Analysts expect the investment firm to report profit of about $0.29 per share on revenue of $100 million. The focus will likely be on how well the company is integrating its recent acquisitions in the U.S. and Europe, which are key to its plan to diversify away from Latin American markets. This update is a routine heads-up and does not change our view on the stock.
The team has a habit of alternating between small misses and significant beats, which suggests they are still getting a handle on how their recent global acquisitions impact the bottom line.
Earnings history
EstimateBeatMiss
Patria Investments Limited past earnings results
Expected
Actual
Surprise
EPS
$0.28
$0.32
+12.6%
Revenue
$98M
$83M
-15.9%
Key highlights
Strong fundraising momentum: The company raised $2.3 billion in the quarter and $4.5 billion for the first half of the year, putting it on track to beat its full year goal. This growth in new money from clients is the primary driver for a business that earns fees by managing investments.
Fee earning assets climbing: Assets that generate management fees rose 32% over the last year to $48.9 billion, supported by $6.7 billion from new acquisitions. This metric is critical because it represents the actual base of money that produces steady, recurring revenue for the firm.
Profit margins under pressure: The fee related earnings margin, which measures the profitability of the core management business, dropped to 54.0% from 56.9% a year ago. Profitability was hit by higher personnel and administrative costs, which jumped 40% over the last year to $48 million as the company integrated recent acquisitions.
Performance fees decline: The value of earned but unpaid performance fees, which are bonuses for hitting investment targets, fell to $238 million from $254 million in the previous quarter. This decrease was mainly caused by a lower valuation of companies held within Private Equity Fund VI.
Management confirms full year goals: Leadership expects fee related earnings to reach between $225 million and $245 million for the full year 2026. Hitting this target would mean the company earns between $1.42 and $1.54 per share from its core operations.
Our take: This was a strong quarter for growth even as the company spent more to integrate its new deals. While margins dipped to 54.0%, the rapid 32% increase in fee earning assets shows that the strategy of buying smaller firms is working. These results keep the long term case for the business firmly on track.
Patria Investments Limited’s next earnings date
Q3 2026
NOV
3
Expectation
EPS
$0.29
Revenue
$104M
Metrics we are tracking
Metric
Expectations
Status
FRE Margin
Recovering toward 60% by the end of FY2027
57% in Q2 2026
Fundraising Momentum
Maintaining annual capital raising above $4 billion
$4.2B over the trailing twelve months
Fee-Earning AUM Growth
Growing assets under management at 10% or more annually
12% YoY in Q2 2026
Credit Platform Expansion
Credit Fee-Earning AUM increasing by 20% annually
40% growth in Credit AUM following Solis deal
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