PAX
Patria Investments Ltd
NASDAQ: PAX · FINANCIAL SERVICES · ASSET MANAGEMENT
$12.47
-1.27% today
Updated 2026-04-29
Market cap
$1.99B
P/E ratio
18.34
P/S ratio
5.21x
EPS (TTM)
$0.68
Dividend yield
4.75%
52W range
$10 – $18
Volume
0.9M
Patria Investments Ltd (PAX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $105.67M | $123.48M | $115.02M | $235.51M | $258.88M | $327.62M | $374.20M | $383.80M |
| Revenue growth (YoY) | — | +16.9% | -6.9% | +104.8% | +9.9% | +26.6% | +14.2% | +2.6% |
| Cost of revenue | $41.41M | $43.19M | $10.63M | $14.64M | $34.82M | $38.73M | $50.49M | $14.60M |
| Gross profit | $64.26M | $80.30M | $104.39M | $220.88M | $224.05M | $288.88M | $323.72M | $369.20M |
| Gross margin | 60.8% | 65.0% | 90.8% | 93.8% | 86.5% | 88.2% | 86.5% | 96.2% |
| R&D | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $16.06M | $12.19M | $28.81M | $74.22M | $70.05M | $94.26M | $116.42M | $43.80M |
| Operating income | $46.54M | $64.83M | $67.21M | $137.22M | $130.41M | $163.86M | $165.90M | $131.30M |
| Operating margin | 44.0% | 52.5% | 58.4% | 58.3% | 50.4% | 50.0% | 44.3% | 34.2% |
| EBITDA | $53.86M | $73.64M | $73.53M | $131.35M | $125.46M | $146.36M | $133.22M | $131.30M |
| EBITDA margin | 51.0% | 59.6% | 63.9% | 55.8% | 48.5% | 44.7% | 35.6% | 34.2% |
| EBIT | $46.66M | $65.37M | $65.84M | $122.59M | $104.26M | $119.24M | $97.39M | $129.20M |
| Interest expense | $206000.00 | $918000.00 | $869000.00 | $1.02M | $1.81M | $1.24M | $11.40M | — |
| Income tax | $1.99M | $3.51M | $3.14M | $381000.00 | $8.35M | $-2.82M | $10.31M | $1.70M |
| Effective tax rate | 4.4% | 5.7% | 4.8% | 0.3% | 8.2% | -2.4% | 12.5% | 1.9% |
| Net income | $43.67M | $58.54M | $62.21M | $122.48M | $92.96M | $118.40M | $71.88M | $85.60M |
| Net income growth (YoY) | — | +34.1% | +6.3% | +96.9% | -24.1% | +27.4% | -39.3% | +19.1% |
| Profit margin | 41.3% | 47.4% | 54.1% | 52.0% | 35.9% | 36.1% | 19.2% | 22.3% |