Nvni Group Limited (NVNI) Income Statement
NVNI 2025 at a glance
Fiscal year ended December 31, 2025 · Brazilian reaisNVNI revenue and net income
Where NVNI's revenue goes
2025Each bar shows an amount and its share of revenue. NVNI kept −57.4% of revenue as net income.
NVNI profit margins
NVNI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.8% | +16.5% | +74.5% | — |
| Gross profit | +4.3% | +21.2% | +66.0% | — |
| Operating income | −264.8% | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NVNI income statement in Brazilian reais
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | R$196.7M | R$193.3M | R$169.0M | R$124.5M | R$89.9M | R$12.1M |
| Cost of revenue | R$68.9M | R$70.8M | R$66.1M | R$52.8M | R$39.6M | R$2.0M |
| Gross profit | R$127.8M | R$122.5M | R$102.8M | R$71.7M | R$54.0M | R$10.1M |
| Sales, general & admin | R$113.5M | R$85.8M | R$122.0M | R$80.7M | R$74.9M | R$19.0M |
| Total operating expenses | R$155.0M | R$106.0M | R$170.5M | R$167.4M | R$85.4M | R$29.1M |
| Operating income | −R$27.2M | R$16.5M | −R$1.5M | −R$95.7M | −R$31.4M | −R$19.0M |
| Interest income | R$989,000 | R$1.1M | R$799,000 | R$638,000 | R$211,000 | — |
| Interest expense | R$60.0M | R$71.8M | R$19.6M | R$15.8M | R$7.3M | — |
| Income before taxes | −R$96.4M | −R$68.7M | −R$244.3M | −R$112.4M | −R$73.9M | −R$8.8M |
| Income taxes | R$10.5M | R$9.5M | — | R$1.8M | R$3.8M | R$1.6M |
| Net income | −R$112.9M | −R$86.2M | −R$254.7M | −R$114.4M | −R$77.7M | −R$10.4M |
| EBITDA | −R$16.8M | R$22.9M | −R$206.0M | −R$79.4M | −R$53.0M | −R$6.1M |
| Gross margin | 65.0% | 63.4% | 60.9% | 57.6% | 60.1% | 83.5% |
| Operating margin | −13.8% | 8.5% | −0.9% | −76.8% | −34.9% | −156.3% |
| Net margin | −57.4% | −44.6% | −150.7% | −91.9% | −86.5% | −86.0% |
| Jun '26 | Mar '26 | Sep '25 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Mar '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | R$48.7M | R$48.7M | R$49.3M | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 | R$0 |
| Cost of revenue | R$15.6M | R$15.6M | R$16.3M | — | — | — | — | — | — | — | — |
| Gross profit | R$33.2M | R$33.2M | R$32.9M | — | — | — | — | — | — | — | — |
| Research & development | — | R$4.7M | R$4.7M | — | — | — | — | — | — | — | — |
| Sales, general & admin | R$15.8M | R$15.8M | R$28.0M | — | — | — | — | — | — | — | — |
| Total operating expenses | R$23.3M | R$23.3M | R$37.8M | R$3.3M | R$17.2M | R$3.9M | R$2.5M | R$2.2M | R$1.5M | R$1.4M | R$29,153 |
| Operating income | R$9.8M | R$9.8M | −R$4.9M | −R$3.3M | −R$17.2M | −R$3.9M | −R$2.5M | −R$2.2M | −R$1.5M | −R$1.4M | −R$29,176 |
| Interest expense | — | R$15.2M | R$15.2M | — | — | — | — | — | — | — | — |
| Income before taxes | −R$3.7M | −R$3.7M | −R$21.8M | R$1.1M | −R$20.0M | R$4.9M | R$22.6M | R$18.6M | R$27.1M | −R$3.2M | −R$29,142 |
| Income taxes | R$3.3M | R$3.3M | R$3.0M | R$492,050 | R$1.1M | R$2.1M | R$1.3M | R$187,672 | — | — | — |
| Net income | −R$8.9M | −R$8.9M | −R$27.3M | R$2.9M | −R$21.1M | R$2.8M | R$21.3M | R$18.4M | R$27.1M | −R$3.2M | −R$29,142 |
| EBITDA | R$14.7M | R$14.7M | R$7.2M | −R$3.3M | −R$17.2M | −R$3.9M | −R$2.5M | −R$2.2M | −R$1.5M | −R$1.4M | −R$29,176 |
| Gross margin | 68.1% | 68.1% | 66.8% | — | — | — | — | — | — | — | — |
| Operating margin | 20.2% | 20.2% | −9.9% | — | — | — | — | — | — | — | — |
| Net margin | −18.2% | −18.2% | −55.4% | — | — | — | — | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported in NVNI's financial statements (latest annual report filed April 30, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NVNI financial results
In fiscal year 2025 (ended December 31, 2025), Nvni reported revenue of R$196.7 million, up 1.8% from the year before. It had a net loss of R$112.9 million, a net profit margin of −57.4%. Over five years revenue grew at an average rate of 74.5% a year. Figures are in Brazilian reais, the currency of its financial statements.
See the NVNI stock overview for the latest quote and news, or the NVNI chart for price history and technical indicators.
NVNI income statement FAQ
What is Nvni's annual revenue?
Nvni reported total revenue of R$196.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 1.8% from R$193.3 million the previous year.
Is Nvni profitable?
No. Nvni reported a net loss of R$112.9 million in fiscal 2025, a net profit margin of −57.4%; its operating margin was −13.8%.
What is Nvni's gross margin?
Nvni's gross margin was 65.0% in fiscal 2025: for every $100 of revenue, Nvni kept $65 after the direct cost of its products and services.
How fast is Nvni growing?
Revenue grew 74.5% a year on average over the last five fiscal years, from R$12.1 million to R$196.7 million.
When does Nvni's fiscal year end?
Nvni's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 30, 2026.