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Pattern Group Inc. (PTRN) Stock Analysis

Technology

Pattern Group Inc.

$18.97

+$0.75 (+4.12%)

Last Updated: May 26, 2026

Price History

Analysis

Company Overview

Pattern Group Inc. operates as an ecommerce accelerator that leverages proprietary technology and on-demand expertise to support consumer brands across various ecommerce marketplaces, while also acquiring inventory from brand partners to sell directly to consumers in industries such as health and wellness. The company functions within the Technology sector and specifically within the Software - Application industry, positioning it as a provider of digital infrastructure and services rather than a traditional hardware manufacturer. As of the latest reporting period, the company holds a market capitalization of $2.22B and generates annual revenue of $2.50B, supported by an employee base of 2300. These valuation and revenue figures indicate that Pattern Group Inc. occupies a significant position in the ecommerce technology space, commanding a substantial market value relative to its current sales output.

Financial Health

The company reported revenue of $2.50B over the trailing twelve months, alongside a net income of $-156,607,008 and an EBITDA of $42.21M, revealing a distinct gap between top-line growth and bottom-line profitability that highlights a complex cost structure where operating expenses exceed net earnings. Despite the negative net income, the business generates positive free cash flow of $68.33M, which provides essential financial flexibility to fund operations, invest in technology, or manage working capital without relying solely on external financing. The company's margins reflect this dynamic financial state, with a gross margin of 43.6% indicating healthy pricing power and cost control on sales, an operating margin of 3.6% suggesting high operating leverage or significant overhead absorption, and a profit margin of 0.6% showing the final impact of all expenses on earnings. On the balance sheet, Pattern Group Inc. maintains $289.05M in cash against $30.84M in debt, resulting in a debt-to-equity ratio of 5.31, which suggests a leveraged capital structure where equity is the primary source of funding rather than debt. Liquidity is robust, evidenced by a current ratio of 2.34, which indicates that the company possesses more than double the current assets necessary to cover its short-term liabilities. Return metrics show a return on equity of 3.4% and a return on assets of 2.0%, figures that reveal management effectiveness in generating returns relative to the shareholder equity and total asset base utilized.

Valuation Assessment

Valuation metrics present a mixed picture, with a forward P/E of 19.00 and a trailing P/E of N/A, implying that the market is pricing in future earnings recovery rather than relying on current historical profitability for valuation. The price-to-book ratio stands at 3.39, indicating that the market values the company at a significant premium over its tangible book value, likely reflecting expectations of intangible assets or future growth potential. Alternative valuation measures include a price-to-sales ratio of 0.89 and an EV/EBITDA of 40.71, suggesting that while the company trades at less than one dollar of sales per share, the enterprise value relative to earnings before interest, taxes, depreciation, and amortization remains elevated at 40.71 times. Regarding trading range, the 52-week high is $20.10 and the 52-week low is $8.92, providing a clear band within which the stock has traded over the past year. The beta is N/A, which means volatility data relative to the broader market is not currently available to determine the stock's sensitivity to market swings.

Growth & Income

Growth dynamics are aggressive, with revenue growth reaching 40.3% year-over-year and earnings growth at 24.4% year-over-year, indicating that earnings are growing at a slower rate than revenue, which often occurs when a company is expanding its cost base or reinvesting heavily to capture market share. The company does not pay dividends, as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which means the firm reinvests all available earnings directly into business operations and growth initiatives rather than distributing cash to shareholders. This reinvestment strategy aligns with the company's focus on scaling its ecommerce accelerator model and acquiring inventory for direct-to-consumer sales. Overall, the growth and income profile is defined by rapid top-line expansion and zero dividend distribution, prioritizing capital allocation toward organic growth and market penetration over immediate shareholder cash returns.

Peer Comparison

Pattern Group Inc. (PTRN) operates in the Software - Application industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Pattern Group Inc. PTRN $3.62B N/A
SAP SE SAP $206.49B 24.1
Shopify Inc. SHOP.TO $188.02B 102.8
Salesforce, Inc. CRM $146.50B 22.9

The Software - Application industry average P/E ratio is 45.6x. Pattern Group Inc. trades at a P/E of N/A.

This analysis is AI-generated for informational purposes only and should not be considered financial advice. Data may be delayed or inaccurate. Always do your own research and consult a qualified financial advisor before making investment decisions.

About Pattern Group Inc.

Pattern Group Inc. operates as an e-commerce accelerator that combines proprietary technology and on-demand expertise to support consumer brands operating across e-commerce marketplaces in the United States and internationally. The company acquires inventory from brand partners to sell to consumers in various industries, including health and wellness; beauty and personal care; home and lifestyle; pet; sports and outdoors; and consumer electronics. The company was formerly known as Covalent Group, Inc. and changed its name to Pattern Group Inc. in November 2024. Pattern Group Inc. was incorporated in 2018 and is headquartered in Lehi, Utah.

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Key Statistics

Market Cap
$3.62B
P/E Ratio
N/A
52-Week High
$20.10
52-Week Low
$8.92
Avg Volume
1.05M

Data provided by Yahoo Finance via yfinance. Updated daily.

Company Info

Exchange
NASDAQ
Country
United States
Employees
2,300