Fatpipe (FATN) Gross Margin (2024 - 2026)
Fatpipe (FATN) posted Gross Margin of 90.52% for Q1 2026, up 3.25% on a QoQ basis from 87.68% in Q4 2025, and down 503.0% year-over-year from 22.46% in Q1 2025.
Fatpipe (FATN) Gross Margin (2024 - 2026) Analysis & Trends
Fatpipe's Gross Margin history runs 3 years deep, the most recent figure standing at 90.52% for Q1 2026.
- Quarterly Gross Margin fell 503.0% year-over-year to 90.52% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 91.0% (down 248.0% YoY) and the FY2026 annual result came in at 91.0%, down 248.0% from the prior year.
- Gross Margin was 90.52% for Q1 2026 at Fatpipe, up from 87.68% in the prior quarter.
- Across five years, Gross Margin topped out at 95.9% in Q3 2024 and bottomed at 87.68% in Q4 2025.
- A 3-year average of 92.04% and a median of 92.27% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2025 — Gross Margin jumped 180 bps — and 2026, when it plunged 503 bps.
- Fatpipe's Gross Margin stood at 87.94% in 2024, then slipped by 0 bps to 87.68% in 2025, then advanced by 3 bps to 90.52% in 2026.
- Business Quant data shows FATN's Gross Margin at 90.52% in Q1 2026, 87.68% in Q4 2025, and 92.1% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 37.74% |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 86.78% |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 73.59% |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 76.12% |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 80.29% |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 71.21% |
| 10 | Fatpipe | 71.77 Mn | 66.56 Mn | 6.54 Mn | 90.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 90.52% |
| Dec 31, 2025 | 87.68% |
| Sep 30, 2025 | 92.10% |
| Jun 30, 2025 | 94.23% |
| Mar 31, 2025 | 95.55% |
| Dec 31, 2024 | 87.94% |
| Sep 30, 2024 | 95.90% |
| Jun 30, 2024 | 92.44% |