Afya
Connects Brazilian physicians to education, clinical content and practice solutions.
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Profile
Provides medical-school education, residency preparation, continuing education, clinical content and practice solutions in Brazil. Its acquisition-led model expands the medical-school footprint and depends on approvals for medical-school seats.
Combines undergraduate medical education with residency-test preparation, continuing medical education, clinical content and technology, and digital tools for medical practice. The end-to-end model follows physicians from medical school through practice at each career stage, anchored in a Brazilian network whose roots reach back to 1999.
Acquisitions are central to expanding the medical-school footprint, with recent additions including DelRey, Unidom and FUNIC. The business depends on approvals for medical-school seats and is exposed to regulatory, legal, data-protection and cybersecurity requirements. Unidom seat authorizations remained subject to a final court conclusion at year-end.
Company facts
Key statistics
Year to date −2.3% · Average volume (30d) 106.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Feb 24, 2026 | B of A Securities | Downgrade | Buy | Neutral | ||
| Feb 13, 2026 | Morgan Stanley | Downgrade | Equal Weight | Underweight | $17.50 | $16 |
| Jan 21, 2026 | BTG Pactual | Target | $17 | |||
| Jan 16, 2026 | UBS | Downgrade | Buy | Neutral | $18 | $16 |
| Jan 8, 2026 | UBS | Reiterate | Buy | $19 | $18 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | $0.39 | $0.45 | +15.7% | $189.6M | $187.4M | −1.2% | +3.21% |
| May 7, 2026Q1 FY26 | $0.53 | $0.56 | +5.7% | $202.7M | $192.7M | −5.0% | +0.14% |
| Mar 12, 2026Q4 FY25 | $0.38 | $0.41 | +7.9% | $167.6M | $166.3M | −0.8% | +1.93% |
| Nov 12, 2025Q3 FY25 | $0.32 | $0.38 | +18.8% | $174.5M | $174.0M | −0.3% | +1.38% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $179.9M | $176.6M | $178.4M | $178.1M | $190.9M | $191.0M | |
| Gross profit | $125.6M | $110.8M | $113.1M | $110.1M | $131.6M | $117.6M | |
| Operating income | $71.6M | $54.8M | $53.3M | $53.2M | $74.0M | $57.4M | |
| Net income | $48.4M | $33.1M | $29.8M | $33.7M | $48.5M | $38.7M | |
| Diluted EPS | $0.53 | $0.36 | $0.33 | $0.37 | $0.54 | $0.44 | |
| Gross margin | 69.8% | 62.7% | 63.4% | 61.8% | 68.9% | 61.6% | |
| Operating margin | 39.8% | 31.0% | 29.9% | 29.9% | 38.8% | 30.1% |
Fiscal years (4-quarter sums)FY21 $330.3M · FY22 $447.4M · FY23 $552.5M · FY24 $634.8M · FY25 $712.9M
Balance sheet, Jun 30, 2026Cash & short-term investments $193.1M · Total debt $598.1M · Total assets $1.79B · Shareholders' equity $937.7M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Mar 25, 2026 | Mar 25 | Apr 6 | $0.6565 | |
| Mar 26, 2025 | Mar 26 | Apr 4 | $0.2321 | special dividend |
Ownership
Shares outstanding 90.25M · Float 24.46M · 27.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Erste WV Gutersloh GmbH | 61.08M | 72.27% | 13D | Jun 16, 2026 |
| Nicolau Carvalho Esteves · director | 5.34M | 5.91% | Form 4 | Mar 23, 2026 |
| FMR LLC | 2.70M | 2.99% | 13F | May 15, 2026 |
| SoftBank Group Corp. | 2.43M | 2.70% | 13F | May 15, 2026 |
| Doma Perpetual Capital Management LLC | 2.29M | 2.53% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Lelio de Souza Junior | officer: Vice President | −36,204 | $15.00 |
| Jun 26, 2026 | Lelio de Souza Junior | officer: Vice President | −41,541 | $15.00 |
| Jun 26, 2026 | Gomiero Mirella Basolli | officer: Vice President | −10,000 | $14.80 |
| Apr 17, 2026 | Santos Welder Ferreira | officer: Controller | −3,325 | $15.90 |
| Apr 13, 2026 | De Sousa Anibal Jose Grifo | officer: VP Legal, Comp., & Gov Rel. | −14,000 | $15.41 |
Peers
Not reported.