CI&T Inc. 2Q26 Financial Summary
Business Context and Reporting Period
CI&T Inc. (NYSE: CINT), a global AI deployment and tech-integrated business solutions provider, reported its unaudited financial results for the second quarter ended June 30, 2026. The company operates across 12 countries with a workforce of 8,152 employees, including 6,752 "AI-Builders."
Key Financial Metrics
| Metric | 2Q26 | 2Q25 | Change |
|---|---|---|---|
| Revenue | $142.8 million | $117.2 million | +21.9% |
| Organic Revenue Growth | 21.9% | 8.0% | +13.9 p.p. |
| Constant Currency Growth | 14.1% | 12.3% | +1.8 p.p. |
| Profit (Net Income) | $5.8 million | $9.7 million | -41.0% |
| Adjusted Profit | $8.7 million | $12.2 million | -29.2% |
| Adjusted EBITDA | $19.0 million | $21.5 million | -11.8% |
| Adjusted EBITDA Margin | 13.3% | 18.4% | -5.1 p.p. |
| Diluted EPS | $0.05 | $0.07 | -38.8% |
| Adjusted Diluted EPS | $0.07 | $0.09 | -26.6% |
| Cash from Operations (6M26) | $17.8 million | $33.6 million (6M25) | -47.0% |
| Cash and Equivalents (End of Period) | $53.4 million | $47.9 million (Dec 2025) | +11.6% |
| Total Debt (Loans & Borrowings) | $135.8 million | $122.6 million (Dec 2025) | +10.8% |
Material Changes vs. Prior Period
- Revenue Expansion: Revenue grew 21.9% year-over-year, marking the seventh consecutive quarter of double-digit organic growth. Growth was broad-based: Latin America (+32.1%), New Markets (+26.3%), and North America (+10.2%).
- Industry Performance: Technology and Telecommunications was the fastest-growing vertical (+67.8%), followed by Financial Services (+36.0%). Consumer Goods was the only vertical to decline (-8.6%).
- Profitability Compression: Net profit and Adjusted EBITDA declined year-over-year. The decline was primarily driven by the appreciation of the Brazilian Real against the U.S. dollar and targeted investments in sales and commercial expansion.
- Expense Growth: Selling, General, and Administrative (SG&A) expenses increased 45.7% due to investments in the "Agentic SDLC" initiative, structural expansion of the commercial organization, and higher amortization of the CI&T Flow AI management system.
- Cost of Services: Increased 23.8% due to unfavorable foreign exchange rates, the resumption of payroll taxes in Brazil, and additional billable headcount.
Guidance, Outlook, and Risks
- 3Q26 Guidance: Revenue expected to be at least $145.7 million (14.4% YoY growth; 12.3% at constant currency).
- Full Year 2026 Guidance: Management raised revenue guidance to a range of $565.5 million to $577.8 million, implying 15.5% to 18.0% organic growth. Adjusted EBITDA margin is estimated between 15.0% and 17.0%.
- Assumptions: Guidance assumes an average FX rate of 5.17 BRL/USD for 3Q26 and the full year.
- Management Commentary: CEO Cesar Gon highlighted the strength of the AI deployment opportunity and the company's strategy to scale revenue faster than headcount. The company views 2026 as a transition period to invest in capturing AI opportunities at scale.
- Risks: Forward-looking statements are subject to risks including global economic conditions, client demand, and execution of growth strategies. The filing notes that actual results may differ materially due to foreign currency fluctuations and other uncertainties.
Investor Verification Checklist
- FX Sensitivity: Verify the impact of the Brazilian Real appreciation on future margins, as the company operates significantly in Brazil but reports in USD.
- Investment ROI: Monitor the return on the 45.7% increase in SG&A expenses and the effectiveness of the new "Agentic SDLC" commercial models in expanding gross margins.
- Consumer Goods Sector: Investigate the 8.6% revenue decline in the Consumer Goods vertical to determine if it is a temporary anomaly or a structural shift.
- Debt Structure: Review the increase in total loans and borrowings to $135.8 million and ensure compliance with the Net Debt/EBITDA covenant (required <= 3.0X).
- Client Concentration: Note that the top client represents 11.2% of total revenue; assess the stability of this relationship.