Fatpipe Inc/UT
For the period ended Mar 31, 2025. Filed Jun 30, 2025.
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FY2025 · Filed Jun 30, 2025
FATN$4.54+2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss
Consolidated Statements of Operations and Comprehensive Income
| Year Ended | ||
|---|---|---|
| March 31, | ||
| 2025 | 2024 | |
| Revenues | $16,288,881 | $17,860,909 |
| Cost of revenues | 1,061,647 | 1,069,574 |
| Gross profit | 15,227,234 | 16,791,335 |
| Operating expenses: | ||
| Sales and marketing | 3,753,948 | 3,396,136 |
| General and administrative | 3,422,596 | 3,151,924 |
| Product development | 1,787,128 | 1,737,588 |
| Employee cost | 2,791,816 | 2,867,360 |
| Total operating expenses | 11,755,488 | 11,153,008 |
| Income from operations | 3,471,746 | 5,638,327 |
| Other income (expense), net: | ||
| Interest income | 42,688 | 27,261 |
| Other income | 1,831 | 207,661 |
| Foreign exchange gain/(loss) | 101,383 | 27,185 |
| Interest expense | (329,892) | (302,124) |
| Total other income (expense), net | (183,990) | (40,017) |
| Income before benefit/(provision) for taxes | 3,287,756 | 5,598,310 |
| Income tax benefit/(provision) | (1,294,312) | (1,436,085) |
| Deferred tax asset / (liability) | (40,550) | 117,455 |
| Net income | 1,952,894 | 4,279,680 |
| Less: Net income attributable to non-controlling interests | (13,514) | (87,025) |
| Net income attributable to stockholders | $1,966,408 | $4,366,705 |
| Net income per common share - basic and diluted | $0.15 | $0.35 |
| Weighted average common shares outstanding - basic and diluted | 12,858,852 | 12,449,308 |
| Net income | $1,952,894 | $4,279,680 |
| Other comprehensive income | ||
| Foreign currency translation adjustment | (153,822) | 211,952 |
| Total other comprehensive income, net of tax | (153,822) | 211,952 |
| Comprehensive income | 1,799,072 | 4,491,632 |
| Comprehensive income (loss) attributable to non-controlling interests | (13,139) | (77,636) |
| Comprehensive income attributable to stockholders | $1,812,211 | $4,569,268 |
FatPipe Inc and its Subsidiaries
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