Pattern Group Inc. (PTRN)
Pattern Group Inc. operates as an e-commerce accelerator that combines proprietary technology and on-demand expertise to support consumer brands operating across e-commerce marketplaces in the United States and internationally. The company acquires inventory from brand partners to sell to consumers in various industries, including health and wellness; beauty and personal care; home and lifestyle; pet; sports and outdoors; and consumer electronics. The company was formerly known as Covalent Group, Inc. and changed its name to Pattern Group Inc. in November 2024. Pattern Group Inc. was incorporated in 2018 and is headquartered in Lehi, Utah.
Sector: Retail-Catalog & Mail-Order Houses
Industry: Advertising Agencies
Pattern Group Inc. Series A Common Stock
NASDAQ:PTRNTechnology · Software - Application
+3.53%$18.91
Prev close$18.27+2.16%Open$18.66+1.34%Now$18.91
Mkt Cap$3.34B
Float47.6M
O/S176.7M
VOL155K sh
$ Vol$2.89M
RVOL0.13×
Inst Own37.7%
SI17.4%
Dilution
Financials Summary
Revenue$2.5B
Net Income$16.25M
Total Assets$947.64M
Free Cash Flow$78.92M
Debt & Equity
Debt 5%
Equity 95%
Total Debt$30.84M
Total Equity$581M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PTRN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$947.64M
Liabilities$366.64M
Accounts Receivable$177.21M
Accounts Payable$274.98M
Inventory$294.74M
PP&E (Net)$69.25M
Goodwill$37.77M
Intangible Assets$16.69M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $2.5B | $1.8B | $1.37B | $990.53M |
| YoY Growth | 39.3% | 31.5% | 37.9% | - |
| Cost of Revenue | $1.43B | $1.01B | $765.2M | $561.62M |
| Gross Profit | $1.07B | $781.35M | $601.21M | $428.92M |
| Gross Margin | 42.9% | 43.5% | 44.0% | 43.3% |
| Research and Development | $46.29M | $17.99M | $14.64M | $10.83M |
| Selling, General, and Administrative | $1B | $676.18M | $533.78M | $413.96M |
| Other | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.05B | $694.17M | $548.43M | $424.79M |
| Operating Income (EBIT) | $25.41M | $87.18M | $52.78M | $4.12M |
| Operating Margin | 1.0% | 4.9% | 3.9% | 0.4% |
| Interest Expense | $0 | $98K | $33K | $502K |
| Interest Income | $7.65M | $6.16M | $2.88M | $0 |
| Other Income (Expense) | -$26.2M | $4.05M | $3.56M | -$5.81M |
| Income Before Tax (EBT) | -$794K | $91.23M | $56.34M | -$1.69M |
| Income Tax Expense | -$17.04M | $23.38M | $15.08M | $1.28M |
| Net Income | $16.25M | $67.86M | $41.26M | -$2.98M |
| Net Income Margin | 0.6% | 3.8% | 3.0% | -0.3% |
| Supplementary Data | ||||
| EPS | -0.89 | -1.23 | 0.12 | -0.12 |
| Diluted EPS | -0.89 | -1.23 | 0.12 | -0.12 |
| Weighted Average OS | 176.39M | 171.11M | 171.11M | 171.11M |
| EBITDA | $16.01M | $106.14M | $68.48M | $8.4M |
| EBITDA Margin | 0.6% | 5.9% | 5.0% | 0.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $289.05M | $175.62M | $127.23M |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $289.05M | $175.62M | $127.23M |
| Accounts Receivable | $177.21M | $106.93M | $76.11M |
| Inventory | $294.74M | $264.1M | $190.88M |
| Other Current Assets | $31.57M | $11.44M | $10.71M |
| Total Current Assets | $792.58M | $558.08M | $404.94M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $69.25M | $62.91M | $43.01M |
| Goodwill | $37.77M | $25.94M | $25.94M |
| Intangible Assets | $16.69M | $6.91M | $9.96M |
| Long-Term Investments | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $7.98M | $6.68M |
| Other Long-Term Assets | $31.35M | $2.61M | $393K |
| Total Long-Term Assets | $155.06M | $106.34M | $85.98M |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $947.64M | $664.42M | $490.92M |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $274.98M | $211.56M | $124.69M |
| Short-Term Debt | $8.83M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 |
| Other Current Liabilities | $54.74M | $266K | $236K |
| Total Current Liabilities | $338.54M | $257.7M | $156.64M |
| Long-Term Liabilities | |||
| Long-Term Debt | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 |
| Other Long-Term Liabilities | $6.09M | $5.3M | $8.23M |
| Total Long-Term Liabilities | $28.1M | $27.4M | $21.28M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $366.64M | $285.1M | $177.92M |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $270.69M | $270.69M |
| Common Stock | $177K | $4K | $4K |
| Retained Earnings | $28.72M | $106.86M | $39M |
| Comprehensive Income & Other | $448K | -$985K | -$2.35M |
| Other Stockholders' Equity | $552.1M | $272.47M | $274M |
| Total Equity | $581M | $379.32M | $313M |
| Minority Interest | $0 | $0 | $0 |
| Total Liabilities and Equity | $947.64M | $664.42M | $490.92M |
| Supplementary Data | |||
| Total Debt | $30.84M | $30.13M | $19.1M |
| Net Debt | -$258.21M | -$145.49M | -$108.13M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$156.61M | $67.86M | $41.26M | -$2.98M |
| Depreciation & Amortization | $16.8M | $14.81M | $12.1M | $9.59M |
| Deferred Income Tax | -$18.79M | -$1.28M | -$74K | -$4.17M |
| Stock-Based Compensation | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$67.72M | -$30.81M | -$1.54M | -$15.97M |
| Inventory | -$29.03M | -$73.22M | -$30.89M | -$34.28M |
| Accounts Payable | $62.38M | $86.47M | $28.1M | $48.64M |
| Other Working Capital | -$12.2M | $6.49M | -$6.06M | $8.32M |
| Total Working Capital Change | -$46.56M | -$11.07M | -$10.39M | $6.71M |
| Other Non-Cash Items | $304.57M | $32K | -$1.43M | $5.07M |
| Net Cash from Operating | $99.41M | $70.35M | $41.48M | $14.23M |
| Investing Activities | ||||
| Capital Expenditures | -$20.48M | -$20.45M | -$14.5M | -$16.2M |
| Acquisitions | -$19.29M | $12K | $0 | -$14.32M |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$39.77M | -$20.44M | -$14.5M | -$30.52M |
| Financing Activities | ||||
| Debt Repaid | - | - | - | $34.95M |
| Common Stock Issuance | $135.03M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$2.9M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$81.32M | $0 | $0 | -$1.67M |
| Net Cash from Financing | $53.71M | -$2.9M | $0 | -$36.62M |
| Forex Effect | $87K | $1.37M | $1.08M | -$2.44M |
| Net Change in Cash | $113.43M | $48.38M | $28.05M | -$55.35M |
| Supplementary Data | ||||
| Operating Cash Flow | $99.41M | $70.35M | $41.48M | $14.23M |
| Capital Expenditure | -$20.48M | -$20.45M | -$14.5M | -$16.2M |
| Free Cash Flow | $78.92M | $49.9M | $26.98M | -$1.97M |
| Cash at Beginning | $175.62M | $127.23M | $99.18M | $154.53M |
| Cash at End | $289.05M | $175.62M | $127.23M | $99.18M |