Dotz (DOTZ3) Q1 2026 earnings summary

Executive summary

• Returned to consolidated profitability: net income was R$6.9 million versus a R$0.9 million loss, and EBITDA was R$31.8 million, up R$21.2 million YoY.

• TechFin-led growth lifted credit origination to R$155.0 million; FIDC 3 became the main funding vehicle, representing 95% of March origination.

• Priorities include profitable TechFin growth, Loyalty consolidation, operational efficiency, expense discipline and cross-sell across credit, loyalty and commerce.

Financial highlights

• Net revenue was R$90.2 million versus R$44.4 million in 1Q25; gross profit rose 80% YoY to R$62.8 million.

• EBITDA was R$31.8 million versus R$10.6 million in 1Q25, up R$21.2 million; net income was R$6.9 million versus a R$0.9 million loss.

• Operating income before financial result and taxes was R$25.3 million versus R$3.8 million; net financial expense was R$12.0 million versus R$2.4 million.

• SG&A was R$31.0 million, up 27% YoY; operating costs were R$27.4 million versus R$9.5 million, commercial expenses R$5.0 million versus R$4.9 million, and G&A R$32.6 million versus R$31.6 million.

• Cash and equivalents ended at R$26.9 million; operating cash flow was negative R$113.0 million, driven mainly by a R$143.0 million receivables outflow.

Outlook and guidance

• Strategy targets efficient, profitable TechFin growth and Loyalty consolidation, using ecosystem integration to deepen engagement and cross-sell; no numerical forward guidance was stated.

• Six Dotz Pay partner launches were scheduled for 2Q26, with expanded coverage and channels planned.

• Management expects disciplined spending and scalable credit funding to support sustainable growth.