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Side-by-side financial comparison of Fatpipe Inc (FATN) and Prelude Therapeutics Inc (PRLD). Click either name above to swap in a different company.

Prelude Therapeutics Inc is the larger business by last-quarter revenue ($6.5M vs $4.1M, roughly 1.6× Fatpipe Inc). Fatpipe Inc runs the higher net margin — 7.6% vs -303.5%, a 311.1% gap on every dollar of revenue. On growth, Prelude Therapeutics Inc posted the faster year-over-year revenue change (116.7% vs 3.2%).

FATN vs PRLD — Head-to-Head

Bigger by revenue
PRLD
PRLD
1.6× larger
PRLD
$6.5M
$4.1M
FATN
Growing faster (revenue YoY)
PRLD
PRLD
+113.4% gap
PRLD
116.7%
3.2%
FATN
Higher net margin
FATN
FATN
311.1% more per $
FATN
7.6%
-303.5%
PRLD

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
FATN
FATN
PRLD
PRLD
Revenue
$4.1M
$6.5M
Net Profit
$310.7K
$-19.7M
Gross Margin
87.7%
Operating Margin
9.8%
-314.1%
Net Margin
7.6%
-303.5%
Revenue YoY
3.2%
116.7%
Net Profit YoY
816.0%
38.9%
EPS (diluted)
$0.02
$-0.26

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
PRLD
PRLD
Q4 25
$4.1M
Q3 25
$4.0M
$6.5M
Q2 25
$3.9M
Q3 24
$3.0M
Net Profit
FATN
FATN
PRLD
PRLD
Q4 25
$310.7K
Q3 25
$-43.4K
$-19.7M
Q2 25
$741.2K
Q3 24
$-32.3M
Gross Margin
FATN
FATN
PRLD
PRLD
Q4 25
87.7%
Q3 25
92.1%
Q2 25
94.2%
Q3 24
Operating Margin
FATN
FATN
PRLD
PRLD
Q4 25
9.8%
Q3 25
-0.0%
-314.1%
Q2 25
25.5%
Q3 24
-1145.9%
Net Margin
FATN
FATN
PRLD
PRLD
Q4 25
7.6%
Q3 25
-1.1%
-303.5%
Q2 25
18.8%
Q3 24
-1075.7%
EPS (diluted)
FATN
FATN
PRLD
PRLD
Q4 25
$0.02
Q3 25
$0.00
$-0.26
Q2 25
$0.05
Q3 24
$-0.43

Balance Sheet & Financial Strength

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

Metric
FATN
FATN
PRLD
PRLD
Cash + ST InvestmentsLiquidity on hand
$55.0M
Total DebtLower is stronger
$4.6M
Stockholders' EquityBook value
$21.2M
$58.5M
Total Assets
$32.4M
$94.8M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FATN
FATN
PRLD
PRLD
Q4 25
Q3 25
$55.0M
Q2 25
Q3 24
$153.6M
Total Debt
FATN
FATN
PRLD
PRLD
Q4 25
$4.6M
Q3 25
$4.8M
Q2 25
$4.9M
Q3 24
Stockholders' Equity
FATN
FATN
PRLD
PRLD
Q4 25
$21.2M
Q3 25
$21.0M
$58.5M
Q2 25
$20.4M
Q3 24
$156.4M
Total Assets
FATN
FATN
PRLD
PRLD
Q4 25
$32.4M
Q3 25
$32.2M
$94.8M
Q2 25
$32.0M
Q3 24
$197.2M
Debt / Equity
FATN
FATN
PRLD
PRLD
Q4 25
0.22×
Q3 25
0.23×
Q2 25
0.24×
Q3 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
PRLD
PRLD
Operating Cash FlowLast quarter
$240.9K
$-19.1M
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
PRLD
PRLD
Q4 25
$240.9K
Q3 25
$399.8K
$-19.1M
Q2 25
$-508.6K
Q3 24
$-27.3M
Free Cash Flow
FATN
FATN
PRLD
PRLD
Q4 25
Q3 25
Q2 25
$-551.1K
Q3 24
$-27.4M
FCF Margin
FATN
FATN
PRLD
PRLD
Q4 25
Q3 25
Q2 25
-14.0%
Q3 24
-912.0%
Capex Intensity
FATN
FATN
PRLD
PRLD
Q4 25
Q3 25
0.0%
Q2 25
1.1%
Q3 24
2.1%
Cash Conversion
FATN
FATN
PRLD
PRLD
Q4 25
0.78×
Q3 25
Q2 25
-0.69×
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%

PRLD
PRLD

Segment breakdown not available.

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