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Side-by-side financial comparison of Fatpipe Inc (FATN) and GENERATION INCOME PROPERTIES, INC. (GIPR). Click either name above to swap in a different company.

Fatpipe Inc is the larger business by last-quarter revenue ($4.1M vs $2.5M, roughly 1.7× GENERATION INCOME PROPERTIES, INC.). Fatpipe Inc runs the higher net margin — 7.6% vs -14.6%, a 22.2% gap on every dollar of revenue. On growth, Fatpipe Inc posted the faster year-over-year revenue change (3.2% vs -8.0%).

Emaar Properties is an Emirati real estate development company located in the United Arab Emirates. The two largest shareholders are Dubai ruler Mohammed bin Rashid Al Maktoum and the UAE's sovereign wealth fund Investment Corporation of Dubai.

FATN vs GIPR — Head-to-Head

Bigger by revenue
FATN
FATN
1.7× larger
FATN
$4.1M
$2.5M
GIPR
Growing faster (revenue YoY)
FATN
FATN
+11.3% gap
FATN
3.2%
-8.0%
GIPR
Higher net margin
FATN
FATN
22.2% more per $
FATN
7.6%
-14.6%
GIPR

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
FATN
FATN
GIPR
GIPR
Revenue
$4.1M
$2.5M
Net Profit
$310.7K
$-359.5K
Gross Margin
87.7%
Operating Margin
9.8%
-58.6%
Net Margin
7.6%
-14.6%
Revenue YoY
3.2%
-8.0%
Net Profit YoY
816.0%
-22.7%
EPS (diluted)
$0.02
$-0.17

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FATN
FATN
GIPR
GIPR
Q4 25
$4.1M
$2.5M
Q3 25
$4.0M
$2.5M
Q2 25
$3.9M
$2.4M
Q1 25
$2.4M
Q4 24
$2.7M
Q3 24
$2.4M
Q2 24
$2.3M
Q1 24
$2.4M
Net Profit
FATN
FATN
GIPR
GIPR
Q4 25
$310.7K
$-359.5K
Q3 25
$-43.4K
$-2.8M
Q2 25
$741.2K
$-4.4M
Q1 25
$-2.7M
Q4 24
$-292.9K
Q3 24
$-3.0M
Q2 24
$-2.3M
Q1 24
$-2.8M
Gross Margin
FATN
FATN
GIPR
GIPR
Q4 25
87.7%
Q3 25
92.1%
Q2 25
94.2%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
FATN
FATN
GIPR
GIPR
Q4 25
9.8%
-58.6%
Q3 25
-0.0%
-68.8%
Q2 25
25.5%
-97.6%
Q1 25
-62.0%
Q4 24
-40.9%
Q3 24
-57.1%
Q2 24
-65.1%
Q1 24
-49.3%
Net Margin
FATN
FATN
GIPR
GIPR
Q4 25
7.6%
-14.6%
Q3 25
-1.1%
-114.4%
Q2 25
18.8%
-181.8%
Q1 25
-114.7%
Q4 24
-11.0%
Q3 24
-123.7%
Q2 24
-100.1%
Q1 24
-116.1%
EPS (diluted)
FATN
FATN
GIPR
GIPR
Q4 25
$0.02
$-0.17
Q3 25
$0.00
$-0.52
Q2 25
$0.05
$-0.81
Q1 25
$-0.50
Q4 24
$0.00
Q3 24
$-0.55
Q2 24
$-0.42
Q1 24
$-0.67

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FATN
FATN
GIPR
GIPR
Cash + ST InvestmentsLiquidity on hand
$6.2M
Total DebtLower is stronger
$4.6M
Stockholders' EquityBook value
$21.2M
$-4.2M
Total Assets
$32.4M
$97.3M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FATN
FATN
GIPR
GIPR
Q4 25
$6.2M
Q3 25
$247.3K
Q2 25
$356.1K
Q1 25
$630.6K
Q4 24
$612.9K
Q3 24
$1.5M
Q2 24
$2.6M
Q1 24
$1.7M
Total Debt
FATN
FATN
GIPR
GIPR
Q4 25
$4.6M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FATN
FATN
GIPR
GIPR
Q4 25
$21.2M
$-4.2M
Q3 25
$21.0M
$-3.9M
Q2 25
$20.4M
$-1.4M
Q1 25
$3.1M
Q4 24
$5.8M
Q3 24
$6.2M
Q2 24
$9.1M
Q1 24
$11.9M
Total Assets
FATN
FATN
GIPR
GIPR
Q4 25
$32.4M
$97.3M
Q3 25
$32.2M
$103.4M
Q2 25
$32.0M
$105.0M
Q1 25
$116.7M
Q4 24
$106.6M
Q3 24
$108.0M
Q2 24
$104.5M
Q1 24
$104.6M
Debt / Equity
FATN
FATN
GIPR
GIPR
Q4 25
0.22×
Q3 25
0.23×
Q2 25
0.24×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FATN
FATN
GIPR
GIPR
Operating Cash FlowLast quarter
$240.9K
$929.5K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FATN
FATN
GIPR
GIPR
Q4 25
$240.9K
$929.5K
Q3 25
$399.8K
$935.4K
Q2 25
$-508.6K
$-1.2M
Q1 25
$718.2K
Q4 24
$1.0M
Q3 24
$556.9K
Q2 24
$200.6K
Q1 24
$26.0K
Free Cash Flow
FATN
FATN
GIPR
GIPR
Q4 25
Q3 25
Q2 25
$-551.1K
Q1 25
Q4 24
$-4.8M
Q3 24
$-5.4M
Q2 24
Q1 24
FCF Margin
FATN
FATN
GIPR
GIPR
Q4 25
Q3 25
Q2 25
-14.0%
Q1 25
Q4 24
-177.9%
Q3 24
-225.1%
Q2 24
Q1 24
Capex Intensity
FATN
FATN
GIPR
GIPR
Q4 25
0.0%
Q3 25
Q2 25
1.1%
Q1 25
Q4 24
216.2%
Q3 24
248.3%
Q2 24
Q1 24
Cash Conversion
FATN
FATN
GIPR
GIPR
Q4 25
0.78×
Q3 25
Q2 25
-0.69×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FATN
FATN

Products$2.6M63%
Other$1.5M37%

GIPR
GIPR

Segment breakdown not available.

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