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
DateValue
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%