Fatpipe (FATN) Operating Expenses (2024 - 2026)
Fatpipe (FATN) posted Operating Expenses of $4.4 million for Q1 2026, up 36.9% quarter-over-quarter from $3.2 million in Q4 2025, and up 25.82% year-on-year from $3.5 million in Q1 2025.
Fatpipe (FATN) Operating Expenses (2024 - 2026) Analysis & Trends
Fatpipe (FATN) has reported Operating Expenses for 3 consecutive years, with $4.4 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $4.4 million, up 25.82% year-over-year; the trailing twelve-month figure through Mar 2026 was $13.9 million (up 18.16% YoY), and the FY2026 annual result was $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.
- Over five years, Operating Expenses peaked at $4.4 million in Q1 2026 and troughed at $2.6 million in Q4 2024.
- Average Operating Expenses over 3 years is $3.2 million, with a median of $3.1 million recorded in 2024.
- Year-over-year, Operating Expenses rose 3.82% in 2025 and climbed 25.82% in 2026.
- Over 3 years, Operating Expenses stood at $2.6 million in 2024, then gained by 23.13% to $3.2 million in 2025, then soared by 36.9% to $4.4 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $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 | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | Fatpipe | 85.24 Mn | 80.03 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 |