Ridgepost Capital, Inc. (RPC)
NYSE:RPC
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Ridgepost Capital
(NYSE:RPC)
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Rating:67Neutral
Price Target:
$9.00
â–²(14.65% Upside)
Action:Downgraded
Date:06/01/26
RPC scores above average primarily due to improving fundamentals (profitability recovery and solid recent cash generation) and a constructive earnings call emphasizing AUM growth, margin targets, and expected accretion from the Stellus deal. The score is held back by a high P/E valuation and a mixed technical picture with price still below longer-term moving averages, alongside elevated leverage versus prior years.
Positive Factors
AUM Growth & Scale
Sustained AUM growth to ~$31B (+18% YoY) increases recurring fee revenue and provides durable scale benefits. A larger, long-dated LP base and a $50B 2029 target enhance fee predictability, marketing power, and cross-selling potential, supporting multi-year organic revenue expansion.
Negative Factors
Elevated Leverage
Higher leverage (debt-to-equity ~1.15) constrains financial flexibility and increases interest and refinancing risk if markets tighten. With leverage elevated versus prior years, the firm has less room for opportunistic M&A or large buybacks without prioritizing deleveraging under adverse conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
AUM Growth & Scale
Sustained AUM growth to ~$31B (+18% YoY) increases recurring fee revenue and provides durable scale benefits. A larger, long-dated LP base and a $50B 2029 target enhance fee predictability, marketing power, and cross-selling potential, supporting multi-year organic revenue expansion.
Read all positive factors
Ridgepost Capital (RPC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$891.20M
Dividend Yield1.48%
Average Volume (3M)380.89K
Price to Earnings (P/E)37.7
Beta (1Y)1.50
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. Volume319,367
30 Day Avg. Volume380,895
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 Cap1.15
Enterprise Value/Revenue3.35
Enterprise Value/Gross Profit5.31
Enterprise Value/Ebitda9.84
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. 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...
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
7.84
Positive
8.41
Negative
9.49
Negative
Market Momentum
0.03
Positive
48.49
Neutral
34.49
Neutral
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 8.29, above the 50-day MA of 7.84, and below the 200-day MA of 9.49, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 48.49 is Neutral, neither overbought nor oversold. The STOCH value of 34.49 is Neutral, 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 | $1.55B | 9.17 | 14.73% | 13.53% | 4.03% | -16.92% | |
69 Neutral | $1.46B | 11.87 | 11.68% | 11.90% | 55.92% | 35.62% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $891.20M | 37.66 | 6.78% | 1.48% | 2.25% | 30.88% | |
54 Neutral | $756.56M | -13.60 | -4.83% | 14.17% | -24.31% | -157.16% | |
54 Neutral | $994.63M | 8.39 | 12.75% | 5.41% | -6.49% | 0.51% | |
52 Neutral | $1.03B | 13.46 | 5.14% | 17.34% | 14.92% | 48.21% |
* Financial Sector Average
RPC
Ridgepost Capital
8.07
-1.66
-17.05%
CSWC
Capital Southwest
23.21
4.53
24.22%
NMFC
New Mountain Finance
7.83
-1.59
-16.88%
VRTS
Virtus Investment Partners
146.57
-18.87
-11.41%
GSBD
Goldman Sachs BDC
8.86
-0.93
-9.45%
TRIN
Trinity Capital
16.88
4.37
34.89%
Ridgepost Capital Corporate Events
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...
Business Operations and StrategyExecutive/Board Changes
Ridgepost Capital Announces Executive Leadership Transition Plan
Neutral
Mar 23, 2026
Ridgepost Capital announced on March 23, 2026, that Executive Vice President and Chief Administration Officer Mark Hood will retire from his role effective May 31, 2026, after playing a central role in building and scaling the firm since before it...
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.
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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.