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Price · 6M
$11.97
Thesis
Nubank is the marquee Latin American neobank, with more than 100 million customers across Brazil, Mexico, and Colombia. It reached sustained GAAP profitability in 2023 and has continued to compound at high incremental margins as deposit balances scale and the credit book matures.
The franchise is structural: a digital-only stack with no branch overhead, multi-product attach across cards, lending, and savings, and a brand-led acquisition model that drives single-digit customer-acquisition costs. Berkshire Hathaway is a longstanding minority shareholder.
Catalysts
- Mexico and Colombia user growth and product attach
- Credit loss trajectory through the Brazilian rate cycle
- Net interest margin as deposit funding scales
- Expansion of higher-income "Ultra-Violet" segment
Recent events
Material filings, federal awards, and regulatory activity from the last 30 days. Impact is scored against market cap.
- May 14Financial resultsSEC
Nu Holdings Ltd. filed Form 6-K on 2026-05-14 covering Q1 2026 results.