20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Patria Investments Ltd (PAX) operates in the ASSET MANAGEMENT industry and is headquartered in Sausalito, United States with about 548 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, PAX reported $384M in revenue and $86M in net income.
Patria Investments Limited operates as a private market investment firm. It specializes in investments in private equity, secondary direct and indirect and venture capital with focus in middle market, buyout and growth capital investments.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $435M | $384M | $374M | $328M | $259M | $236M | $115M | $123M | $106M |
| Gross Profit | $387M | $369M | $324M | $289M | $224M | $221M | $104M | $80M | $64M |
| Gross Margin % | 88.9% | 96.2% | 86.5% | 88.2% | 86.6% | 93.8% | 90.8% | 65.0% | 60.8% |
| Operating Income (EBIT) | $135M | $131M | $166M | $164M | $130M | $137M | $67M | $65M | $47M |
| Operating Margin % | 31.1% | 34.2% | 44.3% | 50.0% | 50.4% | 58.3% | 58.4% | 52.5% | 44.0% |
| Net Income | $70M | $86M | $72M | $118M | $93M | $122M | $62M | $59M | $44M |
| Net Margin % | 16.1% | 22.3% | 19.2% | 36.1% | 35.9% | 52.0% | 54.1% | 47.4% | 41.3% |
| EBITDA | $156M | $131M | $133M | $146M | $125M | $131M | $74M | $74M | $54M |
| Earnings Per Share (EPS) | $0.45 | $0.54 | $0.47 | $0.80 | $0.63 | $0.90 | $0.47 | $0.44 | $0.37 |
| Shares Outstanding (M) | 160M | 158M | 154M | 149M | 147M | 136M | 134M | 134M | 117M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $116M | $98M | $134M | $86M | $83M | $80M | $157M | $78M |
| Gross Profit | $114M | $78M | $122M | $72M | $68M | $65M | $100M | $64M |
| Gross Margin % | 98.8% | 79.6% | 91.0% | 82.8% | 82.3% | 82.2% | 63.8% | 81.9% |
| Operating Income (EBIT) | $30M | $26M | $49M | $30M | $30M | $29M | $86M | $28M |
| Operating Margin % | 25.6% | 26.1% | 36.7% | 35.2% | 36.5% | 37.0% | 54.9% | 35.7% |
| Net Income | $10M | $2M | $34M | $22M | $13M | $16M | $57M | $0M |
| Net Margin % | 9.1% | 2.3% | 25.7% | 26.0% | 15.6% | 19.7% | 36.1% | 0.6% |
| EBITDA | $30M | $35M | $49M | $42M | $30M | $33M | $83M | $23M |
| Earnings Per Share (EPS) | $0.07 | $0.01 | $0.22 | $0.15 | $0.08 | $0.10 | $0.37 | $0.00 |
| Shares Outstanding (M) | 160M | 159M | 158M | 153M | 158M | 158M | 154M | 153M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $168M | $269M | $146M | $157M | $81M | $108M | $53M | $44M | $40M |
| Capital Expenditures (CapEx) | $29M | $11M | $8M | $15M | $7M | $2M | $1M | $0M | $1M |
| Free Cash Flow (FCF) | $139M | $258M | $138M | $142M | $74M | $106M | $52M | $44M | $38M |
| FCF Margin % | 32.0% | 67.3% | 36.8% | 43.2% | 28.7% | 44.9% | 45.2% | 35.8% | 36.0% |
| Dividends Paid | $96M | $95M | $132M | $145M | $103M | $120M | $64M | $47M | $38M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $31M | $31M | $40M | $66M | $77M | $100M | $26M | $68M |
| Capital Expenditures (CapEx) | $3M | $3M | $9M | $14M | $4M | $2M | $3M | $1M |
| Free Cash Flow (FCF) | $28M | $28M | $31M | $52M | $73M | $98M | $23M | $67M |
| FCF Margin % | 24.4% | 29.0% | 22.7% | 60.2% | 88.3% | 122.9% | 14.7% | 85.8% |
| Dividends Paid | $24M | $24M | $24M | $24M | $24M | $24M | $23M | $23M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B | $1.5B | $1.2B | $1.0B | $976M | $761M | $107M | $115M | $123M |
| Cash & Cash Equivalents | $59M | $54M | $33M | $16M | $27M | $15M | $14M | $4M | $2M |
| Total Liabilities | $1.2B | $862M | $715M | $490M | $463M | $197M | $48M | $26M | $45M |
| Total Debt (Short + Long-Term) | $250M | $179M | $232M | $3M | $2M | $1M | $1M | $1M | ($1M) |
| Total Shareholders' Equity | $563M | $612M | $481M | $542M | $553M | $564M | $57M | $81M | $72M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive PAX viewer.
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