Q1 2026 Ci&T Inc Earnings Call Transcript
Key Points
- CI&T Inc (CINT) achieved record revenue of $136.6 million in Q1 2026, representing a 23.2% year-over-year organic growth.
- The company reported an adjusted EBITDA of $20.8 million, reflecting a 15.2% margin, with an FX-neutral margin of 17.4%.
- CI&T Inc (CINT) has successfully integrated AI into its operations, with 20% of new sales based on new AI-driven pricing models.
- The company has maintained a high-quality cash conversion rate, with $13.5 million in operating cash flow, equivalent to 65% of adjusted EBITDA.
- CI&T Inc (CINT) has been recognized as a Great Place to Work for 19 consecutive years, with a Glassdoor score of 4.1, the highest among its peers.
- The company's margins were impacted by unfavorable foreign exchange comparisons and increased Brazilian payroll taxes.
- Despite strong revenue growth, the adjusted EBITDA margin was slightly below consensus expectations.
- There is a potential risk associated with the transition to new AI-driven pricing models, which may take up to 18 months to fully implement.
- The geopolitical uncertainty, such as the war in the Middle East, could potentially impact client decision-making and slow down growth in certain verticals.
- The company's gross margins compressed in the quarter, partly due to FX effects and the need to scale AI investments.
Good afternoon and thank you for joining us for CI&T First Quarter of 2026 Earnings Call. I am Eduardo Galvao, Director of Investor Relations. Joining me today to discuss our results and strategic milestones are Cesar Gon, our Founder and CEO; Bruno Guicardi, Founder and President for North America and Europe; and Stanley Rodrigues, our CFO. Before we begin, I would like to remind you that our remarks today will include forward-looking statements. These statements, including our business outlook, are based on the management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially.
We caution you not to place undue reliance on these forward-looking statements as they are valid only as of the date when made. Additionally, we'll discuss certain non-GAAP financial measures. We believe this provides a more comprehensive view of our underlying operational performance. For a full reconciliation of these measures to the most directly comparable GAAP metrics, please refer to the
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