XP Inc. Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	10,357	5,611	3,943	3,553	2,486
Short-Term Investments	90,551	-	-	140,481	115,603
Cash & Short-Term Investments	100,908	5,611	3,943	144,034	118,089
Cash Growth	1698.54%	42.28%	-97.26%	21.97%	47.66%
Accounts Receivable	1,366	778.94	601.19	597.89	469.09
Other Receivables	34,142	71,028	50,662	36,603	23,581
Total Trade Receivables	35,508	71,807	51,263	37,201	24,050
Other Current Assets	10,429	10,344	7,530	5,502	4,404
Total Current Assets	146,845	87,761	62,737	186,737	146,543
Net Property, Plant & Equipment	805	763.1	655.17	569.39	598.47
Other Intangible Assets	2,763	2,634	2,502	844.18	820.98
Long-Term Investments	3,635	3,519	3,109	2,272	2,013
Other Long-Term Assets	3,371	2,888	2,104	1,612	1,273
Total Assets	396,528	347,457	249,041	192,035	139,340
Accounts Payable	810	763.47	948.22	617.39	867.53
Accrued Expenses	1,365	1,729	705.77	1,334	1,572
Short-Term Debt	21,043	137,554	94,637	69,945	26,281
Other Current Liabilities	-	14,731	12,231	11,554	7,680
Total Current Liabilities	23,218	154,777	108,523	83,450	36,401
Long-Term Debt	123,642	96,915	62,565	45,550	26,357
Other Long-Term Liabilities	466,003	67,716	55,647	45,950	31,991
Total Long-Term Liabilities	589,645	164,631	118,212	91,500	58,348
Total Liabilities	372,981	327,410	228,590	174,992	124,921
Common Stock	0	-	-	0.02	14,417
Treasury Stock	-125	-222.18	-117.12	-1,981	-171.94
Additional Paid-in Capital	24,009	20,940	19,190	19,150	14,923
Accumulated Other Comprehensive Income	-337	-673.88	376.45	-133.91	-334.56
Total Common Shareholders' Equity	23,547	20,044	19,449	17,036	28,834
Minority Interest	1	3.68	1.49	6.48	2.79
Shareholders' Equity	23,548	20,047	19,451	17,042	14,419
Total Liabilities & Equity	396,528	347,457	248,041	192,035	139,340
Total Debt	144,685	234,469	157,202	115,494	52,639
Net Cash (Debt)	-43,777	-228,858	-153,259	28,540	65,450
Net Cash Growth	-	-	-	-56.39%	448.31%
Net Cash Per Share	-82.30	-417.38	-281.62	49.81	114.12
Book Value	23,547	20,044	19,449	17,036	28,834
Book Value Per Share	44.27	36.55	35.74	29.73	50.28
Tangible Book Value	20,784	17,409	16,947	16,192	28,013
Tangible Book Value Per Share	39.07	31.75	31.14	28.26	48.85

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.