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Private company

Vitru Ltd

Vitru Ltd is an educational services company in the Cayman Islands.1

Last updated Oct 21, 2026.

Overview

2.0BRevenue, fiscal 20232
108.8MNet income, fiscal 20232
  • IndustryServices-Educational Services1
  • HeadquartersE91
  • Incorporated inCayman Islands3
  • Business addressRodovia Jose Carlos Daux, 5500, Jurere A, 2Nd Fl, Saco Grande, Florianopolis, State Of Santa Catarina, D5 88032-0053
  • Filer categoryAccelerated filer, Emerging growth company3

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We have more than 20 years of history of growth among the largest digital education players in Brazil, throughout which we have been able to consistently improve our hybrid education model in several phases.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 2023

65.9%Gross margin2
20.5%Operating margin2
5.5%Net margin2
49.0%Revenue growth, 20232
4.8%Return on equity2
0.89×Debt to equity2
178.2M BRLFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue34¢669.5M BRL
  • Other costs41¢804.9M BRL
  • Interest19¢366.5M BRL
  • Income tax1¢12.8M BRL
  • Profit6¢108.8M BRL

Out of 2.0B BRL in revenue.2

Where each dollar of operating cash went, fiscal 2023

  • Capital spending22¢51.3M BRL
  • Share buybacks7¢16.1M BRL
  • Kept or used elsewhere71¢162.0M BRL

Out of 229.5M BRL of cash from operations.2

Financial statements

Revenue56722.0B BRL in 2023+412% since 2018
0500.0M BRL1.0B BRL1.5B BRL2.0B BRL2018: 383.4M BRL383.4M BRL20182019: 461.1M BRL461.1M BRL2019+20%2020: 519.2M BRL519.2M BRL2020+13%2021: 631.1M BRL631.1M BRL2021+22%2022: 1.3B BRL1.3B BRL2022+109%2023: 2.0B BRL2.0B BRL2023+49%
Gross profit56721.3B BRL in 2023+549% since 2018
0500.0M BRL1.0B BRL1.5B BRL2018: 199.3M BRL199.3M BRL20182019: 249.5M BRL249.5M BRL2019+25%2020: 297.7M BRL297.7M BRL2020+19%2021: 390.2M BRL390.2M BRL2021+31%2022: 815.0M BRL815.0M BRL2022+109%2023: 1.3B BRL1.3B BRL2023+59%
Operating income5672401.6M BRL in 2023
-200.0M BRL0200.0M BRL400.0M BRL600.0M BRL2018: -7.6M BRL-7.6M BRL20182019: -35.9M BRL-35.9M BRL2019+369%2020: 60.9M BRL60.9M BRL20202021: 78.8M BRL78.8M BRL2021+29%2022: 201.0M BRL201.0M BRL2022+155%2023: 401.6M BRL401.6M BRL2023+100%
Net income5672108.8M BRL in 2023
-100.0M BRL-50.0M BRL050.0M BRL100.0M BRL150.0M BRL2018: -45.2M BRL-45.2M BRL20182019: -66.2M BRL-66.2M BRL2019+46%2020: 52.1M BRL52.1M BRL20202021: 70.6M BRL70.6M BRL2021+36%2022: 93.3M BRL93.3M BRL2022+32%2023: 108.8M BRL108.8M BRL2023+17%
Fiscal year2017201820192020202120222023
Revenue383.4M BRL5461.1M BRL6519.2M BRL7631.1M BRL21.3B BRL22.0B BRL2
Cost of revenue240.9M BRL2502.3M BRL2669.5M BRL2
Gross profit199.3M BRL5249.5M BRL6297.7M BRL7390.2M BRL2815.0M BRL21.3B BRL2
Operating income-7.6M BRL5-35.9M BRL660.9M BRL778.8M BRL2201.0M BRL2401.6M BRL2
Interest74.9M BRL2264.4M BRL2366.5M BRL2
Income before tax49.4M BRL21.1M BRL296.0M BRL2
Income tax-21.2M BRL2-92.2M BRL2-12.8M BRL2
Net income-45.2M BRL5-66.2M BRL652.1M BRL770.6M BRL293.3M BRL2108.8M BRL2
Earnings per share-3 BRL/shares5-4 BRL/shares63 BRL/shares73 BRL/shares24 BRL/shares23 BRL/shares2
Earnings per share (diluted)-3 BRL/shares5-4 BRL/shares63 BRL/shares73 BRL/shares23 BRL/shares23 BRL/shares2
Shares (weighted, basic)22.9M shares226.5M shares233.7M shares2
Shares (weighted, diluted)24.4M shares228.8M shares236.6M shares2

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Corporate structure

Vitru 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 Vitru Ltd

  • Vitru Ltd E9

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

What it owns

What Vitru 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, net205.9M BRL2 Dec 31, 2023194.6M BRL2 Dec 31, 2022+5.8%
Operating-lease assets (leased space)349.7M BRL2 Dec 31, 2023350.4M BRL2 Dec 31, 2022−0.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents21.3M BRL2 Dec 31, 202347.2M BRL2 Dec 31, 2022−54.9%

Filings

141 filings to the SEC since October 2021: 4 annual reports, 19 large holders, 118 other. The latest 20:

  1. Jun 17, 202415F-12B EDGAR
  2. Jun 10, 20246-K EDGAR
  3. May 29, 2024EFFECT EDGAR
  4. May 28, 2024S-8 POS EDGAR
  5. May 28, 2024POS AM EDGAR
  6. May 16, 20246-K EDGAR
  7. May 13, 20246-K EDGAR
  8. May 13, 20246-K EDGAR
  9. May 13, 20246-K EDGAR
  10. May 3, 2024SC 13G/A AMENDMENT NO. 1 TO SCHEDULE 13G EDGAR
  11. Apr 30, 202420-F EDGAR
  12. Apr 29, 2024144 EDGAR
  13. Apr 29, 2024144 EDGAR
  14. Apr 29, 2024144 EDGAR
  15. Apr 29, 2024144 EDGAR
  16. Apr 29, 2024144 EDGAR
  17. Apr 22, 20246-K EDGAR
  18. Mar 28, 20246-K EDGAR
  19. Mar 22, 20246-K EDGAR
  20. Mar 21, 20246-K EDGAR

The 141 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 Vitru Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVitru Ltd1
  • CIK0001805012
  • Filer statusAccelerated filer<br>emerging growth company1
  • Incorporated inCayman Islands1
  • Fiscal year endsDecember 311
  • Industry code (SIC)8200 Services-Educational Services1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressRodovia Jose Carlos Daux, 5500, Jurere A, 2Nd Fl, Saco Grande, Florianopolis, State Of Santa Catarina, D5 88032-0051
  • Phone55 (47) 3281-95001
  • Shares outstanding33,826,199 as of Dec 31, 20232
  • On EDGAR sinceMar 30, 20201
  • Filings184 in all: 6-K (81), 144 (23), SC 13G/A (14), SC 13G (12), UPLOAD (7), SC 13E3/A (5), 20-F (4), 425 (4)1
    All 30 form types

    CORRESP (4), DRSLTR (4), EFFECT (3), 6-K/A (2), DRS/A (2), F-1/A (2), S-8 (2), 15F-12B (1), 20-F/A (1), 25-NSE (1), 424B1 (1), 424B3 (1), 424B5 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-3 (1), POS AM (1), S-8 POS (1), SC 13D (1), SC 13E3 (1)

  • Latest filingsAnnual report (20-F) Apr 30, 2024

Sources

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