Nu Holdings Stock Slides After Q1 Miss, But Retail Backs Deep Value Play

• Nu posted quarterly revenue of $5.32 billion, an increase of nearly 64% from the same period in 2025. 
• The bank also added about 4 million customers in the quarter, bringing its global customer count to over 135 million by March 2026.
• The company said that AI is becoming foundational to how it operates and builds banking products, not just a productivity tool.

Shares of Brazilian bank Nu Holdings Ltd. (NU) declined nearly 4% in Thursday’s extended trading hours after the company’s first-quarter (Q1) 2026 earnings failed to meet Wall Street expectations.

The financial services company posted Q1 earnings per share of $0.18, missing analyst estimates of $0.19, according to data from Fiscal.ai. Meanwhile, Nu’s quarterly revenue surpassed $5 billion for the first time, driven by continued strengthening in engagement and monetization across the platform.

On Stocktwits, retail users backed the company’s long-term value, with chatter surging more than 679% in the past 24 hours, according to platform data.

NU Stock: Q1 Earnings Snapshot

Nu posted quarterly revenue of $5.32 billion, an increase of nearly 64% from the same period in 2025. Revenue also exceeded Wall Street expectations of $5.06 billion.

The bank said that its total deposits grew 22% year-on-year to reach $42.4 billion this quarter, while its total credit portfolio expanded 40%. The Loan-to-Deposit Ratio (LDR) reached 58.3% in the first quarter, up from 49.1% in the previous quarter, reflecting its continued expansion.

The bank also added about 4 million customers in the quarter, bringing its global customer count to over 135 million by March 2026. In Brazil, Nu surpassed 115 million customers and solidified its position as the largest private financial institution in the country, while becoming the third-largest financial institution in Mexico.

Nu’s AI Push

Nu Holdings also focused on expanding its artificial intelligence capabilities and product offerings, expected to drive further revenue growth. The company said that AI is becoming foundational to how it operates and builds banking products, not just a productivity tool, with an emphasis on company-wide AI assistance, AI-driven workflow redesign, and, eventually, an AI-native bank.

CEO David Vélez said, "Nu is fundamentally rebuilding banking around AI, creating new customer experiences and enhancing operational efficiency."

NU Stock: Retail Stance

On Stocktwits, retail sentiment around NU was ‘extremely bullish’ amid ‘extremely high’ message volumes.

One user said that they had never been more bullish on their long-term investment in the stock, adding that they were “Grateful to have been able to load more shares on that dip.”

Another user said, “I’ve been invested in NU for about 3 plus years, it will dip like always after ER, even on great earnings. I’ll still hold my $3.85 avg.”

A third user dismissed the post-earnings dip, saying that the market had punished the entire sector, while adding that “I don't see this making any big moves up in the next 6 months unfortunately until there is further clarity on the macros.... be great if it could end the year at all time highs but I'm not sure given the trend short term.”

NU stock has declined about 24% this year.

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