Valid has a 16% revenue growth in 2022
Valid, an identification solutions company, recorded $1.88 billion in net revenue in 2022, with growth across all of its business verticals over the past year. The amount represents an increase of 16% compared to 2021. And the normalized net profit reached R$ 9 billion per year.
Revenue from the identification vertical (ValidID) was BRL 637.3 million in 2022, an increase of 25% compared to 2021.
The 2022 filing represented the highest single-year volume in the company’s history at 26.4 million units, a 33% increase over 2021.
In the payments vertical (Valid Pay), revenues reached R$ 684 million, with a 15% year-on-year increase.
And finally, the Valid Mobile Vertical ended 2022 with revenue of $558 million, representing 9% year-over-year growth. It is worth noting that the global sale of SIMC cards recorded a 30% decline, from 368 million units (2021) to 259 million units last year.