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What this page is: Delvantic's full research page for PicS N.V. (PICS) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
/llms.txt ·
any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
PicS N.V.
PICS NASDAQ
Technology · Software - Infrastructure
São Paulo, SP 05317-020, Brazil
picpay.com
Price
$11.50
Market Cap
$1.4B
Employees
0
Beta
—
Avg Volume
271,745
CEO
Mr. Eduardo Chedid Simoes
PicS N.V. is a digital financial services company focused on providing app-based payments and banking solutions in Brazil. Operating from São Paulo, it centers its offering on a digital wallet that enables instant payments through Pix, peer-to-peer transfers between users, bill payments, and payroll portability. The company extends its platform with multipurpose cards, credit cards, personal and payroll loans, installment payments, and access to specific government-linked withdrawal programs, serving both individuals and businesses. For small and medium-sized enterprises, PicS N.V. offers payment acquiring services, business accounts, credit products, and tools that facilitate commerce and cash-flow management. Its broader ecosystem includes digital commerce, travel and entertainment services, gamified experiences, and in-app advertising solutions that connect brands with active users. Founded in 2012 and headquartered in Brazil, PicS N.V. plays a significant role in the country’s digital payments and transactional services market by integrating payments, credit, and everyday financial management within a single mobile-first platform.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 13 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jun 26, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+2.4%
Feb '26
+15.9%
Jun '26
+1.2%
Jun '26
+141.7%
Jun '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jun 26, 2026 | $-0.12 | $0.05 +141.7% | — | — |
| Jun 16, 2026 | $1.65 | $1.67 +1.2% | — | — |
| Jun 3, 2026 | $1.13 | $1.31 +15.9% | — | — |
| Feb 2, 2026 | $0.85 | $0.87 +2.4% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 12, 2026 | SCHEDULE 13G | View |
| Aug 10, 2026 | 6-K | View |
| Aug 3, 2026 | 6-K | View |
| Jul 23, 2026 | 6-K | View |
| Jun 23, 2026 | 6-K | View |
| Jun 12, 2026 | 4 | View |
| Jun 12, 2026 | 4 | View |
| Jun 10, 2026 | 4 | View |
| Jun 10, 2026 | 4 | View |
| Jun 8, 2026 | 4 | View |
| Jun 8, 2026 | 4 | View |
| Jun 8, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 13, 2026 3:01pm (just now)
Current data · timestamped when a report runs
$11.50
Change · Aug 13
+0.71 (+6.58%)
Day Range
$10.77 – $11.53
52-Week Range
$8.32 – $19.95
50-Day MA
$11.25
200-Day MA
—
Volume
11,039.00
Share Structure
Outstanding
129,587,543.00
Float
32,622,368.00
Free Float
25.2%
Low free float
— 25.2% of shares trade freely, ~74.8% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Why there are no quarterly figures for PicS N.V.
This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
6.63
Stock Price: $11.50
EPS (Diluted): 1.73
EPS (Diluted): 1.73
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
1.87
Stock Price: $11.50
Total Equity: $762.05M
Shares: 123,898,367
Total Equity: $762.05M
Shares: 123,898,367
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
—
Market Cap: $1.40B
Total Debt: $169.37M
Cash: $1.12B
EBITDA: N/A
Total Debt: $169.37M
Cash: $1.12B
EBITDA: N/A
EBITDA not available
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$538.3M
Market Cap: $1.40B
Total Debt: $169.37M
Cash: $1.12B
Total Debt: $169.37M
Cash: $1.12B
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
—
Gross Profit: N/A
Revenue: $1.24B
Revenue: $1.24B
Missing from API: Gross Profit
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
—
Operating Income: N/A
Revenue: $1.24B
Revenue: $1.24B
Missing from API: Operating Income
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
17.4%
Net Income: $214.77M
Revenue: $1.24B
Revenue: $1.24B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
28.2%
Net Income: $214.77M
Total Equity: $762.05M
Total Equity: $762.05M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
—
Operating Income: N/A
Tax Rate: -259.7%
Equity: $762.05M
Total Debt: $169.37M
Cash: $1.12B
Tax Rate: -259.7%
Equity: $762.05M
Total Debt: $169.37M
Cash: $1.12B
Missing from API: Operating Income
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
—
Current Assets: N/A
Current Liabilities: N/A
Current Liabilities: N/A
Missing from API: Current Assets, Current Liabilities
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.22
Short-Term Debt: $2.10M
Long-Term Debt: $167.27M
Total Debt: $169.37M
Total Equity: $762.05M
Long-Term Debt: $167.27M
Total Debt: $169.37M
Total Equity: $762.05M
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$9.98
Revenue: $1.24B
Shares: 123,898,367
Shares: 123,898,367
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$6.15
Total Equity: $762.05M
Shares: 123,898,367
Shares: 123,898,367
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$-5.94
Operating CF: -$735.79M
CapEx: $0.00
Shares: 123,898,367
CapEx: $0.00
Shares: 123,898,367
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
—
Last Dividend: $0.00
Stock Price: $11.50
Stock Price: $11.50
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $214.77M
Net Income: $214.77M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 9, 2026 1:00am (4d ago)| Metric | 2024 | 2025 |
|---|---|---|
| Revenue | $749.4M | $1.2B |
| Cost of Revenue | — | — |
| Gross Profit | — | — |
| Operating Expenses | $322.3M | $442.3M |
| Operating Income | — | — |
| Net Income | $42.8M | $214.8M |
| EBITDA | — | — |
| EPS | $0.33 | $1.73 |
| EPS (Diluted) | $0.33 | $1.73 |
Balance Sheet (Annual)
Last updated: Aug 9, 2026 1:00am (4d ago)| Metric | 2024 | 2025 |
|---|---|---|
| Cash & Equivalents | $547.1M | $1.1B |
| Total Current Assets | — | — |
| Total Assets | $5.4B | $8.3B |
| Current Liabilities | — | — |
| Long-Term Debt | $145.2M | $167.3M |
| Total Liabilities | $5.0B | $7.5B |
| Total Equity | $316.5M | $762.0M |
| Retained Earnings | $44.2M | $225.9M |
Cash Flow (Annual)
Last updated: Aug 9, 2026 1:00am (4d ago)| Metric | 2024 | 2025 |
|---|---|---|
| Operating Cash Flow | $1.7B | -$735.8M |
| Capital Expenditure | -$12.0M | — |
| Free Cash Flow | $336.2M | -$870.4M |
| Acquisitions (net) | -$357.1M | $0 |
| Net Debt Issued / (Repaid) | -$1.7M | -$1.6M |
| Dividends Paid | — | — |
| Stock Buybacks | — | — |
| Net Change in Cash | $1.4B | -$710.0M |
Growth Trends (YoY %)
Last updated: Aug 9, 2026 1:00am (4d ago)| Metric | 2025 |
|---|---|
| Revenue Growth | +65.0% |
| Gross Profit Growth | — |
| Operating Income Growth | — |
| Net Income Growth | +401.7% |
| EBITDA Growth | — |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-11 | Augusto Cazotto Andre | P-Purchase | 49,500.00 | $9.41 | $465,795 |
| 2026-06-10 | Batista Costa Jose Antonio | P-Purchase | 18,500.00 | $9.47 | $175,195 |
| 2026-06-09 | Batista Costa Jose Antonio | P-Purchase | 20,800.00 | $9.73 | $202,384 |
| 2026-06-08 | Batista Costa Jose Antonio | P-Purchase | 21,130.00 | $9.42 | $199,045 |
| 2026-06-05 | Batista Costa Jose Antonio | P-Purchase | 21,833.00 | $9.16 | $199,990 |
| 2026-06-05 | Pruett William Rodney | P-Purchase | 25,000.00 | $9.10 | $227,500 |
| 2026-06-04 | Batista Costa Jose Antonio | P-Purchase | 22,000.00 | $9.09 | $199,980 |
| 2026-03-31 | Augusto Cazotto Andre | P-Purchase | 1,700.00 | $10.69 | $18,173 |
| 2026-03-26 | Chedid Simoes Eduardo | P-Purchase | 87,505.00 | $11.52 | $1.0M |
| 2026-03-25 | Augusto Cazotto Andre | P-Purchase | 6,500.00 | $11.55 | $75,075 |
| 2026-03-23 | Pruett William Rodney | P-Purchase | 100,000.00 | $11.80 | $1.2M |
Industry Benchmarks
Compares PICS against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for PICS — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for PICS — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for PICS — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for PICS — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
No community reviews yet for PICS.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.530 · 761561a2 · 2026-08-12 19:06:35