Estados financieros detallados de Cognyte Software Ltd. (CGNT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Cognyte Software Ltd. registró ingresos de $400.0M en el último ejercicio fiscal, con un CAGR de 5 años del -2.0%.
Márgenes de los últimos 12 meses: margen bruto 72.6%, margen operativo 3.8%, margen neto -0.7%. El flujo de caja libre creció a un CAGR del -10.6% en 5 años.
Al precio actual de $8.47, CGNT presenta beneficios negativos (P/E no significativo) y un ROE del -1.33%. La capitalización bursátil es de $624M.
Cuenta de Resultados (10 años)
| Año | 2015 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $26.5M | $56.3M | $433.5M | $457.1M | $443.5M | $474.0M | $312.1M | $313.4M | $350.6M | $400.0M |
| Coste de Ventas | $3.1M | $18.9M | $176.8M | $164.0M | $132.7M | $132.4M | $119.9M | $98.0M | $103.7M | $110.3M |
| Beneficio Bruto | $23.4M | $37.4M | $256.7M | $293.1M | $310.8M | $341.6M | $192.1M | $215.4M | $246.9M | $289.7M |
| I+D | $2.9M | $4.7M | $100.0M | $111.3M | $128.7M | $143.4M | $140.3M | $107.3M | $108.3M | $122.3M |
| Generales y Administrativos | $8.0M | $8.3M | $137.3M | $153.9M | $162.6M | $185.9M | $154.3M | $125.8M | $143.5M | $153.7M |
| Gastos Operativos | $31.0M | $38.3M | $238.0M | $265.8M | $292.5M | $330.7M | $295.4M | $233.5M | $252.0M | $276.4M |
| Beneficio Operativo | -$7.6M | $1.50B | $18.7M | $27.3M | $18.3M | $11.0M | -$103.3M | -$18.1M | -$5.1M | $13.3M |
| EBITDA | -$7.4M | $1.50B | $41.5M | $47.7M | $47.4M | $29.7M | -$77.3M | $573000 | $9.4M | $23.5M |
| Gastos por Intereses | $489 | $29034 | $499000 | $481000 | $185000 | $196000 | $1.6M | $16000 | $100000 | $194000 |
| Beneficio Antes de Impuestos | -$7.6M | -$617000 | $19.9M | $29.9M | $24.7M | $8.3M | -$97.0M | -$13.3M | -$4.4M | $11.3M |
| Impuestos | $65506 | $137124 | $7.6M | $2.6M | $4.4M | $18.5M | $13.0M | -$1.6M | $2.9M | $6.7M |
| Beneficio Neto | -$7.7M | -$883000 | $8.7M | $20.2M | $14.2M | -$14.9M | -$114.1M | -$15.6M | -$12.1M | -$638000 |
| BPA | $-0.30 | $-0.01 | $0.13 | $0.31 | $0.22 | $-0.22 | $-1.68 | $-0.22 | $-0.17 | $-0.01 |
| BPA Diluido | $-0.15 | $-0.01 | $0.13 | $0.31 | $0.22 | $-0.22 | $-1.68 | $-0.22 | $-0.17 | $-0.01 |
| Acciones en Circulación (Diluidas) | $53.0M | $60.0M | $65.8M | $65.4M | $65.8M | $66.6M | $67.9M | $70.1M | $71.8M | $72.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Ingresos | $100.7M | $106.2M | $105.5M | $109.2M |
| Beneficio Bruto | $73.0M | $78.7M | $76.3M | $79.6M |
| Beneficio Operativo | $3.2M | $5.2M | $4.4M | $4.7M |
| EBITDA | $4.9M | $7.1M | $5.7M | $7.5M |
| Beneficio Neto | -$4.9M | $3.8M | -$3.0M | $4.1M |
| BPA | $-0.07 | $0.05 | $-0.04 | $0.06 |
| BPA Diluido | $-0.07 | $0.05 | $-0.04 | $0.06 |
Balance (10 años)
| Año | 2015 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | 0 | $20.9M | $240.2M | $201.1M | $78.6M | $152.6M | $34.6M | $74.5M | $112.7M | $116.9M |
| Inversiones a Corto | 0 | $6.2M | $31.1M | $6.6M | $4.7M | $10.4M | $17.5M | 0 | 0 | 0 |
| Cuentas por Cobrar | 0 | $8.3M | $203.8M | $211.3M | $196.7M | $207.1M | $137.7M | $122.1M | $122.8M | $131.5M |
| Inventario | 0 | $7.2M | $16.8M | $14.9M | $14.5M | $14.4M | $25.3M | $24.6M | $19.0M | $16.4M |
| Activos Corrientes | 0 | $43.7M | $569.5M | $512.2M | $350.2M | $420.1M | $251.7M | $265.0M | $286.2M | $298.3M |
| Inmovilizado Material | 0 | $2.4M | $34.8M | $75.7M | $69.7M | $55.9M | $43.4M | $58.2M | $63.5M | $69.5M |
| Fondo de Comercio | 0 | $19.2M | $147.2M | $158.1M | $158.2M | $158.2M | $126.5M | $126.6M | $126.1M | $126.6M |
| Activos Intangibles | 0 | $7.4M | $12.5M | $19.5M | $5.3M | $3.2M | $650000 | $8.6M | $8.1M | $9.8M |
| Activos Totales | 0 | $74.7M | $805.3M | $805.1M | $628.8M | $664.6M | $443.1M | $472.1M | $497.8M | $521.1M |
| Cuentas por Pagar | $3.97B | $45.7M | $45.7M | $43.4M | $41.6M | $36.7M | $20.7M | $20.9M | $25.2M | $26.9M |
| Deuda a Corto | 0 | 0 | $13.0M | $7.0M | $38.8M | $100.0M | $6.6M | 0 | 0 | 0 |
| Pasivos Corrientes | $10.25B | $9.4M | $268.4M | $280.1M | $299.0M | $319.6M | $193.9M | $190.5M | $219.4M | $224.0M |
| Deuda a Largo | $22.53B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $34.00B | $10.7M | $330.0M | $349.9M | $358.4M | $365.5M | $233.3M | $257.3M | $280.7M | $292.2M |
| Reservas | -$51.88B | -$82.0M | 0 | 0 | 0 | -$14.9M | -$129.0M | -$144.6M | -$156.6M | -$157.3M |
| Patrimonio Neto | $22.75B | $64.0M | $467.6M | $444.5M | $257.5M | $285.1M | $194.1M | $197.9M | $198.2M | $206.5M |
| Deuda Total | $22.53B | $214000 | $13.2M | $40.0M | $70.0M | $124.6M | $17.0M | $33.4M | $35.5M | $43.0M |
| Deuda Neta | $22.53B | -$26.9M | -$258.0M | -$167.7M | -$13.3M | -$38.4M | -$35.1M | -$41.1M | -$77.2M | -$73.8M |
| Capital Circulante | -$10.25B | $34.3M | $301.1M | $232.1M | $51.2M | $100.5M | $57.9M | $74.5M | $66.8M | $74.2M |
Balance (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caja y Equivalentes | $106.6M | $116.9M | $109.2M | $102.2M |
| Activos Totales | $514.9M | $521.1M | $523.7M | $505.9M |
| Pasivos Totales | $287.4M | $292.2M | $304.7M | $286.4M |
| Patrimonio Neto | $204.0M | $206.5M | $195.7M | $195.3M |
| Deuda Total | $37.2M | $43.0M | $36.3M | $35.2M |
Flujo de Caja (10 años)
| Año | 2015 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$7.7M | -$882750 | $12.3M | $27.4M | $20.3M | -$10.3M | -$110.0M | -$15.6M | -$7.2M | -$638000 |
| Amortizaciones | $278953 | $3.2M | $21.0M | $17.3M | $22.5M | $21.3M | $18.1M | $13.8M | $13.7M | $12.0M |
| Compensación en Acciones | 0 | $1.45B | $25.5M | $31.0M | $27.4M | $32.9M | $25.2M | $12.2M | $19.0M | 0 |
| Cambio en Capital Circulante | $1.5M | -$1.5M | -$11.6M | -$11.5M | $7.9M | -$48.0M | $31.5M | $26.0M | $21.4M | $3.2M |
| Flujo de Caja Operativo | -$4.4M | $2.3M | $53.7M | $67.2M | $71.3M | $2.6M | -$37.0M | $34.6M | $46.8M | $40.3M |
| Inversiones (CapEx) | -$420726 | -$856875 | -$12.6M | -$21.3M | -$19.3M | -$17.8M | -$11.7M | -$9.1M | -$13.2M | -$10.6M |
| Adquisiciones | 0 | -$181.3M | -$3.8M | -$18.7M | -$5.1M | 0 | $37.6M | $5.0M | $4.9M | -$4.3M |
| Recompra de Acciones | -$28000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$5.3M | -$21.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | -$4.2M | -$35.0M | -$2.9M | 0 | 0 | 0 |
| Flujo de Caja Libre | -$4.8M | $1.4M | $41.1M | $45.9M | $52.0M | -$15.2M | -$48.7M | $25.5M | $33.6M | $29.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Flujo de Caja Operativo | $25.0M | $21.7M | -$4.7M | $1.1M |
| Inversiones (CapEx) | -$2.2M | -$2.5M | -$1.4M | -$2.6M |
| Flujo de Caja Libre | $22.8M | $19.2M | -$6.1M | -$1.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $5.5M | 0 | 0 | $5.7M |
Crecimiento y Márgenes (10 años)
| Año | 2015 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +112.3% | +669.7% | +5.5% | -3.0% | +6.9% | -34.2% | +0.4% | +11.9% | +14.1% |
| Crecimiento Beneficio Neto (anual) | | +88.5% | +1088.4% | +131.3% | -29.7% | -204.8% | -666.5% | +86.4% | +22.6% | +94.7% |
| Crecimiento BPA (anual) | | +95.1% | +984.4% | +138.5% | -29.0% | -200.0% | -663.6% | +86.9% | +22.7% | +94.9% |
| Cambio en Acciones (anual) | | +13.2% | +9.7% | -0.6% | +0.6% | +1.2% | +2.0% | +3.2% | +2.4% | +1.6% |
| Crecimiento FCF (anual) | | +130.3% | +2736.5% | +11.5% | +13.4% | -129.2% | -221.0% | +152.4% | +31.8% | -11.6% |
| Margen Bruto | 88.2% | 66.5% | 59.2% | 64.1% | 70.1% | 72.1% | 61.6% | 68.7% | 70.4% | 72.4% |
| Margen Operativo | -28.8% | 2664.0% | 4.3% | 6.0% | 4.1% | 2.3% | -33.1% | -5.8% | -1.5% | 3.3% |
| Margen EBITDA | -27.8% | 2664.0% | 9.6% | 10.4% | 10.7% | 6.3% | -24.8% | 0.2% | 2.7% | 5.9% |
| Margen Neto | -29.1% | -1.6% | 2.0% | 4.4% | 3.2% | -3.1% | -36.6% | -5.0% | -3.4% | -0.2% |
| Margen FCF | -18.0% | 2.6% | 9.5% | 10.0% | 11.7% | -3.2% | -15.6% | 8.1% | 9.6% | 7.4% |
| Tasa Impositiva Efectiva | -0.9% | -22.2% | 38.2% | 8.6% | 17.9% | 224.1% | -13.4% | 12.2% | -65.5% | 59.3% |
Datos por Acción (10 años)
| Año | 2015 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $-0.09 | $0.02 | $0.63 | $0.70 | $0.79 | $-0.23 | $-0.72 | $0.36 | $0.47 | $0.41 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.53 | $0.04 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $25.5M | $60.0M | $65.4M | $65.4M | $65.8M | $66.6M | $67.9M | $70.1M | $71.8M | $72.9M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -1.33% |
| Rentabilidad sobre capital invertido | 1.37% |
| Rentabilidad sobre activos | -0.51% |
| Margen bruto | 72.64% |
| Margen operativo | 3.78% |
| Margen neto | -0.66% |
Salud financiera
| Deuda / Patrimonio | 0.19 |
| Ratio corriente | 1.32 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.95 |
Ratios Clave (10 años)
| Año | 2015 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -93.37 | -1905.44 | 215.46 | 90.35 | 127.32 | -49.32 | -2.26 | -32.18 | -54.76 | -1037.93 |
| P/VC | 0.03 | 26.24 | 3.92 | 4.12 | 7.15 | 2.53 | 1.33 | 2.51 | 3.37 | 3.19 |
| P/V | 26.94 | 29.83 | 4.23 | 4.01 | 4.15 | 1.52 | 0.82 | 1.58 | 1.91 | 1.65 |
| Margen Bruto | 88.2% | 66.5% | 59.2% | 64.1% | 70.1% | 72.1% | 61.6% | 68.7% | 70.4% | 72.4% |
| Margen Operativo | -28.8% | 2664.0% | 4.3% | 6.0% | 4.1% | 2.3% | -33.1% | -5.8% | -1.5% | 3.3% |
| Margen Neto | -29.1% | -1.6% | 2.0% | 4.4% | 3.2% | -3.1% | -36.6% | -5.0% | -3.4% | -0.2% |