Estados financieros detallados de Cineverse Corp. (CNVS): 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
Cineverse Corp. registró ingresos de $65.7M en el último ejercicio fiscal, con un CAGR de 5 años del 15.9%.
Márgenes de los últimos 12 meses: margen bruto 40.0%, margen operativo -15.2%, margen neto -12.9%.
Al precio actual de $2.14, CNVS presenta beneficios negativos (P/E no significativo) y un ROE del -27.24%. La capitalización bursátil es de $50M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $90.4M | $67.7M | $53.5M | $39.3M | $31.4M | $56.1M | $68.0M | $49.1M | $78.2M | $65.7M |
| Coste de Ventas | $25.1M | $19.5M | $16.1M | $17.1M | $16.1M | $20.9M | $36.4M | $19.1M | $38.8M | $36.6M |
| Beneficio Bruto | $65.3M | $48.2M | $37.4M | $22.1M | $15.3M | $35.2M | $31.7M | $30.0M | $39.4M | $29.1M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $23.8M | $28.5M | $27.7M | $16.3M | $21.9M | $26.6M | $30.5M | $23.0M | $22.5M | $41.7M |
| Gastos Operativos | $58.5M | $47.4M | $43.0M | $26.5M | $28.8M | $34.1M | $38.1M | $31.7M | $31.5M | $41.7M |
| Beneficio Operativo | $6.8M | $723000 | -$5.6M | -$4.3M | -$13.5M | $1.0M | -$6.4M | -$1.7M | $7.9M | -$12.6M |
| EBITDA | $37.6M | $14.1M | $8.1M | $2.2M | -$52.2M | $6.4M | -$4.5M | -$16.4M | $12.0M | -$6.6M |
| Gastos por Intereses | $19.1M | $14.2M | $10.3M | $7.3M | $4.1M | $356000 | $1.3M | $1.1M | $4.4M | $457000 |
| Beneficio Antes de Impuestos | -$14.9M | -$18.1M | -$16.0M | -$14.4M | -$63.2M | $1.5M | -$9.6M | -$21.3M | $3.9M | -$11.5M |
| Impuestos | $252000 | $401000 | $295000 | $313000 | -$315000 | -$788000 | $119000 | $10000 | $106000 | -$2.8M |
| Beneficio Neto | -$15.1M | -$18.5M | -$16.2M | -$14.7M | -$62.8M | $2.2M | -$9.7M | -$21.4M | $3.6M | -$8.8M |
| BPA | $-37.59 | $-15.97 | $-8.56 | $-6.70 | $-9.89 | $0.21 | $-1.13 | $-1.78 | $0.18 | $-0.49 |
| BPA Diluido | $-37.59 | $-15.97 | $-8.56 | $-6.70 | $-9.89 | $0.20 | $-1.13 | $-1.78 | $0.16 | $-0.49 |
| Acciones en Circulación (Diluidas) | $402458 | $1.2M | $1.9M | $2.2M | $6.4M | $8.7M | $8.9M | $12.3M | $17.8M | $18.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $12.4M | $16.3M | $26.0M | $30.6M |
| Beneficio Bruto | $7.1M | $11.2M | $7.8M | $7.8M |
| Beneficio Operativo | -$5.4M | -$656000 | -$3.5M | -$3.3M |
| EBITDA | -$4.2M | $542000 | -$987000 | -$496000 |
| Beneficio Neto | -$5.6M | -$924000 | $1.2M | -$5.7M |
| BPA | $-0.31 | $-0.05 | $0.06 | $-0.28 |
| BPA Diluido | $-0.31 | $-0.05 | $0.05 | $-0.28 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $12.6M | $18.0M | $17.9M | $14.3M | $16.8M | $13.1M | $7.2M | $5.2M | $13.9M | $3.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $63.7M | $49.7M | $41.2M | $38.3M | $23.5M | $35.9M | $25.0M | $16.8M | $15.8M | $38.6M |
| Inventario | $1.1M | $792000 | $673000 | $582000 | $166000 | $116000 | $207000 | 0 | 0 | 0 |
| Activos Corrientes | $86.5M | $74.2M | $64.9M | $61.1M | $43.1M | $52.2M | $37.6M | $32.7M | $38.1M | $50.8M |
| Inmovilizado Material | $33.1M | $21.5M | $14.0M | $9.2M | $3.6M | $2.0M | $3.1M | $3.1M | $2.9M | $4.3M |
| Fondo de Comercio | $8.7M | $8.7M | $8.7M | $8.7M | $8.7M | $21.1M | $20.8M | $6.8M | $6.8M | $21.2M |
| Activos Intangibles | 0 | 0 | 0 | 0 | $9.9M | $20.0M | $19.9M | $18.3M | $18.2M | $44.1M |
| Activos Totales | $151.3M | $121.2M | $98.8M | $110.4M | $75.4M | $104.6M | $88.1M | $64.4M | $72.5M | $130.3M |
| Cuentas por Pagar | $65.5M | $60.8M | $61.0M | $70.3M | $30.1M | $34.2M | $15.0M | $5.8M | $7.3M | $7.3M |
| Deuda a Corto | $25.7M | $5.3M | $43.3M | $48.7M | $9.7M | 0 | $4.9M | $6.3M | 0 | $9.4M |
| Pasivos Corrientes | $101.9M | $76.3M | $113.7M | $128.0M | $57.4M | $57.0M | $45.3M | $31.2M | $34.4M | $63.0M |
| Deuda a Largo | $114.4M | $63.0M | $19.1M | 0 | $2.2M | 0 | 0 | 0 | 0 | $12.5M |
| Pasivos Totales | $222.0M | $143.5M | $135.4M | $129.7M | $59.6M | $63.7M | $49.0M | $32.2M | $34.7M | $86.9M |
| Reservas | -$360.4M | -$379.2M | -$395.8M | -$410.9M | -$474.1M | -$472.3M | -$482.4M | -$504.2M | -$500.9M | -$510.1M |
| Patrimonio Neto | -$69.5M | -$21.0M | -$35.3M | -$18.0M | $17.2M | $42.3M | $40.3M | $33.3M | $38.8M | $44.3M |
| Deuda Total | $140.2M | $68.3M | $62.5M | $50.0M | $12.0M | $749000 | $6.2M | $7.2M | $462000 | $22.4M |
| Deuda Neta | $127.6M | $50.3M | $44.6M | $35.7M | -$4.9M | -$12.3M | -$947000 | $2.0M | -$13.5M | $19.0M |
| Capital Circulante | -$15.4M | -$2.2M | -$48.8M | -$67.0M | -$14.2M | -$4.8M | -$7.8M | $1.5M | $3.6M | -$12.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $2.3M | $2.5M | $3.4M | $4.3M |
| Activos Totales | $61.9M | $68.6M | $130.3M | $135.2M |
| Pasivos Totales | $24.8M | $30.8M | $86.9M | $95.1M |
| Patrimonio Neto | $38.0M | $38.6M | $44.3M | $40.1M |
| Deuda Total | $7.2M | $8.9M | $22.4M | $26.1M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$15.1M | -$18.5M | -$16.2M | -$4.4M | -$62.8M | $2.3M | -$9.7M | -$21.3M | $3.8M | -$8.8M |
| Amortizaciones | $33.4M | $18.0M | $13.8M | $9.4M | $6.9M | $4.6M | $3.8M | $3.8M | $3.8M | $6.0M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | $2.9M | $5.5M | $4.5M | $1.5M | $1.9M | 0 |
| Cambio en Capital Circulante | $3.4M | $12.0M | $6.3M | $7.9M | -$13.5M | -$7.2M | -$10.8M | -$11.5M | $10.4M | -$19.3M |
| Flujo de Caja Operativo | $31.7M | $22.4M | $11.1M | $7.8M | -$20.0M | $4.9M | -$9.0M | -$10.6M | $17.4M | -$26.5M |
| Inversiones (CapEx) | -$486000 | -$931000 | -$2.0M | -$1.2M | -$2.6M | -$641000 | -$1.3M | -$1.1M | -$1.2M | -$4.4M |
| Adquisiciones | $39000 | 0 | 0 | 0 | $84000 | -$11.7M | 0 | 0 | 0 | -$10.0M |
| Recompra de Acciones | 0 | -$163000 | 0 | 0 | 0 | 0 | 0 | 0 | -$215000 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $31.2M | $21.5M | $9.1M | $6.5M | -$22.6M | $4.2M | -$10.2M | -$11.7M | $16.2M | -$30.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$7.2M | -$1.6M | -$3.2M | -$994000 |
| Inversiones (CapEx) | -$841000 | -$577000 | -$2.9M | -$426000 |
| Flujo de Caja Libre | -$8.0M | -$2.2M | -$6.1M | -$1.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -25.1% | -20.9% | -26.6% | -20.0% | +78.4% | +21.4% | -27.8% | +59.1% | -15.9% |
| Crecimiento Beneficio Neto (anual) | | -22.0% | +12.0% | +9.2% | -326.4% | +103.5% | -540.1% | -119.9% | +116.8% | -345.3% |
| Crecimiento BPA (anual) | | +57.5% | +46.4% | +21.7% | -47.6% | +102.1% | -638.1% | -57.5% | +110.1% | -372.2% |
| Cambio en Acciones (anual) | | +187.0% | +64.1% | +16.0% | +190.4% | +36.0% | +2.3% | +37.8% | +45.4% | +5.4% |
| Crecimiento FCF (anual) | | -31.2% | -57.5% | -28.5% | -447.1% | +118.7% | -341.7% | -13.8% | +239.3% | -290.0% |
| Margen Bruto | 72.2% | 71.2% | 69.9% | 56.4% | 48.7% | 62.7% | 46.5% | 61.1% | 50.4% | 44.3% |
| Margen Operativo | 7.5% | 1.1% | -10.5% | -11.1% | -42.9% | 1.9% | -9.5% | -3.4% | 10.1% | -19.1% |
| Margen EBITDA | 41.6% | 20.9% | 15.1% | 5.7% | -166.2% | 11.4% | -6.6% | -33.4% | 15.4% | -10.0% |
| Margen Neto | -16.7% | -27.3% | -30.3% | -37.5% | -199.9% | 3.9% | -14.3% | -43.6% | 4.6% | -13.4% |
| Margen FCF | 34.5% | 31.7% | 17.0% | 16.6% | -72.0% | 7.6% | -15.1% | -23.7% | 20.8% | -46.9% |
| Tasa Impositiva Efectiva | -1.7% | -2.2% | -1.8% | -2.2% | 0.5% | -53.1% | -1.2% | -0.0% | 2.7% | 24.7% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $77.56 | $18.58 | $4.81 | $2.96 | $-3.54 | $0.49 | $-1.15 | $-0.95 | $0.91 | $-1.64 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $402458 | $1.2M | $1.9M | $2.2M | $6.4M | $8.5M | $8.9M | $12.3M | $15.8M | $18.8M |
Qué mirar en empresas de Communication Services
- 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 | -27.24% |
| Rentabilidad sobre capital invertido | -14.04% |
| Rentabilidad sobre activos | -8.11% |
| Margen bruto | 39.95% |
| Margen operativo | -15.17% |
| Margen neto | -12.87% |
Salud financiera
| Deuda / Patrimonio | 0.65 |
| Ratio corriente | 0.75 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -0.82 | -1.72 | -4.37 | -1.07 | -3.38 | 77.14 | -7.43 | -0.80 | 17.56 | -4.90 |
| P/VC | -0.18 | -1.50 | -2.01 | -0.88 | 12.38 | 3.27 | 1.85 | 0.53 | 1.29 | 1.02 |
| P/V | 0.14 | 0.47 | 1.32 | 0.40 | 6.79 | 2.47 | 1.10 | 0.36 | 0.64 | 0.69 |
| Margen Bruto | 72.2% | 71.2% | 69.9% | 56.4% | 48.7% | 62.7% | 46.5% | 61.1% | 50.4% | 44.3% |
| Margen Operativo | 7.5% | 1.1% | -10.5% | -11.1% | -42.9% | 1.9% | -9.5% | -3.4% | 10.1% | -19.1% |
| Margen Neto | -16.7% | -27.3% | -30.3% | -37.5% | -199.9% | 3.9% | -14.3% | -43.6% | 4.6% | -13.4% |