FatPipe Q1 revenue rises driven by recurring billings and new costumer wins

FatPipe

30/07/2026 21:09

Overview
US SD-WAN and cybersecurity firm's fiscal Q1 revenue rose 28% yr/yr
Net income and adjusted EBITDA increased from prior year
Growth driven by recurring billings, renewals, and new customer wins

Outlook
FatPipe says organizations are prioritizing network resilience and cybersecurity
Company continues to invest in technology and single-stack cybersecurity capabilities

Result Drivers
RECURRING REVENUE - Co said increased recurring billings and customer renewals drove revenue growth
CUSTOMER DEMAND - Management cited strong demand from customers seeking secure, high-performance alternatives to legacy vendors
TECHNOLOGY INVESTMENT - Co said it continues to invest in technology, centralized visibility, network monitoring, and single-stack cybersecurity capabilities

Company press release: ID:nPn70CMlBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$5.03 mln
 
Q1 Net Income
 
$1.20 mln
 
Q1 Adjusted EBITDA
 
$1.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for FatPipe Inc is $8.00, about 56.3% above its July 29 closing price of $5.12
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
July 29 - Fortinet Q2 revenue rises 26% on firewall and SASE demand; lifts 2026 outlook
July 27 - F5 raises annual revenue growth forecast again on strong cybersecurity demand
July 28 - Varonis Q2 revenue beats analyst estimates as cloud platform adoption increased

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)