic, industry, and market conditions, including inflationary pressures, interest rate changes, and geopolitical uncertainty;
the impact of regulatory requirements applicable to public companies and the Company’s ability to maintain effective internal controls over financial reporting; and
other risks and uncertainties described in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

 

The preliminary financial information presented in this press release is based on management’s initial review of operations for the period and remains subject to the completion of normal quarter- and year-end accounting procedures, including the audit by the Company’s independent registered public accounting firm. Accordingly, actual reported results may differ materially from the preliminary results presented herein. Investors are cautioned not to place undue reliance on these preliminary financial results.

 

Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

 

About FatPipe, Inc.

 

FatPipe pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for cooperation from ISPs and allow enterprises and service providers to control multi-link network traffic. FatPipe offers a single-stack networking and cybersecurity platform backed by 13 U.S. patents related to multipath and software-defined networking. FatPipe products are sold through more than 200 resellers worldwide.

 

For more information, please visit www.fatpipeinc.com.

 

Follow us on X @FatPipe_Inc.

 

Company Contact

+1 801.683-5656 x 1140

Investor.ir@fatpipeinc.com

 

 

 

FAQ

What preliminary Q4 2026 revenue did FatPipe Inc. (FATN) report?

FatPipe expects Q4 fiscal 2026 revenue between $6.6 million and $7.0 million, implying about 79% year-over-year growth at the midpoint. These figures are preliminary and subject to completion of financial closing procedures and audit before final results are issued.

How did FatPipe Inc.’s (FATN) Adjusted EBITDA change in Q4 2026?

For Q4 fiscal 2026, FatPipe projects Adjusted EBITDA of $3.0 million to $3.2 million, compared with $0.2 million in Q4 fiscal 2025. This indicates a substantial improvement in operating profitability, based on preliminary, unaudited results that may change after the audit.

When will FatPipe Inc. (FATN) release full fiscal 2026 results?

FatPipe plans to release its full fiscal year 2026 results on May 18, 2026 after market close. Management will host an investor webinar from 4:15 PM to 4:45 PM the same day to discuss financial performance and provide a business update.

What event is FatPipe Inc. (FATN) hosting for Q4 2026 investors?

Management will host an investor webinar on May 18, 2026 from 4:15 PM to 4:45 PM to review fiscal 2026 results. The company has provided an online registration link for investors to join the call and hear detailed commentary on performance.

Are FatPipe Inc.’s (FATN) Q4 2026 figures final or preliminary?

The Q4 fiscal 2026 revenue and Adjusted EBITDA ranges are preliminary and unaudited. They are based on management’s initial review and remain subject to normal quarter- and year-end accounting procedures and audit, so actual reported results may differ materially.

What business does FatPipe Inc. (FATN) operate in?

FatPipe operates in software-defined wide area networking and cybersecurity, offering a single-stack networking and security platform. The company holds 13 U.S. patents related to multipath and software-defined networking and sells its products through more than 200 resellers worldwide.

Filing Exhibits & Attachments

4 documents