NVNIWNasdaqServices-Prepackaged SoftwareUS GAAP · USD

Nvni Group Ltd

Nvni Group Ltd is a Cayman Islands holding company with operating businesses centered on software and technology services, with substantially all of its operations conducted through Nuvini S.A. and acquired subsidiaries. The group combines a portfolio of B2B SaaS businesses with enterprise IT services delivered across the Americas, Europe, and Asia-Pacific, with principal executive offices in São Paulo, Brazil.

Revenue193m USD
+14.4 %y/y
Operating profit (EBIT)3.1m USD
+101.4 %y/y
EBIT margin1.6%
+134.6 ppy/y
Net income-86.2m USD
+66.2 %y/y
Free cash flow22.5m USD
+339.4 %y/y

Fiscal year 2024 · change from previous year

Development 2021–2024

-300-200-1000100200m USD2021: 90 m USD2021: EBIT -67 m USD20212022: 125 m USD2022: EBIT -97 m USD20222023: 169 m USD2023: EBIT -225 m USD20232024: 193 m USD2024: EBIT 3.1 m USD20241933.1
RevenueOperating profit (EBIT)

Business

Share of revenue
B2B SaaS55 %

Subscription software products sold to business customers across multiple countries.

Enterprise IT Services45 %

Consulting, implementation, and managed technology services for enterprise clients.

Customers

The customer base spans two main groups: SaaS customers that use Nuvini-branded software tools and enterprise clients that buy consulting and IT services. The reports describe a mix of more than 22,400 SaaS customers and 30+ blue-chip enterprise accounts, including large multinational companies. The business sells to organizations that want recurring software functionality, technology implementation support, or both through cross-selling.

B2B SaaS customers

Businesses using Nuvini’s software products for recurring operational needs and digital workflows.

Enterprise IT clients

Large corporate customers buying consulting, implementation, and service delivery.

Blue-chip multinational accounts

Fortune 500 and similar customers purchasing specialized enterprise technology services.

Latin American customers

Regional customers served through the group’s LATAM commercial footprint and cross-selling motion.

Strategy

The group’s strategy is to combine recurring software revenue with enterprise IT services to create a broader technology platform. Reported priorities include cross-selling SaaS into enterprise accounts, expanding enterprise services into new markets, and adding higher-value service lines such as data center automation. Acquisitions and integration of complementary software businesses remain central to widening customer reach and product depth.

Cross-selling across software and servicesShort term

It raises revenue density per customer by combining recurring software with enterprise delivery.

Geographic expansionMedium term

Broader regional coverage increases the addressable market and diversifies demand.

Service-line expansionMedium term

New service categories can deepen enterprise relationships and improve platform relevance.

Geography

The company is organized as a Cayman Islands holding company with principal executive offices in São Paulo, Brazil, and operations described across 15 countries. Its commercial footprint spans the Americas, Europe, and Asia-Pacific, which supports both local customer relationships and cross-border delivery. Geography matters because the group relies on multi-country software sales, enterprise service delivery, and foreign-currency operating exposure.

Risks

The business depends on successful integration of acquired companies and on maintaining service quality across a distributed, multi-country platform. It also faces typical software and IT services risks such as customer concentration, execution risk in enterprise delivery, foreign exchange exposure, and competition for both customers and technical talent. Because the model blends SaaS with services, revenue visibility and margin profile can be affected by contract timing, implementation cycles, and acquisition accounting.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Acquisition integration risk1Customer concentration2Foreign exchange volatility3Delivery and retention risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Acquisition integration riskImpact: HighLikelihood: High

    The platform depends on combining multiple acquired businesses under one operating structure.

    ExposurePost-acquisition executionSystemsCulture integration
  2. Customer concentrationImpact: HighLikelihood: Medium

    A meaningful share of enterprise services may depend on a limited number of large accounts.

    Exposure: Blue-chip enterprise clients and long-term relationships

  3. Foreign exchange volatilityImpact: MediumLikelihood: High

    Operations span several countries and currencies, affecting reported results and cash balances.

    ExposureBrazilNorth AmericaEuropeAsia-Pacific
  4. Delivery and retention riskImpact: MediumLikelihood: High

    Enterprise IT services require specialized personnel and reliable project execution.

    ExposureConsultingData center automationImplementation work

Accounting

Judgemental items
Deferred and contingent consideration

Acquisition liabilities are material and can change with payment terms or remeasurement assumptions.

Impact: Affects liabilities, finance expense, and equity

Goodwill and intangibles

The group grows through acquisitions, creating balance-sheet assets that may require impairment testing.

Impact: Can materially affect reported assets and earnings

Foreign currency translation

Operating entities in multiple countries create exchange-rate effects on consolidation.

Impact: Affects reported cash, assets, and comprehensive income

Publicly listed companies with a comparable business focus.

Last updated: 28/09/2026

Nvni Group Ltd (Nasdaq) – Services-Prepackaged Software | Financial Analysis – Clarifo