Estados financieros detallados de Teads Holding Co. (TEAD): 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
Teads Holding Co. registró ingresos de $1.30B en el último ejercicio fiscal, con un CAGR de 5 años del 11.1%.
Márgenes de los últimos 12 meses: margen bruto 33.2%, margen operativo -2.3%, margen neto -43.3%.
Al precio actual de $0.46, TEAD presenta beneficios negativos (P/E no significativo) y un ROE del -314.81%. La capitalización bursátil es de $45M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $767.1M | $1.02B | $992.1M | $935.8M | $889.9M | $1.30B |
| Coste de Ventas | $602.1M | $775.4M | $799.4M | $751.0M | $697.8M | $871.4M |
| Beneficio Bruto | $165.1M | $240.3M | $192.7M | $184.8M | $192.1M | $429.1M |
| I+D | $29.0M | $39.2M | $40.3M | $36.4M | $37.1M | $43.6M |
| Generales y Administrativos | $125.9M | $166.5M | $165.9M | $157.0M | $167.7M | $401.5M |
| Gastos Operativos | $154.9M | $205.7M | $206.2M | $193.4M | $204.7M | $445.0M |
| Beneficio Operativo | $10.2M | $34.6M | -$13.5M | -$8.6M | -$12.6M | -$16.0M |
| EBITDA | $27.0M | $12.0M | $16.0M | $42.5M | $24.8M | -$331.1M |
| Gastos por Intereses | $832000 | $7.0M | $7.6M | $5.4M | $3.6M | $75.1M |
| Beneficio Antes de Impuestos | $7.7M | -$14.5M | -$18.6M | $16.4M | $1.7M | -$477.7M |
| Impuestos | $3.3M | -$25.5M | $6.0M | $6.1M | $2.4M | $39.4M |
| Beneficio Neto | $4.4M | $11.0M | -$24.6M | $10.2M | -$711000 | -$517.1M |
| BPA | $0.08 | $0.20 | $-0.44 | $0.20 | $-0.01 | $-5.69 |
| BPA Diluido | $0.08 | $0.20 | $-0.44 | $-0.06 | $-0.10 | $-5.69 |
| Acciones en Circulación (Diluidas) | $53.9M | $53.9M | $55.6M | $57.0M | $52.7M | $90.9M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $318.8M | $352.2M | $266.0M | $284.6M |
| Beneficio Bruto | $105.7M | $120.4M | $83.6M | $95.6M |
| Beneficio Operativo | -$5.6M | $11.8M | -$20.1M | -$14.4M |
| EBITDA | $10.2M | -$328.0M | -$4.9M | $3.1M |
| Beneficio Neto | -$19.7M | -$428.2M | -$38.8M | -$42.5M |
| BPA | $-0.21 | $-4.48 | $-0.40 | $-0.44 |
| BPA Diluido | $-0.21 | $-4.48 | $-0.40 | $-0.44 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $93.6M | $455.4M | $105.6M | $70.9M | $89.1M | $128.2M |
| Inversiones a Corto | 0 | 0 | $166.9M | $94.3M | $77.0M | $10.5M |
| Cuentas por Cobrar | $165.4M | $192.8M | $181.3M | $189.3M | $149.2M | $342.4M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $277.4M | $676.1M | $500.5M | $401.8M | $343.1M | $530.4M |
| Inmovilizado Material | $24.8M | $28.0M | $51.0M | $54.6M | $60.3M | $79.8M |
| Fondo de Comercio | $32.9M | $32.9M | $63.1M | $63.1M | $63.1M | $281.0M |
| Activos Intangibles | $9.8M | $5.7M | $24.6M | $20.4M | $16.9M | $376.6M |
| Activos Totales | $356.5M | $795.9M | $781.1M | $664.6M | $549.2M | $1.33B |
| Cuentas por Pagar | $118.5M | $160.8M | $147.7M | $150.8M | $149.5M | $258.6M |
| Deuda a Corto | $3.9M | 0 | 0 | 0 | 0 | $17.6M |
| Pasivos Corrientes | $256.8M | $288.5M | $300.1M | $297.6M | $289.5M | $484.1M |
| Deuda a Largo | 0 | $236.0M | $236.0M | $118.0M | 0 | $605.1M |
| Pasivos Totales | $273.9M | $539.1M | $563.4M | $441.6M | $317.9M | $1.23B |
| Reservas | -$168.2M | -$157.2M | -$179.0M | -$168.8M | -$169.5M | -$686.6M |
| Patrimonio Neto | $82.6M | $256.8M | $217.8M | $223.1M | $231.3M | $95.4M |
| Deuda Total | $3.9M | $239.1M | $247.7M | $130.9M | $15.8M | $653.5M |
| Deuda Neta | -$89.8M | -$216.3M | -$24.8M | -$34.3M | -$150.3M | $514.8M |
| Capital Circulante | $20.7M | $387.6M | $200.4M | $104.2M | $53.7M | $46.3M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $130.8M | $128.2M | $85.5M | $88.0M |
| Activos Totales | $1.71B | $1.33B | $1.20B | $1.16B |
| Pasivos Totales | $1.19B | $1.23B | $1.15B | $1.15B |
| Patrimonio Neto | $519.3M | $95.4M | $50.3M | $7.4M |
| Deuda Total | $648.4M | $653.5M | $653.4M | $634.9M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $4.4M | $11.0M | -$24.6M | $10.2M | -$711000 | -$517.1M |
| Amortizaciones | $18.5M | $19.5M | $26.9M | $20.7M | $19.5M | $66.7M |
| Compensación en Acciones | 0 | $26.3M | $11.7M | $12.1M | $15.5M | $13.7M |
| Cambio en Capital Circulante | $28.6M | -$16.3M | -$11.3M | -$10.6M | $42.3M | $7.1M |
| Flujo de Caja Operativo | $53.0M | $56.8M | $3.8M | $13.7M | $68.6M | $7.6M |
| Inversiones (CapEx) | -$1.5M | -$20.1M | -$25.9M | -$20.2M | -$17.3M | -$22.8M |
| Adquisiciones | $1.1M | 0 | -$45.2M | -$389000 | -$181000 | -$598.3M |
| Recompra de Acciones | 0 | -$14.2M | -$32.7M | -$18.5M | -$6.6M | -$646000 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $51.5M | $36.7M | -$22.1M | -$6.5M | $51.3M | -$15.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$23.7M | $7.3M | -$34.9M | $9.2M |
| Inversiones (CapEx) | -$5.7M | -$5.9M | -$6.3M | -$5.9M |
| Flujo de Caja Libre | -$29.4M | $1.4M | -$41.1M | $3.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $3.6M | $3.3M | $2.1M | $2.3M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +32.4% | -2.3% | -5.7% | -4.9% | +46.1% |
| Crecimiento Beneficio Neto (anual) | | +152.4% | -323.6% | +141.7% | -106.9% | -72624.3% |
| Crecimiento BPA (anual) | | +147.2% | -320.0% | +145.5% | -107.2% | -39413.9% |
| Cambio en Acciones (anual) | | +0.1% | +3.2% | +2.4% | -7.5% | +72.4% |
| Crecimiento FCF (anual) | | -28.7% | -160.3% | +70.7% | +890.2% | -129.6% |
| Margen Bruto | 21.5% | 23.7% | 19.4% | 19.7% | 21.6% | 33.0% |
| Margen Operativo | 1.3% | 3.4% | -1.4% | -0.9% | -1.4% | -1.2% |
| Margen EBITDA | 3.5% | 1.2% | 1.6% | 4.5% | 2.8% | -25.5% |
| Margen Neto | 0.6% | 1.1% | -2.5% | 1.1% | -0.1% | -39.8% |
| Margen FCF | 6.7% | 3.6% | -2.2% | -0.7% | 5.8% | -1.2% |
| Tasa Impositiva Efectiva | 43.0% | 175.6% | -32.3% | 37.4% | 141.7% | -8.2% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.96 | $0.68 | $-0.40 | $-0.11 | $0.97 | $-0.17 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $53.9M | $53.9M | $55.6M | $50.9M | $49.3M | $90.9M |
Qué mirar en empresas de Communication Services
- 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 | -314.81% |
| Rentabilidad sobre capital invertido | -3.75% |
| Rentabilidad sobre activos | -45.53% |
| Margen bruto | 33.18% |
| Margen operativo | -2.32% |
| Margen neto | -43.32% |
Salud financiera
| Deuda / Patrimonio | 86.35 |
| Ratio corriente | 0.98 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 0.29 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 37.21 | 15.05 | -6.84 | 15.05 | -209.03 | -0.12 |
| P/VC | 1.96 | 0.63 | 0.77 | 0.69 | 0.64 | 0.67 |
| P/V | 0.21 | 0.16 | 0.17 | 0.16 | 0.17 | 0.05 |
| Margen Bruto | 21.5% | 23.7% | 19.4% | 19.7% | 21.6% | 33.0% |
| Margen Operativo | 1.3% | 3.4% | -1.4% | -0.9% | -1.4% | -1.2% |
| Margen Neto | 0.6% | 1.1% | -2.5% | 1.1% | -0.1% | -39.8% |