Also trades as: COGNY (OTC) · $vol 0M

R$2.43 ($0.46)

+0.08 (+3.40%)

Weekly Expected Move ±6.5%

R$2 R$2 R$2 R$3 R$3

SAO · Consumer Defensive · Education & Training Services · Tech Score Neutral · Power 47 · R$4.9B mcap · 1.90B float · 1.45% daily turnover

Revenue

$7.0B +9.8% ▲

5Y CAGR: +5.9%

Gross Profit

$4.8B +12.8% ▲

5Y CAGR: +7.8%

Operating Income

$1.4B -6.2% ▼

Net Income

$626M -28.9% ▼

EPS (Diluted)

$0.34 -26.1% ▼

EBITDA

$2.1B -20.8% ▼

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$4.8B	$5.0B	$5.8B	$6.4B	$7.0B
YoY Growth	-9.3%	+4.7%	+16.2%	+9.9%	+9.8%
Cost of Revenue	$1.9B	$1.8B	$2.1B	$2.1B	$2.2B
Gross Profit	$2.9B	$3.2B	$3.7B	$4.3B	$4.8B
Gross Margin	60.2%	63.7%	63.7%	66.9%	68.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$2.8B	$2.2B	$2.5B	$2.3B	$2.8B
Operating Expenses	$2.8B	$2.7B	$3.0B	$2.9B	$3.4B
Operating Income	$77M	$512M	$751M	$1.5B	$1.4B
Operating Margin	1.6%	10.2%	12.9%	23.0%	19.6%
Interest Expense	$757M	$1.2B	$1.1B	$995M	$948M
Income Before Tax	-$505M	-$480M	-$172M	$663M	$579M
Tax Expense	-$44M	-$52M	$296M	-$332M	-$7M
Net Income	-$489M	-$529M	-$493M	$880M	$626M
Net Margin	-10.2%	-10.6%	-8.5%	13.8%	8.9%
EPS (Diluted)	$-0.26	$-0.28	$-0.26	$0.46	$0.34
EBITDA	$1.2B	$1.6B	$1.8B	$2.6B	$2.1B
Shares Outstanding	1.87B	1.88B	1.91B	1.91B	1.86B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$1.3B	$2.2B	$1.6B	$1.7B	$1.5B	$2.2B	$2.1B	$2.0B
Cost of Revenue	$428M	$746M	$443M	$524M	$382M	$747M	$746M	$756M
Gross Profit	$853M	$1.4B	$1.2B	$1.1B	$1.1B	$1.5B	$1.4B	$1.2B
Gross Margin	66.6%	65.5%	72.8%	68.5%	74.9%	66.1%	65.2%	61.4%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$645M	$363M	$718M	$665M	$282M	$1.1B	$789M	$865M
Operating Expenses	$714M	$648M	$881M	$841M	$939M	$925M	$956M	$865M
Operating Income	$140M	$767M	$304M	$300M	$203M	$571M	$444M	$340M
Operating Margin	10.9%	35.5%	18.7%	18.0%	13.3%	26.0%	20.7%	17.3%
Interest Expense	$235M	$231M	$227M	$247M	$229M	$245M	$237M	$233M
Income Before Tax	-$76M	$785M	$124M	$108M	$12M	$334M	$217M	$142M
Tax Expense	-$29M	-$281M	$30M	$2M	-$166M	$127M	$76M	-$7M
Net Income	-$29M	$926M	$95M	$119M	$192M	$220M	$141M	$149M
Net Margin	-2.3%	42.9%	5.8%	7.1%	12.6%	10.0%	6.6%	7.6%
EPS (Diluted)	$-0.02	$0.49	$0.05	$0.07	$0.10	$0.11	$0.07	$0.07
EBITDA	$381M	$1.3B	$570M	$562M	$182M	$702M	$676M	$513M
Shares Outstanding	1.87B	1.90B	1.90B	1.81B	1.90B	2.00B	1.91B	2.00B

COGN3.SA SAO