Estados financieros detallados de Creative Realities, Inc. (CREX): 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
Creative Realities, Inc. registró ingresos de $57.2M en el último ejercicio fiscal, con un CAGR de 5 años del 26.8%.
Márgenes de los últimos 12 meses: margen bruto 41.7%, margen operativo -21.8%, margen neto -29.3%.
Al precio actual de $2.60, CREX presenta beneficios negativos (P/E no significativo) y un ROE del -33.07%. La capitalización bursátil es de $34M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $13.7M | $17.7M | $22.5M | $31.6M | $17.5M | $18.4M | $43.4M | $45.2M | $50.9M | $57.2M |
| Coste de Ventas | $6.8M | $10.3M | $12.3M | $17.9M | $9.3M | $10.1M | $25.6M | $23.0M | $26.8M | $31.5M |
| Beneficio Bruto | $6.9M | $7.4M | $10.2M | $13.7M | $8.1M | $8.4M | $17.7M | $22.2M | $24.0M | $25.7M |
| I+D | $893000 | $991000 | $1.3M | $1.4M | $1.1M | $550000 | $1.3M | $1.6M | 0 | 0 |
| Generales y Administrativos | $7.5M | $9.0M | $11.8M | $11.4M | $10.1M | $8.5M | $15.5M | $16.0M | $23.1M | $28.9M |
| Gastos Operativos | $10.3M | $11.5M | $14.2M | $13.8M | $24.2M | $10.9M | $20.2M | $20.8M | $23.1M | $34.6M |
| Beneficio Operativo | -$4.6M | -$6.1M | -$4.5M | -$110000 | -$16.1M | -$2.5M | -$2.5M | $1.3M | $938000 | -$8.9M |
| EBITDA | -$1.4M | -$3.9M | -$7.2M | $857000 | -$14.5M | $2.4M | $7.5M | $3.4M | $2.5M | $104000 |
| Gastos por Intereses | $1.6M | $1.6M | $2.6M | $831000 | $1.0M | $805000 | $2.7M | $3.0M | $1.8M | $2.5M |
| Beneficio Antes de Impuestos | -$6.3M | -$7.0M | -$11.0M | $1.1M | -$17.0M | $254000 | $2.0M | -$2.9M | -$3.4M | -$7.1M |
| Impuestos | -$365000 | -$39000 | -$398000 | $93000 | -$158000 | $22000 | $79000 | $83000 | $106000 | -$1.2M |
| Beneficio Neto | -$5.9M | -$7.0M | -$10.6M | $1.0M | -$16.8M | $232000 | $1.9M | -$2.9M | -$3.5M | -$7.1M |
| BPA | $-7.10 | $-8.90 | $-12.41 | $0.32 | $-4.96 | $0.06 | $0.28 | $-0.35 | $-0.34 | $-0.81 |
| BPA Diluido | $-7.10 | $-8.90 | $-12.41 | $0.32 | $-4.96 | $0.06 | $0.28 | $-0.35 | $-0.34 | $-0.81 |
| Acciones en Circulación (Diluidas) | $727144 | $808755 | $1.2M | $3.3M | $3.4M | $3.9M | $6.7M | $8.5M | $10.4M | $10.5M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $10.5M | $23.9M | $16.3M | $21.5M |
| Beneficio Bruto | $4.8M | $11.5M | $5.6M | $8.3M |
| Beneficio Operativo | -$7.3M | $457000 | -$6.2M | -$2.7M |
| EBITDA | -$6.2M | $1.4M | -$2.6M | -$2.7M |
| Beneficio Neto | -$7.9M | -$2.0M | -$7.5M | -$3.9M |
| BPA | $-0.75 | $-0.21 | $-0.74 | $-0.41 |
| BPA Diluido | $-0.75 | $-0.21 | $-0.74 | $-0.41 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.4M | $1.0M | $2.7M | $2.5M | $1.8M | $2.9M | $1.6M | $2.9M | $1.0M | $1.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $4.2M | $6.0M | $7.7M | $4.7M | $2.3M | $3.4M | $8.3M | $12.5M | $10.6M | $19.2M |
| Inventario | $585000 | $851000 | $379000 | $379000 | $2.4M | $1.9M | $2.3M | $2.6M | $2.0M | $7.4M |
| Activos Corrientes | $6.3M | $8.9M | $12.4M | $8.0M | $7.0M | $9.8M | $14.0M | $18.6M | $14.5M | $33.5M |
| Inmovilizado Material | $912000 | $1.1M | $1.2M | $3.3M | $2.3M | $729000 | $1.8M | $1.5M | $1.1M | $2.9M |
| Fondo de Comercio | $15.0M | $15.0M | $18.9M | $18.2M | $7.5M | $7.5M | $26.5M | $26.5M | $26.5M | $53.3M |
| Activos Intangibles | $2.0M | $875000 | $5.1M | $4.4M | $3.8M | $4.8M | $23.8M | $24.1M | $22.8M | $35.9M |
| Activos Totales | $24.4M | $26.0M | $37.7M | $34.0M | $20.6M | $22.9M | $66.0M | $70.8M | $65.2M | $151.0M |
| Cuentas por Pagar | $3.2M | $2.0M | $2.0M | $1.8M | $1.7M | $2.5M | $3.8M | $7.9M | $6.4M | $16.7M |
| Deuda a Corto | $7.6M | 0 | 0 | $3.6M | $1.6M | 0 | $4.5M | $3.7M | 0 | $4.4M |
| Pasivos Corrientes | $14.4M | $12.7M | $15.0M | $10.4M | $7.3M | $6.9M | $16.5M | $20.2M | $26.2M | $39.3M |
| Deuda a Largo | 0 | $5.5M | $5.5M | $3.8M | $8.3M | $6.9M | $13.1M | $9.8M | $13.0M | $39.5M |
| Pasivos Totales | $22.4M | $21.7M | $20.9M | $15.5M | $16.3M | $14.2M | $40.4M | $41.9M | $39.7M | $101.9M |
| Reservas | -$20.5M | -$26.2M | -$36.9M | -$35.6M | -$52.5M | -$52.3M | -$50.4M | -$53.3M | -$56.9M | -$65.1M |
| Patrimonio Neto | $2.0M | $4.4M | $16.8M | $18.5M | $4.3M | $8.7M | $25.6M | $28.8M | $25.5M | $21.5M |
| Deuda Total | $7.6M | $5.5M | $5.5M | $9.2M | $10.8M | $7.5M | $19.2M | $14.6M | $14.0M | $65.6M |
| Deuda Neta | $6.3M | $4.5M | $2.8M | $6.6M | $9.0M | $4.6M | $17.5M | $11.7M | $12.9M | $64.0M |
| Capital Circulante | -$8.0M | -$3.8M | -$2.6M | -$2.4M | -$306000 | $2.9M | -$2.5M | -$1.6M | -$11.7M | -$5.7M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $314000 | $1.6M | $1.8M | $10.7M |
| Activos Totales | $61.3M | $151.0M | $138.2M | $142.9M |
| Pasivos Totales | $39.4M | $101.9M | $97.1M | $95.3M |
| Patrimonio Neto | $21.9M | $21.5M | $41.1M | $47.6M |
| Deuda Total | $24.0M | $65.6M | $70.1M | $41.5M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$5.9M | -$7.0M | -$10.6M | $563000 | -$16.8M | $232000 | $1.9M | -$2.9M | -$3.5M | -$8.3M |
| Amortizaciones | $2.0M | $1.5M | $1.2M | $1.2M | $1.5M | $1.4M | $2.8M | $3.2M | $4.1M | $6.5M |
| Compensación en Acciones | $273000 | $284000 | $1.4M | $478000 | $720000 | $2.0M | $2.1M | $563000 | $13000 | $2.3M |
| Cambio en Capital Circulante | -$2.5M | $3.8M | $1.2M | -$2.2M | -$716000 | $1.1M | -$3.3M | $1.3M | -$532000 | -$10.8M |
| Flujo de Caja Operativo | -$4.1M | $655000 | -$1.6M | -$970000 | -$3.5M | $471000 | -$708000 | $5.2M | $3.4M | -$7.8M |
| Inversiones (CapEx) | -$292000 | -$569000 | -$308000 | -$897000 | -$657000 | -$1.2M | -$4.3M | -$4.0M | -$2.8M | -$306000 |
| Adquisiciones | 0 | 0 | -$6.3M | 0 | 0 | 0 | -$17.2M | 0 | 0 | -$38.0M |
| Recompra de Acciones | 0 | -$149000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$4.4M | $86000 | -$1.9M | -$1.9M | -$4.2M | -$688000 | -$5.0M | $1.1M | $580000 | -$8.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.6M | -$6.9M | -$1.7M | $2.7M |
| Inversiones (CapEx) | -$709000 | -$96000 | -$183000 | -$2.3M |
| Flujo de Caja Libre | -$2.3M | -$7.0M | -$1.9M | $457000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $335000 | $604000 | $324000 | $430000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +29.4% | +27.0% | +40.6% | -44.8% | +5.6% | +135.1% | +4.2% | +12.6% | +12.5% |
| Crecimiento Beneficio Neto (anual) | | -17.6% | -52.8% | +109.8% | -1722.7% | +101.4% | +708.6% | -256.6% | -19.4% | -102.7% |
| Crecimiento BPA (anual) | | -25.4% | -39.4% | +102.6% | -1650.0% | +101.2% | +373.0% | -225.0% | +2.9% | -138.2% |
| Cambio en Acciones (anual) | | +11.2% | +48.5% | +170.9% | +4.5% | +15.4% | +70.0% | +27.2% | +23.1% | +0.5% |
| Crecimiento FCF (anual) | | +102.0% | -2276.7% | +0.3% | -124.3% | +83.6% | -626.3% | +122.8% | -49.1% | -1489.0% |
| Margen Bruto | 50.2% | 41.8% | 45.5% | 43.5% | 46.5% | 45.3% | 40.9% | 49.1% | 47.2% | 44.9% |
| Margen Operativo | -33.3% | -34.5% | -19.9% | -0.3% | -92.1% | -13.8% | -5.7% | 3.0% | 1.8% | -15.5% |
| Margen EBITDA | -10.4% | -21.9% | -32.2% | 2.7% | -83.1% | 13.1% | 17.4% | 7.4% | 4.8% | 0.2% |
| Margen Neto | -43.2% | -39.3% | -47.3% | 3.3% | -96.5% | 1.3% | 4.3% | -6.5% | -6.9% | -12.4% |
| Margen FCF | -32.2% | 0.5% | -8.3% | -5.9% | -24.0% | -3.7% | -11.5% | 2.5% | 1.1% | -14.1% |
| Tasa Impositiva Efectiva | 5.8% | 0.6% | 3.6% | 8.2% | 0.9% | 8.7% | 4.0% | -2.9% | -3.1% | 16.4% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-6.05 | $0.11 | $-1.56 | $-0.57 | $-1.23 | $-0.18 | $-0.75 | $0.13 | $0.06 | $-0.77 |
| 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) | $727144 | $808755 | $1.2M | $3.2M | $3.4M | $3.9M | $6.7M | $8.5M | $10.4M | $10.5M |
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 | -33.07% |
| Rentabilidad sobre capital invertido | -6.18% |
| Rentabilidad sobre activos | -4.71% |
| Margen bruto | 41.67% |
| Margen operativo | -21.80% |
| Margen neto | -29.29% |
Salud financiera
| Deuda / Patrimonio | 0.87 |
| Ratio corriente | 0.90 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -3.93 | -3.24 | -0.55 | 14.34 | -0.78 | 70.95 | 6.21 | -6.74 | -7.21 | -3.22 |
| P/VC | 10.27 | 5.35 | 0.49 | 0.81 | 3.03 | 1.89 | 0.45 | 0.69 | 1.00 | 1.27 |
| P/V | 1.48 | 1.32 | 0.37 | 0.47 | 0.75 | 0.89 | 0.27 | 0.44 | 0.50 | 0.48 |
| Margen Bruto | 50.2% | 41.8% | 45.5% | 43.5% | 46.5% | 45.3% | 40.9% | 49.1% | 47.2% | 44.9% |
| Margen Operativo | -33.3% | -34.5% | -19.9% | -0.3% | -92.1% | -13.8% | -5.7% | 3.0% | 1.8% | -15.5% |
| Margen Neto | -43.2% | -39.3% | -47.3% | 3.3% | -96.5% | 1.3% | 4.3% | -6.5% | -6.9% | -12.4% |