PTRN earnings analysis
What we found in PTRN's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Pattern Group Inc. exceeded Q1 2026 expectations with revenues of $773.7 million and EPS of $0.16, reflecting a substantial 43.2% increase year-over-year. The company has upgraded its full-year revenue growth guidance to 32-33%, driven by strong performance in international markets and existing brand partnerships, as evidenced by an impressive Net Revenue Retention Rate of 127%.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Impressive Revenue Growth
- Q1 2026 revenue reached $773.7 million, up 43.2% from $540.4 million in Q1 2025.
- Earnings Beat Expectations
- EPS for Q1 2026 was $0.16, exceeding the projected $0.10, representing a 60% surprise.
- Strong NRR of 127%
- Company's net revenue retention rate improved to 127%, highlighting enhanced customer relationships.
- Increased Full-Year Revenue Guidance
- Full-year revenue growth guidance raised to 32-33%, up from 25-26% previously.
- Operating Income Growth
- Operating income improved to $39.6 million in Q1 2026, up from $29.4 million in Q1 2025.
- Robust Cash Flow Generation
- Operating cash flow was $72.6 million in Q1 2026, compared to $48.4 million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Market Volatility Concerns
- The geopolitical landscape, including rising gas prices, may adversely affect operations.
- Share Repurchase Program Risks
- New risk added regarding share repurchase program potentially impacting liquidity and stock volatility.
- Increasing Operational Costs
- R&D and administrative expenses increased significantly, with operations growing by 45.6% compared to prior year.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.16
- Gross margin
- 44.0%
- Operating margin
- 5.1%
- Segment
- Amazon revenue +38% YoY
- Segment
- Non-Amazon revenue +119% YoY
- Segment
- International revenue +101% YoY
What they said about what is next.
2026 full-year revenue guidance updated to $3.29 billion - $3.33 billion, previously $3.12 billion - $3.15 billion.
The filing reads better than the one before it.
What came before.
- 10-K · March 6, 2026
- Pattern Group's 10-K emphasizes a data- and AI-driven ecommerce acceleration platform built on scale (more than 66 trillion historical data points, presence in 70+ marketplaces and 100+ countries) and strong partner…
- 10-Q · November 6, 2025
- Pattern Group reported Q3 2025 revenue of $639,655 (in thousands), up materially from $439,395 in Q3 2024, while gross margin ticked up to 44.3% but operating margin swung to a loss of -9.4% and GAAP diluted EPS was…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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