FatPipe Q4 Revenue Jumps 90%, Adjusted EBITDA Reaches $3.1M
FatPipe reported Q4 2026 revenue of $7.2 million, a 90% increase year-over-year, with net income turning positive at $4.0 million and adjusted EBITDA rising to $3.1 million. For fiscal year 2026, revenue grew 18% to $19.2 million, net income jumped 154% to $5.0 million, and non-GAAP EPS reached $0.46.
1. Q4 2026 Financial Highlights
In the quarter ended March 31, 2026, FatPipe posted revenue of $7.2 million, up 90% from $3.8 million a year earlier. Net income was $4.0 million compared to a $0.37 million loss in Q4 2025, adjusted EBITDA rose to $3.1 million versus $0.2 million, and monthly recurring billings grew 56%.
2. Fiscal Year 2026 Performance
For FY2026, revenue reached $19.2 million, an 18% rise over FY2025. Net income climbed 154% to $5.0 million, non-GAAP net income increased from $2.0 million to $6.4 million, diluted EPS was $0.35, non-GAAP EPS was $0.46, and adjusted EBITDA rose to $5.4 million for a 28% margin.
3. Growth Drivers
Quarterly growth was driven by higher recurring billings, customer renewals, and new customer wins as enterprises adopt secure SD-WAN and integrated cybersecurity solutions. FatPipe’s application-aware routing and single-stack security platform underpinned strong customer demand.
4. Management Commentary
CEO Dr. Ragula Bhaskar highlighted the scalability of FatPipe’s model and disciplined execution that converted pipeline into profitable revenue and recurring billings growth. President and CTO Sanchaita Datta emphasized ongoing investments in product innovation and deployment support to meet enterprise network resilience and security needs.