STNE

MKT CAP:$3B

StoneCo Ltd.

Market Cap

$3B

Technology·Software - Infrastructure·🇰🇾 Cayman Islands·NASDAQ

Technology·Software Infra·🇰🇾·NASDAQ

Stock Price

$14.55-$0.14 (-0.95%)

Apr 23, 2026

Company Details

StoneCo Ltd. provides financial technology solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary S...

CEO

Mateus Scherer Schwening

IPO Date

Oct 25, 2018

Website

www.stone.co

Key Metrics TTM

Revenue

$2.6B

+17.3% YoY

Net Income

-$263M

EPS (Diluted)

-$0.89

Free Cash Flow

-$258M

Revenue / Share

$9.31

Gross Margin

74.8%

Operating Margin

48.7%

Net Margin

-10.2%

FCF Margin

-10.0%

P/S

1.3x

P/E

—

Earnings Reports

Q3 2025

May 14, 2026

PENDING

Q2 2025

Aug 7, 2025

$662M+17.5%EPS $0.44

Q1 2025

May 8, 2025

$641M+20.2%EPS $0.36

Q4 2024

Apr 24, 2025

$703M+12.7%EPS -$2.01

Q2 2024

Aug 14, 2024

$563MEPS $0.32

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 19	$126M	$103M	$68M
Q4 19	$146M	$120M	$71M
Q1 20	$137M	$107M	$69M
Q1 21	$167M	$118M	$62M
Q3 21	$285M	$179M	$45M
Q1 22	$390M	$254M	$124M
Q2 22	$433M	$307M	$184M
Q3 22	$475M	$339M	$190M
Q4 22	$519M	$378M	$216M
Q1 23	$514M	$369M	$216M
Q4 23	$624M	$462M	$295M
Q1 24	$533M	$399M	$262M
Q2 24	$563M	$423M	$277M
Q4 24	$703M	$526M	$340M
Q1 25	$641M	$482M	$317M
Q2 25	$662M	$491M	$319M

Valuation

Quarter	P/S	P/E
Q3 19	7.4x	24.0x
Q4 19	6.7x	19.9x
Q1 20	6.2x	20.4x
Q1 21	5.6x	20.8x
Q3 21	4.4x	—
Q1 22	3.3x	—
Q2 22	2.5x	—
Q3 22	2.0x	—
Q4 22	1.8x	—
Q1 23	1.7x	783.6x
Q4 23	1.5x	13.8x
Q1 24	1.5x	12.0x
Q2 24	1.4x	9.2x
Q4 24	1.3x	—
Q1 25	1.3x	—
Q2 25	1.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 19	$38M	-$5M
Q4 19	-$134M	-$141M
Q1 20	$73M	$50M
Q1 21	-$18M	-$94M
Q3 21	$358M	$341M
Q1 22	$160M	$111M
Q2 22	$144M	$100M
Q3 22	-$34M	-$44M
Q4 22	$69M	$38M
Q1 23	$235M	$152M
Q4 23	-$84M	-$133M
Q1 24	-$498M	-$560M
Q2 24	-$144M	-$214M
Q4 24	-$61M	-$126M
Q1 25	$126M	$68M
Q2 25	$78M	$14M

Capital Expenditures

Quarter	CapEx
Q3 19	$43M
Q4 19	$8M
Q1 20	$23M
Q1 21	$76M
Q3 21	$18M
Q1 22	$49M
Q2 22	$44M
Q3 22	$9M
Q4 22	$31M
Q1 23	$84M
Q4 23	$49M
Q1 24	$62M
Q2 24	$69M
Q4 24	$65M
Q1 25	$58M
Q2 25	$64M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 19	+287.8%	+179.8%
Q4 19	+45.3%	+60.3%
Q1 20	+38.3%	+57.7%
Q1 21	+50.6%	+95.9%
Q3 21	+127.1%	+318.3%
Q1 22	+166.8%	+253.9%
Q2 22	+216.3%	+267.6%
Q3 22	+184.8%	+171.3%
Q4 22	+81.9%	+25.7%
Q1 23	+31.8%	+11.8%
Q4 23	+44.1%	+32.5%
Q1 24	+12.3%	-4.5%
Q2 24	+8.6%	-5.4%
Q4 24	+36.7%	+22.0%
Q1 25	+2.6%	-1.6%
Q2 25	+24.2%	+26.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 19	$1M	1.0%
Q4 19	$2M	1.1%
Q1 20	$1M	1.0%
Q1 21	$4M	2.7%
Q3 21	$8M	2.9%
Q1 22	$8M	2.0%
Q2 22	$8M	1.8%
Q3 22	$14M	3.0%
Q4 22	$12M	2.3%
Q1 23	$14M	2.7%
Q4 23	$14M	2.2%
Q1 24	$5M	1.0%
Q2 24	$13M	2.3%
Q4 24	$15M	2.1%
Q1 25	$18M	2.7%
Q2 25	$20M	2.9%

OpEx Breakdown

Quarter	G&A	S&M
Q3 19	$14M	$20M
Q4 19	$15M	$22M
Q1 20	$15M	$23M
Q1 21	$24M	$33M
Q3 21	$72M	$62M
Q1 22	$48M	$77M
Q2 22	$55M	$68M
Q3 22	$57M	$78M
Q4 22	$66M	$82M
Q1 23	$60M	$79M
Q4 23	$62M	$91M
Q1 24	$40M	$93M
Q2 24	$41M	$92M
Q4 24	$61M	$111M
Q1 25	$42M	$106M
Q2 25	$45M	$107M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 19	287.8%	59.4%	347.2
Q4 19	45.3%	58.2%	103.4
Q1 20	38.3%	59.0%	97.3
Q1 21	50.6%	47.3%	97.9
Q3 21	127.1%	30.8%	157.9
Q1 22	166.8%	41.0%	207.7
Q2 22	216.3%	48.5%	264.7
Q3 22	184.8%	47.9%	232.7
Q4 22	81.9%	46.1%	128.0
Q1 23	31.8%	49.2%	81.0
Q4 23	44.1%	54.6%	98.7
Q1 24	12.3%	51.6%	63.9
Q2 24	8.6%	55.0%	63.6
Q4 24	36.7%	52.5%	89.2
Q1 25	2.6%	54.1%	56.8
Q2 25	24.2%	53.5%	77.8

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$840M	$509M	$1.3B
Q2 22	$763M	$501M	$1.3B
Q3 22	$472M	$547M	$1.0B
Q4 22	$305M	$1.5B	$1.8B
Q1 23	$374M	$1.5B	$1.8B
Q2 23	$444M	$1.5B	$2.0B
Q3 23	$744M	$1.3B	$2.1B
Q4 23	$438M	$2.0B	$2.4B
Q1 24	$1.0B	$1.4B	$2.4B
Q2 24	$956M	$1.4B	$2.4B
Q3 24	$809M	$1.6B	$2.4B
Q4 24	$1.1B	$1.9B	$2.9B
Q1 25	$1.1B	$460M	$1.6B
Q2 25	$1.0B	$375M	$1.4B
Q3 25	$1.1B	$397M	$1.5B
Q4 25	$971M	$225M	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 19	282M	-0.1%	+37.5%
Q4 19	277M	-1.7%	+0.1%
Q1 20	282M	+1.6%	-0.2%
Q1 21	315M	+11.7%	+11.5%
Q3 21	311M	-1.2%	+10.3%
Q1 22	310M	-0.3%	+11.9%
Q2 22	311M	+0.3%	+10.5%
Q3 22	303M	-2.6%	-3.7%
Q4 22	313M	+3.1%	+0.5%
Q1 23	338M	+8.2%	+9.0%
Q4 23	318M	-5.9%	+2.3%
Q1 24	316M	-0.7%	+4.2%
Q2 24	315M	-0.4%	+0.7%
Q4 24	293M	-7.0%	-13.5%
Q1 25	286M	-2.3%	-10.2%
Q2 25	276M	-3.6%	-12.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 19	$35.1K	4K
Q4 19	$24.6K	6K
Q1 20	$23.1K	6K
Q1 21	$23.0K	7K
Q3 21	$39.4K	7K
Q1 22	$22.1K	18K
Q2 22	$24.5K	18K
Q3 22	$26.8K	18K
Q4 22	$31.1K	17K
Q1 23	$30.8K	17K
Q4 23	$36.5K	17K
Q1 24	$31.2K	17K
Q2 24	$33.0K	17K
Q4 24	$41.9K	17K
Q1 25	$38.1K	17K
Q2 25	$39.4K	17K

Revenue / Employee