Ridgepost Capital Inc (PX) Market Cap
Ridgepost Capital Inc has a market capitalization of $829.7M.
Price: $7.55
▲ 0.16 (2.17%)
Market Cap: 829.75M
NYSE · time unavailable
CEO: Luke A. Sarsfield
Sector: Financial Services
Industry: Investment - Banking & Investment Services
IPO Date: 2021-10-21
Website: https://ridgepostcapital.com
Ridgepost Capital Inc (PX) - Company Information
Market Cap: 829.75M|Sector: Financial Services
Company Profile
Ridgepost Capital, Inc. operates as a multi-asset class private market solutions provider in the alternative asset management industry in the United States and internationally. The company’s portfolio of private solutions includes private equity, venture capital, impact investing, and private credit, as well as primary fund of funds, secondary investment, and direct and co-investment services. It markets its private equity solutions under the RCP Advisors, Bonaccord Capital, Ridgepost Advisors, and Qualitas brands; venture capital solutions under the TrueBridge brand; impact investing solutions under the Enhanced brand; and private credit solutions under the Five Points, Hark Capital, and WTI brands. The company was formerly known as P10, Inc. and changed its name to Ridgepost Capital, Inc. in February 2026. Ridgepost Capital, Inc. was founded in 1992 and is headquartered in Dallas, Texas.
Analyst Sentiment
From 4 Active Polls
1Y Forecast: $15.50
▲ +105.3% Potential Upside
Consensus Target Metrics
Low Bound
$12
Median
$13
High Bound
$25
Average
$16
Price & Moving Averages
🎯 Wall Street Analyst Intelligence Report
1-Year structural target targets, chart projections, and sentiment maps.
Consensus Trend Projection
Trailing closures vs. 12-month metrics map.
Analyst Vote Distribution
Aggregate institutional coverage sentiment weights.
📊 Historical Valuation Multiples
Real-time Trailing Twelve Month (TTM) momentum side-by-side with discrete quarterly metrics.
| Fiscal Quarter | TTM | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Period Ending | Trailing 12M | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 |
| Market Cap ($M) | 830 | 795 | 1,153 | 1,148 | 1,159 | 1,158 | 1,162 | 1,163 | 1,173 |
| Enterprise Value ($M) | 1,048 | 1,169 | 1,527 | 1,532 | 1,529 | 1,466 | 1,435 | 1,442 | 1,464 |
| Price to Earnings Ratio (P/E) | 40.36 | 23.42 | 30.31 | 130.50 | 87.00 | 65.25 | 55.06 | 207.14 | 41.96 |
| Price/Earnings-to-Growth Ratio (PEG) | — | — | 4.50 | 29.42 | 11.69 | — | 3.80 | 46.49 | 5.59 |
| Price to Sales Ratio (P/S) | 2.21 | 10.60 | 14.22 | 15.12 | 15.94 | 17.11 | 13.67 | 15.66 | 16.50 |
| Price to Book Ratio (P/B) | 2.69 | 2.26 | 3.28 | 3.33 | 3.43 | 3.46 | 3.35 | 3.28 | 3.29 |
| Price to Free Cash Flow Ratio (P/FCF) | 16.56 | 47.54 | 52.25 | -119.63 | 100.50 | -188.89 | 43.57 | 46.28 | 34.78 |
| Enterprise Value to Sales (EV/Sales) | — | 15.58 | 18.84 | 20.17 | 21.03 | 21.67 | 16.88 | 19.42 | 20.60 |
| Enterprise Value to EBITDA (EV/EBITDA) | 10.10 | 44.94 | 37.14 | 86.32 | 80.72 | 85.91 | 67.73 | 90.48 | 61.34 |
| Debt to Equity Ratio | 3.60 | 1.15 | 1.15 | 1.23 | 1.19 | 1.14 | 0.98 | 0.96 | 0.90 |
📰 Market News & Coverage
15 Stories AvailableReal-time institutional reporting and market updates for PX.
Pelangio Exploration Grants Stock Options
Toronto, Ontario--(Newsfile Corp. - July 20, 2026) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") today announced that the Board of Directors has approved the grant of 250,000 incentive stock options to a director of the Company. The stock options are exerciseable into common shares of the Company at a price of $0.125 per share.
Pelangio Exploration Announces the Addition of John Clarke to Its Board of Directors
Toronto, Ontario--(Newsfile Corp. - July 15, 2026) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") is pleased to announce the addition of John Clarke to its board of directors. John Clarke is an experienced mining executive with senior technical, operating, corporate development and public company leadership experience in Africa and internationally, including metallurgy, mine operations, exploration, development and executive roles with companies listed on the London, New York and Toronto stock exchanges.
Pelangio Exploration Extends High-Grade Gold Shoot 150-meters North at Manfo, Ghana: 26-meters of 2.99 g/t Au Including 6-meters of 11.74 g/t Au
Toronto, Ontario--(Newsfile Corp. - June 15, 2026) - Pelangio Exploration Inc. (TSXV: PX) (OTC PINK: PGXPF) ("Pelangio" or the "Company") reported that drill hole SPDD26-008 extended the higher-grade gold shoot at its 100%-owned Pokukrom East deposit 150-meters further north, where it remains open and could add significantly to the resource. The hole cut 26 meters of 2.99 g/t Au (un-cut), including 6 meters of 11.74 g/t Au and 2 meters of 27.95 g/t Au.
Pelangio Exploration Reports Interim Drill Results from the Manfo Project, Ghana; Drilling to Transition to Dankran with Further Drilling Planned at Manfo
Toronto, Ontario--(Newsfile Corp. - June 1, 2026) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") reports interim results from its ongoing drilling program on its 100% owned Manfo Project and provides an update on its exploration programs, including a planned transition to drilling to the Dankran property upon completion of this phase of the Manfo drilling program and the planned Controlled Source Electromagnetic ("CSEM") surveys to be conducted at both Manfo and Obuasi. The updated 2,900-metre resource expansion drilling program at the Pokukrom East and West deposits is approximately 72% complete, with seven of fourteen planned holes completed and two additional holes nearing completion.
Pelangio Exploration Commissions a Deep-Penetrating CSEM Survey for the Obuasi and Manfo Projects, Ghana
Toronto, Ontario--(Newsfile Corp. - February 27, 2026) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") is pleased to announce that a controlled-source electromagnetic ("CSEM") survey has been commissioned for the Obuasi and Manfo projects to be conducted by SEMS Exploration Services of Ghana. CSEM surveys will be conducted on Pelangio's Obuasi and Manfo projects to delineate targets up to 1+ kilometre depth below prospective exploration target areas.
Stellus Capital Management to Become Part of Alternative Asset Manager P10
Transaction to provide complementary resources, expertise, and relationships to enhance Stellus' existing platform Stellus investment processes, strategy, and operations to remain unchanged HOUSTON, Feb. 5, 2026 /PRNewswire/ -- Stellus Capital Management ("Stellus" or the "Company), a U.S. direct lender with $3.8 billion of AUM specializing in senior secured loans in the lower-middle market, announced that it has entered into a definitive agreement to be acquired by P10, Inc. (NYSE: PX) ("P10"), a leading private markets solutions provider that similarly serves the lower-middle market. Stellus will continue to be managed by its current partners who will retain control of its day-to-day operations, including investment decisions and investment committee processes.
P10 Expands into Lower-Middle Market Direct Lending with Acquisition of Stellus Capital Management
Established direct lender with a 20+ year track record will add approximately $3.8 billion in assets under management Lower-middle market focus a natural fit with existing P10 strategies
Bonaccord Capital Partners Named 2025 Middle Market GP Stakes Firm of the Year by GP Stakes News
DALLAS, Jan. 30, 2026 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, and Bonaccord Capital Partners (“Bonaccord”), a private equity firm focused on providing growth capital and strategic support to middle-market private markets sponsors, are pleased to announce that Bonaccord has been named 2025 Middle Market GP Stakes Firm of the Year by GP Stakes News.
P10 and Bonaccord Capital Partners Team with CAIS to Expand Wealth Channel Access to GP Stakes Solutions
DALLAS, Jan. 29, 2026 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), (“P10” or the “Company”), and Bonaccord Capital Partners (“Bonaccord”), today announced a new collaboration with CAIS, the leading alternative investment platform for financial advisors. Bonaccord is a private equity firm focused on providing growth capital and strategic support to middle-market private markets sponsors, and this collaboration with CAIS provides advisors with expanded access to GP stakes solutions.
Pelangio Refiles Technical Report for Manfo Gold Project
Toronto, Ontario--(Newsfile Corp. - January 26, 2026) - Pelangio Exploration Inc. (TSXV: PX) ("Pelangio" or the "Company") announces that, as a result of an issue oriented continuous disclosure review by staff of the Ontario Securities Commission ("OSC"), the Company has amended and refiled its technical report for the Manfo Gold Project, Ghana (the "Technical Report"). As a consequence of the OSC Review, the Company amended the Technical Report to bring it into conformity with certain requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
P10 Schedules Fourth Quarter and Full Year 2025 Earnings Release for Thursday, February 12, 2026
DALLAS, Jan. 22, 2026 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, today announced it will release its fourth quarter and full year 2025 results on Thursday, February 12, 2026, before U.S. markets open. The upcoming financial results will mark the Company's inaugural quarterly report and conference call as Ridgepost Capital, Inc., after the new name becomes effective on February 11, 2026.
P10 Announces Upcoming Name Change
DALLAS, Jan. 12, 2026 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, today announced it will change its name to Ridgepost Capital, Inc. The name change will become effective on February 11, 2026. Starting that day, the Company's stock will trade on the New York Stock Exchange and NYSE Texas under the new ticker symbol “RPC.
P10 Opens New Office in Dubai, Strengthening Capabilities in the Middle East Region
DALLAS, Jan. 06, 2026 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), (“P10” or the “Company”), a leading private markets solutions provider, today announced the opening of a new office in Dubai, located within the Dubai International Financial Centre (“DIFC”). The office is licensed by the Dubai Financial Services Authority (“DFSA”) and deepens P10's long-term commitment to the United Arab Emirates (UAE), supporting client partnerships across the Middle East. Through the opening of the new office within the DIFC, P10 and its clients will benefit from the advantages provided by working within the DFSA's regulatory framework.
Pelangio Exploration Announces Receipt of $1,395,933 in Proceeds from Warrant Exercise
Toronto, Ontario--(Newsfile Corp. - December 23, 2025) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") announces that it has received gross proceeds of $1,395,933.35 from the exercise of 27,918,667 common share purchase warrants at an exercise price of $0.05 per warrant. The Company issued 27,918,667 common shares upon exercise of these warrants.
RCP Advisors Recognized by Pensions & Investments' Best Places to Work in Money Management and Crain's 2025 Best Places to Work in Chicago
DALLAS, Dec. 18, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX) (the “Company”), a leading private markets solutions provider, and RCP Advisors (“RCP”), a private equity firm specializing in North American small buyout strategies, are pleased to announce that RCP was recognized in Pensions & Investments' 2025 Best Places to Work in Money Management awards. The 14th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
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📊 AI Financial Analysis
Powered by StockMarketInfo"PX reported Q1’26 revenue of $75.0M and net income of $17.7M (EPS $0.08). Relative to Q1’25, revenue was up 10.8% (from $67.7M) while net income rose 292.5% (from $4.5M). On a QoQ basis, revenue declined 14.4% versus Q4’25 ($8.76B, likely non-comparable reporting), while net income increased 1.2% (from $1.53B in Q4’25). Over the most comparable quarters (Q1–Q3’25), margins generally improved into mid-year: gross margin increased from 45.2% (Q1’25) to 55.8% (Q2’25) before easing to 44.3% (Q3’25); Q1’26 gross margin improved to 48.7%. Net margin expanded materially to 23.6% in Q1’26 from 6.7% in Q1’25, indicating profitability normalization upward. Cash flow remains positive in the latest quarter: operating cash flow was $17.1M and free cash flow $16.7M. The company continued shareholder distributions via buybacks ($6.0M) and dividends ($4.1M), with a modest net cash increase to $29.0M at quarter-end. Balance sheet resilience is moderate: total assets were $910M with $403M equity and net cash (net debt -$29M). Price/return data is not available (marketPerformance fields are undefined), so total shareholder return (price gain + yield) cannot be reliably scored from the provided inputs."
Revenue Growth
QoQ comparisons are distorted by Q4’25 revenue ($8.76B). On a like-for-like basis, Q1’26 revenue was +10.8% YoY (to $75.0M).
Profitability
Net income surged +292.5% YoY (to $17.7M) and net margin expanded to 23.6% from 6.7% in Q1’25. Gross margin improved to 48.7%.
Cash Flow Quality
Q1’26 operating cash flow was $17.1M and free cash flow $16.7M. Shareholder returns via buybacks ($6.0M) and dividends ($4.1M) continue alongside positive FCF.
Leverage & Balance Sheet
Equity was $403M with total assets of $910M. The company had net cash in Q1’26 (net debt -$29M), indicating resilience, though equity was lower than Q4’25.
Shareholder Returns
Buybacks and dividends are present, but marketPerformance/price momentum is unavailable (1y_change undefined), so total return cannot be fully credited.
Analyst Sentiment & Valuation
Consensus price target is $25 versus current price shown as $0 in inputs, so valuation context is unreliable; however target implies upside if current pricing were available.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
Fundamentals Overview
PX reported a strong Q1 2026 with fee-paying AUM rising to ~$31B (+18% YoY) and record fundraising/deployment of ~$2B, driven largely by TrueBridge (~$1B) and GP stakes activation at Bonaccord (~$872M). Operating metrics matched guidance: core fee rate was 97 bps in Q1 (97 bps excluding catch-ups) and 103 bps LTM, with full-year 2026 core fee rate guidance reiterated at 103 bps (excluding Stellus). FRE margin was ~44%, consistent with expectations, and management guided to mid-40s FRE margin for 2026 and near-50% over time (ex-acquisitions). The Stellus acquisition (midyear 2026 close) is positioned as a complementary lower middle market direct lending entry, with stated tax savings of ~$2M annually and described credit/technology exposure limits (1.1% default rate; SaaS/software <8%). While industry headlines reference redemption/valuation stress, management claims limited exposure given product structure and investor base durability.
Growth Catalysts
- Fee-paying AUM crossed $30B for the first time; increased to ~$31B (+18% YoY)
- Record Q1 fundraising and deployment totaling ~$2B, including ~$1B from TrueBridge venture capital activity
- Private equity fundraising driven by fee activation for the next vintage of GP stakes flagship fund at Bonaccord (~$872M)
- Core fee rate strength: 97 bps average in Q1 (excluding catch-up), 103 bps on an LTM basis; management expects 103 bps full-year 2026 (excluding Stellus)
Business Development
- Stellus Capital Management acquisition agreement (announced February 2026), with expected midyear 2026 closing
- Stellus private fund IV closed at ~$775M (vs ~$750M communicated), dry powder ~$450M
- Stellus private BDC described: ~$400M gross assets (~15% of Stellus fee-paying AUM), launched 2021 with ~75% institutional seed investors
Financial Highlights
- Fee-related revenue ~$75M in Q1 (+11% YoY)
- FRE margin ~44% in Q1, consistent with prior guidance; management expects FRE margin growth to mid-40s for 2026 and toward near 50% over the next few years (excluding acquisitions)
- Core fee rate guidance: expect 103 bps for full-year 2026 excluding Stellus; seasonality expected to drive expansion in 2H
- Cash tax rate: 2.5% in Q1; higher in Q2 due to two cash tax payments; management expects to fully utilize NOL and become a federal taxpayer in 2026
- Stellus deal tax savings: ~$2M annual tax savings from additional amortization tied to $125M upfront cash consideration
- Dividend: quarterly cash dividend $0.04/share payable June 18, 2026; record date May 29, 2026
- Share repurchase: 701,000 shares repurchased in the quarter at avg $8.55; total ~$6M repurchased; ~$15M remaining on repurchase program
Capital Funding
- Share repurchase program: ~$6M spent in Q1; ~$15M remaining
- Dividend payout: $0.04/share (payable June 18, 2026; record May 29, 2026)
- Post-Stellus capital allocation plan: allocate capital to debt paydown and share repurchase (timing tied to closing)
Strategy & Ops
- Durability positioning: commingled funds/SMAs with long-dated locked-up capital; weighted average remaining duration ~7 years across strategies/vehicles
- Investor-base quality: majority of fee-paying AUM from wealth/high net worth, pensions, and endowments/foundations; wealth/high net worth sourced ~1/3 of LP base but characterized as institutionally oriented via high net worth aggregators
- Cross-marketing traction: >10% of capital raised since Investor Day stems from successful cross-marketing; ~$1.2B since June 2024 reference date
- Automation/ops referenced indirectly via data advantage and strategy integration narrative; no specific automation metrics disclosed
- M&A financing stance: management stated Ridgepost will not issue stock at recent trading levels in new M&A transactions
Market Outlook
- Next update: Q2 2026 results expected in August
- Full-year 2026 core fee rate target: 103 bps (excluding Stellus acquisition impact)
- FRE margin outlook: mid-40s for 2026; expansion to near 50% over the next few years (excluding acquisitions)
- Stellus closing: expected midyear 2026
Risks & Headwinds
- Industry backdrop: private credit valuation pressure and higher redemption requests tied to software/AI disruption concerns (management claims Ridgepost has very little exposure)
- Concentration/technology exposure for Stellus: total exposure to SaaS/software <8%, with no single Stellus position >2% of overall portfolio
- Stellus credit performance metrics cited as risk mitigants: 1.1% annualized default rate and 14 bps annualized loss rate since inception through year-end 2025
- Tax execution timing risk: Q2 cash tax rate expected to rise due to two cash tax payments
Q&A: Analyst Interest
- Private equity performance resilience: Management attributed strong PE performance to middle/lower-middle market focus, more selective deal sourcing from founder owners (primary, less intermediated), lower purchase price levels, and less leverage versus peers—plus portfolio insulation via co-investments/secondaries and a GP stakes engine publishing resilient results each quarter.
- Differentiation vs “direct private equity” volatility: Management clarified differentiation as investing behind best-of-breed managers with portfolio skew toward co-investments, secondaries, and GP stakes, arguing this reduces the volatility typically seen in direct private equity peers. They also reiterated forward opportunism without citing peers’ metrics.
- Portfolio underwriting and value creation drivers: Management emphasized ability to drive meaningful value creation through primary founder-owner transactions, buying at lower valuations and using less leverage, translating accretion benefits to both GP sponsors and Ridgepost. They reinforced that these structural factors protect performance as the opportunity set remains robust.
Sentiment: POSITIVE
Note: This summary was synthesized by AI from the PX Q1 2026 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.
📋 Official Regulatory 10-K / 10-Q SEC Filings
Direct authenticated documentation links to audited SEC database reports for PX.