Estados financieros detallados de Castellum, Inc. (CTM): 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
Castellum, Inc. registró ingresos de $52.9M en el último ejercicio fiscal, con un CAGR de 5 años del 31.7%.
Márgenes de los últimos 12 meses: margen bruto 35.3%, margen operativo -4.9%, margen neto -4.1%.
Al precio actual de $0.60, CTM presenta beneficios negativos (P/E no significativo) y un ROE del -6.32%. La capitalización bursátil es de $57M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $2400 | 0 | 0 | $1.1M | $13.3M | $25.1M | $42.2M | $45.2M | $44.8M | $52.9M |
| Coste de Ventas | $47790 | $69950 | $229592 | $856533 | $7.2M | $14.0M | $24.6M | $26.6M | $26.5M | $33.5M |
| Beneficio Bruto | -$45390 | -$69950 | -$230000 | $279146 | $6.2M | $11.1M | $17.6M | $18.7M | $18.3M | $19.4M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $629678 | $989672 | $236857 | $1.1M | $5.7M | $14.5M | $13.6M | $17.7M | $14.3M | $10.7M |
| Gastos Operativos | $629678 | $989672 | $236857 | $1.1M | $7.6M | $18.8M | $27.6M | $35.3M | $25.5M | $22.2M |
| Beneficio Operativo | -$675000 | -$1.1M | -$466000 | -$841000 | -$1.5M | -$7.7M | -$10.0M | -$16.7M | -$7.2M | -$2.8M |
| EBITDA | -$628000 | -$1.7M | -$446000 | -$685000 | $362287 | -$5.8M | -$8.1M | -$13.3M | -$6.5M | -$285536 |
| Gastos por Intereses | $37611 | $35959 | $4622 | $248685 | $2.3M | $2.5M | $4.0M | $3.2M | $1.2M | $405912 |
| Beneficio Antes de Impuestos | -$713000 | -$1.7M | -$461000 | -$1.1M | -$3.8M | -$10.2M | -$14.1M | -$19.1M | -$9.9M | -$2.2M |
| Impuestos | -$3 | 0 | 0 | -$270000 | -$1.1M | -$2.7M | $819596 | -$1.3M | $68032 | $207980 |
| Beneficio Neto | -$713000 | -$1.7M | -$461000 | -$820000 | -$2.7M | -$7.5M | -$14.9M | -$17.8M | -$10.0M | -$2.4M |
| BPA | $-0.13 | $-0.30 | $-0.08 | $-0.06 | $-0.18 | $-0.41 | $-0.55 | $-0.38 | $-0.18 | $-0.03 |
| BPA Diluido | $-0.13 | $-0.30 | $-0.08 | $-0.08 | $-0.18 | $-0.41 | $-0.55 | $-0.38 | $-0.18 | $-0.03 |
| Acciones en Circulación (Diluidas) | $5.6M | $5.6M | $5.9M | $14.7M | $15.2M | $18.3M | $27.5M | $47.2M | $55.3M | $94.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $14.6M | $12.6M | $14.3M | $13.9M |
| Beneficio Bruto | $5.5M | $4.3M | $5.1M | $4.7M |
| Beneficio Operativo | $445280 | -$1.4M | -$697998 | -$1.1M |
| EBITDA | $896408 | -$844418 | -$17306 | -$989648 |
| Beneficio Neto | $415401 | -$1.3M | -$351274 | -$1.0M |
| BPA | $0.00 | $-0.01 | $-0.00 | $-0.01 |
| BPA Diluido | $0.00 | $-0.01 | $-0.00 | $-0.01 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $17234 | $255 | $102 | $1.3M | $2.4M | $2.0M | $4.6M | $1.8M | $12.0M | $14.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1620 | 0 | 0 | $1.8M | $1.5M | $6.0M | $5.5M | $7.0M | $5.8M | $8.8M |
| Inventario | $107250 | $106150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $126104 | $106405 | $102 | $3.1M | $4.0M | $8.2M | $10.7M | $9.5M | $18.9M | $24.6M |
| Inmovilizado Material | $1888 | $1298 | 0 | $5077 | $5763 | $278482 | $208874 | $923313 | $1.2M | $1.0M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | $4.1M | $14.1M | $15.5M | $10.7M | $10.7M | $10.7M |
| Activos Intangibles | 0 | 0 | 0 | 0 | $2.5M | $7.6M | $6.6M | $9.0M | $6.8M | $5.4M |
| Activos Totales | $746873 | $107703 | $102 | $11.2M | $10.6M | $30.8M | $33.0M | $30.1M | $37.8M | $47.6M |
| Cuentas por Pagar | 0 | $11818 | $88540 | $809686 | $234219 | $1.4M | $1.6M | $784965 | $1.1M | $1.9M |
| Deuda a Corto | $378064 | $276052 | $302753 | $60298 | 0 | $1.3M | $2.3M | $2.9M | $3.4M | $400000 |
| Pasivos Corrientes | $472104 | $549584 | $620048 | $1.5M | $1.1M | $5.1M | $7.8M | $8.0M | $9.8M | $5.6M |
| Deuda a Largo | $223152 | $296698 | $294773 | $4.2M | $5.9M | $10.3M | $7.7M | $8.4M | $7.0M | 0 |
| Pasivos Totales | $695256 | $846282 | $914821 | $7.5M | $8.0M | $15.4M | $15.5M | $17.2M | $17.7M | $11.9M |
| Reservas | -$1.5M | -$3.2M | -$3.6M | -$819803 | -$3.5M | -$11.1M | -$26.1M | -$44.0M | -$54.1M | -$56.6M |
| Patrimonio Neto | $51617 | -$738579 | -$914719 | $3.8M | $2.6M | $15.3M | $17.5M | $12.9M | $20.2M | $35.8M |
| Deuda Total | $601216 | $572750 | $597526 | $4.3M | $5.9M | $11.7M | $10.1M | $12.0M | $11.5M | $1.2M |
| Deuda Neta | $583982 | $572495 | $597424 | $3.0M | $3.5M | $9.7M | $5.5M | $10.1M | -$513968 | -$13.7M |
| Capital Circulante | -$346000 | -$443179 | -$619946 | $1.6M | $2.9M | $3.1M | $2.9M | $1.5M | $9.1M | $19.0M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $17.8M | $14.9M | $15.8M | $16.9M |
| Activos Totales | $46.3M | $47.6M | $41.8M | $41.8M |
| Pasivos Totales | $9.5M | $11.9M | $5.7M | $5.9M |
| Patrimonio Neto | $36.7M | $35.8M | $36.1M | $35.9M |
| Deuda Total | $3.3M | $1.2M | $738261 | $958908 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$712679 | -$1.7M | -$461428 | -$819803 | -$2.7M | -$7.5M | -$14.9M | -$17.8M | -$10.0M | -$2.4M |
| Amortizaciones | $46933 | -$81150 | $10942 | $155795 | $1.8M | $1.9M | $2.0M | $2.5M | $2.2M | $1.5M |
| Compensación en Acciones | 0 | 0 | 0 | 0 | $937049 | $6.9M | $8.8M | $7.5M | $5.4M | $2.5M |
| Cambio en Capital Circulante | -$61580 | $181789 | $149914 | $370988 | $481956 | -$1.4M | $1.2M | -$1.2M | $1.4M | -$3.2M |
| Flujo de Caja Operativo | -$271917 | -$1.6M | -$300572 | -$217559 | $1.0M | -$1.4M | $990163 | -$2.3M | $1.1M | -$1.9M |
| Inversiones (CapEx) | -$2113 | 0 | -$10500 | -$1391 | -$5450 | -$10218 | -$89282 | -$18271 | -$3317 | -$151741 |
| Adquisiciones | 0 | 0 | $857 | -$4.3M | 0 | $453480 | -$250000 | -$10739 | $224673 | $92218 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | -$12290 | -$100516 | -$118152 | -$119277 | -$107442 |
| Flujo de Caja Libre | -$274030 | -$1.6M | -$311072 | -$218950 | $1.0M | -$1.4M | $900881 | -$2.3M | $1.1M | -$2.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $1.0M | -$661679 | $1.3M | $1.1M |
| Inversiones (CapEx) | -$44698 | -$248969 | -$9726 | $9726 |
| Flujo de Caja Libre | $957026 | -$910648 | $1.3M | $1.1M |
| Dividendos Pagados | -$26819 | -$26819 | -$26819 | -$26820 |
| Compensación en Acciones | $284116 | $3.1M | $767937 | $756383 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -100.0% | | | +1074.2% | +87.9% | +68.3% | +7.2% | -1.1% | +18.1% |
| Crecimiento Beneficio Neto (anual) | | -135.5% | +72.5% | -77.9% | -230.2% | -178.7% | -97.6% | -19.4% | +43.9% | +76.0% |
| Crecimiento BPA (anual) | | -130.8% | +74.1% | +28.4% | -223.7% | -127.8% | -34.1% | +30.9% | +52.6% | +85.0% |
| Cambio en Acciones (anual) | | +0.0% | +6.0% | +148.0% | +2.9% | +20.4% | +50.4% | +71.8% | +17.2% | +71.3% |
| Crecimiento FCF (anual) | | -476.1% | +80.3% | +29.6% | +557.0% | -235.9% | +166.2% | -353.4% | +148.9% | -288.0% |
| Margen Bruto | -1891.3% | | | 24.6% | 46.3% | 44.2% | 41.7% | 41.3% | 40.8% | 36.6% |
| Margen Operativo | -28125.0% | | | -74.0% | -11.0% | -30.8% | -23.6% | -36.8% | -16.2% | -5.3% |
| Margen EBITDA | -26166.7% | | | -60.3% | 2.7% | -23.1% | -19.1% | -29.4% | -14.6% | -0.5% |
| Margen Neto | -29708.3% | | | -72.2% | -20.3% | -30.1% | -35.3% | -39.3% | -22.3% | -4.5% |
| Margen FCF | -11417.9% | | | -19.3% | 7.5% | -5.4% | 2.1% | -5.0% | 2.5% | -4.0% |
| Tasa Impositiva Efectiva | 0.0% | -0.0% | -0.0% | 24.8% | 28.1% | 26.0% | -5.8% | 6.6% | -0.7% | -9.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.05 | $-0.28 | $-0.05 | $-0.01 | $0.07 | $-0.07 | $0.03 | $-0.05 | $0.02 | $-0.02 |
| 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) | $5.6M | $5.6M | $5.9M | $14.7M | $15.2M | $18.2M | $27.5M | $47.2M | $55.3M | $94.7M |
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 | -6.32% |
| Rentabilidad sobre capital invertido | -7.43% |
| Rentabilidad sobre activos | -5.46% |
| Margen bruto | 35.30% |
| Margen operativo | -4.95% |
| Margen neto | -4.13% |
Salud financiera
| Deuda / Patrimonio | 0.03 |
| Ratio corriente | 4.71 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 4.05 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -9.23 | -4.00 | -15.46 | -21.58 | -6.67 | -2.93 | -2.29 | -0.78 | -11.11 | -33.45 |
| P/VC | 130.35 | -9.11 | -7.80 | 4.70 | 6.98 | 1.43 | 1.97 | 1.09 | 5.48 | 2.39 |
| P/V | 2803.50 | 0.00 | 0.00 | 15.58 | 1.36 | 0.87 | 0.82 | 0.31 | 2.47 | 1.62 |
| Margen Bruto | -1891.3% | 0.0% | 0.0% | 24.6% | 46.3% | 44.2% | 41.7% | 41.3% | 40.8% | 36.6% |
| Margen Operativo | -28125.0% | 0.0% | 0.0% | -74.0% | -11.0% | -30.8% | -23.6% | -36.8% | -16.2% | -5.3% |
| Margen Neto | -29708.3% | 0.0% | 0.0% | -72.2% | -20.3% | -30.1% | -35.3% | -39.3% | -22.3% | -4.5% |