NASDAQ$PAX
Patria Investments Limited · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Patria Q1 2026: $50.5M fee related earnings (+19% YoY), $2.1B raised, fee-earning AUM near $46B
Patria Investments Limited reported a strong start to 2026 with fee related earnings of $50.5 million in Q1, up 19% from $42.6 million in Q1 2025, and an FRE margin of 54.6%. IFRS net income attributable to Patria was $2.3 million. Distributable earnings were $42.4 million, or $0.27 per share. The alternative asset manager raised $2.1 billion in the quarter and grew fee-earning AUM to nearly $46 billion while total AUM exceeded $59 billion. CEO Alex Saigh highlighted continued fundraising momentum, consistent investment performance, and a strengthened balance sheet following Patria's inaugural bond issuance. The board declared a quarterly dividend of $0.1625 per share payable June 11, 2026 to holders of record May 18, 2026. Patria operates across infrastructure, credit, real estate, private equity, GPMS solutions, and public equities with a focus on Latin America, Europe, and the U.S.
- Fee related earnings $50.5M (+19% YoY) with 54.6% FRE margin; distributable earnings $42.4M ($0.27/share).
- Raised $2.1B in Q1 2026; fee-earning AUM grew to nearly $46B; total AUM exceeds $59B.
- IFRS net income attributable to Patria was $2.3 million in Q1 2026.
- Declared quarterly dividend of $0.1625 per share payable June 11, 2026.
- Management sees strong global and local investor engagement and a diversified, long-duration asset base.
Headline financials
Revenue & EPS history
Patria · Revenue · Quarterly
$450M
Forward guidance
Management stated Patria remains firmly on track to achieve its full-year 2026 objectives, supported by fundraising momentum, growing fee-earning AUM, and a strengthened balance sheet after its inaugural bond issuance.
Tailwinds
- 19% YoY FRE growth and $2.1B of new capital raised in the quarter.
- Highly diversified platform across six asset classes and multiple geographies.
Headwinds
- IFRS net income of $2.3M is modest relative to FRE due to accounting and performance-fee timing.
- Alternative asset fundraising remains subject to macro and LP allocation cycles.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+1.0%
Avg return
Earnings day
+1.7%
Avg return
5 days after
-0.2%
Avg return
30 days after
57%
12 / 21 earnings
Positive
+10.1%
Q4 2022
Best reaction
-6.0%
Q4 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | -10.7% | -13.8% | |
| Q4 2025 | -2.0% | +3.8% | -7.1% | |
| Q3 2025 | +3.1% | +1.6% | +6.3% | |
| Q2 2025 | -4.3% | -1.4% | -2.9% | |
| Q1 2025 | -1.6% | +3.0% | +19.3% | |
| Q4 2024 | +4.2% | +5.8% | -6.0% | |
| Q3 2024 | +4.1% | +2.6% | +3.5% | |
| Q1 2024 | -4.7% | -3.7% | -2.9% | |
| Q4 2023 | +8.8% | +9.3% | +2.3% | |
| Q3 2023 | +2.0% | +3.5% | +5.6% | |
| Q2 2023 | +1.4% | +1.7% | -3.1% | |
| Q1 2023 | -0.5% | +3.2% | +7.5% | |
| Q4 2022 | +10.1% | +8.7% | -4.1% | |
| Q3 2022 | -1.2% | -2.4% | -4.8% | |
| Q2 2022 | -4.5% | -4.4% | -7.7% | |
| Q1 2022 | +1.8% | +12.8% | +3.0% | |
| Q4 2021 | +0.3% | -3.2% | -8.3% | |
| Q3 2021 | +4.7% | +0.9% | -7.7% | |
| Q2 2021 | +3.5% | +4.4% | +14.4% | |
| Q1 2021 | +3.2% | +9.4% | +16.5% | |
| Q4 2020 | -6.0% | -10.3% | -15.0% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
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