PicS N.V. Reports Transformational 2025 Financial Results

PicS N.V. reported on March 19 fourth-quarter results showing adjusted net income of R$188.2 million, revenue exceeding R$10 billion and 85% year-over-year growth, and said 2025 was transformational as PicPay completed its IPO and expanded into a full-service digital bank. On March 20 Mizuho lowered its price target to $23 from $30 but kept an Outperform rating, citing sector multiple compression; management highlighted diversification and an AI-driven platform.