One year after Series E, Neon posts first-half profit. The result shows a change in trajectory for the fintech, after years of cash burn; net income in the half-year was R$ 43.2M. 05/10/2026 16:40 Neon closed the first half of 2026 in the black for the first time in its history. The fintech recorded net income of R$ 43.2 million, a result that shows a change in trajectory after years of strong expansion of the operation and cash burn. The result comes a little more than a year after Neon expanded its Series E, which totaled R$ 720 million. The net income represents an improvement of almost R$ 80 million in the company's result compared with the first half of 2025, when it had recorded a loss of R$ 35 million. The turnaround did not happen overnight. In 2025, the company had already reduced its loss by almost 90%, to R$ 43 million, and ended the fourth quarter in the black. "Discipline, efficiency and excellence in serving our more than 27 million customers brought us to this first profit, a milestone that a young company like Neon celebrates with pride. But entering a profitability cycle is only the beginning of a new phase, for which we have an ambitious plan. We will continue working with the same rigor to deliver even more impressive results," said Fernando Miranda, CEO of Neon, in a statement. Focus on profitability. According to the company, the strategy went through three stages. Between 2016 and 2020, the focus was on building infrastructure and acquiring the initial customer base. From 2020 to 2024, the company expanded its portfolio and transformed the app into a financial ecosystem, a period in which revenue per customer grew more than fivefold. Since 2025, the priority has been profitability, with a focus on the resilience of the credit portfolio, customer experience and operational efficiency. Neon says it continues hiring professionals mainly in the areas of credit, technology, data and artificial intelligence. The improvement in the last half-year's result comes on the heels of a consistent reduction in losses. In 2024, Neon recorded a loss of R$ 357 million. In 2025, the loss fell almost 90%, to R$ 43 million, and the company ended that year's fourth quarter in the black. With the first-half profit, this makes three consecutive quarters of positive results. In the first half, financial intermediation revenues totaled R$ 2.1 billion, up 23.9% year over year. The financial intermediation result, after provisions, reached R$ 525.4 million, growth of 28.5% and the company's highest half-year level. Revenue growth came with greater spending control. Personnel, administrative and service expenses grew 2.1% in the period. As a result, the efficiency ratio, which measures the relationship between expenses and revenues, fell from 36% in the first half of 2025 to 31% now. Two years ago, the indicator was at 55%. Neon says this improvement occurred without interrupting investments. About R$ 200 million were allocated in the half-year to customer acquisition, development of proprietary technologies and use of data. In credit, the gross portfolio reached R$ 8.7 billion, growth of 10.6% since December and 23.6% in 12 months. The composition also changed: private payroll lending advanced 18% in the half-year, while the card portfolio advanced 10%. The change in mix is part of the company's strategy to reduce portfolio risk. Revenues from credit operations totaled R$ 1.6 billion, up 26.7%. Expenses with provisions for expected losses grew 12.6%, to R$ 808.8 million. Neon also diversified its funding sources. The CDB base remained stable at R$ 6.5 billion, while the company completed a securitization of its private payroll loan portfolio through debentures, in an operation of about R$ 700 million announced in February. For Jamil Marques, Neon's CFO and COO, the profit opens space for a new expansion phase. "We are growing profitably and sustainably, strengthening the resilience of the business regardless of the macroeconomic scenario," he said. "Now, with profitability and a solid capital base, we have even more capacity to strengthen the business and evolve our offering to customers." Startups is part of the routine of more than 30,000 decision-makers. Are you going to miss out?

Neon is experiencing a "special moment" as it repositions to accelerate growth, following a strong performance in 2025 and a R$720 million funding round in July. The fintech reported a record R$1.7 billion in financial intermediation revenue in H1 2025, a 38% increase from the previous semester. Losses dropped 87% to R$35 million compared to the previous year, with two consecutive profitable semesters, including a R$9.3 million net profit in H1 2025. Credit portfolio growth of 19% boosted profitability.