Stocktoria
Fatpipe Inc/UT FATN
Nasdaq · XNAS · stock · Services-Prepackaged Software · website · IPO 2025-04-08
Chart by TradingView
4/9
Piotroski F — financial health
7.38
Altman Z″ — distress risk · safe
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Financials | |||
| Revenue | $19.2M | $16.3M | $17.9M |
| Gross profit | $17.5M | $15.2M | $16.8M |
| Operating income | $3.6M | $3.5M | $5.6M |
| Net income | $5.0M | $2.0M | $4.4M |
| Operating cash flow | -$780,393 | -$504,124 | -$363,425 |
| Free cash flow | -$832,876 | -$523,886 | -$382,613 |
| Total assets | $34.5M | $28.3M | $21.4M |
| Total liabilities | $9.3M | $12.4M | $7.4M |
| Shareholders' equity | $25.2M | $15.9M | $14.1M |
| Ratios | |||
| Gross margin | 91.0% | 93.5% | 94.0% |
| Operating margin | 18.7% | 21.3% | 31.6% |
| Net margin | 25.9% | 12.1% | 24.4% |
| FCF margin | -4.3% | -3.2% | -2.1% |
| Return on assets | 14.4% | 7.0% | 20.4% |
| Return on equity | 19.7% | 12.3% | 31.1% |
| Debt / equity | 0.18× | 0.31× | — |
| Current ratio | 3.85 | 2.00 | 1.98 |
| Revenue growth | 17.9% | -8.8% | — |
Why these scores methodology →
Piotroski F-score: 4/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: 7.38 (safe)
- Working capital / assets 0.353
- Retained earnings / assets 0.466
- EBIT / assets 0.104
- Equity / liabilities 2.709
Sector peers
GOOG · MSFT · META · BABA · DIS · HCA · all Services →
Source: SEC EDGAR filings · CIK 0001993400 · as of 2026-03-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.