Fatpipe (FATN) Operating Expenses (2024 - 2026)

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

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

Fatpipe has reported Operating Expenses for 3 years, with the latest figure at $4.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 25.82% year-over-year to $4.4 million; the trailing twelve-month figure through Mar 2026 stood at $13.9 million (up 18.16% YoY), and the FY2026 full-year result was $13.9 million, up 18.16% from the prior year.
  • Operating Expenses for Q1 2026 stood at $4.4 million, up from $3.2 million in the prior quarter.
  • The five-year high for Operating Expenses was $4.4 million in Q1 2026, with the low at $2.6 million in Q4 2024.
  • Historically, Operating Expenses has averaged $3.2 million across 3 years, with a median of $3.1 million in 2024.
  • Annual changes were most pronounced in 2025 — Operating Expenses grew 3.82% — and 2026, when it gained 25.82%.
  • Fatpipe's Operating Expenses stood at $2.6 million in 2024, then grew by 23.13% to $3.2 million in 2025, then soared by 36.9% to $4.4 million in 2026.
  • The last three Operating Expenses figures came in at $4.4 million (Q1 2026), $3.2 million (Q4 2025), and $3.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 10.85 Bn
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn 6.42 Mn
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 11.73 Bn
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn 662.79 Mn
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn 1.51 Bn
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 979.89 Mn
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 905.10 Mn
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 1.57 Bn
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn 517.59 Mn
10 Fatpipe 85.45 Mn 80.23 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