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Fatpipe Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fatpipe and similar public comparables like Maven Wireless, UTStarcom, PicoCELA, TCECUR Sweden and more.
Fatpipe Overview
About Fatpipe
Fatpipe Inc is a pioneer in enterprise-class, application-aware, secure SD-WAN solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and other middle-market companies. It is engaged in delivering principal enterprise-class networking software technology. The company is dedicated to continually improving the way organizations connect, ensuring their networks are secure, reliable, and supporting their continued success. Its commitment lies in empowering its customers with a seamless and dependable connectivity infrastructure that safeguards their critical data and fosters business continuity. Further, the company's goal is to ensure its customers have unparalleled insights into their network operations.
Founded
2010
HQ
Employees
154
Website
Sectors
Financials (LTM)
EV
$20M
Fatpipe Financials
Fatpipe reported last 12-month revenue of $16M.
In the same LTM period, Fatpipe generated $15M in gross profit and $2M in net income.
Fatpipe P&L
In the most recent fiscal year, Fatpipe reported revenue of $16M and EBITDA of $4M.
Fatpipe expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $16M | XXX | $16M | XXX | XXX | XXX |
| Gross Profit | $15M | XXX | $15M | XXX | XXX | XXX |
| Gross Margin | 90% | XXX | 93% | XXX | XXX | XXX |
| EBITDA | — | XXX | $4M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 26% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $2M | XXX | $2M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $2M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fatpipe Stock Performance
Fatpipe has current market cap of $20M, and enterprise value of $20M.
Market Cap Evolution
Fatpipe's stock price is $1.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20M | $20M | -40.9% | XXX | XXX | XXX | $0.14 |
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Start Free TrialFatpipe Valuation Multiples
Fatpipe trades at 1.2x EV/Revenue multiple, and 4.8x EV/EBITDA.
Fatpipe Financial Valuation Multiples
As of April 3, 2026, Fatpipe has market cap of $20M and EV of $20M.
Equity research analysts estimate Fatpipe's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fatpipe has a P/E ratio of 12.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $20M | XXX | $20M | XXX | XXX | XXX |
| EV (current) | $20M | XXX | $20M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBIT | 10.1x | XXX | 5.8x | XXX | XXX | XXX |
| EV/Gross Profit | 1.4x | XXX | 1.3x | XXX | XXX | XXX |
| P/E | 12.9x | XXX | 10.4x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (38.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fatpipe Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Fatpipe Margins & Growth Rates
Fatpipe's revenue in the last 12 month grew by 54%.
Fatpipe's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Fatpipe Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 54% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 26% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (13%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 30% | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 22% | XXX | 38% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 26% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 72% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fatpipe Public Comps
See public comps and valuation multiples for other Networking Hardware comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Maven Wireless | XXX | XXX | XXX | XXX | XXX | XXX |
| UTStarcom | XXX | XXX | XXX | XXX | XXX | XXX |
| PicoCELA | XXX | XXX | XXX | XXX | XXX | XXX |
| TCECUR Sweden | XXX | XXX | XXX | XXX | XXX | XXX |
| Padtec | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Fatpipe M&A Activity
Fatpipe acquired XXX companies to date.
Last acquisition by Fatpipe was on XXXXXXXX, XXXXX. Fatpipe acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Fatpipe
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFatpipe Investment Activity
Fatpipe invested in XXX companies to date.
Fatpipe made its latest investment on XXXXXXXX, XXXXX. Fatpipe invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Fatpipe
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Fatpipe
| When was Fatpipe founded? | Fatpipe was founded in 2010. |
| Where is Fatpipe headquartered? | Fatpipe is headquartered in United States. |
| How many employees does Fatpipe have? | As of today, Fatpipe has over 154 employees. |
| Who is the CEO of Fatpipe? | Fatpipe's CEO is Ragula Bhaskar. |
| Is Fatpipe publicly listed? | Yes, Fatpipe is a public company listed on Nasdaq. |
| What is the stock symbol of Fatpipe? | Fatpipe trades under FATN ticker. |
| When did Fatpipe go public? | Fatpipe went public in 2025. |
| Who are competitors of Fatpipe? | Fatpipe main competitors are Maven Wireless, UTStarcom, PicoCELA, TCECUR Sweden. |
| What is the current market cap of Fatpipe? | Fatpipe's current market cap is $20M. |
| What is the current revenue of Fatpipe? | Fatpipe's last 12 months revenue is $16M. |
| What is the current revenue growth of Fatpipe? | Fatpipe revenue growth (NTM/LTM) is 54%. |
| What is the current EV/Revenue multiple of Fatpipe? | Current revenue multiple of Fatpipe is 1.2x. |
| Is Fatpipe profitable? | Yes, Fatpipe is net-income-positive (as of the last 12 months). |
| What is the current net income of Fatpipe? | Fatpipe's last 12 months net income is $2M. |
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