Estados financieros detallados de Ryvyl Inc. (RVYL): 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
Ryvyl Inc. registró ingresos de $11.1M en el último ejercicio fiscal, con un CAGR de 5 años del 5.5%.
Márgenes de los últimos 12 meses: margen bruto 45.1%, margen operativo -153.0%, margen neto -184.2%.
Al precio actual de $3.81, RVYL presenta beneficios negativos (P/E no significativo) y un ROE del -287.01%. La capitalización bursátil es de $2M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $1.7M | $2.1M | $910808 | $10.0M | $8.5M | $26.3M | $32.9M | $65.9M | $56.0M | $11.1M |
| Coste de Ventas | $817297 | $1.1M | $677147 | $11.1M | $4.8M | $10.1M | $16.8M | $40.2M | $33.6M | $5.8M |
| Beneficio Bruto | $898225 | $1.1M | $233661 | -$1.1M | $3.7M | $16.2M | $16.1M | $25.7M | $22.4M | $5.3M |
| I+D | 0 | $110950 | $376871 | $1.3M | $1.4M | $3.9M | $6.3M | $5.8M | $3.8M | $559000 |
| Generales y Administrativos | $784778 | $867722 | $1.6M | $3.3M | $7.4M | $40.7M | $26.8M | $29.7M | $25.9M | $13.8M |
| Gastos Operativos | $784778 | $867722 | $6275 | $4.5M | $8.8M | $45.4M | $54.0M | $38.0M | $43.3M | $14.7M |
| Beneficio Operativo | $113447 | $195746 | $6275 | -$5.6M | -$5.1M | -$29.2M | -$37.8M | -$12.3M | -$20.9M | -$9.4M |
| EBITDA | $127483 | -$333861 | -$1.8M | -$4.5M | -$3.5M | -$29.4M | -$6.1M | -$33.8M | -$20.3M | -$13.3M |
| Gastos por Intereses | $22128 | $33578 | $59573 | $799705 | $1.5M | $4.9M | $22.1M | $16.5M | $3.1M | $1.9M |
| Beneficio Antes de Impuestos | $94881 | $167445 | -$53298 | -$4.7M | -$5.0M | -$35.3M | -$49.2M | -$52.8M | -$25.7M | -$15.7M |
| Impuestos | $37023 | $77974 | -$19112 | 0 | 0 | $4906 | -$8703 | $289000 | $1.1M | $318000 |
| Beneficio Neto | $57858 | $89471 | -$34186 | -$4.7M | -$5.0M | -$35.3M | -$49.2M | -$53.1M | -$26.8M | -$17.5M |
| BPA | $0.84 | $1.24 | $-0.44 | $-61.25 | $-72.10 | $-227.50 | $-378.00 | $-353.85 | $-140.35 | $-29.33 |
| BPA Diluido | $0.84 | $1.24 | $-0.44 | $-61.25 | $-72.10 | $-227.50 | $-378.00 | $-353.85 | $-140.35 | $-29.33 |
| Acciones en Circulación (Diluidas) | $68788 | $72225 | $77448 | $79913 | $85340 | $116309 | $130206 | $150053 | $191262 | $597473 |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $2.8M | $2.8M | $2.5M | $2.3M |
| Beneficio Bruto | $1.4M | $1.3M | $1.1M | $871000 |
| Beneficio Operativo | -$1.8M | -$2.2M | -$3.0M | -$8.9M |
| EBITDA | -$1.9M | -$4.2M | -$3.3M | -$8.9M |
| Beneficio Neto | -$2.0M | -$4.4M | -$3.3M | -$9.6M |
| BPA | $-2.39 | $-4.25 | $-2.67 | $-1.24 |
| BPA Diluido | $-2.39 | $-4.25 | $-2.67 | $-1.24 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $32761 | $90282 | $284978 | 0 | 0 | $89.0M | $14.0M | $12.2M | $2.6M | $7.4M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $1.5M |
| Cuentas por Cobrar | $29608 | 0 | $49998 | $70257 | $10.1M | $6.7M | $8.6M | $13.7M | $1.2M | $1.1M |
| Inventario | 0 | -$3339 | -$952909 | 0 | 0 | $286360 | $302037 | 0 | 0 | 0 |
| Activos Corrientes | $62369 | $111163 | $749775 | $12.1M | $12.0M | $96.6M | $59.2M | $89.9M | $95.4M | $11.1M |
| Inmovilizado Material | $60675 | $78763 | $30715 | $296130 | $175059 | $3.1M | $3.2M | $4.6M | $3.6M | $1.4M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | $6.5M | $26.8M | $26.8M | $18.9M | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | $7.6M | $6.7M | $5.1M | $1.8M | $255000 |
| Activos Totales | $123044 | $189926 | $749775 | $12.4M | $12.3M | $114.0M | $97.7M | $128.7M | $122.3M | $13.1M |
| Cuentas por Pagar | $69957 | $31980 | $127029 | $504505 | $10.4M | $2.8M | $30.5M | $1.8M | $3.5M | $2.7M |
| Deuda a Corto | $610952 | 0 | $846500 | $1.5M | $1.1M | $18.7M | $14446 | 0 | 0 | 0 |
| Pasivos Corrientes | $111196 | $685751 | $659342 | $17.6M | $11.7M | $24.2M | $36.7M | $85.5M | $103.5M | $10.0M |
| Deuda a Largo | $610952 | $28560 | $75000 | 0 | $149900 | $59.3M | $61.7M | $15.9M | $17.4M | $613000 |
| Pasivos Totales | $736900 | $714311 | $919059 | $17.7M | $11.9M | $84.6M | $99.6M | $105.2M | $123.8M | $12.4M |
| Reservas | $273971 | $363442 | $329256 | -$6.7M | -$11.7M | -$50.5M | -$99.8M | -$152.6M | -$179.4M | -$196.9M |
| Patrimonio Neto | -$613856 | -$524385 | -$169284 | -$5.4M | $385236 | $29.5M | -$1.9M | $23.5M | -$1.5M | $668000 |
| Deuda Total | $630609 | $244703 | $644150 | $1.8M | $1.4M | $79.6M | $63.4M | $20.3M | $21.1M | $3.1M |
| Deuda Neta | $597848 | $154421 | $359172 | $1.8M | $1.4M | -$9.5M | $49.4M | $8.1M | $18.5M | -$5.8M |
| Capital Circulante | -$48827 | -$574588 | $90433 | -$5.5M | $278441 | $72.3M | $22.5M | $4.3M | -$8.2M | $1.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $1.2M | $7.4M | $5.5M | $492000 |
| Activos Totales | $23.4M | $13.1M | $9.9M | $44.1M |
| Pasivos Totales | $26.6M | $12.4M | $10.9M | $13.7M |
| Patrimonio Neto | -$3.2M | $668000 | -$972000 | $30.3M |
| Deuda Total | $2.6M | $3.1M | $2.1M | $1.9M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $57858 | $89471 | -$53298 | -$4.7M | -$5.0M | -$35.3M | -$49.2M | -$53.1M | -$26.8M | -$17.5M |
| Amortizaciones | $10474 | $11086 | $6608 | $14019 | $15876 | $951232 | $21.0M | $2.6M | $2.3M | $493000 |
| Compensación en Acciones | 0 | 0 | 0 | $86500 | $3.0M | $3.7M | $3.0M | $1.9M | $624000 | $889000 |
| Cambio en Capital Circulante | -$126107 | $372044 | $8917 | $3.2M | -$3.5M | -$21.6M | $10.7M | $51.0M | $30.6M | -$18.0M |
| Flujo de Caja Operativo | -$57775 | $467324 | $92464 | -$156744 | -$4.2M | -$27.2M | -$9.3M | $33.2M | $21.2M | -$23.0M |
| Inversiones (CapEx) | -$3655 | -$7239 | -$31253 | -$49795 | -$6649 | -$158855 | -$162341 | -$108000 | -$47000 | -$79000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | -$2.5M | -$47.5M | -$225000 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | -$10.6M | -$4.1M | 0 | -$229000 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$61430 | $460085 | $61211 | -$206539 | -$4.2M | -$27.3M | -$9.5M | $33.1M | $21.1M | -$23.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$3.1M | -$16.8M | -$2.1M | -$3.1M |
| Inversiones (CapEx) | -$89000 | -$2.5M | 0 | 0 |
| Flujo de Caja Libre | -$3.1M | -$19.3M | -$2.1M | -$3.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $133000 | $260000 | $376000 | $41000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +24.4% | -57.3% | +998.2% | -14.8% | +208.6% | +25.1% | +100.2% | -15.0% | -80.1% |
| Crecimiento Beneficio Neto (anual) | | +54.6% | -138.2% | -13603.2% | -6.9% | -604.5% | -39.6% | -7.9% | +49.5% | +34.7% |
| Crecimiento BPA (anual) | | +47.5% | -135.6% | -13788.9% | -17.7% | -215.5% | -66.2% | +6.4% | +60.3% | +79.1% |
| Cambio en Acciones (anual) | | +5.0% | +7.2% | +3.2% | +6.8% | +36.3% | +11.9% | +15.2% | +27.5% | +212.4% |
| Crecimiento FCF (anual) | | +849.0% | -86.7% | -437.4% | -1917.7% | -555.7% | +65.2% | +447.7% | -36.0% | -209.3% |
| Margen Bruto | 52.4% | 49.8% | 25.7% | -10.9% | 43.4% | 61.7% | 49.0% | 39.0% | 40.0% | 47.7% |
| Margen Operativo | 6.6% | 9.2% | 0.7% | -56.1% | -59.9% | -111.0% | -115.0% | -18.7% | -37.3% | -84.6% |
| Margen EBITDA | 7.4% | -15.6% | -195.4% | -44.7% | -40.8% | -111.9% | -18.6% | -51.3% | -36.3% | -119.5% |
| Margen Neto | 3.4% | 4.2% | -3.8% | -46.8% | -58.7% | -134.1% | -149.6% | -80.6% | -47.9% | -157.5% |
| Margen FCF | -3.6% | 21.6% | 6.7% | -2.1% | -48.9% | -103.9% | -28.9% | 50.2% | 37.8% | -207.7% |
| Tasa Impositiva Efectiva | 39.0% | 46.6% | 35.9% | -0.0% | -0.0% | -0.0% | 0.0% | -0.5% | -4.4% | -2.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.89 | $6.37 | $0.79 | $-2.58 | $-48.83 | $-234.93 | $-73.01 | $220.28 | $110.55 | $-38.70 |
| 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) | $68788 | $72225 | $77448 | $79913 | $85340 | $116309 | $130206 | $150053 | $191262 | $597473 |
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 | -287.01% |
| Rentabilidad sobre capital invertido | -47.35% |
| Rentabilidad sobre activos | -43.64% |
| Margen bruto | 45.12% |
| Margen operativo | -153.03% |
| Margen neto | -184.17% |
Salud financiera
| Deuda / Patrimonio | 0.06 |
| Ratio corriente | 1.37 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 50.00 | 50.85 | -1619.05 | -3.43 | -31.75 | -6.46 | -0.43 | -0.41 | -0.32 | -0.19 |
| P/VC | -4.71 | -8.68 | -326.66 | -3.13 | 507.07 | 5.80 | -10.90 | 0.93 | -5.83 | 5.07 |
| P/V | 1.68 | 2.13 | 60.71 | 1.68 | 22.91 | 6.50 | 0.64 | 0.33 | 0.16 | 0.30 |
| Margen Bruto | 52.4% | 49.8% | 25.7% | -10.9% | 43.4% | 61.7% | 49.0% | 39.0% | 40.0% | 47.7% |
| Margen Operativo | 6.6% | 9.2% | 0.7% | -56.1% | -59.9% | -111.0% | -115.0% | -18.7% | -37.3% | -84.6% |
| Margen Neto | 3.4% | 4.2% | -3.8% | -46.8% | -58.7% | -134.1% | -149.6% | -80.6% | -47.9% | -157.5% |