XP Inc. XP NASDAQ

XP Inc. (XP) generated $-2.38B in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $56.74M, free cash flow was $-2.44B.

Free cash flow margin was -48.2% of revenue. Cash conversion ratio was -1.84x, suggesting some earnings are non-cash.

The company returned $494.52M in dividends and $852.29M in share buybacks to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (84/100, Pass) — $-2.44B (-48.2% margin) supports a durable competitive advantage
• INCOME (85/100) — Cash conversion ratio was -1.84x suggests some earnings are non-cash items

Overall SharesGrow Score: 77/100 with 6/7 criteria passed.