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STNE

StoneCo Ltd.

STNE

StoneCo Ltd. • NASDAQ
$16.84 ▲ 5.68% (+0.91)
Market Cap $4.42 B
52w High $19.95
52w Low $7.72
Dividend Yield 0%
P/E -27.6
Volume 6.43M
Outstanding Shares 262.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $832.335M ▼ $708.909M ▲ $692.405M ▲ 83.188% ▲ $2.49 ▲ $2.127B ▲
Q2-2025 $847.786M ▼ $696.55M ▼ $578.53M ▲ 68.24% ▲ $2.22 ▲ $1.937B ▼
Q1-2025 $1.159B ▼ $786.684M ▼ $506.559M ▲ 43.688% ▲ $1.84 ▲ $1.965B ▲
Q4-2024 $1.378B ▲ $836.564M ▲ $-3.097B ▼ -224.732% ▼ $-9.98 ▼ $-1.644B ▼
Q3-2024 $987.034M $612.701M $529.685M 53.664% $1.82 $1.764B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.898B ▼ $58.597B ▲ $46.807B ▲ $11.747B ▲
Q2-2025 $7.048B ▼ $55.156B ▲ $43.536B ▲ $11.567B ▲
Q1-2025 $7.936B ▼ $53.934B ▼ $42.467B ▼ $11.416B ▼
Q4-2024 $14.551B ▲ $54.813B ▲ $42.986B ▲ $11.776B ▼
Q3-2024 $11.945B $51.926B $36.597B $15.275B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $660.074M ▲ $-1.046B ▼ $-384.045M ▲ $1.648B ▲ $211.683M ▲ $-1.2B ▼
Q2-2025 $602.979M ▲ $387.599M ▼ $-398.632M ▼ $-42.982M ▲ $-64.642M ▼ $68.629M ▼
Q1-2025 $516.747M ▲ $624.331M ▲ $79.308M ▲ $-268.587M ▼ $422.708M ▼ $336.816M ▲
Q4-2024 $-2.922B ▼ $-300.79M ▼ $-479.284M ▲ $1.997B ▲ $1.214B ▲ $-623.255M ▼
Q3-2024 $542.877M $-131.463M $-566.806M $-58.285M $-729.957M $-429.501M

Five-Year Company Overview

Income Statement

Income Statement StoneCo’s revenue has grown strongly over the past few years, showing that the business continues to gain traction with merchants and expand its ecosystem. Core operating profit has generally improved, suggesting better scale and efficiency in the underlying business model. However, the company’s bottom line has been quite volatile, swinging between profit and loss, which likely reflects credit costs, funding costs, and other non-operational items. Overall, it looks like a business with robust growth and improving core economics, but still with meaningful earnings volatility and execution risk.

Balance Sheet

Balance Sheet The balance sheet has expanded materially, reflecting business growth and a larger financial services footprint. Cash levels have improved recently, which supports flexibility, but total debt has also risen sharply, increasing financial leverage and dependence on capital markets. Shareholder equity has slipped more recently, indicating that losses and possibly other adjustments have eroded part of the capital buffer. In simple terms, StoneCo now runs a bigger, more complex balance sheet: stronger in scale and liquidity than before, but also clearly more leveraged and exposed to funding and credit conditions.

Cash Flow

Cash Flow Historically, StoneCo has shown the ability to generate solid operating cash flow, but the most recent year stands out with a sizeable cash outflow from operations. This likely reflects working capital swings, expansion of the credit book, or other growth investments that absorb cash in the short term. Free cash flow has therefore turned negative recently, despite only moderate capital spending needs. The picture is of a company investing heavily through its cash flows to grow, but with less predictable cash generation and a need to carefully manage liquidity and credit quality.

Competitive Edge

Competitive Edge StoneCo has built a strong position in Brazil by focusing on smaller and mid-sized merchants and offering them a deeply integrated suite of payments, banking, and software tools. Its physical “Stone Hubs” and service-heavy model create close, sticky relationships that can be difficult for pure digital or bank competitors to replicate. The combination of brand recognition, high-touch support, and integration between software and financial services forms a meaningful moat. That said, the company still operates in a fiercely competitive and regulated fintech market, with pressure from banks, digital-native players, and Brazil’s instant-payments infrastructure, so continuous execution will be key to defending its position.

Innovation and R&D

Innovation and R&D Innovation is at the center of StoneCo’s strategy, with a cloud-based technology stack, heavy use of data and AI, and a tight integration between merchant software and financial products. The company goes beyond simple card acquiring by embedding ERP, POS, CRM, and sector-specific tools into its financial ecosystem, aiming to become the core operating system for targeted verticals like retail, food, pharmacies, and gas stations. It is also pushing further into credit and digital banking, using transaction data to refine underwriting and personalize offers, which can be powerful but also raises risk-management demands. Overall, StoneCo appears to be investing thoughtfully in technology, analytics, and software verticalization to deepen its moat, while selectively shedding non-core assets to stay focused.

Summary

StoneCo looks like a high-growth Brazilian fintech that has successfully moved from pure payments into a broader, integrated platform for smaller and mid-sized businesses. Financially, revenue and core operating performance have improved meaningfully, but earnings and cash flows remain uneven, reflecting the realities of scaling credit and financial services in a volatile market. The balance sheet is larger and more leveraged than in the past, giving it more reach but also increasing exposure to funding costs and credit cycles. Strategically, its merchant-centric culture, local distribution network, and integrated software-plus-financial-services approach give it a differentiated position, reinforced by ongoing investments in AI, data, and vertical solutions. The main trade-off is clear: strong structural growth and a credible moat, counterbalanced by higher financial complexity, credit risk, and the need to keep executing well in a competitive and fast-changing environment.

NEWS

November 6, 2025 · 4:05 PM UTC

StoneCo Reports Third Quarter 2025 Results

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October 6, 2025 · 4:05 PM UTC

StoneCo Ltd. to Announce Third Quarter 2025 Financial Results on November 06th, 2025

Read more