L
8.17
+10.26%
Close of 6 Nov 2026, in BRL
At a glance
Figures in BRL, from our data supplier.
Revenue
BRL 1.76bn
FY2017FY2025
Net income
BRL 414.1m
FY2017FY2025
Free cash flow
−BRL 154.2m
FY2017FY2025
Shareholders' equity
BRL 1.50bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 1.76bn | BRL 1.55bn | BRL 903.3m | BRL 555.3m | BRL 609.3m | BRL 359.5m | BRL 193.8m | BRL 84.7m | BRL 10.1m |
| Gross profit | BRL 614.5m | BRL 523.1m | BRL 298.4m | BRL 186.3m | BRL 253.7m | BRL 149.8m | BRL 69.3m | BRL 26.5m | BRL 3.3m |
| Operating income | BRL 440.5m | BRL 352.8m | BRL 188.3m | BRL 89.0m | BRL 170.7m | BRL 116.8m | BRL 45.4m | BRL 14.4m | −BRL 4.1m |
| Net income | BRL 414.1m | BRL 342.5m | BRL 231.4m | BRL 114.9m | BRL 177.7m | BRL 93.5m | BRL 44.2m | BRL 19.9m | −BRL 4.1m |
| Diluted earnings per share | 2.12 | 1.75 | 1.18 | 0.59 | 0.86 | 0.44 | 0.33 | 0.09 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 4.49bn | BRL 3.46bn | BRL 2.22bn | BRL 1.93bn | BRL 1.75bn | BRL 1.69bn | BRL 365.9m | BRL 106.2m | BRL 41.8m |
| Cash and short-term investments | BRL 911.0m | BRL 769.1m | BRL 373.7m | BRL 427.9m | BRL 464.8m | BRL 921.8m | BRL 66.0m | BRL 20.1m | BRL 4.9m |
| Total liabilities | BRL 2.71bn | BRL 1.72bn | BRL 803.8m | BRL 672.6m | BRL 501.1m | BRL 393.4m | BRL 250.3m | BRL 54.9m | BRL 33.9m |
| Debt | BRL 1.31bn | BRL 655.5m | BRL 217.0m | BRL 44.6m | BRL 3.1m | BRL 58.8m | BRL 56.0m | — | BRL 3.2m |
| Shareholders' equity | BRL 1.50bn | BRL 1.49bn | BRL 1.27bn | BRL 1.17bn | BRL 1.18bn | BRL 1.22bn | BRL 103.2m | BRL 47.6m | BRL 7.2m |
| Shares outstanding | 195m | 195m | 195m | 195m | 208m | 215m | 135m | 215m | 215m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −BRL 135.9m | BRL 6.8m | −BRL 251.4m | BRL 80.0m | −BRL 158.1m | −BRL 8.2m | −BRL 29.4m | BRL 4.6m | −BRL 6.8m |
| Capital spending | −BRL 18.3m | −BRL 10.8m | −BRL 11.1m | −BRL 6.6m | −BRL 3.4m | −BRL 38,000 | −BRL 339,000 | −BRL 219,000 | −BRL 623,000 |
| Free cash flow | −BRL 154.2m | −BRL 3.9m | −BRL 262.5m | BRL 73.4m | −BRL 161.5m | −BRL 8.2m | −BRL 29.8m | BRL 4.4m | −BRL 7.4m |
| Dividends paid | −BRL 461.2m | −BRL 158.4m | −BRL 153.1m | −BRL 132.8m | −BRL 156.0m | −BRL 22.5m | −BRL 2.5m | −BRL 2.4m | −BRL 263,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 495.4m | BRL 373.0m | BRL 530.1m | BRL 414.8m | BRL 481.9m | BRL 334.6m | BRL 575.4m | BRL 393.5m |
| Gross profit | BRL 171.6m | BRL 118.9m | BRL 178.5m | BRL 146.6m | BRL 164.6m | BRL 125.6m | BRL 204.2m | BRL 127.8m |
| Operating income | BRL 95.4m | BRL 73.1m | BRL 123.7m | BRL 86.2m | BRL 113.1m | BRL 75.6m | BRL 141.1m | BRL 78.9m |
| Net income | BRL 82.6m | BRL 69.9m | BRL 104.6m | BRL 104.0m | BRL 118.6m | BRL 86.9m | BRL 120.0m | BRL 86.6m |
| Diluted earnings per share | 0.42 | 0.36 | 0.54 | 0.53 | 0.61 | 0.44 | 0.61 | 0.44 |
| Cash from operations | −BRL 73.0m | −BRL 4.0m | −BRL 121.0m | −BRL 6.0m | BRL 24.0m | −BRL 105.0m | BRL 45.0m | — |
| Capital spending | −BRL 13.0m | −BRL 18.0m | −BRL 7.0m | −BRL 9.0m | — | −BRL 1.0m | −BRL 8.0m | −BRL 1.0m |
| Free cash flow | −BRL 86.0m | −BRL 22.0m | −BRL 128.0m | −BRL 15.0m | — | −BRL 106.0m | BRL 37.0m | — |
| Total assets | BRL 4.98bn | BRL 4.64bn | BRL 4.49bn | BRL 4.02bn | BRL 3.83bn | BRL 3.53bn | BRL 3.46bn | BRL 2.72bn |
| Cash and short-term investments | BRL 937.4m | BRL 895.5m | BRL 911.0m | BRL 807.7m | BRL 778.2m | BRL 703.3m | BRL 769.1m | BRL 545.7m |
| Debt | BRL 188.5m | BRL 542.4m | BRL 1.31bn | BRL 894.5m | BRL 849.0m | BRL 713.7m | BRL 655.9m | BRL 476.8m |
| Shareholders' equity | BRL 1.45bn | BRL 1.37bn | BRL 1.50bn | BRL 1.54bn | BRL 1.56bn | BRL 1.49bn | BRL 1.49bn | BRL 1.44bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.9% | 33.8% | 33.0% | 33.6% | 41.6% | 41.7% |
| Operating margin | 21.9% | 29.5% | 30.5% | 27.8% | 36.3% | 35.1% |
| Net margin | 23.5% | 22.1% | 25.6% | 20.7% | 29.2% | 26.0% |
| Return on equity | 27.7% | 23.1% | 18.2% | 9.8% | 15.1% | 7.7% |
| Return on assets | 9.2% | 9.9% | 10.4% | 6.0% | 10.2% | 5.5% |
| Free cash flow yield | -3.9% | 0.6% | -7.9% | 2.8% | -4.8% | -0.2% |
| Revenue growth | 13.7% | 71.5% | 62.7% | -8.9% | 69.5% | 85.5% |
| Earnings growth | 20.9% | 48.0% | 101.5% | -35.4% | 90.0% | 111.4% |
| Current ratio | 4.46x | 4.93x | 4.93x | 4.53x | 3.17x | 4.77x |
| Debt to equity | 0.32x | 0.14x | 0.17x | 0.05x | 0.00x | 0.05x |
| Equity ratio | 33.4% | 43.0% | 57.4% | 60.8% | 67.3% | 71.9% |
| Interest coverage | 5.02x | 18.08x | 134.35x | 4407.46x | 793.57x | 241.89x |
| Buybacks as a share of market value | 0.0% | -0.0% | 0.0% | 5.9% | 3.2% | -58.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 51.1% | 36.2% | — |
| Operating income | 70.4% | 30.4% | — |
| Net income | 53.3% | 34.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.4% | 34.0% | 35.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 4.7 | 2.8 | 4.8 | 5.2 | 3.9 | 13.6 |
| Price to sales | 1.2 | 0.6 | 1.2 | 1.2 | 1.2 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 3 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 1.023 | 2.065 | 0.685 | 0.66 | 0.601 | 0.68 |
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.