Pattern (PTRN)
Market Price (9/25/2026): $17.33 | Market Cap: $3.1 BilSector: Consumer Discretionary | Industry: Broadline Retail
Pattern (PTRN)
Market Price (9/25/2026): $17.33Market Cap: $3.1 BilSector: Consumer DiscretionaryIndustry: Broadline Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 44% Megatrend and thematic driversMegatrends include Artificial Intelligence, and Autonomous Technologies. Themes include AI Software Platforms, and Machine Learning. | Weak multi-year price returns2Y Excs Rtn is -20%, 3Y Excs Rtn is -59% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 212x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 23x, P/EPrice/Earnings or Price/(Net Income) is 120x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.1% Key risksPTRN key risks include [1] significant dependency on the Amazon marketplace, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 44% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Autonomous Technologies. Themes include AI Software Platforms, and Machine Learning. |
| Weak multi-year price returns2Y Excs Rtn is -20%, 3Y Excs Rtn is -59% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 212x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 23x, P/EPrice/Earnings or Price/(Net Income) is 120x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.1% |
| Key risksPTRN key risks include [1] significant dependency on the Amazon marketplace, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 9/24/2026
Pattern (PTRN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Significant insider selling by a major shareholder created downward pressure on the stock. A substantial sale of 9.2 million shares in a public offering by major shareholder Knox Lane LP in June 2026, totaling approximately $167 million, signaled a significant divestment by a key investor. Such a large-scale transaction can often be interpreted by the market as a lack of confidence, contributing to a negative sentiment despite other positive company developments.
2. The market reacted negatively to the fiscal Q2 2026 earnings report and updated full-year guidance, despite strong headline numbers. Pattern (PTRN) announced its fiscal Q2 2026 results for the period ended June 30, 2026, on August 5, 2026. The company reported diluted earnings per share of $0.15, beating analyst estimates of $0.12 by $0.03, and achieved record revenue of $877 million, representing a 47% year-over-year increase. Additionally, Pattern raised its full-year 2026 revenue guidance to a range of $3.4 billion to $3.5 billion and adjusted EBITDA guidance to approximately $211 million to $213 million. However, despite these strong results and an increased outlook, the stock declined by 6.5% the day following the announcement and continued to drift lower by 9.2% in the 40 days post-earnings. This suggests that market expectations might have been even higher, or that investors focused on other underlying concerns not fully addressed by the positive financial update.
Show more
Pattern (PTRN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Significant insider selling by a major shareholder created downward pressure on the stock. A substantial sale of 9.2 million shares in a public offering by major shareholder Knox Lane LP in June 2026, totaling approximately $167 million, signaled a significant divestment by a key investor. Such a large-scale transaction can often be interpreted by the market as a lack of confidence, contributing to a negative sentiment despite other positive company developments.
2. The market reacted negatively to the fiscal Q2 2026 earnings report and updated full-year guidance, despite strong headline numbers. Pattern (PTRN) announced its fiscal Q2 2026 results for the period ended June 30, 2026, on August 5, 2026. The company reported diluted earnings per share of $0.15, beating analyst estimates of $0.12 by $0.03, and achieved record revenue of $877 million, representing a 47% year-over-year increase. Additionally, Pattern raised its full-year 2026 revenue guidance to a range of $3.4 billion to $3.5 billion and adjusted EBITDA guidance to approximately $211 million to $213 million. However, despite these strong results and an increased outlook, the stock declined by 6.5% the day following the announcement and continued to drift lower by 9.2% in the 40 days post-earnings. This suggests that market expectations might have been even higher, or that investors focused on other underlying concerns not fully addressed by the positive financial update.
Show more
Updated on 9/24/2026
Pattern (PTRN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Significant insider selling by a major shareholder created downward pressure on the stock. A substantial sale of 9.2 million shares in a public offering by major shareholder Knox Lane LP in June 2026, totaling approximately $167 million, signaled a significant divestment by a key investor. Such a large-scale transaction can often be interpreted by the market as a lack of confidence, contributing to a negative sentiment despite other positive company developments.
2. The market reacted negatively to the fiscal Q2 2026 earnings report and updated full-year guidance, despite strong headline numbers. Pattern (PTRN) announced its fiscal Q2 2026 results for the period ended June 30, 2026, on August 5, 2026. The company reported diluted earnings per share of $0.15, beating analyst estimates of $0.12 by $0.03, and achieved record revenue of $877 million, representing a 47% year-over-year increase. Additionally, Pattern raised its full-year 2026 revenue guidance to a range of $3.4 billion to $3.5 billion and adjusted EBITDA guidance to approximately $211 million to $213 million. However, despite these strong results and an increased outlook, the stock declined by 6.5% the day following the announcement and continued to drift lower by 9.2% in the 40 days post-earnings. This suggests that market expectations might have been even higher, or that investors focused on other underlying concerns not fully addressed by the positive financial update.
3. Analyst concerns regarding long-term profitability and competitive landscape weighed on sentiment. Analysts have expressed concerns about Pattern Group's long-term profitability and sustainability, citing increasing competition and technological changes in the e-commerce market, particularly with the impact of generative search. These industry trends are expected to put pressure on variable costs, potentially affecting the company's margins. While the consensus analyst rating for PTRN remained a "Buy" or "Moderate Buy" with an average price target of $27.00, these underlying concerns about future competitive pressures and margin erosion likely contributed to investor apprehension and the stock's decline within the specified period.
Show less
Pattern (PTRN) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Significant insider selling by a major shareholder created downward pressure on the stock. A substantial sale of 9.2 million shares in a public offering by major shareholder Knox Lane LP in June 2026, totaling approximately $167 million, signaled a significant divestment by a key investor. Such a large-scale transaction can often be interpreted by the market as a lack of confidence, contributing to a negative sentiment despite other positive company developments.
2. The market reacted negatively to the fiscal Q2 2026 earnings report and updated full-year guidance, despite strong headline numbers. Pattern (PTRN) announced its fiscal Q2 2026 results for the period ended June 30, 2026, on August 5, 2026. The company reported diluted earnings per share of $0.15, beating analyst estimates of $0.12 by $0.03, and achieved record revenue of $877 million, representing a 47% year-over-year increase. Additionally, Pattern raised its full-year 2026 revenue guidance to a range of $3.4 billion to $3.5 billion and adjusted EBITDA guidance to approximately $211 million to $213 million. However, despite these strong results and an increased outlook, the stock declined by 6.5% the day following the announcement and continued to drift lower by 9.2% in the 40 days post-earnings. This suggests that market expectations might have been even higher, or that investors focused on other underlying concerns not fully addressed by the positive financial update.
3. Analyst concerns regarding long-term profitability and competitive landscape weighed on sentiment. Analysts have expressed concerns about Pattern Group's long-term profitability and sustainability, citing increasing competition and technological changes in the e-commerce market, particularly with the impact of generative search. These industry trends are expected to put pressure on variable costs, potentially affecting the company's margins. While the consensus analyst rating for PTRN remained a "Buy" or "Moderate Buy" with an average price target of $27.00, these underlying concerns about future competitive pressures and margin erosion likely contributed to investor apprehension and the stock's decline within the specified period.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -4.5% change in PTRN stock from 5/31/2026 to 9/24/2026 was primarily driven by a -17.9% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9242026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.79 | 17.94 | -4.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,735 | 3,013 | 10.2% |
| Net Income Margin (%) | 0.8% | 0.9% | 5.6% |
| P/E Multiple | 146.7 | 120.3 | -17.9% |
| Shares Outstanding (Mil) | 177 | 177 | 0.0% |
| Cumulative Contribution | -4.5% |
Market Drivers
5/31/2026 to 9/24/2026| Return | Correlation | |
|---|---|---|
| PTRN | -4.5% | |
| Market (SPY) | 1.7% | 26.0% |
| Sector (XLY) | -8.5% | 33.3% |
Fundamental Drivers
The 70.4% change in PTRN stock from 2/28/2026 to 9/24/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9242026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.53 | 17.94 | 70.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 3,013 | 0.0% |
| Net Income Margin (%) | � | 0.9% | 0.0% |
| P/E Multiple | � | 120.3 | 0.0% |
| Shares Outstanding (Mil) | 171 | 177 | -3.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2026 to 9/24/2026| Return | Correlation | |
|---|---|---|
| PTRN | 70.4% | |
| Market (SPY) | 12.4% | 25.5% |
| Sector (XLY) | -5.2% | 30.7% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/24/2026| Return | Correlation | |
|---|---|---|
| PTRN | ||
| Market (SPY) | 20.3% | 27.8% |
| Sector (XLY) | -4.1% | 29.3% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/24/2026| Return | Correlation | |
|---|---|---|
| PTRN | ||
| Market (SPY) | 76.8% | 27.8% |
| Sector (XLY) | 32.4% | 29.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PTRN Return | - | - | - | - | -26% | 68% | 24% |
| Peers Return | 12% | 7% | 12% | 37% | 51% | -16% | 131% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| PTRN Win Rate | - | - | - | - | 25% | 56% | |
| Peers Win Rate | 58% | 55% | 53% | 60% | 65% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| PTRN Max Drawdown | - | - | - | - | - | -40% | |
| Peers Max Drawdown | -31% | -26% | -30% | -22% | -24% | -33% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEE, CWEN, ORA, CEG, NRG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/24/2026 (YTD)
How Low Can It Go
PTRN has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.2% | -7.8% |
| % Gain to Breakeven | 12.6% | 8.5% |
| Time to Breakeven | 37 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.6% | -9.5% |
| % Gain to Breakeven | 15.8% | 10.5% |
| Time to Breakeven | 42 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.6% | -19.2% |
| % Gain to Breakeven | 24.4% | 23.8% |
| Time to Breakeven | 98 days | 105 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
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Asset Allocation
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PTRN has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.0% | -53.4% |
| % Gain to Breakeven | 104.3% | 114.4% |
| Time to Breakeven | 372 days | 1085 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Pattern (PTRN)
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David Wright, Chief Executive Officer
Mr. Wright is a co-founder of Pattern and has served as its Chief Executive Officer and as a member of its board of directors since the company's inception. From 2004 to 2015, he held various roles within a large non-profit organization, including director of enterprise information management and database team manager.
Jason Beesley, Chief Financial Officer
Mr. Beesley has served as Pattern's Chief Financial Officer since January 2021. From July 2007 to August 2020, he held various senior financial leadership roles at NBCUniversal, Inc., a multinational media and entertainment company, including most recently as chief financial officer of NBCUniversal International. Prior to that, Mr. Beesley held various finance roles at General Electric.
Melanie Alder, Co-Founder and Chief Strategy Officer
Ms. Alder is a co-founder of Pattern and has served as its Secretary and as a member of its board of directors since its inception. She served as Chief Operating Officer from January 2013 to May 2018, Chief Investment Officer from May 2018 to February 2024, and Chief Strategy Officer since February 2024.
Victoria Henderson Bowers, Chief Growth Officer and Chief of Staff to the CEO
Ms. Bowers drives global growth initiatives and partners with executive leadership to align strategy and execution. She brings over 20 years of experience leading e-commerce and omnichannel transformation at Fortune 500 and private equity–backed companies. Prior to joining Pattern, Ms. Bowers held senior leadership roles at Newell Brands and NBG Home, where she built and scaled digital sales strategies and teams across leading retail and marketplace channels.
Hugh Hinkson, Chief Commercial Officer
Mr. Hinkson leads global revenue growth as Chief Commercial Officer at Pattern. He brings extensive experience in e-commerce strategy, analytics, and consulting, having most recently served as VP of E-commerce for the Americas & Europe at Pattern. Before joining Pattern, he held strategic roles at One Click Retail (now Flywheel Digital), Groupon, and Sears Holdings.
AI Analysis | Feedback
The key risks to Pattern Group Inc. (PTRN) primarily stem from its significant reliance on a single major e-commerce platform and its concentrated brand partnerships, alongside the inherent regulatory and data challenges of its technology-driven model.
- High Dependence on Amazon and Concentrated Brand Partnerships: Pattern Group Inc. faces substantial risk due to its high dependence on Amazon, which contributed 93% of its revenue for the year ended December 31, 2025. The company's inventory purchases are also heavily concentrated within the health and wellness sector, accounting for 69% of total inventory purchases, with two brand partners each representing 17% of these purchases. This concentration makes Pattern highly vulnerable to any adverse changes in Amazon's policies, operational disruptions on the platform, or a deterioration in its relationships with these key brand partners.
- Regulatory and Data Risks: As a technology company that accelerates brands on global e-commerce marketplaces using proprietary technology, artificial intelligence, and extensive commerce data, Pattern Group Inc. is exposed to evolving regulatory and data risks. The company's annual report highlights "key regulatory, data and control risks." These risks could include changes in data privacy laws, new regulations concerning artificial intelligence, or shifts in marketplace policies regarding data access and utilization, all of which could impact Pattern's operations and profitability.
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Pattern (symbol: PTRN), also known as Pattern Group Inc., operates as an e-commerce accelerator, leveraging proprietary technology and AI to help brands expand their sales across global online marketplaces. The company's primary services involve acquiring inventory from brand partners and reselling these products to consumers on over 60 global marketplaces.
The addressable market for Pattern's services is the global e-commerce market. This market is estimated to be a $4 trillion ecosystem. It is projected to grow at a compound annual growth rate (CAGR) of 9.5% from 2025 to 2029.
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Here are 3-5 expected drivers of future revenue growth for Pattern (symbol: PTRN) over the next 2-3 years:
- Growth with Existing Brand Partners (Net Revenue Retention - NRR): Pattern Group consistently achieves high Net Revenue Retention (NRR), which was 124% in 2025. This indicates a strong ability to grow revenue from its current client base through increased sales and deeper engagement with its e-commerce acceleration platform. The company's guidance for 2026 implies continued success with existing brand partners.
- Expansion to New Brand Partners: The company has demonstrated growth from acquiring new brand partners, with new brand partner revenue increasing 22% year-over-year in 2025. Pattern's future outlook includes continued traction in adding new brand partners to its platform.
- International Expansion: Pattern is experiencing significant growth in its international operations, with international revenue increasing by 63% for the full year 2025 and 69% in the fourth quarter of 2025. The company currently operates across more than 60 marketplaces in over 100 countries, indicating a continued focus on broadening its global reach.
- Marketplace Diversification and Social Commerce Growth: Pattern is actively reducing its dependency on Amazon by expanding its presence and revenue generation across other e-commerce marketplaces. Non-Amazon revenue grew 60% in 2025 and 94% in Q4 2025. The company's platform supports various marketplaces including Walmart.com, Target.com, eBay, Tmall, JD, and TikTok Shop. The recent acquisition of a TikTok commerce agency, NextWave, further highlights Pattern's strategy to capture the high-growth social commerce trend.
- Leveraging Proprietary Technology and AI: Pattern emphasizes the ongoing impact of its proprietary technology, artificial intelligence, and large-scale commerce data in accelerating brands. The company's financial outlook attributes past revenue growth to "technology optimizations" and "new product expansions," suggesting continued investment and innovation in its platform to enhance brand performance and drive sales.
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Capital Expenditures
- Pattern Group Inc. focuses on significant investment in research and development for growth, with $24.6 million invested in R&D during Q3 2025.
Peer Outperformance in Broadline Retail
nullShare of Broadline Retail constituents that PTRN has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
100%
of 16 industry peers · 33.3% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Broadline Retail is PTRN's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -16.0% | 78.1% | 68.3% | LINC 279% · PRDO 222% · CVSA 221% |
| Homebuilding | 18 | -9.1% | 33.5% | 50.2% | GRBK 217% · PHM 161% · TOL 139% |
| Specialty Stores | 7 | 5.4% | 46.3% | 14.2% | SIG 33% · ASO 19% · FIVE 15% |
| Home Improvement Retail | 5 | -26.7% | -5.8% | -1.7% | HVT 10% · LOW 0% · HD -2% |
| Hotels, Resorts & Cruise Lines | 22 | 14.9% | 42.9% | -2.6% | RCL 173% · MAR 140% · HLT 134% |
| Automotive Retail | 18 | -21.3% | -2.6% | -7.6% | MUSA 223% · PAG 120% · ORLY 107% |
| Distributors | 4 | -12.2% | -26.1% | -14.0% | ARMK 139% · GPC 21% · LKQ -49% |
| Home Furnishings | 4 | -8.5% | 20.6% | -17.3% | SGI 33% · LZB 1% · MHK -35% |
| Footwear | 10 | 54.8% | 47.6% | -18.2% | WEYS 174% · DECK 21% · SHOO 18% |
| Specialized Consumer Services | 10 | -19.0% | 12.5% | -18.9% | HRB 97% · FTDR 70% · SCI 38% |
| Restaurants | 35 | -8.5% | -13.9% | -23.8% | EAT 300% · CAKE 139% · BH-A 103% |
| Leisure Products | 13 | -25.5% | -21.6% | -40.7% | GOLF 73% · HAS 12% · MCFT -20% |
| Casinos & Gaming | 21 | -16.4% | -22.3% | -41.5% | MCRI 96% · RRR 29% · BYD 17% |
| Household Appliances | 18 | -7.0% | 0.3% | -42.2% | FLXS 206% · HBB 169% · KEQU 159% |
| Automotive Parts & Equipment | 38 | -16.9% | -16.0% | -42.3% | MOD 1632% · GTX 263% · CAAS 83% |
| Apparel Retail | 26 | -4.9% | 16.1% | -42.7% | ANF 236% · URBN 134% · ROST 114% |
| Apparel, Accessories & Luxury Goods | 28 | -9.4% | 6.9% | -43.6% | RL 231% · TPR 223% · ELA 212% |
| Leisure Facilities | 11 | -21.6% | -8.5% | -44.8% | OSW 130% · JAKK 117% · ESCA 22% |
| Computer & Electronics Retail | 3 | -4.7% | 41.6% | -45.9% | BBY 10% · GME -46% · UPBD -65% |
| Broadline Retail ← | 15 | -8.8% | 14.6% | -57.2% | DDS 304% · EBAY 61% · AMZN 46% |
| Automobile Manufacturers | 8 | -78.3% | -51.6% | -72.5% | GM 61% · TSLA 46% · F 25% |
| Consumer Electronics | 11 | -15.3% | -18.3% | -75.1% | AXIL 2253% · GRMN 89% · SONO -50% |
| Other Specialty Retail | 18 | -35.9% | -45.4% | -79.7% | TLF 106% · BBW 64% · WINA 58% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Pattern Stock Slides 24% With A 7-Day Losing Spree | 07/25/2026 | |
| Pattern Stock Pre-Market (+8.3%): Reports Q4 Beat, Initiates $100M Share Buyback | 03/06/2026 | |
| Pattern Earnings Notes | 12/16/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 84.08 |
| Mkt Cap | 13.2 |
| Rev LTM | 15,857 |
| Op Inc LTM | 1,157 |
| FCF LTM | 312 |
| FCF 3Y Avg | 492 |
| CFO LTM | 1,286 |
| CFO 3Y Avg | 855 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 19.4% |
| Rev Chg 3Y Avg | 6.8% |
| Rev Chg Q | 17.6% |
| QoQ Delta Rev Chg LTM | 3.8% |
| Op Inc Chg LTM | 18.3% |
| Op Inc Chg 3Y Avg | 9.5% |
| Op Mgn LTM | 14.6% |
| Op Mgn 3Y Avg | 14.3% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 18.5% |
| CFO/Rev 3Y Avg | 36.6% |
| FCF/Rev LTM | 2.3% |
| FCF/Rev 3Y Avg | 3.8% |
Price Behavior
Price Behavior
| Market Price | $17.94 | |
| Market Cap ($ Bil) | 3.2 | |
| First Trading Date | 02/23/2007 | |
| Distance from 52W High | -39.0% | |
| 50 Days | 200 Days | |
| DMA Price | $15.37 | $14.52 |
| DMA Trend | up | down |
| Distance from DMA | 16.7% | 23.6% |
| 3M | 1YR | |
| Volatility | 57.3% | 70.8% |
| Downside Capture | 328.24 | 165.61 |
| Upside Capture | 162.87 | 169.41 |
| Correlation (SPY) | 39.6% | 28.8% |
PTRN Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.80 | 1.90 | 0.97 | 1.07 | -0.19 | -0.15 |
| Up Beta | 0.43 | 1.43 | 0.43 | 0.82 | 0.38 | -0.23 |
| Down Beta | -2.41 | -0.08 | -0.19 | 1.94 | -0.26 | -0.13 |
| Up Capture | 175% | 138% | 196% | 179% | 193% | 18% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 8 | 13 | 28 | 67 | 115 | 115 |
| Down Capture | 526% | 359% | 137% | 22% | 129% | 72% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 13 | 29 | 35 | 59 | 121 | 121 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PTRN | |
|---|---|---|---|---|
| PTRN | 28.2% | 70.7% | 0.64 | - |
| Sector ETF (XLY) | -6.7% | 19.5% | -0.48 | 29.4% |
| Equity (SPY) | 16.7% | 13.0% | 0.92 | 28.6% |
| Gold (GLD) | 13.1% | 29.3% | 0.42 | 10.8% |
| Commodities (DBC) | 45.1% | 20.7% | 1.71 | -3.6% |
| Real Estate (VNQ) | 3.7% | 13.7% | 0.01 | 8.2% |
| Bitcoin (BTCUSD) | -24.8% | 44.8% | -0.51 | 25.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PTRN | |
|---|---|---|---|---|
| PTRN | 2.8% | 71.2% | 0.48 | - |
| Sector ETF (XLY) | 4.5% | 24.1% | 0.15 | 29.3% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 27.8% |
| Gold (GLD) | 19.0% | 18.8% | 0.82 | 9.8% |
| Commodities (DBC) | 10.6% | 19.6% | 0.42 | -3.4% |
| Real Estate (VNQ) | 0.7% | 18.9% | -0.07 | 8.1% |
| Bitcoin (BTCUSD) | 12.0% | 52.6% | 0.41 | 26.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PTRN | |
|---|---|---|---|---|
| PTRN | 1.4% | 71.2% | 0.48 | - |
| Sector ETF (XLY) | 12.1% | 22.2% | 0.50 | 29.3% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 27.8% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | 9.8% |
| Commodities (DBC) | 8.5% | 18.1% | 0.39 | -3.4% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 8.1% |
| Bitcoin (BTCUSD) | 63.7% | 66.2% | 1.03 | 26.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Insider Activity
Updated 9/3/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kl, Pattern Holdings LP | See footnote | Sell | 6232026 | 18.14 | 9,200,000 | 166,934,000 | 344,329,355 | Form | |
| 2 | Mather, Ann | Direct | Sell | 6032026 | 20.21 | 3,755 | 75,889 | 790,413 | Form | |
| 3 | Mather, Ann | Direct | Sell | 5182026 | 16.51 | 5,301 | 87,520 | 520,214 | Form | |
| 4 | Kl, Pattern Holdings LP | See footnote | Buy | 9262025 | 12.47 | 200,000 | 2,493,080 | 351,231,867 | Form | |
| 5 | Kl, Pattern Holdings LP | See footnote | Buy | 9262025 | 13.38 | 102,256 | 1,367,899 | 374,247,798 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kl, Pattern Holdings LP | See footnote | Sell | 6232026 | 18.14 | 9,200,000 | 166,934,000 | 344,329,355 | Form | |
| 2 | Mather, Ann | Direct | Sell | 6032026 | 20.21 | 3,755 | 75,889 | 790,413 | Form | |
| 3 | Mather, Ann | Direct | Sell | 5182026 | 16.51 | 5,301 | 87,520 | 520,214 | Form | |
| 4 | Kl, Pattern Holdings LP | See footnote | Buy | 9262025 | 12.47 | 200,000 | 2,493,080 | 351,231,867 | Form | |
| 5 | Kl, Pattern Holdings LP | See footnote | Buy | 9262025 | 13.38 | 102,256 | 1,367,899 | 374,247,798 | Form | |
| 6 | Gay, Daniel | KSV Pattern, LLC | Sell | 9242025 | 13.02 | 1,010,887 | 13,161,749 | 37,738,548 | Form | |
| 7 | Gay, Daniel | KSV Pattern II, LLC | Sell | 9242025 | 13.02 | 289,113 | 3,764,251 | 10,799,764 | Form | |
| 8 | Wright, David K | Chief Executive Officer | Wright Irrevocable Trust | Sell | 9242025 | 13.02 | 5,694,671 | 74,144,616 | 589,770,586 | Form |
| 9 | Wright, David K | Chief Executive Officer | Alder Irrevocable Trust | Sell | 9242025 | 13.02 | 3,719,615 | 48,429,387 | 383,029,977 | Form |
Pattern — Investor Video Playlist
Leadership
Are Agents the New Consumer? Dave Wright Accelerate26 Breakout Session
Products & Services
The Launch of Pattern Intelligence (Pi) with Dave Wright
Leadership
Traditional ROAS models are Broken with Dave Wright | Accelerate 26
Leadership
The State of Ecommerce with John LeBaron | Accelerate 26
Products & Services
How do we make smarter ad decisions at Pattern?
Products & Services
Pattern PXM — PIM Demo
Products & Services
Pattern DTC Warehouse Demo
Leadership
Pattern Unboxed: Episode 11 - A conversation with Dave Wright
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Broadline Retail Resources |
| Chain Store Age |
| RetailWire |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/24/2026