| Net operating revenue |
Note 17. Net operating revenue
The Group recognizes operating
revenue from its B2B SaaS platform where revenues are disaggregated as SaaS platform subscription services, and data analytics service,
set-up and other services. Revenues are recorded net of applicable municipal service taxes (ISS) and federal vat (PIS and COFINS) taxes,
as well as contract cancellations and returns.
Below is a summary of net
operating revenue for the six-month periods ended June 30, 2025, and 2024:
| | |
June 30,
2025 | | |
June 30,
2024 | |
| Gross operating revenue | |
| 105,600 | | |
| 98,582 | |
| Revenue deductions: | |
| | | |
| | |
| Cancellations and returns | |
| (1,148 | ) | |
| (828 | ) |
| Taxes on services | |
| (6,276 | ) | |
| (5,600 | ) |
| Total revenue deductions | |
| (7,424 | ) | |
| (6,428 | ) |
| Net operating revenue | |
| 98,176 | | |
| 92,154 | |
Disaggregation of net operating
revenue for the six-month periods ended June 30, 2025, and 2024, is as follows:
| | |
June 30,
2025 | | |
June 30,
2024 | |
| Platform subscription service | |
| 96,926 | | |
| 89,651 | |
| Cancellations, returns and taxes on services | |
| (6,679 | ) | |
| (5,735 | ) |
| Revenue from platform subscription service | |
| 90,247 | | |
| 83,916 | |
| Data analytics service | |
| 5,667 | | |
| 4,272 | |
| Cancellations, returns and taxes on services | |
| (586 | ) | |
| (488 | ) |
| Revenue from data analytics service | |
| 5,081 | | |
| 3,784 | |
| Set-up and service | |
| 2,433 | | |
| 4,146 | |
| Cancellations, returns and taxes on services | |
| (126 | ) | |
| (173 | ) |
| Revenue from set-up and service | |
| 2,307 | | |
| 3,973 | |
| Other revenue | |
| 574 | | |
| 510 | |
| Cancellations, returns and taxes on services | |
| (33 | ) | |
| (29 | ) |
| Other revenue | |
| 541 | | |
| 481 | |
| Total net operating revenue | |
| 98,176 | | |
| 92,154 | |
Contract assets and deferred revenue related
to contracts with customers
The Group has recognized
the following contract assets (included within trade accounts receivable) and deferred revenue related to contracts with customers.
The contract asset activity
as of June 30, 2025, and December 31, 2024, is as follows:
| At January 1, 2024 | |
| 4,862 | |
| Decrease from transfers to accounts receivable | |
| (4,798 | ) |
| Increase from changes based on work in progress | |
| 4,672 | |
| At December 31, 2024 | |
| 4,736 | |
| Decrease from transfers to accounts receivable | |
| (4,736 | ) |
| Increase from changes based on work in progress | |
| 1,282 | |
| At June 30, 2025 | |
| 1,282 | |
The deferred revenue activity
as of June 30, 2025, and December 31, 2024, is as follows:
| At January 1, 2024 | |
| 3,145 | |
| Increase in deferred revenue in the current year | |
| 24,095 | |
| Revenue recognized during the current year | |
| (23,501 | ) |
| At December 31, 2024 | |
| 3,739 | |
| Increase in deferred revenue in the current period | |
| 5,850 | |
| Revenue recognized during the current period | |
| (5,268 | ) |
| At June 30, 2025 | |
| 4,321 | |
|