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Patria Investments Ltd

PAX

NASDAQFinancial ServicesAsset Management

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Previous close

$11.46

+$0.15 · +1.33%

Aug 21, 4:00 PM ET

PAX company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

71

Undervalued

Momentum

30

Weakening

Sentiment

65

Bullish

Risk resilience

60

Moderate Risk

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Company profile

Company website

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. It seeks to be sector agnostic with focus on agribusiness, power & energy, healthcare, logistics & transportations, food & beverage, agricultural products, packaged foods and meats, education services, outsourced business services, and digital & tech services. It prefers to invest globally with focus on Latin America, Europe, United States, North America and Brazil. It seeks to invest between $38.48 million and $72.14 million per transaction. The firm seeks a majority or minority stake in its portfolio companies. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds. The firm seeks to co-invest with other investors. Patria Investments Limited was founded in 1994 and is headquartered in Grand Cayman, Cayman Islands with additional offices across South America, North America, Europe and Asia. Patria Investments Limited operates as a subsidiary of Patria Holdings Limited.

Industry
Asset Management
Sector
Financial Services
Headquarters
KY
CEO
Alexandre Saigh
Listed since
Jan 22, 2021
Employees
548

Market position

Day range

Current $11.46

52-week range

Current $11.46

Open
$11.37
Previous close
$11.31
Volume
872.2K
0.89× average
Average volume
978.36K
Average daily volume
Market cap
1.85B USD
Beta
0.75
Market reference 1
50-day average
$11.162
+2.67% above average
200-day average
$13.105
-12.55% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.66B USD
P/E (TTM)
25.45×
P/B (TTM)
3.25×
P/S (TTM)
4.25×
EV / EBITDA
20.22×
Earnings yield
3.41%
Free cash flow yield
10.29%
Dividend yield
5.45%

Profitability & efficiency

Gross margin
88.89%
Operating margin
31.05%
Net margin
16.05%
Return on equity
13.99%
Return on assets
5.73%
Return on invested capital
11.88%

Financial health

Debt / equity
1.06×
Current ratio
0.98×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends104%73%42%12%Gross margin, FY2021: 93.79%Gross margin, FY2022: 86.55%Gross margin, FY2023: 88.18%Gross margin, FY2024: 86.51%Gross margin, FY2025: 96.20%Operating margin, FY2021: 58.27%Operating margin, FY2022: 50.38%Operating margin, FY2023: 50.01%Operating margin, FY2024: 44.33%Operating margin, FY2025: 34.21%Net margin, FY2021: 52.00%Net margin, FY2022: 35.91%Net margin, FY2023: 36.14%Net margin, FY2024: 19.21%Net margin, FY2025: 22.30%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 93.79%. Gross margin FY2022 86.55%. Gross margin FY2023 88.18%. Gross margin FY2024 86.51%. Gross margin FY2025 96.20%. Operating margin FY2021 58.27%. Operating margin FY2022 50.38%. Operating margin FY2023 50.01%. Operating margin FY2024 44.33%. Operating margin FY2025 34.21%. Net margin FY2021 52.00%. Net margin FY2022 35.91%. Net margin FY2023 36.14%. Net margin FY2024 19.21%. Net margin FY2025 22.30%.

Income trends

Revenue

383.8M USD+2.56%

Operating income

131.3M USD-20.86%

Net income

85.6M USD+19.10%
Income trends across reported periods414.99M USD290.22M USD165.45M USD40.68M USDRevenue, FY2021: 235.52M USDRevenue, FY2022: 258.88M USDRevenue, FY2023: 327.62M USDRevenue, FY2024: 374.2M USDRevenue, FY2025: 383.8M USDOperating income, FY2021: 137.22M USDOperating income, FY2022: 130.41M USDOperating income, FY2023: 163.86M USDOperating income, FY2024: 165.9M USDOperating income, FY2025: 131.3M USDNet income, FY2021: 122.48M USDNet income, FY2022: 92.96M USDNet income, FY2023: 118.4M USDNet income, FY2024: 71.88M USDNet income, FY2025: 85.6M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 235.52M USD. Revenue FY2022 258.88M USD. Revenue FY2023 327.62M USD. Revenue FY2024 374.2M USD. Revenue FY2025 383.8M USD. Operating income FY2021 137.22M USD. Operating income FY2022 130.41M USD. Operating income FY2023 163.86M USD. Operating income FY2024 165.9M USD. Operating income FY2025 131.3M USD. Net income FY2021 122.48M USD. Net income FY2022 92.96M USD. Net income FY2023 118.4M USD. Net income FY2024 71.88M USD. Net income FY2025 85.6M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue383.8M USD374.2M USD327.62M USD258.88M USD235.52M USD
Cost of goods sold14.6M USD50.49M USD38.73M USD34.82M USD14.64M USD
Gross profit369.2M USD323.72M USD288.88M USD224.05M USD220.88M USD
Selling, general, and administrative43.8M USD120.89M USD97.13M USD71.76M USD74.56M USD
Operating expenses237.9M USD157.82M USD125.03M USD93.64M USD83.66M USD
Interest income−39M USD————
Interest expense—11.4M USD1.24M USD1.81M USD1.02M USD
Depreciation and amortization—35.82M USD27.12M USD21.2M USD8.76M USD
Operating income131.3M USD165.9M USD163.86M USD130.41M USD137.22M USD
Net income85.6M USD71.88M USD118.4M USD92.96M USD122.48M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 5 misses, 1 met estimate
Average EPS surprise
+5.43%
11 comparable reports
Latest EPS result
0.32
Estimate 0.28 · Beat by 12.64%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.620.480.340.2Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 0.58, estimate 0.36, surprise +61.11%, Beat. Q2 2025, reported May 2, 2025: actual 0.23, estimate 0.25, surprise -8.00%, Miss. Q3 2025, reported Aug 1, 2025: actual 0.24, estimate 0.3, surprise -20.00%, Miss. Q4 2025, reported Nov 4, 2025: actual 0.3, estimate 0.26, surprise +15.38%, Beat. Q1 2026, reported Feb 3, 2026: actual 0.5, estimate 0.47, surprise +6.38%, Beat. Q2 2026, reported May 7, 2026: actual 0.27, estimate 0.28, surprise -3.57%, Miss. Q3 2026, reported Jul 31, 2026: actual 0.32, estimate 0.284, surprise +12.64%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.31, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates163.59M133.53M103.47M73.41MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 157.3M USD, estimate 92.31M USD, surprise +70.40%, Beat. Q2 2025, reported May 2, 2025: actual 79.7M USD, estimate 98.81M USD, surprise -19.34%, Miss. Q3 2025, reported Aug 1, 2025: actual 82.52M USD, estimate 84.06M USD, surprise -1.83%, Miss. Q4 2025, reported Nov 4, 2025: actual 86.5M USD, estimate 117.32M USD, surprise -26.27%, Miss. Q1 2026, reported Feb 3, 2026: actual 131.2M USD, estimate 117.09M USD, surprise +12.05%, Beat. Q2 2026, reported May 7, 2026: actual 97.1M USD, estimate 92.57M USD, surprise +4.89%, Beat. Q3 2026, reported Jul 31, 2026: actual 82.5M USD, estimate 98.12M USD, surprise -15.92%, Miss. Q4 2026, reported Nov 3, 2026: actual —, estimate 101.97M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

5 ratings
Strong buy00%
Buy360%
Hold240%
Sell00%
Strong sell00%

Recent analyst actions

2 institutions
JP MorganmaintainNeutral

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.60

2025 complete year-14.5% since 2022

2026 partial: $0.475

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 10, 2026

$0.1625

Quarterly

Record Aug 10, 2026 · Payment Sep 14, 2026

Dividend

Ex-dividend May 18, 2026

$0.1625

Quarterly

Record May 18, 2026 · Payment Jun 11, 2026

Dividend

Ex-dividend Feb 20, 2026

$0.15

Quarterly

Record Feb 20, 2026 · Payment Mar 12, 2026

Dividend

Ex-dividend Nov 14, 2025

$0.15

Quarterly

Record Nov 14, 2025 · Payment Dec 12, 2025

Dividend

Ex-dividend Aug 15, 2025

$0.15

Quarterly

Record Aug 15, 2025 · Payment Sep 15, 2025

Dividend

Ex-dividend May 14, 2025

$0.15

Quarterly

Record May 14, 2025 · Payment Jun 12, 2025

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ETFs holding PAX

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
19.14M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
9.84M
Weight
0.01%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
7.17M
Weight
0.05%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
3.97M
Weight
0.02%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
iShares MSCI Brazil Small-Cap ETF logoiShares MSCI Brazil Small-Cap ETFEWZS
Market value
2.77M
Weight
1.36%
AUM
211.17M USD
Expense ratio
0.59%
Price / 1D
$12.41+4.20%
Invesco Global Listed Private Equity ETF logoInvesco Global Listed Private Equity ETFPSP
Market value
1.7M
Weight
0.70%
AUM
248.12M USD
Expense ratio
1.80%
Price / 1D
$63.58+1.10%
Vanguard Russell 2000 Growth ETF logoVanguard Russell 2000 Growth ETFVTWG
Market value
759.87K
Weight
0.04%
AUM
1.7B USD
Expense ratio
0.06%
Price / 1D
$282.73+1.21%
Fidelity Enhanced Small Cap ETF logoFidelity Enhanced Small Cap ETFFESM
Market value
579.47K
Weight
0.01%
AUM
6.03B USD
Expense ratio
0.28%
Price / 1D
$47.94+0.80%

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