Patria Investments (PAX) Cash from Operations (2020 - 2026)
Patria Investments' Cash from Operations came in at $31.44 million for Q1 2026, down 68.6% from $100.07 million a year earlier and down 20.9% from the prior quarter.
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Analysis
Patria Investments (PAX) Cash from Operations (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Patria Investments reported Cash from Operations of $213.98 million, up 4.8% year-over-year; for FY2025, it came in at $282.61 million, up 93.6% from FY2024.
- Cash from Operations carries a five-year compound annual growth rate of 39.9% (FY2020 to FY2025).
- Going back by year, Cash from Operations was $145.95 million in FY2024 (-6.9%), $156.73 million in FY2023 (+93.4%), $81.05 million in FY2022 (-24.6%) and $107.56 million in FY2021 (+104.1%).
- The Q1 2026 figure represents the lowest quarterly Cash from Operations since Q4 2024.
- Year-over-year, Cash from Operations increased in four of the last eight quarters, with growth averaging 94.3%.
- The fastest year-over-year change in Cash from Operations over five years came in Q2 2025 (growth of 695.2%), and the weakest in Q2 2024 (a decline of 77.3%).
- Business Quant data shows PAX's Cash from Operations at $39.77 million (Q4 2025), $65.9 million (Q3 2025) and $76.87 million (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 164.13 Bn | 110.49 Bn | - | 1.23 Bn |
| 2 | Spdr Gold Trust | 133.82 Bn | -424.18 Bn | - | - |
| 3 | Blackstone | 84.08 Bn | 79.01 Bn | - | 1.94 Bn |
| 4 | Brookfield | 82.97 Bn | -82.41 Bn | 4.47 Bn | - |
| 5 | Kkr | 81.05 Bn | 47.53 Bn | - | 3.25 Bn |
| 6 | Brookfield Asset Management | 71.64 Bn | 67.88 Bn | - | 545.00 Mn |
| 7 | Apollo Global Management | 65.67 Bn | 3.35 Bn | 10.56 Bn | 2.88 Bn |
| 8 | Wheaton Precious Metals | 61.89 Bn | 57.32 Bn | 687.86 Mn | 649.52 Mn |
| 9 | Franco Nevada | 46.13 Bn | 43.49 Bn | 451.00 Mn | 482.50 Mn |
| 10 | Patria Investments | 1.63 Bn | 1.01 Bn | - | 31.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 31.44 Mn |
| Dec 31, 2025 | 39.77 Mn |
| Sep 30, 2025 | 65.90 Mn |
| Jun 30, 2025 | 76.87 Mn |
| Mar 31, 2025 | 100.07 Mn |
| Dec 31, 2024 | 25.94 Mn |
| Sep 30, 2024 | 68.41 Mn |
| Jun 30, 2024 | 9.67 Mn |
| Mar 31, 2024 | 41.94 Mn |
| Dec 31, 2023 | 39.44 Mn |
| Sep 30, 2023 | 45.35 Mn |
| Jun 30, 2023 | 42.66 Mn |
| Mar 31, 2023 | 29.27 Mn |
| Dec 31, 2022 | -9.30 Mn |
| Sep 30, 2022 | 56.43 Mn |
| Jun 30, 2022 | 7.66 Mn |
| Mar 31, 2022 | 26.27 Mn |
| Dec 31, 2021 | 28.04 Mn |
| Sep 30, 2021 | 47.84 Mn |
| Jun 30, 2021 | -2.88 Mn |
API Access
Patria Investments Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=PAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "PAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=PAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();