Cogna Educação S.A.

Cogna Educação S.A.

COGN3.SA
Cogna Educação S.A.BR flagB3 S.A.
2.25
BRL
-0.06
- -
4.49BMarket Cap
Cogna Educação S.A.
COGN3.SA
(B3 S.A.)

Recent

price

2.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.04
3.89
0.68
1.71
2.55
2.96
2.94
3.11
3.38
3.54
2.59
2.32
2.42
2.82
3.39
3.84
3.85
Revenue per Share
-0.3
0.2
0.1
0.44
0.68
0.78
1.05
1.05
0.78
0.13
-2.85
-0.24
-0.26
-0.24
0.47
0.34
0.34
Basic EPS, GAAP
-0.84
-0.33
0.09
0.34
0.57
0.28
0.77
0.69
0.1
-0.14
-0.09
0.06
-0.16
0.11
0.24
0.42
0.5
Free Cash Flow per Basic Share
- -
- -
- -
0.13
0.43
0.15
0.32
0.39
0.36
0.11
- -
- -
- -
- -
- -
0.07
0.06
Dividend per Share
8.29
6.57
0.91
2.02
2.87
2.39
2.38
2.44
2.47
2.85
3.77
3.73
3.71
3.72
4.07
4.53
4.32
Book Value per Share
2.21
-3.29
-0.2
0.01
-0.33
0.28
1.41
2.19
-1.94
-2.61
-0.36
-0.88
-0.92
-1.1
-0.64
-0.67
-0.54
Tangible Book Value per Share
99
189
2,062
1,180
1,478
1,781
1,784
1,788
1,791
1,796
2,034
2,058
2,066
2,059
1,886
1,829
1,955
Basic Weighted Avg Shares
600
735
1,406
2,016
3,774
5,265
5,245
5,558
6,061
6,355
5,269
4,778
5,005
5,815
6,391
7,017
7,535
Sales/Revenue/Turnover
-4.83
5.58
17.29
27.72
27.58
28.4
29.6
30.03
20.57
13.7
-22.63
1.61
10.23
12.91
21.35
18.85
21.37
Operating Margin (%)
34
43
86
111
250
380
402
417
503
1,198
1,153
955
931
917
926
915
918
Depreciation Expense
-30
37
202
517
1,001
1,396
1,865
1,882
1,404
235
-5,806
-489
-529
-493
880
626
672
Net Income, GAAP
- -
12.43
3.15
3.18
1.5
4.67
3.03
1.99
- -
- -
- -
- -
- -
- -
- -
- -
5.75
Effective Tax Rate (%)
-4.94
5.09
14.37
25.62
26.51
26.52
35.55
33.87
23.16
3.7
-110.19
-10.24
-10.57
-8.48
13.77
8.91
8.92
Profit Margin (%)
67
-127
172
356
505
468
1,400
2,191
3,015
1,728
4,010
2,880
990
1,376
1,746
1,871
1,967
Working Capital
57
555
549
436
741
562
325
76
7,156
11,379
8,085
7,635
6,020
6,165
6,029
6,055
5,872
LT Debt
816
1,475
2,246
2,619
11,446
12,460
13,849
15,208
17,473
15,835
14,285
13,771
13,241
12,706
13,545
13,455
13,602
Total Equity
- -
2.4
9.61
17.94
13.09
11.05
10.81
10.85
- -
- -
- -
- -
- -
- -
- -
- -
7.43
Return on Invested Capital (%)
- -
3.94
12.63
21.68
27.33
29.61
41.28
40.64
- -
- -
- -
- -
- -
- -
- -
- -
10.13
Return on Capital (%)
-3.65
3.62
13
24.27
30.19
32.89
43.87
43.71
31.94
4.93
-90.86
-6.38
-6.9
-6.43
11.48
7.84
8.29
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
467
595
664
LT Borrowings
3,376
3,477
3,476
LT Finance Leases
2,536
2,578
2,396
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,996
1,996
1,996
Market Capitalization
6,525
6,173
6,178

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
4,324
4,702
4,982
Cash, Cash Equivalents & STI
1,277
1,283
1,205
Accounts Receivable, Net
2,078
2,462
2,788
Inventories
544
575
530
Total Current Liabilities
2,386
2,830
3,014
Payables & Accruals
- -
- -
- -
ST Debt
467
595
664
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.12%
-1.11%
-0.67%
Free Cash Flow
-71.84%
-105.29%
68.36%
Net Income, GAAP
-303.99%
-79.54%
-28.91%
Sales/Revenue/Turnover
3.37%
6.26%
9.8%
Total Cash Common Dividend
- -
- -
-38.74%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,517
1,432
1,282
2,161
6,391
2025
1,628
1,665
1,523
2,201
7,017
2026
2,146
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
-0.01
- -
0.47
2025
0.05
0.06
0.1
- -
0.34
2026
0.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.07
2026
0.06
- -
- -
- -
- -
Business
Cogna Educação S.A. operates as one of Brazil's largest private educational organizations, providing a comprehensive range of educational services from early childhood through higher education and professional training primarily in Brazil with international reach. The company conducts its activities through three main segments: Kroton, focused on in-class and distance-learning higher education including undergraduate and graduate courses under brands such as Anhanguera, Pitagoras, Unopar, Unic, Unime, and Fama; Vasta, offering basic education solutions, pre-university preparatory courses, language courses, teaching materials, school management advisory, and complementary educational tools including technology platforms for digital learning; and Saber, providing educational technology software for adaptive teaching, academic management optimization, student financing advisory, and licensing of pedagogic products. It also engages in editing, marketing, distribution, wholesale, retail, import, and export of textbooks, workbooks, magazines, and other educational publications; administration of kindergarten, elementary, high school, and vocational programs; and development of edtech solutions for technical education and governmental sales. Founded in 1966 and headquartered in Belo Horizonte, Minas Gerais, Brazil, the company serves over 1.2 million higher education students and targets schools, students, and institutions across primary, secondary, postsecondary, and lifelong learning segments. Recent developments include a June 2025 partnership with IFC receiving a $100 million BRL-linked loan to modernize Kroton's technology infrastructure, enhance undergraduate learning platforms, and expand hybrid and digital education access especially in underserved regions; strong Q3 2025 revenue growth of nearly 19% driven by double-digit expansions in higher education, basic education core segments, languages, and governmental solutions via Acerta Brasil; launch of new franchise units for Anglo brand reaching 14 units planned for 2026; and ongoing debt restructuring efforts with extension of tender offers into late 2025.