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Private company

Vasta Platform Ltd

Vasta Platform Ltd is a result of several acquisitions and in-house development of solutions throughout the years.1

Last updated Oct 21, 2026.

Overview

1.7BRevenue, fiscal 20242
486.4MNet income, fiscal 20242
  • IndustryServices-Educational Services1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressAvenida Paulista, 901, 6Th Floor, Jardim Paulista, Sao Paulo, D5 01310-1003
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Our business is the result of several acquisitions and in-house development of solutions throughout the years, and we have a solid track record in the educational market that traces back to the beginning of the century. The solutions presented below were integrated one by one in a thorough process, resulting in what is now a one-stop-partner provider to schools with an unmatchable market offering. Based on our extensive knowledge of private schools given Cogna’s history of owning schools’ operations, additions to Vasta’s platform have enforced cross-knowledge and improvements to take our solutions to the next level.4 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

61.0%Gross margin2
17.9%Operating margin2
29.1%Net margin2
12.6%Revenue growth, 20242
9.7%Return on equity2
0.10×Debt to equity2
143.1M BRLFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue39¢653.4M BRL
  • Other costs6¢94.3M BRL
  • Interest16¢260.8M BRL
  • Income tax11¢179.3M BRL
  • Profit29¢486.4M BRL

Out of 1.7B BRL in revenue.2

Where each dollar of operating cash went, fiscal 2024

  • Capital spending18¢32.3M BRL
  • Share buybacks13¢22.5M BRL
  • Kept or used elsewhere69¢120.6M BRL

Out of 175.4M BRL of cash from operations.2

Financial statements

Revenue56721.7B BRL in 2024+69% since 2019
0500.0M BRL1.0B BRL1.5B BRL2.0B BRL2019: 989.7M BRL989.7M BRL20192020: 997.6M BRL997.6M BRL2020+1%2021: 947.4M BRL947.4M BRL2021−5%2022: 1.3B BRL1.3B BRL2022+33%2023: 1.5B BRL1.5B BRL2023+18%2024: 1.7B BRL1.7B BRL2024+13%
Gross profit56721.0B BRL in 2024+88% since 2019
0500.0M BRL1.0B BRL1.5B BRL2019: 542.6M BRL542.6M BRL20192020: 619.6M BRL619.6M BRL2020+14%2021: 550.6M BRL550.6M BRL2021−11%2022: 791.1M BRL791.1M BRL2022+44%2023: 915.4M BRL915.4M BRL2023+16%2024: 1.0B BRL1.0B BRL2024+12%
Operating income5672300.4M BRL in 2024+264% since 2019
-100.0M BRL0100.0M BRL200.0M BRL300.0M BRL400.0M BRL2019: 82.5M BRL82.5M BRL20192020: 27.4M BRL27.4M BRL2020−67%2021: -71.3M BRL-71.3M BRL20212022: 76.1M BRL76.1M BRL20222023: 114.9M BRL114.9M BRL2023+51%2024: 300.4M BRL300.4M BRL2024+161%
Net income5672486.4M BRL in 2024
-200.0M BRL0200.0M BRL400.0M BRL600.0M BRL2019: -60.7M BRL-60.7M BRL20192020: -45.6M BRL-45.6M BRL2020−25%2021: -118.8M BRL-118.8M BRL2021+160%2022: -54.6M BRL-54.6M BRL2022−54%2023: -83.0M BRL-83.0M BRL2023+52%2024: 486.4M BRL486.4M BRL2024
Fiscal year2018201920202021202220232024
Revenue989.7M BRL5997.6M BRL6947.4M BRL71.3B BRL21.5B BRL21.7B BRL2
Cost of revenue396.8M BRL7473.1M BRL2570.9M BRL2653.4M BRL2
Gross profit542.6M BRL5619.6M BRL6550.6M BRL7791.1M BRL2915.4M BRL21.0B BRL2
Operating income82.5M BRL527.4M BRL6-71.3M BRL776.1M BRL2114.9M BRL2300.4M BRL2
Interest120.2M BRL7270.3M BRL2304.9M BRL2260.8M BRL2
Income before tax-155.8M BRL7-105.7M BRL2-119.7M BRL2307.1M BRL2
Income tax-37.1M BRL7-51.1M BRL2-36.7M BRL2-179.3M BRL2
Net income-60.7M BRL5-45.6M BRL6-118.8M BRL7-54.6M BRL2-83.0M BRL2486.4M BRL2
Earnings per share-1 BRL/shares5-1 BRL/shares6-1 BRL/shares7-1 BRL/shares2-1 BRL/shares26 BRL/shares2
Earnings per share (diluted)-1 BRL/shares5-1 BRL/shares6-1 BRL/shares7-1 BRL/shares2-1 BRL/shares26 BRL/shares2
Shares (weighted, basic)82.3M shares782.4M shares282.3M shares280.2M shares2

Compare Vasta Platform Ltd with another company

Corporate structure

Vasta Platform 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 Vasta Platform Ltd

  • Ronit Capital LLP Filed SCHEDULE 13G/A on Vasta Platform Ltd, latest Jan 21, 2026 (4 filings since Jan 31, 2022)
  • JPMorgan Chase Filed SCHEDULE 13G/A on Vasta Platform Ltd, latest Nov 4, 2025 (4 filings since Oct 23, 2024)
  • STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM Filed SCHEDULE 13G/A on Vasta Platform Ltd, latest Feb 12, 2025
  • Lagos Capital Corp Filed SCHEDULE 13D on Vasta Platform Ltd, latest Jan 10, 2025
  • KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Filed SC 13G/A on Vasta Platform Ltd, latest Nov 13, 2024 (4 filings since Jan 10, 2022)
  • FMR LLC Filed SC 13G/A on Vasta Platform Ltd, latest Oct 7, 2024 (3 filings since Feb 9, 2022)
  • Compass RE Filed SC 13G/A on Vasta Platform Ltd, latest Sep 4, 2024 (6 filings since Feb 14, 2022)
  • Ninety One UK Ltd Filed SC 13G on Vasta Platform Ltd, latest Jun 4, 2024 (3 filings since Apr 8, 2022)
  • SPX Gestao de Recursos Ltda Filed SC 13G on Vasta Platform Ltd, latest Apr 10, 2024
  • Newfoundland Capital Management Filed SC 13G on Vasta Platform Ltd, latest Feb 14, 2023
  • Neuberger Berman Filed SC 13G/A on Vasta Platform Ltd, latest Feb 14, 2022
  • Cogna Educacao S.A. Filed SC 13G/A on Vasta Platform Ltd, latest Feb 11, 2022
  • Vasta Platform Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Vasta Platform 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

ItemLatestA year beforeChange
Property and equipment, net161.0M BRL2 Dec 31, 2024151.5M BRL2 Dec 31, 2023+6.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents84.5M BRL2 Dec 31, 202495.9M BRL2 Dec 31, 2023−11.8%

Inventory

ItemLatestA year beforeChange
Inventory, total276.8M BRL2 Dec 31, 2024300.5M BRL2 Dec 31, 2023−7.9%

Filings

92 filings to the SEC since October 2021: 4 annual reports, 33 large holders, 55 other. The latest 20:

  1. Jan 30, 202615-12G EDGAR
  2. Jan 21, 2026S-8 POS EDGAR
  3. Jan 21, 2026S-8 POS EDGAR
  4. Jan 21, 2026SCHEDULE 13G/A EDGAR
  5. Jan 20, 202625 EDGAR
  6. Jan 9, 20266-K EDGAR
  7. Dec 11, 2025SC TO-T/A EDGAR
  8. Dec 11, 2025SC 13E3/A EDGAR
  9. Nov 28, 2025SC 13E3/A EDGAR
  10. Nov 28, 2025SC TO-T/A EDGAR
  11. Nov 6, 20256-K EDGAR
  12. Nov 4, 2025SCHEDULE 13G/A EDGAR
  13. Oct 29, 2025SC TO-T/A EDGAR
  14. Oct 29, 2025SC 13E3/A EDGAR
  15. Oct 16, 2025SC 13E3/A EDGAR
  16. Oct 16, 2025SC TO-T/A EDGAR
  17. Sep 30, 2025SC 14D9 EDGAR
  18. Sep 24, 2025SC 13E3/A EDGAR
  19. Sep 24, 2025SC TO-T/A EDGAR
  20. Sep 17, 2025SC 13E3 EDGAR

The 92 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.

SEC filer profile

How Vasta Platform Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVasta Platform Ltd1
  • CIK0001792829
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressAvenida Paulista, 901, 6Th Floor, Jardim Paulista, Sao Paulo, D5 01310-1001
  • Phone55 11 3133-75591
  • Shares outstanding15,765,930 Class A Common Shares shares; 64,436,093 Class B Series1 Common Shares shares as of Dec 31, 20244
  • AuditorKPMG Auditores Independentes Ltda., São Paulo - Brazil PCAOB ID 1124; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 20, 20201
  • Filings146 in all: 6-K (53), SC 13G/A (27), SC 13G (16), 20-F (5), SC 13E3/A (5), SC TO-T/A (5), SCHEDULE 13G/A (5), CORRESP (4)1
    All 28 form types

    UPLOAD (3), DRSLTR (2), F-1/A (2), S-8 (2), S-8 POS (2), 15-12G (1), 20-F/A (1), 25 (1), 424B1 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), EFFECT (1), F-1 (1), SC 13E3 (1), SC 14D9 (1), SC TO-C (1), SC TO-T (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (20-F) Apr 17, 2025

Securities registered for trading

ClassSymbolExchange
Class A common shares, par value US$0.00005 per shareVSTANasdaq Global Select Market

From the cover page of the 20-F filed Apr 17, 2025 (Section 12(b) of the Exchange Act).4

Sources

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