FatPipe Inc. $(FATN)$ has announced its first-quarter fiscal year 2026 results, highlighting a successful initial public offering on the Nasdaq Capital Market. The company reported a total product revenue growth of 16.2% compared to the first quarter of fiscal 2025. Overall revenue, which includes professional services, reached $3.9 million, marking a 5% increase from $3.8 million in the same period the previous year. FatPipe's gross margin expanded to 94%, up from 92% in Q1 FY25, attributed to customer contract extensions. Net income rose to $0.7 million, a 22% increase from $0.6 million in Q1 FY25, driven by robust topline growth. The company's adjusted EBITDA totaled $1.1 million, reflecting a 10% increase from $1.0 million in Q1 FY25. As of June 30, 2025, FatPipe's cash and cash equivalents stood at $5.9 million, up significantly from $2.9 million on March 31, 2025, due to proceeds from the IPO. The company was also added to the Russell 3000E and Russell Microcap Indexes and received the 2025 MSP Today Product of the Year Award for its Total Security 360 cybersecurity product. FatPipe completed a 252-site deployment for a large customer, reinforcing its commitment to critical infrastructure sectors and expanding its footprint in high-growth verticals. The company is focused on scaling its sales organization and capitalizing on renewed interest from enterprises seeking secure, high-performance SD-WAN solutions.