Nvni Group Limited (NVNIF) Balance Sheet

NASDAQ: NVNIFAssets, liabilities, debt and equity over 4 years.

NVNIF 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$11.1M (3.2%)Other current: R$36.6M (10.5%)Other current R$36.6MPP&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 NVNIF owns equals what it owes plus shareholders’ equity. Hover a block for its value.

NVNIF 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 / debt47.1%
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.

NVNIF balance sheet trends, 2022–2025

MetricTrendThenLatestChange
Total assetsR$367.1M2022R$347.7M2025−1.8%/yr
Total liabilitiesR$462.0M2022R$502.5M2025+2.8%/yr
Shareholders’ equity−R$98.8M2022−R$149.2M2025—
Cash & short-term investmentsR$8.0M2022R$13.5M2025+18.8%/yr
Total debtR$9.2M2022R$28.6M2025+46.2%/yr
Net cash (debt)−R$1.1M2022−R$15.1M2025−R$14.0M
Working capital−R$311.8M2022−R$348.5M2025−R$36.7M
Current ratio0.0620220.152025+0.09
Shares outstanding27.7M202210.0M2025−28.7%/yr

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

NVNIF assets

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

NVNIF liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NVNIF debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

NVNIF balance sheet in Brazilian reais

2025202420232022
Assets
Cash & short-term investmentsR$13.5MR$18.0MR$11.4MR$8.0M
Cash & equivalentsR$13.5MR$18.0MR$11.4MR$8.0M
ReceivablesR$11.1MR$15.0MR$14.3MR$10.1M
InventoryR$0R$0R$0R$0
Other current assetsR$36.6MR$35.3MR$36.5MR$2.2M
Total current assetsR$61.2MR$68.3MR$62.2MR$20.3M
Property, plant & equipment (net)R$5.9MR$6.3MR$5.4MR$4.4M
Goodwill & intangible assetsR$269.6MR$319.4MR$341.2MR$338.5M
Long-term investmentsR$0R$0R$0R$0
Other non-current assetsR$11.0MR$11.4MR$11.1MR$4.0M
Total assetsR$347.7MR$405.4MR$419.9MR$367.1M
Liabilities
Accounts payableR$56.9MR$61.3MR$47.1MR$7.3M
Total current liabilitiesR$409.8MR$416.6MR$370.7MR$332.1M
Long-term debtR$28.6MR$22.4MR$14.2MR$9.2M
Lease obligationsR$2.2MR$1.9MR$1.5MR$1.6M
Other long-term liabilitiesR$64.2MR$78.0MR$88.5MR$120.8M
Total liabilitiesR$502.5MR$517.0MR$473.5MR$462.0M
Shareholders' equity
Retained earnings (deficit)−R$638.0M−R$529.8M−R$446.6M−R$193.8M
Minority interest−R$5.6MR$8.9MR$4.3MR$3.9M
Total shareholders' equity−R$149.2M−R$120.5M−R$58.0M−R$98.8M
Key figures
Total debtR$28.6MR$22.4MR$14.2MR$9.2M
Net cash (debt)−R$15.1M−R$4.4M−R$2.8M−R$1.1M
Working capital−R$348.5M−R$348.3M−R$308.6M−R$311.8M
Tangible book value−R$418.8M−R$439.9M−R$399.1M−R$437.3M
Shares outstanding10.0M34.6M27.7M27.7M
Current ratio0.150.160.170.06
Quick ratio0.060.080.070.05
Equity / assets−42.9%−29.7%−13.8%−26.9%

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

NVNIF 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$28.6 million of debt, net debt of R$15.1 million. Its current ratio was 0.15.

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

NVNIF 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$28.6 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$28.6 million of debt that is net debt of R$15.1 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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