By Lisa Thompson
NASDAQ: FATN
READ THE FULL FATN RESEARCH REPORT
Today, FatPipe Inc. (NASDAQ: FATN) said its preliminary revenues for FYQ4, ending March 31, 2026, would be in the range of $6.6 million to $7.0 million, and its adjusted EBITDA would fall between $3.0 million and $3.2 million. As a result, we are raising Q4 numbers to the midpoint of both. The company will report this quarter on May 18th after the close.
This brings FYQ4 EPS up to $0.16 per share compared to our previous estimate of $0.06. Our FY2026 estimates are now revenues of $18.8 million, up 15.3%, and EPS of $0.23 compared to $0.15 the year before (up 51.9%). Adjusted EBITDA for the year is estimated at $5.5 million versus $5.0 million in FY2025. We will revisit our FY2027 numbers after the company reports.
Given the increase in valuation of its peers and the increase in our 2026 calendar year revenue estimate, we are raising our current valuation from $5.00 to $6.00 per share.
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