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PAX · CIK 0001825570

Patria Investments Limited

Annual figures as reported, FY2017–FY2024. Ratios and growth rates derived on-page.

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Company profile
Nasdaq · PAXHQ Grand Cayman, Cayman IslandsIncorporated in E9Fiscal year ends Dec 31Large accelerated filer
Revenue
$374.2M
▲ +14.2% vs FY2023
Net income
$75.7M
▼ −37.4% vs FY2023
Free cash flow
$142.3M
▼ −5.6% vs FY2023
Diluted EPS
$0.47
▼ −41.4% vs FY2023

Revenue

Annual, as reported

0100M200M300M’18’20’22’24$374.2M

Net income

Annual, as reported

050M100M’18’20’22’24$75.7M

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

0%20%40%’18’20’22’24

Returns on capital

Net income vs year-end equity and assets

0%50%100%’18’20’22’24
Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

050M100M150M’18’20’22’24$142.3M

Operating cash flow

Net cash from operations

050M100M150M’18’20’22’24$145.9M

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

050M100M’18’20’22’24
Dividends paid

Diluted shares outstanding

Falling count means buybacks outpace dilution

050M100M150M’18’20’22’24154M

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

0200M400M’17’19’21’23’24$490.9M

Growth rates

compounding, annualized
Revenue CAGR
+16.7%
3y
+24.9%
5y
Net income CAGR
−14.5%
3y
+4.4%
5y
Diluted EPS CAGR
−19.7%
3y
Free cash flow CAGR
+10.3%
3y
+26.3%
5y
Share count change (split-adjusted)
+31.6%
5y

Key ratios

derived per fiscal year
Fiscal yearNet marginFCF marginROEROACurrent ratioDPS
FY202420.2%38.0%15.4%6.3%0.94×$0.87
FY202336.9%46.0%23.2%11.9%1.01×$0.98
FY202236.4%29.2%18.3%9.6%1.42×$0.70
FY202151.5%45.0%21.5%15.9%2.26×$0.66
FY202053.8%45.7%104.7%57.7%1.22×$0.72
FY201949.5%36.0%68.7%53.1%2.98×$0.40
FY201842.1%36.4%56.8%——$0.00
FY2017——————

Annual figures

as reported
Fiscal yearRevenueGross profitOp. incomeNet incomeDiluted EPSOp. cash flowCapexTotal assetsLiabilitiesEquityCashLT debt
FY2024$374.2M——$75.7M$0.47$145.9M$3.6M$1.2B$715.2M$490.9M$33.4M—
FY2023$327.6M——$120.8M$0.80$156.7M$5.9M$1.0B$490.2M$521.3M$16.1M—
FY2022$258.9M——$94.1M$0.63$81.1M$5.4M$976.2M$462.8M$513.5M$26.5M—
FY2021$235.5M——$121.2M$0.90$107.6M$1.6M$761.3M$197.0M$564.3M$15.3M—
FY2020$115.0M——$61.8M$0.53$52.7M$163K$107.2M$48.1M$59.1M$14.1M—
FY2019$123.2M——$60.9M—$44.5M$147K$114.9M$26.1M$88.7M$4.1M—
FY2018$105.7M——$44.5M—$39.5M$1.0M——$78.3M$2.3M—
FY2017—————————$75.1M$3.3M—

Latest filings

the most recent regulatory filings
6-KForeign issuer report2026-06-15 ↗4Insider ownership filing2026-06-05 ↗4Insider ownership filing2026-06-03 ↗4Insider ownership filing2026-06-01 ↗4Insider ownership filing2026-05-28 ↗4Insider ownership filing2026-05-22 ↗SCHEDULE 13G/ASEC filing2026-05-15 ↗SCHEDULE 13G/ASEC filing2026-05-15 ↗SCHEDULE 13G/ASEC filing2026-05-14 ↗6-KForeign issuer report2026-05-07 ↗

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