| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 773.73 | 43.2% |
| Total Income | 773.73 | 43.2% |
| Expenditure | 734.16 | 43.7% |
| PBT | — | |
| Net Profit | 29.21 | 28.1% |
| OPM | 5.11% | 0.33pp |
| NPM | 3.78% | 0.44pp |
| EPS | 0.17 | 0.0% |
Pattern Group Reports Record Q1 2026 Revenue of $774M, Up 43% YoY
07 May 2026 · 7 May, 1:38 am
Summary
Pattern Group Inc. reported strong financial results for the first quarter ended March 31, 2026, with record revenues of $774 million, a 43% increase year-over-year. The company's Net Revenue Retention Rate also reached a record 127%. Net income for the quarter was $29 million, up 28% year-over-year. The company is raising its full year outlook and now expects revenue in the range of $3.29 to $3.33 billion, representing 32% to 33% growth year over year, and Adjusted EBITDA in the range of $199 to $201 million, representing 30% to 32% growth year over year.
Key Highlights
- 1
Pattern Group's first quarter revenue reached a record $774 million, representing a 43% increase year over year.
- 2
The company achieved a record Net Revenue Retention Rate (NRR) of 127%, up from 115% in the prior year.
- 3
Revenue not attributable to Amazon reached a record $71 million, reflecting a 119% increase year over year.
- 4
International revenue totaled $90 million, marking a 101% increase year over year.
- 5
Net income increased by 28% year over year to $29 million, with diluted earnings per share of $0.16.
- 6
Adjusted EBITDA (non-GAAP) amounted to $54 million, representing a 59% increase year over year.
- 7
Net cash provided by operating activities for the trailing twelve months ended March 31, 2026, was $124 million, up 57% year over year.
Management Comments
Dave Wright
"Our Q1 results demonstrate the compounding power of our model at scale," said Dave Wright, Co-Founder and CEO of Pattern. "Revenue grew 43%, NRR reached a record 127%, and both international and non-Amazon revenue more than doubled year over year. As brands deepen their engagement with Pattern and our data advantage grows, their growth accelerates." "Ecommerce is being reshaped by AI, and we believe this will accelerate global ecommerce penetration while making the landscape increasingly complex for brands. Pattern is built to help brands navigate that complexity and win. Our results are a clear indication that in the midst of a rapidly changing landscape, we are executing successfully at scale. We continue to make strong progress on our technology roadmap and underlying data architecture, and our platform is making us faster and more effective for the brands we serve. Our technology, data, and global scale are compounding, and we enter the rest of 2026 with momentum, a durable model, and a clear view of where ecommerce is going and how Pattern wins in it," said Wright.
Jason Beesley
"We delivered $774 million in revenue and $54 million in adjusted EBITDA, meaningful outperformance driven by broad-based strength across existing brand partners," said Jason Beesley, Chief Financial Officer. "We are raising our full year outlook and now expect revenue in the range of $3.29 to $3.33 billion, representing 32% to 33% growth year over year, and Adjusted EBITDA in the range of $199 to $201 million, representing 30% to 32% growth year over year. Our balance sheet is strong, free cash flow is growing, and the financial profile of this business continues to improve. We are operating from a position of strength heading into the rest of 2026."
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