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Ridgepost Capital
(NYSE:RPC)
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Rating:65Neutral
Price Target:
$9.50
â–²(7.71% Upside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by improving profitability and cash generation, tempered by materially higher leverage that reduces financial flexibility. The latest earnings call adds support via strong AUM/fee-related growth and reiterated guidance, while technicals are neutral and valuation is a headwind due to the elevated P/E and only modest dividend yield.
Positive Factors
Recurring Fee-Based Growth
Growth in fee-paying assets and management fees strengthens recurring revenue visibility. The fee-heavy mix, with management and advisory fees representing about 98% of fee-related revenue, supports durable earnings quality.
Negative Factors
Elevated Leverage
Higher leverage reduces financial flexibility and increases exposure to interest costs, refinancing conditions, and market downturns. Deleveraging targets may also constrain capital available for growth or shareholder distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Fee-Based Growth
Growth in fee-paying assets and management fees strengthens recurring revenue visibility. The fee-heavy mix, with management and advisory fees representing about 98% of fee-related revenue, supports durable earnings quality.
Read all positive factors
Ridgepost Capital (RPC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$960.19M
Dividend Yield1.77%
Average Volume (3M)484.36K
Price to Earnings (P/E)34.6
Beta (1Y)1.46
Revenue Growth4.43%
EPS Growth89.95%
CountryUS
Employees326
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.25
Shares Outstanding78,989,716
10 Day Avg. Volume521,047
30 Day Avg. Volume484,358
Financial Highlights & Ratios
PEG Ratio9.86
Price to Book (P/B)3.28
Price to Sales (P/S)3.88
P/FCF Ratio63.65
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$13.00Price Target Upside47.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.01
Revenue Forecast (FY)$350.25M
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...
Ridgepost Capital Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presented a predominately positive operational and financial picture: strong AUM growth (+25% YoY total AUM; +19% fee-paying AUM YoY), solid investment performance (double-digit net IRRs across strategies), healthy fundraising and deployment momentum (H1 2026 >$3B; trailing four-quarter ~$5B), durable fee mix and FRE growth (+10% FRE; +11% fee revenue), and tangible productivity gains from AI initiatives. Near-term headwinds are manageable and largely transaction-related: higher leverage and borrowing costs from the Stellus acquisition (pro forma ~2.8x), share dilution from deal consideration (~11.8M issued), modest near-term revenue recognition timing for Stellus (deployed-fee model), anticipated fundraising costs and hires tempering full-year FRE margin to the mid-40s, and an expected rise in cash taxes in 2027. Overall, the positives — recurring, fee-driven revenue growth, strong fund performance, robust fundraising, and efficiency gains — outweigh the near-term integration, leverage, and dilution challenges.Positive Updates
AUM Milestone and Strong Fee-Paying AUM Growth
Total AUM surpassed $50 billion at period end, up more than $10 billion or ~25% year-over-year. Fee-paying AUM totaled nearly $35 billion, up 19% year-over-year, with fee-paying AUM CAGR through Q2 2026 at 20% (above the implied 15% CAGR needed to reach the firm's 2029 $50 billion fee-paying AUM target).
Negative Updates
Near-Term Leverage and Financing Costs from Stellus Acquisition
Ridgepost fully utilized its revolver to fund Stellus at a borrowing rate of 260 basis points plus SOFR; pro forma leverage was ~2.8x EBITDA at the end of Q2. Management's near-term focus is deleveraging back to mid-2x by year-end, but higher interest expense and leverage are near-term pressures.
Read all updates
Q2-2026 Updates
Positive
Negative
AUM Milestone and Strong Fee-Paying AUM Growth
Total AUM surpassed $50 billion at period end, up more than $10 billion or ~25% year-over-year. Fee-paying AUM totaled nearly $35 billion, up 19% year-over-year, with fee-paying AUM CAGR through Q2 2026 at 20% (above the implied 15% CAGR needed to reach the firm's 2029 $50 billion fee-paying AUM target).
Read all positive updates
Company Guidance
Ridgepost reiterated full‑year 2026 guidance calling for a core fee rate of 103 bps and a fee‑related earnings (FRE) margin in the mid‑40s (Q2 FRE margin was 48%), with direct/secondary catch‑up fees expected at $6–8M; Q2 results included AUM surpassing $50B (fee‑paying AUM nearly $35B), AUM up ~ $10B or ~25% YoY, fee‑paying AUM up 19% YoY (fee‑paying AUM CAGR through Q2 2026 = 20%), FRE $39M (+10% YoY), fee‑related revenue $81M (+11% YoY), adjusted net income $0.24/share (vs $0.23), and an average core fee rate of 100 bps in Q2 (up 3 bps q/q); management and advisory fees generated ~ $80M (≈98% of fee‑related revenue), less than 2% of fee‑paying AUM is redeemable quarterly, and NOLs are expected to be fully utilized by year‑end (cash tax rate guidance: high single‑digit to low double‑digit in 2026, mid‑teens in 2027). Fundraising/deployment cadence targets remain unchanged: $1.1B raised and deployed in Q2, nearly $5B over the trailing four quarters, >$3B in H1 2026, and a $10B fundraising/deployment target for 2026–27 (TrueBridge ~ $1.5B raised/deployed in H1); post‑Stellus (closed June 22) metrics include issuance of 11.8M shares, ~130M fully diluted shares, pro‑forma leverage ~2.8x (target mid‑2x EBITDA by year‑end after deleveraging; $20M of debt already paid down in Q3), a $195M revolver funded at SOFR +260 bps, quarterly dividend $0.04/share, and a stated Stellus origination upside of capturing 10–20% of RCP sponsor deployments (~$5B/year) equal to $500M–$1B incremental annual commitments (RCP distributions through July 24 have more than doubled YoY and are >25% ahead of the same period in 2024).Ridgepost Capital Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 312.91M | 297.35M | 296.45M | 241.73M | 198.36M | 150.53M |
| Gross Profit | 226.28M | 153.71M | 141.13M | 87.45M | 104.06M | 95.78M |
| EBITDA | 108.70M | 94.87M | 91.83M | 48.69M | 72.32M | 56.59M |
| Net Income | 27.38M | 19.50M | 18.70M | -7.13M | 29.21M | 10.77M |
Balance Sheet | ||||||
| Total Assets | 1.15B | 928.30M | 869.27M | 834.07M | 826.36M | 676.22M |
| Cash, Cash Equivalents and Short-Term Investments | 37.78M | 28.15M | 67.45M | 30.47M | 20.02M | 40.92M |
| Total Debt | 519.16M | 402.88M | 340.37M | 310.12M | 307.78M | 228.20M |
| Total Liabilities | 635.83M | 524.84M | 482.38M | 408.91M | 392.48M | 281.05M |
| Stockholders Equity | 367.46M | 351.36M | 347.00M | 385.59M | 393.14M | 395.16M |
Cash Flow | ||||||
| Free Cash Flow | 53.20M | 18.11M | 96.59M | 46.22M | 60.21M | 48.86M |
| Operating Cash Flow | 55.77M | 22.99M | 100.97M | 47.69M | 61.67M | 49.02M |
| Investing Cash Flow | -127.47M | -42.75M | -5.80M | -2.25M | -98.59M | -47.40M |
| Financing Cash Flow | 74.55M | -19.67M | -59.11M | -42.87M | 22.93M | 29.08M |
Ridgepost Capital Technical Analysis
Positive
8.82
Price Trends
8.38
Positive
8.19
Positive
8.69
Positive
Market Momentum
0.07
Positive
51.51
Neutral
56.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RPC, the sentiment is Positive. The current price of 8.82 is above the 20-day moving average (MA) of 8.78, above the 50-day MA of 8.38, and above the 200-day MA of 8.69, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 51.51 is Neutral, neither overbought nor oversold. The STOCH value of 56.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RPC.
Ridgepost Capital Risk Analysis
Ridgepost Capital disclosed 51 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.62B | 13.34 | 11.04% | 9.27% | 25.04% | 13.84% | |
71 Outperform | $1.77B | 9.67 | 14.83% | 11.82% | 8.54% | -23.45% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $960.19M | 34.64 | 7.74% | 1.48% | 4.43% | 89.95% | |
65 Neutral | $1.11B | 9.45 | 12.82% | 5.70% | -5.17% | -14.45% | |
63 Neutral | $1.14B | 19.86 | 4.17% | 17.78% | 117.29% | -58.47% | |
62 Neutral | $719.73M | -15.71 | -4.28% | 17.69% | -50.21% | -161.42% |
* Financial Sector Average
RPC
Ridgepost Capital
8.66
-3.52
-28.88%
CSWC
Capital Southwest
25.47
4.96
24.20%
NMFC
New Mountain Finance
7.54
-1.71
-18.52%
VRTS
Virtus Investment Partners
168.52
-20.99
-11.07%
GSBD
Goldman Sachs BDC
10.13
0.35
3.54%
TRIN
Trinity Capital
18.56
4.62
33.16%
Ridgepost Capital Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Ridgepost Capital Reports Strong Q2 Results and Growth
Positive
Aug 5, 2026
On August 5, 2026, Ridgepost Capital reported strong financial results for the second quarter ended June 30, 2026, underscoring the durability of its fee-based model and broad investment platform. During the period, the firm surpassed $50 billion ...
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...
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.