Estados financieros detallados de Currenc Group, Inc. (CURR): 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
Currenc Group, Inc. registró ingresos de $37.8M en el último ejercicio fiscal, con un CAGR de 5 años del -9.3%.
Márgenes de los últimos 12 meses: margen bruto 40.8%, margen operativo -21.0%, margen neto -48.7%.
Al precio actual de $3.21, CURR presenta beneficios negativos (P/E no significativo) y un ROE del 56.39%. La capitalización bursátil es de $360M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $84165 | $180404 | $583941 | $623000 | $61.6M | $57.5M | $55.5M | $53.3M | $46.4M | $37.8M |
| Coste de Ventas | $153330 | $180629 | $279924 | $231000 | $45.6M | $39.6M | $39.9M | $35.9M | $31.8M | $22.4M |
| Beneficio Bruto | -$69165 | -$225 | $304017 | $392000 | $16.0M | $17.9M | $15.6M | $17.4M | $14.6M | $15.4M |
| I+D | $753369 | $1.4M | $1.4M | $2.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $3.1M | $5.9M | $6.5M | $10.1M | $16.4M | $17.9M | $25.6M | $24.0M | $42.0M | $23.4M |
| Gastos Operativos | $3.9M | $7.3M | $7.9M | $12.4M | $16.4M | $17.9M | $25.6M | $24.0M | $42.0M | $23.4M |
| Beneficio Operativo | -$3.9M | -$7.3M | -$7.6M | -$12.0M | -$405981 | $39722 | -$10.0M | -$6.6M | -$27.4M | -$7.9M |
| EBITDA | -$3.9M | -$7.1M | -$7.3M | -$13.5M | $6.9M | $5.4M | -$3.0M | -$1.9M | -$26.5M | -$13.0M |
| Gastos por Intereses | $121572 | $1.6M | $3.0M | $4.1M | $4.7M | $11.5M | $8.2M | $8.0M | $8.5M | $3.1M |
| Beneficio Antes de Impuestos | -$4.2M | -$8.2M | -$10.4M | -$21.4M | -$3.6M | -$12.1M | -$15.6M | -$13.9M | -$38.2M | -$18.4M |
| Impuestos | $14795 | $1.6M | -$30472 | $3.5M | $1.5M | $753703 | $113782 | $523481 | $578303 | $148934 |
| Beneficio Neto | -$4.2M | -$8.1M | -$10.4M | -$24.9M | -$6.7M | -$14.8M | -$16.7M | -$15.3M | -$39.5M | -$18.4M |
| BPA | $-0.18 | $-0.34 | $-0.42 | $-0.72 | $-0.50 | $-0.33 | $-0.09 | $-0.21 | $-1.03 | $-0.30 |
| BPA Diluido | $-0.18 | $-0.34 | $-0.42 | $-0.72 | $-0.50 | $-0.33 | $-0.09 | $-0.21 | $-1.03 | $-0.30 |
| Acciones en Circulación (Diluidas) | $23.3M | $23.6M | $25.0M | $34.5M | $47.3M | $47.2M | $71.4M | $73.7M | $38.2M | $61.5M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 |
|---|
| Ingresos | $10.1M | $8.7M | $10.4M | $8.7M |
| Beneficio Bruto | $3.2M | $3.2M | $5.3M | $3.7M |
| Beneficio Operativo | -$4.3M | -$4.3M | $4.8M | -$4.0M |
| EBITDA | -$2.8M | -$3.4M | $5.3M | -$10.5M |
| Beneficio Neto | -$4.7M | -$4.7M | $2.9M | -$12.0M |
| BPA | $-0.13 | $-0.10 | $0.05 | $-0.16 |
| BPA Diluido | $-0.13 | $-0.10 | $0.05 | $-0.16 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.1M | $108249 | $500962 | $4.1M | $61.1M | $62.8M | $62.8M | $48.5M | $63.8M | $75.2M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | $2.0M | $2.1M | $2.0M | $300000 | 0 | $3.4M |
| Cuentas por Cobrar | $7049 | $4364 | $102799 | $142000 | $20.1M | $25.6M | $39.7M | $43.2M | $20.4M | $19.5M |
| Inventario | $81285 | $44996 | $37776 | $156000 | $1.7M | $1.3M | $877982 | $732911 | $587839 | $601946 |
| Activos Corrientes | $1.4M | $744497 | $1.6M | $6.2M | $98.1M | $102.5M | $121.2M | $103.4M | $91.3M | $101.0M |
| Inmovilizado Material | $370648 | $337361 | $299910 | $704000 | $2.5M | $1.5M | $1.7M | $1.2M | $1.4M | $1.2M |
| Fondo de Comercio | 0 | 0 | 0 | $9.2M | $19.6M | $19.2M | $27.0M | $27.0M | $12.1M | $9.7M |
| Activos Intangibles | $894510 | $900472 | $1.2M | $16.1M | $14.6M | $13.4M | $9.8M | $9.2M | $3.4M | $1.8M |
| Activos Totales | $2.8M | $2.1M | $3.4M | $32.5M | $135.3M | $136.8M | $160.6M | $141.5M | $108.5M | $114.1M |
| Cuentas por Pagar | $265386 | $544980 | $774387 | $1.3M | $7353 | $10848 | $17871 | $10541 | $13701 | $10943 |
| Deuda a Corto | $92730 | $800000 | $920000 | $738000 | $31.4M | $5.5M | $24.3M | $29.3M | $22.2M | $12.2M |
| Pasivos Corrientes | $558039 | $3.5M | $8.6M | $11.8M | $132.9M | $124.0M | $172.7M | $173.9M | $149.1M | $90.3M |
| Deuda a Largo | 0 | 0 | 0 | $52000 | $2.5M | $18.9M | $7.9M | $2.5M | 0 | $4.6M |
| Pasivos Totales | $1.1M | $4.1M | $8.6M | $19.0M | $137.9M | $144.9M | $182.4M | $177.7M | $150.2M | $95.4M |
| Reservas | -$10.7M | -$18.9M | -$29.3M | -$50.6M | -$45.2M | -$60.1M | -$76.8M | -$92.1M | -$131.5M | -$150.0M |
| Patrimonio Neto | $1.7M | -$2.0M | -$5.2M | $13.5M | -$22.6M | -$30.8M | -$47.5M | -$62.8M | -$66.0M | -$5.7M |
| Deuda Total | $92730 | $2.4M | $6.3M | $790000 | $34.0M | $24.5M | $32.4M | $31.9M | $22.5M | $17.0M |
| Deuda Neta | -$1.0M | $2.3M | $5.8M | -$3.3M | -$29.1M | -$40.3M | -$32.4M | -$16.9M | -$41.3M | -$61.7M |
| Capital Circulante | $860316 | -$2.8M | -$7.0M | -$5.6M | -$34.8M | -$21.5M | -$51.4M | -$70.5M | -$57.9M | $10.8M |
Balance (Trimestral)
| Año | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 |
|---|
| Caja y Equivalentes | $62.3M | $59.6M | $50.7M | $75.2M |
| Activos Totales | $110.8M | $94.5M | $86.9M | $114.1M |
| Pasivos Totales | $154.7M | $127.4M | $62.2M | $95.4M |
| Patrimonio Neto | -$68.4M | -$57.0M | $286381 | -$5.7M |
| Deuda Total | $22.6M | $20.9M | $14.4M | $17.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$4.2M | -$8.1M | -$10.4M | -$21.4M | -$30.6M | -$12.9M | -$25.5M | -$14.4M | -$39.5M | -$18.5M |
| Amortizaciones | $172608 | $164596 | $149803 | $579000 | $939000 | $6.0M | $1.6M | $4.0M | $2.9M | $2.2M |
| Compensación en Acciones | 0 | $2.3M | $2.5M | $4.1M | $3.4M | 0 | $1.6M | 0 | $20.9M | $4.0M |
| Cambio en Capital Circulante | -$303213 | $543485 | $766861 | -$1.7M | -$427000 | $19.6M | $1.7M | -$6.1M | $18.7M | $10.9M |
| Flujo de Caja Operativo | -$3.5M | -$3.6M | -$4.1M | -$8.1M | -$9.7M | $12.1M | -$10.1M | -$15.3M | $3.5M | $7.9M |
| Inversiones (CapEx) | -$168056 | -$149622 | -$137791 | -$458000 | -$688000 | -$405880 | -$1000 | -$291856 | -$576674 | -$479034 |
| Adquisiciones | 0 | $65702 | 0 | $8.2M | $1.1M | 0 | -$53000 | 0 | $11640 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | -$1.9M | 0 | 0 | 0 |
| Flujo de Caja Libre | -$3.7M | -$3.7M | -$4.2M | -$8.6M | -$10.4M | $11.7M | -$10.1M | -$15.6M | $2.9M | $7.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 |
|---|
| Flujo de Caja Operativo | -$1.5M | -$2.2M | -$8.8M | $20.3M |
| Inversiones (CapEx) | -$175158 | -$125435 | $300591 | -$479034 |
| Flujo de Caja Libre | -$1.7M | -$2.3M | -$8.5M | $19.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $2.2M | $2.2M | 0 | $767721 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +114.3% | +223.7% | +6.7% | +9782.0% | -6.6% | -3.5% | -4.0% | -12.8% | -18.6% |
| Crecimiento Beneficio Neto (anual) | | -96.0% | -27.6% | -139.4% | +73.0% | -120.8% | -12.3% | +8.2% | -157.9% | +53.3% |
| Crecimiento BPA (anual) | | -88.9% | -23.5% | -71.4% | +30.6% | +34.0% | +72.8% | -134.1% | -390.5% | +70.9% |
| Cambio en Acciones (anual) | | +1.4% | +5.7% | +38.2% | +37.0% | -0.2% | +51.3% | +3.2% | -48.2% | +61.1% |
| Crecimiento FCF (anual) | | -0.6% | -14.3% | -102.0% | -21.6% | +212.1% | -186.3% | -54.6% | +118.4% | +157.0% |
| Margen Bruto | -82.2% | -0.1% | 52.1% | 62.9% | 26.0% | 31.1% | 28.1% | 32.6% | 31.4% | 40.8% |
| Margen Operativo | -4664.9% | -4069.8% | -1294.3% | -1931.8% | -0.7% | 0.1% | -18.0% | -12.5% | -59.0% | -21.0% |
| Margen EBITDA | -4586.2% | -3961.5% | -1246.3% | -2160.7% | 11.2% | 9.4% | -5.4% | -3.6% | -57.1% | -34.4% |
| Margen Neto | -4939.7% | -4517.6% | -1781.1% | -3996.6% | -10.9% | -25.8% | -30.1% | -28.7% | -85.0% | -48.7% |
| Margen FCF | -4377.7% | -2053.9% | -725.6% | -1374.0% | -16.9% | 20.3% | -18.2% | -29.3% | 6.2% | 19.5% |
| Tasa Impositiva Efectiva | -0.4% | -19.6% | 0.3% | -16.5% | -41.8% | -6.2% | -0.7% | -3.8% | -1.5% | -0.8% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.16 | $-0.16 | $-0.17 | $-0.25 | $-0.22 | $0.25 | $-0.14 | $-0.21 | $0.08 | $0.12 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $23.3M | $23.6M | $25.0M | $34.5M | $47.3M | $47.2M | $71.4M | $73.7M | $38.2M | $61.5M |
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 | 56.39% |
| Rentabilidad sobre capital invertido | -21.94% |
| Rentabilidad sobre activos | -16.16% |
| Margen bruto | 40.77% |
| Margen operativo | -20.99% |
| Margen neto | -48.74% |
Salud financiera
| Deuda / Patrimonio | -2.99 |
| Ratio corriente | 1.12 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -11.39 | -4.71 | -3.57 | -4.17 | -2.60 | -1.09 | -1.75 | -0.52 | -1.75 | -5.97 |
| P/VC | 27.86 | -18.58 | -7.25 | 7.67 | -2.72 | -0.55 | -0.24 | -0.13 | -1.04 | -19.41 |
| P/V | 568.33 | 209.75 | 64.22 | 166.33 | 1.00 | 0.30 | 0.20 | 0.15 | 1.48 | 2.91 |
| Margen Bruto | -82.2% | -0.1% | 52.1% | 62.9% | 26.0% | 31.1% | 28.1% | 32.6% | 31.4% | 40.8% |
| Margen Operativo | -4664.9% | -4069.8% | -1294.3% | -1931.8% | -0.7% | 0.1% | -18.0% | -12.5% | -59.0% | -21.0% |
| Margen Neto | -4939.7% | -4517.6% | -1781.1% | -3996.6% | -10.9% | -25.8% | -30.1% | -28.7% | -85.0% | -48.7% |