CI&T : Q1 2026 Earnings Release
CINT
Published on 05/11/2026 at 04:58 pm EDT
Revenue of US$136.6 million, a 23.2% increase compared to US$110.9 million in 1Q25.
Revenue growth at constant currency was 15.5% compared to 1Q25.
Profit increased by 1.6%, reaching US$7.6 million in 1Q26, compared to US$7.4 million in 1Q25.
Adjusted EBITDA increased by 6.3% to US$20.8 million in 1Q26 compared to US$19.6 million in 1Q25, with an Adjusted EBITDA margin of 15.2% in 1Q26.
Adjusted Profit increased 6.2% to US$10.2 million in 1Q26 compared to US$9.6 million in 1Q25. Adjusted Profit margin was 7.5% in 1Q26.
Diluted earnings per share (EPS) were US$0.06, a 6.9% increase from 1Q25.
Adjusted diluted EPS were US$0.08, up 11.8% compared to the same period last year.
CI&T ended 1Q26 with 8,015 employees, with an average of 6,600 AI-builders professionals, an 8.3% and 13.3% increase compared to 1Q25, respectively.
Cesar Gon, founder and CEO of CI&T, commented, "Our record start to 2026, marked by 23.2% organic growth in 1Q26, confirms that CI&T is successfully evolving into a global partner for tech-integrated business solutions. We continue to advance two distinct AI-driven growth vectors: AI deployment, which expands revenue through IP-based solutions and AI-adoption engagements, and AI monetization, which expands margins by evolving our pricing models to capture a greater share of the productivity gains and business value created by AI.
These two growth vectors are becoming increasingly visible in our results. 2025 was a very strong year for AI deployment, and this trend has only strengthened in 2026. At the same time, our AI monetization efforts are becoming more tangible: in 1Q26, 20% of new sales were already based on new pricing models. We expect these models to contribute to gross margin expansion over the coming quarters as adoption continues to accelerate. Together with a robust and accelerating sales pipeline, these dynamics give us the confidence to increase our full-year revenue guidance."
Revenue reached US$136.6 million in 1Q26, a 23.2% increase from US$110.9 million in 1Q25, or a 15.5% growth at constant currency, marking our sixth consecutive quarter of double-digit organic revenue growth. This performance was underpinned by AI deployment and broad-based demand, characterized by an 18.9% expansion within our top 10 accounts and double-digit growth across nearly all industry verticals, with the exception of a
stable Consumer Goods segment. Geographically, Latin America led the acceleration with 33% growth, complemented by 16% and 11% increases in North America and New Markets, respectively.
The cost of services provided was US$96.8 million in 1Q26, a 26.7% increase from 1Q25, primarily driven by unfavorable foreign exchange variation and higher employee expenses due to increased Brazilian payroll taxes.
Gross profit was US$39.8 million, a 15.4% increase compared to 1Q25. Adjusted gross profit reached US$41.8 million in 1Q26, up 13.8% from US$36.7 million in 1Q25. Adjusted gross profit margin was 30.6% in 1Q26.
Selling, general, and administrative (SG&A) and other operating expenses totaled US$25.6 million in 1Q26, a 26.2% increase compared to 1Q25. This increase was primarily driven by sales initiatives to foster revenue growth and amortization expenses, mainly associated with the investments in CI&T Flow, our AI management system.
Adjusted EBITDA reached US$20.8 million in 1Q26, a 6.3% increase from US$19.6 million in 1Q25. In 1Q26, the adjusted EBITDA margin was 15.2%.
Net finance costs totaled US$2.0 million in 1Q26, up 14.2% from 1Q25, primarily driven by lower income from financial investments, partially offset by lower interest expenses on loans and leases. Income tax expense was US$4.6 million in 1Q26, a 7.7% decrease from 1Q25. This decrease was primarily driven by tax benefits from Interest on Equity (JCP) in Brazil and the recognition of deferred tax assets in international operations.
Profit was US$7.6 million in 1Q26, up 1.6% from 1Q25. Adjusted profit was US$10.2 million, an increase of 6.2% compared to 1Q25, with an adjusted profit margin of 7.5%. In 1Q26, diluted EPS was US$0.06, a 6.9% increase from 1Q25. Adjusted diluted EPS were US$0.08, up 11.8% compared to the same period in the prior year.
We expect our revenue for the second quarter of 2026 to be at least US$140.0 million, representing a 19.5% increase compared to US$117.2 million in 2Q25. This reflects 13.9% year-over-year growth at constant currency.
For the full year of 2026, we are increasing our guidance. We expect our revenue to be in the range of US$555.8 million to US$575.3 million, implying organic revenue growth of 13.5% to 17.5% year over year. This expected growth includes a positive FX impact of around 350 basis points. In addition, we estimate our Adjusted EBITDA margin to be in the range of 17.0% to 19.0%.
These estimates assume an average FX rate of 5.11 BRL/USD in 2Q26 and 5.17 BRL/USD in 2026.
These expectations are forward-looking statements, and actual results may differ materially. See "Cautionary Statement on Forward-Looking Statements" below.
Cesar Gon (Founder and CEO), Bruno Guicardi (Founder and President for North America and Europe), Stanley
Rodrigues (CFO), and Eduardo Galvão (Director of Investor Relations) will host a video conference call to discuss the 1Q26 financial and operating results on May 11, at 4:30 PM Eastern Time / 5:30 PM BRT. The earnings call can be accessed on the Company's Investor Relations website at https://investors.ciandt.com or at the following link: https://youtube.com/live/wsdGmWOVQY4?feature=share.
CI&T (NYSE: CINT) is a global partner in tech-integrated business solutions for 100+ large enterprises and fast-growth clients. With a 30-year track record of helping clients navigate change, CI&T delivers accelerated business impact through deep expertise across AI, strategy, customer experience, software development, cloud services, data, and more. CI&T's proprietary AI management system, CI&T FLOW, boosts team productivity, ensuring fast, efficient, and scalable delivery of world-class solutions. The company operates globally, supported by over 8,000 professionals across 11 countries.
We regularly monitor certain financial and operating metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections, and make strategic decisions. These non-IFRS financial measures include Adjusted Gross Profit, Adjusted Gross Profit Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Profit, Adjusted Profit Margin, Revenue at Constant Currency, and Adjusted Diluted EPS. They should be considered in addition to results prepared in accordance with IFRS Accounting Standards, but not as substitutes for results under IFRS Accounting Standards. In addition, our calculation of these non-IFRS financial measures may differ from those used by other companies, and therefore, comparability may be limited. These non-IFRS financial measures are provided as additional information to enhance investors' understanding of our operations' historical and current financial performance.
CI&T is not providing a quantitative reconciliation of its forward-looking non-IFRS Revenue at Constant Currency and Adjusted EBITDA Margin to the most directly comparable IFRS measure because it cannot reasonably predict the outcome of certain significant items without unreasonable efforts. These items include, but are not limited to, share-based compensation expenses, the tax effect of non-IFRS measures, foreign currency exchange gains/losses, and other items. These items are uncertain, depend on various factors, and could have a material impact on our IFRS-reported results for the guidance period.
We calculate Revenue at Constant Currency by translating Revenue from entities reporting in foreign currencies into U.S. dollars using the foreign currency exchange rates from the prior period to show changes in our revenue without giving effect to period-to-period currency fluctuations.
In calculating Adjusted Gross Profit, Adjusted EBITDA, Adjusted Profit and Adjusted Diluted EPS we exclude cost components unrelated to the direct management of our services. For the periods presented, the adjustments applied to Adjusted Gross profit were: (i) depreciation and amortization related to the costs of services provided; and (ii) share-based compensation expenses.
We calculate Adjusted EBITDA for the periods presented as Profit, plus net finance costs, income tax expense, depreciation and amortization, and share-based compensation expenses.
For the periods presented, the adjustments on Adjusted Profit and Adjusted Diluted EPS were: (i) share-based compensation expenses; (ii) acquisition-related expenses: amortization of intangible assets from acquired companies; and (iii) the tax effects of non-IFRS adjustments.
This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact that may be deemed forward-looking statements include, but are not limited to: the statements under Business Outlook, including expectations relating to revenues and other financial or business metrics; statements regarding relationships with clients; and any other statements of expectations or beliefs. The words "believe", "will", "may", "may have", "would", "estimate", "continues", "anticipates", "intends", "plans", "expects", "budget", "scheduled", "forecasts" and similar words are intended to identify estimates and forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements represent our management's beliefs and assumptions only as of the date of this press release. You should read this press release with the understanding that our actual future results may be materially different from our expectations. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such statements in this press release, including risk related to global economic conditions, clients' demand, and our ability to execute our growth strategy and strategic plans. Additional information about these and other risks and uncertainties is contained in the Risk Factors section of CI&T's annual report on Form 20-F. Additional information will be made available in our Annual Reports on Form 20-F, and other filings and reports that we may file from time to time with the SEC. Except as required by law, we assume no obligation to and do not intend to update these forward-looking statements or to update the reasons why actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Unaudited condensed consolidated statement of profit or loss
(In thousands of U.S. dollars)
Quarter ended March 31,
2026
2025
Revenue
136,608
110,876
Costs of services provided
(96,848)
(76,410)
Gross profit
39,760
34,466
Selling expenses
(11,365)
(8,404)
General and administrative expenses
(15,907)
(12,424)
Impairment reversals on accounts receivable and contract assets
1,226
331
Other income, net
475
242
Operating expenses, net
(25,571)
(20,255)
Operating profit before net finance costs and income tax expense
14,189
14,211
Finance income
5,525
4,812
Finance costs
(7,517)
(6,556)
Net finance costs
(1,992)
(1,744)
Profit before income tax
12,197
12,467
Current
(352)
(1,311)
Deferred
(4,282)
(3,709)
Total income tax expense
(4,634)
(5,020)
Profit for the period
7,563
7,447
Earnings per share
Earnings per share - basic (in US$)
0.06
0.06
Earnings per share - diluted (in US$)
0.06
0.05
In thousand:
Weighted average number of basic shares
129,611
135,018
Weighted average number of diluted shares
130,396
137,204
Unaudited condensed consolidated statement of financial position
(In thousands of U.S. dollars)
Assets
March 31,
2026
December 31, 2025
Liabilities and equity
March 31,
2026
December 31, 2025
Cash and cash equivalents
48,116
47,864
Trade and other payables
6,492
5,192
Account receivable
86,724
97,288
Loans and borrowings
66,164
66,443
Contract assets
56,434
34,260
Lease liabilities
3,125
3,435
Recoverable taxes
3,034
2,103
Salaries and welfare charges
63,347
58,670
Current income tax assets
8,658
8,068
Accounts payable for business acquired
1,474
1,328
Derivatives
130
190
Derivatives
190
512
Other assets
6,827
6,358
Current income tax liabilities
840
760
Total current assets
209,923
196,131
Other taxes payable
3,732
3,266
Contract liability
4,889
4,021
Other liabilities
2,540
3,291
Recoverable taxes
818
895
Total current liabilities
152,793
146,918
Current income tax assets
4,366
3,959
Deferred tax assets
813
1,648
Judicial deposits
1,917
1,813
Loans and borrowings
54,709
56,185
Restricted cash
621
589
Deferred tax liabilities
31,169
26,427
Other assets
1,052
1,183
Lease liabilities
4,092
4,868
Property and equipment
7,675
7,354
Provisions for tax and labor risks
717
680
Intangible assets and goodwill
334,882
329,348
Accounts payable for business acquired
4,220
3,905
Right-of-use assets
6,787
7,578
Other liabilities
2,579
2,578
Total non-current assets
358,931
354,367
Total non-current liabilities
97,486
94,643
Equity
Share capital
7
7
Share premium
181,215
183,395
Treasury share reserve
(28,647)
(30,016)
Capital reserves
21,288
23,180
Retained earnings
146,091
138,528
Other comprehensive loss
(1,379)
(6,157)
Total equity
318,575
308,937
Total assets
568,854
550,498
Total equity and liabilities
568,854
550,498
Unaudited condensed consolidated statement of cash fiows
(In thousands of U.S. dollars)
March 31, 2026
March 31, 2025
Cash fiows from operating activities
Profit for the period
7,563
7,447
Adjustments for:
Depreciation and amortization
5,558
4,398
Loss (gain) on sale and write-off of non-financial assets
109
(4)
Interest and exchange rate changes
739
2,823
Unrealized loss on financial instruments
(278)
(823)
Income tax expenses
4,634
5,020
Impairment reversal on accounts receivable and contract assets
(1,226)
(331)
Share-based compensation
1,047
961
Other
-
4
Changes in operating assets and liabilities
Accounts receivable and contract assets
(6,634)
4,796
Recoverable taxes
(931)
(72)
Trade and other payables
840
(641)
Salaries and welfare charges
1,289
1,627
Contract liabilities
772
(4,655)
Other receivables and payables, net
64
(902)
Cash generated from operating activities
13,546
19,648
Income tax paid
(713)
(324)
Interest paid on loans and borrowings
(1,521)
(1,687)
Interest paid on lease
(220)
(170)
Income tax refund
17
121
Net cash from operating activities
11,109
17,588
Cash fiows from investing activities
Acquisition of property and equipment and intangible assets
(3,542)
(3,023)
Net cash used in investing activities
(3,542)
(3,023)
Cash fiows from financing activities
Exercised share-based compensation
249
575
Payment of lease liabilities
(1,260)
(1,137)
Proceeds (outflows) from settlement of derivatives
2
(71)
Payment of loans and borrowings
(4,471)
(3,172)
Repurchase of treasury shares
(3,330)
(7,324)
Net cash used in financing activities
(8,810)
(11,129)
Net increase (decrease) in cash and cash equivalents
(1,243)
3,436
Cash and cash equivalents as of January 1
47,864
56,621
Exchange variation effect on cash and cash equivalents
1,495
2,756
Cash and cash equivalents as of March 31
48,116
62,813
(In thousands of U.S. dollars)
Revenue by Industry
(in USD thousand)
1Q26
1Q25
Var.
1Q26 x 1Q25
Financial Services
51,185
37,246
37.4%
Retail and Industrial Goods
27,945
24,221
15.4%
Consumer Goods
22,841
22,869
-0.1%
Technology and Telecommunications
16,086
11,388
41.3%
Life Sciences
10,471
9,057
15.6%
Other
8,080
6,095
32.6%
Total
136,608
110,876
23.2%
Revenue by Geography
(in USD thousand)
1Q26
1Q25
Var.
1Q26 x 1Q25
Latin America
66,101
49,687
33.0%
North America
57,047
49,059
16.3%
New Markets
13,460
12,130
11.0%
Total
136,608
110,876
23.2%
Top Clients
1Q26
1Q25
Var.
1Q26 x 1Q25
Top Client
14,699
11,758
25.0%
Top 10 Clients
55,382
46,566
18.9%
Revenue Growth at Constant Currency
1Q26
Reported Revenue Growth
23.2%
Foreign Exchange Rates Impact
-7.7%
Revenue Growth at Constant Currency
15.5%
Adjusted Gross Profit
(in USD thousand)
1Q26
1Q25
Var.
1Q26 x 1Q25
Revenue
136,608
110,876
23.2%
Cost of Services Provided
(96,848)
(76,410)
26.7%
Gross Profit
39,760
34,466
15.4%
Adįustmєnts
Depreciation and amortization (cost of services provided)
1,546
1,502
2.9%
Share-based compensation
503
758
-33.6%
Adjusted Gross Profit
41,809
36,726
13.8%
Adjusted Gross Profit Margin
30.6%
33.1%
-2.5p.p
Adjusted EBITDA
(in USD thousand)
1Q26
1Q25
Var.
1Q26 x 1Q25
Profit for the period
7,563
7,447
1.6%
Adįustmєnts
Net finance cost
1,992
1,744
14.2%
Income tax expense
4,634
5,020
-7.7%
Depreciation and amortization
5,558
4,397
26.4%
Share-based compensation
1,047
961
8.9%
Adjusted EBITDA
20,794
19,570
6.3%
Adjusted EBITDA Margin
15.2%
17.6%
-2.4p.p
Adjusted Profit
(in USD thousand)
1Q26
1Q25
Var.
1Q26 x 1Q25
Profit for the period
7,563
7,447
1.6%
Adįustmєnts
Acquisition-related expenses (1)
2,102
2,006
4.8%
Share-based compensation
1,047
961
8.9%
Tax effects on non-IFRS adjustments
(503)
(804)
-37.4%
Adjusted Profit
10,209
9,611
6.2%
Adjusted Profit Margin
7.5%
8.7%
-1.2p.p
Adjusted Diluted EPS
(in USD)
1Q26
1Q25
Var.
1Q26 x 1Q25
Diluted EPS
0.06
0.05
6.9%
Adįustmєnts
Acquisition-related expenses (1)
0.02
0.01
10.3%
Share-based compensation
0.01
0.01
14.6%
Tax effects on non-IFRS adjustments (2)
-
(0.01)
-34.2%
Adjusted Diluted EPS
0.08
0.07
11.8%
(1) Adjusted Profit and Adjusted Diluted EPS include amortization of intangible assets from acquired companies totaling (US$2,102) thousand in 1Q26 and (US$2,006) thousand in 1Q25.
(2) The calculation of the tax effect on non-IFRS Accounting Standards adjustments considers the nature of the expense, whether it is deductible or not, as well as whether it is a temporary or permanent difference. We also evaluate the tax scenario of each entity, taking into account whether deferred income tax assets would be realizable. Then, we apply the corresponding tax rate for the entity.
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Disclaimer
Ci&T Inc. published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 11, 2026 at 20:51 UTC.