NASDAQ$PAX

Patria Investments Limited · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

PAX reported Q4 2025 revenue of $$450.0M and net income of $90.5M.

For Q4 2025, PAX reported revenue of $450.0M and net income of $90.5M. Management discusses segment performance, costs, and liquidity in the quarterly filing.

  • Revenue of $450.0M for Q4 2025.
  • Net income of $90.5M.
  • Operating trends and segment mix are detailed in the quarterly report.
  • Liquidity, capital allocation, and macro exposure are discussed in MD&A.

Headline financials

Total Revenue

$450M

Previous: $157M+186.3%
EPS (adj)

$0.50

Previous: $0.58-13.8%
Quarterly Fundraising

$1.7B

No prior period
Fee Related Earnings

$64.3M

No prior period
FRE Margin

63.6%

No prior period
Distributable Earnings

$78.5M

No prior period
DE per Share

$0.50

No prior period
Quarterly Dividend

$0.15

No prior period
Net Income

$90.5M

No prior period
Operating Income

$38.1M

No prior period

Revenue & EPS history

Patria · Revenue · Quarterly

$450M

Q4 2025+186.3%vs Q4 2024
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Forward guidance

The 20-F does not provide numeric consolidated annual EPS guidance for PAX. Management commentary in MD&A covers costs, capital, and sector-specific risks.

Tailwinds

  • Management discusses operational priorities and liquidity in the quarterly filing.
  • Segment or product trends are disclosed where applicable to the business model.

Headwinds

  • Macro, input-cost, and interest-rate exposure can affect near-term results.
  • One-time items, impairments, or fair-value marks may distort quarterly comparability.

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 Q4 2025

Historical avgQ4 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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