Patria Investments Limited (PAX)
NASDAQ: PAX · Real-Time Price · USD
11.74
-0.16 (-1.34%)
At close: Oct 23, 2026, 4:00 PM EDT
11.73
-0.01 (-0.09%)
After-hours: Oct 23, 2026, 7:30 PM EDT
Patria Investments Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 70 | 85.65 | 71.88 | 118.4 | 92.96 | 122.48 |
Depreciation & Amortization | 48.32 | 44.43 | 34.3 | 26.32 | 20.79 | 8.59 |
Other Amortization | 2.11 | 1.91 | 1.52 | 0.79 | 0.41 | 0.16 |
Loss (Gain) From Sale of Investments | -4.2 | -0.05 | 8.02 | -4.75 | -5.32 | -0.23 |
Loss (Gain) on Equity Investments | - | - | - | - | 2.35 | - |
Stock-Based Compensation | 40.65 | 36.47 | 19.08 | 1.47 | 0.73 | 0.76 |
Other Operating Activities | 28.87 | 21.39 | 57.79 | 28.6 | -1.65 | 0.4 |
Change in Accounts Receivable | -147.94 | 30.84 | -90.16 | -12.6 | -23.07 | -62.75 |
Change in Income Taxes | -12.85 | -12.14 | -11.7 | -5.84 | -11.66 | -1.61 |
Change in Other Net Operating Assets | 153.81 | 74.11 | 55.21 | 4.33 | 5.51 | 39.75 |
Operating Cash Flow | 178.78 | 282.61 | 145.95 | 156.73 | 81.05 | 107.56 |
Operating Cash Flow Growth | -33.75% | 93.64% | -6.88% | 93.37% | -24.65% | 104.12% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -7.87 | -10.56 | -3.61 | -5.87 | -5.44 | -1.55 |
Cash Acquisitions | -68.29 | -1.08 | -112.16 | -6.63 | -34.73 | -122.77 |
Sale (Purchase) of Intangibles | -17.62 | -18.73 | -4.68 | -9.15 | -1.27 | -0.29 |
Investment in Securities | -14.28 | -23.01 | 6.44 | 20.76 | 89 | -159.62 |
Other Investing Activities | 56.1 | 55.69 | 139.32 | 63.06 | -236.9 | - |
Investing Cash Flow | -51.95 | 2.3 | 25.31 | 62.17 | -189.35 | -284.23 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 261.3 | 261 | 25 | - | - |
Long-Term Debt Repaid | - | -316.99 | -38.23 | -27.16 | -1.65 | -0.83 |
Lease Payments | -5.59 | -4.22 | -3.23 | -2.16 | -1.65 | -0.83 |
Net Debt Issued (Repaid) | 182.26 | -55.69 | 222.77 | -2.16 | -1.65 | -0.83 |
Issuance of Common Stock | - | - | - | - | 230 | 302.72 |
Repurchase of Common Stock | -68.91 | -56.23 | -141.3 | -65.16 | - | - |
Common Dividends Paid | -98.47 | -95.14 | -132.38 | -145.15 | -103.33 | -119.79 |
Other Financing Activities | -110.51 | -61.14 | -100.74 | -17.16 | -6.47 | -4.21 |
Financing Cash Flow | -95.64 | -268.2 | -151.65 | -229.63 | 118.55 | 177.89 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -0.86 | 3.47 | -2.24 | 0.27 | 1 | -0.01 |
Net Cash Flow | 30.33 | 20.18 | 17.37 | -10.47 | 11.26 | 1.21 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 170.91 | 272.05 | 142.34 | 150.86 | 75.61 | 106.01 |
Free Cash Flow Growth | -35.06% | 91.13% | -5.64% | 99.51% | -28.68% | 101.80% |
Free Cash Flow Margin | 39.93% | 71.27% | 38.04% | 46.05% | 29.21% | 45.01% |
Free Cash Flow Per Share | 1.06 | 1.69 | 0.93 | 1.01 | 0.51 | 0.78 |
Levered Free Cash Flow | 200.05 | 361.32 | 109.88 | 199.03 | 38.75 | 46.77 |
Unlevered Free Cash Flow | 210.45 | 371.32 | 117.01 | 199.81 | 39.88 | 47.4 |
Free Cash Flow After Leases | 165.32 | 267.83 | 139.11 | 148.7 | 73.96 | 105.18 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 12.78 | 15.51 | 7.88 | 1.24 | 1.81 | 1.01 |
Cash Income Tax Paid | 12.71 | 12.86 | 13.64 | 3.25 | 0.62 | 0.22 |
Change in Working Capital | -6.98 | 92.81 | -46.65 | -14.11 | -29.22 | -24.61 |