Patria Investments (PAX) financial statements
Patria Investments reported revenue of $374M in fiscal 2024, up 23.5% a year over 6 years.
Net income was $72M.
Free cash flow was $142M, and the company returned $132M in dividends.
The diluted share count rose 32% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Patria Investments's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $106M | $123M | $115M | $236M | $259M | $328M | $374M |
| Gross profit | $64M | $80M | $82M | $149M | — | — | — |
| Selling, general and admin | $18M | $16M | $15M | $14M | $31M | $39M | $47M |
| Operating income | $46M | $65M | $65M | $122M | — | — | — |
| Interest expense | $206,000 | $95,000 | $56,000 | $1M | $5M | $11M | $38M |
| Pre-tax income | $46M | $64M | $65M | $122M | $102M | $118M | $86M |
| Income tax | $2M | $4M | $3M | $381,000 | $8M | -$3M | $10M |
| Net income | $44M | $59M | $62M | $122M | $93M | $118M | $72M |
| EPS (diluted) | — | — | $0.53 | $0.90 | $0.63 | $0.80 | $0.47 |
| Diluted shares | 117M | 117M | 117M | 136M | 147M | 149M | 154M |
| Gross margin | 61.0% | 65.1% | 71.2% | 63.2% | — | — | — |
| Operating margin | 44.0% | 52.4% | 56.7% | 51.7% | — | — | — |
| Net margin | 41.3% | 47.5% | 54.1% | 52.0% | 35.9% | 36.1% | 19.2% |
Balance sheet
Fiscal years, from Patria Investments's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $24M | $24M | $167M | $312M | $221M | $92M |
| Receivables | — | $11M | $24M | $97M | $125M | $127M | $217M |
| Total current assets | — | $57M | $54M | $352M | $480M | $402M | $373M |
| Property, plant and equipment | $3M | $6M | $4M | $13M | $25M | $28M | $33M |
| Total assets | — | $115M | $107M | $761M | $976M | $1.0B | $1.2B |
| Total current liabilities | — | $19M | $44M | $156M | $338M | $397M | $397M |
| Total liabilities | — | $26M | $48M | $197M | $463M | $490M | $715M |
| Shareholders' equity | $78M | $81M | $57M | $564M | $553M | $542M | $481M |
| Net debt | -$2M | -$4M | -$14M | -$15M | -$27M | -$16M | -$33M |
Cash flow
Fiscal years, from Patria Investments's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $40M | $44M | $53M | $108M | $81M | $157M | $146M |
| Capital spending | $1M | $147,000 | $163,000 | $2M | $5M | $6M | $4M |
| Free cash flow | $39M | $44M | $53M | $106M | $76M | $151M | $142M |
| Stock-based compensation | — | — | $0 | $764,000 | $731,000 | $1M | $19M |
| Dividends paid | $38M | $47M | $64M | $120M | $103M | $145M | $132M |
| Net borrowing | — | — | — | $0 | $0 | -$1M | $216M |
| Free cash flow margin | 36.4% | 36.0% | 45.7% | 45.0% | 29.2% | 46.0% | 38.0% |
| Dividends per share | $0.32 | $0.40 | $0.55 | $0.88 | $0.70 | $0.98 | $0.86 |
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Open PAX in InvestinglyQuestions
What was Patria Investments's revenue in 2024?
$374M in fiscal 2024, from its 10-K filing.
How much free cash flow does Patria Investments generate?
$142M in fiscal 2024 (operating cash flow minus capital spending).
From Patria Investments's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.