Dotz (DOTZ3) posted a net loss of R$ 6.7 mn in 3Q26, R$ 3.4 mn worse than the 3Q25 result (net loss of R$ 3.3 mn). Gross profit for the quarter was R$ 46.0 mn, up 6% from a year earlier, and EBITDA (earnings before interest, taxes, depreciation and amortization) totaled R$ 12.1 mn, R$ 2.3 mn below 3Q25. Expenses (SG&A) were R$ 33.8 mn, up 17% year over year.
In the first nine months of 2026 (9M26), Dotz had net income of R$ 23.5 mn, versus a net loss of R$ 2.3 mn in 9M25, an improvement of R$ 25.8 mn. EBITDA reached R$ 92.7 mn, compared with R$ 40.7 mn in 9M25, an increase of R$ 52.0 mn. Gross profit was R$ 191.1 mn, up 56%, and SG&A totaled R$ 98.5 mn, up 20%, with R$ 6.6 mn related to the consolidation of the FIDCs (Credit Rights Investment Funds).
Credit origination was R$ 147.2 mn in 3Q26, 2% above 2Q26 and 2% below 3Q25. In 9M26, it totaled R$ 450.1 mn, 3% above 9M25, with 339 thousand contracts, up 34%. Since 2Q26, the company has reported origination as the acquisition of CCBs (Bank Credit Notes) by the FIDCs, which prevents comparison with prior data.
Dotz says the quarterly volatility in earnings is associated with the pace of origination and the cycle of building up PDD (allowance for doubtful accounts). FIDC 3 accounted for 99% of origination in 3Q26. In 1H26, the rapid growth of the portfolio in this vehicle raised revenues before the corresponding provision, which was recognized in the following months. According to the company, the mismatch tends to stabilize as the portfolio matures.
In July 2026, Dotz set up FIDC 4, with subordinated shares 100% held by it, and acquired the receivables portfolio of FIDC 1 for R$ 62.3 mn. The portfolio is in wind-down, with no new origination. At Dotz Pay, BNPL (buy now, pay later) accounts for 34% of the transacted volume, with 100 thousand consumers and 10 partners with active BNPL.
Is DOTZ3 worth investing in?
- Price
- R$ 7.00
- as of 11/11/2026
- Dividend yield
- 0.00 %
- P/L
- 3.23
- P/VPA
- N/A
