Ridgepost Capital, Inc. (RPC)
NYSE:RPC
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Ridgepost Capital
(NYSE:RPC)
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Rating:68Neutral
Price Target:
$9.00
â–²(14.65% Upside)
Action:Reiterated
Date:06/24/26
The score is driven primarily by solid financial performance (recovered profitability and healthy recent free cash flow) and a constructive earnings-call outlook (AUM, fee growth, and margin expansion targets). These positives are tempered by higher leverage and historical volatility, weak-to-neutral technicals versus longer-term moving averages, and a relatively expensive P/E despite a modest dividend yield.
Positive Factors
Strong AUM growth
Sustained AUM growth to ~$31B provides durable scale for fee revenue and product distribution. A growing base increases recurring management fees, strengthens bargaining power with investors and distribution partners, and supports long-term fee compounding toward the $50B target, improving revenue predictability and strategic optionality.
Negative Factors
Increased leverage
Higher leverage (debt-to-equity ~1.15) constrains financial flexibility and raises interest and refinancing exposure, particularly if markets tighten. Elevated debt levels reduce ability to pursue opportunistic M&A or absorb shocks, and increase the importance of steady cash generation to meet servicing and covenant requirements over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong AUM growth
Sustained AUM growth to ~$31B provides durable scale for fee revenue and product distribution. A growing base increases recurring management fees, strengthens bargaining power with investors and distribution partners, and supports long-term fee compounding toward the $50B target, improving revenue predictability and strategic optionality.
Read all positive factors
Ridgepost Capital (RPC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$848.50M
Dividend Yield1.48%
Average Volume (3M)362.59K
Price to Earnings (P/E)36.3
Beta (1Y)1.51
Revenue Growth2.25%
EPS Growth30.88%
CountryUS
Employees267
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)0.21
Shares Outstanding78,219,910
10 Day Avg. Volume357,222
30 Day Avg. Volume362,590
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.28
Price to Sales (P/S)3.88
P/FCF Ratio63.65
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue3.33
Enterprise Value/Gross Profit5.28
Enterprise Value/Ebitda9.78
Forecast
1Y Price Target
$13.50Price Target Upside71.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.03
Revenue Forecast (FY)$345.95M
Ridgepost Capital Business Overview & Revenue Model
Company Description
P10, Inc. operates within the alternative asset management industry, specializing in delivering private market solutions. The firm's strategy is centered on cultivating long-term value by identifying opportunities that demonstrate significant pote...
How the Company Makes Money
RPC generates revenue primarily through management fees charged as a percentage of assets under management (AUM) from its clients. In addition, the firm earns performance-based fees, or 'carried interest,' which are contingent on generating profit...
Ridgepost Capital Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call emphasized multiple clear operating and financial positives: record fundraising and deployment (~$2B), fee-paying AUM crossing $30B (~$31B, +18% YoY), solid fee revenue growth (~$75M, +11% YoY), healthy FRE margin (44%) and a durable, long‑dated LP base. The announced Stellus acquisition adds scale, fee density and appears modestly accretive. The primary negatives were industry-level headwinds (public valuation pressure, redemption focus), some near‑term redemption volatility in Stellus' private BDC, pending deal close and an expected rise in cash tax obligations. Overall, highlights materially outweigh the lowlights.Positive Updates
Fee-Paying AUM Milestone and Growth
Fee-paying assets under management crossed $30 billion for the first time and ended the quarter at approximately $31 billion, representing 18% year-over-year growth and a 16% CAGR since June 2024 toward a $50 billion 2029 target.
Negative Updates
Industry Headwinds: Public Valuation Pressure and Redemption Focus
Broader alternative asset management industry faced negative headlines around software/AI disruption in private credit, public market valuation impacts and elevated redemption requests. Management noted Ridgepost has little direct exposure but acknowledged these are sector-level risks.
Read all updates
Q1-2026 Updates
Positive
Negative
Fee-Paying AUM Milestone and Growth
Fee-paying assets under management crossed $30 billion for the first time and ended the quarter at approximately $31 billion, representing 18% year-over-year growth and a 16% CAGR since June 2024 toward a $50 billion 2029 target.
Read all positive updates
Company Guidance
Guidance from the call emphasized continued AUM and margin growth: fee‑paying AUM was about $31B at quarter end (up ~18% YoY and a 16% CAGR since June 2024) with a long‑term target of $50B by end‑2029; Q1 fundraising and deployment hit a record ≈$2B (19 funds in market, with TrueBridge contributing ≈$1B and private equity ≈$872M); Amanda reiterated a full‑year 2026 core fee rate target of 103 bps (Q1 core fee 97 bps; LTM 103 bps) and FRE margins expected in the mid‑40s for 2026 (Q1 FRE margin ~44%) with expansion toward near‑50% over the next few years (excluding acquisitions); Q1 fee‑related revenue was ≈$75M (+11% YoY), Q1 cash tax rate was 2.5% (higher in Q2; expect to become a federal taxpayer in 2026), dividend raised to $0.04/share (payable Jun 18, 2026), and $6M of share repurchases (701k shares at $8.55 avg) with $15M remaining; on Stellus, expected mid‑2026 close, Stellus had $3.8B AUM ($2.6B fee‑paying AUM), ~120 bps weighted avg management fee, ~$775M Fund IV close, ~$450M dry powder, ~$400M private BDC (~15% of Stellus fee AUM) with redemptions 1.0% in 2025 (2.9%/3.0% in Q1/Q2), and a 1.1% annualized default rate / 14 bps annualized loss rate since inception—management expects the deal (≈$250M upfront ≈12x 2025 FRE, $125M cash + ~11.8M units) to be modestly accretive to FRE margin and ANI (with ~$2M annual tax savings).Ridgepost Capital Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 304.70M | 297.35M | 296.45M | 241.73M | 198.36M | 150.53M |
| Gross Profit | 192.25M | 153.71M | 141.13M | 87.45M | 104.06M | 95.78M |
| EBITDA | 103.82M | 94.87M | 91.83M | 48.69M | 72.32M | 56.59M |
| Net Income | 23.47M | 19.50M | 18.70M | -7.13M | 29.21M | 10.77M |
Balance Sheet | ||||||
| Total Assets | 909.73M | 928.30M | 869.27M | 834.07M | 826.36M | 676.22M |
| Cash, Cash Equivalents and Short-Term Investments | 29.94M | 28.15M | 67.45M | 30.47M | 20.02M | 40.92M |
| Total Debt | 404.07M | 402.88M | 340.37M | 310.12M | 307.78M | 228.20M |
| Total Liabilities | 506.42M | 524.84M | 482.38M | 408.91M | 392.48M | 281.05M |
| Stockholders Equity | 351.24M | 351.36M | 347.00M | 385.59M | 393.14M | 395.16M |
Cash Flow | ||||||
| Free Cash Flow | 40.74M | 18.11M | 96.59M | 46.22M | 60.21M | 48.86M |
| Operating Cash Flow | 44.80M | 22.99M | 100.97M | 47.69M | 61.67M | 49.02M |
| Investing Cash Flow | -41.93M | -42.75M | -5.80M | -2.25M | -98.59M | -47.40M |
| Financing Cash Flow | -48.56M | -19.67M | -59.11M | -42.87M | 22.93M | 29.08M |
Ridgepost Capital Technical Analysis
Negative
7.85
Price Trends
8.10
Negative
8.05
Negative
9.20
Negative
Market Momentum
-0.11
Positive
41.81
Neutral
14.44
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 7.85 is below the 20-day moving average (MA) of 8.09, below the 50-day MA of 8.10, and below the 200-day MA of 9.20, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 41.81 is Neutral, neither overbought nor oversold. The STOCH value of 14.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RPC.
Ridgepost Capital Risk Analysis
Ridgepost Capital disclosed 50 risk factors in its most recent earnings report. Ridgepost Capital reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ridgepost Capital Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.53B | 8.27 | 14.73% | 13.53% | 4.03% | -16.92% | |
69 Neutral | $1.44B | 11.52 | 11.68% | 11.90% | 55.92% | 35.62% | |
68 Neutral | $848.50M | 36.28 | 6.78% | 1.48% | 2.25% | 30.88% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $986.15M | 8.57 | 12.75% | 5.41% | -6.49% | 0.51% | |
53 Neutral | $663.06M | -11.94 | -4.83% | 14.17% | -24.31% | -157.16% | |
52 Neutral | $1.07B | 14.80 | 5.14% | 17.34% | 14.92% | 48.21% |
* Financial Sector Average
RPC
Ridgepost Capital
7.75
-2.30
-22.92%
CSWC
Capital Southwest
23.15
3.48
17.72%
NMFC
New Mountain Finance
7.02
-2.14
-23.35%
VRTS
Virtus Investment Partners
147.58
-23.67
-13.82%
GSBD
Goldman Sachs BDC
9.47
-0.45
-4.57%
TRIN
Trinity Capital
17.04
4.70
38.12%
Ridgepost Capital Corporate Events
Executive/Board ChangesShareholder Meetings
Ridgepost Capital Shareholders Reaffirm Board and Governance Structure
Positive
Jun 23, 2026
At Ridgepost Capital’s 2026 Annual Meeting of Stockholders held on June 18, 2026, shareholders elected three directors—Tracey Benford, David M. McCoy and Robert B. Stewart, Jr.—to terms expiring at the 2029 annual meeting, reaffi...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Ridgepost Capital Completes Stellus Capital Acquisition and Financing
Positive
Jun 22, 2026
On June 22, 2026, Ridgepost Capital completed its acquisition of Stellus Capital Management, a U.S. direct lender focused on sponsor-backed, lower-middle-market companies with about $4 billion in assets under management. Stellus’ partners wi...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Ridgepost Capital Announces Dividend Amid Record Fundraising
Positive
May 8, 2026
Ridgepost Capital, a Dallas-based private markets solutions provider, reported record fundraising for the first quarter ended March 31, 2026, with fee-paying assets under management reaching approximately $31 billion, an 18% year-over-year increas...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.