PICS TechnologyBeta data

PicS N.V.

$6.69-1.47%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Technology
Industry: Software - Infrastructure
Country: Brazil
Market cap: 1.4B USD
Enterprise value: 853.2M USD

Overall health

Strength: more profitable than most peersmore profitable than peers
Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.00 vs a peer median of 1.83) and more debt relative to equity (0.55× vs a peer median of 0.25×)higher risk: less liquidity (current ratio 1.00 vs peers 1.83) and more debt vs equity (0.55× vs peers 0.25×)

Ranks #170 of 1,612 technology companies (top 11%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
PicS reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Valuation signals disagree. Cheaper than 95% of peers on earnings, but only 0% on free cash flow.
Relative to its earnings, PicS looks cheaper than 95% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Fast revenue growth. Revenue grew 85% in the 12 months to December 2025 vs the 12 months before, faster than 95% of peers.
Revenue grew 85% in the 12 months to December 2025 vs the 12 months before, faster than 95% of its peers.

StockQuotient Score

72/ 100

Oct 5 72 → Nov 4 72

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

93/100

Strong

3/3 inputs reported · High confidence

Why

Stronger than most peers on:

▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield29.4%

Yahoo Finance · trailing 12 monthsOutlier capped at sector 5th/95th percentile30% base weight · Z-score 3.44Sector median: 0.0225 · MAD: 0.0225

EBITDA yield123.8%

Yahoo Finance · trailing 12 months · BRL→USD convertedOutlier capped at sector 5th/95th percentile50% base weight · Z-score 3.61Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield-16.9%

Yahoo Finance · trailing 12 months · BRL→USD converted · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

100/100

Strong

3/3 inputs reported · High confidence

Why

Stronger than most peers on:

▲ EPS growth
▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth424.7%

Yahoo Finance · fiscal year to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 9.19Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth52.7%

Yahoo Finance · 3 fiscal years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.42Sector median: 0.0483 · MAD: 0.0793

Revenue growth84.5%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.89Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

75/100

Moderate

3/3 inputs reported · High confidence

Why

Stronger than most peers on:

▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin0.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -0.84Sector median: 0.0631 · MAD: 0.0710

Return on assets-2.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -1.53Sector median: 0.0293 · MAD: 0.0362

Return on invested capital107.6%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 6.00Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin83.6%

Yahoo Finance · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equityUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

2/3 inputs reported · Partial data

Why

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

BetaUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.8710 · MAD: 0.3700

Current ratio1.00×

Yahoo FinanceReported value33% base weight · Z-score -1.21Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.55×

Yahoo FinanceReported value33% base weight · Z-score -1.31Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about PicS

Is PicS getting weaker?: Filing-by-filing changes are tracked only for companies that file with the US SEC. Its overall score is unchanged at 72/100 since Oct 28, 2026.
How is PicS valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 93/100 against 1,711 technology peers. Earnings yield 29.4% vs a peer median of 2.2% (stronger than 95% of peers).Earnings yield 29.4% vs peers 2.2% (stronger than 95% of peers). Free cash flow yield -16.9% vs a peer median of 2.7% (weaker than 100% of peers).Free cash flow yield -16.9% vs peers 2.7% (weaker than 100% of peers).
Is PicS growing?: Yes, faster than most of its peers. Growth scores 100/100 against 1,711 technology peers. Earnings per share growth 424.7% vs a peer median of 11.1% (stronger than 96% of peers).Earnings per share growth 424.7% vs peers 11.1% (stronger than 96% of peers).
How profitable is PicS?: More profitable than most of its peers. Profitability scores 75/100 against 1,711 technology peers. Return on invested capital 107.6% vs a peer median of 6.8% (stronger than 95% of peers).Return on invested capital 107.6% vs peers 6.8% (stronger than 95% of peers). Return on assets -2.6% vs a peer median of 2.9% (weaker than 84% of peers).Return on assets -2.6% vs peers 2.9% (weaker than 84% of peers).
How risky is PicS?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 1.00× vs a peer median of 1.83× (weaker than 89% of peers).Current ratio 1.00× vs peers 1.83× (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in BRL, as reported

Key ratios	FY 2023	FY 2024	FY 2025	Change
Operating margin	0.2%	0.6%	0.4%	▼ 0.3 pts
Net margin	-1.0%	-3.9%	-10.6%	▼ 6.7 pts
Return on assets (ROA)	—	-0.8%	-2.6%	▼ 1.8 pts
Return on equity (ROE)	-2.9%	-12.3%	-28.1%	▼ 16 pts
Free cash flow margin	45.2%	40.0%	-37.0%	▼ 77 pts
Interest coverage	0.00×	0.02×	0.01×	▼ 56%

PICS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.00 vs a peer median of 1.83) and more debt relative to equity (0.55× vs a peer median of 0.25×)higher risk: less liquidity (current ratio 1.00 vs peers 1.83) and more debt vs equity (0.55× vs peers 0.25×)

Ranks #170 of 1,612 technology companies (top 11%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

PicS reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Valuation signals disagree. Cheaper than 95% of peers on earnings, but only 0% on free cash flow.

Relative to its earnings, PicS looks cheaper than 95% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Fast revenue growth. Revenue grew 85% in the 12 months to December 2025 vs the 12 months before, faster than 95% of peers.

Revenue grew 85% in the 12 months to December 2025 vs the 12 months before, faster than 95% of its peers.

Questions investors ask about PicS

Is PicS getting weaker?

Filing-by-filing changes are tracked only for companies that file with the US SEC. Its overall score is unchanged at 72/100 since Oct 28, 2026.

How is PicS valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 93/100 against 1,711 technology peers. Earnings yield 29.4% vs a peer median of 2.2% (stronger than 95% of peers).Earnings yield 29.4% vs peers 2.2% (stronger than 95% of peers). Free cash flow yield -16.9% vs a peer median of 2.7% (weaker than 100% of peers).Free cash flow yield -16.9% vs peers 2.7% (weaker than 100% of peers).

Is PicS growing?

Yes, faster than most of its peers. Growth scores 100/100 against 1,711 technology peers. Earnings per share growth 424.7% vs a peer median of 11.1% (stronger than 96% of peers).Earnings per share growth 424.7% vs peers 11.1% (stronger than 96% of peers).

How profitable is PicS?

More profitable than most of its peers. Profitability scores 75/100 against 1,711 technology peers. Return on invested capital 107.6% vs a peer median of 6.8% (stronger than 95% of peers).Return on invested capital 107.6% vs peers 6.8% (stronger than 95% of peers). Return on assets -2.6% vs a peer median of 2.9% (weaker than 84% of peers).Return on assets -2.6% vs peers 2.9% (weaker than 84% of peers).

How risky is PicS?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 1.00× vs a peer median of 1.83× (weaker than 89% of peers).Current ratio 1.00× vs peers 1.83× (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Key ratios

FY 2023

FY 2024

FY 2025

Change

Operating margin

0.2%

0.6%

0.4%

▼ 0.3 pts

Net margin

-1.0%

-3.9%

-10.6%

▼ 6.7 pts

Return on assets (ROA)

—

-0.8%

-2.6%

▼ 1.8 pts

Return on equity (ROE)

-2.9%

-12.3%

-28.1%

▼ 16 pts

Free cash flow margin

45.2%

40.0%

-37.0%

▼ 77 pts

Interest coverage

0.00×

0.02×

0.01×

▼ 56%