PTRN

MKT CAP:$2B

Pattern Group Inc. Series A Common Stock

Market Cap

$2B

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$13.25+$1.75 (+15.22%)

Apr 22, 2026

Company Details

A tech-enabled ecommerce accelerator. Pattern helps brands grow sales across global online marketplaces (including Amazon, Walmart, TikTok Shop, etc.) via technology, analytics, logistics, advertising & content tools; they also purchase, di...

CEO

David Wright

IPO Date

Sep 19, 2025

Website

www.pattern.com

Key Metrics TTM

Revenue

$2.5B

+39.3% YoY

Net Income

-$148M

EPS (Diluted)

-$0.93

Free Cash Flow

$79M

Revenue / Share

$14.18

Gross Margin

43.3%

Operating Margin

1.0%

Net Margin

-5.9%

FCF Margin

3.2%

P/S

0.8x

P/E

—

Earnings Reports

Q1 2026

May 6, 2026

PENDING

Q4 2025

Dec 30, 2025

$723M+40.3%EPS $0.16

Q3 2025

Sep 29, 2025

$640M+45.6%EPS -$1.27

Q2 2025

Jun 30, 2025

$598M+38.9%EPS $0.09

Q1 2025

Mar 31, 2025

$540M+31.6%EPS $0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 23	$394M	$171M	$16M
Q1 24	$411M	$184M	$23M
Q2 24	$431M	$187M	$23M
Q3 24	$439M	$187M	$18M
Q4 24	$515M	$217M	$23M
Q1 25	$540M	$236M	$29M
Q2 25	$598M	$257M	$30M
Q3 25	$640M	$279M	-$60M
Q4 25	$723M	$310M	$26M

Valuation

Quarter	P/S	P/E
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	1.7x	43.8x
Q4 24	1.5x	40.8x
Q1 25	1.4x	37.9x
Q2 25	1.3x	35.0x
Q3 25	1.2x	—
Q4 25	0.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 24	$40M	$34M
Q2 24	$4M	$276.0K
Q1 25	$48M	$43M
Q2 25	$2M	-$3M
Q3 25	$40M	$36M
Q4 25	$8M	$3M

Capital Expenditures

Quarter	CapEx
Q1 24	$6M
Q2 24	$3M
Q1 25	$5M
Q2 25	$5M
Q3 25	$5M
Q4 25	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 24	+30.8%	+30.2%
Q1 25	+31.6%	+31.9%
Q2 25	+38.9%	+39.4%
Q3 25	+45.6%	+65.9%
Q4 25	+40.3%	+41.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 23	$4M	—	—	$151M
Q1 24	$4M	$81M	$76M	—
Q2 24	$5M	$77M	$82M	—
Q3 24	$4M	—	—	$165M
Q4 24	$5M	—	—	$188M
Q1 25	$6M	$100M	$101M	—
Q2 25	$6M	$104M	$117M	—
Q3 25	$25M	—	—	$315M
Q4 25	$10M	—	—	$274M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 23	—	5.4%	—
Q1 24	—	6.5%	—
Q2 24	—	6.2%	—
Q3 24	—	5.3%	—
Q4 24	30.8%	5.5%	36.3
Q1 25	31.6%	6.2%	37.8
Q2 25	38.9%	5.7%	44.6
Q3 25	45.6%	-13.6%	32.0
Q4 25	40.3%	4.2%	44.5

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 25	$219M	$0	$219M
Q2 25	$215M	$0	$215M
Q3 25	$313M	$0	$313M
Q4 25	$289M	$0	$289M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 23	176M	—	—
Q1 24	178M	+0.9%	—
Q2 24	178M	0.0%	—
Q3 24	176M	-0.9%	—
Q4 24	176M	0.0%	0.0%
Q1 25	176M	0.0%	-0.9%
Q2 25	178M	+0.9%	0.0%
Q3 25	176M	-0.9%	+0.1%
Q4 25	176M	+0.2%	+0.2%

Shares Outstanding