Nvni Group Limited (NVNI) Balance Sheet

NASDAQ: NVNIAssets, liabilities, debt and equity over 6 years.

NVNI balance sheet, 2025

December 31, 2025 · Brazilian reais

R$347.7M assets = R$502.5M liabilities + −R$154.8M equity

What it ownsR$347.7MCash & ST investments: R$13.5M (3.9%)Receivables: R$16.9M (4.9%)Other current: R$30.9M (8.9%)Other current R$30.9MPP&E: R$5.9M (1.7%)Goodwill & intangibles: R$269.6M (77.5%)Goodwill & intangiblesR$269.6M · 78%Other non-current: R$11.0M (3.2%)=How it is financedR$502.5MCurrent liabilities: R$409.8M (81.5%)Current liabilitiesR$409.8M · 82%Long-term debt: R$28.6M (5.7%)Other LT liabilities: R$64.2M (12.8%)Other LT liabilitiesR$64.2M · 13%

Liabilities exceed assets: shareholders’ equity is negative (−R$154.8M).

Both columns are drawn to the same scale: what NVNI owns equals what it owes plus shareholders’ equity. Hover a block for its value.

NVNI financial health

Current ratio0.15
Tight · current assets cover current liabilities 0.15×
Equity / assets−42.9%
Thin equity · of assets funded by shareholders
Cash / debt21.1%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles77.5%
Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

NVNI balance sheet trends, 2020–2025

MetricTrendThenLatestChange
Total assetsR$92.7M2020R$347.7M2025+30.3%/yr
Total liabilitiesR$95.9M2020R$502.5M2025+39.3%/yr
Shareholders’ equity−R$3.2M2020−R$149.2M2025—
Cash & short-term investmentsR$1.6M2020R$13.5M2025+52.2%/yr
Total debtR$1.1M2020R$63.6M2025+124.8%/yr
Net cash (debt)R$540,0002020−R$50.2M2025−R$50.7M
Working capital−R$23.2M2020−R$348.5M2025−R$325.3M
Current ratio0.0720200.152025+0.08
Shares outstanding27.7M20203.0M2025−35.8%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

NVNI assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

NVNI liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NVNI debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

NVNI balance sheet in Brazilian reais

202520242023202220212020
Assets
Cash & short-term investmentsR$13.5MR$18.0MR$11.4MR$8.0MR$10.9MR$1.6M
Cash & equivalentsR$13.5MR$18.0MR$11.4MR$8.0MR$10.9MR$1.6M
ReceivablesR$16.9MR$15.0MR$14.3MR$10.1MR$10.2MR$17,000
InventoryR$0R$0R$0R$1.1MR$1.8MR$33,000
Other current assetsR$30.9MR$35.3MR$36.5MR$1.1MR$707,000R$11,000
Total current assetsR$61.2MR$68.3MR$62.2MR$20.3MR$23.7MR$1.7M
Property, plant & equipment (net)R$5.9MR$6.3MR$5.4MR$4.4MR$4.9MR$210,000
Goodwill & intangible assetsR$269.6MR$319.4MR$341.2MR$338.5MR$437.8MR$90.7M
Long-term investmentsR$0R$0R$0R$0R$0R$0
Other non-current assetsR$11.0MR$11.4MR$11.1MR$4.0MR$173,000R$5,000
Total assetsR$347.7MR$405.4MR$419.9MR$367.1MR$466.5MR$92.7M
Liabilities
Accounts payableR$56.9MR$61.3MR$47.1MR$7.3MR$5.3MR$773,000
Short-term debtR$33.9MR$45.1M—R$64.0MR$77.9MR$24.1M
Deferred revenueR$3.9MR$3.7M—R$3.8MR$4.4MR$38,000
Total current liabilitiesR$409.8MR$416.6MR$370.7MR$332.1MR$226.8MR$24.9M
Long-term debtR$28.6MR$22.4MR$14.2MR$9.2MR$1.9MR$0
Lease obligationsR$2.2MR$1.9MR$1.5MR$1.6MR$2.5MR$0
Other long-term liabilitiesR$64.2MR$78.0MR$88.5MR$120.8MR$274.6MR$71.0M
Total liabilitiesR$502.5MR$517.0MR$473.5MR$462.0MR$503.3MR$95.9M
Shareholders' equity
Common stock & paid-in capitalR$369.1MR$283.4M—R$40.4MR$38.9MR$10,000
Retained earnings (deficit)−R$638.0M−R$529.8M−R$446.6M−R$193.8M−R$79.4M−R$1.7M
Accumulated other comprehensive incomeR$119.7MR$125.9M—R$54.6MR$3.7M−R$1.5M
Minority interest−R$5.6MR$8.9MR$4.3MR$3.9M——
Total shareholders' equity−R$149.2M−R$120.5M−R$53.6M−R$98.8M−R$36.8M−R$3.2M
Key figures
Total debtR$63.6MR$68.6MR$14.2MR$73.8MR$81.2MR$1.1M
Net cash (debt)−R$50.2M−R$50.6M−R$2.8M−R$65.8M−R$70.3MR$540,000
Working capital−R$348.5M−R$348.3M−R$308.6M−R$311.8M−R$203.1M−R$23.2M
Tangible book value−R$418.8M−R$439.9M−R$394.8M−R$437.3M−R$474.6M−R$94.0M
Shares outstanding3.0M3.0M27.7M2.3M2.8M27.7M
Current ratio0.150.160.170.060.100.07
Quick ratio0.070.080.070.050.090.07
Equity / assets−42.9%−29.7%−12.8%−26.9%−7.9%−3.5%

Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported (latest annual report filed April 30, 2026); data from EODHD.

NVNI financial position

At the end of fiscal 2025 (December 31, 2025), Nvni had total assets of R$347.7 million (down 14.2% from a year earlier), total liabilities of R$502.5 million and shareholders' equity of -R$149.2 million. It held R$13.5 million in cash and short-term investments against R$63.6 million of debt, net debt of R$50.2 million. Its current ratio was 0.15. In the latest quarter (ended June 30, 2026) total assets were R$336.8 million and equity -R$168.7 million.

Related: NVNI income statement, NVNI cash flow statement, NVNI key metrics. See the NVNI stock overview for the latest quote and news.

NVNI balance sheet FAQ

What are Nvni's total assets?

Nvni reported total assets of R$347.7 million at the end of fiscal 2025 (December 31, 2025), compared with R$405.4 million a year earlier.

How much debt does Nvni have?

Nvni had R$63.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.

How much cash does Nvni have?

Nvni held R$13.5 million in cash and short-term investments at the end of fiscal 2025; with R$63.6 million of debt that is net debt of R$50.2 million.

What is Nvni's book value?

Nvni's shareholders' equity (book value) was -R$149.2 million at the end of fiscal 2025.

What is Nvni's current ratio?

Nvni had current assets of R$61.2 million and current liabilities of R$409.8 million, a current ratio of 0.15 (current liabilities exceed current assets).

How much goodwill does Nvni have?

Nvni carried R$269.6 million of goodwill and intangible assets, 77.5% of total assets, at the end of fiscal 2025.

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