Dotz (DOTZ3) Q3 2026 earnings summary

Executive summary

• 9M26 EBITDA reached R$92.7 million, up 128% YoY; gross profit rose 56% to R$191.1 million, and net income was R$23.5 million versus a R$2.3 million loss in 9M25.

• 3Q26 net loss of R$6.7 million reflected the expected timing gap between FIDC 3 origination revenue and subsequent credit-loss provisions.

Financial highlights

• 3Q26 gross profit was R$46.0 million, up 6% YoY; EBITDA was R$12.1 million, down R$2.3 million YoY, and net loss was R$6.7 million.

• 9M26 gross profit was R$191.1 million, up 56% YoY; EBITDA was R$92.7 million, up R$52.0 million, and net income was R$23.5 million.

• SG&A was R$33.8 million in 3Q26, up 17% YoY; 9M26 SG&A was R$98.5 million, up 20%, including R$6.6 million from FIDC consolidation.

Outlook and guidance

• Priorities include refining credit models, expanding retail partnerships, embedding contextual credit and points liquidity at checkout, and maintaining rigorous risk management.

• Management expects the FIDC 3 revenue/provision timing mismatch to normalize as the portfolio matures, with margins stabilizing over time.