Logotype for Vasta Platform Limited

Vasta Platform (VSTA) investor relations material

Vasta Platform Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Vasta Platform Limited
Q3 2025 earnings summary6 Nov, 2025

Executive summary

  • Net revenue for the 2025 sales cycle rose 13.6% year-over-year to BRL 1.737 billion, driven by strong ACV bookings and growth in both subscription and complementary solutions.

  • Subscription revenue grew 14.3% year-over-year to BRL 1.552 billion, with ACV bookings of BRL 1.552 billion.

  • Complementary solutions expanded 25.3% year-over-year, reinforcing ecosystem strength and diversified offerings.

  • Adjusted EBITDA increased 10% to BRL 494 million, with margin slightly down to 28.4% due to lower gross margin and higher expenses.

  • Free cash flow surged 117% to BRL 316 million, with FCF/EBITDA conversion improving to 64%.

Financial highlights

  • Adjusted net profit reached BRL 88 million, a 32.2% increase from the previous year.

  • Net debt decreased by BRL 177 million, with leverage ratio reduced to 1.75x EBITDA.

  • Gross margin declined by 1.4 percentage points to 62.8%, mainly due to sales mix and higher royalties.

  • Adjusted EBITDA for 3Q25 was BRL 31 million (12.6% margin), a 47.6% increase over 3Q24.

  • Finance income benefited from a BRL 207 million gain on tax contingency reversals; finance costs fell 8.9% year-over-year.

Outlook and guidance

  • Expecting mid double-digit revenue growth for 2026, with continued market share gains in premium learning systems.

  • Complementary products projected to maintain growth above 20% for 2026.

  • Eight new bilingual education units planned for launch in the upcoming year.

  • Early collections in 2025 contributed to higher free cash flow, expected to normalize next quarter.

  • Strong pipeline in B2G and Start-Anglo segments, with new contracts and school launches planned.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Vasta Platform earnings date

Logotype for Vasta Platform Limited
Q4 202519 Mar, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Vasta Platform earnings date

Logotype for Vasta Platform Limited
Q4 202519 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Vasta Platform Limited, offers digital solutions to private schools operating in the K-12 educational sector in Brazil. The company offers a content and edtech platform that provides customers with products tailored to their school's profile, such as digital learning platform, administrative software, professional development courses and transfer of credits. It also provides a recruitment management platform that allows schools to verify data provided by students prior to enrollment and to connect families with potential candidates. Through its digital platform, Vasta trains individuals hired by its customers under a 12-distance learning course on teaching methodology and pedagogical skills necessary for the required grade level. The company also serves as an operator for efficient generation of student reports for tracking academic performance of students at schools.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage