NASDAQ : PICS
Pics N.V. — Financial statements
Financials · Credit Services · Brazil
Last price 7.1 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 920.07M
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Financial statements
Pics N.V. (PICS) reported revenue of 13.38B BRL (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.32B | 1.89B | 1.52B | 1.06B | 833.32M | 226.28M |
| Other Revenue | 11.06B | 8.39B | 4.05B | 2.40B | 2.10B | 918.43M |
| Revenue | 13.38B | 10.28B | 5.57B | 3.46B | 2.94B | 1.14B |
| Cost of Revenue | 2.20B | 2.11B | 1.58B | 1.32B | 520.87M | 572.23M |
| Gross Profit | 11.18B | 8.16B | 3.99B | 2.14B | 2.41B | 572.48M |
| Selling, General & Admin | 1.08B | 825.09M | 547.18M | 433.87M | 1.57B | 1.75B |
| Research & Development | 609.13M | 502.69M | 508.60M | 312.10M | 299.44M | |
| Other Operating Expenses | 7.50M | 3.57M | 3.55M | 1.81M | 533.00K | |
| Operating Expenses | 5.75B | 4.30B | 2.24B | 931.89M | 1.94B | 1.75B |
| Operating Income | 5.43B | 3.86B | 1.75B | 1.21B | 472.40M | -1.18B |
| Interest Expense | -3.71B | -3.10B | -1.40B | -1.14B | -1.15B | -445.39M |
| Other Non Operating Income (Expenses) | -958.62M | -334.88M | 15.01M | -49.53M | -23.06M | -279.26M |
| EBT Excluding Unusual Items | 764.44M | 428.25M | 362.84M | 15.20M | -698.88M | -1.90B |
| Legal Settlements | -139.66M | -110.92M | -16.87M | -13.54M | ||
| Pretax Income | 624.78M | 317.34M | 345.97M | 1.67M | -698.88M | -1.90B |
| Income Tax Expense | -729.24M | -824.27M | 94.18M | -35.69M | -5.99M | -387.00K |
| Earnings From Continuing Operations | 1.35B | 1.14B | 251.79M | 37.35M | -692.90M | -1.90B |
| Minority Interest in Earnings | -19.97M | -50.12M | -34.21M | -2.83M | 647.21M | 342.17M |
| Net Income | 1.33B | 1.09B | 217.57M | 34.52M | -45.69M | -1.56B |
| Net Income to Common | 1.33B | 1.09B | 217.57M | 34.52M | -45.69M | -1.56B |
| Shares Outstanding (Basic) | 128.66M | 106.73M | 34.15M | 35.32M | ||
| Shares Outstanding (Diluted) | 128.66M | 106.73M | 34.15M | 35.32M | ||
| EPS (Basic) | 10.37 | 10.23 | 1.01 | -1.29 | ||
| EPS (Diluted) | 10.37 | 10.23 | 1.01 | -1.29 | ||
| Free Cash Flow | -611.41M | -3.81B | 2.23B | 1.56B | 7.33B | -2.53B |
| Free Cash Flow Per Share | -4.75 | -35.66 | 45.74 | 207.69 | ||
| Gross Margin | 83.59% | 79.43% | 71.55% | 61.90% | 82.25% | 50.01% |
| Operating Margin | 40.60% | 37.57% | 31.35% | 34.95% | 16.09% | -102.72% |
| Profit Margin | 9.97% | 10.62% | 3.91% | 1.00% | -1.56% | -136.10% |
| Free Cash Flow Margin | -4.57% | -37.03% | 40.09% | 45.17% | 249.87% | -221.09% |
| EBITDA | 5.47B | 3.89B | 1.76B | 1.38B | 482.38M | -1.17B |
| EBITDA Margin | 40.92% | 37.87% | 31.60% | 39.85% | 16.43% | -102.00% |
| D&A For EBITDA | 42.32M | 31.12M | 13.52M | 169.45M | 9.97M | 8.29M |
| EBIT | 5.43B | 3.86B | 1.75B | 1.21B | 472.40M | -1.18B |
| EBIT Margin | 40.60% | 37.57% | 31.35% | 34.95% | 16.09% | -102.72% |
| Effective Tax Rate | 27.22% | |||||
| Revenue as Reported | 13.38B | 10.28B | 5.57B | 3.46B | 2.94B | 1.14B |
| Advertising Expenses | 195.23M | 127.61M | 103.75M | 107.79M | 759.57M |
Balance sheet
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.11B | 3.86B | 7.47B | 7.38B | 6.36B | 149.29M |
| Trading Asset Securities | 418.46M | 42.44M | 45.86M | 176.72M | 740.02M | |
| Cash & Short-Term Investments | 6.53B | 3.91B | 7.52B | 7.56B | 7.10B | 149.29M |
| Accounts Receivable | 31.20B | 25.06B | 13.46B | 3.99B | 3.40B | 2.55B |
| Other Receivables | 1.65B | 1.61B | 1.32B | 120.24M | 69.36M | 67.66M |
| Receivables | 32.85B | 26.67B | 14.77B | 4.11B | 3.47B | 2.62B |
| Prepaid Expenses | 283.37M | 273.75M | 141.81M | 72.19M | 45.87M | 26.70M |
| Other Current Assets | 2.92B | 1.86B | 172.83M | 521.33M | 211.45M | 56.59M |
| Total Current Assets | 42.58B | 32.71B | 22.60B | 12.26B | 10.83B | 2.85B |
| Property, Plant & Equipment | 147.85M | 146.25M | 117.37M | 78.77M | 79.67M | 95.09M |
| Long-Term Investments | 5.71B | 5.89B | 3.10B | 2.57B | 829.75M | 6.49B |
| Goodwill | 50.52M | 50.52M | 50.52M | 50.52M | 45.24M | 45.24M |
| Other Intangible Assets | 1.23B | 1.09B | 876.89M | 718.23M | 364.68M | 208.47M |
| Long-Term Deferred Tax Assets | 2.28B | 2.08B | 566.24M | 93.34M | 6.84M | |
| Other Long-Term Assets | 170.51M | 19.17M | 4.37M | 7.57M | 3.68M | 1.21M |
| Total Assets | 52.17B | 41.99B | 27.32B | 15.78B | 12.16B | 9.70B |
| Accounts Payable | 826.31M | 841.31M | 472.13M | 376.66M | 208.59M | 323.99M |
| Accrued Expenses | 638.17M | 683.88M | 613.17M | 762.11M | 540.10M | 214.65M |
| Short-Term Debt | 524.12M | 228.28M | ||||
| Current Portion of Leases | 9.46M | 8.31M | 7.25M | 6.45M | ||
| Current Income Taxes Payable | 374.32M | 721.52M | 562.56M | 51.54M | 2.75M | 3.08M |
| Other Current Liabilities | 40.25B | 33.91B | 23.11B | 7.09M | 16.79M | 18.58M |
| Total Current Liabilities | 42.63B | 36.19B | 24.76B | 1.21B | 775.48M | 795.02M |
| Long-Term Debt | 2.89B | 1.57B | 704.75M | |||
| Long-Term Leases | 39.95M | 45.17M | 43.67M | 50.34M | 45.71M | 52.47M |
| Other Long-Term Liabilities | 295.37M | 288.68M | 43.01M | 13.32B | 10.18B | 8.48B |
| Total Liabilities | 45.86B | 38.10B | 25.55B | 14.58B | 11.00B | 9.32B |
| Common Stock | 1.69M | 1.69M | 272.00K | |||
| Additional Paid-In Capital | 4.62B | 2.59B | 1.41B | 1.75B | 1.75B | 894.88M |
| Retained Earnings | 1.58B | 1.15B | 224.63M | -1.17B | -1.20B | -1.16B |
| Comprehensive Income & Other | 102.14M | 134.83M | -22.61M | 723.82M | 719.93M | 500.68M |
| Total Common Equity | 6.31B | 3.87B | 1.61B | 1.31B | 1.27B | 239.88M |
| Minority Interest | 2.69M | 17.13M | 155.28M | -104.48M | -107.31M | 135.48M |
| Shareholders' Equity | 6.31B | 3.89B | 1.76B | 1.20B | 1.16B | 375.36M |
| Total Liabilities & Equity | 52.17B | 41.99B | 27.32B | 15.78B | 12.16B | 9.70B |
| Total Debt | 3.46B | 1.61B | 757.89M | 58.65M | 52.95M | 287.19M |
| Net Cash (Debt) | 3.07B | 2.29B | 6.76B | 7.50B | 7.05B | -137.90M |
| Net Cash Per Share | 23.86 | 21.48 | 219.51 | 199.59 | ||
| Filing Date Shares Outstanding | 128.66M | 129.59M | 34.29M | 34.29M | ||
| Total Common Shares Outstanding | 128.66M | 106.73M | 34.29M | 34.29M | ||
| Working Capital | -47.06M | -3.48B | -2.16B | 11.05B | 10.06B | 2.06B |
| Book Value Per Share | 49.04 | 36.29 | 38.15 | 37.03 | ||
| Tangible Book Value | 5.03B | 2.73B | 681.17M | 539.21M | 859.61M | -13.84M |
| Tangible Book Value Per Share | 39.10 | 25.62 | 15.73 | 25.07 | ||
| Machinery | 151.13M | 99.96M | 45.78M | 43.85M | 42.43M | |
| Leasehold Improvements | 38.70M | 24.08M | 20.52M | 17.14M | 17.14M |
Cash flow statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.33B | 1.09B | 217.57M | 34.52M | -45.69M | -1.56B |
| Depreciation & Amortization | 51.44M | 40.24M | 22.21M | 169.45M | 17.02M | 14.24M |
| Other Amortization | 417.49M | 402.52M | 270.70M | 57.37M | 35.21M | |
| Loss (Gain) From Sale of Assets | 1.00M | 3.82M | 413.00K | |||
| Asset Writedown & Restructuring Costs | 91.88M | 5.20M | 852.00K | |||
| Stock-Based Compensation | 167.36M | 205.64M | ||||
| Provision & Write-off of Bad Debts | 3.76B | 2.53B | 887.02M | 14.29M | 4.09M | |
| Other Operating Activities | -5.53B | -4.21B | -1.56B | -1.50B | -1.37B | 137.09M |
| Change in Accounts Receivable | -537.19M | -1.93B | -520.38M | -62.35M | -776.27M | -1.83B |
| Change in Accounts Payable | 3.89B | 2.50B | 2.75B | 266.37M | 63.69M | 258.72M |
| Change in Other Net Operating Assets | -4.11B | -4.37B | 136.29M | 2.64B | 9.39B | 439.26M |
| Operating Cash Flow | -564.12M | -3.74B | 2.29B | 1.57B | 7.34B | -2.51B |
| Capital Expenditures | -47.28M | -66.13M | -57.74M | -4.66M | -5.33M | -24.80M |
| Cash Acquisitions | -1.94B | -34.98M | 154.53M | -54.82M | ||
| Sale (Purchase) of Intangibles | -655.43M | -616.66M | -521.24M | -497.43M | -212.44M | -219.05M |
| Investment in Securities | 11.00K | -1.00K | ||||
| Other Investing Activities | -1.56M | -1.56M | -3.07M | |||
| Investing Cash Flow | -704.27M | -684.34M | -2.53B | -537.08M | -63.23M | -298.68M |
| Short-Term Debt Issued | 680.33M | |||||
| Long-Term Debt Issued | 50.00M | 225.00M | ||||
| Total Debt Issued | 50.00M | 905.33M | ||||
| Short-Term Debt Repaid | -245.75M | |||||
| Long-Term Debt Repaid | -7.96M | -8.40M | -12.24M | -285.75M | -8.85M | |
| Lease Payments | -8.55M | -7.96M | -8.40M | -12.24M | -10.76M | -8.85M |
| Total Debt Repaid | -8.55M | -7.96M | -8.40M | -12.24M | -285.75M | -254.60M |
| Net Debt Issued (Repaid) | -8.55M | -7.96M | -8.40M | -12.24M | -235.75M | 650.72M |
| Issuance of Common Stock | 2.64B | 1.18B | 105.56M | 59.11M | 282.08M | |
| Other Financing Activities | -360.00M | -360.00M | 230.00M | -887.81M | 1.91B | |
| Financing Cash Flow | 2.27B | 815.41M | 327.15M | -12.24M | -1.06B | 2.84B |
| Net Cash Flow | 1.00B | -3.61B | 92.62M | 1.02B | 6.21B | 37.42M |
| Free Cash Flow | -611.41M | -3.81B | 2.23B | 1.56B | 7.33B | -2.53B |
| Free Cash Flow Margin | -4.57% | -37.03% | 40.09% | 45.17% | 249.87% | -221.09% |
| Free Cash Flow Per Share | -4.75 | -35.66 | 45.74 | 207.69 | ||
| Levered Free Cash Flow | -1.84B | 13.10B | -835.23M | -1.38B | -3.28B | |
| Unlevered Free Cash Flow | 97.38M | 13.98B | -120.15M | -666.60M | -3.00B | |
| Free Cash Flow After Leases | -619.96M | -3.81B | 2.22B | 1.55B | 7.32B | -2.54B |
| Cash Interest Paid | 2.84B | 2.03B | 1.33B | 1.15B | 640.97M | 347.24M |
| Cash Income Tax Paid | 2.20B | 757.85M | 381.57M | 85.25M | ||
| Change in Working Capital | -764.06M | -3.79B | 2.36B | 2.85B | 8.68B | -1.14B |
Ratios
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 929.14M | |||||
| Enterprise Value | 336.65M | |||||
| Debt / Equity Ratio | 0.55 | 0.41 | 0.43 | 0.05 | 0.05 | 0.77 |
| Debt / EBITDA Ratio | 0.63 | 0.41 | 0.43 | 0.04 | 0.11 | |
| Debt / FCF Ratio | 0.34 | 0.04 | 0.01 | |||
| Net Debt / Equity Ratio | -0.49 | -0.59 | -3.83 | -6.23 | -6.07 | 0.37 |
| Net Debt / EBITDA Ratio | -0.56 | -0.59 | -3.84 | -5.44 | -14.61 | -0.12 |
| Net Debt / FCF Ratio | 5.02 | 0.60 | -3.03 | -4.80 | -0.96 | -0.05 |
| Asset Turnover | 0.30 | 0.26 | 0.25 | 0.27 | 0.19 | |
| Quick Ratio | 0.92 | 0.84 | 0.90 | 9.68 | 13.64 | 3.49 |
| Current Ratio | 1.00 | 0.90 | 0.91 | 10.17 | 13.97 | 3.59 |
| Return on Equity (ROE) | 40.38% | 16.97% | 3.16% | -90.13% | -554.01% | |
| Return on Assets (ROA) | 6.96% | 5.07% | 5.41% | 2.70% | -12.37% | |
| Return on Invested Capital (ROIC) | 184.87% | 241.72% | -114.75% | |||
| Return on Capital Employed (ROCE) | 56.90% | 66.70% | 68.30% | 8.30% | 4.10% | -13.20% |
| Buyback Yield / Dilution | 3.29% |