Company research
Pattern Group Inc.
CIK 1811935Updated Nov 6, 2026
SecurityPTRN · NASDAQ · equity
Name history
Covalent Group, Inc. · through May 15, 2020
PTRN price & chart
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Seeking Alpha
Pattern Group Inc. 2026 Q3 - Results - Earnings Call Presentation ↗
Pattern forecasts Q4 revenue of $965M-$985M as it raises full-year outlook to about $3.5B ↗
SEC disclosures
Pattern Group Inc. files final prospectus (424B4) ↗
Recent filings
10-Q filing
Financial Statements and Exhibits
Items 9.01
4 filing
10-Q filing
Financial Statements and Exhibits
Items 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| AssetsUSD | 843,109,000Source | — | 1,072,598,000Source | — | 967,196,000Source | — | 947,639,000Source | 664,422,000Source |
| Property, Plant and Equipment, NetUSD | 39,320,000Source | — | 53,740,000Source | — | 46,417,000Source | — | 41,087,000Source | 35,035,000Source |
| GoodwillUSD | 25,938,000Source | — | 37,841,000Source | — | 37,841,000Source | — | 37,769,000Source | 25,938,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 3,509,000Source | — | 13,856,000Source | — | 15,294,000Source | — | 16,694,000Source | 6,906,000Source |
| Current assets: | ||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 312,803,000Source | — | 345,830,000Source | — | 344,222,000Source | — | 289,049,000Source | 175,615,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 106,139,000Source | — | 207,720,000Source | — | 141,279,000Source | — | 177,214,000Source | 106,926,000Source |
| Inventory, NetUSD | 268,892,000Source | — | 318,298,000Source | — | 299,750,000Source | — | 294,737,000Source | 264,103,000Source |
| Assets, CurrentUSD | 718,085,000Source | — | 893,940,000Source | — | 807,481,000Source | — | 792,575,000Source | 558,082,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 30,251,000Source | — | 22,092,000Source | — | 22,230,000Source | — | 31,575,000Source | 11,438,000Source |
| Operating Lease, Right-of-Use AssetUSD | 28,598,000Source | — | 48,910,000Source | — | 28,898,000Source | — | 28,164,000Source | 27,877,000Source |
| Other Assets, NoncurrentUSD | 27,659,000Source | — | 24,311,000Source | — | 31,265,000Source | — | 31,350,000Source | 10,584,000Source |
| LIABILITIES AND EQUITY | ||||||||
| LiabilitiesUSD | 301,736,000Source | — | 426,966,000Source | — | 357,508,000Source | — | 366,644,000Source | 285,097,000Source |
| Stockholders’ equity: | ||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | — | — | — | — | — | 0Source | 86,000Source |
| Additional Paid in CapitalUSD | 542,309,000Source | — | 559,802,000Source | — | 551,333,000Source | — | 551,648,000Source | 2,764,000Source |
| Retained Earnings (Accumulated Deficit)USD | 0Source | — | 85,434,000Source | — | 57,935,000Source | — | 28,722,000Source | 106,855,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,112,000Source | — | 219,000Source | — | 243,000Source | — | 448,000Source | -985,000Source |
| Stockholders' Equity Attributable to ParentUSD | 541,373,000Source | 93,695,000Source | 645,632,000Source | 155,078,000Source | 609,688,000Source | 131,518,000Source | 580,995,000Source | 108,724,000Source |
| Liabilities and EquityUSD | 843,109,000Source | — | 1,072,598,000Source | — | 967,196,000Source | — | 947,639,000Source | 664,422,000Source |
| Current liabilities: | ||||||||
| Liabilities, CurrentUSD | 279,022,000Source | — | 380,119,000Source | — | 329,502,000Source | — | 338,542,000Source | 257,699,000Source |
| Operating Lease, Liability, CurrentUSD | 9,649,000Source | — | 10,401,000Source | — | 9,027,000Source | — | 8,826,000Source | 8,030,000Source |
| Accounts Payable, CurrentUSD | 217,404,000Source | — | 300,258,000Source | — | 263,861,000Source | — | 274,977,000Source | 211,558,000Source |
| Operating Lease, Liability, NoncurrentUSD | 21,363,000Source | — | 40,909,000Source | — | 22,044,000Source | — | 22,009,000Source | 22,095,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | — | — | — | — | 3,567,000Source | 418,000Source |
| Other Liabilities, NoncurrentUSD | 1,351,000Source | — | 5,938,000Source | — | 5,962,000Source | — | 6,093,000Source | 5,303,000Source |
| Additional Financial Items | ||||||||
| Accounts Receivable, after Allowance for Credit LossUSD | 106,139,000Source | — | 207,720,000Source | — | 141,279,000Source | — | 177,214,000Source | 106,926,000Source |
| Accrued Liabilities, CurrentUSD | 49,187,000Source | — | 67,098,000Source | — | 54,445,000Source | — | 53,818,000Source | 37,845,000Source |
| Dividends PayableUSD | 0Source | — | — | — | — | — | 0Source | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | 3,100,000Source | — | — | 5,418,000Source | 4,045,000Source | 16,800,000Source | 14,811,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 7,941,000Source | 0Source | 97,288,000Source | 0Source |
| Changes in operating assets and liabilities: | ||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | -35,937,000Source | -22,715,000Source | 67,715,000Source | 30,811,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 5,440,000Source | -21,930,000Source | 29,034,000Source | 73,219,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | -11,100,000Source | -27,612,000Source | 62,382,000Source | 86,471,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -19,298,000Source | -1,271,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 72,581,000Source | 48,400,000Source | 99,406,000Source | 70,347,000Source |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | — | — | 19,296,000Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -9,263,000Source | -5,228,000Source | -39,770,000Source | -20,438,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 9,263,000Source | 5,228,000Source | 20,482,000Source | 20,450,000Source |
| Cash flows from financing activities: | ||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 4,638,000Source | 0Source | 80,999,000Source | 0Source |
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 3,618,000Source | 0Source | 0Source | 2,901,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -8,256,000Source | 0Source | 53,711,000Source | -2,901,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | — | — | -319,000Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 55,173,000Source | 43,165,000Source | 113,434,000Source | 48,382,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 312,803,000Source | 183,711,000Source | 345,830,000Source | 215,253,000Source | 344,222,000Source | 218,780,000Source | 289,049,000Source | 175,615,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 18,468,000Source | 21,345,000Source |
| Additional Financial Items | ||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | — | 10,744,000Source | 0Source | 7,941,000Source | 0Source | 97,288,000Source | 0Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 2,500,000Source | 3,100,000Source |
| Dividends PayableUSD | — | — | 0Source | — | — | — | — | — | 0Source | — |
| General and Administrative ExpenseUSD | — | — | 177,936,000Source | 86,124,000Source | 165,073,000Source | 103,692,000Source | 145,748,000Source | 100,076,000Source | 523,060,000Source | 338,508,000Source |
| GoodwillUSD | — | — | 25,938,000Source | — | 37,841,000Source | — | 37,841,000Source | — | 37,769,000Source | 25,938,000Source |
| Income Tax Expense (Benefit)USD | — | — | -32,232,000Source | 5,164,000Source | 10,039,000Source | 8,068,000Source | 12,330,000Source | 7,962,000Source | -17,040,000Source | 23,379,000Source |
| InterestExpenseNonoperatingUSD | — | — | — | — | — | — | — | — | 231,000Source | 98,000Source |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | 7,653,000Source | 6,164,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -59,059,000Source | 14,196,000Source | 27,499,000Source | 23,781,000Source | 29,213,000Source | 22,802,000Source | 16,246,000Source | 67,856,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -222,990,000Source | 8,243,000Source | 27,499,000Source | 16,437,000Source | 29,213,000Source | 15,646,000Source | -156,607,000Source | 42,491,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 9,300,000Source | 7,100,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -291,000Source | -8,000Source | -197,000Source | 32,000Source | -282,000Source | -161,000Source | -946,000Source | -2,013,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 135,029,000Source | 0Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 639,655,000Source | 439,395,000Source | 876,773,000Source | 598,150,000Source | 773,727,000Source | 540,406,000Source | 2,501,315,000Source | 1,796,161,000Source |
| Cost of RevenueUSD | — | — | 356,132,000Source | 248,959,000Source | 492,410,000Source | 341,333,000Source | 433,494,000Source | 304,600,000Source | 1,410,869,000Source | 1,014,812,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — |
| Operating Income (Loss)USD | — | — | -60,179,000Source | 17,654,000Source | 35,536,000Source | 30,129,000Source | 39,571,000Source | 29,408,000Source | 25,406,000Source | 87,182,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -291,000Source | -8,000Source | -197,000Source | 32,000Source | -282,000Source | -161,000Source | -946,000Source | -2,013,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | -794,000Source | 91,235,000Source |
| Income Tax Expense (Benefit)USD | — | — | -32,232,000Source | 5,164,000Source | 10,039,000Source | 8,068,000Source | 12,330,000Source | 7,962,000Source | -17,040,000Source | 23,379,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -59,059,000Source | 14,196,000Source | 27,499,000Source | 23,781,000Source | 29,213,000Source | 22,802,000Source | 16,246,000Source | 67,856,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -2.19Source | 0.09Source | 0.16Source | 0.18Source | 0.17Source | 0.17Source | -1.36Source | 0.47Source |
| Earnings Per Share, DilutedUSD per share | — | — | -2.19Source | 0.09Source | 0.15Source | 0.18Source | 0.16Source | 0.17Source | -1.36Source | 0.47Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 101,747,000Source | 90,773,000Source | 176,923,000Source | 90,591,000Source | 176,839,000Source | 90,591,000Source | 114,998,000Source | 90,769,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 101,747,000Source | 90,773,000Source | 181,194,000Source | 90,591,000Source | 179,458,000Source | 90,591,000Source | 114,998,000Source | 90,769,000Source |
| Interest Expense (non-operating)USD | — | — | — | — | — | — | — | — | 231,000Source | 98,000Source |
| Additional Financial Items | ||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | 2,500,000Source | 3,100,000Source |
| Costs and ExpensesUSD | — | — | 699,834,000Source | 421,741,000Source | 841,237,000Source | 568,021,000Source | 734,156,000Source | 510,998,000Source | 2,475,909,000Source | 1,708,979,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 2,258,000Source | 24,650,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 3,700,000Source | 3,100,000Source | 4,400,000Source | 3,400,000Source | 4,000,000Source | 3,400,000Source | 14,300,000Source | 11,800,000Source |
| General and Administrative ExpenseUSD | — | — | 177,936,000Source | 86,124,000Source | 165,073,000Source | 103,692,000Source | 145,748,000Source | 100,076,000Source | 523,060,000Source | 338,508,000Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | -91,291,000Source | 19,360,000Source | 37,538,000Source | 31,849,000Source | 41,543,000Source | 30,764,000Source | -794,000Source | 91,235,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 12,513,000Source | 98,640,000Source |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | 7,653,000Source | 6,164,000Source |
| Marketing and Advertising ExpenseUSD | — | — | — | — | — | — | — | — | 37,200,000Source | 20,900,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -222,990,000Source | 8,243,000Source | 27,499,000Source | 16,437,000Source | 29,213,000Source | 15,646,000Source | -156,607,000Source | 42,491,000Source |
| Operating Lease, ExpenseUSD | — | — | — | — | — | — | — | — | 9,300,000Source | 7,100,000Source |
| Research and Development ExpenseUSD | — | — | 24,584,000Source | 4,071,000Source | 12,953,000Source | 6,455,000Source | 11,188,000Source | 5,643,000Source | 46,293,000Source | 17,987,000Source |
| Selling and Marketing ExpenseUSD | — | — | 141,182,000Source | 82,587,000Source | 170,801,000Source | 116,541,000Source | 143,726,000Source | 100,679,000Source | 495,687,000Source | 337,672,000Source |
| Interest Income (Expense), Nonoperating, Net | — | — | —Source | —Source | —Source | —Source | —Source | —Source | — | — |
Offerings
Registration 333-296775
- Gross proceeds
- 152000000.0
- Net proceeds
- 145160000.0
- Deal price
- 19.0
- Shares
- 8000000
- Offering price
- $19.00
- Ticker
- PTRN
Underwriters: J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Evercore Group L.L.C., Jefferies LLC, BMO Capital Markets Corp., KeyBanc Capital Markets Inc., Needham & Company, LLC, Stifel, Nicolaus & Company, Incorporated, William Blair & Company, L.L.C.