Totvs Q2 Profit Up 17.4% to US$47m on AI Launch
Totvs (B3: TOTS3) reported adjusted net profit up 17.4% to R$240.6 million in Q2 2026 and confirmed an integrated AI services launch for October. The post Totvs Q2 Profit Up 17.4% to US$47m on AI Launch appeared first on The Rio Times .
Totvs, Brazil's leading enterprise-software firm, reported a 17.4% increase in adjusted net profit to R$240.6 million (US$47.3 million) for the second quarter of 2026. The company's consolidated net revenue grew by 13.3% year-on-year to R$1.92 billion (US$377.8 million). Adjusted EBITDA also rose by 22.5% to R$486.8 million (US$95.8 million).
AI enablers contributed 28% to new recurring revenue during the quarter, with the company set to unveil a series of autonomous AI agents in October 2026. Totvs' CEO, Dennis Herszkowicz, highlighted strong demand in the management-software and business-performance divisions, both of which exceeded double-digit top-line growth. The company's recurring revenue accounted for the majority of the top line, reaching R$7.74 billion (US$1.52 billion) with a 14% increase year-on-year.
Customer churn remained low, and the average contract length extended, indicating strengthened customer relationships. The expansion of Totvs's SaaS subscription revenue grew at a mid-teens pace, with the company adding approximately 1,200 net new logos in the quarter.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
