S 
6.25
+0.97%
Close of 6 Nov 2026, in BRL
At a glance
Figures in BRL, from our data supplier.
Revenue
BRL 592.9m
FY2017FY2025
Net income
−BRL 202.2m
FY2017FY2025
Free cash flow
−BRL 24.6m
FY2017FY2025
Shareholders' equity
−BRL 183.2m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 592.9m | BRL 769.0m | BRL 744.7m | BRL 1.80bn | BRL 1.52bn | BRL 998.1m | BRL 527.3m | BRL 362.4m | BRL 287.9m |
| Gross profit | BRL 40.4m | −BRL 25.2m | −BRL 86.8m | BRL 313.6m | BRL 266.4m | BRL 215.4m | BRL 104.6m | BRL 72.1m | BRL 73.1m |
| Operating income | −BRL 92.5m | −BRL 1.08bn | −BRL 739.4m | −BRL 6.6m | BRL 26.9m | BRL 43.7m | BRL 24.4m | BRL 16.5m | BRL 20.4m |
| Net income | −BRL 202.2m | −BRL 1.09bn | −BRL 822.2m | −BRL 106.9m | −BRL 17.9m | BRL 7.0m | −BRL 7.1m | −BRL 636,000 | BRL 2.8m |
| Diluted earnings per share | -16.87 | -47.98 | -10.95 | -0.73 | -0.13 | 0.06 | -0.07 | -0.00 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 752.6m | BRL 1.23bn | BRL 1.56bn | BRL 1.98bn | BRL 1.98bn | BRL 1.38bn | BRL 613.0m | BRL 316.8m | BRL 269.3m |
| Cash and short-term investments | BRL 56.6m | BRL 21.9m | BRL 30.0m | BRL 119.3m | BRL 168.9m | BRL 409.2m | BRL 91.6m | BRL 50.5m | BRL 20.5m |
| Total liabilities | BRL 935.9m | BRL 2.16bn | BRL 1.44bn | BRL 1.48bn | BRL 1.38bn | BRL 964.6m | BRL 526.6m | BRL 227.1m | BRL 197.0m |
| Debt | BRL 328.6m | BRL 1.01bn | BRL 717.5m | BRL 879.6m | BRL 668.1m | BRL 599.1m | BRL 347.7m | BRL 122.5m | BRL 98.0m |
| Shareholders' equity | −BRL 183.2m | −BRL 758.4m | BRL 117.6m | BRL 498.3m | BRL 600.8m | BRL 411.3m | BRL 86.3m | BRL 89.7m | BRL 72.3m |
| Shares outstanding | 12m | 23m | 75m | 146m | 142m | 124m | 99m | 132m | 132m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −BRL 18.5m | BRL 76.7m | −BRL 279.3m | BRL 51.9m | −BRL 87.9m | BRL 28.4m | BRL 29.9m | −BRL 5.0m | BRL 5.2m |
| Capital spending | −BRL 6.0m | −BRL 6.3m | −BRL 11.4m | −BRL 59.6m | −BRL 52.6m | −BRL 35.7m | −BRL 21.6m | −BRL 8.9m | −BRL 4.6m |
| Free cash flow | −BRL 24.6m | BRL 70.4m | −BRL 290.7m | −BRL 7.7m | −BRL 140.5m | −BRL 7.4m | BRL 8.4m | −BRL 13.9m | BRL 664,000 |
| Dividends paid | — | — | — | — | — | −BRL 3.5m | −BRL 4.3m | −BRL 4.3m | −BRL 4.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 137.8m | BRL 127.8m | BRL 129.4m | BRL 152.4m | BRL 157.5m | BRL 153.6m | BRL 194.6m | BRL 216.6m |
| Gross profit | BRL 25.4m | BRL 9.2m | BRL 9.8m | BRL 10.7m | BRL 13.9m | BRL 6.0m | −BRL 37.6m | BRL 3.4m |
| Operating income | −BRL 14.4m | −BRL 59.5m | BRL 13.7m | −BRL 46.2m | −BRL 68.8m | BRL 8.7m | −BRL 720.7m | −BRL 245.7m |
| Net income | −BRL 7.2m | −BRL 77.1m | −BRL 70.9m | −BRL 92.6m | −BRL 106.4m | BRL 68.2m | −BRL 577.5m | −BRL 287.8m |
| Diluted earnings per share | -0.00 | -0.01 | -5.92 | -7.73 | -8.88 | 5.69 | -25.32 | -12.62 |
| Cash from operations | −BRL 2.0m | −BRL 17.0m | BRL 38.0m | −BRL 41.0m | −BRL 33.0m | BRL 18.0m | BRL 85.0m | −BRL 4.0m |
| Capital spending | — | — | −BRL 5.0m | — | — | — | −BRL 6.0m | — |
| Free cash flow | — | — | BRL 33.0m | — | — | — | BRL 79.0m | — |
| Total assets | BRL 665.0m | BRL 692.9m | BRL 752.6m | BRL 794.3m | BRL 823.1m | BRL 850.1m | BRL 1.23bn | BRL 1.91bn |
| Cash and short-term investments | BRL 46.2m | BRL 30.9m | BRL 56.6m | BRL 10.7m | BRL 5.2m | BRL 6.2m | BRL 21.9m | BRL 13.3m |
| Debt | BRL 133.3m | BRL 337.4m | BRL 328.6m | BRL 836.9m | BRL 897.1m | BRL 848.8m | BRL 1.01bn | BRL 564.0m |
| Shareholders' equity | −BRL 252.7m | −BRL 254.6m | −BRL 183.2m | −BRL 964.9m | −BRL 592.2m | −BRL 545.3m | −BRL 758.4m | BRL 306.7m |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 6.8% | -3.3% | -11.7% | 17.4% | 17.5% | 21.6% |
| Operating margin | -15.6% | -144.7% | -99.3% | -0.0% | 3.5% | 4.0% |
| Net margin | -34.1% | -142.3% | -110.4% | -5.9% | -1.2% | 0.7% |
| Return on equity | 110.3% | 144.3% | -699.4% | -21.4% | -3.0% | 1.7% |
| Return on assets | -26.9% | -88.8% | -52.7% | -5.4% | -0.9% | 0.5% |
| Free cash flow yield | -2616.7% | 9104.7% | -8921.1% | 1915.3% | -619.1% | 1293.3% |
| Revenue growth | -22.9% | 3.3% | -58.7% | 18.7% | 52.3% | 89.3% |
| Earnings growth | -81.5% | 33.1% | 669.4% | 498.4% | -354.1% | -198.3% |
| Current ratio | 0.39x | 0.24x | 0.42x | 1.14x | 1.25x | 2.16x |
| Debt to equity | -1.79x | -1.24x | 4.39x | 1.19x | 0.75x | 1.02x |
| Equity ratio | -24.3% | -61.5% | 7.5% | 25.1% | 30.3% | 29.9% |
| Interest coverage | -0.73x | -6.49x | -3.51x | -0.00x | 0.67x | 0.92x |
| Buybacks as a share of market value | 47.4% | 69.6% | 48.4% | -2.2% | -14.9% | -25.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -31.0% | -9.9% | — |
| Operating income | 141.1% | — | — |
| Net income | 23.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 1.1% | 6.2% | 11.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -23.5 | -74.0 | -981.3 | -112877.8 | -3072868.3 |
| Price to sales | 8.0 | 105.3 | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 2 Dec 2025
- 20-to-1 reverse split · 31 May 2024
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.