Nu Holdings reported a 56% year-over-year increase in Q1 net income. Total net income reached $871 million for the period. Successful upselling and increased customer monetization drove these results during rapid Latin American expansion.
Average revenue per active customer (ARPAC) grew 23% year-over-year. Monthly ARPAC reached $15.90 per customer. Analysts suggest the market underestimates the company's growth potential.
Shares currently trade at a price-to-earnings ratio of 11.8x. This valuation remains significantly lower than fintech peers. The company's credit portfolio and net interest income continue to expand rapidly.
Elevation Point Wealth Partners LLC recently executed a large purchase of Nu shares. This move signals increasing institutional interest in the stock.