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Buffett-Backed Nu Holdings Stock Drops After Worse-Than-Expected Q1 Results: Details
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Buffett-Backed Nu Holdings Stock Drops After Worse-Than-Expected Q1 Results: Details
May 26, 2025 7:15 AM

Nu Holdings Ltd. ( NU ) released its first-quarter results after Tuesday's closing bell. Here's a look at the details from the report. 

The Details: Nu Holdings ( NU ) reported earnings of 12 cents per share, which missed the consensus estimate of 13 cents. Quarterly revenue came in at $3.2 billion, which missed the Street estimate of $3.23 billion.

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For the first quarter, Nu Holdings ( NU ) reported:

4.3 million customers added in the first quarter, driving a 19% year-over-year increase of 19.3 million, reaching a total of 118.6 million customers globally by March 31, 2025.

Monthly Average Revenue per Active Customer (ARPAC) grew 5% sequentially and 17% year-over-year on an FX-neutral basis to $11.2 in Q1.

Monthly Average Cost to Serve Per Active Customer remained below the dollar level, at seven cents per customer, a 4% year-over-year reduction and a decline of 12% sequentially.

Net interest income increased 34% year-over-year and 5% sequentially, reaching a new all-time high of $1.8 billion.

“Starting 2025 strong, Nubank reached 118.6 million customers, adding over four million in a single quarter, showcasing its powerful platform scalability across Brazil, Mexico and Colombia. This growth is driven by deepening customer engagement: 98.7 million monthly active users and an activity rate exceeding 83%. Revenues surged 40% year-over-year (FXN) to $3.2 billion, driven by a 62% expansion in the interest-earning portfolio,” said David Vélez, CEO of Nubank.

Warren Buffett holds shares of Nu Holdings ( NU ) in Berkshire Hathaway, giving him exposure to the company.

NU Price Action: According to data from Benzinga Pro, Nu Holdings ( NU ) stock was down 5.71% at $12.39 after-hours on Tuesday.  

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