It sold 22,857,143 Class A shares and raised about $434 million in the base offering. PicPay went from a loss of R$1.9 billion ($352 million) in 2021 to net income of R$252 million ($47 million) in 2024. In the first nine months of 2025, it reported profit of R$313.8 million ($58 million). It also reported more than 66 million customers, with 42 million active in the third quarter of 2025. Another snapshot cited R$26.7 billion ($4.9 billion) in deposits and R$392 billion ($73 billion) in payment volume in the first nine months of 2025.