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PTRN

Pattern Group Inc. Series A Common Stock

PTRN

Pattern Group Inc. Series A Common Stock • NASDAQ
$14.54 ▼ -1.22% (-0.18)
Market Cap $2.88 B
52w High $20.10
52w Low $12.00
Dividend Yield 0%
P/E -5.98
Volume 303.40K
Outstanding Shares 197.93M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $639.655M ▲ $339.44M ▲ $-222.99M ▼ -34.861% ▼ $-1.27 ▼ $-87.029M ▼
Q2-2025 $598.15M ▲ $226.688M ▲ $23.781M ▲ 3.976% ▼ $0.096 ▲ $34.369M ▲
Q1-2025 $540.406M ▲ $206.398M ▲ $22.802M ▲ 4.219% ▲ $0.089 ▲ $33.453M ▲
Q2-2024 $430.629M ▲ $163.589M ▲ $17.8M ▲ 4.133% ▼ $0.066 ▲ $26.723M ▲
Q1-2024 $410.672M $160.422M $17.657M 4.3% $0.066 $26.72M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $312.803M ▲ $843.109M ▲ $301.736M ▲ $541.373M ▲
Q2-2025 $215.253M ▼ $712.313M ▲ $286.634M ▲ $425.679M ▲
Q1-2025 $218.78M $669.008M $266.889M $402.119M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-222.99M ▼ $40.468M ▲ $-4.614M ▲ $61.594M ▲ $97.55M ▲ $35.846M ▲
Q2-2025 $23.781M ▲ $2.045M ▼ $-5.35M ▼ $0 $-3.527M ▼ $-3.305M ▼
Q1-2025 $22.802M ▲ $48.4M ▲ $-5.228M ▼ $0 $43.165M ▲ $43.172M ▲
Q2-2024 $17.8M ▲ $3.588M ▼ $-3.312M ▲ $0 $1.128M ▼ $276K ▼
Q1-2024 $17.657M $39.88M $-5.547M $0 $34.817M $34.333M

Five-Year Company Overview

Income Statement

Income Statement Pattern’s revenue has been growing steadily over the last few years, and the business appears to be scaling: gross profit is rising and operating profit has moved from roughly breakeven into modest profitability. EBITDA and net income have both turned positive, which suggests the core operations are beginning to work at scale rather than relying purely on growth spending. At the same time, the reported earnings per share figures look volatile and somewhat inconsistent with the profit trend, which could reflect SPAC-related share count changes, one‑off items, or data quality issues. Overall, the income statement signals a young but maturing software‑enabled business that is transitioning from “prove the model” into “grow with improving efficiency,” but still likely operates with relatively thin cushions and sensitivity to growth spending decisions.

Balance Sheet

Balance Sheet There is no detailed balance sheet data provided, which makes it hard to judge leverage, cash reserves, or the true financial cushion. Given the SPAC listing, the company likely received a meaningful cash injection, but it also runs an inventory‑heavy model because it buys products from brands and resells them. That means working capital needs can be significant, and inventory and receivables management become critical risk areas. Without hard numbers, the key open questions are: how much net cash or debt sits on the balance sheet, how flexible Pattern would be in a downturn, and how much capacity it has to fund expansion, acquisitions, and technology investment without stressing its capital structure.

Cash Flow

Cash Flow Cash flow data is not available, so it’s unclear whether the business is already generating consistent cash from operations or still consuming cash to fund growth. For a company like Pattern, the gap between accounting profit and cash flow can be large, because buying inventory, extending terms to partners, and investing in logistics and technology all tie up cash. Strong cash generation would indicate that the model is self‑funding and scalable; weak or negative cash flow would mean more dependence on outside capital or tighter working‑capital discipline. In short, cash flow quality is a major unknown here and a key area that would need closer scrutiny once detailed disclosures are available.

Competitive Edge

Competitive Edge Pattern appears to have a strong competitive position in e‑commerce acceleration, built on a differentiated “retail‑as‑a‑service” model and a very data‑driven platform. Its practice of buying inventory and acting as the merchant of record gives it tighter control over pricing, content, and brand protection than typical agencies, which can make relationships with brands deeper and stickier. The company’s scale as a top marketplace seller, especially on Amazon, plus its AI‑driven optimization engine, creates a data flywheel that is hard for smaller or less technical competitors to replicate. At the same time, the heavy revenue concentration in Amazon is a clear vulnerability: policy changes, competitive moves by Amazon, or shifts in traffic could have outsized impact. The broader market is also crowded, with agencies, software tools, and in‑house brand teams all competing to manage marketplace presence. Pattern’s high retention and expansion with existing brands suggest its value proposition is resonating, but it still faces platform concentration risk and the need to prove it can replicate its Amazon strength across other channels and regions.

Innovation and R&D

Innovation and R&D Innovation is a core strength. Pattern has invested heavily in its Ecommerce Acceleration Platform, using AI and machine learning to optimize pricing, advertising, content, inventory, and logistics decisions in near real time. This technology focus shows up in specialized tools like GEO Scorecard, Chessboard, and TrendVision, which aim to give brands clearer visibility into their performance and the drivers of conversion across marketplaces and AI‑driven shopping experiences. The company is also extending innovation beyond software into operations, with new transportation, returns, and reimbursement services that deepen its role in the fulfillment chain. Its strategy includes expanding into social commerce, non‑Amazon marketplaces, and new geographies, plus selectively acquiring data and consulting assets. Overall, Pattern is positioning itself as a full‑stack, tech‑led commerce partner rather than just a point solution or agency, which, if executed well, can reinforce its moat over time but also requires sustained R&D and integration discipline.

Summary

Pattern Group looks like an emerging, tech‑heavy e‑commerce “infrastructure” company that is moving from early‑stage proof into more scaled operations. Revenues and operating profits are trending in the right direction, suggesting the model has real traction with brands, helped by sticky partnerships and a powerful data/AI platform. However, the lack of visibility into the balance sheet and cash flows means the true financial resilience and funding capacity are unclear, which is particularly important given its inventory‑owning model and expansion ambitions. Competitively, Pattern appears well differentiated and enjoys a meaningful data and scale advantage, but it is highly exposed to Amazon and must show it can diversify meaningfully into other platforms and markets. The innovation pipeline and logistics build‑out support a long runway for growth, while also increasing execution complexity. Overall, this is a growing, increasingly profitable platform business with notable strategic strengths, but also material uncertainties around financial robustness, platform concentration, and the cash demands of its chosen business model.

NEWS

November 20, 2025 · 8:00 AM UTC

Pattern Expands Fulfillment Solutions with New Transportation, Returns, and Reimbursement Services

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November 5, 2025 · 4:02 PM UTC

Pattern Reports Third Quarter 2025 Financial Results

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October 2, 2025 · 8:00 AM UTC

Pattern Launches Free GEO Scorecard to Show Ecommerce Brands How They Rank Against Competitors on LLM Engines

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September 23, 2025 · 8:00 AM UTC

Pattern Announces Closing of Initial Public Offering

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September 18, 2025 · 9:07 PM UTC

Pattern Announces Pricing of Initial Public Offering

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