Overview
- TickerNVNI on Nasdaq1
- IndustryServices-Prepackaged Software1
- HeadquartersGrand Cayman, Cayman Islands1
- Incorporated inCayman Islands2
- Business addressWillow House, Cricket Square, P.O. Box 10008, Grand Cayman, E9 Ky1-10012
- Filer categoryNon-accelerated filer, Emerging growth company2
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Report, Nuvini S.A. has acquired controlling interests in seven B2B SaaS companies:3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue37¢70.8M BRL
- Selling, general and admin30¢57.7M BRL
- Other costs29¢55.3M BRL
- Income tax5¢9.5M BRL
Out of 193.3M BRL in revenue.4 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024
- Capital spending5¢1.8M BRL
- Kept or used elsewhere95¢36.8M BRL
Out of 38.6M BRL of cash from operations.4
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net operating revenue | 196.7M BRL | 193.3M BRL | 169.0M BRL |
| Cost of services provided | -68.9M BRL | -70.8M BRL | -66.1M BRL |
| Gross profit | 127.8M BRL | 122.5M BRL | 102.8M BRL |
| Sales and marketing expenses | -30.7M BRL | -28.1M BRL | -28.8M BRL |
| General and administrative expenses | -82.8M BRL | -57.7M BRL | -93.2M BRL |
| Impairment of goodwill | -14.6M BRL | -18.3M BRL | -11.4M BRL |
| Other operating (expenses) income, net | -41.5M BRL | -1.9M BRL | 17.6M BRL |
| Listing expense | -176.3M BRL | ||
| Operating (loss) profit | -41.7M BRL | 16.5M BRL | -189.2M BRL |
| Financial income (expenses), net | -54.7M BRL | -85.2M BRL | -55.1M BRL |
| Loss before income tax | -96.4M BRL | -68.7M BRL | -244.3M BRL |
| Income tax, net | -10.5M BRL | -9.5M BRL | -3.6M BRL |
| Net loss | -106.9M BRL | -78.2M BRL | -247.9M BRL |
| Owners of the Company | -112.9M BRL | -86.2M BRL | -254.7M BRL |
| Non-controlling interests | 6.0M BRL | 8.0M BRL | 6.8M BRL |
| Basic and diluted loss per share (R$) (in Brazil Real per share) | -11.34 BRL | -25.83 BRL | -107.34 BRL |
| Diluted loss per share (in Brazil Real per share) | -11.34 BRL | -25.83 BRL | -107.34 BRL |
| Foreign currency translation adjustment | -6.2M BRL | -3.0M BRL | |
| Total other comprehensive loss | -6.2M BRL | -3.0M BRL | |
| Comprehensive loss | -113.1M BRL | -81.2M BRL | -247.9M BRL |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 13.5M BRL | 18.0M BRL | 11.4M BRL | 8.0M BRL |
| Trade accounts receivable, net | 11.1M BRL | 15.0M BRL | ||
| Short-term advances | 28.4M BRL | 31.7M BRL | ||
| Tax recoverable | 5.8M BRL | 793.0K BRL | ||
| Other current assets | 2.5M BRL | 2.9M BRL | ||
| Total current assets | 61.2M BRL | 68.3M BRL | ||
| Property and equipment, net | 3.9M BRL | 4.5M BRL | ||
| Right-of-use assets, net | 2.0M BRL | 1.8M BRL | 1.4M BRL | |
| Intangible assets, net | 113.1M BRL | 133.6M BRL | ||
| Goodwill | 156.4M BRL | 185.8M BRL | ||
| Other non-current assets | 11.0M BRL | 11.4M BRL | ||
| Total non-current assets | 286.5M BRL | 337.1M BRL | ||
| Total assets | 347.7M BRL | 405.4M BRL | ||
| Accounts payable to suppliers | 56.9M BRL | 61.3M BRL | ||
| Salaries and labor charges | 20.3M BRL | 18.2M BRL | ||
| Loans and financing | 569.0K BRL | 2.5M BRL | ||
| Debentures | 8.0M BRL | 40.7M BRL | 51.2M BRL | |
| Exposure premium liability | 2.9M BRL | 2.9M BRL | ||
| Lease liability | 1.0M BRL | 773.0K BRL | ||
| Income taxes payable | 7.9M BRL | 1.8M BRL | ||
| Taxes, fees and contributions payable | 5.8M BRL | 5.6M BRL | ||
| Deferred revenue | 3.9M BRL | 3.7M BRL | ||
| Deferred and contingent consideration on acquisitions | 277.3M BRL | 277.2M BRL | ||
| Related parties | 1.1M BRL | |||
| Loans from investors | 24.3M BRL | |||
| Other current liabilities | 842.0K BRL | 775.0K BRL | ||
| Total current liabilities | 409.8M BRL | 416.6M BRL | ||
| Loans and financing | 189.0K BRL | 375.0K BRL | ||
| Loans from investors | 28.4M BRL | 22.0M BRL | ||
| Taxes and contributions payable | 1.5M BRL | 2.0M BRL | ||
| Lease liability | 1.2M BRL | 1.1M BRL | ||
| Provisions for risks | 16.4M BRL | 26.6M BRL | ||
| Deferred taxes | 35.6M BRL | 40.6M BRL | ||
| Derivative warrant liabilities | 9.5M BRL | 7.7M BRL | ||
| Total non-current liabilities | 92.7M BRL | 100.4M BRL | ||
| Total liabilities | 502.5M BRL | 517.0M BRL | ||
| Share capital | 369.1M BRL | 283.4M BRL | ||
| Capital reserves | 128.9M BRL | 128.8M BRL | ||
| Accumulated losses | -638.0M BRL | -529.8M BRL | ||
| Other comprehensive loss | -9.2M BRL | -3.0M BRL | ||
| Total shareholders deficit, Equity attributable to owners | -149.2M BRL | -120.5M BRL | ||
| Non-controlling interest | -5.6M BRL | 8.9M BRL | ||
| Total shareholders deficit | -154.8M BRL | -111.6M BRL | -53.6M BRL | -95.0M BRL |
| Total liabilities and shareholders deficit | 347.7M BRL | 405.4M BRL |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 13.5M BRL | 18.0M BRL | 11.4M BRL | 8.0M BRL |
| Trade accounts receivable, net | 11.1M BRL | 15.0M BRL | ||
| Short-term advances | 28.4M BRL | 31.7M BRL | ||
| Tax recoverable | 5.8M BRL | 793.0K BRL | ||
| Other current assets | 2.5M BRL | 2.9M BRL | ||
| Total current assets | 61.2M BRL | 68.3M BRL | ||
| Property and equipment, net | 3.9M BRL | 4.5M BRL | ||
| Right-of-use assets, net | 2.0M BRL | 1.8M BRL | 1.4M BRL | |
| Intangible assets, net | 113.1M BRL | 133.6M BRL | ||
| Goodwill | 156.4M BRL | 185.8M BRL | ||
| Other non-current assets | 11.0M BRL | 11.4M BRL | ||
| Total non-current assets | 286.5M BRL | 337.1M BRL | ||
| Total assets | 347.7M BRL | 405.4M BRL | ||
| Accounts payable to suppliers | 56.9M BRL | 61.3M BRL | ||
| Salaries and labor charges | 20.3M BRL | 18.2M BRL | ||
| Loans and financing | 569.0K BRL | 2.5M BRL | ||
| Debentures | 8.0M BRL | 40.7M BRL | 51.2M BRL | |
| Exposure premium liability | 2.9M BRL | 2.9M BRL | ||
| Lease liability | 1.0M BRL | 773.0K BRL | ||
| Income taxes payable | 7.9M BRL | 1.8M BRL | ||
| Taxes, fees and contributions payable | 5.8M BRL | 5.6M BRL | ||
| Deferred revenue | 3.9M BRL | 3.7M BRL | ||
| Deferred and contingent consideration on acquisitions | 277.3M BRL | 277.2M BRL | ||
| Related parties | 1.1M BRL | |||
| Loans from investors | 24.3M BRL | |||
| Other current liabilities | 842.0K BRL | 775.0K BRL | ||
| Total current liabilities | 409.8M BRL | 416.6M BRL | ||
| Loans and financing | 189.0K BRL | 375.0K BRL | ||
| Loans from investors | 28.4M BRL | 22.0M BRL | ||
| Taxes and contributions payable | 1.5M BRL | 2.0M BRL | ||
| Lease liability | 1.2M BRL | 1.1M BRL | ||
| Provisions for risks | 16.4M BRL | 26.6M BRL | ||
| Deferred taxes | 35.6M BRL | 40.6M BRL | ||
| Derivative warrant liabilities | 9.5M BRL | 7.7M BRL | ||
| Total non-current liabilities | 92.7M BRL | 100.4M BRL | ||
| Total liabilities | 502.5M BRL | 517.0M BRL | ||
| Share capital | 369.1M BRL | 283.4M BRL | ||
| Capital reserves | 128.9M BRL | 128.8M BRL | ||
| Accumulated losses | -638.0M BRL | -529.8M BRL | ||
| Other comprehensive loss | -9.2M BRL | -3.0M BRL | ||
| Total shareholders deficit, Equity attributable to owners | -149.2M BRL | -120.5M BRL | ||
| Non-controlling interest | -5.6M BRL | 8.9M BRL | ||
| Total shareholders deficit | -154.8M BRL | -111.6M BRL | -53.6M BRL | -95.0M BRL |
| Total liabilities and shareholders deficit | 347.7M BRL | 405.4M BRL |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Loss before income tax | -96.4M BRL | -68.7M BRL | -244.3M BRL |
| Depreciation and amortization | 19.6M BRL | 19.9M BRL | 18.7M BRL |
| Treasury stock | -27.0K BRL | ||
| Share-based payment expense | 51.0K BRL | 913.0K BRL | 6.3M BRL |
| Adjustment in provision for risks | -10.2M BRL | -4.2M BRL | -1.4M BRL |
| Interest on loans, financing and debentures | 12.5M BRL | 13.7M BRL | 15.1M BRL |
| Interest on lease liabilities | 303.0K BRL | 227.0K BRL | 316.0K BRL |
| Amendment to lease liability | -217.0K BRL | ||
| Allowance for expected credit loss | -526.0K BRL | 47.0K BRL | 440.0K BRL |
| Write-offs accounts receivable | 953.0K BRL | ||
| Impairment of goodwill | 14.6M BRL | 18.3M BRL | 11.4M BRL |
| Loss on disposal of assets | 147.0K BRL | 55.0K BRL | 1.6M BRL |
| Deferred and contingent consideration adjustment | 44.3M BRL | 53.1M BRL | 40.5M BRL |
| Employee bonus provision | 660.0K BRL | 660.0K BRL | 2.0M BRL |
| Fair value of derivative warrant liabilities | 1.8M BRL | 3.2M BRL | -14.5M BRL |
| Listing expense | 176.3M BRL | ||
| Fair value of subscription rights | -2.9M BRL | ||
| Write-off due to disposal of subsidiary | 35.9M BRL | ||
| Trade accounts receivable | 4.4M BRL | -757.0K BRL | -2.5M BRL |
| Other assets | -4.8M BRL | 876.0K BRL | -32.2M BRL |
| Accounts payable to suppliers | -4.4M BRL | 14.2M BRL | 39.0M BRL |
| Salaries and labor charges | 1.4M BRL | 876.0K BRL | -1.1M BRL |
| Taxes and fees | 5.5M BRL | -1.4M BRL | 2.5M BRL |
| Deferred revenue | 186.0K BRL | 593.0K BRL | -675.0K BRL |
| Other liabilities | 68.0K BRL | -77.0K BRL | -2.7M BRL |
| Income taxes paid | -16.9M BRL | -12.9M BRL | -9.6M BRL |
| Net cash from operating activities | 8.0M BRL | 38.6M BRL | 2.8M BRL |
| Cash payments to acquire property and equipment | -1.1M BRL | -1.8M BRL | -3.6M BRL |
| Cash payments to acquire intangibles | -6.1M BRL | -14.2M BRL | -8.6M BRL |
| Acquisition of subsidiaries net of cash acquired | -1.8M BRL | ||
| Net cash used in investing activities | -8.9M BRL | -16.1M BRL | -12.2M BRL |
| Payment of principal loans and financing | -38.9M BRL | -17.9M BRL | -9.5M BRL |
| Interest paid | -6.0M BRL | -8.3M BRL | -14.8M BRL |
| Payment of principal portion of lease liabilities | -1.1M BRL | -1.1M BRL | -1.1M BRL |
| Proceeds from debentures, loans, and financing | 27.1M BRL | 9.1M BRL | 18.6M BRL |
| Capital increase | 85.7M BRL | 13.8M BRL | 29.1M BRL |
| Distributions paid to non-controlling interest | -18.8M BRL | -3.4M BRL | -5.1M BRL |
| Payment of deferred and contingent consideration on acquisitions | -45.5M BRL | -8.0M BRL | -4.5M BRL |
| Net cash (used in) from financing activities | 2.5M BRL | -15.9M BRL | 12.8M BRL |
| Exchange rate changes on cash and cash equivalents of foreign subsidiaries | -6.2M BRL | ||
| Net increase (decrease) in cash and cash equivalents | -4.6M BRL | 6.6M BRL | 3.4M BRL |
No quarter-by-quarter statement was filed.
Corporate structure
Nvni Group Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Nvni Group Ltd
- Ayrton Capital LLC Filed SCHEDULE 13G on Nvni Group Ltd, latest Feb 11, 2026
- Pierre Schurmann Filed SCHEDULE 13D/A on Nvni Group Ltd, latest Jan 12, 2026 (8 filings since Oct 10, 2023)
- Gustavo De Lima Usero Filed SCHEDULE 13D on Nvni Group Ltd, latest Oct 15, 2025
- Luiz Busnello Filed SCHEDULE 13D/A on Nvni Group Ltd, latest Oct 15, 2025 (4 filings since Oct 10, 2023)
- Mercato Partners Acquisition Group, LLC Filed SC 13D on Nvni Group Ltd, latest Dec 1, 2023
- Nvni Group Ltd Grand Cayman, Cayman Islands
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Nvni Group Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | 4.5M BRL4 Dec 31, 2024 | 4.0M BRL4 Dec 31, 2023 | +12.3% |
| Operating-lease assets (leased space) | 1.8M BRL4 Dec 31, 2024 | 1.4M BRL4 Dec 31, 2023 | +24.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | 18.0M BRL4 Dec 31, 2024 | 11.4M BRL4 Dec 31, 2023 | +58.2% |
Intangibles and goodwill
Leadership
Who has led Nvni Group Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerPierre Schurmann Mar 17, 2026 to now7
- Chief operating officerGustavo De Lima Usero Mar 17, 2026 to now8
Board members and other officers (4)
- OfficerCaramaschi Alexandre Augusto Seixlack Sep 14, 2026 to now9
- Board memberLuiz Busnello Mar 17, 2026 to now10
- Board memberPierre Schurmann Mar 17, 2026 to now7
- Board memberFernandes Marco Aurelio Leone Sep 14, 2026 to now11
Timeline
- Mar 17, 2026New chief executive Pierre Schurmann becomes CEO7
Filings
136 filings to the SEC since October 2021: 5 annual reports, 6 insider forms, 15 large holders, 110 other. The latest 20:
- Oct 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 14, 20263 EDGAR
- Sep 14, 20263 EDGAR
- Aug 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 30, 202620-F ANNUAL REPORT EDGAR
- Apr 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Mar 17, 20263 EDGAR
- Mar 17, 20263 EDGAR
- Mar 17, 20263 EDGAR
- Mar 17, 20263 EDGAR
The 136 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Ayrton Capital LLCSCHEDULE 13G, 1 filing Feb 11, 202612
- Pierre SchurmannSCHEDULE 13D/A, 8 filings Oct 10, 2023 to Jan 12, 202613
- Gustavo De Lima UseroSCHEDULE 13D, 1 filing Oct 15, 202514
- Luiz BusnelloSCHEDULE 13D/A, 4 filings Oct 10, 2023 to Oct 15, 202515
- Mercato Partners Acquisition Group, LLCSC 13D, 1 filing Dec 1, 202316
SEC filer profile
How Nvni Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNvni Group Ltd1
- CIK0001965143
- Filer statusNon accelerated filer an emerging growth company; not a shell company3
- Incorporated inCayman Islands3
- Fiscal year endsDecember 311
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business addressWillow House, Cricket Square, P.O. Box 10008, Grand Cayman, E9 KY1-10011
- Mailing addressRua Jesuino Arruda, No. 769, Room 20-Bi, Itaim Bibi, Sao Paulo, D5 04532-0821
- Phone55-11-5642-33701
- Shares outstanding10,032,710 shares as of Dec 31, 20253
- AuditorGrant Thornton Auditores Independentes Ltda, São Paulo, Brazil PCAOB ID 5270; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceFeb 27, 20231
- Filings136 in all: 6-K (67), 425 (8), CORRESP (8), SCHEDULE 13D/A (7), UPLOAD (7), 3 (6), 20-F (4), F-4/A (4)1
All 25 form types
424B3 (3), EFFECT (3), SC 13D (3), SC 13D/A (2), SCHEDULE 13D (2), 20-F/A (1), 8-A12B (1), CERT (1), DRS (1), DRSLTR (1), F-1 (1), F-1/A (1), F-3 (1), F-4 (1), F-4MEF (1), NT 20-F (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) Apr 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary shares, par value $0.0001 per share | NVNI | The Nasdaq Stock Market LLC |
| Warrants to purchase ordinary shares, each whole warrant exercisable for one ordinary share at an exercise price of $11.50 | NVNIW | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARNvni Group Ltd filings on SEC EDGAR
- 2SEC EDGARNvni Group Ltd filings on SEC EDGAR
- 3
- 4SEC EDGARNvni Group Ltd 10-K for fiscal 2024
- 5SEC EDGARNvni Group Ltd 10-K for fiscal 2021
- 6
- 7
- 8
- 9
- 10SEC EDGARLuiz Busnello, Board member
- 11
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- 14
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- 16