Estados financieros detallados de Katapult Holdings, Inc. (KPLT): 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
Katapult Holdings, Inc. registró ingresos de $291.8M en el último ejercicio fiscal, con un CAGR de 5 años del 3.4%. El beneficio neto alcanzó $1.4M, con un CAGR a 5 años del -42.9%.
Márgenes de los últimos 12 meses: margen bruto 18.5%, margen operativo 1.5%, margen neto 5.4%.
Al precio actual de $9.30, KPLT cotiza a un P/E de 6.24 y un ROE del -3.58%. La capitalización bursátil es de $44M.
Cuenta de Resultados (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $43.1M | $91.9M | $247.2M | $303.1M | $209.5M | $221.6M | $247.2M | $291.8M |
| Coste de Ventas | $37.6M | $71.2M | $167.4M | $214.1M | $172.1M | $179.9M | $201.4M | $240.2M |
| Beneficio Bruto | $5.5M | $20.7M | $79.8M | $89.0M | $37.4M | $41.7M | $45.8M | $51.6M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $18.6M | $11.1M | $14.1M | $44.2M | $49.9M | $40.4M | $16.1M | $37.3M |
| Gastos Operativos | $24.0M | $30.0M | $42.9M | $59.0M | $65.8M | $60.5M | $53.9M | $51.3M |
| Beneficio Operativo | -$13.1M | -$9.4M | $36.9M | $30.0M | -$28.4M | -$18.8M | -$8.1M | $300000 |
| EBITDA | $12.2M | $36.9M | $148.1M | $182.2M | $95.9M | $137.1M | $161.5M | $215.4M |
| Gastos por Intereses | 0 | $8.6M | $13.6M | $16.5M | $19.3M | $17.8M | $18.9M | $20.6M |
| Beneficio Antes de Impuestos | -$23.5M | -$18.8M | $23.0M | $21.7M | -$40.5M | -$36.5M | -$25.8M | $1.7M |
| Impuestos | 0 | 0 | $487000 | $539000 | -$50000 | $165000 | $143000 | $319000 |
| Beneficio Neto | -$23.5M | -$18.8M | $22.5M | $21.2M | -$40.5M | -$36.7M | -$25.9M | $1.4M |
| BPA | $-73.79 | $-21.44 | $18.26 | $6.50 | $-10.30 | $-8.97 | $-5.96 | $-0.12 |
| BPA Diluido | $-73.79 | $-21.44 | $12.00 | $6.50 | $-10.30 | $-8.97 | $-5.96 | $-0.12 |
| Acciones en Circulación (Diluidas) | $318587 | $1.3M | $1.3M | $3.2M | $3.9M | $4.1M | $4.3M | $4.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $74.0M | $73.9M | $79.0M | $74.8M |
| Beneficio Bruto | $14.6M | $11.5M | $18.2M | $11.5M |
| Beneficio Operativo | $2.5M | -$217000 | $4.3M | -$1.9M |
| EBITDA | $42.2M | $94.8M | $56.1M | $59.4M |
| Beneficio Neto | -$4.9M | $19.8M | $5.7M | -$4.4M |
| BPA | $-0.94 | $3.77 | $0.07 | $-1.41 |
| BPA Diluido | $-0.94 | $3.77 | $0.07 | $-1.41 |
Balance (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.5M | $7.5M | $65.6M | $92.5M | $65.4M | $21.4M | $3.5M | $22.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $1.1M | $924000 | $1.6M | $2.0M | 0 | $5.0M | 0 | 0 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $20.5M | $48.7M | $139.2M | $164.4M | $126.8M | $97.6M | $90.4M | $105.2M |
| Inmovilizado Material | $156000 | $179000 | $330000 | $576000 | $1.3M | $1.2M | $636000 | $502000 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $54000 | $49000 | $188000 | $1.1M | $1.8M | $1.9M | $2.1M | $2.1M |
| Activos Totales | $21.0M | $49.0M | $139.8M | $166.2M | $130.1M | $100.9M | $93.2M | $107.9M |
| Cuentas por Pagar | $1.1M | $920000 | $1.7M | $2.0M | $1.3M | $903000 | $1.5M | $1.9M |
| Deuda a Corto | 0 | $15.8M | 0 | 0 | $25.0M | 0 | $112.6M | $78.7M |
| Pasivos Corrientes | $6.9M | $26.1M | $17.3M | $16.1M | $50.1M | $42.3M | $138.7M | $117.6M |
| Deuda a Largo | $35.8M | $46.9M | $110.7M | $101.9M | $80.7M | $85.8M | 0 | 0 |
| Pasivos Totales | $42.6M | $73.0M | $140.8M | $125.4M | $132.1M | $128.9M | $140.0M | $145.9M |
| Reservas | -$59.3M | -$80.6M | -$58.0M | -$36.8M | -$85.9M | -$122.5M | -$148.5M | -$147.1M |
| Patrimonio Neto | -$21.6M | -$23.9M | -$949000 | $40.8M | -$2.1M | -$28.0M | -$46.8M | -$38.1M |
| Deuda Total | $35.8M | $62.7M | $110.7M | $104.6M | $106.5M | $90.3M | $115.7M | $81.6M |
| Deuda Neta | $34.3M | $55.2M | $45.1M | $12.1M | $41.1M | $68.9M | $112.2M | $59.2M |
| Capital Circulante | $13.7M | $22.6M | $121.9M | $148.3M | $76.7M | $55.3M | -$48.3M | -$12.4M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $3.4M | $22.4M | $22.3M | $18.0M |
| Activos Totales | $85.9M | $107.9M | $104.0M | $102.0M |
| Pasivos Totales | $144.3M | $145.9M | $135.9M | $110.1M |
| Patrimonio Neto | -$58.4M | -$38.1M | -$31.9M | -$36.0M |
| Deuda Total | $112.8M | $81.6M | $75.8M | $74.5M |
Flujo de Caja (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$23.5M | -$18.8M | $22.5M | $21.2M | -$37.9M | -$36.7M | -$25.9M | $1.4M |
| Amortizaciones | $25.3M | $47.1M | $111.4M | $144.0M | $116.7M | $126.9M | $141.0M | $164.5M |
| Compensación en Acciones | $181000 | $315000 | $351000 | $13.0M | $6.4M | $7.0M | $5.8M | $3.7M |
| Cambio en Capital Circulante | -$47.3M | -$93.4M | -$201.8M | -$232.5M | -$155.2M | -$168.6M | -$211.9M | -$234.0M |
| Flujo de Caja Operativo | -$25.5M | -$31.6M | -$2.1M | $2.2M | -$20.8M | -$17.4M | -$32.6M | -$11.9M |
| Inversiones (CapEx) | -$24000 | -$82000 | -$436000 | -$1.4M | -$1.5M | -$974000 | -$54000 | -$34000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$344000 | -$355000 | -$613000 | -$594000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$25.5M | -$31.7M | -$2.6M | $730000 | -$22.4M | -$18.4M | -$32.6M | -$12.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $4.0M | -$12.7M | $12.2M | -$6.1M |
| Inversiones (CapEx) | -$301000 | -$220000 | -$384000 | -$16000 |
| Flujo de Caja Libre | $3.7M | -$12.9M | $11.8M | -$6.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $801000 | $962000 | $546000 | $312000 |
Crecimiento y Márgenes (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +112.9% | +169.1% | +22.6% | -30.9% | +5.8% | +11.6% | +18.0% |
| Crecimiento Beneficio Neto (anual) | | +20.1% | +219.9% | -5.9% | -290.9% | +9.4% | +29.3% | +105.3% |
| Crecimiento BPA (anual) | | +70.9% | +185.2% | -64.4% | -258.5% | +12.9% | +33.6% | +98.0% |
| Cambio en Acciones (anual) | | +300.7% | +0.0% | +152.5% | +21.9% | +4.0% | +6.3% | +9.3% |
| Crecimiento FCF (anual) | | -24.2% | +91.9% | +128.3% | -3162.1% | +17.7% | -77.4% | +63.3% |
| Margen Bruto | 12.8% | 22.5% | 32.3% | 29.4% | 17.9% | 18.8% | 18.5% | 17.7% |
| Margen Operativo | -30.3% | -10.2% | 14.9% | 9.9% | -13.6% | -8.5% | -3.3% | 0.1% |
| Margen EBITDA | 28.3% | 40.1% | 59.9% | 60.1% | 45.8% | 61.9% | 65.3% | 73.8% |
| Margen Neto | -54.5% | -20.5% | 9.1% | 7.0% | -19.3% | -16.5% | -10.5% | 0.5% |
| Margen FCF | -59.1% | -34.5% | -1.0% | 0.2% | -10.7% | -8.3% | -13.2% | -4.1% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | 2.1% | 2.5% | 0.1% | -0.5% | -0.6% | 18.9% |
Datos por Acción (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-80.04 | $-24.80 | $-2.02 | $0.23 | $-5.69 | $-4.50 | $-7.50 | $-2.52 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $318587 | $1.3M | $1.3M | $3.2M | $3.9M | $4.1M | $4.3M | $4.8M |
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 | -3.58% |
| Rentabilidad sobre capital invertido | 0.34% |
| Rentabilidad sobre activos | 1.27% |
| Margen bruto | 18.49% |
| Margen operativo | 1.54% |
| Margen neto | 5.36% |
Salud financiera
| Deuda / Patrimonio | -2.07 |
| Ratio corriente | 0.90 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 1.71 |
Ratios Clave (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -3.30 | -11.37 | 17.11 | 12.96 | -2.32 | -1.21 | -1.14 | -53.83 |
| P/VC | -3.60 | -13.00 | -420.38 | 6.66 | -45.50 | -1.59 | -0.63 | -0.81 |
| P/V | 1.80 | 3.39 | 1.61 | 0.90 | 0.45 | 0.20 | 0.12 | 0.11 |
| Margen Bruto | 12.8% | 22.5% | 32.3% | 29.4% | 17.9% | 18.8% | 18.5% | 17.7% |
| Margen Operativo | -30.3% | -10.2% | 14.9% | 9.9% | -13.6% | -8.5% | -3.3% | 0.1% |
| Margen Neto | -54.5% | -20.5% | 9.1% | 7.0% | -19.3% | -16.5% | -10.5% | 0.5% |