FatPipe, Inc. announced its first quarter fiscal year 2026 results for the period ended June 30, 2025, on July 30, 2025. The company reported total revenue of $3.9 million, representing a 5% increase compared to $3.8 million in the first quarter of fiscal 2025. This growth was driven by customer retention and increased sales efforts.
Product revenue saw a significant increase of 16.2% year-over-year, contributing to the overall top-line growth. The company's gross margin expanded to 94% in Q1 FY26, up from 92% in Q1 FY25, primarily driven by customer contract extensions.
Net income for the quarter was $0.7 million, a 22% increase from $0.6 million in the prior year's quarter. Adjusted EBITDA totaled $1.1 million, up 10% from $1.0 million in Q1 FY25, reflecting strong operational performance.
Cash and cash equivalents significantly increased to $5.9 million as of June 30, 2025, up from $2.9 million on March 31, 2025. This substantial increase was a direct result of the net proceeds from its April 2025 Initial Public Offering.
During the fiscal first quarter, FatPipe completed a 252-site deployment for a large customer in record time. This implementation reinforces the company's commitment to critical infrastructure sectors and expands its footprint in high-growth verticals where secure connectivity is essential.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.