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| Date | Value |
|---|---|
| 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 |