Nubank is a Brazilian financial technology firm that offers digital banking services in Brazil, Mexico, and Colombia. Founded in 2013, it is best known for its credit cards and online savings accounts.
It is a $77.6B financial services company. Revenue grew 26.8% over the last year, and it keeps 41¢ of every dollar of sales as profit. It trades at 21.6× earnings.
- Website
- nubank.com.br
- Employees
- 10 027
- Sector
- Financial Services
- Founded
- 1997
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability; Valuation, Growth, Health, Quality and Moat lag behind.
Valuation45
- P/E vs own history27th pct · 20/25
- FCF yield-13.3% · 0/25
- P/S4.0x · 20/25
- EV/EBITDA26.4x · 5/25
Growth45
- Revenue CAGR69.3% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth16.7% · 20/25
Profitability95
- ROIC72.1% · 25/25
- ROE30.3% · 25/25
- Net margin41.0% · 25/25
- Operating margin22.7% · 20/25
Health28
- Altman Z0.44 · 3/25
- Current ratio0.17 · 0/25
- Interest coverage-0.9x · 0/25
- Net cash / debtNet cash · 25/25
Quality16
- Piotroski F4/9 · 10/25
- Beneish M-1.68 · 6/25
- FCF conversion-360% · 0/25
- Margin stabilityσ 33.4% · 0/25
Moat38
- ROIC >12% years2/4 yrs · 13/25
- Median gross margin100.0% · 25/25
- FCF-positive years0/5 yrs · 0/25
- Worst-year net marginworst -19.8% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$2.87B net income
- FY2023FinancialTurned profitable$1.03B net income after a loss year
- 2023ProductNCsoft released the MMPRPG 'Throne and Liberty'
- FY2022FinancialRevenue crossed $1B$1.84B for the year
- 2022AcquisitionThe Public Investment Fund of Saudi Arabia acquired a 9.26 percent stake in NCSoft, becoming the…
- Aug 21, 2020ProductNCSoft entered the Korean entertainment industry by launching a new subsidiary called "Klap Co.,…
- 2012ProductNCSoft launched Blade & Soul, its first MMORPG since Aion launched in 2008
- Feb 15, 2012AcquisitionThe talks were expected to last less than a month, but it took seven for NCSoft to complete the acquisition
- Jul 8, 2011AcquisitionNCSoft started talks with SK Telecom to acquire Ntreev Soft Co., Ltd
- 2004ProductNCSoft launched two MMORPGs, Lineage II and City of Heroes
- 2001ProductThe company created a US subsidiary under the name NC Interactive (based in Austin, Texas
- 1998ProductNCSoft launched its first game Lineage
- 1997FoundedNCSoft was founded in March 1997 by Kim Taek-jin
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (41.2%)
- Strongly profitable — 41.0% net margin
- Revenue growing 26.8% year over year
- Net cash position after subtracting debt from cash
- High returns on invested capital (ROIC 72.1%)
Watch-outs
- Negative free cash flow (-$10.3B)
- Altman Z-Score 0.44 — elevated financial-distress risk
- Thin interest coverage (-0.9×)
- Loss-making in 2 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+26.8% YoY
- Profitable — makes more than it spends$2.87B FY2025
- Profit growing — earnings are higher than last year+45.5% YoY
- Generates cash — cash left after running and investing-$10.3B FY2025
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$77.6B market cap
- Not printing shares — share count not ballooning — you keep your slice+2.9% shares over ~5y
- Proven track record — years of profitability behind it3/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.4 — distress
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 21.6
Peer comparisonNu Holdings Ltd. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| NU this company | $77.6B | 21.6 | +26.8% | 41.0% | Strained |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: NU vs BRK.A · NU vs BRK.B · NU vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/NU
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of NU on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $16.07 · market cap $77.6B.