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NVNI

Nvni Group Limited Ordinary Shares

NVNI

Nvni Group Limited Ordinary Shares • NASDAQ
$2.88 ▲ 1.05% (+0.03)
Market Cap $9.95 M
52w High $121.90
52w Low $1.44
Dividend Yield 0%
P/E -0.74
Volume 51.23K
Outstanding Shares 3.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2023 $0 $3.337M ▼ $2.917M ▲ 0% $0.449 ▲ $-3.337M ▲
Q1-2023 $0 $17.235M ▲ $-21.109M ▼ 0% $-12.2 ▼ $-17.235M ▼
Q4-2022 $0 $3.935M ▲ $2.755M ▼ 0% $0.958 ▼ $-3.935M ▼
Q3-2022 $0 $2.483M ▲ $21.3M ▲ 0% $7.497 ▲ $-2.483M ▼
Q2-2022 $0 $2.205M $18.407M 0% $6.323 $-2.205M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $18.035M ▲ $405.393M ▼ $517.015M ▲ $-120.495M ▼
Q2-2024 $13.249M ▲ $424.774M ▲ $501.548M ▲ $-84.025M ▼
Q4-2023 $11.398M ▲ $419.861M ▲ $473.49M ▲ $-57.958M ▼
Q2-2023 $63.877K ▼ $219.945M ▼ $45.991M ▼ $173.954M ▼
Q1-2023 $132.798K $232.911M $52.164M $180.747M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2023 $2.917M ▲ $-5.456M ▼ $3.397M ▼ $1.997M ▲ $-61.787K ▲ $-5.456M ▼
Q1-2023 $-21.109M ▼ $-1.954M ▲ $983.021M ▲ $-981.204M ▼ $-137.396K ▼ $-1.954M ▲
Q4-2022 $2.755M ▼ $-2.133M ▼ $0 $2.169M ▲ $36.544K ▲ $-2.133M ▼
Q3-2022 $21.3M ▲ $-1.198M ▼ $0 $1.067M ▲ $-130.945K ▲ $-1.198M ▼
Q2-2022 $18.407M $-944.611K $0 $0 $-944.611K $-944.611K

Five-Year Company Overview

Income Statement

Income Statement Nvni is still a small company, but its revenue has been climbing steadily each year, which is a positive sign for demand across its SaaS portfolio. The underlying profitability of its software model looks reasonable, with solid gross profit relative to sales. The challenge sits further down the income statement. For several years the company ran operating losses as it built and integrated its acquisitions. Most recently, operating performance has moved close to (and even slightly into) profit territory, showing better cost control and some scale benefits. However, after financing and other non‑operating items, the company still ends up with a net loss. In simple terms: the business is moving in the right direction, but it is not yet consistently profitable at the bottom line and earnings remain volatile.

Balance Sheet

Balance Sheet Nvni runs an asset‑light model, typical for software, with a relatively small overall asset base. That fits the strategy of acquiring and operating SaaS businesses rather than owning heavy physical infrastructure. The weak point is the capital structure. Cash on hand is limited, and debt is meaningful when viewed against the size of the business. Shareholders’ equity is negative, reflecting accumulated losses and possibly the impact of acquisition accounting. This combination—negative equity and modest liquidity—means the balance sheet has little cushion. The company has less room to absorb setbacks without raising new capital, refinancing, or cutting back on investments.

Cash Flow

Cash Flow Despite accounting losses, Nvni’s cash flow picture is somewhat more reassuring. Operating cash flow has hovered around breakeven to modestly positive in recent years, suggesting that the core portfolio can mostly fund its day‑to‑day needs. Because capital spending requirements are low, free cash flow has at times been slightly positive. That’s typical for mature SaaS assets and supportive of the roll‑up model. However, the absolute level of cash generation is still small, and the cash balance is thin. Larger acquisitions or a downturn in operating performance would likely require additional external funding rather than being fully covered by internal cash flows.

Competitive Edge

Competitive Edge Nvni is positioning itself as a consolidator of B2B SaaS companies in Brazil and Latin America, focusing on niche leaders that bigger global investors often overlook. This gives it access to profitable, defensible verticals—such as public tender management, marketing automation, ERP, optical retail software, and B2B e‑commerce—where local knowledge and relationships matter. Its competitive strength comes from three main elements: repeatable M&A know‑how, a portfolio of specialized brands with strong positions in their niches, and shared technology and data advantages across the group. The focus on an underserved region reduces direct competition from large international consolidators, at least for now. On the other hand, the strategy depends heavily on continued successful dealmaking and smooth integration of acquired companies. The portfolio is concentrated in one region and broadly in one sector (SaaS for businesses), which creates exposure to local economic conditions, regulation, and currency swings. Larger global players could also become more active in the region over time, pressuring acquisition multiples and competitive dynamics.

Innovation and R&D

Innovation and R&D Innovation is a clear centerpiece of Nvni’s story. The group’s NuviniAI platform and dedicated AI lab aim to inject artificial intelligence into every portfolio company in a structured, reusable way. Instead of each subsidiary reinventing the wheel, the lab develops shared AI building blocks, templates, and playbooks that can be rolled out across the group. This has already produced tangible products: AI for public tender analysis, tools that scout acquisition targets, and assistants that help with marketing and lead activation. Reported gains—such as much faster analysis of tenders and improvements in user activation and churn—suggest that AI is not just a buzzword here but is being used to push efficiency and revenue. Looking ahead, the company’s plan to roll out AI solutions across all holdings and to launch new AI‑first products is ambitious. If execution matches the vision, it could deepen the moat of each portfolio company and support higher margins. The flip side is execution risk: AI talent is competitive, integration across many small businesses is hard, and the financial targets tied to this program are demanding.

Summary

Nvni is an early‑stage SaaS consolidator in Latin America with a strong strategic narrative: buy profitable niche software companies, connect them via a shared AI platform, and grow them faster together than they would on their own. Revenue has grown steadily, operating results have improved, and cash generation is edging into positive territory, all pointing to better operational discipline. At the same time, the financial foundation is still fragile. The company remains loss‑making overall, carries notable debt, has negative equity, and operates with a small cash buffer. This makes the success of its strategy—especially continued M&A, integration, and AI rollout—particularly important. The core opportunity lies in combining local market expertise, serial acquisition skills, and AI‑driven optimization in an underpenetrated SaaS region. The main risks stem from balance sheet strength, integration complexity, reliance on acquisitions, and the challenge of delivering on very ambitious margin and growth targets. How well Nvni navigates these trade‑offs will shape its long‑term trajectory.

NEWS

November 5, 2025 · 8:05 AM UTC

Nuvini Posts Capital Markets Update Webcast with Management Transcript

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November 3, 2025 · 8:00 AM UTC

Nuvini Outlines Long-Term Operating Targets Highlighting Scalable SaaS Model

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October 28, 2025 · 8:00 AM UTC

Nuvini Group Appoints Roberto Otero as Chief Financial Officer

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October 20, 2025 · 9:29 AM UTC

Nuvini Regains Full Compliance with Nasdaq

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October 16, 2025 · 8:00 AM UTC

Nuvini Provides FY2025 EBITDA Guidance and Business Outlook

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