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NU Holdings Q4'24 Earnings Highlights:

$NU (-11,11 %)


🔹 Revenue: $2.99B (Est. $3.43B) 🔴; UP +58% YoY (FXN)

🔹 Net Income: $552.6M (Est. $596.7M) 🔴; UP +85% YoY

🔹 Gross Profit: $1.36B (Est. $1.60B) 🔴; UP +44% YoY

🔹 Gross Profit Margin: 45.6% (Est. 46.7%) 🔴


Operating Metrics:

🔹 Total Customers: 114.2M; UP +22% YoY

🔹 Customer Additions (Q4): 4.5M

🔹 Monthly ARPAC: $10.7; UP +23% YoY (FXN)

🔹 Monthly Activity Rate: 83.1%

🔹 Cost to Serve Per Active Customer: $0.80


Asset Quality:

🔹 15-90 Day NPL Ratio: 4.1% (DOWN 30 bps QoQ)

🔹 90+ Day NPL Ratio: 7.0% (DOWN 20 bps QoQ)


Liquidity & Lending Highlights:

🔹 Interest-Earning Portfolio: $11.2B; UP +75% YoY (FXN)

🔹 Lending Portfolio: $6.1B; UP +22% QoQ (FXN)

🔹 Credit Card Portfolio: $14.6B; UP +28% YoY (FXN)

🔹 Total Deposits: $28.9B; UP +55% YoY (FXN)


Net Interest Income (NII):

🔹 NII: $1.7B; UP +57% YoY

🔹 Net Interest Margin (NIM): 17.7% (DOWN 70 bps QoQ)

🔹 Risk-Adjusted NIM: 9.5% (DOWN 60 bps QoQ)


International Expansion:

🔸 Mexico: Reached 10M customers (+91% YoY), deposits UP +438% YoY to $4.5B

🔸 Colombia: 2.5M customers, driven by Cuenta Nu product


Brazil Operations:

🔸 Secured Lending Portfolio: $1.4B; UP +615% YoY

🔸 Ultravioleta High-Income Segment: 700K customers (+132% YoY)

🔸 Ultravioleta Purchase Volume: $1.8B; UP +106% YoY


New Product Launches:

🔸 NuTravel: Travel booking with multi-currency accounts

🔸 NuCel: MVNO mobile service launched with Claro


CEO David Vélez’s Commentary:

🔸 “2024 was a transformational year for Nu. We nearly doubled net income, expanded our customer base to over 114 million, and significantly deepened engagement. Our focus on sustainable growth and product diversification continues to strengthen our leadership in Latin America’s digital banking space.”

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6 Comentarios

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That's the wooden path🥲
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@SemiGrowth Are you going to get out completely or go back in at a lower price?
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@value_seeker_ was never invested
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What is the meaning of it?
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@Igotaplan it was a running gag on getquin to say "Das ist der Weg" (Thats the way) if someone bought $NU. Now they reported weak numbers and "Das ist der Holzweg" (That is the "wood-way") is a german idiom for a bad decision (the wrong way)
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Thank you 😁😁😁
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