Inter & Company Incorporation Class A (INTR) AI Stock Analysis

• Market Cap: $3.88B
• Dividend Yield: 0.97%
• Average Volume (3M): 3.27M
• Price to Earnings (P/E): 16.3
• Beta (1Y): 0.68
• Revenue Growth: 24.97%
• EPS Growth: 36.91%
• Country: US
• Employees: 4,030
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.16
• Shares Outstanding: 324,284,550
• 10 Day Avg. Volume: 2,423,789
• 30 Day Avg. Volume: 3,272,006
• PEG Ratio: 0.40
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 1.40
• P/FCF Ratio: 6.82
• Enterprise Value/Market Cap: 9.74
• Enterprise Value/Revenue: 2.59
• Enterprise Value/Gross Profit: 6.22
• Enterprise Value/Ebitda: 20.31
• 1Y Price Target: $12.00
• Price Target Upside: 28.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.8
• Revenue Forecast (FY): $2.04B

• Rating: 68 Neutral
• Price Target: $9.50 ▲(1.82% Upside)
• Action: Downgraded Date: 03/03/26
• Date: Action: Downgraded 03/03/26

The score is driven primarily by improving profitability and positive cash generation, but weighed down by the sharp step-up in leverage and the 2025 free-cash-flow decline. Technical signals are mixed/soft, while valuation is reasonable but not compelling. Earnings-call guidance and operating momentum are supportive, despite higher cost of risk and fee-growth headwinds.

Positive Factors

Large, scaling client base and high transaction volume

Rapid, sustained customer accumulation and high activation create durable scale advantages: larger transaction volumes drive fee/interchange revenue, deepen data for underwriting and cross‑sell, and raise switching costs. This structural network effect supports recurring revenue and multi-vertical monetization over time.

Earnings quality backed by strong cash generation

Free cash flow that closely tracks net income indicates earnings are largely cash-backed, improving financial flexibility for reinvestment, dividends, or capital buffers. Persistent positive FCF supports sustainable operations and strategic initiatives despite occasional volatility in any single quarter.

Strategic expansion and capital actions enabling growth

Approval of a U.S. banking license is a structural step enabling deposit taking, diversified funding, and cross-border product expansion; combined with prior capital issuance and rising funding, this strengthens capacity to scale internationally and diversify geographic revenue over the medium term.

Negative Factors

Elevated and rising leverage

A sharp step-up in leverage raises refinancing and funding risks, particularly in a higher-rate environment. Higher debt levels constrain flexibility for opportunistic investments or absorbing shocks, and can amplify earnings volatility if funding costs rise or asset yields compress.

Material decline in free cash flow

A near‑40% FCF drop year‑over‑year reduces dry powder for growth or capital returns and signals sensitivity to working capital, balance sheet moves, or investment cadence. Persistently lower FCF would constrain reinvestment and increase reliance on external funding.

Rising credit cost and slowing fee growth

A higher cost of risk and weaker fee growth undermine net interest and non‑interest income sustainability. Elevated provisioning pressures loan margins and returns, while slowing fee expansion limits high‑margin revenue, making profitability more sensitive to macro rates and credit cycles over the medium term.

Inter & Company Incorporation Class A Business Overview & Revenue Model

Company Description

Inter & Co, Inc., through its subsidiaries, engages in the banking, securities, insurance brokerage, marketplace, asset management, and services businesses. The company's Banking segment offers banking products and services, including checking accounts, cards, deposits, loans and advances, and other services. Its Securities segment provides services relating to the purchase, sale, and custody of securities; and portfolio management, as well as the establishment, organization, and management of investment funds. The company's Insurance Brokerage segment offers life, property, auto, financial, lost or stolen credit card, dental, warranties, travel, and credit protection insurance products. Its Marketplace segment operates a digital platform that offer goods and/or services to its customers. The company's Asset Management segment is involved in the operations related to the management of fund portfolios and other assets. Its Services segment provides services in the collection and management of personal information; development and licensing of customized and non-customized computer programs; and technical support, maintenance, and other information technology services. The company was founded in 1994 and is based in Belo Horizonte, Brazil.

How the Company Makes Money

Inter & Company generates revenue through multiple streams, primarily by selling proprietary products in its technology and consumer goods sectors. The company leverages its strong branding to command premium pricing on its offerings. Additionally, Inter & Company has established strategic partnerships with key players in the healthcare sector, allowing it to expand its product offerings and reach new markets. Licensing agreements and royalties from innovations further contribute to its income. The combination of these revenue streams, along with a focus on operational efficiency, positions Inter & Company for sustained financial growth.

Inter & Company Incorporation Class A Financial Statement Overview

Summary

Income statement strength (profitability improved and 2025 revenue up ~12% YoY) is tempered by balance-sheet risk: leverage rose sharply in 2025 with a significant increase in total debt. Cash flow remains positive (2025 FCF ~$3.0B and close to net income), but declined materially (~39% YoY), reducing flexibility.

Income Statement

Revenue has scaled materially over the last several years, with 2025 revenue up ~12% year-over-year, and profitability has improved sharply versus the 2021–2022 loss period. Margins are now solid and relatively steady for the recent years (2025 net margin ~8.8% vs. ~9.3% in 2024), with operating profit also healthy. Offsetting positives, the pace of revenue growth has decelerated meaningfully from the very high growth seen earlier in the cycle, and margins dipped modestly in 2025 versus 2024.

Balance Sheet

The company has grown its asset base and equity over time, which supports expansion and balance-sheet capacity. However, leverage appears elevated and has increased substantially in 2025 (total debt rising sharply versus 2024), which can raise funding/refinancing risk and reduce flexibility in a tougher credit or rate environment. Return on equity improved in 2023–2024 (about 10% in 2024), but 2025 return metrics are not available in the provided data, limiting visibility into the most recent profitability on equity.

Cash Flow

Cash generation is generally strong: 2025 operating cash flow (~$3.1B) and free cash flow (~$3.0B) remain positive, and free cash flow is close to net income in 2025 (about 0.97x), indicating earnings are largely backed by cash. The key weakness is volatility—free cash flow declined materially in 2025 (down ~39% year-over-year) after a very strong 2023, which suggests cash generation may be sensitive to working capital, balance-sheet movements, or investment cadence.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.62B	9.71B	7.64B	5.54B	2.77B
Gross Profit	6.20B	4.60B	3.21B	2.48B	1.63B
EBITDA	1.93B	1.41B	600.28M	-14.60M	-172.72M
Net Income	1.29B	907.13M	302.34M	-11.09M	-72.67M
Balance Sheet
Total Assets	98.56B	76.46B	60.35B	46.34B	36.63B
Cash, Cash Equivalents and Short-Term Investments	11.00B	27.76B	20.51B	15.55B	16.05B
Total Debt	29.63B	11.86B	9.33B	8.29B	4.71B
Total Liabilities	88.17B	67.39B	52.76B	39.25B	28.18B
Stockholders Equity	10.16B	8.90B	7.47B	6.99B	2.66B
Cash Flow
Free Cash Flow	3.00B	3.25B	7.27B	1.82B	-196.34M
Operating Cash Flow	3.11B	3.76B	7.54B	2.10B	91.64M
Investing Cash Flow	-14.47B	-7.73B	-4.67B	-50.81M	-7.18B
Financing Cash Flow	13.87B	683.04M	-38.68M	-1.22B	5.43B

Inter & Company Incorporation Class A Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTR, the sentiment is Neutral. The current price of 9.33 is above the 20-day moving average (MA) of 8.89, above the 50-day MA of 8.73, and above the 200-day MA of 8.18, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 47.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INTR.

Inter & Company Incorporation Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UCB	78 Outperform	$3.89B	12.28	9.23%	3.02%	5.63%	65.11%
TCBI	71 Outperform	$4.26B	14.18	9.44%	―	5.19%	3454.95%
INTR	68 Neutral	$3.88B	16.32	14.31%	0.97%	24.97%	36.91%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
TFSL	64 Neutral	$4.02B	43.92	4.68%	8.04%	4.45%	14.27%
AVAL	57 Neutral	$4.96B	11.30	9.69%	3.03%	-6.62%	111.94%
EBC	54 Neutral	$4.70B	45.49	2.22%	2.72%	-1.18%	-89.13%

Inter & Company Incorporation Class A Corporate Events

Inter & Co Approves Cash Dividend From 2025 Profits for Global and BDR Investors

Inter & Co, Inc. announced on February 11, 2026 that its board approved a cash dividend of USD 0.113101823 per common share, to be paid on March 5, 2026 to shareholders of record as of February 22, 2026. This distribution, drawn from 2025 profits, underscores the company’s profitability and commitment to shareholder returns.

Holders of the company’s Brazilian Depositary Receipts are estimated to receive BRL 0.594689388 per BDR, based on the February 10, 2026 PTAX exchange rate of BRL 5.2580 per U.S. dollar, with an expected payment on March 13, 2026. The final BRL amount and payment date to BDR investors will be confirmed after March 9, 2026, highlighting foreign-exchange and settlement timing factors for Brazilian stakeholders.

The most recent analyst rating on (INTR) stock is a Buy with a $10.50 price target. To see the full list of analyst forecasts on Inter & Company Incorporation Class A stock, see the INTR Stock Forecast page.

Inter & Co Reports Strong 2025 Growth in Profits, Loans and Funding

Inter & Co on February 11, 2026 filed consolidated financial statements for the years ended December 31, 2025 and 2024, detailing another year of rapid expansion in its digital banking and super‑app franchise. As of December 31, 2025, the group had surpassed 43.1 million customers with a 58% activation rate, while its loan book climbed 35.6% year‑on‑year to R$48.3 billion and total funding rose 31% to R$69.0 billion, underscoring stronger balance‑sheet depth.

For 2025, revenues increased 31.3% to R$8.4 billion and net profit attributable to controlling shareholders jumped 44.7% to R$1,312.4 million, outpacing a 21.6% rise in combined administrative and personnel expenses to R$3.3 billion. Total assets reached R$98.6 billion and shareholders’ equity grew 14.6% to R$10.4 billion at year‑end 2025, highlighting improved scale and capitalization as Inter & Co reinforces governance through its audit committee and independent auditor oversight.

The most recent analyst rating on (INTR) stock is a Buy with a $10.50 price target. To see the full list of analyst forecasts on Inter & Company Incorporation Class A stock, see the INTR Stock Forecast page.

Inter & Co Files 4Q25 Results as Growth and U.S. Bank License Mark New Phase

Inter & Co filed its December 2025 Form 6-K on February 11, 2026, furnishing its fourth-quarter and full-year 2025 earnings release and presentation, which detail the group’s operating and financial performance. The filing underscores continued strong digital growth, including 1.1 million new active clients in the quarter, a 36% year-on-year expansion of the loan portfolio, R$374 million in net income with 15.1% ROE, and a 45.5% efficiency ratio, alongside heavy app engagement and brand gains in Brazil.

The materials highlight that 2025 was a year of product innovation and user expansion, lifting Inter & Co’s position as one of Brazil’s fastest-growing banks and a top-ranked financial app with high customer satisfaction. The presentation also stresses strategic moves to support global expansion, culminating in U.S. bank license approval in January 2026, which positions the company to deepen its international offering and potentially broaden services for clients beyond Brazil.

The most recent analyst rating on (INTR) stock is a Buy with a $10.50 price target. To see the full list of analyst forecasts on Inter & Company Incorporation Class A stock, see the INTR Stock Forecast page.

Inter & Co Moves to End Sponsored Level II BDRs and Shift to Unsponsored Level I Program

On January 26, 2026, Inter & Co, Inc. announced that its board has decided to begin discontinuing its Sponsored Level II Brazilian Depositary Receipts (BDR) program and to transition to an Unsponsored Level I BDR structure, subject to approval by B3 and the CVM. As part of this process, the company also plans, after the discontinuation of the Sponsored Level II BDR program, to cancel its registration with the CVM as a category A foreign securities issuer in order to streamline its regulatory footprint and eliminate redundancies from being a public company in multiple jurisdictions. Under the proposed discontinuation plan, once launched and approved, holders of Inter’s Level II BDRs will have 30 days to choose among three options: receive Class A ordinary shares traded on Nasdaq (requiring an active custody account with a Nasdaq-authorized broker), sell the underlying Nasdaq-listed shares through a company-facilitated sales mechanism, or exchange their holdings into Unsponsored Level I BDRs on a one-for-one basis. The company emphasized that this move is aimed at improving efficiency and does not signal any reduction in its long-term commitment to Brazil or to Brazilian capital markets, while potentially altering the way Brazilian investors access its shares and shifting more trading and liquidity focus to the U.S. market and unsponsored BDR instruments.

The most recent analyst rating on (INTR) stock is a Buy with a $10.50 price target. To see the full list of analyst forecasts on Inter & Company Incorporation Class A stock, see the INTR Stock Forecast page.

Inter & Co Overhauls Senior Management Structure to Reflect Global Reporting Lines

On January 26, 2025, Inter & Co, Inc. announced that its Board of Directors approved changes to the company’s officer positions to align its management structure with the executives who now report directly to the Global Chief Executive Officer. The updated lineup confirms João Vitor N. Menin T. de Souza as Global CEO, with Santiago Horacio Stel as Chief Financial Officer, Alexandre Riccio de Oliveira as Brazil CEO, and Antônio Cássio Segura as US Country Manager, alongside appointments for chief information, legal and compliance, risk, commerce, and human resources officers. The company also reaffirmed that Rafaela de Oliveira Vitória remains Head of Investor Relations, reporting to the CFO and retaining her roles as Research Officer and Chief Economist at Banco Inter S.A., while Ray Chalub continues as US Operations Officer, signaling an effort to clarify governance, strengthen oversight across key geographies, and support the group’s cross-border growth strategy.

The most recent analyst rating on (INTR) stock is a Buy with a $10.50 price target. To see the full list of analyst forecasts on Inter & Company Incorporation Class A stock, see the INTR Stock Forecast page.

Inter & Co’s Banco Inter Raises R$500.4 Million via Subordinated Financial Bills to Bolster Capital

On December 18, 2025, Inter & Co announced that its subsidiary Banco Inter S.A. completed a private issuance of subordinated financial bills to professional investors in Brazil, totaling R$500.4 million. The transaction comprised perpetual Tier I notes and Tier II notes of R$250.2 million each, with an issuer repurchase option starting in 2030 subject to prior approval from the Central Bank of Brazil, and is structured so that, under Brazilian Central Bank regulations, the instruments qualify as additional capital for Banco Inter’s regulatory capital base, with an estimated 1.2 percentage-point uplift to its Basel ratio based on its September 30, 2025 capital levels, potentially enhancing the bank’s capacity for future growth and reinforcing its capital position.

The most recent analyst rating on (INTR) stock is a Buy with a $10.50 price target. To see the full list of analyst forecasts on Inter & Company Incorporation Class A stock, see the INTR Stock Forecast page.