The company maintains a healthy capital structure with a debt-to-equity ratio of 0.05 and a robust cash position of $344.2 million as of 2026Q1.
| Total Current Assets | 807.48M | 792.58M | 558.08M | 404.94M |
| Cash & Short-Term Investments | 344.22M | 289.05M | 175.62M | 127.23M |
| Cash Only | 344.22M | 289.05M | 175.62M | 127.23M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 141.28M | 177.21M | 106.93M | 76.11M |
| Days Sales Outstanding | 18.15 | 25.86 | 21.73 | 20.33 |
| Inventory | 299.75M | 294.74M | 264.1M | 190.88M |
| Days Inventory Outstanding | 65.77 | 75.35 | 94.99 | 91.05 |
| Other Current Assets | 22.23M | 31.57M | 11.44M | 10.71M |
| Total Non-Current Assets | 159.72M | 155.06M | 106.34M | 85.98M |
| Property, Plant & Equipment | 75.31M | 69.25M | 62.91M | 43.01M |
| Fixed Asset Turnover | 39.50x | 36.12x | 28.55x | 31.77x |
| Goodwill | 37.84M | 37.77M | 25.94M | 25.94M |
| Intangible Assets | 15.29M | 16.69M | 6.91M | 9.96M |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 31.27M | 31.35M | 2.61M | 393K |
| Total Assets | 967.2M | 947.64M | 664.42M | 490.92M |
| Asset Turnover | 3.15x | 2.64x | 2.70x | 2.78x |
| Asset Growth % | 44.57% | 42.63% | 35.34% | - |
| Total Current Liabilities | 329.5M | 338.54M | 257.7M | 156.64M |
| Accounts Payable | 263.86M | 274.98M | 211.56M | 124.69M |
| Days Payables Outstanding | 57.31 | 70.3 | 76.09 | 59.48 |
| Short-Term Debt | 9.03M | 8.83M | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 56.61M | 54.74M | 266K | 236K |
| Current Ratio | 2.45x | 2.34x | 2.17x | 2.59x |
| Quick Ratio | 1.54x | 1.47x | 1.14x | 1.37x |
| Cash Conversion Cycle | 26.6 | 30.91 | 40.63 | 51.91 |
| Total Non-Current Liabilities | 28.01M | 28.1M | 27.4M | 21.28M |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 85.18M | 22.01M | 22.09M | 13.05M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.96M | 6.09M | 5.3M | 8.23M |
| Total Liabilities | 357.51M | 366.64M | 285.1M | 177.92M |
| Total Debt | 31.07M | 30.84M | 30.13M | 19.1M |
| Net Debt | -313.15M | -258.21M | -145.49M | -108.13M |
| Debt / Equity | 0.05x | 0.05x | 0.08x | 0.06x |
| Debt / EBITDA | 0.58x | 0.73x | 0.30x | 0.29x |
| Net Debt / EBITDA | -5.83x | -6.12x | -1.43x | -1.67x |
| Interest Coverage | - | - | 931.97x | 1708.30x |
| Total Equity | 609.69M | 581M | 379.32M | 313M |
| Equity Growth % | 51.62% | 53.17% | 21.19% | - |
| Book Value per Share | 3.40 | 3.29 | 2.22 | 1.83 |
| Total Shareholders' Equity | 609.69M | 581M | 379.32M | 313M |
| Common Stock | 177K | 177K | 4K | 4K |
| Retained Earnings | 57.94M | 28.72M | 106.86M | 39M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 243K | 448K | -985K | -2.35M |
| Minority Interest | 0 | 0 | 0 | 0 |
Inventory-driven liquidity volatility
As reported in recent financial statements, Pattern Group's total assets grew from $669.0 million in 2025Q1 to $967.2 million by 2026Q1, a trend that suggests the company is aggressively scaling its inventory-heavy distribution model while maintaining a relatively stable liability profile over the same period.
The expansion of the asset base appears to be driven by the company's commitment to its principal-based model, which necessitates higher inventory levels to support top-line growth. Investors should monitor whether this asset accumulation translates into sustainable market share or if it merely reflects an increasing reliance on capital-intensive inventory cycles.
Based on the provided quarterly data, Pattern Group maintains a conservative capital structure with a debt-to-equity ratio consistently near 0.05, indicating that the company has successfully avoided significant financial leverage despite the capital-intensive nature of its global inventory-based distribution business model.
The minimal debt load suggests that the company is currently funding its growth through equity rather than credit markets, which provides a buffer against rising interest rates. However, this reliance on equity may lead to future dilution if the company requires additional capital to sustain its high-velocity inventory model.
According to the latest quarterly filings, Pattern Group holds $344.2 million in cash as of 2026Q1, representing a significant increase from the $218.8 million reported in 2025Q1, which suggests the company is prioritizing liquidity to manage the inherent volatility of its principal-based inventory model.
The current ratio of 2.45 indicates a healthy ability to cover short-term obligations, providing a necessary cushion against potential supply chain disruptions or marketplace fulfillment fee spikes. This liquidity position appears essential given the company's thin operating margins and the need to fund inventory purchases ahead of consumer demand.
As evidenced by the fluctuation in retained earnings, which swung from $153.4 million in 2025Q2 to zero in 2025Q3, the company's balance sheet is highly sensitive to inventory-related write-downs, suggesting that headline equity figures may be more volatile than they appear on a quarterly basis.
The absence of deferred revenue on the balance sheet implies that the company does not benefit from the predictable cash flow typical of SaaS models, leaving it fully exposed to the risks of unsold inventory. Investors should be wary that the reported equity could be subject to sudden downward revisions if seasonal demand fails to materialize as expected.
Quick answers to the most common questions about buying PTRN stock.
As of 2025, Pattern Group Inc. Series A Common Stock (PTRN) had total assets of $947.6M including $792.6M in current assets.
Pattern Group Inc. Series A Common Stock (PTRN) carries total debt of $30.8M, offset by $289.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Pattern Group Inc. Series A Common Stock (PTRN) has total shareholders' equity (book value) of $581.0M ($3.29 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Pattern Group Inc. Series A Common Stock (PTRN) reported a current ratio of 2.34x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.