TOTVS S.A. (BVMF:TOTS3)

TOTVS Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	5,915	5,224	4,440	3,793	2,977	2,596
Revenue Growth (YoY)	18.37%	17.65%	17.07%	27.40%	14.69%	13.76%
Cost of Revenue	1,789	1,594	1,304	1,145	918.85	846.13
Gross Profit	4,126	3,630	3,136	2,648	2,058	1,750
Selling, General & Admin	1,922	1,726	1,491	1,274	975.34	922.56
Research & Development	1,053	945.25	844.76	719.81	559.36	462.18
Other Operating Expenses	70.46	53.66	66.01	-4.57	-8.24	-3.09
Operating Expenses	3,106	2,785	2,438	1,989	1,526	1,382
Operating Income	1,020	845.32	697.5	658.27	532.01	368.31
Interest Expense	-243.63	-206.33	-237.3	-239.22	-86.95	-23.8
Interest & Investment Income	263.56	263.99	329.95	345.88	85.81	38.26
Earnings From Equity Investments	14.72	-1.57	3.2	-0.44	-0.53	-0.29
Currency Exchange Gain (Loss)	-3.1	2.91	-0.27	1.25	-0.15	1.83
Other Non Operating Income (Expenses)	-71.49	-109.89	-109.79	-87.39	-52.91	-27.72
EBT Excluding Unusual Items	980.41	794.43	683.29	678.34	477.28	356.58
Merger & Restructuring Charges	-3.06	-3.06	-	-	-	-
Gain (Loss) on Sale of Investments	-11.01	-11.01	-	-4.69	1.16	-
Gain (Loss) on Sale of Assets	24.94	24.94	-	-	-	-
Other Unusual Items	28.32	22.65	-	-12.06	1.09	25.53
Pretax Income	1,020	827.94	683.29	661.6	479.53	382.1
Income Tax Expense	181.96	91.42	146.62	141.2	84.81	86.07
Earnings From Continuing Operations	837.64	736.53	536.67	520.39	394.72	296.04
Earnings From Discontinued Operations	-0.9	-1.09	227.77	2.91	-20.68	-1.08
Net Income to Company	836.75	735.44	764.44	523.3	374.04	294.96
Minority Interest in Earnings	-25.08	-17.93	-29.62	-25.17	-5.55	-
Net Income	811.67	717.51	734.82	498.14	368.49	294.96
Net Income to Common	811.67	717.51	734.82	498.14	368.49	294.96
Net Income Growth	24.86%	-2.35%	47.51%	35.18%	24.93%	40.59%
Shares Outstanding (Basic)	587	595	604	607	580	568
Shares Outstanding (Diluted)	598	605	613	616	588	575
Shares Change (YoY)	-1.83%	-1.35%	-0.39%	4.76%	2.22%	5.08%
EPS (Basic)	1.38	1.21	1.22	0.82	0.64	0.52
EPS (Diluted)	1.36	1.19	1.20	0.81	0.63	0.51
EPS Growth	27.18%	-1.02%	48.09%	29.04%	22.22%	33.79%
Free Cash Flow	1,101	994.74	828.85	814.62	481	339.68
Free Cash Flow Per Share	1.84	1.64	1.35	1.32	0.82	0.59
Dividend Per Share	0.370	0.450	0.440	0.310	0.220	0.260
Dividend Growth	-15.91%	2.27%	41.94%	40.91%	-15.38%	44.44%
Gross Margin	69.75%	69.48%	70.62%	69.80%	69.14%	67.41%
Operating Margin	17.25%	16.18%	15.71%	17.36%	17.87%	14.19%
Profit Margin	13.72%	13.73%	16.55%	13.13%	12.38%	11.36%
Free Cash Flow Margin	18.61%	19.04%	18.67%	21.48%	16.16%	13.08%
EBITDA	1,090	1,017	832.03	773.4	624.32	471.19
EBITDA Margin	18.42%	19.46%	18.74%	20.39%	20.97%	18.15%
D&A For EBITDA	69.27	171.44	134.53	115.14	92.31	102.88
EBIT	1,020	845.32	697.5	658.27	532.01	368.31
EBIT Margin	17.25%	16.18%	15.71%	17.36%	17.87%	14.19%
Effective Tax Rate	17.85%	11.04%	21.46%	21.34%	17.69%	22.53%
Revenue as Reported	-	-	-	-	-	2,596

Source: S&P Global Market Intelligence. Standard template. Financial Sources.