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VSTA

Vasta Platform Limited

VSTA

Vasta Platform Limited • NASDAQ
$4.92 ▼ -0.40% (-0.02)
Market Cap $395.61 M
52w High $5.49
52w Low $1.60
Dividend Yield 0%
P/E 4.39
Volume 21
Outstanding Shares 80.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $249.602M ▼ $200.774M ▼ $-59.77M ▼ -23.946% ▼ $-0.74 ▼ $52.255M ▼
Q2-2025 $358.5M ▼ $211.56M ▼ $-56.166M ▼ -15.667% ▼ $-0.7 ▼ $62.226M ▼
Q1-2025 $430.392M ▼ $230.325M ▲ $-3.267M ▼ -0.759% ▼ $-0.041 ▼ $133.441M ▼
Q4-2024 $698.93M ▲ $62.794M ▼ $607.479M ▲ 86.916% ▲ $8.72 ▲ $596.966M ▲
Q3-2024 $220.193M $184.078M $-77.142M -35.034% $-0.92 $37.836M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $390.866M ▲ $6.949B ▼ $2.07B ▼ $4.878B ▼
Q2-2025 $315.199M ▲ $7.097B ▼ $2.161B ▼ $4.935B ▼
Q1-2025 $258.286M ▲ $7.214B ▲ $2.222B ▲ $4.991B ▼
Q4-2024 $195.845M ▼ $7.205B ▲ $2.212B ▼ $4.992B ▲
Q3-2024 $355.107M $7.201B $2.817B $4.383B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-87.22M ▼ $96.309M ▲ $-98.529M ▼ $-9.616M ▼ $-11.836M ▼ $75.013M ▲
Q2-2025 $-74.745M ▼ $81.72M ▼ $-72.365M ▲ $-7.443M ▼ $1.912M ▲ $55.242M ▼
Q1-2025 $-1.327M ▼ $89.597M ▲ $-156.249M ▼ $-5.535M ▲ $-72.187M ▼ $63.179M ▲
Q4-2024 $475.709M ▲ $24.532M ▼ $113.368M ▲ $-149.53M ▼ $-11.63M ▼ $5.498M ▼
Q3-2024 $-110.252M $68.312M $191K $-23.209M $45.294M $46.677M

Five-Year Company Overview

Income Statement

Income Statement The business has clearly moved from a “build and invest” phase to a more profitable one. Revenue has risen steadily each year, and profits have improved from recurring losses in the early years after listing to solid positive earnings most recently. Margins have widened as the company scales, suggesting better cost control and stronger pricing power. Overall, the income statement shows a company that has turned the corner from growth-at-any-cost toward more balanced, profitable growth, though its track record as a consistently profitable public company is still relatively short.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and relatively stable over time. Assets have stayed broadly steady, supported by a sizeable equity base, which means the company is not excessively reliant on borrowing. Debt levels are moderate and fairly flat, indicating no recent debt-fueled expansion. The main weak spot is a relatively low cash balance compared with total assets and debt, which reduces the cushion against shocks and may limit flexibility in a downturn. Still, the overall capital structure appears reasonable for a growing education platform.

Cash Flow

Cash Flow Cash generation is a noticeable strength. The company has produced positive operating cash flow in most years, with an improvement that broadly mirrors the shift to profitability. Free cash flow has also been positive in all but one year, even while the firm continues to invest in its platform and content. Capital spending looks consistent rather than aggressive, pointing to steady, ongoing investment rather than risky big bets. In simple terms, the business is now converting a meaningful portion of its accounting profits into real cash, which supports its ability to fund growth internally.

Competitive Edge

Competitive Edge Vasta operates in a focused niche: K-12 education solutions for Brazilian private schools. Its key strength is an integrated “one-stop” ecosystem that bundles content, digital tools, and school management support. Once a school adopts this system, switching to another provider is difficult and disruptive, which creates meaningful stickiness. Long-standing relationships, proprietary educational content, and bilingual programs add further barriers for new entrants. At the same time, the company is heavily tied to the Brazilian education and economic environment, faces ongoing competition from other education and edtech players, and must continually prove its value to schools that are sensitive to both cost and learning outcomes.

Innovation and R&D

Innovation and R&D Innovation is centered on content quality, digital platforms, and data-driven tools rather than on traditional lab-style R&D. The company is expanding its bilingual offerings, enhancing its PAR platform, and moving into business-to-government contracts, which diversifies its base. Looking ahead, it is emphasizing AI-powered tools and personalized learning features, such as individualized education plans, to deepen its integration into classroom practice. The main opportunity is to turn these tools into a clear learning and value advantage for schools; the main risk is execution—both in delivering reliable technology and in ensuring teachers actually adopt and use it effectively.

Summary

Overall, Vasta shows the profile of a maturing education platform: revenue growing steadily, profitability improving, and cash flows turning more robust. Its balance sheet is generally sound, with moderate leverage but limited cash buffers. The competitive positioning in Brazilian K-12 private education appears strong, supported by an integrated ecosystem, high switching costs, and differentiated bilingual and digital offerings. Future growth will likely depend on successfully rolling out AI-enabled features, deepening school relationships, and carefully expanding into new segments like public contracts. Key uncertainties include Brazil’s macro and regulatory environment, competitive pressure from other content and technology providers, and the company’s ability to sustain both innovation and profitability over time.

NEWS

November 6, 2025 · 4:45 PM UTC

Vasta Announces Third Quarter 2025 Results

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October 28, 2025 · 11:42 PM UTC

Cogna Educação S.A. Announces Further Extension of the Offer to Purchase All Outstanding Class A Common Shares of Vasta Platform Limited

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October 24, 2025 · 9:47 AM UTC

Vasta Platform Limited to Report Third Quarter 2025 Financial Results on November 06, 2025

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