Patria Investments Ltd
PAX Nasdaq· Investment Advice
Last close · Oct 26, 2026
$9.77
KIRA · Stoqly’s AI analyst, in plain words
- Patria Investments Ltd had $382M of revenue in fiscal 2025, up 2.0% on the year before. Over five years, revenue changed +27.1% a year on average.
- Patria Investments Ltd made $85.7M of net profit in fiscal 2025. From fiscal 2018 to 2025, diluted EPS grew 179.3% a year.
- Free cash flow was $272M in fiscal 2025, 71.3% of revenue.
- Patria Investments Ltd returned $95.1M to shareholders in fiscal 2025, 35% of free cash flow. The diluted share count rose 4.4%.
- Patria Investments Ltd owes $121M more than it holds in cash.
Market cap
$1.6B
P/E
18.4x
Revenue
$382M
Net income
$85.7M
Free cash flow
$272M
Operating margin
—
Patria Investments Ltd in 30 seconds · fiscal 2025
Are sales growing?
+2.0%
Only a little. Sales grew 2.0% last year.
Does it make a profit?
22.4%
Yes. It keeps 22.4% of every sale as profit.
Does profit turn into cash?
71.3%
Yes. 71.3% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
18.4x
One share costs 18.4 times its yearly profit per share.
What Patria Investments Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 30, 2026
- Legal name
- Patria Investments Ltd
- CIK
- 0001825570
Patria Investments Ltd · PAX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $236M | $259M | $328M | $374M | $382M |
| Revenue growth | 104.8% | 9.9% | 26.6% | 14.2% | 2.0% |
| Gross margin | 63.2% | — | — | — | — |
| Operating margin | 51.7% | — | — | — | — |
| Net income | $122M | $93.0M | $118M | $71.9M | $85.7M |
| Net margin | 52.0% | 35.9% | 36.1% | 19.2% | 22.4% |
| Diluted EPS | $0.90 | $0.63 | $0.80 | $0.47 | $0.53 |
| Cash | |||||
| Cash from operations | $108M | $81.1M | $157M | $146M | $283M |
| Capital expenditure | $1.6M | $5.4M | $5.9M | $3.6M | $10.6M |
| Free cash flow | $106M | $75.6M | $151M | $142M | $272M |
| FCF margin | 45.0% | 29.2% | 46.0% | 38.0% | 71.3% |
| Dividends paid | $120M | $103M | $145M | $132M | $95.1M |
| Share count change | 16.2% | 8.3% | 1.0% | 3.5% | 4.4% |
| Debt and strength | |||||
| Cash and short-term investments | $15.3M | $26.5M | $16.1M | $33.4M | $53.6M |
| Debt incl. finance leases | — | — | $0.0M | $228M | $175M |
| Loans, net | $78.2M | $23.6M | $17.1M | $18.7M | $25.9M |
| Deposits | $67.7M | — | — | — | — |
| Shareholders' equity | $564M | $553M | $542M | $481M | $612M |
| Current ratio | 2.3x | 1.4x | 1.0x | 0.9x | 1.0x |
| Interest coverage | 82.6x | — | — | — | — |
| Returns and quality | |||||
| Return on equity | 39.4% | 16.6% | 21.6% | 14.0% | 15.7% |
| Return on tangible equity | 59.6% | 65.8% | 213.4% | — | — |
| Piotroski F-score | 3 | 2 | 5 | 3 | 5 |
| Altman Z'' | 6.1 | — | — | — | — |
Insiders bought, 12 months
$2.7M
1 insider
Insiders sold, 12 months
$0.2M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Patria Investments Ltd · PAX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $9.77 a share, the company is worth $1.6B: 18.4 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001825570). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.