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As of Q4'25, NU's current contract liabilities stand at USD 77.52M, marking a notable decrease from the previous quarter's peak of USD 110.07M. This latest figure reflects a significant quarter-over-quarter decline after reaching the highest level in the observed period. From Q1'23 to Q4'25, the chart shows an overall upward trend in current contract liabilities, with values rising from USD 47.12M to a peak of USD 110.07M in Q3'25. The data reveals steady growth through 2023 and 2024, punctuated by a sharp increase in 2025, followed by a substantial drop in Q4'25. This pattern suggests both strong growth momentum and recent volatility in contract liabilities towards the end of the period.