Desktop (DESK3) posted adjusted net income of R$ 57 mn in 3Q26 (R$ 57.2 mn to be exact), up 62% from 3Q25. The improvement came from lower financial expenses and better management of operating costs and expenses, partially offset by higher depreciation and amortization. Accounting net income was R$ 38.5 mn, versus R$ 17.3 mn in 3Q25.
Net revenue totaled R$ 329.3 mn, growth of 6% over 3Q25. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization, excluding non-recurring items) reached R$ 181.3 mn, up 11%, with a margin of 55%, 2 p.p. above 3Q25. The result was helped by a leaner staffing structure, lower advertising spending and an indemnity of R$ 7.0 mn for the discontinuation of a network project. Weighing on results were R$ 9.7 mn in long-term incentive plans, higher commissions to partners and more provisions for contingencies.
Adjusted FCO (operating cash flow) totaled R$ 201 mn, up 23%. Adjusted CAPEX (investments) fell 18% to R$ 70 mn, or 21% of net revenue, the lowest level since the IPO. The sum of adjusted FCO and CAPEX reached R$ 131 mn, 67% above the R$ 78 mn in 3Q25. Net debt stood at R$ 1.53 bn (R$ 1,534.4 mn), and leverage was 2.12x annualized pro forma EBITDA, 0.23x below 3Q25. Total cash was R$ 362 mn as of September 30, 2026.
During the quarter, Desktop bought the remaining 30% of Fasternet (Cilnet) for R$ 98 mn and now holds 100% of its capital. An arbitration proceeding reduced amounts payable for acquisitions. On October 1, 2026, the sale of control of the company to Claro NXT Telecomunicações S.A. was completed, and it now holds about 72.83% of the share capital.
The base reached 1,196 thousand connected homes, down 0.2% in one year. The average ticket rose 6.6% to R$ 106, and digital channels accounted for 71% of sales.
Is DESK3 worth investing in?
- Price
- R$ 19.32
- as of 11/10/2026
- Dividend yield
- 0.96 %
- P/L
- 40.19
- P/VPA
- 1.57
