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Ridgepost Capital (RPC) investor relations material
Ridgepost Capital Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 Fee-Related Revenue was $88.9M (+17% YoY), Fee-Related Earnings were $43.0M (+19%) at a 48% margin, and Adjusted Net Income was $32.3M (+13%).
FPAUM reached $35.2B at September 30, up 21% YoY; total AUM exceeded $50B.
Fundraising and deployment totaled $1.3B in Q3 and ~$4.5B in 9M 2026, a year-to-date record; cross-sells contributed ~$1.7B to fundraising since June 2024.
Financial highlights
Q3 revenue was $88.9M (+17% YoY), operating expenses were $63.5M (-3%), and operating income was $25.5M (+138%).
Q3 Adjusted Net Income was $32.3M versus $28.6M; fully diluted ANI per share was $0.25.
GAAP net income was $12.9M versus $3.0M; net income attributable to common stockholders was $9.9M versus $2.1M, with diluted EPS of $0.09 versus $0.02.
9M revenue was $244.9M (+13%), operating income $62.8M (+58%), and net income $31.1M (+161%).
9M Fee-Related Revenue was $244.7M (+13%), Fee-Related Earnings $114.7M (+12%), Adjusted Net Income $86.2M (+10%), and operating cash flow $75.1M.
Outlook and guidance
2026 core fee rate is expected at 103 bps; direct and secondary catch-up fees are forecast at $6M-$8M for FY 2026.
Full-year 2026 FRE margin is expected to be similar to 2025; management said margins had troughed after 9M margin held steady YoY.
Aggregate gross fundraising and deployment target is $10B for 2026-27; FPAUM target is $50B by year-end 2029.
Fundraising pipeline remained strong into Q4, with ~15 funds in market; no large Q4 fee step-downs or expirations are expected, and annual step-downs remain forecast at 5%-7%.
Stellus's next fund family and TrueBridge's next flagship vintage are expected to launch in 2027; the TrueBridge vintage is expected in early 2027.
- AUM exceeded $50B, net income doubled, and Stellus acquisition boosted private credit growth.RPC
Q2 2026 - Unified, data-driven platform targets $50B AUM by 2029 and global middle market expansion.RPC
Morgan Stanley US Financials Conference 2026 - Fee-paying AUM hit $31B, up 18% YoY, with record fundraising and Stellus acquisition announced.RPC
Q1 2026 - Proxy covers director elections, executive pay, auditor ratification, and governance practices.RPC
Proxy filing - Record fundraising, 15% AUM growth, and global expansion offset lower adjusted earnings.RPC
Q4 2025 - Focused on middle-market growth, client expansion, and global M&A, with strong execution and innovation.RPC
Barclays 23rd Annual Global Financial Services Conference - Targets $50B+ fee-paying AUM by 2029 through organic growth, M&A, and a FRE-centric model.RPC
Investor Day 2024 - Q2 2024 revenue up 14% to $71.1M, FPAUM at $23.8B, and net income up to $7.4M.RPC
Q2 2024 - Record revenue, AUM growth, and capital returns in 2024 set up strong 2025 momentum.RPC
Q4 2024
Next Ridgepost Capital earnings date
Next Ridgepost Capital earnings date
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