vs

Side-by-side financial comparison of Fatpipe Inc (FATN) and Lakeside Holding Ltd (LSH). Click either name above to swap in a different company.

Lakeside Holding Ltd is the larger business by last-quarter revenue ($7.0M vs $4.1M, roughly 1.7× Fatpipe Inc). Fatpipe Inc runs the higher net margin — 7.6% vs -22.6%, a 30.2% gap on every dollar of revenue. On growth, Lakeside Holding Ltd posted the faster year-over-year revenue change (95.0% vs 3.2%).

Lakeside Press was a Chicago publishing imprint under which the RR Donnelley Company produced fine books as well as mail order catalogs, telephone directories, encyclopedias, and advertising. The Press was best known for its high quality editions for the Chicago Caxton Club as well as the Lakeside Classics, a series of fine reprints.

FATN vs LSH — Head-to-Head

Bigger by revenue
LSH
LSH
1.7× larger
LSH
$7.0M
$4.1M
FATN
Growing faster (revenue YoY)
LSH
LSH
+91.8% gap
LSH
95.0%
3.2%
FATN
Higher net margin
FATN
FATN
30.2% more per $
FATN
7.6%
-22.6%
LSH

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
FATN
FATN
LSH
LSH
Revenue
$4.1M
$7.0M
Net Profit
$310.7K
$-1.6M
Gross Margin
87.7%
27.2%
Operating Margin
9.8%
-21.3%
Net Margin
7.6%
-22.6%
Revenue YoY
3.2%
95.0%
Net Profit YoY
816.0%
18.7%
EPS (diluted)
$0.02
$-0.08

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
LSH
LSH
Q4 25
$4.1M
$7.0M
Q3 25
$4.0M
$6.1M
Q2 25
$3.9M
$6.3M
Q1 25
$3.8M
Q4 24
$3.6M
Q3 24
$4.1M
Net Profit
FATN
FATN
LSH
LSH
Q4 25
$310.7K
$-1.6M
Q3 25
$-43.4K
$-1.4M
Q2 25
$741.2K
$-893.1K
Q1 25
$-1.1M
Q4 24
$-1.9M
Q3 24
$-1.3M
Gross Margin
FATN
FATN
LSH
LSH
Q4 25
87.7%
27.2%
Q3 25
92.1%
18.2%
Q2 25
94.2%
26.7%
Q1 25
18.8%
Q4 24
-1.2%
Q3 24
12.8%
Operating Margin
FATN
FATN
LSH
LSH
Q4 25
9.8%
-21.3%
Q3 25
-0.0%
-20.8%
Q2 25
25.5%
-8.9%
Q1 25
-28.2%
Q4 24
-55.6%
Q3 24
-32.5%
Net Margin
FATN
FATN
LSH
LSH
Q4 25
7.6%
-22.6%
Q3 25
-1.1%
-22.2%
Q2 25
18.8%
-14.2%
Q1 25
-28.2%
Q4 24
-54.1%
Q3 24
-32.7%
EPS (diluted)
FATN
FATN
LSH
LSH
Q4 25
$0.02
$-0.08
Q3 25
$0.00
$-0.09
Q2 25
$0.05
$-0.11
Q1 25
$-0.14
Q4 24
$-0.26
Q3 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
FATN
FATN
LSH
LSH
Cash + ST InvestmentsLiquidity on hand
$1.6M
Total DebtLower is stronger
$4.6M
$2.4M
Stockholders' EquityBook value
$21.2M
$12.2M
Total Assets
$32.4M
$24.3M
Debt / EquityLower = less leverage
0.22×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FATN
FATN
LSH
LSH
Q4 25
$1.6M
Q3 25
$4.5M
Q2 25
$5.0M
Q1 25
$1.5M
Q4 24
$1.1M
Q3 24
$2.7M
Total Debt
FATN
FATN
LSH
LSH
Q4 25
$4.6M
$2.4M
Q3 25
$4.8M
$2.4M
Q2 25
$4.9M
$1.4M
Q1 25
$774.2K
Q4 24
$784.8K
Q3 24
$589.9K
Stockholders' Equity
FATN
FATN
LSH
LSH
Q4 25
$21.2M
$12.2M
Q3 25
$21.0M
$7.0M
Q2 25
$20.4M
$2.8M
Q1 25
$749.8K
Q4 24
$1.6M
Q3 24
$3.6M
Total Assets
FATN
FATN
LSH
LSH
Q4 25
$32.4M
$24.3M
Q3 25
$32.2M
$18.6M
Q2 25
$32.0M
$14.4M
Q1 25
$9.9M
Q4 24
$9.8M
Q3 24
$10.8M
Debt / Equity
FATN
FATN
LSH
LSH
Q4 25
0.22×
0.20×
Q3 25
0.23×
0.35×
Q2 25
0.24×
0.48×
Q1 25
1.03×
Q4 24
0.48×
Q3 24
0.16×

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
LSH
LSH
Operating Cash FlowLast quarter
$240.9K
$-453.5K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
LSH
LSH
Q4 25
$240.9K
$-453.5K
Q3 25
$399.8K
$-4.0M
Q2 25
$-508.6K
$-483.7K
Q1 25
$-238.3K
Q4 24
$-530.2K
Q3 24
$-1.4M
Free Cash Flow
FATN
FATN
LSH
LSH
Q4 25
Q3 25
Q2 25
$-551.1K
$-497.4K
Q1 25
Q4 24
$-560.5K
Q3 24
$-1.4M
FCF Margin
FATN
FATN
LSH
LSH
Q4 25
Q3 25
Q2 25
-14.0%
-7.9%
Q1 25
Q4 24
-15.6%
Q3 24
-34.5%
Capex Intensity
FATN
FATN
LSH
LSH
Q4 25
Q3 25
Q2 25
1.1%
0.2%
Q1 25
0.0%
Q4 24
0.8%
Q3 24
0.1%
Cash Conversion
FATN
FATN
LSH
LSH
Q4 25
0.78×
Q3 25
Q2 25
-0.69×
Q1 25
Q4 24
Q3 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%

LSH
LSH

Transferred Over Time$4.6M65%
Distribution Of Pharmaceutical Products$2.4M35%

Related Comparisons