Zenvia (ZENV) AI Stock Analysis

• Market Cap: $71.84M
• Dividend Yield: N/A
• Average Volume (3M): 90.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: 9.16%
• EPS Growth: 20.13%
• Country: US
• Employees: 1,076
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): N/A
• Shares Outstanding: 28,774,326
• 10 Day Avg. Volume: 35,944
• 30 Day Avg. Volume: 90,335
• PEG Ratio: -0.05
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.78
• P/FCF Ratio: 15.20
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 0.07
• Enterprise Value/Gross Profit: 0.33
• Enterprise Value/Ebitda: -2.22
• 1Y Price Target: $1.50
• Price Target Upside: 11.11% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: $1.50 ▲(11.11% Upside)

Zenvia's overall stock score is primarily influenced by its strong revenue growth and stable balance sheet, which are offset by significant profitability challenges and a negative valuation outlook. The technical indicators provide a mixed view, while the earnings call offers some optimism for future growth and profitability improvements.

Positive Factors

Revenue Growth

The 24% revenue growth driven by CPaaS indicates robust demand for Zenvia's services, supporting long-term business expansion and market penetration.

Leadership Change

The new CFO, with a strong background in technology investments, is expected to enhance Zenvia's strategic and financial operations, potentially improving its market position.

Cost Management

A significant reduction in G&A expenses demonstrates effective cost management, which can improve profitability and free up resources for growth initiatives.

Negative Factors

Profitability Challenges

The decline in gross profit and margin reflects ongoing profitability challenges, which could hinder financial performance and investor confidence if not addressed.

Competitive Environment

Intense competition in the CPaaS segment may limit pricing power and margin expansion, impacting long-term profitability and market share.

Cash Flow Decline

A decline in free cash flow growth indicates potential cash generation issues, which could constrain investment in growth opportunities and financial flexibility.

Zenvia Business Overview & Revenue Model

Company Description

Zenvia (ZENV) is a leading technology company specializing in customer communication solutions, primarily within the Latin American market. The company operates in sectors such as messaging, voice, email, and customer engagement, providing a comprehensive platform that enables businesses to connect with their customers through various channels. Zenvia's core products and services include messaging APIs, customer experience platforms, and tools for automating customer interactions, all aimed at enhancing the way businesses communicate and engage with their audiences.

How the Company Makes Money

Zenvia generates revenue through a multi-faceted business model that includes transaction-based fees for its messaging services, subscription fees for its customer engagement platform, and professional services for implementation and support. Key revenue streams come from businesses that utilize Zenvia's APIs to send SMS, WhatsApp messages, and other forms of communication, where the company charges per message sent or per user engaged. Additionally, Zenvia benefits from strategic partnerships with telecommunications companies and tech platforms, which enable it to expand its reach and enhance service offerings. The growth of digital communication and the increasing demand for customer engagement solutions in the region also contribute significantly to Zenvia's earnings.

Zenvia Financial Statement Overview

Summary

Zenvia shows strong revenue growth and a stable balance sheet with low leverage. However, persistent profitability issues and declining cash flow growth present significant challenges. The company needs to focus on improving its margins and cash flow generation to enhance its financial health.

Income Statement

Zenvia's revenue has shown consistent growth, with a 5.23% increase in the TTM period. However, the company is struggling with profitability, as indicated by negative net profit margins and EBIT margins. The gross profit margin has decreased over time, suggesting rising costs or pricing pressures. Overall, while revenue growth is a positive sign, the lack of profitability is a significant concern.

Balance Sheet

The company's debt-to-equity ratio is relatively low at 0.13, indicating conservative leverage. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is stable, suggesting a solid capital structure. While the balance sheet shows financial stability, the negative ROE highlights profitability challenges.

Cash Flow

Zenvia's cash flow from operations is positive, but there is a significant decline in free cash flow growth, down by 30.17% in the TTM period. The operating cash flow to net income ratio is low, indicating limited cash generation relative to earnings. The free cash flow to net income ratio is relatively high, suggesting efficient cash management despite profitability issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.10B	959.68M	807.58M	756.72M	612.32M	429.70M
Gross Profit	244.40M	294.77M	330.54M	288.91M	180.91M	103.83M
EBITDA	-36.48M	30.89M	72.24M	21.42M	-6.89M	3.37M
Net Income	-120.61M	-154.66M	-61.00M	-243.03M	-44.65M	-21.43M
Balance Sheet
Total Assets	1.67B	1.74B	1.71B	1.80B	1.84B	452.85M
Cash, Cash Equivalents and Short-Term Investments	32.61M	116.88M	63.74M	108.40M	582.23M	59.98M
Total Debt	96.30M	129.68M	90.60M	171.65M	212.40M	101.73M
Total Liabilities	930.11M	972.14M	822.62M	850.88M	640.65M	337.51M
Stockholders Equity	742.16M	771.41M	888.81M	953.34M	1.20B	115.35M
Cash Flow
Free Cash Flow	80.22M	49.28M	106.89M	58.76M	-116.67M	28.83M
Operating Cash Flow	84.86M	107.77M	162.55M	108.45M	-97.26M	46.14M
Investing Cash Flow	-39.46M	-62.62M	-53.90M	-349.78M	-351.05M	-61.59M
Financing Cash Flow	-104.15M	9.11M	-143.77M	-215.84M	935.03M	62.05M

Zenvia Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZENV, the sentiment is Negative. The current price of 1.35 is below the 20-day moving average (MA) of 1.38, below the 50-day MA of 1.40, and below the 200-day MA of 1.61, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 47.25 is Neutral, neither overbought nor oversold. The STOCH value of 57.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ZENV.

Zenvia Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
JG	―	$44.84M	―	-9.11%	―	18.99%	77.96%
ZENV	―	$71.84M	―	-14.38%	―	9.16%	20.13%
SNCR	―	$60.33M	―	-53.05%	―	-6.32%	6.80%
XBP	―	$69.45M	―	―	―	―	―
ATCH	―	$47.27M	―	―	―	―	―

Zenvia Corporate Events

Zenvia Appoints Piero Rosatelli as New CFO

On September 15, 2025, Zenvia Inc. announced the appointment of Piero Rosatelli as the new Chief Financial Officer and Investor Relations Officer, succeeding Shay Chor. Rosatelli, who has a strong background in technology investments and strategic planning, will bring his expertise to Zenvia, potentially strengthening its financial and strategic operations. This leadership change is expected to impact Zenvia’s market positioning positively, as Rosatelli’s experience aligns with the company’s growth and innovation goals.

Zenvia Reports Q2 2025 Growth in Customer Cloud Revenues

On September 10, 2025, Zenvia Inc. reported its financial results for Q2 2025, highlighting a 23% year-over-year increase in revenues from its Zenvia Customer Cloud services. Despite facing a volatile market environment and intense competition in the CPaaS sector, Zenvia remains optimistic about achieving a 25-30% growth for the full year 2025. The company is also implementing streamlining initiatives to improve profitability and expects a gradual recovery by year-end, setting a solid foundation for 2026.

Zenvia Inc. Reports Financial Losses for Mid-2025

Zenvia Inc. released its unaudited interim condensed consolidated financial statements for the period ending June 30, 2025. The company reported a decrease in total assets from December 2024 to June 2025, with a notable reduction in cash and cash equivalents. Despite an increase in revenue compared to the previous year, Zenvia faced a loss for the period, attributed to higher costs of services and financial expenses. The financial results highlight challenges in maintaining profitability, impacting the company’s market positioning and stakeholder confidence.

Zenvia Inc. Submits SEC Report for September 2025

On September 10, 2025, Zenvia Inc. submitted a report to the U.S. Securities and Exchange Commission, complying with the requirements of the Securities Exchange Act of 1934. This submission reflects Zenvia’s ongoing commitment to regulatory compliance, which is crucial for maintaining investor confidence and supporting its strategic objectives in the competitive technology sector.