FatPipe Q2 FY27 Revenue Rises 22%, Net Income Reaches $1.2 Million

FatPipe Inc. reported higher revenue and a return to quarterly profitability in its fiscal second quarter, as adjusted EBITDA rose nearly 60% from a year earlier. The stronger earnings came despite a 2.1-percentage-point decline in gross margin.

Revenue for the three months ended September 30, 2026, increased 22.1% year over year to $4.83 million. Net income was $1.20 million, an improvement of $1.25 million from the prior-year period, while earnings per share reached $0.09, up $0.09.

Adjusted EBITDA, a non-GAAP measure, rose 59.7% to $1.16 million. Gross margin was 90.0%, compared with 92.1% a year earlier. FatPipe said adjusted EBITDA is intended as a supplemental performance measure and should not be considered a substitute for GAAP results.

First-half revenue reaches $9.87 million

For the six months ended September 30, 2026, revenue grew 25.0% to $9.87 million. Net income increased 247.9% to $2.43 million, and earnings per share rose 240.4% to $0.17.

First-half adjusted EBITDA advanced 34.4% to $2.45 million. Gross margin declined by 2.1 percentage points to 91.1%.

The presentation included recurring-billings history but did not provide readable period-specific figures or discuss the business factors behind the quarterly changes. It also did not provide financial guidance or a detailed management outlook.

FatPipe cautioned that forward-looking statements are subject to risks, uncertainties and assumptions, and that actual results could differ from current expectations. The company also said the presentation was prepared for certain institutional investors evaluating a contemplated securities offering. Any offering would be made through an SEC registration statement, and no such registration statement had become effective as of the presentation date.