Patria Reports First Quarter 2026 Earnings Results
Rhea-AI Summary
Patria (Nasdaq: PAX) reported unaudited results for Q1 2026 ended March 31, 2026. Key figures: Fee Related Earnings $50.5M (+19% YoY), Fee‑Earning AUM nearly $46B, $2.1B raised in the quarter, Distributable Earnings $42.4M or $0.27 per share, and net income $2.3M. A quarterly dividend of $0.1625 per share was declared, payable June 11, 2026. Management highlighted fundraising momentum, inaugural bond issuance and diversified long‑duration assets as positioning the firm for growth.
AI-generated analysis. Not financial advice.
Positive
- Fee Related Earnings of $50.5M (+19% YoY)
- Raised $2.1B of new capital in Q1 2026
- Fee‑Earning AUM nearly $46B
- Declared quarterly dividend of $0.1625 per share
Negative
- Net income attributable to Patria of only $2.3M in Q1 2026
News Market Reaction – PAX
On the day this news was published, PAX declined 6.81%, reflecting a notable negative market reaction. Argus tracked a trough of -3.2% from its starting point during tracking. Our momentum scanner triggered 21 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $143M from the company's valuation, bringing the market cap to $1.96B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Moves among asset-management peers were mixed, with GCMG down 0.88% while BBUC, GDV, DBRG, and CLM showed modest gains. This pattern does not indicate a clear sector-wide reaction aligned with PAX’s slightly negative -0.15% move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | Q4 & FY25 earnings | Positive | -4.5% | Record 2025 fundraising, FEAUM growth, strong FRE and net income metrics. |
| Nov 04 | Q3 2025 earnings | Positive | +3.0% | AUM above $50B, solid FRE and DE, strong fundraising and dividend. |
| Aug 01 | Q2 2025 earnings | Positive | -4.4% | Double‑digit FRE growth, $1.3B fundraising, dividend and buyback program. |
| May 02 | Q1 2025 earnings | Positive | -1.2% | Record $3.2B fundraising, FRE and DE growth, dividend declaration. |
| Feb 12 | Q4 & FY24 earnings | Positive | +4.2% | Exceeded fundraising target, strong FRE and DE with high margins. |
Earnings releases have generally highlighted strong growth in AUM, FRE and fundraising, yet price reactions have skewed negative or mixed, suggesting investors often fade earnings strength.
Over the past year, Patria’s earnings releases have consistently emphasized scaling Fee-Earning AUM, strong FRE growth, and robust fundraising. Q4 2024 results showed $170m FRE and a 57% margin, while 2025 quarters reported rising FRE, record fundraising and steady dividends of $0.15 per share. However, price reactions have often been negative despite positive fundamentals, as seen with Q2 and Q4 2025 results. Today’s Q1 2026 update continues the theme of solid FRE and AUM growth within this established trajectory.
Historical Comparison
Across 5 prior earnings releases, the average 1‑day move was -0.58%, so the current -0.15% pre‑news move fits the pattern of muted to slightly negative reactions.
Successive earnings have highlighted rising AUM, expanding Fee Related Earnings and strong fundraising, progressing from 2024’s $170m FRE target to 2025’s higher quarterly FRE run‑rate and now Q1 2026’s continued FRE and FEAUM growth.
Market Pulse Summary
The stock moved -6.8% in the session following this news. A negative reaction despite solid earnings would fit prior patterns where strong FRE and fundraising updates in 2025 were met with selling pressure. Historically, some earnings releases saw downside moves even with growing AUM and high margins. In such a scenario, investors would need to consider valuation expectations, macro risk sentiment, and any concerns about sustainability of fundraising or performance fees that might outweigh near-term reported strength.
Key Terms
fee-earning aum financial
distributable earnings financial
forward-looking statements regulatory
AI-generated analysis. Not financial advice.
GRAND CAYMAN, Cayman Islands, May 07, 2026 (GLOBE NEWSWIRE) -- Patria Investments Limited (Nasdaq:PAX) reported today its unaudited results for the first quarter ended March 31, 2026. The full detailed presentation of Patria's first quarter 2026 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/.
“We delivered a strong start to 2026, driven by continued fundraising momentum, meaningful growth in Fee-Earning AUM, and consistent investment performance across our platform,” said Alex Saigh, Chief Executive Officer of Patria. “We raised
Financial Highlights (reported in $ USD)
IFRS results included
Dividends
Patria declared a quarterly dividend of
Conference Call
Patria will host its first quarter 2026 earnings conference call via public webcast on May 7th, 2026, at 9:00 a.m. ET. To register and join, please use the following link:
https://edge.media-server.com/mmc/p/6u8sf7vo/
For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/ shortly after the call’s completion.
About Patria
Patria is a global alternative asset management firm focused on the mid-market segment, specializing in resilient sectors across select regions. We are a leading asset manager in Latin America and have a strong presence in Europe through our extensive network of General Partners relationships. Our on-the-ground presence combines investment leaders, sector experts, company managers, and strategic relationships, allowing us to identify compelling investment opportunities accessible only to those with local proficiency. With over 37 years of experience and more than
Asset Classes: Infrastructure, Credit, Real Estate, Private Equity, Solutions (GPMS), and Public Equities
Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportations, Food & Beverage and Digital & Tech Services
Investment Regions: Latin America, Europe and the U.S.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words, among others. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time, including but not limited to those described under the section entitled “Risk Factors” in our most recent annual report on Form 20-F, as such factors may be updated from time to time in our periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our periodic filings.
Contact
Patria Shareholder Relations
E. PatriaShareholderRelations@patria.com
T. +1 917 769 1611
Media - Burson
E. patria@hillandknowlton.com
T. +44 20 7113 3468
