Fatpipe (FATN) Operating Expenses (2024 - 2026)

Fatpipe (FATN) posted Operating Expenses of $4.4 million for Q1 2026, up 36.9% on a QoQ basis from $3.2 million in Q4 2025, and up 25.82% year-over-year from $3.5 million in Q1 2025.

Fatpipe (FATN) Operating Expenses (2024 - 2026) Analysis & Trends

Fatpipe's Operating Expenses history runs 3 years deep, the most recent figure standing at $4.4 million for Q1 2026.

  • Quarterly Operating Expenses rose 25.82% year-over-year to $4.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $13.9 million (up 18.16% YoY) and the FY2026 annual result came in at $13.9 million, up 18.16% from the prior year.
  • Operating Expenses was $4.4 million for Q1 2026 at Fatpipe, up from $3.2 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $4.4 million in Q1 2026 and bottomed at $2.6 million in Q4 2024.
  • A 3-year average of $3.2 million and a median of $3.1 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2025 — Operating Expenses gained 3.82% — and 2026, when it grew 25.82%.
  • Fatpipe's Operating Expenses stood at $2.6 million in 2024, then rose by 23.13% to $3.2 million in 2025, then surged by 36.9% to $4.4 million in 2026.
  • Business Quant data shows FATN's Operating Expenses at $4.4 million in Q1 2026, $3.2 million in Q4 2025, and $3.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -363.49 Mn
3 Oracle 344.13 Bn 312.24 Bn - 13.05 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 979.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 517.59 Mn
10 Fatpipe 71.77 Mn 66.56 Mn 6.54 Mn 4.36 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.36 Mn
Dec 31, 2025 3.18 Mn
Sep 30, 2025 3.65 Mn
Jun 30, 2025 2.71 Mn
Mar 31, 2025 3.46 Mn
Dec 31, 2024 2.58 Mn
Sep 30, 2024 3.10 Mn
Jun 30, 2024 2.61 Mn