Demonstrações financeiras detalhadas de CLPS Incorporation (CLPS): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
CLPS Incorporation registou receitas de $164.5M no último exercício, com um CAGR de 5 anos de 13.0%.
Margens dos últimos 12 meses: margem bruta 22.0%, margem operacional -3.2%, margem líquida -3.9%.
Ao preço atual de $1.02, CLPS apresenta lucros negativos (P/L não significativo) e um ROE de -11.60%. A capitalização de mercado é de $31M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $29.0M | $31.4M | $48.9M | $64.9M | $89.4M | $126.1M | $152.0M | $150.4M | $142.8M | $164.5M |
| Custo da Receita | $17.5M | $18.7M | $31.3M | $41.2M | $58.3M | $85.9M | $111.0M | $115.9M | $109.9M | $130.1M |
| Lucro Bruto | $11.6M | $12.7M | $17.7M | $23.8M | $31.1M | $40.2M | $41.0M | $34.5M | $32.9M | $34.4M |
| P&D | $5.6M | $4.2M | $7.8M | $8.0M | $10.4M | $13.3M | $8.0M | $8.3M | $7.2M | $5.8M |
| Despesas Gerais e Administrativas | $5.4M | $6.9M | $8.1M | $19.6M | $19.4M | $20.5M | $27.1M | $25.0M | $29.7M | $35.2M |
| Despesas Operacionais | $10.9M | $11.1M | $15.9M | $26.8M | $27.9M | $31.8M | $33.6M | $34.4M | $35.5M | $41.0M |
| Lucro Operacional | $613651 | $1.6M | $1.7M | -$3.1M | $3.2M | $8.4M | $7.4M | $76391 | -$2.5M | -$6.5M |
| EBITDA | $667756 | $1.7M | $1.9M | -$2.7M | $3.8M | $9.1M | $8.3M | $3.7M | -$1.3M | -$3.2M |
| Despesas com Juros | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Lucro Antes de Impostos | $2.1M | $2.1M | $2.6M | -$3.2M | $3.9M | $8.3M | $7.6M | $839909 | -$1.7M | -$5.5M |
| Imposto | $269153 | $118546 | $112128 | $186615 | $835444 | $1.3M | $3.0M | $674344 | $160725 | $947529 |
| Lucro Líquido | $1.8M | $2.0M | $2.4M | -$3.3M | $2.9M | $6.8M | $4.5M | $192529 | -$2.3M | -$7.0M |
| LPA | $0.14 | $0.15 | $0.21 | $-0.24 | $0.20 | $0.39 | $0.21 | $0.01 | $-0.09 | $-0.26 |
| LPA Diluído | $0.14 | $0.15 | $0.21 | $-0.24 | $0.20 | $0.39 | $0.21 | $0.01 | $-0.09 | $-0.26 |
| Ações em Circulação (Diluídas) | $13.3M | $13.6M | $11.6M | $13.8M | $14.7M | $17.6M | $21.1M | $23.2M | $25.2M | $27.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Receita | $71.0M | $82.8M | $81.7M | $85.1M |
| Lucro Bruto | $17.2M | $19.2M | $17.2M | $19.5M |
| Lucro Operacional | -$1.6M | $159070 | -$5.8M | $475803 |
| EBITDA | -$979814 | $785317 | -$3.6M | $475803 |
| Lucro Líquido | -$842430 | -$389913 | -$6.7M | $83018 |
| LPA | $-0.03 | $-0.01 | $-0.24 | $0.00 |
| LPA Diluído | $-0.03 | $-0.01 | $-0.24 | $0.00 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $5.3M | $4.8M | $9.7M | $6.6M | $12.7M | $24.7M | $18.4M | $22.2M | $29.1M | $28.2M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | $1.8M | $636934 | $4.2M | 0 | 0 | $2.1M | $896949 |
| Contas a Receber | $4.4M | $6.8M | $16.4M | $19.5M | $25.8M | $44.7M | $54.1M | $48.9M | $42.3M | $49.3M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $87604 | 0 | 0 |
| Ativos Circulantes | $9.9M | $12.3M | $29.1M | $29.7M | $40.5M | $76.1M | $76.8M | $72.9M | $78.1M | $85.8M |
| Imobilizado | $326820 | $273347 | $333897 | $566591 | $452472 | $600791 | $20.6M | $20.9M | $23.9M | $24.6M |
| Ágio | 0 | $195080 | $173560 | $447790 | $2.1M | $2.4M | $2.4M | 0 | $1.5M | $1.4M |
| Ativos Intangíveis | $486209 | $305464 | $260058 | $427769 | $1.1M | $1.1M | $970044 | $726175 | $2.3M | $2.1M |
| Ativos Totais | $10.5M | $13.5M | $30.9M | $32.7M | $45.4M | $82.7M | $101.9M | $95.3M | $110.0M | $118.1M |
| Contas a Pagar | $58593 | $239165 | $1.5M | $196832 | $268661 | $559450 | $343597 | $690035 | $949137 | $2.5M |
| Dívida de Curto Prazo | 0 | 0 | $2.6M | $2.2M | $2.2M | $7.5M | $14.5M | $10.6M | $23.2M | $32.6M |
| Passivos Circulantes | $6.3M | $8.2M | $12.8M | $11.3M | $16.4M | $23.0M | $30.4M | $26.3M | $39.8M | $54.4M |
| Dívida de Longo Prazo | 0 | 0 | 0 | 0 | $22554 | $9644 | 0 | 0 | 0 | 0 |
| Passivos Totais | $6.3M | $8.2M | $12.8M | $11.3M | $16.7M | $25.0M | $34.1M | $29.8M | $46.1M | $60.5M |
| Reservas | -$3.0M | -$2.5M | -$524618 | -$4.5M | -$2.7M | $2.7M | $6.3M | $5.0M | -$51728 | -$7.4M |
| Patrimônio Líquido | $4.2M | $4.8M | $17.5M | $20.8M | $27.3M | $56.7M | $66.6M | $64.6M | $62.5M | $55.5M |
| Dívida Total | 0 | 0 | $2.6M | $2.2M | $2.2M | $7.5M | $14.5M | $11.4M | $26.2M | $33.9M |
| Dívida Líquida | -$5.3M | -$4.8M | -$7.2M | -$6.2M | -$11.1M | -$21.4M | -$3.9M | -$10.8M | -$5.0M | $4.8M |
| Capital de Giro | $3.6M | $4.1M | $16.3M | $18.5M | $24.2M | $53.1M | $46.4M | $46.6M | $38.3M | $31.4M |
Balanço (Trimestral)
| Ano | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Caixa e Equivalentes | $29.1M | $35.6M | $28.2M | $28.4M |
| Ativos Totais | $110.0M | $119.4M | $118.1M | $116.4M |
| Passivos Totais | $46.1M | $56.8M | $60.5M | $56.2M |
| Patrimônio Líquido | $62.5M | $60.7M | $55.5M | $57.9M |
| Dívida Total | $26.2M | $31.7M | $33.9M | $28.8M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $1.8M | $2.0M | $2.4M | -$3.3M | $2.9M | $6.8M | $4.5M | $192529 | -$2.3M | -$7.0M |
| Depreciação e Amortização | $54105 | $143626 | $206169 | $403700 | $593173 | $677241 | $912248 | $1.2M | $1.3M | $1.9M |
| Compensação em Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Variação Capital de Giro | $2.7M | -$1.6M | -$7.6M | -$3.7M | -$1.5M | -$15.3M | -$9.6M | $2.3M | $5.1M | -$3.5M |
| Fluxo de Caixa Operacional | $4.5M | $624344 | -$4.8M | $401107 | $5.9M | -$2.6M | $3.2M | $9.7M | $8.9M | -$2.5M |
| CapEx | -$327768 | -$62514 | -$231229 | -$499557 | -$167704 | -$1.1M | -$20.8M | -$519281 | -$2.1M | -$1.3M |
| Aquisições | $39932 | -$76323 | -$107654 | -$1.0M | -$1.6M | -$951861 | $552 | $172171 | -$2.3M | -$210025 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | -$5.3M | -$736436 | -$612988 | 0 | 0 | -$34137 | 0 | -$1.2M | -$2.6M | -$3.6M |
| Fluxo de Caixa Livre | $4.1M | $561830 | -$5.0M | -$98450 | $5.8M | -$3.7M | -$17.5M | $9.2M | $6.8M | -$3.8M |
Fluxo de Caixa (Trimestral)
| Ano | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Fluxo de Caixa Operacional | -$4.2M | 0 | -$2.5M | 0 |
| CapEx | $4.2M | 0 | -$1.3M | 0 |
| Fluxo de Caixa Livre | 0 | 0 | -$3.8M | 0 |
| Dividendos Pagos | 0 | 0 | -$3.6M | 0 |
| Compensação em Ações | 0 | 0 | 0 | $1.8M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +8.1% | +56.0% | +32.7% | +37.7% | +41.0% | +20.6% | -1.1% | -5.0% | +15.2% |
| Crescimento Lucro Líquido (anual) | | +12.1% | +18.9% | -234.3% | +189.9% | +132.0% | -34.6% | -95.7% | -1310.2% | -202.6% |
| Crescimento LPA (anual) | | +7.1% | +40.0% | -214.3% | +183.3% | +95.0% | -46.2% | -96.0% | -1213.3% | -181.4% |
| Variação de Ações (anual) | | +2.3% | -14.4% | +19.0% | +6.1% | +19.6% | +19.9% | +10.0% | +8.9% | +9.2% |
| Crescimento FCF (anual) | | -86.4% | -990.6% | +98.0% | +5954.2% | -163.9% | -376.6% | +152.3% | -25.9% | -155.8% |
| Margem Bruta | 39.8% | 40.5% | 36.1% | 36.6% | 34.8% | 31.9% | 27.0% | 22.9% | 23.1% | 20.9% |
| Margem Operacional | 2.1% | 5.1% | 3.5% | -4.8% | 3.6% | 6.6% | 4.9% | 0.1% | -1.8% | -4.0% |
| Margem EBITDA | 2.3% | 5.6% | 3.9% | -4.1% | 4.2% | 7.2% | 5.5% | 2.4% | -0.9% | -1.9% |
| Margem Líquida | 6.3% | 6.5% | 5.0% | -5.0% | 3.3% | 5.4% | 2.9% | 0.1% | -1.6% | -4.3% |
| Margem FCF | 14.2% | 1.8% | -10.2% | -0.2% | 6.4% | -2.9% | -11.5% | 6.1% | 4.8% | -2.3% |
| Taxa Efetiva de Imposto | 13.1% | 5.6% | 4.3% | -5.7% | 21.3% | 15.2% | 39.9% | 80.3% | -9.5% | -17.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.31 | $0.04 | $-0.43 | $-0.01 | $0.39 | $-0.21 | $-0.83 | $0.40 | $0.27 | $-0.14 |
| Dividendo por Ação | $0.40 | $0.05 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.10 | $0.13 |
| Ações em Circulação (Básicas) | $13.3M | $13.6M | $11.5M | $13.8M | $14.7M | $17.3M | $20.9M | $23.2M | $25.2M | $27.5M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -11.60% |
| Retorno sobre capital investido | -5.71% |
| Retorno sobre ativos | -5.65% |
| Margem bruta | 22.00% |
| Margem operacional | -3.22% |
| Margem líquida | -3.94% |
Saúde financeira
| Dívida / Patrimônio | 0.50 |
| Liquidez corrente | 1.69 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 39.36 | 36.73 | 61.67 | -24.17 | 10.80 | 11.03 | 7.33 | 142.17 | -9.63 | -3.58 |
| P/VP | 17.42 | 15.49 | 8.53 | 3.86 | 1.16 | 1.31 | 0.48 | 0.42 | 0.36 | 0.46 |
| P/V | 2.52 | 2.39 | 3.05 | 1.24 | 0.35 | 0.59 | 0.21 | 0.18 | 0.16 | 0.16 |
| Margem Bruta | 39.8% | 40.5% | 36.1% | 36.6% | 34.8% | 31.9% | 27.0% | 22.9% | 23.1% | 20.9% |
| Margem Operacional | 2.1% | 5.1% | 3.5% | -4.8% | 3.6% | 6.6% | 4.9% | 0.1% | -1.8% | -4.0% |
| Margem Líquida | 6.3% | 6.5% | 5.0% | -5.0% | 3.3% | 5.4% | 2.9% | 0.1% | -1.6% | -4.3% |