Enjoei (ENJU3) posted a net loss of R$ 12,318 thousand (R$ 12.3 million) in 3Q26, compared with a net loss of R$ 2,458 thousand in 3Q25. Consolidated net revenue totaled R$ 59.6 million, up 13.8% from 3Q25, and gross profit was R$ 30.2 million, an increase of 6.2%. Data from Elo7, a discontinued platform, was reclassified as discontinued operations.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was negative R$ 376 thousand, versus positive R$ 9.6 million in 3Q25. The company attributes the result to higher media investment and to absorbing corporate costs previously shared with Elo7. Non-recurring adjustments in the quarter totaled R$ 8.8 million and relate to the company's succession process. Adjusted net loss was R$ 3.3 million.
On the Enjoei platform, GMV (gross merchandise volume) hit a record R$ 413.3 million, up 27.4% from 3Q25. The net take rate (revenue as a share of GMV) was 15.8%, versus 17.7% in 3Q25, as the free listing mode, which is exempt from commission, gained traction. There were 2.1 million items transacted (+20.1%) and 6.2 million uploads (+30.8%). Active sellers totaled 1.331 million, up 6.0% from 2Q26 and down 16.5% in one year.
Consolidated gross margin was 50.7%, down 3.7 p.p. from 3Q25 due to higher freight costs, and up 0.9 p.p. from 2Q26. General and administrative expenses (ex-SOP) totaled R$ 27.9 million, up 113.7% year over year. Net financial result was R$ 4.8 million.
Enjoei ended the quarter with cash of R$ 155.3 million, after paying R$ 41.3 million in capital return to shareholders on July 6. Marcos Leite took over as CEO on September 9. In the nine-month cumulative period, net revenue was R$ 169.9 million (+19.3%) and net loss was R$ 67.5 million.
Is ENJU3 worth investing in?
- Price
- R$ 7.10
- as of 11/11/2026
- Dividend yield
- 28.40 %
- P/L
- N/A
- P/VPA
- 0.70
