Patria Investments (PAX) Operating Expenses (2020 - 2026)
Patria Investments (PAX) posted Operating Expenses of -$15.0 million for Q1 2026, down 144.36% on a QoQ basis from $33.8 million in Q4 2025, and down 24.47% year-over-year from -$19.8 million in Q1 2025.
Analysis
Patria Investments (PAX) Operating Expenses (2020 - 2026) Analysis & Trends
Patria Investments has reported Operating Expenses for 7 years, with the latest figure at -$15.0 million in Q1 2026.
- On a quarterly basis, Operating Expenses fell 24.47% year-over-year to -$15.0 million in Q1 2026; TTM through Mar 2026 was -$4.7 million, a 56.2% decrease from a year earlier, with the FY2025 full-year figure at -$5.8 million, up 96.4% from the prior year.
- Operating Expenses was -$15.0 million for Q1 2026 at Patria Investments, down from $33.8 million in the prior quarter.
- The five-year high for Operating Expenses was $37.9 million in Q4 2022, with the low at -$15.2 million in Q3 2022.
- Average Operating Expenses over 5 years is -$1.1 million, with a median of -$11.2 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 349.01% in 2022 against a maximum downside of 389.98% in 2022.
- Over 5 years, Operating Expenses stood at $37.9 million in 2022, then dropped by 20.29% to $30.2 million in 2023, then advanced by 7.26% to $32.4 million in 2024, then grew by 4.21% to $33.8 million in 2025, then slumped by 144.36% to -$15.0 million in 2026.
- The last three Operating Expenses figures came in at -$15.0 million (Q1 2026), $33.8 million (Q4 2025), and -$11.9 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 100.29 Bn | 97.79 Bn | - | 2.38 Bn |
| 2 | Kkr | 90.29 Bn | -186.78 Bn | - | 5.41 Bn |
| 3 | Apollo Global Management | 75.67 Bn | 50.30 Bn | 10.54 Bn | 8.74 Bn |
| 4 | Brookfield Asset Management | 75.51 Bn | 74.01 Bn | - | 659.00 Mn |
| 5 | Wheaton Precious Metals | 68.40 Bn | 68.30 Bn | 687.86 Mn | 133.83 Mn |
| 6 | Franco Nevada | 50.19 Bn | 48.65 Bn | 451.00 Mn | 5.30 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | -14.94 Bn |
| 8 | Ares Management | 29.57 Bn | 29.57 Bn | - | 1.18 Bn |
| 9 | Carlyle | 15.41 Bn | 14.15 Bn | - | 875.90 Mn |
| 10 | Patria Investments | 1.72 Bn | 1.54 Bn | - | -14.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -14.99 Mn |
| Dec 31, 2025 | 33.79 Mn |
| Sep 30, 2025 | -11.86 Mn |
| Jun 30, 2025 | -11.68 Mn |
| Mar 31, 2025 | -12.05 Mn |
| Dec 31, 2024 | 32.43 Mn |
| Sep 30, 2024 | -12.22 Mn |
| Jun 30, 2024 | -11.20 Mn |
| Mar 31, 2024 | -9.19 Mn |
| Dec 31, 2023 | 30.23 Mn |
| Sep 30, 2023 | -11.50 Mn |
| Jun 30, 2023 | -10.17 Mn |
| Mar 31, 2023 | -8.95 Mn |
| Dec 31, 2022 | 37.93 Mn |
| Sep 30, 2022 | -15.16 Mn |
| Jun 30, 2022 | -14.70 Mn |
| Mar 31, 2022 | -9.44 Mn |
| Dec 31, 2021 | -15.23 Mn |
| Sep 30, 2021 | -3.09 Mn |
| Jun 30, 2021 | -3.78 Mn |