Estados financieros detallados de Kartoon Studios Inc. (TOON): 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
Kartoon Studios Inc. registró ingresos de $39.4M en el último ejercicio fiscal, con un CAGR de 5 años del 73.8%.
Márgenes de los últimos 12 meses: margen bruto -235.8%, margen operativo -5.7%, margen neto 147.7%.
Al precio actual de $0.56, TOON cotiza a un P/E de 7.22 y un ROE del 32.16%. La capitalización bursátil es de $33M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $866875 | $5.3M | $993452 | $5.9M | $2.5M | $7.9M | $62.3M | $44.1M | $32.6M | $39.4M |
| Coste de Ventas | $421904 | $4.4M | $1.6M | $4.6M | $2.1M | $22.0M | $49.4M | $40.4M | $23.1M | $26.8M |
| Beneficio Bruto | $444971 | $952385 | -$631579 | $1.3M | $359000 | -$14.1M | $12.9M | $3.7M | $9.5M | $12.5M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $6.9M | $5.9M | $5.7M | $7.8M | $18.2M | $41.4M | $47.7M | $38.0M | $26.5M | $24.7M |
| Gastos Operativos | $6.9M | $5.9M | $5.6M | $7.8M | $18.2M | $49.6M | $56.7M | $76.1M | $26.5M | $24.7M |
| Beneficio Operativo | -$6.5M | -$4.9M | -$6.3M | -$6.5M | -$17.9M | -$63.8M | -$43.7M | -$72.4M | -$17.0M | -$12.1M |
| EBITDA | -$5.9M | -$2.2M | -$6.8M | -$8.1M | -$399.1M | -$124.1M | -$31.1M | -$68.9M | -$15.7M | -$19.6M |
| Gastos por Intereses | $11178 | $3227 | $1.0M | $807205 | $1.2M | $20000 | $2.4M | $3.3M | $866000 | $678000 |
| Beneficio Antes de Impuestos | -$6.2M | -$4.9M | -$9.0M | -$11.5M | -$401.7M | -$126.4M | -$44.4M | -$78.2M | -$21.0M | -$24.8M |
| Impuestos | $5 | 0 | -$2 | 0 | 0 | 0 | $105000 | -$973000 | -$43000 | -$135000 |
| Beneficio Neto | -$6.2M | -$4.9M | -$9.0M | -$11.5M | -$401.7M | -$126.3M | -$45.6M | -$77.1M | -$20.7M | -$24.5M |
| BPA | $-15.87 | $-8.07 | $-10.28 | $-9.64 | $-28.20 | $-4.24 | $-1.45 | $-2.29 | $-0.54 | $-0.49 |
| BPA Diluido | $-15.87 | $-8.07 | $-10.28 | $-9.64 | $-28.20 | $-4.24 | $-1.45 | $-2.29 | $-0.54 | $-0.49 |
| Acciones en Circulación (Diluidas) | $391517 | $608473 | $875869 | $1.2M | $14.2M | $29.8M | $31.4M | $33.7M | $38.4M | $50.2M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $9.9M | $9.7M | -$18.7M | $5.8M |
| Beneficio Bruto | $3.0M | $4.5M | -$24.4M | $1.2M |
| Beneficio Operativo | -$2.9M | -$3.0M | -$28.8M | -$3.4M |
| EBITDA | -$5.4M | -$3.6M | -$4.9M | $27.7M |
| Beneficio Neto | -$6.6M | -$5.3M | -$6.4M | $28.1M |
| BPA | $-0.14 | $-0.10 | $-0.10 | $0.41 |
| BPA Diluido | $-0.14 | $-0.10 | $-0.10 | $0.38 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $2.9M | $7.5M | $2.7M | $305121 | $100.5M | $2.1M | $7.4M | $3.6M | $7.9M | $2.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | $112.5M | $83.7M | $11.9M | $2.0M | $4.0M |
| Cuentas por Cobrar | $122910 | $3.1M | $2.2M | $4.1M | $1.7M | $9.9M | $45.8M | $38.9M | $23.6M | $28.0M |
| Inventario | $6562 | $17589 | $15816 | $9277 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $3.4M | $10.8M | $5.6M | $4.6M | $108.6M | $136.2M | $139.5M | $55.7M | $34.7M | $35.8M |
| Inmovilizado Material | $90461 | $94666 | $75634 | $4.1M | $2.1M | $3.2M | $13.2M | $10.8M | $8.2M | $7.1M |
| Fondo de Comercio | $10.4M | $10.4M | $10.4M | $10.4M | $10.4M | $15.2M | $33.5M | 0 | 0 | 0 |
| Activos Intangibles | $1.8M | $1.9M | $89988 | $10.0M | $11.9M | $12.7M | $36.9M | $24.3M | $22.3M | $17.6M |
| Activos Totales | $18.0M | $27.7M | $24.6M | $29.4M | $134.2M | $174.1M | $239.6M | $111.4M | $85.5M | $70.9M |
| Cuentas por Pagar | $648638 | $453201 | $285563 | $946450 | $786000 | $7.2M | $11.4M | $16.9M | $12.0M | $12.1M |
| Deuda a Corto | 0 | 0 | $1.8M | $2.4M | $366000 | $6.4M | $80.8M | $19.0M | $10.1M | $11.8M |
| Pasivos Corrientes | $3.9M | $2.8M | $4.6M | $8.3M | $7.2M | $21.1M | $110.9M | $45.6M | $33.4M | $33.5M |
| Deuda a Largo | $1.3M | $4.3M | $2.2M | $3.1M | $1.1M | $82000 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $8.0M | $12.7M | $11.8M | $20.3M | $15.0M | $29.4M | $126.7M | $58.2M | $49.0M | $43.4M |
| Reservas | -$36.6M | -$41.6M | -$50.7M | -$66.0M | -$469.6M | -$595.8M | -$641.4M | -$718.5M | -$739.3M | -$763.8M |
| Patrimonio Neto | $10.1M | $15.0M | $12.8M | $9.1M | $119.2M | $142.7M | $111.1M | $51.6M | $35.0M | $26.2M |
| Deuda Total | $1.3M | $4.3M | $4.0M | $9.6M | $3.7M | $9.6M | $92.4M | $28.7M | $16.8M | $17.7M |
| Deuda Neta | -$1.6M | -$3.2M | $1.3M | $9.3M | -$96.8M | -$105.0M | $1.2M | $13.2M | $6.9M | $10.8M |
| Capital Circulante | -$479404 | $8.0M | $971663 | -$3.7M | $101.4M | $115.1M | $28.6M | $10.0M | $1.2M | $2.3M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $916000 | $2.9M | $5.0M | $7.7M |
| Activos Totales | $66.7M | $70.9M | $63.6M | $94.5M |
| Pasivos Totales | $42.7M | $43.4M | $41.0M | $40.9M |
| Patrimonio Neto | $22.6M | $26.2M | $21.3M | $52.4M |
| Deuda Total | $18.7M | $17.7M | $19.1M | $9.1M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$6.2M | -$4.9M | -$9.0M | -$11.5M | -$401.7M | -$126.3M | -$45.6M | -$77.2M | -$20.9M | -$24.5M |
| Amortizaciones | $310475 | $2.7M | $1.2M | $2.6M | $1.4M | $20.5M | $10.9M | $6.0M | $4.4M | $3.5M |
| Compensación en Acciones | $1.6M | $793958 | $306016 | $184259 | 0 | 0 | 0 | $2.7M | $667000 | $331000 |
| Cambio en Capital Circulante | $813336 | -$5.8M | -$2.9M | -$2.6M | -$939797 | -$6.4M | -$19.2M | -$18.8M | -$8.4M | -$16.1M |
| Flujo de Caja Operativo | -$3.7M | -$7.2M | -$8.0M | -$6.3M | -$7.8M | -$23.7M | -$25.9M | -$16.1M | -$3.5M | -$11.4M |
| Inversiones (CapEx) | -$11494 | -$107193 | -$42985 | -$26976 | -$75895 | -$302000 | -$592000 | -$72000 | -$117000 | -$151000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | -$11.2M | -$50.7M | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$285000 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$3.7M | -$7.3M | -$8.1M | -$6.3M | -$7.9M | -$24.0M | -$26.5M | -$16.2M | -$3.6M | -$11.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$5.5M | $381000 | -$2.9M | $34.3M |
| Inversiones (CapEx) | -$36000 | -$35000 | -$33000 | -$42000 |
| Flujo de Caja Libre | -$5.5M | $346000 | -$2.9M | $34.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $42000 | $162000 | $191000 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +515.5% | -81.4% | +494.7% | -58.0% | +217.1% | +691.3% | -29.2% | -26.1% | +20.7% |
| Crecimiento Beneficio Neto (anual) | | +21.0% | -83.4% | -27.5% | -3398.5% | +68.6% | +63.9% | -69.1% | +73.1% | -18.3% |
| Crecimiento BPA (anual) | | +49.1% | -27.4% | +6.2% | -192.5% | +85.0% | +65.8% | -57.9% | +76.4% | +9.3% |
| Cambio en Acciones (anual) | | +55.4% | +43.9% | +35.9% | +1096.4% | +108.9% | +5.5% | +7.3% | +14.1% | +30.8% |
| Crecimiento FCF (anual) | | -95.7% | -10.4% | +22.0% | -26.2% | -203.6% | -10.3% | +39.0% | +77.7% | -220.5% |
| Margen Bruto | 51.3% | 17.8% | -63.6% | 22.7% | 14.5% | -179.3% | 20.8% | 8.4% | 29.0% | 31.8% |
| Margen Operativo | -745.8% | -92.1% | -630.5% | -110.1% | -720.2% | -809.8% | -70.2% | -164.2% | -52.1% | -30.9% |
| Margen EBITDA | -679.6% | -42.1% | -686.1% | -137.2% | -16074.5% | -1576.4% | -49.9% | -156.3% | -48.3% | -49.7% |
| Margen Neto | -716.7% | -92.0% | -906.3% | -194.3% | -16176.8% | -1604.1% | -73.2% | -174.9% | -63.6% | -62.3% |
| Margen FCF | -430.0% | -136.7% | -810.4% | -106.3% | -319.0% | -305.4% | -42.6% | -36.7% | -11.1% | -29.4% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | 0.0% | -0.0% | -0.0% | -0.0% | -0.2% | 1.2% | 0.2% | 0.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-9.52 | $-11.99 | $-9.19 | $-5.27 | $-0.56 | $-0.81 | $-0.84 | $-0.48 | $-0.09 | $-0.23 |
| 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) | $391517 | $608473 | $875869 | $1.2M | $14.2M | $29.8M | $31.4M | $33.7M | $38.4M | $50.2M |
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 | 32.16% |
| Rentabilidad sobre capital invertido | -54.22% |
| Rentabilidad sobre activos | 10.42% |
| Margen bruto | -235.78% |
| Margen operativo | -570.32% |
| Margen neto | 147.74% |
Salud financiera
| Deuda / Patrimonio | 0.17 |
| Ratio corriente | 2.00 |
| Piotroski F-Score | 4 |
| Altman Z-Score | -14.55 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -3.41 | -3.42 | -2.09 | -0.28 | -0.49 | -2.48 | -3.21 | -0.61 | -1.09 | -1.47 |
| P/VC | 2.11 | 1.12 | 1.47 | 0.36 | 1.65 | 2.19 | 1.31 | 0.91 | 0.65 | 1.38 |
| P/V | 24.43 | 3.15 | 18.96 | 0.55 | 79.17 | 39.68 | 2.34 | 1.06 | 0.70 | 0.92 |
| Margen Bruto | 51.3% | 17.8% | -63.6% | 22.7% | 14.5% | -179.3% | 20.8% | 8.4% | 29.0% | 31.8% |
| Margen Operativo | -745.8% | -92.1% | -630.5% | -110.1% | -720.2% | -809.8% | -70.2% | -164.2% | -52.1% | -30.9% |
| Margen Neto | -716.7% | -92.0% | -906.3% | -194.3% | -16176.8% | -1604.1% | -73.2% | -174.9% | -63.6% | -62.3% |