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olivLaw · US equity research

CI&T Inc CINT

Services-Computer Programming Services · SIC 7371 · Vertical: Services-Computer Programming Services (SIC 7371)

3.10USD0.00% · 1 dayClose 04 Nov 2026

CI&T Inc is a global partner in tech-integrated business solutions that combines strategy, technology and artificial intelligence into one operating model. For fiscal 2025 the company reported revenue of 489.65 million USD, up 11.5 percent on the prior year, as clients reshape their investment toward AI integration in processes.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, CI&T Inc (CINT) stock was 3.10 USD (+0.00% on the day), with market capitalisation 73.8 m USD, P/E 10.3 on diluted EPS of 0.30 USD over the last 12 months, dividend yield 0.00%, beta 0.98, 52-week range 2.89–5.54 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
73.8 m USD
shares as of 31 Dec 2025
P/E (TTM)
10.3
Diluted EPS TTM 0.30 · TTM to 31 Dec 2025
E/P (TTM)
9.68%
TTM to 31 Dec 2025
Dividend yield
0.00%
DPS 12m 0.00
Beta (2y)
0.98
Volatility (1y) 53%
52-week range
2.895.54

Price history

Loading chart…

Technical reading

RSI (14)
50.2
neutral
Bollinger (20, 2)
2.94 – 3.19
in the upper half of the band · %B 0.64 · band width 7.9%
SMA 50 / 200
3.15 / 3.94
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.02 / -0.03
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−2.5%−1.1%−1.4 pp—
3 months−12.9%−0.5%−12.5 pp—
6 months−24.2%+4.4%−28.6 pp—
Year to date−23.8%+12.3%−36.1 pp—
1 year−32.9%+13.5%−46.4 pp−42.9%
3 years−39.0%+76.4%−115.4 pp−43.1%
5 yearsunavailable+63.7%unavailable—
Max drawdown (1y)
−47.8%
17 Mar 2026 → 28 Sept 2026
Max drawdown (5y)
−85.5%
12 Nov 2021 → 28 Sept 2026
Compound annual growth (5y)
unavailable
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

ESEF annual reports carry no quarters: the results are annual (below).

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 0 percentile of its own 4-quarter history (min 13.6, median 27.6, max 46.4; quarters with earnings only).

Fiscal years

Fiscal year2019202020212022202320242025
Revenueunavailableunavailableunavailable424.1 m446.9 m439.0 m489.7 m
Revenue YoYunavailableunavailableunavailableunavailable+5.4%−1.8%+11.5%
Net incomeunavailableunavailableunavailable18.7 m26.4 m29.5 m40.6 m
Net income YoYunavailableunavailableunavailableunavailable+40.9%+11.9%+37.7%
Diluted EPSunavailableunavailableunavailable0.140.190.220.30
Diluted EPS YoYunavailableunavailableunavailableunavailable+35.7%+15.8%+36.4%
net %unavailableunavailableunavailable4.4%5.9%6.7%8.3%
Free cash flowunavailableunavailableunavailableunavailableunavailableunavailableunavailable

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
47.9 m USD
Financial debt
56.2 m USD
Net debt
8.3 m USD
Equity
308.9 m USD
Total assets
550.5 m USD
Debt / equity
0.18x
Current ratio
1.33x
ROE
13.8%
ROA
7.5%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
446.9 m
2024
439.0 m
2025
489.7 m

SEC (XBRL)· 11 Mar 2026verified

Cost of revenue
2023
297.7 m
2024
288.7 m
2025
333.1 m

SEC (XBRL)· 11 Mar 2026verified

Gross profit
2023
149.2 m
2024
150.2 m
2025
156.6 m

SEC (XBRL)· 11 Mar 2026verified

Research & development
2023
0
2024
—
2025
—

SEC (XBRL)· 28 Mar 2024verified

Operating income
2023
57.0 m
2024
55.6 m
2025
65.6 m

SEC (XBRL)· 11 Mar 2026verified

Depreciation & amortisation
2023
18.7 m
2024
16.9 m
2025
18.8 m

SEC (XBRL)· 11 Mar 2026verified

EBITDA
2023
75.6 m ≈
2024
72.5 m ≈
2025
84.4 m ≈

SEC (XBRL)· 11 Mar 2026derived

Interest expense
2023
30.4 m
2024
26.8 m
2025
26.1 m

SEC (XBRL)· 11 Mar 2026verified

Pre-tax income
2023
41.7 m
2024
43.8 m
2025
56.1 m

SEC (XBRL)· 11 Mar 2026verified

Income tax
2023
15.3 m
2024
14.3 m
2025
15.5 m

SEC (XBRL)· 11 Mar 2026verified

Net income
2023
26.4 m
2024
29.5 m
2025
40.6 m

SEC (XBRL)· 11 Mar 2026verified

Diluted EPS
2023
0.19
2024
0.22
2025
0.30

SEC (XBRL)· 11 Mar 2026verified

Weighted average diluted shares
2023
139.1 m
2024
137.1 m
2025
133.5 m

SEC (XBRL)· 11 Mar 2026verified

Dividend per share
2023
0.00
2024
—
2025
—

SEC (XBRL)· 28 Mar 2024derived

Balance sheet · USD

Cash
2023
43.7 m
2024
56.6 m
2025
47.9 m

SEC (XBRL)· 11 Mar 2026verified

Current assets
2023
188.4 m
2024
191.8 m
2025
196.1 m

SEC (XBRL)· 11 Mar 2026verified

Property, plant & equipment, net
2023
8.0 m
2024
5.9 m
2025
7.4 m

SEC (XBRL)· 11 Mar 2026verified

Goodwill
2023
1.4 bn
2024
—
2025
—

SEC (XBRL)· 28 Mar 2024verified

Intangibles (excl. goodwill)
2023
277.0 m
2024
—
2025
—

SEC (XBRL)· 28 Mar 2024verified

Total assets
2023
561.2 m
2024
526.4 m
2025
550.5 m

SEC (XBRL)· 11 Mar 2026verified

Accounts payable
2023
4.5 m
2024
4.8 m
2025
5.2 m

SEC (XBRL)· 11 Mar 2026verified

Long-term debt
2023
127.0 m
2024
92.5 m
2025
56.2 m

SEC (XBRL)· 11 Mar 2026verified

Current liabilities
2023
94.0 m
2024
125.0 m
2025
146.9 m

SEC (XBRL)· 11 Mar 2026verified

Total liabilities
2023
269.7 m
2024
—
2025
—

SEC (XBRL)· 28 Mar 2025verified

Equity
2023
291.5 m
2024
280.1 m
2025
308.9 m

SEC (XBRL)· 11 Mar 2026verified

Shares outstanding at year end
2023
21.4 m
2024
22.5 m
2025
23.8 m

SEC (XBRL)· 11 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
59.3 m
2024
69.0 m
2025
60.6 m

SEC (XBRL)· 11 Mar 2026verified

Investing cash flow
2023
13.3 m
2024
-9.9 m
2025
-14.8 m

SEC (XBRL)· 11 Mar 2026verified

Financing cash flow
2023
-67.3 m
2024
-36.0 m
2025
-61.1 m

SEC (XBRL)· 11 Mar 2026verified

Dividends paid
2023
0
2024
—
2025
—

SEC (XBRL)· 28 Mar 2024verified

Share repurchases
2023
8.9 m
2024
14.1 m
2025
35.5 m

SEC (XBRL)· 11 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
11.5%
computed by olivLawFY 2025
Revenue CAGR 3Y
4.9%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
18.0%
computed by olivLawFY 2025
Net income growth (YoY)
37.7%
computed by olivLawFY 2025
Net income CAGR 3Y
29.5%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
36.4%
computed by olivLawFY 2025
EPS CAGR 3Y
28.9%
computed by olivLawFY 2022 → FY 2025
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
32.0%
computed by olivLawFY 2025
EBITDA margin
17.2%
computed by olivLawFY 2025
EBIT margin
13.4%
computed by olivLawFY 2025
Net margin
8.3%
computed by olivLawFY 2025
FCF margin
unavailable
input data missing

Returns

ROE
13.8%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
7.5%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
15.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROCE
16.3%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
8.3 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
0.1x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Debt / equity
0.2x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
2.5x
computed by olivLawFY 2025

Liquidity

Current ratio
1.3x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.3x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
60.6 m USD
computed by olivLawFY 2025
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
71.7%
computed by olivLawFY 2025

Efficiency

Days sales outstanding
unavailable
input data missing
Days payables outstanding
5 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

Market and valuation

Market capitalisation
73.8 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
82.1 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Market cap / net income TTM
1.8x
computed by olivLawFY 2025
P/E (TTM)
10.3x
computed by olivLawFY 2025
Earnings yield
9.7%
computed by olivLawFY 2025
P/B
0.2x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
0.2x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
1.0x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBIT
1.3x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/Sales
0.2x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
0.0%
computed by olivLawFY 2025
Shareholder yield (distributions)
48.1%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

4 indicators that do not apply to the sector.

Valuation

olivLaw classification

Neutral profile

Score: 50 / 100

A scoring methodology on indicators and valuation, not investment advice.

Closing price

3.10 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 73.8 m USD

Key indicators

Market capitalisation
73.8 m USD
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
10.3x
computed by olivLawFY 2025
P/B
0.2x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
1.0x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROE
13.8%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
8.3%
computed by olivLawFY 2025
Revenue growth (YoY)
11.5%
computed by olivLawFY 2025
Dividend yield
0.0%
computed by olivLawFY 2025

Coverage and freshness

31/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: SEC (XBRL)published 11 Mar 2026
verified 130derived 3

Score by group

  • Balance sheet32
  • Growth36
  • Quality32
  • Returns100
  • Valuation92

Estimated value range

Low
10.08
USD per share
Mid
17.69
USD per share
High
27.25
USD per share
Price: 3.10 USD
The price is below the range
Potential to the central value: 470.6% (value / price − 1)
Margin of safety: 82.5% (1 − price / value)
Agreement between methods: same comparison basis (not independent confirmations) · 2 methods used · 1 independent bases

The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 9.76 – 30.56 USD.

Valuation assumptions are editorial choices, not measured; beta is not measured.

Method ranges (USD per share)

— — Mid · ▏ Price

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/Sales9.76 – 23.93 (Mid 16.28)
    8 companies used · median multiple 0.8x · quartiles 0.5x – 1.2x
    CTSH, DOX, EPAM, FORTY, MWC, RDNW, WIT, XTIA
  • Peers: EV/EBITDA10.39 – 30.56 (Mid 19.10)
    6 companies used · median multiple 5.5x · quartiles 3.0x – 8.7x
    CTSH, EPAM, IA, MWC, RDNW, WIT
Multiple comparisons use the SIC vertical: Services-Computer Programming Services (SIC 7371)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Neutral profile · Score 50/100

FactorValueScoreWeight used
Gross margin · Quality32.0%0 (on a fixed band)14%
EBIT margin · Quality13.4%71 (vs peers)11%
FCF margin · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth4.9%20 (on a fixed band)22%
Revenue growth (YoY) · Growth11.5%68 (vs peers)11%
Net debt / EBITDA · Balance sheet0.1x33 (vs peers)8%
Current ratio · Balance sheet1.3x31 (on a fixed band)8%
EV/Sales · Valuation0.2x92 (vs peers)22%
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returns48.1%100 (on a fixed band)5%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet32/100 · 2/2 factors with a value
  • Growth36/100 · 2/2 factors with a value
  • Quality32/100 · 2/3 factors with a value
  • Returns100/100 · 1/1 factors with a value
  • Valuation· partial92/100 · 1/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

CI&T Inc (CINT). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: revenue 489.6 m USD in 2025; YoY growth 11.5%; net margin 8.3%; ROE 13.8%; net debt/EBITDA 0.1x.

The estimated value range is 10.08–27.25 USD per share (median of 2 methods, agreement: same basis (multiples on one peer group, not independent confirmations)); assumptions are illustrative. Against the central value of 17.69 USD, the price of 3.10 USD leaves a potential of 470.6% (value / price − 1) and a margin of safety of 82.5% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.

olivLaw score 50/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: valuation. Not investment advice.

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • EBIT margin: 13.4%
  • EV/Sales: 0.2x
  • Shareholder yield (distributions): 48.1%
  • The price is below the estimated value range

What contradicts it

  • Gross margin: 32.0%
  • Revenue CAGR 3Y: 4.9%

Not assessed (insufficient data or a ratio without meaning): FCF margin, FCF yield.

Versus the vertical median

Services-Computer Programming Services (SIC 7371) · same industry (4-digit SIC) · compared with 32 companies

Multiples and returns vs the median

P/E
10.3x
vertical median 16.1x
below median (−35.8%)
EV/EBITDA
1.0x
vertical median 5.5x
below median (−82.3%)
P/S
0.2x
vertical median 2.6x
below median (−94.1%)
P/B
0.2x
vertical median 2.0x
below median (−88.1%)
ROE
13.8%
vertical median 3.7%
above median (+274.7%)
Net margin
8.3%
vertical median 2.8%
above median (+194.4%)
EBIT margin
13.4%
vertical median 3.7%
above median (+264.0%)
Revenue YoY
11.5%
vertical median 3.9%
above median (+199.8%)
Net debt/EBITDA
0.1x
vertical median -0.0x
above median
Dividend yield
0.0%
vertical median 3.2%
below median (−100.0%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
INFYInfosys Limited49.6 bn16.129.0%16.4%+3.9%−30% / −30%
ZSZscaler Inc36.6 bn—-2.9%-1.9%+25.4%−11% / +14%
CTSHCognizant Technology Solutions Corporation29.4 bn12.017.4%11.8%+7.0%−15% / −7%
VRSNVerisign Inc28.5 bn33.6—49.1%+6.4%+26% / +50%
WITWipro Limited22.7 bn15.416.4%14.7%−3.2%−21% / −11%
EPAMEpam Systems, Inc.7.1 bn18.611.2%7.2%+15.4%−27% / −47%
DOCSDoximity, Inc.6.2 bn40.917.2%25.5%+13.1%−33% / +49%
DOXAmdocs Limited4.9 bn10.314.1%9.9%+2.4%−43% / −48%
RGTIRigetti Computing, Inc.3.7 bn—-43.8%-1,787.4%−34.3%−56% / +958%
FORTYFormula Systems (1985) Ltd.1.8 bn23.412.2%2.9%+5.2%−20% / +96%
MGRTMega Fortune Co Ltd1.6 bn698.921.1%16.1%+233.3%+1,864% / unavailable
PERIPerion Network Ltd.446.8 m—-1.1%-1.8%−11.7%+12% / −59%
MFImF International Limited367.8 m36.43.9%232.8%+29.4%−68% / unavailable
IAInnovative Solutions And Support, Inc.353.7 m18.828.5%20.5%+78.6%+103% / +167%
GDEVGDEV Inc.176.1 m2.6—17.1%−3.9%−44% / −57%
ATGLAlpha Technology Group Ltd146.5 m—-184.7%-952.0%−40.2%−61% / −39%
MLGOMicroAlgo Inc.135.7 m1.27.6%30.2%−20.3%−61% / −100%
MWCMicware Co., Ltd.82.0 m8.120.0%7.3%unavailableunavailable / unavailable
PDCPerpetuals.com Ltd74.9 m—-75.8%-1,069.9%−47.0%−61% / −13%
CINTCI&T Inc73.8 m10.313.8%8.3%+11.5%−33% / −39%
CYCUCycurion, Inc.65.1 m—-76.7%-98.0%−14.8%−91% / unavailable
XTIAXti Aerospace, Inc.37.7 m——-89.6%+602.4%−40% / −100%
MNDOMind Cti Ltd18.3 m6.911.0%13.4%−9.3%−24% / −53%
CHGAChange Agents Corporation17.8 m—-606.9%-643.1%+6.2%−97% / −99%
RDNWRideNow Group, Inc.11.7 m——-0.8%−10.5%+7% / −9%

1- and 3-year price returns: for CINT from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
10.47
Total return 238% · Per year 238%
18.50
Total return 497% · Per year 497%
27.86
Total return 799% · Per year 799%
3 years
10.24
Total return 230% · Per year 49%
20.36
Total return 557% · Per year 87%
33.65
Total return 986% · Per year 121%
5 years
10.02
Total return 223% · Per year 26%
22.41
Total return 623% · Per year 49%
40.65
Total return 1,211% · Per year 67%
What moves the 3-year price the most
  • Exit P/E± 5.09
  • Net margin± 3.56
  • Annual revenue growth± 2.91
  • Annual dilution± 0.30

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 11 Mar 2026; since then the company filed 6-K (11 Aug 2026), 6-K (27 May 2026), 6-K (11 May 2026), 6-K (27 Apr 2026).

In brief

CI&T Inc is a global partner in tech-integrated business solutions that combines strategy, technology and artificial intelligence into one operating model. For fiscal 2025 the company reported revenue of 489.65 million USD, up 11.5 percent on the prior year, as clients reshape their investment toward AI integration in processes 1.

SWOT

Strengths

  • The company has a base of large clients with long relationships and a high declared net revenue retention rate, which gives it stability 1.
  • Its delivery model combines local, nearshore and distributed teams, and its presence in several countries lets it serve clients in multiple regions 1.
  • Its long experience and proprietary CI&T FLOW platform can support differentiation from competitors 1.

Weaknesses

  • Revenue is concentrated in its largest clients, and the loss of one of them would have a significant effect 1.
  • The business depends on a limited number of industry verticals, which leaves it exposed to lower demand in those sectors 1.
  • The company depends on attracting and retaining a large number of IT specialists, and staff turnover can raise costs 1.

Opportunities

  • Clients moving from digitalization to AI-based workflows could open new transformation projects 1.
  • Expansion in the United States and Europe, where it has hubs and clients, could grow the revenue base 1.
  • Generative AI solutions and the agentic development lifecycle could generate revenue from specialized services 1.

Threats

  • Geopolitical conflicts and trade tensions can reduce clients' technology budgets 1.
  • Changes in rules on artificial intelligence, data privacy and taxation could affect operations 1.
  • Cyberattacks and information system disruptions could damage reputation and client relationships 1.

Risks

  • Dependence on large clientshigh

    The ten largest clients produced 42.9 percent of revenue in 2025, and clients can terminate or reduce contracts with limited notice 1.

  • Staff turnover and personnel costshigh

    The company relies on scarce IT specialists, and higher turnover could raise operating costs and affect delivery 1.

  • Geopolitical instabilitymedium

    Conflicts and sanctions can delay client projects and complicate cross-border collection of payments 1.

  • Currency exposure and Brazilmedium

    Revenue and costs are spread across several currencies, and the stronger US dollar against the Brazilian real has affected results 1.

  • AI and data regulationmedium

    Changes in laws on artificial intelligence and data protection could reduce demand or increase the company's obligations 1.

Investment thesis

What would need to be true (bull case)

  • If demand for AI integration in client processes is sustained, the company could benefit from new projects and expanded existing contracts 1.
  • Long relationships with large clients and a high declared retention rate give the revenue base relative predictability 1.
  • Revenue and profit growth in 2025 could support investment in proprietary AI platforms if the trend holds 1.

What would break the thesis

  • Dependence on a small number of clients and a few sectors could make revenue volatile if a major contract is not renewed 1.
  • Personnel costs rise with headcount, and pressure in the talent market could compress margins 1.
  • Macroeconomic and geopolitical uncertainty could lead clients to delay technology spending, which would weigh on demand 1.

What to watch

  • Trend in revenue and the share held by the ten largest clientsQ1 2027
  • Headcount and personnel costs relative to revenue2027
  • Development of AI offerings, including CI&T FLOW and the agentic development lifecycle2027

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 11 Mar 2026; since then the company filed 6-K (11 Aug 2026), 6-K (27 May 2026), 6-K (11 May 2026), 6-K (27 Apr 2026).

The business

The company has expanded delivery through nearshore hubs in Europe, Canada, Australia and China, and its model combines onsite, nearshore and distributed teams 1. Through the CI&T FLOW platform, launched in July 2023, it seeks to turn AI capabilities into repeatable offerings 1.

Segments

Software engineering and platform delivery

This segment brings together the development, modernization and operation of digital platforms using agile and DevOps practices, alongside legacy modernization into cloud architectures 1. A significant portion of revenue comes from software development and maintenance 1.

Strategy, design and experience consulting

The company offers consulting on business strategy, customer experience and organizational transformation, including through its Box1824 unit 1. These services help set transformation priorities before implementation projects begin 1.

AI and data solutions

The segment includes data platforms, AI platform implementation, the Agentic Software Development Life Cycle and generative AI business solutions 1. The company describes these offerings as still being developed, with emphasis on governance and reuse 1.

Market context

Demand for technology transformation services remains high, and clients are moving from incremental digitalization to redesigning workflows with AI, which could support growth if demand is sustained 1. The market is nonetheless sensitive to macroeconomic uncertainty and geopolitical tension, which can delay projects 1.

Competition for technical talent is intense in the regions where the company operates, which can affect costs and productivity 1. The company expects these pressures to persist for the foreseeable future 1.

Trends

  • AI integration in client processestailwind

    Clients are moving from isolated projects to redesigning workflows with AI tools, which could increase demand for transformation services 1.

  • Geopolitical and macroeconomic uncertaintyheadwind

    Conflicts and trade tensions can lead clients to postpone or cancel technology projects, and visa limits can affect delivery 1.

  • Competition for technical talentheadwind

    The company notes that attracting and retaining IT specialists is essential and that market pressure could raise personnel costs 1.

  • Demand for automation and datamixed

    Application modernization, cloud migration and data analytics platforms are increasingly tied to artificial intelligence, opening opportunities for specialized services 1.

Competitive position

The company states that it faces intense competition across its offerings but the analyzed source does not name specific competitors, which makes a direct comparison of market shares difficult 1. Competition shows up mainly in pricing and in the ability to attract skilled staff 1.

  • Global IT services and consulting firms

    The analyzed source describes competition in general terms without naming specific firms, and notes that traditional IT outsourcing vendors often lack the know-how for rapid transformation 1.

  • Traditional IT outsourcing vendors

    The company notes that many traditional vendors lack the know-how and talent to implement transformational change at speed and scale 1.

  • Digital strategy consulting firms

    The source mentions competition in strategy and experience consulting without identifying individual firms 1.

  • Local software development companies

    Competition in the delivery regions, including Brazil and the United States, is cited in the risk factors as pricing pressure 1.

News & filings

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.