CSU Digital (CSUD3) reported net income of R$ 21.2 million in the third quarter of 2026 (3Q26), down 11.0% from R$ 23.8 million in 3Q25. Net revenue totaled R$ 174.3 million, up 13.4% year over year, with a net margin of 12.2%. According to the company, net financial result was an expense of R$ 3.8 million, versus R$ 0.7 million in 3Q25, due to interest charges on loans and a R$ 3.2 million effect from the mark-to-market of the currency swap, which had no cash impact.
Gross profit reached R$ 74.1 million, up 19.8%, with a gross margin of 42.5% (40.2% in 3Q25). EBITDA (earnings before interest, taxes, depreciation and amortization) was R$ 47.4 million, up 1.9%, with a margin of 27.2% (30.2% in 3Q25). Adjusted EBITDA, which excludes R$ 10.2 million in investments in new growth fronts and severance expenses, totaled R$ 57.6 million, with a margin of 33.0%.
CSU Pays posted record net revenue of R$ 105.0 million (+9.7%), with 38.6 million registered accounts and cards and 375.8 million transactions processed (+29.7%). CSU DX recorded revenue of R$ 69.3 million (+19.5%) and signed two new contracts in the quarter. Selling, general and administrative expenses totaled R$ 44.3 million, up 29.9% from 3Q25.
The company declared R$ 17.1 million in JCP (Interest on Equity) in the quarter. Net interest-bearing debt (loans minus cash) was R$ 22.4 million as of September 30, 2026, or 0.13x EBITDA for the last 12 months. Net debt including leases totaled R$ 74.5 million (0.43x). Cash generated from operations was R$ 47.4 million, and R$ 23.3 million including the return of R$ 24.5 million in deposits from a banking-as-a-service client.
Is CSUD3 worth investing in?
- Price
- R$ 13.91
- as of 11/10/2026
- Dividend yield
- 18.66 %
- P/L
- 5.92
- P/VPA
- 1.18
