Patria Investments
Manages private equity, infrastructure, credit, real estate, and investment solutions across three regions.
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Profile
Manages private equity, infrastructure, credit, real estate, public-equity, and private-markets-solutions strategies across Latin America, Europe, and the United States. Revenue comes mainly from management fees on third-party capital, supplemented by incentive and performance fees, while most fee-earning assets have limited or no redemption rights.
Manages alternative-investment funds and accounts across private equity, infrastructure, credit, real estate, public equities, and Global Private Markets Solutions. The core franchise sources middle-market investments in Latin America, while GPMS adds private-equity primaries, secondaries, and co-investments across Europe and the United States. Recent acquisitions have broadened U.S. solutions and Brazilian credit capabilities.
Earns mainly recurring management fees on committed, invested, or net-asset-value-based fee-earning assets, plus incentive and performance fees when fund terms are met. Its operating model combines local investment teams with institutional fundraising and multiple vehicle types, including closed-end funds, permanent-capital vehicles, open-end funds, and separately managed accounts. Revenue growth depends on raising and deploying third-party capital and realizing investments; most fee-earning assets are held in vehicles with limited or no redemption rights.
Company facts
Categories
Key statistics
Year to date −28.7% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Apr 24, 2026 | Goldman Sachs | Target | $20 | $18 | |
| Jan 28, 2026 | Goldman Sachs | Reiterate | Buy | $20 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026Q2 FY26 | $0.28 | $0.32 | +12.6% | $98.1M | $82.5M | −15.9% | −1.37% |
| May 7, 2026Q1 FY26 | $0.28 | $0.27 | −3.6% | $92.6M | $97.1M | +4.9% | +2.74% |
| Feb 3, 2026Q4 FY25 | $0.47 | $0.50 | +6.4% | $117.1M | $131.2M | +12.1% | −1.96% |
| Nov 4, 2025Q3 FY25 | $0.26 | $0.30 | +15.4% | $117.3M | $86.5M | −26.3% | +1.20% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $79.6M | $82.5M | $86.5M | $134.4M | $98.2M | $115.9M | |
| Gross profit | $65.4M | $67.9M | $71.6M | $122.3M | $78.2M | $114.5M | |
| Operating income | $29.4M | $30.1M | $30.5M | $49.3M | $25.6M | $29.7M | |
| Net income | $15.7M | $12.9M | $22.5M | $34.5M | $2.3M | $10.5M | |
| Diluted EPS | $0.09 | $0.08 | $0.15 | $0.22 | $0.01 | $0.07 | |
| Gross margin | 82.2% | 82.3% | 82.8% | 91.0% | 79.6% | 98.8% | |
| Operating margin | 37.0% | 36.5% | 35.2% | 36.7% | 26.1% | 25.6% |
Fiscal years (4-quarter sums)FY21 $235.5M · FY22 $258.9M · FY23 $327.6M · FY24 $374.1M · FY25 $383.0M
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $113.5M · Total debt $595.5M · Total assets $1.82B · Shareholders' equity $563.1M
Dividends
Last raised to $0.1625 from $0.15 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Sep 14 | $0.1625 | |
| May 18, 2026 | May 18 | Jun 11 | $0.1625 | raised from $0.15 |
| Feb 20, 2026 | Feb 20 | Mar 12 | $0.15 | |
| Nov 14, 2025 | Nov 14 | Dec 12 | $0.15 | |
| Aug 15, 2025 | Aug 15 | Sep 15 | $0.15 | |
| May 14, 2025 | May 14 | Jun 12 | $0.15 | |
| Feb 25, 2025 | Feb 25 | Mar 17 | $0.15 | |
| Nov 18, 2024 | Nov 18 | Dec 9 | $0.15 |
Ownership
Shares outstanding 161.37M · Float 150.74M · 93.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Patria Holdings Limited | 83.71M | 56.00% | 13D | Feb 26, 2026 |
| Capital Research Global Investors | 7.79M | 4.83% | 13F | Aug 12, 2026 |
| FMR LLC | 6.83M | 4.23% | 13F | Aug 13, 2026 |
| Endure Capital Management, LLC | 6.37M | 3.95% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 5.85M | 3.63% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | Marco Nicola D'Ippolito | officer: CEO of Global Private Markets | −7,004 | $11.29 |
| Apr 14, 2026 | Marco Nicola D'Ippolito | officer: CEO of Global Private Markets | −7,500 | $11.56 |
| Jun 3, 2026 | Olimpio Matarazzo Neto | director | +50,000 | $11.13 |
| Jun 5, 2026 | Olimpio Matarazzo Neto | director | +50,000 | $11.46 |
| May 28, 2026 | Olimpio Matarazzo Neto | director | +15,000 | $11.50 |
Peers
- Vinci Compass Investments
Brazil-based LatAm alternatives platform with R$347B AUM across six segments
- Brookfield Asset Management
Global alternative asset manager with $64B South America AUM since 1899
- Blackstone
World's largest alt asset manager, $1.27T AUM, active LatAm LP fundraiser
- Hamilton Lane
Global private markets platform; $72B FEAUM, $138B discretionary AUM
- XP
Brazil's dominant investment platform with a ~R$200B alternatives asset manager
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Patria Investments | $11.33 | −0.13% | $1.83B | 25.2 | 7.5 | 4.2 | −0.0% |
| Vinci Compass Investments | $9.48 | +0.21% | $605.0M | 10.0 | 11.7 | 1.9 | +7.0% |
| Brookfield Asset Management | $51.52 | −1.14% | $83.22B | 30.3 | 25.6 | 15.4 | +58.7% |
| Blackstone | $142.86 | +0.35% | $171.97B | 31.6 | 22.2 | 10.7 | +2.4% |
| Hamilton Lane | $102.81 | −3.02% | $5.89B | 16.2 | 15.4 | 6.9 | +56.5% |
| XP | $17.66 | +0.01% | $9.24B | 9.1 | 9.9 | 2.5 | +16.7% |
| Median | 16.2 | 15.4 | 6.9 | +16.7% |