Picpay Holdings Netherlands N.V. (PICS) Balance Sheet
PICS balance sheet, 2025
December 31, 2025 · Brazilian reaisR$41.99B assets = R$38.10B liabilities + R$3.89B equity
Both columns are drawn to the same scale: what PICS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PICS financial health
Descriptive bands, not a rating. Fiscal 2025.
PICS balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | R$9.70B2021 | R$41.99B2025 | +44.2%/yr | |
| Total liabilities | R$9.32B2021 | R$38.10B2025 | +42.2%/yr | |
| Shareholders’ equity | R$239.9M2021 | R$3.87B2025 | +100.5%/yr | |
| Cash & short-term investments | R$2.01B2021 | R$6.68B2025 | +35.1%/yr | |
| Total debt | R$2.25B2021 | R$860.7M2025 | −21.4%/yr | |
| Net cash (debt) | −R$245.1M2021 | R$5.82B2025 | +R$6.1B | |
| Working capital | −R$2.13B2021 | −R$12.36B2024 | −R$10.2B | |
| Debt / equity | 9.382021 | 0.222025 | −9.16 | |
| Shares outstanding | 129.6M2021 | 129.6M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PICS assets
PICS liabilities and equity
PICS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PICS balance sheet in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | R$6.68B | R$5.88B | R$7.10B | R$964.3M | R$2.01B |
| Cash & equivalents | R$5.70B | R$2.78B | R$4.52B | R$134.6M | R$149.4M |
| Short-term investments | R$978.3M | R$3.10B | R$2.57B | R$829.8M | R$1.86B |
| Receivables | R$5.76B | R$5.19B | R$4.07B | R$3.69B | R$2.68B |
| Inventory | R$0 | R$0 | R$0 | R$0 | R$0 |
| Other current assets | — | R$141.8M | R$77.9M | R$46.2M | R$26.8M |
| Total current assets | — | R$11.21B | R$11.24B | R$4.70B | R$4.71B |
| Property, plant & equipment (net) | R$146.2M | R$117.4M | R$78.8M | R$79.7M | R$95.1M |
| Goodwill & intangible assets | R$1.14B | R$927.4M | R$768.7M | R$409.9M | R$253.7M |
| Long-term investments | R$5.93B | R$3.14B | R$2.75B | R$1.57B | R$1.86B |
| Other non-current assets | R$34.77B | R$11.91B | R$943.9M | R$5.41B | R$2.78B |
| Total assets | R$41.99B | R$27.32B | R$15.78B | R$12.16B | R$9.70B |
| Liabilities | |||||
| Accounts payable | R$5.50B | R$3.37B | R$648.6M | R$386.0M | R$324.0M |
| Short-term debt | R$10.7M | R$9.5M | R$8.3M | R$7.2M | R$6.4M |
| Total current liabilities | — | R$23.58B | R$13.97B | R$10.57B | R$6.84B |
| Long-term debt | R$815.6M | R$704.8M | R$0 | R$0 | R$2.19B |
| Lease obligations | R$45.2M | R$53.1M | R$58.7M | R$53.0M | R$58.9M |
| Other long-term liabilities | — | R$1.27B | R$610.2M | R$434.9M | R$290.2M |
| Total liabilities | R$38.10B | R$25.55B | R$14.58B | R$11.00B | R$9.32B |
| Shareholders' equity | |||||
| Common stock & paid-in capital | — | — | R$1.7M | R$1.7M | R$272,000 |
| Retained earnings (deficit) | R$1.15B | R$224.6M | −R$1.17B | −R$1.20B | −R$1.16B |
| Accumulated other comprehensive income | R$134.8M | −R$22.6M | R$723.8M | R$719.9M | R$500.7M |
| Minority interest | R$17.1M | R$155.3M | −R$104.5M | −R$107.3M | — |
| Total shareholders' equity | R$3.87B | R$1.61B | R$1.31B | R$1.27B | R$239.9M |
| Key figures | |||||
| Total debt | R$860.7M | R$757.9M | R$58.7M | R$53.0M | R$2.25B |
| Net cash (debt) | R$5.82B | R$5.12B | R$7.04B | R$911.4M | −R$245.1M |
| Working capital | — | −R$12.36B | −R$2.73B | −R$5.87B | −R$2.13B |
| Tangible book value | R$2.73B | R$681.2M | R$539.2M | R$859.6M | −R$13.8M |
| Shares outstanding | 129.6M | 129.6M | 129.6M | 129.6M | 129.6M |
| Current ratio | — | 0.48 | 0.80 | 0.44 | 0.69 |
| Quick ratio | — | 0.47 | 0.80 | 0.44 | 0.68 |
| Debt / equity | 0.22 | 0.47 | 0.04 | 0.04 | 9.38 |
| Equity / assets | 9.2% | 5.9% | 8.3% | 10.4% | 2.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | R$5.42B | R$8.94B | R$6.68B | R$9.50B | R$8.69B | R$3.19B | R$5.88B | R$3.82B | R$6.02B | R$6.44B | R$7.10B |
| Cash & equivalents | R$2.10B | R$6.72B | R$5.70B | R$5.50B | R$3.58B | R$1.59B | R$2.78B | R$2.24B | R$5.01B | R$5.11B | R$4.52B |
| Short-term investments | R$3.32B | R$2.23B | R$978.3M | R$4.00B | R$5.11B | R$1.59B | R$3.10B | R$1.58B | — | — | R$2.57B |
| Receivables | R$31.20B | R$5.18B | R$5.76B | R$5.54B | R$6.22B | R$17.64B | R$5.19B | R$4.66B | R$9.04B | R$6.59B | R$4.07B |
| Inventory | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 |
| Other current assets | R$4.40B | — | — | R$260.3M | R$231.9M | — | R$141.8M | R$114.3M | R$1.15B | R$1.24B | R$77.9M |
| Total current assets | R$41.02B | — | — | R$15.30B | R$15.14B | — | R$11.21B | R$8.59B | R$16.21B | R$14.27B | R$11.24B |
| Property, plant & equipment (net) | R$147.6M | R$141.9M | R$146.2M | R$146.8M | R$148.8M | R$112.8M | R$117.4M | R$103.5M | R$90.1M | R$83.3M | R$78.8M |
| Goodwill & intangible assets | R$1.28B | R$1.19B | R$1.14B | R$1.12B | R$1.04B | R$1.01B | R$927.4M | R$856.6M | R$817.2M | R$839.2M | R$768.7M |
| Long-term investments | R$6.13B | R$5.73B | R$5.93B | R$4.96B | R$5.15B | R$0 | R$3.14B | R$3.05B | R$0 | R$0 | R$0 |
| Other non-current assets | R$3.51B | R$39.68B | R$34.77B | R$16.10B | R$12.60B | R$28.69B | R$11.91B | R$9.31B | R$2.48B | R$2.23B | R$3.70B |
| Total assets | R$52.09B | R$46.74B | R$41.99B | R$37.62B | R$34.09B | R$29.81B | R$27.32B | R$21.91B | R$19.60B | R$17.43B | R$15.78B |
| Liabilities | |||||||||||
| Accounts payable | R$6.54B | R$5.81B | R$5.50B | R$4.48B | R$4.80B | — | R$3.37B | R$2.58B | R$2.23B | R$2.02B | R$646.7M |
| Short-term debt | — | R$42.6M | R$10.7M | — | — | — | R$9.5M | — | R$1.8M | — | R$8.3M |
| Total current liabilities | — | — | — | R$32.23B | R$29.57B | R$5.41B | R$23.58B | R$19.29B | R$2.95B | R$2.60B | R$13.97B |
| Long-term debt | R$2.09B | R$722.3M | R$815.6M | R$789.0M | R$756.8M | R$0 | R$704.8M | R$0 | R$0 | R$0 | R$0 |
| Lease obligations | R$40.0M | R$42.6M | R$45.2M | R$46.1M | R$48.5M | — | R$53.1M | R$53.2M | — | — | — |
| Other long-term liabilities | R$43.70B | — | — | R$1.69B | R$1.24B | R$22.16B | R$1.27B | R$1.02B | R$15.28B | R$13.62B | R$610.2M |
| Total liabilities | R$45.79B | R$40.66B | R$38.10B | R$34.71B | R$31.57B | R$27.57B | R$25.55B | R$20.31B | R$18.23B | R$16.22B | R$14.58B |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | — | — | — | — | R$1.7M |
| Retained earnings (deficit) | R$1.58B | R$1.30B | R$1.15B | R$495.0M | R$403.7M | R$301.9M | R$224.6M | R$157.9M | R$63.5M | R$11.9M | −R$1.17B |
| Accumulated other comprehensive income | R$102.0M | R$140.0M | R$134.8M | R$3.9M | −R$17.7M | −R$19.0M | −R$22.6M | −R$3.6M | −R$323,000 | R$547,000 | R$723.8M |
| Minority interest | R$2.7M | R$18.9M | R$17.1M | R$202.4M | R$185.3M | — | — | — | — | — | — |
| Total shareholders' equity | R$6.30B | R$6.06B | R$3.87B | R$2.71B | R$2.34B | R$2.07B | R$1.61B | R$1.46B | R$1.36B | R$1.31B | R$1.31B |
| Key figures | |||||||||||
| Total debt | R$35.82B | R$764.8M | R$860.7M | R$835.1M | R$805.3M | R$21.47B | R$757.9M | R$53.2M | R$76.7M | R$57.4M | R$58.7M |
| Net cash (debt) | −R$30.39B | R$8.18B | R$5.82B | R$8.66B | R$7.89B | −R$18.29B | R$5.12B | R$3.76B | R$5.94B | R$6.38B | R$7.04B |
| Working capital | — | — | — | −R$16.93B | −R$14.43B | — | −R$12.36B | −R$10.70B | R$13.25B | R$11.67B | −R$2.73B |
| Tangible book value | R$5.02B | R$4.88B | R$2.73B | R$1.59B | R$1.29B | R$1.06B | R$681.2M | R$602.4M | R$547.0M | R$474.3M | R$539.2M |
| Shares outstanding | 129.6M | 129.6M | 106.7M | 129.6M | 129.6M | 129.6M | 129.6M | 129.6M | 129.6M | 34.2M | 34.3M |
| Current ratio | — | — | — | 0.47 | 0.51 | — | 0.48 | 0.45 | 5.49 | 5.50 | 0.80 |
| Quick ratio | — | — | — | 0.47 | 0.50 | 3.85 | 0.47 | 0.44 | 5.10 | 5.02 | 0.80 |
| Debt / equity | 5.69 | 0.13 | 0.22 | 0.31 | 0.34 | 10.36 | 0.47 | 0.04 | 0.06 | 0.04 | 0.04 |
| Equity / assets | 12.1% | 13.0% | 9.2% | 7.2% | 6.9% | 7.0% | 5.9% | 6.7% | 7.0% | 7.5% | 8.3% |
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.
PICS financial position
At the end of fiscal 2025 (December 31, 2025), Picpay Holdings Netherlands N.V. had total assets of R$42.0 billion (up 53.7% from a year earlier), total liabilities of R$38.1 billion and shareholders' equity of R$3.9 billion. It held R$6.7 billion in cash and short-term investments against R$860.7 million of debt, a net cash position of R$5.8 billion. In the latest quarter (ended June 30, 2026) total assets were R$52.1 billion and equity R$6.3 billion.
Related: PICS income statement, PICS cash flow statement, PICS key metrics. See the PICS stock overview for the latest quote and news.
PICS balance sheet FAQ
What are Picpay Holdings Netherlands N.V.'s total assets?
Picpay Holdings Netherlands N.V. reported total assets of R$42.0 billion at the end of fiscal 2025 (December 31, 2025), compared with R$27.3 billion a year earlier.
How much debt does Picpay Holdings Netherlands N.V. have?
Picpay Holdings Netherlands N.V. had R$860.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.22.
How much cash does Picpay Holdings Netherlands N.V. have?
Picpay Holdings Netherlands N.V. held R$6.7 billion in cash and short-term investments at the end of fiscal 2025; with R$860.7 million of debt that is net cash of R$5.8 billion.
What is Picpay Holdings Netherlands N.V.'s book value?
Picpay Holdings Netherlands N.V.'s shareholders' equity (book value) was R$3.9 billion at the end of fiscal 2025.
How much goodwill does Picpay Holdings Netherlands N.V. have?
Picpay Holdings Netherlands N.V. carried R$1.1 billion of goodwill and intangible assets, 2.7% of total assets, at the end of fiscal 2025.