Valuation Ratios

Breakdown 2024-12-31 2023-12-31 2022-12-31
Price to Earnings -7.19 -3.65 -8.78
Price to Sales 60.89 201.12
Book Value Per Common Share 0.66 0.33 0.27
Price to Book 6.82 5.37 5.78
Price to Operating Cash Flow -15.11 -16.18 -14.40
Price to Free Cash Flow
Enterprise Value to EBITDA
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Price to Earnings -7.57 -6.29 -39.08 -5.56 -7.65 -25.81 -2.38 -2.10 -7.12
Price to Sales 101.69 227.86 294.97 48.77 85.71 238.73
Book Value Per Common Share 0.79 0.30 0.59 0.66 0.57 0.21 0.22 0.33 0.23 0.54 0.32 0.27 0.21
Price to Book 12.13 24.48 7.95 6.82 4.92 14.49 19.09 5.37 4.22 1.04 2.68 5.78
Price to Operating Cash Flow -36.68 -47.36 -102.85 -11.13 -19.70 -67.59 -10.86 -7.85 -22.06
Price to Free Cash Flow
Enterprise Value to EBITDA

Earnings Data

Breakdown 2024-12-31 2023-12-31 2022-12-31
Earning YoY
Revenue YoY 857.04
EBITDA YoY
Net Profit YoY
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Earning YoY
Revenue YoY 212.59 108.78 58.39 121.65 94.07
EBITDA YoY
Net Profit YoY

Financial Strength

Breakdown 2024-12-31 2023-12-31 2022-12-31
Cash Per Common Share 1.11 0.16 0.09
Quick Ratio 8.92 1.56
Current Ratio 9.31 1.85 1.71
Debt to Equity 0.84 0.46 0.27
Long-Term Debt to Equity 0.71 0.16 0.08
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Cash Per Common Share 1.50 0.95 0.81 0.86 1.00 0.54 0.49 0.16 0.06 0.10 0.14 0.07 0.02
Quick Ratio 6.26 14.31 6.94 8.92 7.02 3.59 3.31 1.56
Current Ratio 6.14 14.72 7.21 9.31 7.55 4.00 3.57 1.85 1.05 2.07 2.89 1.71 0.65
Debt to Equity 1.34 3.80 0.99 0.84 1.00 2.81 2.48 0.46 0.37 0.26 0.23 0.27 0.50
Long-Term Debt to Equity 1.05 3.56 0.81 0.71 0.83 2.26 1.92 0.16 0.07 0.06 0.06 0.08 0.11

Profitability

Breakdown 2024-12-31 2023-12-31 2022-12-31
ROA
ROE
Gross Margin 38.60 32.09
Operating Margin -1553.09 -3736.89
EBITDA Margin -1518.92 -3704.11
Net Profit Margin
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
ROA 0.13 -0.17 0.02 -27.58 -28.94 -102.13 -33.62 -38.40
ROE 0.30 -0.80 0.05 -55.23 -110.34 -140.33 -42.21 -57.63
Gross Margin 18.39 39.09 29.67 33.69 37.58 33.18
Operating Margin -2677.71 -7261.86 -1541.13 -2354.75 -2549.58 -1667.29
EBITDA Margin -2657.88 -7191.17 -1502.30 -2314.26 -2511.06 -1630.99
Net Profit Margin 4.04 -9.90 1.97 -786.40 -850.74

Dividends

Breakdown 2024-12-31 2023-12-31 2022-12-31
Dividend Yield
Dividend Payout Ratio
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown 2024-12-31 2023-12-31 2022-12-31
Assets 94,347.99 27,541.91 12,496.26
   Current Assets 65,743.66 10,510.26 3,302.14
      Cash and Short-Term Investments 61,890.05 7,908.18 2,389.14
            Cash and Cash Equivalents 61,890.05 7,908.18 2,389.14
            Short-Term Investments 0 0 0
      Net Receivables 1,051.52 938.05 0
      Inventory 65.66 0 0
      Other Current Assets 2,736.44 1,664.02 913.00
   Non-Current Assets 28,604.33 17,031.66 9,194.12
      Property, Plant, Equipment Net 23,476.51 11,971.54 9,054.48
      Goodwill 3,168.10 3,267.10 0
      Intangible Assets 0 0 0
      Long-Term Investments 0 0 0
      Non-Current Deferred Assets 31.85 0 0
      Other Non-Current Assets 1,927.87 1,793.01 139.64
Liabilities 43,181.55 8,711.28 2,678.80
   Current Liabilities 7,058.27 5,673.97 1,936.36
      Payables and Expenses 3,297.07 2,423.06 1,716.15
            Account Payables 1,021.39 1,111.82 1,354.90
            Current Accrued Liabilities 2,275.68 1,311.24 361.25
      Short-Term Debt 2,863.86 1,267.41 114.76
      Other Current Liabilities 897.34 1,983.49 105.45
   Non-Current Liabilities 36,123.28 3,037.32 742.44
      Long-Term Debt 36,619.28 3,614.12 742.44
      Other Non-Current Liabilities -496.00 -576.81 0.00
Equity 51,166.44 18,830.63 9,817.46
   Shareholders Equity 47,898.49 16,295.95 9,817.46
      Capital Stock 720.68 489.23 399.07
      Share Premium 105,515.01 40,567.00 16,756.43
      Retained Earnings -56,172.88 -23,839.30 -7,553.07
      Treasury Shares 0 0 0
      Accumulated Other Comprehensive Income -2,164.31 -920.98 255.03
   Minority Interest 4,503.20 3,256.22 0
Investments 1,051.52 938.05 0
Debt 39,483.14 4,881.53 857.20
Common Shares Outstanding 72,068.06 48,923.28 35,907.13
Breakdown 2024-12-31 2023-12-31 2022-12-31
Revenues 4,144.23 433.03 0
Cost Of Revenue 2,544.61 294.06 6,800.00
Gross Profit 1,599.61 138.97 0
Operating Expenses 54,306.92 16,180.97 5,099.05
   Selling, General and Administrative Expenses 24,814.29 15,420.39 3,825.51
   Research and Development Expenses 3,138.98 764.58 1,273.54
   Other Operating Expenses 26,353.65 -4.00 0.00
Operating Income -52,707.31 -16,042.00 -5,099.05
Net Non-Operating Income -11,915.25 -258.26 153.91
Interest Income 1,238.69 0 0
Interest Expense 258.87 118.55 0.00
Net Interest 979.82 0 3.38
EBT -64,622.56 -16,300.26 -4,945.14
Income Tax 111.45 6.13 0.00
Net Income Including Non-Controlling Interests -32,422.73 -16,294.13 -4,945.14
Net Income Non-Controlling Interests 0 -7.89 0
Net Income 0 0 0
EBIT -64,363.69 -16,181.71 -4,945.14
Deprecation and Amortization 1,416.04 141.96 72.57
EBITDA -62,947.65 -16,039.75 -4,872.57
EPS -0.00 -0.00 -0.00
Diluted EPS -0.00 0 0
Average Shares Outstanding Basic 55,671.81 0 26,793.75
Average Shares Outstanding Diluted 55,671.81 0 0
Breakdown 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow -16,695.37 -5,412.39 -2,939.89
   Operating Net Income -129,690.91 -16,294.13 -9,890.28
   Deprecation and Amortization 1,416.04 141.96 72.57
   Deferred Income Tax 0 16.66 0
   Share Based Compensation 8,561.40 8,743.80 1,999.31
   Change in Working Capital 1,256.19 1,917.45 33.89
   Other Operating Activities 101,761.90 61.87 4,844.61
Investing Cash Flow -11,372.40 -2,453.19 -4,473.16
   Capital Expenditure 0.00 0.00 0.00
   Net Purchase/Sale of PPE 9,675.13 2,331.34 4,473.16
   Net Purchase/Sale of Investments Net 0 0 0
   Net Purchase/Sale of Business 0 0 0
   Other Investing Activities -21,047.53 -4,784.53 -8,946.33
Financing Cash Flow 82,533.64 13,385.49 6,641.05
   Net Issuance/Repayment of Debt 27,150.32 1,233.10 13.05
   Net Issuance/Repurchase of Equity 58,928.85 14,129.50 11,239.52
   Dividends Paid 2,779.66 0 0
   Other Financing Activities -6,325.19 -1,977.10 -4,611.51
Net Change in Cash 54,465.88 5,519.91 -772.00
   Cash at Beginning of Period 7,424.17 2,388.27 3,161.14
   Cash at End of Period 61,890.05 7,908.18 2,389.14
Free Cash Flow 0 0 0
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
Assets 225,890.16 135,914.49 90,873.66 94,347.99 84,125.74 54,760.93 45,385.44 27,541.91 11,871.39 12,750.80 14,606.20 12,496.26 9,481.24
   Current Assets 174,044.98 101,588.50 59,027.08 65,743.66 56,089.26 32,071.21 26,176.60 10,510.26 2,728.62 4,030.53 5,770.56 3,302.14 1,584.11
   Deposits 96.23 0 0 0 0 0 0 0 0 0 0 0 0
      Cash and Short-Term Investments 113,942.16 67,679.10 55,965.44 61,890.05 51,571.54 28,262.33 23,890.81 7,908.18 2,286.80 3,626.16 5,082.29 2,389.14 431.56
            Cash and Cash Equivalents 113,942.16 67,679.10 55,965.44 61,890.05 51,571.54 28,262.33 23,890.81 7,908.18 2,286.80 3,626.16 5,082.29 2,389.14 431.56
            Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
      Net Receivables 63,362.30 31,095.26 875.82 1,051.52 560.43 515.45 354.08 938.05 0 0 0 0 0
      Inventory 1,371.74 1,045.61 342.69 65.66 84.85 0 0 0 0 0 0 0 0
      Other Current Assets -4,631.22 1,768.53 1,843.13 2,736.44 3,872.44 3,293.43 1,931.71 1,664.02 441.82 404.37 688.27 913.00 1,152.55
   Non-Current Assets 51,845.18 34,325.99 31,846.58 28,604.33 28,036.48 22,689.72 19,208.84 17,031.66 9,142.77 8,720.27 8,835.64 9,194.12 7,897.13
      Property, Plant, Equipment Net 31,901.89 29,704.02 26,405.35 23,476.51 24,345.12 19,192.19 15,843.09 11,971.54 8,969.10 8,377.59 8,702.00 9,054.48 7,765.72
      Goodwill 6,849.12 3,362.65 3,262.20 3,168.10 3,461.46 3,289.16 3,165.53 3,267.10 0 0 0 0 0
      Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0
      Long-Term Investments 8,033.12 376.31 0 0 0 0 0 0 0 0 0 0 0
      Non-Current Deferred Assets 68.01 33.51 114.37 31.85 0 0 0 0 0 0 0 0 0
      Other Non-Current Assets 4,993.04 849.50 2,064.65 1,927.87 229.90 208.37 200.22 1,793.01 173.66 342.68 133.64 139.64 131.41
Liabilities 129,286.18 107,603.43 45,146.55 43,181.55 42,114.27 40,399.19 32,358.43 8,711.28 3,231.91 2,597.10 2,694.39 2,678.80 3,163.02
   Current Liabilities 28,323.77 6,903.60 8,184.82 7,058.27 7,426.00 8,011.09 7,332.35 5,673.97 2,601.61 1,948.91 1,996.44 1,936.36 2,452.20
      Payables and Expenses 7,080.46 4,393.32 5,093.47 3,297.07 3,559.96 4,888.37 3,991.43 2,423.06 1,494.28 1,477.69 1,695.24 1,716.15 2,133.79
            Account Payables 3,424.70 2,600.67 2,048.09 1,021.39 1,797.54 2,432.86 2,222.66 1,111.82 401.96 670.06 1,286.66 1,354.90 1,156.25
            Current Accrued Liabilities 3,655.76 1,792.65 3,045.38 2,275.68 1,762.42 2,455.51 1,768.77 1,311.24 1,092.33 807.64 408.58 361.25 977.54
      Short-Term Debt 26,072.61 2,136.65 2,775.38 2,863.86 1,907.60 1,898.19 1,337.09 1,267.41 82.83 127.32 127.31 114.76 108.38
      Other Current Liabilities -4,829.31 373.63 315.97 897.34 1,958.44 1,224.54 2,003.83 1,983.49 1,024.50 343.90 173.90 105.45 210.03
   Non-Current Liabilities 100,962.42 100,699.83 36,961.73 36,123.28 34,688.27 32,388.10 25,026.08 3,037.32 630.29 648.18 697.95 742.44 710.82
      Long-Term Debt 100,195.66 101,103.73 37,183.40 36,619.28 35,516.92 33,256.12 25,726.72 3,614.12 630.29 648.18 697.95 742.44 710.82
      Other Non-Current Liabilities 766.75 -403.90 -221.67 -496.00 -828.65 -868.02 -700.64 -576.81 0.00 0.00 0.00 0.00 0.00
Equity 96,603.98 28,311.06 45,727.11 51,166.44 42,011.47 14,361.74 13,027.02 18,830.63 8,639.49 10,153.70 11,911.81 9,817.46 6,318.22
   Shareholders Equity 74,068.52 25,231.96 42,512.70 47,898.49 38,695.04 11,011.48 10,517.79 16,295.95 8,639.49 20,317.34 11,911.81 9,817.46 6,318.22
      Capital Stock 933.77 839.05 720.68 720.68 684.09 521.33 485.98 489.23 383.48 373.86 373.86 399.07 341.07
      Share Premium 224,740.84 164,045.69 107,404.71 105,515.01 84,406.76 50,911.75 42,283.91 40,567.00 29,219.12 26,455.83 23,454.92 16,756.43 11,971.57
      Retained Earnings -152,555.94 -139,681.93 -64,619.08 -56,172.88 -46,991.55 -39,720.31 -30,787.38 -23,839.30 -19,676.97 -15,454.49 -11,168.14 -7,553.07 -6,248.91
      Treasury Shares 0 0 0 0 0 0 0 0 0 0 0 0 0
      Accumulated Other Comprehensive Income 949.86 29.15 -993.61 -2,164.31 595.74 -701.29 -1,464.71 -920.98 -1,286.14 -1,211.55 -748.82 255.03 294.50
   Minority Interest 23,020.71 3,564.35 3,699.66 4,503.20 4,551.69 4,585.51 3,744.47 3,256.22 0 0 0 0 0
Investments 40,206.28 1,107.77 875.82 1,051.52 560.43 515.45 216.50 938.05 0 0 0 0 0
Debt 126,268.27 103,240.38 39,958.78 39,483.14 37,424.52 35,154.31 27,063.81 4,881.53 713.12 775.50 825.25 857.20 819.20
Net Debt 12,326.12 35,561.28 0 0 0 6,891.98 3,173.00 0 0 0 0 0 387.63
Common Shares Outstanding 93,376.63 83,905.42 72,068.06 72,068.06 68,409.12 52,132.83 48,598.28 48,923.28 38,348.18 37,385.68 37,385.68 35,907.13 30,107.13
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30
Revenues 7,189.48 2,299.95 1,101.61 -1,509.13 2,950.35 1,862.65 840.35 433.03 0 0 0 0
Cost Of Revenue 5,867.36 1,401.01 774.76 -1,136.10 1,956.47 1,162.76 561.48 -20,105.94 6,800.00 6,800.00 6,800.00 0
Gross Profit 1,322.12 898.94 326.84 -373.03 993.88 699.89 278.87 138.97 0 0 0 0
Operating Expenses 71,097.84 40,740.78 16,231.51 14,541.32 19,699.76 13,972.16 6,093.68 -7,635.10 12,018.88 8,072.37 3,724.82 3,639.99
   Selling, General and Administrative Expenses 30,701.75 18,410.14 6,749.38 -12,324.86 17,976.88 13,283.72 5,878.55 -7,028.72 11,319.47 7,612.15 3,517.49 2,448.09
   Research and Development Expenses 5,508.23 2,409.72 1,529.80 512.53 1,722.88 688.44 215.13 -602.38 699.41 460.21 207.33 1,191.90
   Other Operating Expenses 34,887.86 19,920.92 7,952.34 26,353.65 0.00 0.00 0.00 -4.00 0.00 0.00 0.00 0.00
Operating Income -69,775.72 -39,841.84 -15,904.67 -14,914.34 -18,705.89 -13,272.27 -5,814.81 7,774.07 -12,018.88 -8,072.37 -3,724.82 -3,639.99
Net Non-Operating Income -123,052.37 -127,346.30 -1,159.63 81,536.66 -50,941.36 -34,300.44 -8,210.12 -538.95 0 170.94 109.75 -1.00
Interest Income 3,282.83 1,438.72 513.71 1,238.69 0 0 0 0 0 0 0 0
Interest Expense 315.01 168.95 87.15 -11.62 173.83 82.87 13.79 118.55 0.00 0.00 0.00 0.00
Net Interest 2,967.82 1,269.77 426.56 979.82 0 0 0 0 0 1.49 0.40 1.91
EBT -192,828.09 -167,188.15 -17,064.30 66,622.32 -69,647.24 -47,572.71 -14,024.93 -4,783.76 0 -7,901.42 -3,615.08 -3,640.99
Income Tax 98.15 24.52 70.72 -12.24 42.22 33.85 47.62 6.13 0.00 0.00 0.00 0.00
Net Income Including Non-Controlling Interests -96,512.19 -83,618.59 -8,461.43 6,625.23 -23,201.67 -15,846.29 0 7,346.28 -12,123.91 -7,901.42 -3,615.08 3,640.99
Net Income Non-Controlling Interests 96,802.72 83,390.80 8,483.18 0 0.00 0.00 -16.76 -3,622.97 0.00 3,615.08 0 -7,281.98
Net Income 290.53 -227.79 21.75 0 -23,201.67 -15,846.29 0 0 -12,123.91 -4,286.35 0 -3,640.99
EBIT -192,513.08 -167,019.19 -16,977.15 66,610.70 -69,473.41 -47,489.84 -14,011.14 -4,665.21 0 -7,901.42 -3,615.08 -3,640.99
Deprecation and Amortization 1,425.73 1,625.87 427.71 -801.19 1,194.73 717.42 305.08 42.06 50.14 32.72 17.03 51.62
EBITDA -191,087.35 -165,393.32 -16,549.44 65,809.51 -68,278.68 -46,772.42 -13,706.06 -4,573.00 0 -7,868.70 -3,598.04 -3,589.36
EPS -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 0.00 -0.00 -0.00 -0.00 -0.00
Diluted EPS -0.00 -0.00 -0.00 0.00 -0.00 0 0 0.00 0 0 0 -0.00
Average Shares Outstanding Basic 75,985.51 71,256.81 69,484.20 170,908.15 51,779.07 0 0 0.00 0 0 0 28,642.53
Average Shares Outstanding Diluted 75,985.51 71,256.81 69,484.20 170,908.15 51,779.07 0 0 0.00 0 0 0 30,107.13
Breakdown 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30
Operating Cash Flow -19,928.96 -11,071.31 -3,169.98 7,305.91 -12,935.55 -8,095.26 -2,970.47 2,089.63 -3,355.17 -2,701.89 -1,444.96 -2,077.86
   Operating Net Income -289,536.58 -250,855.77 -33,845.73 -83,678.11 -23,201.67 -15,846.29 -6,964.84 10,961.36 -12,123.91 -7,901.42 -7,230.16 -3,640.99
   Deprecation and Amortization 1,425.73 1,625.87 427.71 -801.19 1,194.73 717.42 305.08 42.06 50.14 32.72 17.03 51.62
   Deferred Income Tax 33.17 0.28 -80.84 0 -31.15 -39.07 -49.77 16.66 0 0 0 0
   Share Based Compensation 10,803.19 6,319.38 1,889.70 -4,168.87 6,299.76 4,231.67 2,198.85 -4,509.66 6,590.58 4,518.78 2,144.10 946.96
   Change in Working Capital -696.27 -1,008.97 -24.85 560.99 1,854.75 -734.59 -424.96 393.00 1,349.28 322.11 -146.94 1,499.68
   Other Operating Activities 258,041.81 232,847.90 28,464.02 95,273.11 948.03 3,575.59 1,965.18 -4,813.78 778.74 325.92 3,770.99 -935.14
Investing Cash Flow -35,611.98 -34,107.56 -2,359.37 2,093.75 -8,352.42 -3,867.90 -1,245.83 -392.37 -1,190.16 -508.61 -362.06 -3,570.63
   Capital Expenditure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
   Net Purchase/Sale of PPE 7,255.78 4,107.56 2,309.31 -3,791.02 8,352.42 3,867.90 1,245.83 270.52 1,190.16 508.61 362.06 3,570.63
   Net Purchase/Sale of Investments Net 35,000.00 30,000.00 0 0 0 0 0 0 0 0 0 0
   Net Purchase/Sale of Business 0 0 0 0 0 0 0 0 0 0 0 0
   Other Investing Activities -77,867.76 -68,215.13 -4,668.68 5,884.77 -16,704.84 -7,735.81 -2,491.65 -662.89 -2,380.31 -1,017.21 -724.11 -7,141.26
Financing Cash Flow 107,484.81 50,780.63 -225.10 -34,986.53 64,841.21 32,414.97 20,263.99 -95.34 4,493.61 4,493.61 4,493.61 2,850.55
   Net Issuance/Repayment of Debt 6,883.66 910.84 308.96 -46,527.13 26,413.14 26,436.73 20,827.58 1,233.10 0 0 0 13.05
   Net Issuance/Repurchase of Equity 114,915.31 101,715.31 0 -21,147.10 40,037.97 40,037.97 0 -1,397.70 5,096.00 5,165.00 5,266.20 3,119.56
   Dividends Paid 0 0 0 -2,779.66 2,779.66 2,779.66 0 0 0 0 0 0
   Other Financing Activities -14,314.16 -51,845.52 -534.05 35,467.36 -4,389.57 -36,839.39 -563.58 69.27 -602.39 -671.39 -772.59 -282.06
Net Change in Cash 51,943.88 5,601.75 -5,754.44 -25,586.86 43,553.23 20,451.81 16,047.70 1,601.92 -51.72 1,283.11 2,686.59 -2,797.94
   Cash at Beginning of Period 61,998.28 62,077.35 61,719.88 87,476.91 8,018.31 7,810.52 7,843.11 6,306.26 2,338.52 2,343.05 2,395.70 3,229.51
   Cash at End of Period 113,942.16 67,679.10 55,965.44 61,890.05 51,571.54 28,262.33 23,890.81 7,908.18 2,286.80 3,626.16 5,082.29 431.56
Free Cash Flow 0 0 0 0 0 0 0 0 0 0 0 0