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Side-by-side financial comparison of Fatpipe Inc (FATN) and Moolec Science SA (MLEC). Click either name above to swap in a different company.

Fatpipe Inc is the larger business by last-quarter revenue ($4.1M vs $2.6M, roughly 1.5× Moolec Science SA). Fatpipe Inc runs the higher net margin — 7.6% vs -91.8%, a 99.4% gap on every dollar of revenue.

Moolec Science SA is a global agricultural biotechnology and food technology company specializing in molecular farming. It uses engineered crop platforms to produce sustainable, cost-competitive animal-derived proteins for use in alternative meat, dairy products and food ingredients, serving food manufacturers, agribusinesses and consumer goods brands across North America, Europe and Latin America.

FATN vs MLEC — Head-to-Head

Bigger by revenue
FATN
FATN
1.5× larger
FATN
$4.1M
$2.6M
MLEC
Higher net margin
FATN
FATN
99.4% more per $
FATN
7.6%
-91.8%
MLEC

Income Statement — Q3 FY2026 vs Q2 FY2025

Metric
FATN
FATN
MLEC
MLEC
Revenue
$4.1M
$2.6M
Net Profit
$310.7K
$-2.4M
Gross Margin
87.7%
-25.5%
Operating Margin
9.8%
-77.9%
Net Margin
7.6%
-91.8%
Revenue YoY
3.2%
Net Profit YoY
816.0%
EPS (diluted)
$0.02
$-0.06

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
MLEC
MLEC
Q4 25
$4.1M
Q3 25
$4.0M
Q2 25
$3.9M
Q4 24
$2.6M
Q3 23
$1.7M
Net Profit
FATN
FATN
MLEC
MLEC
Q4 25
$310.7K
Q3 25
$-43.4K
Q2 25
$741.2K
Q4 24
$-2.4M
Q3 23
$-1.6M
Gross Margin
FATN
FATN
MLEC
MLEC
Q4 25
87.7%
Q3 25
92.1%
Q2 25
94.2%
Q4 24
-25.5%
Q3 23
12.7%
Operating Margin
FATN
FATN
MLEC
MLEC
Q4 25
9.8%
Q3 25
-0.0%
Q2 25
25.5%
Q4 24
-77.9%
Q3 23
-130.3%
Net Margin
FATN
FATN
MLEC
MLEC
Q4 25
7.6%
Q3 25
-1.1%
Q2 25
18.8%
Q4 24
-91.8%
Q3 23
-91.4%
EPS (diluted)
FATN
FATN
MLEC
MLEC
Q4 25
$0.02
Q3 25
$0.00
Q2 25
$0.05
Q4 24
$-0.06
Q3 23
$-0.04

Balance Sheet & Financial Strength

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

Metric
FATN
FATN
MLEC
MLEC
Cash + ST InvestmentsLiquidity on hand
$1.9M
Total DebtLower is stronger
$4.6M
Stockholders' EquityBook value
$21.2M
$2.8M
Total Assets
$32.4M
$31.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FATN
FATN
MLEC
MLEC
Q4 25
Q3 25
Q2 25
Q4 24
$1.9M
Q3 23
$853.6K
Total Debt
FATN
FATN
MLEC
MLEC
Q4 25
$4.6M
Q3 25
$4.8M
Q2 25
$4.9M
Q4 24
Q3 23
Stockholders' Equity
FATN
FATN
MLEC
MLEC
Q4 25
$21.2M
Q3 25
$21.0M
Q2 25
$20.4M
Q4 24
$2.8M
Q3 23
$8.9M
Total Assets
FATN
FATN
MLEC
MLEC
Q4 25
$32.4M
Q3 25
$32.2M
Q2 25
$32.0M
Q4 24
$31.4M
Q3 23
$22.5M
Debt / Equity
FATN
FATN
MLEC
MLEC
Q4 25
0.22×
Q3 25
0.23×
Q2 25
0.24×
Q4 24
Q3 23

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
MLEC
MLEC
Operating Cash FlowLast quarter
$240.9K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.4%
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
MLEC
MLEC
Q4 25
$240.9K
Q3 25
$399.8K
Q2 25
$-508.6K
Q4 24
Q3 23
$-1.7M
Free Cash Flow
FATN
FATN
MLEC
MLEC
Q4 25
Q3 25
Q2 25
$-551.1K
Q4 24
Q3 23
$-1.8M
FCF Margin
FATN
FATN
MLEC
MLEC
Q4 25
Q3 25
Q2 25
-14.0%
Q4 24
Q3 23
-106.2%
Capex Intensity
FATN
FATN
MLEC
MLEC
Q4 25
Q3 25
Q2 25
1.1%
Q4 24
4.4%
Q3 23
6.0%
Cash Conversion
FATN
FATN
MLEC
MLEC
Q4 25
0.78×
Q3 25
Q2 25
-0.69×
Q4 24
Q3 23

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%

MLEC
MLEC

Segment breakdown not available.

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