PTRN · CIK 0001811935
What Pattern Group Inc. told the SEC could break it.
Pattern Group's overwhelming risk is its dependence on Amazon. It derived 93% of its 2025 revenue from consumer-product sales on Amazon's marketplace, so any adverse change, restriction or termination of that relationship would materially harm the business — and the dependence even extends to infrastructure, since it runs critical functions like payment processing, data storage and cloud warehousing on a small number of third-party providers including Amazon Web Services. The goods it sells are also exposed to trade policy: 2025 U.S. tariffs (a 10% baseline plus country-specific duties, with retaliation from China, the EU and Canada) could raise its brand partners' product costs and depress demand.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Customer concentration
- 93% of revenue via Amazon marketplacehigh
Almost entirely dependent on Amazon: 93% of FY2025 revenue came from consumer product sales on Amazon; any adverse change, restriction or termination of the Amazon relationship would materially harm the business.
“We depend almost entirely on our relationship with Amazon and other marketplaces for generating revenue and growth. For the year ended December 31, 2025, we derived 93% of our revenue from consumer product sales on Amazon.”
SEC filing →As of 2026
Regulatory & policy
- 2025 US import tariffs raising brand-partner product costsmedium
April 2025 broad US tariffs (10% baseline plus country-specific, with China/EU/Canada retaliation) could increase the cost of its brand partners' products and depress demand for the goods it sells.
“For example, in April 2025, the U.S. government imposed broad new tariffs, including a baseline tariff of 10% on all imports, plus additional country-specific tariffs. The European Union and certain countries, including China and Canada, have threatened or imposed retaliatory measures.”
Supplier concentration
- small number of third-party hosts incl. AWSmedium
Relies on a small number of third-party providers (including Amazon Web Services) to host and operate critical functions — payment processing, data storage, cloud warehousing, content creation; loss/interruption would impair its solutions.
“We currently host and support our operations using third-party service providers, including Amazon Web Services. We also rely on a small number of third-party service providers including SaaS platforms to operate critical functions of our business, including payment processing, collection of comprehensive ecommerce and consumer data, data storage services, cloud-based data warehousing and content creation.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
In the MyPRIA app, this is checked against the companies you actually own.
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