For Immediate Release

FatPipe Reports Second Quarter Fiscal Year 2026 Results

SALT LAKE CITY, UT / ACCESS Newswire / November 04, 2025

• Monthly Recurring Billings Grew 49%
• Sales Headcount Nearly Tripled From the Second Quarter of Fiscal 2025 to Second Quarter of Fiscal 2026

FatPipe, Inc. (NASDAQ:FATN) ("FatPipe" or the "Company"), a pioneer in enterprise-class, application-aware, secure software-defined wide area network ("SD-WAN") solutions that provide high levels of reliability, security, and optimization for Wide Area Networks (WANs) and single-stack cybersecurity solutions, today announced its second quarter fiscal year 2026 results for the period ended September 30, 2025.

Q2 Highlights

• Total revenue, including professional services, was $4.0 million, compared to $3.9 million in the first quarter of fiscal 2026.
• Monthly Recurring Billings for 2nd quarter fiscal 2026 grew 49%, compared to 2nd quarter fiscal 2025.
• Total Quarterly Billings for 2nd quarter fiscal 2026 grew 10%, compared to 2nd quarter fiscal 2025.
• Gross margin remained strong at 92% for the quarter.
• FatPipe nearly tripled sales headcount from the second quarter of fiscal 2025 to the second quarter of fiscal 2026. The new resources are expected to help increase sales in the coming quarters.
• Due to two large deals in the 2nd quarter fiscal 2025, YoY revenue decreased by 29% for 2nd quarter fiscal 2026 compared to 2nd quarter fiscal 2025.
• EBITDA margin for the 6 months ended September 30, 2025, was 26% compared to 24% for the 6 months ended September 30, 2024.
• Completed a 210+ site SD-WAN deployment under a $1.4 million contract for a large U.S. school district and continued to expand in the education vertical.
• Completed a 108-site deployment for a large regional bank.

"This was a solid quarter for FatPipe as we continued to execute our growth strategy while scaling as a new public company," said Dr. Ragula Bhaskar, CEO of FatPipe. "We saw healthy billings growth, increased contribution from recurring revenue, and strong interest from enterprises and public sector customers that are looking for secure, high-performance SD-WAN and cybersecurity alternatives to legacy vendors. With our focus on disciplined execution, expanding sales coverage, and leveraging our single-stack networking and cybersecurity portfolio, we believe we are well-positioned to drive long-term value for our shareholders."

About FatPipe, Inc.

FatPipe pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for hardware and software or cooperation from ISPs and allows companies and service providers to control multi-link network traffic. Fatpipe introduced a full single stack cybersecurity solution designed to be sold to the same customer profile, and Buyer as FatPipe. Fatpipe currently has 12 U.S. patents related to multipath, software-defined networking. FatPipe products are sold by 200+ resellers worldwide.

For more information, please visit www.fatpipeinc.com.

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Company Contact Info
Vikrant Ragula
Director of Investor Relations
+1 801.683-5656 x 1140
Investor.ir@fatpipeinc.com