Inter & Co, Inc.INTR

NasdaqFinanceCommercial Banks, NEC
Price (close)
$5.06
Market cap
—
P/E
—
Revenue (FY)
$6.4B
Net income
$907.1M
Dividend yield
2.23%
1-year total return
-43.0%
Net margin
14.2%
Revenue growth
34.7%
Debt / equity
—

What Inter & Co, Inc. does.

Our purpose is to create a world where interactions between people generate more value, through a simple and seamlessly integrated financial digital experience. We aim to bring the breadth of possibilities of the offline world to the palm of our client’s hands, with the convenience and scalability of our digital native financial SuperApp.

As we began our journey as a digital bank, we were attracted to a market that we believed was ripe for disruption given the lack of focus on what truly mattered: the client. Therefore, we positioned Inter at the intersection of technology and banking, leveraging what we believe is the best of both worlds: the agility and innovation of a fintech with the credibility, funding potential and expertise of a traditional bank.

Banking disruptors globally have begun their journeys starting from different edges of the addressable market, with convergence taking place subsequently. We believe this is the case in Latin America, where different players emerged to challenge incumbent financial institutions in a wide range of core competencies, including payments, secured loans, unsecured consumer credit and investments. In the case of Inter, our initial value proposition was our free digital bank account, seeking to democratize access to financial services.

Revenue and profit, by fiscal year.

Fiscal year201920202021202220232024
Revenue$712.2M$1.0B$2.2B$3.6B$4.8B$6.4B
Net income$27.7M$17.9M-$72.7M-$11.1M$302.3M$907.1M
Free cash flow$780.2M$3.0B$59.4M$2.1B$7.5B$3.7B

More on INTR.

Figures from Inter & Co, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.