Estados financieros detallados de TROOPS, Inc. (TROO): 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
TROOPS, Inc. registró ingresos de $17.1M en el último ejercicio fiscal, con un CAGR de 5 años del 31.8%.
Márgenes de los últimos 12 meses: margen bruto 9.1%, margen operativo -97.6%, margen neto -163.2%. El flujo de caja libre creció a un CAGR del -49.8% en 5 años.
Al precio actual de $2.09, TROO presenta beneficios negativos (P/E no significativo) y un ROE del -43.28%. La capitalización bursátil es de $255M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $5.1M | $51000 | $1.6M | $5.5M | $4.3M | $3.7M | $3.9M | $3.6M | $10.1M | $17.1M |
| Coste de Ventas | $4.9M | $1.3M | $2.6M | $4.1M | $5.4M | $3.3M | $3.1M | $2.8M | $8.1M | $15.5M |
| Beneficio Bruto | $202000 | -$1.3M | -$1.1M | $1.4M | -$1.1M | $360000 | $822000 | $776000 | $1.9M | $1.6M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $4.2M | $3.6M | $2.4M | $4.3M | $2.6M | $2.7M | $2.2M | $2.8M | $4.0M | $18.2M |
| Gastos Operativos | $4.2M | $3.6M | $2.5M | $3.6M | $64.3M | $4.2M | $1.4M | $2.6M | $7.7M | $18.2M |
| Beneficio Operativo | -$4.0M | -$11.9M | -$14.3M | -$2.0M | -$67.3M | -$3.9M | -$397000 | -$1.8M | -$5.7M | -$16.7M |
| EBITDA | -$4.1M | -$7.7M | -$845000 | $1.6M | -$62.4M | -$6.3M | $1.6M | $319000 | -$11.2M | -$27.1M |
| Gastos por Intereses | $15000 | $13000 | $58000 | 0 | $1.0M | $103000 | $59000 | $62000 | 0 | 0 |
| Beneficio Antes de Impuestos | -$5.4M | -$11.9M | -$13.9M | -$41.7M | -$68.2M | -$8.5M | -$402000 | -$1.9M | -$13.4M | -$29.4M |
| Impuestos | -$315000 | -$679000 | -$311000 | -$4.6M | -$309000 | -$126000 | -$56000 | -$140000 | $27000 | -$1.5M |
| Beneficio Neto | -$5.0M | -$11.2M | -$12.4M | -$37.1M | -$67.9M | -$8.4M | -$346000 | -$1.7M | -$13.4M | -$27.9M |
| BPA | $-0.68 | $-0.99 | $-0.35 | $-0.47 | $-0.69 | $-0.08 | $-0.00 | $-0.02 | $-0.13 | $-0.23 |
| BPA Diluido | $-0.68 | $-0.99 | $-0.35 | $-0.47 | $-0.69 | $-0.08 | $-0.00 | $-0.02 | $-0.13 | $-0.23 |
| Acciones en Circulación (Diluidas) | $7.4M | $11.3M | $35.1M | $79.2M | $98.1M | $101.6M | $101.6M | $101.6M | $102.2M | $120.7M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Ingresos | $2.6M | $7.5M | $7.6M | $9.5M |
| Beneficio Bruto | $698000 | $1.2M | $1.1M | $436000 |
| Beneficio Operativo | -$3.0M | -$2.8M | -$1.2M | -$15.5M |
| EBITDA | -$427000 | -$10.8M | -$1.2M | -$15.5M |
| Beneficio Neto | -$1.4M | -$12.1M | -$966000 | -$26.9M |
| BPA | $-0.01 | $-0.12 | $-0.01 | $-0.22 |
| BPA Diluido | $-0.01 | $-0.12 | $-0.01 | $-0.22 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $29000 | $4.3M | $14.3M | $5.2M | $3.0M | $3.5M | $3.0M | $3.1M | $5.2M | $4.0M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $119000 | $676000 | $31.1M | $35.2M | $22.5M | $2.6M | $8.5M | $7.3M | $14.1M | $7.3M |
| Inventario | 0 | 0 | 0 | $779000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $6.6M | $5.7M | $76.5M | $47.2M | $25.6M | $6.2M | $11.5M | $10.7M | $19.6M | $15.3M |
| Inmovilizado Material | $5000 | $511000 | $58.3M | $58.0M | $52.3M | $50.6M | $48.7M | $46.8M | $44.9M | $29.4M |
| Fondo de Comercio | $36.5M | $50.0M | $20.8M | $3.9M | $5.1M | $385000 | $385000 | $385000 | $12.3M | $12.3M |
| Activos Intangibles | $25.3M | $42.3M | $22.6M | $2.4M | $446000 | $61000 | $42000 | $29000 | $1.4M | $1.2M |
| Activos Totales | $100.3M | $98.5M | $190.8M | $140.6M | $90.1M | $70.3M | $69.7M | $70.3M | $79.2M | $69.1M |
| Cuentas por Pagar | $222000 | $235000 | 0 | $1000 | 0 | $2.6M | $8.5M | 0 | $1.6M | $1.2M |
| Deuda a Corto | $342000 | $2.5M | $3.8M | $222000 | $5.4M | $38000 | $94000 | 0 | 0 | 0 |
| Pasivos Corrientes | $7.3M | $3.4M | $10.0M | $6.5M | $7.4M | $2.2M | $2.2M | $4.7M | $5.9M | $16.6M |
| Deuda a Largo | 0 | 0 | $360000 | $6.4M | $6.2M | $87000 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $13.6M | $14.6M | $22.7M | $20.0M | $19.5M | $7.8M | $7.5M | $9.8M | $10.9M | $20.0M |
| Reservas | $52.1M | $40.9M | $21.1M | $2.3M | -$65.1M | -$73.5M | -$73.9M | -$75.6M | -$89.0M | -$116.9M |
| Patrimonio Neto | $86.7M | $83.8M | $138.1M | $120.4M | $70.6M | $62.5M | $62.2M | $60.6M | $68.2M | $49.0M |
| Deuda Total | $342000 | $2.5M | $4.1M | $11.0M | $11.8M | $164000 | $120000 | $4000 | $26000 | $4000 |
| Deuda Neta | $313000 | -$1.7M | -$10.2M | $5.8M | $8.8M | -$3.3M | -$2.8M | -$3.1M | -$5.1M | -$4.0M |
| Capital Circulante | -$663000 | $2.3M | $66.5M | $40.7M | $18.2M | $4.0M | $9.4M | $5.9M | $13.6M | -$1.3M |
Balance (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Caja y Equivalentes | $1.5M | $5.2M | $5.2M | $4.0M |
| Activos Totales | $83.6M | $79.2M | $88.4M | $69.1M |
| Pasivos Totales | $24.4M | $10.9M | $8.5M | $20.0M |
| Patrimonio Neto | $59.2M | $68.2M | $79.9M | $49.0M |
| Deuda Total | $15.7M | $26000 | $15000 | $4000 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$5.0M | -$11.2M | -$13.6M | -$37.1M | -$67.9M | -$8.4M | -$346000 | -$1.7M | -$13.4M | -$27.9M |
| Amortizaciones | $1.3M | $2.7M | $2.4M | $3.5M | $4.8M | $2.1M | $2.0M | $2.1M | $2.2M | $2.3M |
| Compensación en Acciones | $1.6M | $741000 | $534000 | $600000 | $680000 | $261000 | 0 | 0 | 0 | 0 |
| Cambio en Capital Circulante | -$286000 | -$6.7M | -$35.3M | $2.5M | $21.5M | $12.4M | -$909000 | -$6.5M | $2.0M | $15.0M |
| Flujo de Caja Operativo | -$1.1M | -$8.0M | -$36.2M | $3.1M | $21.9M | $12.3M | -$368000 | -$6.5M | $2.0M | $807000 |
| Inversiones (CapEx) | 0 | 0 | -$2.4M | -$697000 | -$118000 | -$402000 | -$156000 | -$221000 | -$251000 | -$117000 |
| Adquisiciones | -$7000 | $943000 | -$8.0M | -$12.7M | -$27.1M | -$5.2M | 0 | 0 | $743000 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$4.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$1.1M | -$8.0M | -$38.6M | $2.4M | $21.7M | $11.9M | -$524000 | -$6.8M | $1.7M | $690000 |
Flujo de Caja (Trimestral)
| Año | 2023-Q4 | 2024-Q2 | 2024-Q4 | 2025-Q4 |
|---|
| Flujo de Caja Operativo | 0 | 0 | 0 | 0 |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -99.0% | +2998.0% | +249.7% | -22.3% | -14.2% | +5.2% | -7.9% | +182.2% | +69.7% |
| Crecimiento Beneficio Neto (anual) | | -122.2% | -10.3% | -199.5% | -83.3% | +87.6% | +95.9% | -396.8% | -680.3% | -108.0% |
| Crecimiento BPA (anual) | | -45.6% | +64.6% | -34.3% | -46.8% | +88.0% | +95.9% | -397.1% | -669.2% | -76.9% |
| Cambio en Acciones (anual) | | +52.8% | +209.3% | +125.8% | +23.9% | +3.5% | +0.0% | +0.0% | +0.6% | +18.1% |
| Crecimiento FCF (anual) | | -639.3% | -384.1% | +106.3% | +798.9% | -45.3% | -104.4% | -1189.9% | +125.2% | -59.5% |
| Margen Bruto | 4.0% | -2533.3% | -66.8% | 25.4% | -24.8% | 9.8% | 21.2% | 21.7% | 19.3% | 9.1% |
| Margen Operativo | -78.3% | -23266.7% | -906.2% | -36.2% | -1568.6% | -104.9% | -10.2% | -50.5% | -56.9% | -97.6% |
| Margen EBITDA | -80.5% | -15168.6% | -53.5% | 28.1% | -1453.8% | -171.1% | 42.0% | 8.9% | -111.0% | -158.6% |
| Margen Neto | -99.6% | -21988.2% | -783.0% | -670.6% | -1582.2% | -228.4% | -8.9% | -48.2% | -133.2% | -163.2% |
| Margen FCF | -21.3% | -15641.2% | -2444.1% | 43.8% | 506.3% | 322.8% | -13.5% | -189.4% | 16.9% | 4.0% |
| Tasa Impositiva Efectiva | 5.9% | 5.7% | 2.2% | 11.1% | 0.5% | 1.5% | 13.9% | 7.5% | -0.2% | 5.1% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.15 | $-0.70 | $-1.10 | $0.03 | $0.22 | $0.12 | $-0.01 | $-0.07 | $0.02 | $0.01 |
| 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) | $7.4M | $11.3M | $35.1M | $79.2M | $98.1M | $101.6M | $101.6M | $101.6M | $102.2M | $120.7M |
Qué mirar en Servicios Financieros
Asset managers, brokers, fintech, bolsas. No son bancos — mira AUM, comisiones y calidad del FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — Los buenos asset managers tienen márgenes >30% por escalabilidad
- ROE — Servicios financieros de calidad tienen ROE >15% consistente
- FCF / Net Income — Calidad del beneficio — >90% esperado en negocios ligeros en capital
- Debt / Equity — Fintech y brokers con D/E alto son bombas de relojería en crisis
- P/E vs 5y propio — Asset managers tienen múltiplos estables en rangos conocidos
- Dividend yield + buybacks — Estos negocios devuelven mucho capital — mirar yield total (div + recompras)
Rentabilidad
| Rentabilidad sobre capital | -43.28% |
| Rentabilidad sobre capital invertido | -30.18% |
| Rentabilidad sobre activos | -40.40% |
| Margen bruto | 9.15% |
| Margen operativo | -97.60% |
| Margen neto | -163.23% |
Salud financiera
| Deuda / Patrimonio | 0.00 |
| Ratio corriente | 0.92 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -5.51 | -1.19 | -2.43 | -2.02 | -2.10 | -59.30 | -641.18 | -176.92 | -12.62 | -13.91 |
| P/VC | 0.32 | 0.16 | 0.22 | 0.62 | 2.01 | 7.98 | 3.56 | 5.01 | 2.46 | 7.88 |
| P/V | 5.49 | 261.12 | 18.87 | 13.62 | 33.14 | 135.40 | 57.16 | 85.12 | 16.65 | 22.59 |
| Margen Bruto | 4.0% | -2533.3% | -66.8% | 25.4% | -24.8% | 9.8% | 21.2% | 21.7% | 19.3% | 9.1% |
| Margen Operativo | -78.3% | -23266.7% | -906.2% | -36.2% | -1568.6% | -104.9% | -10.2% | -50.5% | -56.9% | -97.6% |
| Margen Neto | -99.6% | -21988.2% | -783.0% | -670.6% | -1582.2% | -228.4% | -8.9% | -48.2% | -133.2% | -163.2% |