FatPipe Inc. $(FATN)$ reported its third quarter (Q3) fiscal year 2026 results for the period ended December 31, 2025. Total revenue for the quarter was USD 4.10 million, representing a 30% increase year-on-year. Monthly recurring billings grew 48% compared to the same period in the previous fiscal year, while total quarterly billings increased 27%. Adjusted EBITDA for Q3 was USD 0.59 million, with an EBITDA margin of approximately 14%. Cash and cash equivalents as of December 31, 2025, totaled USD 6.20 million. During the quarter, FatPipe closed multiple large multi-site SD-WAN deployments across education, financial services, and enterprise verticals. Management highlighted continued momentum in the business and strong demand for FatPipe’s secure, high-performance SD-WAN and single-stack cybersecurity solutions. The company also expanded its sales organization and channel partner network to support a growing pipeline. FatPipe noted that increased recurring billings, customer renewals, and new customer wins contributed to revenue growth.

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