Captivision Financials
This page shows Captivision (CAPTW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
External financing is carrying CAPTW as operating cash burn persists against shrinking scale and very tight liquidity.
In FY2023, financing inflows of$10.5M almost exactly matched operating cash burn of$10.5M . Because year-end cash was only$477K , fresh funding mainly replaced cash consumed by operations rather than building a cushion, which does little to improve resilience.
From FY2022 to FY2023, equity flipped from
Traditional debt is not the main balance-sheet issue: long-term debt was only
Financial Health Signals
Based on FY2023 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Captivision's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Captivision's revenue declined 27.5% year-over-year, from $20.2M to $14.6M. This contraction results in a growth score of 74/100.
Captivision carries a low D/E ratio of -0.00, meaning only $-0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Captivision's current ratio of 0.21 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Captivision generated -$10.5M in operating cash flow, capex of $191K consumed most of it, leaving -$10.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Captivision passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Captivision generates $0.14 in operating cash flow (-$10.5M OCF vs -$77.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Captivision generated $14.6M in revenue in fiscal year 2023. This represents a decrease of 27.5% from the prior year.
Captivision reported -$77.0M in net income in fiscal year 2023. This represents a decrease of 875.5% from the prior year.
Cash & Balance Sheet
Captivision generated -$10.7M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 94.0% from the prior year.
Captivision held $477K in cash against $14K in long-term debt as of fiscal year 2023.
Margins & Returns
Captivision's net profit margin was -526.0% in fiscal year 2023, showing the share of revenue converted to profit. This is down 486.9 percentage points from the prior year.
Capital Allocation
Captivision spent $568K on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding.
Captivision invested $191K in capex in fiscal year 2023, funding long-term assets and infrastructure.
CAPTW Income Statement
| Metric | Q4'23 | Q4'22 |
|---|---|---|
| Revenue | N/A | N/A |
| Cost of Revenue | N/A | N/A |
| Gross Profit | N/A | N/A |
| R&D Expenses | N/A | N/A |
| SG&A Expenses | N/A | N/A |
| Operating Income | N/A | N/A |
| Interest Expense | N/A | N/A |
| Income Tax | N/A | N/A |
| Net Income | N/A | N/A |
| EPS (Diluted) | N/A | N/A |
CAPTW Balance Sheet
| Metric | Q4'23 | Q4'22 |
|---|---|---|
| Total Assets | $21.5M-41.2% | $36.6M |
| Current Assets | $10.6M+16.1% | $9.2M |
| Cash & Equivalents | $477K+142.4% | $197K |
| Inventory | $4.7M-16.9% | $5.7M |
| Accounts Receivable | N/A | N/A |
| Goodwill | N/A | N/A |
| Total Liabilities | $67.9M+100.2% | $33.9M |
| Current Liabilities | $51.3M+85.3% | $27.7M |
| Long-Term Debt | $14K-43.5% | $25K |
| Total Equity | -$46.4M-1807.4% | $2.7M |
| Retained Earnings | -$136.8M-119.4% | -$62.3M |
CAPTW Cash Flow Statement
| Metric | Q4'23 | Q4'22 |
|---|---|---|
| Operating Cash Flow | N/A | N/A |
| Capital Expenditures | N/A | N/A |
| Free Cash Flow | N/A | N/A |
| Investing Cash Flow | N/A | N/A |
| Financing Cash Flow | N/A | N/A |
| Dividends Paid | N/A | N/A |
| Share Buybacks | N/A | N/A |
CAPTW Financial Ratios
| Metric | Q4'23 | Q4'22 |
|---|---|---|
| Gross Margin | N/A | N/A |
| Operating Margin | N/A | N/A |
| Net Margin | N/A | N/A |
| Return on Equity | N/A | N/A |
| Return on Assets | N/A | N/A |
| Current Ratio | 0.21-0.1 | 0.33 |
| Debt-to-Equity | -0.000.0 | 0.01 |
| FCF Margin | N/A | N/A |
Note: Shareholder equity is negative (-$46.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.21), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Captivision's annual revenue?
Captivision (CAPTW) reported $14.6M in total revenue for fiscal year 2023. This represents a -27.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Captivision's revenue growing?
Captivision (CAPTW) revenue declined by 27.5% year-over-year, from $20.2M to $14.6M in fiscal year 2023.
Is Captivision profitable?
No, Captivision (CAPTW) reported a net income of -$77.0M in fiscal year 2023, with a net profit margin of -526.0%.
How much debt does Captivision have?
As of fiscal year 2023, Captivision (CAPTW) had $477K in cash and equivalents against $14K in long-term debt.
What is Captivision's net profit margin?
Captivision (CAPTW) had a net profit margin of -526.0% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Captivision's free cash flow?
Captivision (CAPTW) generated -$10.7M in free cash flow during fiscal year 2023. This represents a -94.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Captivision's operating cash flow?
Captivision (CAPTW) generated -$10.5M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Captivision's total assets?
Captivision (CAPTW) had $21.5M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Captivision's capital expenditures?
Captivision (CAPTW) invested $191K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
What is Captivision's current ratio?
Captivision (CAPTW) had a current ratio of 0.21 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Captivision's debt-to-equity ratio?
Captivision (CAPTW) had a debt-to-equity ratio of -0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Captivision's return on assets (ROA)?
Captivision (CAPTW) had a return on assets of -357.8% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Captivision's cash runway?
Based on fiscal year 2023 data, Captivision (CAPTW) had $477K in cash against an annual operating cash burn of $10.5M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Captivision's debt-to-equity ratio negative or unusual?
Captivision (CAPTW) has negative shareholder equity of -$46.4M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Captivision's Piotroski F-Score?
Captivision (CAPTW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Captivision's earnings high quality?
Captivision (CAPTW) has an earnings quality ratio of 0.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Captivision?
Captivision (CAPTW) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.