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Growth Metrics

Nu Holdings (NU) Change in Intangibles (2020 - 2025)

Nu Holdings' quarterly Change in Intangibles came in at -$62.3 million in Q4 2025, up 30.88% year-on-year from -$47.6 million in Q4 2024, and up 49.2% quarter-over-quarter from -$122.7 million in Q3 2025.

Nu Holdings has reported Change in Intangibles for 6 years, with the latest figure at -$62.3 million in Q4 2025.

  • For the quarter ending Q4 2025, Change in Intangibles rose 30.88% year-over-year to -$62.3 million; the trailing twelve-month figure through Dec 2025 stood at -$333.6 million (down 70.05% YoY), and the FY2025 full-year result was -$333.6 million, down 96.7% from the prior year.
  • Change in Intangibles for Q4 2025 stood at -$62.3 million, up from -$122.7 million in the prior quarter.
  • The five-year high for Change in Intangibles was -$3.4 million in Q1 2021, with the low at -$122.7 million in Q3 2025.
  • Average Change in Intangibles over 5 years is -$47.4 million, with a median of -$43.4 million recorded in 2023.
  • Year-over-year, Change in Intangibles sank 1206.16% in 2022 and jumped 50.02% in 2024.
  • Tracing NU's Change in Intangibles over 5 years: stood at -$22.5 million in 2021, then plunged by 234.71% to -$75.2 million in 2022, then soared by 65.33% to -$26.1 million in 2023, then plunged by 245.88% to -$90.2 million in 2024, then jumped by 30.88% to -$62.3 million in 2025.
  • The last three Change in Intangibles figures came in at -$62.3 million (Q4 2025), -$122.7 million (Q3 2025), and -$68.4 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Intangibles (Qtr)
1 Bank Of Chile 90,891.20 Bn 90,891.20 Bn - -12,393.00
2 Bank Bradesco 6,807.69 Bn 6,791.75 Bn - -
3 Lloyds Banking 426.28 Bn 426.28 Bn - -
4 NatWest 184.56 Bn 184.56 Bn - -
5 First Capital 181.18 Bn 181.03 Bn - -
6 Landmark Bancorp 164.67 Bn 164.64 Bn - -
7 Deutsche Bank Aktiengesellschaft 161.63 Bn -151,939.28 Bn - -
8 KB Financial 150.02 Bn 142.15 Bn - -132,734.59
9 Pnc Financial Services 88.79 Bn 88.84 Bn - -
10 Nu Holdings 61.52 Mn -14.98 Bn 1.94 Bn -62.34 Mn

Historic Data

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DateValue
Dec 31, 2025 -62.34 Mn
Dec 31, 2025 -62.34 Mn
Sep 30, 2025 -122.71 Mn
Sep 30, 2025 -122.71 Mn
Jun 30, 2025 -68.38 Mn
Jun 30, 2025 -68.38 Mn
Mar 31, 2025 -80.12 Mn
Mar 31, 2025 -80.12 Mn
Dec 31, 2024 -90.20 Mn
Dec 31, 2024 -90.20 Mn
Sep 30, 2024 -35.77 Mn
Sep 30, 2024 -35.77 Mn
Jun 30, 2024 -43.61 Mn
Jun 30, 2024 -43.61 Mn
Mar 31, 2024 -26.57 Mn
Mar 31, 2024 -26.57 Mn
Dec 31, 2023 -26.08 Mn
Dec 31, 2023 -26.08 Mn
Sep 30, 2023 -43.43 Mn
Sep 30, 2023 -43.43 Mn
Jun 30, 2023 -87.26 Mn
Jun 30, 2023 -87.26 Mn
Mar 31, 2023 -41.92 Mn
Mar 31, 2023 -41.92 Mn
Sep 30, 2022 -75.22 Mn
Sep 30, 2022 -75.22 Mn
Jun 30, 2022 -45.61 Mn
Jun 30, 2022 -45.61 Mn
Mar 31, 2022 -10.06 Mn
Mar 31, 2022 -10.06 Mn
Dec 31, 2021 -22.47 Mn
Dec 31, 2021 -22.47 Mn
Sep 30, 2021 -12.58 Mn
Sep 30, 2021 -12.58 Mn
Jun 30, 2021 -3.49 Mn
Jun 30, 2021 -3.49 Mn
Mar 31, 2021 -3.42 Mn
Mar 31, 2021 -3.42 Mn
Dec 31, 2020 -4.90 Mn
Dec 31, 2020 -4.90 Mn