Ridgepost Capital (RPC) AI Stock Analysis

• Market Cap: $801.58M
• Dividend Yield: 1.48%
• Average Volume (3M): 826.34K
• Price to Earnings (P/E): 59.1
• Beta (1Y): 1.48
• Revenue Growth: 9.77%
• EPS Growth: 26.76%
• Country: US
• Employees: 267
• Sector: Financial
• Sector Strength: 70
• Industry: Investment - Banking & Investment Services
• EPS (TTM): 0.26
• Shares Outstanding: 78,241,280
• 10 Day Avg. Volume: 983,986
• 30 Day Avg. Volume: 826,338
• PEG Ratio: 0.00
• Price to Book (P/B): 3.28
• Price to Sales (P/S): 3.88
• P/FCF Ratio: 63.65
• Enterprise Value/Market Cap: 1.18
• Enterprise Value/Revenue: 3.19
• Enterprise Value/Gross Profit: 6.16
• Enterprise Value/Ebitda: 9.99
• 1Y Price Target: $18.00
• Price Target Upside: 145.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 1.09
• Revenue Forecast (FY): $350.54M

• Rating: 51 Neutral
• Price Target: $7.00 ▼(-4.37% Downside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

The score is held back primarily by weaker and more volatile cash generation alongside rising leverage, plus a bearish technical setup with the stock trading below major moving averages. A relatively optimistic earnings-call outlook (fundraising/AUM growth and margin targets) provides support, but valuation remains demanding given the high P/E and modest yield.

Positive Factors

AUM & Fundraising Growth

Sustained, organic fee-paying AUM growth and record fundraising broaden the recurring revenue base and create durable fee tailwinds. Growing AUM increases fee revenue scalability, supports cross-selling and distribution leverage, and underpins management's multi-year target to double fee-paying AUM to $50B by 2029.

High Fee-Related Margins

Robust FRE margins and expanding fee-related revenue indicate a high-margin, asset-management style business that naturally converts scale into durable profitability. Management's mid-40s margin guidance for 2026 and long-term ~50% goal imply sustained operating leverage as AUM and recurring fees grow.

Strategic M&A & Distribution

Targeted acquisitions and distribution wins diversify products, geographies, and client channels, accelerating scalable AUM growth. Accretive deals like Stellus and platform distribution (CAIS, Europe, Dubai) structurally increase fee-paying assets and reduce dependency on any single market or product.

Negative Factors

Weak & Volatile Cash Flow

A sharp step-down in operating cash flow and poor cash conversion ratio suggest earnings quality and working-capital sensitivity. Volatile cash generation undermines the firm's ability to reliably fund buybacks, dividends, debt reduction and investments, increasing financing and execution risk over the medium term.

Elevated Leverage & Modest Liquidity

Rising leverage and a small cash buffer constrain balance-sheet flexibility, increase refinancing and covenant risk, and limit the firm's capacity to absorb integration costs or market stress. Planned debt paydown after acquisitions creates near-term reliance on cash generation or external funding.

Earnings Volatility & Modest Net Margins

Modest net margins and episodic declines driven by timing of catch-up fees, step-downs/expirations, and business-mix sensitivity make earnings and distributable cash less predictable. This volatility complicates planning, raises execution risk for margin targets, and can strain investor confidence during cycles.

Ridgepost Capital Business Overview & Revenue Model

Company Description

P10, Inc. engages in the provision of private market solutions in the alternative asset management industry. It focuses on long-term value creation in opportunities where it sees significant potential for sustainable profit growth. The company was founded 1992 and is headquartered in Dallas, TX.

Ridgepost Capital Financial Statement Overview

Summary

Income statement shows strong multi-year revenue growth and solid recent EBIT margins (~20–22%), but net margins are modest (~6–7%) with volatility (loss in 2023). Balance sheet leverage has risen (debt-to-equity ~1.15 in 2025), and cash flow is the key drag with a sharp 2025 operating cash flow step-down and weak cash conversion versus net income.

Income Statement

Revenue scaled materially over 2020–2024 (from ~$67M to ~$296M), but 2025 was essentially flat/slightly down. Profitability is mixed: operating profitability has been fairly solid in recent years (2024–2025 EBIT margin ~20–22%), yet net profit margins remain modest (~6–7%) and were negative in 2023, highlighting earnings volatility. The sharp improvement in reported gross margin in 2025 versus 2024 suggests results may be sensitive to business mix and/or one-time effects.

Balance Sheet

Leverage has moved higher over time, with debt-to-equity rising to ~1.15 in 2025 (from ~0.58 in 2021), reducing balance sheet flexibility. Equity has grown since 2020, but returns on equity are modest in 2024–2025 (~5–6%) and were negative in 2023, indicating inconsistent bottom-line performance. Overall, the balance sheet looks workable but increasingly debt-supported.

Cash Flow

Cash generation weakened meaningfully in 2025: operating cash flow fell to ~$23M (from ~$101M in 2024) and free cash flow declined ~20% year over year. Cash flow covered net income less comfortably in 2025 (operating cash flow to net income ~0.29), suggesting earnings quality and/or working-capital timing headwinds. The prior year (2024) showed much stronger cash conversion, so the key concern is the volatility and sharp step-down in the most recent period.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	297.35M	296.45M	241.73M	198.36M	150.53M
Gross Profit	153.71M	141.13M	87.45M	104.06M	95.78M
EBITDA	94.87M	91.83M	48.69M	72.32M	56.59M
Net Income	19.50M	18.70M	-7.13M	29.21M	10.77M
Balance Sheet
Total Assets	928.30M	869.27M	834.07M	826.36M	676.22M
Cash, Cash Equivalents and Short-Term Investments	28.15M	67.45M	30.47M	20.02M	40.92M
Total Debt	402.88M	340.37M	310.12M	307.78M	228.20M
Total Liabilities	524.84M	482.38M	408.91M	392.48M	281.05M
Stockholders Equity	351.36M	347.00M	385.59M	393.14M	395.16M
Cash Flow
Free Cash Flow	18.11M	96.59M	46.22M	60.21M	48.86M
Operating Cash Flow	22.99M	100.97M	47.69M	61.67M	49.02M
Investing Cash Flow	-42.75M	-5.80M	-2.25M	-98.59M	-47.40M
Financing Cash Flow	-19.67M	-59.11M	-42.87M	22.93M	29.08M

Ridgepost Capital Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RPC, the sentiment is Negative. The current price of 7.32 is below the 20-day moving average (MA) of 7.99, below the 50-day MA of 9.41, and below the 200-day MA of 10.41, indicating a bearish trend. The MACD of -0.61 indicates Positive momentum. The RSI at 29.18 is Positive, neither overbought nor oversold. The STOCH value of 9.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RPC.

Ridgepost Capital Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CSWC	72 Outperform	$1.29B	9.68	11.18%	11.90%	25.28%	-1.69%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GSBD	66 Neutral	$1.02B	8.99	8.03%	17.34%	-16.58%	65.24%
TRIN	66 Neutral	$1.18B	7.49	14.09%	13.53%	33.44%	25.22%
NMFC	61 Neutral	$784.28M	59.29	1.29%	14.17%	36.15%	-38.59%
VRTS	55 Neutral	$839.75M	8.05	15.07%	5.41%	-3.07%	18.00%
RPC	51 Neutral	$801.58M	59.10	5.70%	1.48%	9.77%	26.76%