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Pattern Group (PTRN) investor relations material
Pattern Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Achieved record Q3 2025 revenue of $640 million, up 46% year-over-year, marking the first quarter as a public company.
Net Revenue Retention (NRR) reached a record 122%, up from 113% in the prior year.
Adjusted EBITDA rose to $41.1 million, up 88% year-over-year, with margin improving to 6.4% from 5.0%.
Net loss for Q3 2025 was $59 million, primarily due to $92 million in stock-based compensation and IPO-related taxes; net loss attributable to common stockholders was $223 million, including a $164 million non-cash deemed dividend from Series B Preferred Stock conversion.
Completed IPO in September 2025, raising $135 million net of fees and expenses, with all preferred stock converted to common stock.
Financial highlights
Q3 2025 revenue was $640 million, up 46% year-over-year; adjusted EBITDA was $41 million, up 88%.
Non-Amazon revenue grew 81% year-over-year to $47.1 million, now 7.4% of total revenue.
International revenue rose 72% year-over-year to $53 million, representing 8.3% of total revenue.
Free cash flow for the last twelve months was $71 million, up from $49 million a year ago; operating cash flow was $92 million, up 39% year-over-year.
GAAP net loss was $59 million, including IPO-related charges; net income attributable to shareholders was -$223 million due to one-time dividend adjustments.
Outlook and guidance
Q4 2025 revenue expected between $680 million and $700 million, 32%-36% year-over-year growth.
Q4 adjusted EBITDA guidance is $38 million-$40 million, 44%-48% year-over-year growth.
Full-year 2025 revenue expected at $2,460–$2,480 million, with adjusted EBITDA of $148–$150 million (6.0% margin).
Continued investment in AI-driven technology, automation, and go-to-market expansion.
Sufficient liquidity is anticipated for at least the next twelve months, supported by cash, operations, and a $150 million undrawn credit facility.
Pattern's data moat for agentic commerce
Future NRR expectations after 122% record
EBITDA margin impact from non-Amazon mix
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Next Pattern Group earnings date
Q4 202518 Feb, 2026
Next Pattern Group earnings date
Q4 202518 Feb, 2026
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