Nu
NU · NYSEFinance Services · Fiscal year ends Dec 31
Nu reported revenue of $11.5B in the fiscal year ended Dec 2024, up 43.4% from the year before. Net income was $2B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Revenue | $737M | $1.7B | $4.8B | $8B | $11.5B |
| Gross profit | $327M | $733M | $1.7B | $3.5B | $5.3B |
| Interest expense | $114M | $367M | $1.5B | $2B | $2.8B |
| Pre-tax income | −$193M | −$170M | −$309M | $1.5B | $2.8B |
| Income tax | $22M | −$5M | $56M | $509M | $823M |
| Net income | −$171M | −$165M | −$365M | $1B | $2B |
Balance sheet
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Cash & equivalents | $2.3B | $2.7B | $4.2B | $5.9B | $9.2B |
| Receivables | $1.5B | $2.3B | $4.2B | $6.3B | $6.1B |
| Net PP&E | $10M | $14M | $27M | $39M | $26M |
| Goodwill | $831,000 | $402M | $397M | $398M | $414M |
| Total assets | $10.2B | $19.9B | $29.9B | $43.3B | $49.9B |
| Total liabilities | $9.7B | $15.4B | $25B | $36.9B | $42.3B |
| Shareholders' equity | $438M | $4.4B | $4.9B | $6.4B | $7.6B |
Cash flow
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Operating cash flow | $975M | −$2.9B | $756M | $1.3B | $2.4B |
Key ratios
| Fiscal year | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 130.4% | 182.2% | 67.5% | 43.4% |
| Gross margin | 44.3% | 43.2% | 34.7% | 43.5% | 45.6% |
| Net margin | −23.3% | −9.7% | −7.6% | 12.8% | 17.1% |
| Return on equityBlank when equity is negative | −39.1% | −3.7% | −7.5% | 16.1% | 25.8% |
| Cash conversion (CFO ÷ net income) | −5.68x | 17.7x | −2.07x | 1.23x | 1.22x |
| Receivable days | 731 | 503 | 323 | 286 | 193 |
Recent filings
More in Finance Services
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.