Added to YB: 2026-05-19
Pitch date: 2026-05-15
NU [neutral]
Nu Holdings Ltd.
-0.89%
current return
Author Info
No bio for this author
Company Info
Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.
Market Cap
$59.3B
Pitch Price
$12.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
18.81
EV/Sales
N/A
Sector
Banks
Category
growth
Nu Holdings 1Q26: The Decision Engine Meets the Credit Cycle
NU (earning): Rev $5.3B (+56% YoY), ARPAC $15.9 (+37%), 135M customers. Mexico hit break-even w/ 15M customers. BUT 15-90 NPL rose to 5.0% (from 4.1% Q4), RA-NIM fell to 9.5% (from 10.5%). Mgmt cites seasonal factors; 90+ NPL improved to 6.5%. Re-rating requires proof AI underwriting narrows credit tail vs just expanding book faster. Stock flat YoY despite strong ops; market pricing credit risk not platform multiple. Watch Q2 NPL <4.7%, RA-NIM >10% for thesis validation.
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