Cogna Educação (OTC: COGNY)

$0.39-7.14%today

Brazilian ADR trading on the OTC, priced in US dollars.

Display currency

Market Cap, EPS and the financial totals below — switch between US dollars and BRL.

Market Cap: $809.98M
P/E (TTM): 5.6x
P/B: 0.3x
EPS (TTM): $0.07
Dividend Yield: 8.95%
52-Week Range: $0.35 – $0.89
Volume: 26K
Previous Close: $0.42

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

-7.14%

1 Week

-13.33%

1 Month

-7.14%

YTD

-32.76%

1 Year

-26.42%

5 Years

-29.09%

About Cogna Educação

US Ticker: COGNY
B3 Ticker: COGN3
Exchange: OTC
Currency: USD
Sector: Consumer Defensive
Industry: Education & Training Services
Headquarters: Belo Horizonte, MG, Brazil
Employees: 25,000
CEO: Mr. Roberto Afonso Valério Neto
Founded: 1966

Cogna Educação S.A. operates as an educational organization in Brazil and internationally.

It operates through three segments: Kroton, Vasta, and Saber.

The company provides in-person and distance learning for higher education and postgraduate courses; and editing, marketing, and distribution of textbooks, paradidactic books and handouts.

It also offers basic education, pre-university preparatory courses, and language courses; educational solutions for technical and higher education; and complementary activities, such as education technology development for services to complement management and training.

In addition, the company advises on and/or facilitates direct and indirect financing for students; and develops software for adaptive teaching and academic management optimization.

The company was incorporated in 1966 and is headquartered in Belo Horizonte, Brazil.

www.cogna.com.br

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Cogna Educação's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Strong

Net Margin: 8.9%
ROE: 4.9%
Rev Growth (YoY): +7.39%
Net Debt / EBITDA: 2.62×
Current Ratio: 1.65×
Interest Coverage: 1.75×
Free Cash Flow: 835.9M
Payout Ratio: —

Income — Margins & Efficiency

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022
Revenue	$1,451,078,994	+13.3%	$1,281,301,450	+23.9%	$1,034,428,042	-13.7%	$1,198,877,984	+26.6%	$947,052,379
Gross profit	$971,057,041	+10.2%	$881,458,676	+27.3%	$692,386,248	-9.4%	$764,006,845	+26.7%	$603,194,565
Operating income	$310,153,867	+28.4%	$241,524,963	+9.4%	$220,830,379	+42.7%	$154,801,039	+59.8%	$96,897,400
EBITDA	$479,263,596	+9.6%	$437,460,648	+5.9%	$413,265,997	+10.8%	$373,005,649	+22.5%	$304,557,393
Net profit	$129,382,414	+13.3%	$114,225,010	-19.8%	$142,422,344	+240.2%	-$101,620,346	-1.5%	-$100,088,938
Gross margin	66.9%	-1.9 p.p.	68.8%	+1.9 p.p.	66.9%	+3.2 p.p.	63.7%	+0.0 p.p.	63.7%
Operating margin	21.4%	+2.5 p.p.	18.8%	-2.5 p.p.	21.3%	+8.4 p.p.	12.9%	+2.7 p.p.	10.2%
EBITDA margin	33.0%	-1.1 p.p.	34.1%	-5.8 p.p.	40.0%	+8.8 p.p.	31.1%	-1.0 p.p.	32.2%
Net margin	8.9%	+0.0 p.p.	8.9%	-4.9 p.p.	13.8%	+22.2 p.p.	-8.5%	+2.1 p.p.	-10.6%
Revenue growth (YoY)	7.4%	-2.4 p.p.	9.8%	-0.1 p.p.	9.9%	-6.3 p.p.	16.2%	—	—
Effective tax rate	5.7%	+7.0 p.p.	-1.2%	+48.9 p.p.	-50.1%	+122.3 p.p.	-172.4%	-183.3 p.p.	10.9%
Interest coverage	1.75×	+6.4%	1.64×	-2.7%	1.69×	+101.2%	0.84×	+43.2%	0.59×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022
Net debt	$1,257,467,455	+4.8%	$1,199,987,583	+9.4%	$1,097,176,549	-25.6%	$1,474,395,489	-3.6%	$1,529,453,696
Net Debt / Equity	0.48×	-1.7%	0.49×	-10.7%	0.55×	-10.8%	0.61×	-7.6%	0.66×
Net Debt / EBITDA	2.62×	-4.4%	2.74×	+3.3%	2.65×	-32.8%	3.95×	-21.3%	5.02×
Debt / Equity	0.48×	-2.8%	0.49×	-10.9%	0.55×	-16.8%	0.67×	-1.1%	0.67×
Current ratio	1.65×	-0.5%	1.66×	+3.4%	1.61×	+16.8%	1.37×	+10.5%	1.24×
Return on equity (ROE)	4.9%	+0.3 p.p.	4.6%	-2.4 p.p.	7.1%	+11.3 p.p.	-4.2%	+0.1 p.p.	-4.3%
Return on assets (ROA)	2.8%	+0.2 p.p.	2.6%	-1.0 p.p.	3.6%	+5.6 p.p.	-2.0%	+0.0 p.p.	-2.0%
Book value / share	$1.31	+6.6%	$1.23	+24.5%	$0.99	-15.3%	$1.17	+4.5%	$1.12

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

This year (YTD) $0.00/share · yield 0.77%

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Cogna Educação trades on 2 exchanges. Prices on this page are the OTC ADR (COGNY).

Exchange	Ticker	Currency
OTCpriced here	COGNY	USD
B3 (São Paulo)	COGN3	BRL

Frequently Asked Questions

Why hold Cogna Educação COGNY ADR instead of local B3 COGN3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Cogna Educação listed?

Cogna Educação trades on 2 exchanges. The line quoted on this page is OTC in the United States (COGNY, US dollars). It also trades on B3 (São Paulo) in Brazil (COGN3, Brazilian reais).

On how many exchanges does Cogna Educação trade?

2. OTC — COGNY (USD) · B3 (São Paulo) — COGN3 (BRL). Prices shown on this page are the OTC line, COGNY.

What is Cogna Educação's primary listing?

Cogna Educação's primary listing is on the B3 in Brazil, where the shares trade as COGN3 in reais — the company's home market. The OTC line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between COGNY and COGN3?

They are the same company and, economically, the same asset. COGN3 is the original Brazilian share, listed on the B3 and quoted in reais. COGNY is an American Depositary Receipt over that share, listed on the OTC and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The COGNY price therefore tracks two things: COGN3 in reais, and the USD/BRL exchange rate.

How can I buy Cogna Educação stock in the United States?

Cogna Educação is listed on the OTC under COGNY, priced in US dollars. Any US brokerage offering over-the-counter securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: July 31, 2026

← All stocks & ETFs