Nvni Group Income Statement

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
Revenue	196.74	193.28	168.99	124.55	89.86
Revenue Growth (YoY)	1.79%	14.38%	35.68%	38.59%	-
Cost of Revenue	68.92	70.75	66.14	52.81	35.83
Gross Profit	127.82	122.53	102.85	71.73	54.03
Selling, General & Admin	113.47	85.82	121.98	80.72	78.67
Other Operating Expenses	56.06	20.23	170.06	86.72	6.75
Total Operating Expenses	169.53	106.05	292.04	167.43	85.42
Operating Income	-41.71	16.48	-189.19	-95.7	-31.39
Total Non-Operating Income (Expense)	-54.69	-85.18	-55.11	-16.73	-42.48
Pretax Income	-96.4	-68.71	-244.3	-112.43	-73.86
Provision for Income Taxes	10.49	9.5	3.56	1.78	3.84
Net Income	-112.92	-86.17	-254.71	-114.41	-77.7
Minority Interest in Earnings	6.03	7.96	6.85	0.2	-
Net Income to Common	-112.92	-86.17	-254.71	-114.41	-77.7
Shares Outstanding (Basic)	9	3	2	2	2
Shares Outstanding (Diluted)	9	3	2	2	2
Shares Change (YoY)	211.46%	31.10%	31.02%	10.24%	-
EPS (Basic)	-11.34	-25.83	-107.34	-64.80	-48.60
EPS (Diluted)	-11.34	-25.83	-107.34	-64.80	-48.60
Shares Outstanding	10.03	3.84	3.16	-	-
Free Cash Flow	6.99	36.75	-0.76	12.87	-7.81
Free Cash Flow Growth	-80.99%	-	-	-	-
Free Cash Flow Per Share	0.74	12.14	-0.33	7.30	-4.89
Gross Margin	64.97%	63.39%	60.86%	57.60%	60.13%
Operating Margin	-21.20%	8.53%	-111.96%	-76.84%	-34.92%
Profit Margin	-54.33%	-40.46%	-146.68%	-91.70%	-86.46%
FCF Margin	3.55%	19.01%	-0.45%	10.33%	-8.69%
EBITDA	-22.15	36.33	-170.48	-78.47	-17.81
EBITDA Margin	-11.26%	18.80%	-100.88%	-63.00%	-19.82%
EBIT	-41.71	16.48	-189.19	-95.7	-31.39
EBIT Margin	-21.20%	8.53%	-111.96%	-76.84%	-34.92%
Effective Tax Rate	-10.88%	-13.83%	-1.46%	-1.58%	-5.19%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q