Nu Holdings Ltd
NYSE:NU
Income Statement
Earnings Waterfall
Nu Holdings Ltd
Revenue
|
8B
USD
|
Cost of Revenue
|
-2.3B
USD
|
Gross Profit
|
5.8B
USD
|
Operating Expenses
|
-4.2B
USD
|
Operating Income
|
1.5B
USD
|
Other Expenses
|
-508.5m
USD
|
Net Income
|
1B
USD
|
Income Statement
Nu Holdings Ltd
Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||
Revenue |
737
N/A
|
766
+4%
|
940
+23%
|
1 265
+35%
|
1 698
+34%
|
2 330
+37%
|
3 152
+35%
|
3 978
+26%
|
4 792
+20%
|
5 534
+15%
|
6 245
+13%
|
7 075
+13%
|
8 029
+13%
|
|
Gross Profit | ||||||||||||||
Cost of Revenue |
(241)
|
(233)
|
(272)
|
(346)
|
(485)
|
(734)
|
(1 102)
|
(1 477)
|
(1 724)
|
(1 910)
|
(1 951)
|
(2 041)
|
(2 253)
|
|
Gross Profit |
496
N/A
|
534
+7%
|
668
+25%
|
919
+38%
|
1 214
+32%
|
1 597
+32%
|
2 049
+28%
|
2 501
+22%
|
3 068
+23%
|
3 624
+18%
|
4 294
+18%
|
5 034
+17%
|
5 776
+15%
|
|
Operating Income | ||||||||||||||
Operating Expenses |
(589)
|
(632)
|
(779)
|
(1 026)
|
(1 384)
|
(1 781)
|
(2 252)
|
(2 677)
|
(3 377)
|
(3 621)
|
(3 943)
|
(4 277)
|
(4 237)
|
|
Selling, General & Administrative |
(402)
|
(436)
|
(529)
|
(678)
|
(882)
|
(1 058)
|
(1 216)
|
(1 360)
|
(1 786)
|
(1 810)
|
(1 867)
|
(1 903)
|
(1 638)
|
|
Depreciation & Amortization |
(7)
|
(9)
|
(10)
|
(15)
|
(17)
|
(23)
|
(30)
|
(32)
|
(36)
|
(41)
|
(45)
|
(56)
|
(63)
|
|
Other Operating Expenses |
(179)
|
(187)
|
(240)
|
(334)
|
(485)
|
(701)
|
(1 006)
|
(1 284)
|
(1 555)
|
(1 770)
|
(2 032)
|
(2 317)
|
(2 536)
|
|
Operating Income |
(92)
N/A
|
(99)
-8%
|
(110)
-12%
|
(108)
+3%
|
(170)
-58%
|
(185)
-8%
|
(203)
-10%
|
(176)
+13%
|
(309)
-76%
|
2
N/A
|
351
+14 525%
|
757
+116%
|
1 539
+103%
|
|
Pre-Tax Income | ||||||||||||||
Interest Income Expense |
(101)
|
0
|
0
|
(88)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
(101)
|
(101)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(193)
N/A
|
(200)
-4%
|
(212)
-6%
|
(196)
+8%
|
(170)
+13%
|
(185)
-8%
|
(203)
-10%
|
(176)
+13%
|
(309)
-76%
|
2
N/A
|
351
+14 525%
|
757
+116%
|
1 539
+103%
|
|
Net Income | ||||||||||||||
Tax Provision |
22
|
13
|
7
|
(11)
|
5
|
24
|
27
|
42
|
(56)
|
(180)
|
(274)
|
(385)
|
(509)
|
|
Income from Continuing Operations |
(172)
|
(188)
|
(204)
|
(206)
|
(165)
|
(161)
|
(176)
|
(133)
|
(365)
|
(178)
|
77
|
372
|
1 031
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
(172)
N/A
|
(188)
-9%
|
(204)
-9%
|
(206)
-1%
|
(165)
+20%
|
(161)
+3%
|
(175)
-9%
|
(133)
+24%
|
(365)
-174%
|
(178)
+51%
|
77
N/A
|
372
+384%
|
1 031
+177%
|
|
EPS (Diluted) |
-0.04
N/A
|
-0.04
N/A
|
-0.04
N/A
|
-0.04
N/A
|
-0.04
N/A
|
-0.03
+25%
|
-0.04
-33%
|
-0.03
+25%
|
-0.08
-167%
|
-0.04
+50%
|
0.02
N/A
|
0.08
+300%
|
0.21
+163%
|