PTRN

Company Overview — What Does Pattern Group Inc. Do?

At Pattern, we are on a mission to help brands accelerate profitable growth on global ecommerce marketplaces. Today, our proprietary technology and on-demand experts operate across more than 60 marketplaces to increase product sales to consumers in more than 100 countries. Utilizing more than 46 trillion data points and sophisticated machine learning and artificial intelligence (“AI”) models, we strive to optimize and automate key levers of ecommerce growth, including advertising, content creation and management, pricing, forecasting and customer service. The result is a powerful platform that allows brands to navigate the complexity of operating on global ecommerce marketplaces at scale. --- We believe that one of the best ways to monetize our technology and expertise is by purchasing products from our brand partners(1) and selling those products to consumers on global marketplaces. We generate the substantial majority of our revenue from consumer product sales on global ecommerce marketplaces. This model results in a more seamless, low-friction relationship that is familiar to our brand partners and allows Pattern maximum control over the customer experience, including content, pricing, logistics and customer service. In our experience, this business model aligns Pattern’s and our brand partners’ incentives toward maximizing growth. Importantly, transacting directly with consumers also allows us to accumulate comprehensive marketplace data, perform real-time testing and build more powerful predictive models. As a result of the advantages of our platform and business model, our revenue growth outpaced the growth of the ecommerce segment by a multiple of 5.9x over the last four years. As the pioneer of ecommerce acceleration, Pattern defines what it means to be an ecommerce accelerator: a platform that combines proprietary technology and on-demand expertise. Given the complexities that consumer brands face in scaling and accelerating global ecommerce, we have organized our platform around a simple and intuitive formula, which we call the ecommerce equation: Revenue = TRAFFIC X CONVERSION X PRICE X AVAILABILITY We have built a powerful ecommerce acceleration platform (“EXP,” or “our technology”) which is powered by AI and machine learning to execute thousands of optimizations daily and drive this equation across tens of thousands of products on marketplaces around the world. These optimizations include automated adjustments and recommendations powered by a massive flow of ecommerce data. We have gathered more than 46 trillion data points to date comprised of keyword, shipping, advertising, sales, market share, click, social, conversion, customer service and other data, a figure which grows by more than 100 billion data points each week on average. Today, our software, with a combined total of 29 issued patents and patents pending, is supported by approximately 400 software engineers, data scientists and other technology professionals who are dedicated to enhancing and innovating upon our technology to further increase our capabilities. We believe our data and technology provide a competitive advantage and will continue to differentiate our platform from alternative solutions. We believe ecommerce complexity cannot currently be solved without the right combination of sophisticated technology and on-demand expertise, and that it is unlikely to be solved in the near future by technology alone. We have a team that offers differentiated, comprehensive, on-demand expertise and capabilities across marketplace management, marketing, fulfillment and brand protection on a global basis. Our brand partners trust our industry experts with everything from day-to-day ad campaign management and creative execution to strategic decisions, such as what product categories have the most potential or which global markets to enter. Our operational experts also help brand partners access our worldwide fulfillment network, utilizing our proprietary Warehouse Management System (“WMS”) to deliver efficient and scalable volume to marketplaces and, in some cases, directly to consumers across the globe. Leveraging our technology, our in-house industry experts deliver data-driven outcomes efficiently across all aspects of the ecommerce equation. Today, we sell tens of thousands of products from more than 200 brands across different industries and geographies including the Americas, Europe, Australia and Asia. Our current brand partners’ industry presence includes health and wellness, beauty and personal care, home and lifestyle, pet, sports and outdoors and consumer electronics. We have developed and maintained, and continue to develop and maintain, strong and long-lasting brand partner relationships. For the year ended December 31, 2024, approximately 87% of our revenue was attributable to brand partners that have been with Pattern for more than twelve months, whom we refer to as existing brand partners. More than 48% of our revenue was attributable to brand partners that have been with Pattern for more than five years. For the year ended December 31, 2024, our Net Revenue Retention Rate (“NRR”), which measures revenue attributable to existing brand partners across comparable periods, was 116%. We believe that we benefit from a powerful flywheel effect supporting our growth at scale: the more data we collect, the more accurate our insights become and the faster we accelerate brand partners. As our brand partners grow and we attract new brand partners, the more efficient our operations become and the more we can invest in technology. We use our technology and data advantage to identify high-potential new brand partners and leverage a targeted, efficient go-to market approach to bring them onto our platform, further fueling our flywheel. At the same time, our average cost to serve our brand partners globally as a percentage of revenue has decreased over the past three years. As we continue to scale, we expect continued improvement, and we plan to share these savings with our brand partners while we continue to invest in our platform. (1) We define brand partners as the consumer packaged goods companies with whom we contract. We were incorporated in 2018 under the name Covalent Group, Inc. as a Utah corporation and subsequently converted to a Delaware corporation in 2020. Our wholly-owned subsidiary, Pattern Inc., was incorporated in 2013 as a Utah corporation named iServe Products, Inc. In 2019, iServe Products, Inc. changed its name to Pattern Inc. In November 2024, Covalent Group, Inc. changed its name to Pattern Group Inc. Our principal executive offices are located in Lehi, UT. Pattern Group Inc. (PTRN) is classified as a mid-cap stock in the Consumer Discretionary sector, specifically within the Retail industry. The company is led by CEO David Wright and employs approximately 2,100 people, headquartered in LEHI, Utah. With a market capitalization of $2.2B, PTRN is one of the notable companies in the Consumer Discretionary sector.

Pattern Group Inc. (PTRN) Stock Rating — Hold (April 2026)

As of April 2026, Pattern Group Inc. receives a Hold rating with a composite score of 36.0/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.PTRN ranks #1,921 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, Pattern Group Inc. ranks #178 of 442 stocks, placing it in the upper half of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

PTRN Stock Price and 52-Week Range

Pattern Group Inc. (PTRN) currently trades at $12.58. The stock lost $0.22 (1.7%) in the most recent trading session. The 52-week high for PTRN is $20.10, which means the stock is currently trading -37.4% from its annual peak. The 52-week low is $8.92, putting the stock 41.0% above its annual trough. Recent trading volume was 292K shares, suggesting relatively thin trading activity.

Is PTRN Overvalued or Undervalued? — Valuation Analysis

Pattern Group Inc. (PTRN) carries a value factor score of 44/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The price-to-book ratio stands at 3.66x, versus the sector average of 1.99x. The price-to-sales ratio is 0.21x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, PTRN trades at 13.40x EV/EBITDA, versus 4.91x for the sector.

Overall, PTRN's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

Pattern Group Inc. Profitability — ROE, Margins, and Quality Score

Pattern Group Inc. (PTRN) earns a quality factor score of 40/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 11.2%, compared to the Consumer Discretionary sector average of 6.2%, which is within a healthy range. Return on assets (ROA) comes in at 6.9% versus the sector average of 2.5%.

On a margin basis, Pattern Group Inc. reports gross margins of 43.6%, compared to 36.9% for the sector. The operating margin is 1.0% (sector: 3.8%). Net profit margin stands at 0.7%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at 45.6% on a trailing basis, compared to 3.3% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

PTRN Debt, Balance Sheet, and Financial Health

Pattern Group Inc. has a debt-to-equity ratio of 63.0%, compared to the Consumer Discretionary sector average of 89.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.34x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $313M.

PTRN has a beta of 2.08, meaning it is more volatile than the broader market — a $10,000 investment in PTRN would be expected to move 108.0% more than the S&P 500 on any given day. The stability factor score for Pattern Group Inc. is 25/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Pattern Group Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Pattern Group Inc. reported revenue of $2.50B and earnings per share (EPS) of $-1.36. Net income for the quarter was $16M. Gross margin was 43.6%. Operating income came in at $25M.

In FY 2025, Pattern Group Inc. reported revenue of $2.50B and earnings per share (EPS) of $-1.36. Net income for the quarter was $16M. Gross margin was 43.6%. Operating income came in at $25M.

In Q3 2025, Pattern Group Inc. reported revenue of $640M and earnings per share (EPS) of $-2.19. Net income for the quarter was $-59M. Gross margin was 44.3%. Operating income came in at $-60M.

PTRN Dividend Yield and Income Analysis

Pattern Group Inc. (PTRN) does not currently pay a dividend. This is common among smaller companies in the Retail industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Consumer Discretionary dividend stocks may want to explore other Consumer Discretionary stocks or use the stock screener to filter by dividend yield.

PTRN Momentum and Technical Analysis Profile

Pattern Group Inc. (PTRN) has a momentum factor score of 35/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 39/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

PTRN vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison

Within the Consumer Discretionary sector, Pattern Group Inc. (PTRN) ranks #178 out of 442 stocks based on the Blank Capital composite score. This places PTRN in the upper half of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.

Comparing PTRN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PTRN vs S&P 500 (SPY) comparison to assess how Pattern Group Inc. stacks up against the broader market across all factor dimensions.

PTRN Next Earnings Date

No upcoming earnings date has been announced for Pattern Group Inc. (PTRN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy PTRN? — Investment Thesis Summary

Pattern Group Inc. presents a balanced picture with arguments on both sides. Momentum is weak at 35/100, a headwind for near-term performance. High volatility (stability score 25/100) increases portfolio risk.

In summary, Pattern Group Inc. (PTRN) earns a Hold rating with a composite score of 36.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PTRN stock.

Related Resources for PTRN Investors

Explore more research and tools: PTRN vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare PTRN head-to-head with peers: PTRN vs MCRI, PTRN vs CASY, PTRN vs IMKTA.