Summary by Futu AI
Nu Holdings Ltd., operating under the ticker NU.US, has released its interim condensed consolidated financial statements as of September 30, 2024. The company, which offers a platform for trading crypto assets through its subsidiary Nu Crypto Ltda., has not recognized crypto assets held for customers on its balance sheet, despite holding a fair value of $256,380 in customer crypto assets as of September 30, 2024. The financial statements reveal a Capital Adequacy Ratio (CAR) of 15.8% for the prudential conglomerate in Brazil, with regulatory capital at $3,346,042. Nu Mexico Financiera reported a capital ratio of 18.3%, and Nu Colombia reported a ratio of 303.0%. The Group's revenue and non-current assets are primarily concentrated in Brazil, with additional operations in Mexico, Colombia, the Cayman Islands, Germany, and the United States. The Group's Chief Executive Officer reviews consolidated financial data, considering the entire Group as a single operating and reportable segment.