NU (Nu Holdings Ltd.) Stock Financials & Earnings | Market Cap Arena

NU (Nu Holdings Ltd.) Stock Financials & Earnings | Market Cap Arena

NUNu Holdings Ltd.

Mkt Cap$73B

Financial Services·Banks - Diversified·🇧🇷 Brazil·NYSE

Revenue (TTM)$15.4B

Net Income (TTM)$2.9B

EPS (TTM)$0.58

Free Cash Flow (TTM)$4.9B

Gross Margin42.9%

Op. Margin25.1%

Net Margin18.6%

FCF Margin31.7%

P/S Ratio (TTM)4.7x

P/E Ratio (TTM)25.3x

YoY Rev Growth+38.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.5B	$628M	$244M
Q2 23	$1.8B	$753M	$324M
Q3 23	$2.0B	$866M	$412M
Q4 23	$2.3B	$1.1B	$560M
Q1 24	$2.6B	$1.1B	$579M
Q2 24	$2.8B	$1.3B	$725M
Q3 24	$2.9B	$1.3B	$724M
Q4 24	$2.9B	$1.3B	$767M
Q1 25	$3.1B	$1.3B	$795M
Q2 25	$3.5B	$1.5B	$879M
Q3 25	$4.0B	$1.8B	$1.1B
Q4 25	$4.7B	$2.1B	$1.1B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	13.8x	—
Q2 23	12.2x	943.6x
Q3 23	10.7x	194.9x
Q4 23	9.5x	70.4x
Q1 24	8.3x	57.2x
Q2 24	7.5x	47.4x
Q3 24	6.9x	40.7x
Q4 24	6.5x	36.8x
Q1 25	6.2x	33.7x
Q2 25	5.8x	31.5x
Q3 25	5.4x	28.7x
Q4 25	4.7x	25.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$94M	$48M
Q2 23	$1.7B	$1.6B
Q3 23	-$3.2B	-$3.3B
Q4 23	$2.7B	$2.7B
Q1 24	-$571M	-$597M
Q2 24	$2.7B	$2.7B
Q3 24	-$1.1B	-$1.1B
Q4 24	$1.4B	$1.3B
Q1 25	$1.1B	$1.0B
Q2 25	$2.6B	$2.5B
Q3 25	-$971M	-$1.1B
Q4 25	$2.5B	$2.5B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$47M
Q2 23	$52M
Q3 23	$47M
Q4 23	$31M
Q1 24	$27M
Q2 24	$17M
Q3 24	$36M
Q4 24	$96M
Q1 25	$83M
Q2 25	$70M
Q3 25	$125M
Q4 25	$266K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+88.1%	+46.4%
Q2 23	+65.7%	+32.8%
Q3 23	+64.1%	+31.4%
Q4 23	+66.9%	+8.7%
Q1 24	+71.0%	+58.5%
Q2 24	+53.1%	+37.5%
Q3 24	+40.7%	+31.8%
Q4 24	+24.4%	+20.3%
Q1 25	+19.2%	+14.1%
Q2 25	+28.7%	+31.4%
Q3 25	+40.2%	+35.4%
Q4 25	+64.6%	+73.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$58M	3.7%
Q2 23	$59M	3.3%
Q3 23	$52M	2.6%
Q4 23	$44M	1.9%
Q1 24	$79M	3.0%
Q2 24	$80M	2.9%
Q3 24	$66M	2.3%
Q4 24	$48M	1.7%
Q1 25	$78M	2.5%
Q2 25	$57M	1.6%
Q3 25	$74M	1.8%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$229M	$19M
Q2 23	$243M	$34M
Q3 23	$233M	$46M
Q4 23	$261M	$71M
Q1 24	$316M	$47M
Q2 24	$320M	$48M
Q3 24	$276M	$100M
Q4 24	$311M	$22M
Q1 25	$275M	$37M
Q2 25	$320M	$59M
Q3 25	$315M	$70M
Q4 25	$198M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$6.9B	$7.9B	$14.9B
Q2 23	$8.6B	$7.9B	$16.5B
Q3 23	$9.1B	$8.6B	$17.7B
Q4 23	$13.4B	$8.7B	$22.0B
Q1 24	$13.0B	$8.8B	$21.8B
Q2 24	$13.6B	$8.2B	$21.8B
Q3 24	$12.3B	$11.0B	$23.3B
Q4 24	$13.6B	$9.5B	$23.1B
Q1 25	$14.9B	$9.4B	$24.3B
Q2 25	$17.2B	$10.3B	$27.5B
Q3 25	$17.3B	$11.2B	$28.5B
Q4 25	$10.7B	$0	$10.7B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	4.82B	+1.4%
Q2 23	4.84B	+0.5%
Q3 23	4.86B	+0.3%
Q4 23	4.86B	+0.0%
Q1 24	4.89B	+0.6%
Q2 24	4.88B	-0.1%
Q3 24	4.89B	+0.2%
Q4 24	4.81B	-1.7%
Q1 25	4.89B	+1.8%
Q2 25	4.90B	+0.1%
Q3 25	4.91B	+0.1%
Q4 25	4.92B	+0.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	$249K	6K
FY 22	$561K	8K
FY 23	$998K	8K
FY 24	$1M	9K
FY 25	$2M	9K