D 
3.40
+4.29%
Close of 9 Nov 2026, in BRL
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in BRL, from our data supplier.
Revenue
BRL 11.17bn
FY2016FY2025
Net income
−BRL 1.15bn
FY2016FY2025
Free cash flow
−BRL 326.6m
FY2016FY2025
Shareholders' equity
BRL 6.87bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 11.17bn | BRL 15.32bn | BRL 14.25bn | BRL 13.13bn | BRL 10.42bn | BRL 7.04bn | BRL 4.36bn | BRL 3.93bn | BRL 3.40bn | BRL 3.04bn |
| Gross profit | BRL 3.39bn | BRL 4.19bn | BRL 3.89bn | BRL 3.80bn | BRL 3.12bn | BRL 1.76bn | BRL 1.55bn | BRL 1.40bn | BRL 1.16bn | BRL 964.6m |
| Research and development | — | — | — | — | — | — | — | — | BRL 51.1m | BRL 33.6m |
| Operating income | BRL 1.01bn | BRL 1.01bn | BRL 911.7m | BRL 1.02bn | BRL 88.5m | BRL 132.1m | BRL 393.0m | BRL 352.7m | BRL 336.1m | BRL 300.0m |
| Net income | −BRL 1.15bn | −BRL 1.20bn | −BRL 1.17bn | −BRL 386.9m | −BRL 226.6m | −BRL 150.8m | BRL 124.8m | BRL 184.4m | BRL 131.4m | BRL 94.7m |
| Diluted earnings per share | -0.92 | -0.94 | -1.56 | -0.69 | -0.38 | -0.31 | 0.40 | 0.59 | 0.38 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 18.56bn | BRL 26.46bn | BRL 26.21bn | BRL 26.84bn | BRL 23.25bn | BRL 13.34bn | BRL 8.84bn | BRL 7.22bn | BRL 6.25bn | BRL 5.16bn |
| Cash and short-term investments | BRL 2.67bn | BRL 1.90bn | BRL 1.69bn | BRL 3.08bn | BRL 3.61bn | BRL 1.51bn | BRL 877.6m | BRL 1.08bn | BRL 592.6m | BRL 658.5m |
| Total liabilities | BRL 11.67bn | BRL 18.52bn | BRL 18.88bn | BRL 19.75bn | BRL 15.70bn | BRL 9.81bn | BRL 5.58bn | BRL 3.90bn | BRL 2.93bn | BRL 2.30bn |
| Debt | BRL 8.84bn | BRL 12.99bn | BRL 13.29bn | BRL 13.90bn | BRL 9.77bn | BRL 6.82bn | BRL 3.74bn | BRL 2.54bn | BRL 1.79bn | BRL 1.35bn |
| Shareholders' equity | BRL 6.87bn | BRL 7.93bn | BRL 7.33bn | BRL 7.08bn | BRL 7.54bn | BRL 3.54bn | BRL 3.27bn | BRL 3.34bn | BRL 3.34bn | BRL 2.86bn |
| Shares outstanding | 1,250m | 1,269m | 747m | 558m | 598m | 481m | 315m | 312m | 347m | 332m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −BRL 36.3m | BRL 27.9m | −BRL 963.6m | −BRL 29.0m | BRL 1.30bn | BRL 766.5m | BRL 699.4m | BRL 530.3m | BRL 653.2m | BRL 841.9m |
| Capital spending | −BRL 290.3m | −BRL 538.5m | −BRL 811.2m | −BRL 1.14bn | −BRL 905.8m | −BRL 755.7m | −BRL 504.7m | −BRL 299.6m | −BRL 254.4m | −BRL 329.4m |
| Free cash flow | −BRL 326.6m | −BRL 510.6m | −BRL 1.77bn | −BRL 1.17bn | BRL 392.4m | BRL 10.8m | BRL 194.6m | BRL 230.7m | BRL 398.8m | BRL 512.5m |
| Dividends paid | −BRL 5.0m | −BRL 10.1m | −BRL 341.9m | −BRL 159.2m | −BRL 220.3m | −BRL 204.4m | −BRL 157.9m | −BRL 175.0m | −BRL 35.9m | −BRL 22.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 2.22bn | BRL 2.22bn | BRL 2.27bn | BRL 2.61bn | BRL 2.47bn | BRL 3.83bn | BRL 3.67bn | BRL 3.97bn |
| Gross profit | BRL 527.9m | BRL 745.4m | BRL 644.1m | BRL 881.7m | BRL 732.4m | BRL 1.14bn | BRL 846.1m | BRL 1.14bn |
| Operating income | BRL 239.5m | BRL 295.4m | BRL 109.8m | BRL 390.5m | BRL 148.2m | BRL 342.2m | BRL 10.5m | BRL 392.8m |
| Net income | −BRL 34.1m | −BRL 1.9m | −BRL 954.9m | BRL 95.8m | −BRL 178.6m | −BRL 114.3m | −BRL 830.9m | −BRL 87.5m |
| Diluted earnings per share | -0.03 | -0.00 | -0.76 | 0.08 | -0.14 | -0.09 | -0.65 | -0.07 |
| Cash from operations | BRL 69.0m | −BRL 74.0m | BRL 5.0m | BRL 434.0m | −BRL 368.0m | −BRL 107.0m | BRL 222.0m | BRL 226.0m |
| Capital spending | −BRL 14.0m | −BRL 15.0m | −BRL 108.0m | −BRL 78.0m | −BRL 49.0m | −BRL 53.0m | −BRL 310.0m | −BRL 107.0m |
| Free cash flow | BRL 55.0m | −BRL 89.0m | −BRL 103.0m | BRL 356.0m | −BRL 417.0m | −BRL 160.0m | −BRL 88.0m | BRL 119.0m |
| Total assets | BRL 17.12bn | BRL 17.81bn | BRL 18.56bn | BRL 21.10bn | BRL 20.22bn | BRL 28.26bn | BRL 26.46bn | BRL 28.29bn |
| Cash and short-term investments | BRL 958.7m | BRL 1.71bn | BRL 2.67bn | BRL 2.55bn | BRL 1.41bn | BRL 3.58bn | BRL 1.90bn | BRL 2.82bn |
| Debt | BRL 1.62bn | BRL 7.43bn | BRL 8.84bn | BRL 9.86bn | BRL 9.40bn | BRL 15.11bn | BRL 12.99bn | BRL 14.02bn |
| Shareholders' equity | BRL 6.84bn | BRL 6.87bn | BRL 6.87bn | BRL 7.82bn | BRL 7.61bn | BRL 7.81bn | BRL 7.93bn | BRL 8.62bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 30.4% | 27.4% | 27.3% | 28.9% | 29.9% | 24.9% | — | — | — | — |
| Operating margin | 8.2% | 5.1% | 6.4% | 8.4% | 1.4% | 1.4% | — | — | — | — |
| Net margin | -10.3% | -7.8% | -8.2% | -2.9% | -2.2% | -2.1% | — | — | — | — |
| Return on equity | -16.8% | -15.1% | -15.9% | -5.5% | -3.0% | -4.3% | — | — | — | — |
| Return on assets | -6.2% | -4.5% | -4.4% | -1.4% | -1.0% | -1.1% | — | — | — | — |
| Free cash flow yield | 4.1% | 9.0% | -4.1% | 40.0% | 74.3% | 63.8% | — | — | — | — |
| Revenue growth | -27.1% | 7.5% | 8.6% | 26.0% | 48.0% | 61.3% | — | — | — | — |
| Earnings growth | -3.9% | 2.8% | 201.4% | 70.8% | 50.2% | -220.9% | — | — | — | — |
| Current ratio | 1.24x | 1.55x | 1.25x | 1.25x | 0.99x | 1.40x | — | — | — | — |
| Debt to equity | 1.18x | 1.36x | 1.50x | 1.75x | 1.11x | 1.63x | — | — | — | — |
| Equity ratio | 37.0% | 30.0% | 28.0% | 26.4% | 32.4% | 26.5% | — | — | — | — |
| Interest coverage | 0.56x | 0.42x | 0.48x | 0.63x | 0.24x | 0.27x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 1.5% | 1.1% | 1.5% | 1.8% |
| Buybacks as a share of market value | 1.5% | -69.8% | -33.9% | 6.7% | -24.4% | -52.6% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.2% | 9.7% | 14.9% |
| Operating income | -0.1% | 50.3% | 20.4% |
| Net income | 43.9% | 50.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.6% | 28.3% | 28.2% | 29.2% |
| Operating margin | 7.6% | 7.3% | 5.8% | 6.4% |
| Net margin | -8.9% | -7.2% | -6.0% | -4.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.0 | -1.2 | -3.7 | -11.9 | -53.4 | -69.3 | 43.7 | 13.7 | 21.8 | 18.6 |
| Price to sales | 0.3 | 0.1 | 0.3 | 0.3 | 1.2 | 1.5 | 1.3 | 0.6 | 0.8 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Dec 2022.
| FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.097 | 0.587 | 0.563 | 0.561 | 0.14 | 0.10 | 0.063 | 0.101 |
- 4-for-1 split · 2 Feb 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.