RENE

MKT CAP:$155M

Cartesian Growth Corporation II

Market Cap

$155M

Financial Services·Shell Companies·🇺🇸 United States·NASDAQ

Financials·Shell Companies·🇺🇸·NASDAQ

Stock Price

$11.75+$0.00 (+0.00%)

Apr 6, 2026

Company Details

Cartesian Growth Corporation II focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in...

CEO

Peter Michael Yu

IPO Date

Jul 8, 2022

Website

www.cartesiangrowth.com/cgc2

Key Metrics TTM

Revenue

$1M

— YoY

Net Income

$1M

EPS (Diluted)

$0.10

Free Cash Flow

-$905.6K

Revenue / Share

$0.18

Gross Margin

50.0%

Operating Margin

-82.9%

Net Margin

109.6%

FCF Margin

-70.9%

P/S

121.0x

P/E

110.4x

Earnings Reports

Q3 2025

Nov 13, 2025

$0EPS $0.03

Q2 2025

Aug 11, 2025

$0EPS -$0.01

Q1 2025

May 15, 2025

$0EPS $0.04

FY 2024

Mar 31, 2025

$0EPS $0.56

Q4 2024

Mar 31, 2025

$1MEPS $0.04

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$0	$0	-$3.7K
Q2 22	$0	-$225.0K	-$225.0K
Q3 22	$0	-$256.0K	-$256.0K
Q4 22	$0	-$685.0K	-$204.0K
Q1 23	$0	-$239.0K	-$239.0K
Q2 23	$0	-$311.0K	-$311.0K
Q3 23	$0	-$218.0K	-$218.0K
Q4 23	$0	-$1M	-$1M
Q1 24	$0	$0	-$223.0K
Q2 24	$0	$0	-$198.0K
Q3 24	$0	$0	-$217.0K
Q4 24	$1M	$638.5K	-$398.0K
Q1 25	$0	$0	-$195.0K
Q2 25	$0	$0	-$262.2K
Q3 25	$0	$0	-$203.2K

Valuation

Quarter	P/S	P/E
Q4 21	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	31.4x
Q1 23	—	17.9x
Q2 23	—	12.1x
Q3 23	—	17.7x
Q4 23	—	13.5x
Q1 24	—	15.1x
Q2 24	—	17.9x
Q3 24	—	15.9x
Q4 24	121.0x	18.8x
Q1 25	121.0x	24.8x
Q2 25	121.0x	38.9x
Q3 25	121.0x	110.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$0	$0
Q1 22	$0	$0
Q2 22	-$577.7K	-$577.7K
Q3 22	-$153.3K	-$153.3K
Q4 22	-$111.9K	-$111.9K
Q1 23	-$121.9K	-$121.9K
Q2 23	-$134.1K	-$134.1K
Q3 23	-$190.7K	-$190.7K
Q4 23	-$476.0K	-$476.0K
Q1 24	-$180.2K	-$180.2K
Q2 24	-$82.7K	-$82.7K
Q3 24	-$88.3K	-$88.3K
Q4 24	-$463.1K	-$463.1K
Q1 25	-$155.4K	-$155.4K
Q2 25	-$101.6K	-$101.6K
Q3 25	-$185.5K	-$185.5K

Capital Expenditures

Quarter	CapEx
Q4 21	$0
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$4
Q2 24	$4
Q3 24	$0
Q4 24	$4
Q1 25	$0
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	—	+6312.7%
Q2 23	—	+38.2%
Q3 23	—	-14.8%
Q4 23	—	+519.1%
Q1 24	—	-6.7%
Q2 24	—	-36.3%
Q3 24	—	-0.5%
Q4 24	—	+32.6%
Q1 25	—	-12.6%
Q2 25	—	+32.4%
Q3 25	—	-6.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	—
Q1 22	$0	—
Q2 22	$0	—
Q3 22	$0	—
Q4 22	$0	—
Q1 23	$0	—
Q2 23	$0	—
Q3 23	$0	—
Q4 23	$0	—
Q1 24	$0	—
Q2 24	$0	—
Q3 24	$0	—
Q4 24	$0	0.0%
Q1 25	$0	—
Q2 25	$0	—
Q3 25	$0	—

OpEx Breakdown

Quarter	G&A	SG&A
Q4 21	$3.7K	—
Q2 22	$225.4K	—
Q3 22	$256.1K	—
Q4 22	—	$203.6K
Q1 23	—	$239.3K
Q2 23	—	$311.5K
Q3 23	—	$218.3K
Q4 23	—	$1M
Q1 24	—	$223.2K
Q2 24	—	$198.3K
Q3 24	—	$217.0K
Q4 24	—	$398.1K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$0	$0	$0
Q1 22	$0	$0	$0
Q2 22	$814.2K	$0	$814.2K
Q3 22	$660.6K	$0	$660.6K
Q4 22	$543.7K	$0	$543.7K
Q1 23	$421.8K	$0	$421.8K
Q2 23	$217.6K	$0	$217.6K
Q3 23	$27.0K	$0	$27.0K
Q4 23	$50.9K	$0	$50.9K
Q1 24	$120.7K	$0	$120.7K
Q2 24	$38.1K	$0	$38.1K
Q3 24	$199.8K	$0	$199.8K
Q4 24	$236.7K	$0	$236.7K
Q1 25	$81.3K	$0	$81.3K
Q2 25	$229.6K	$87M	$87M
Q3 25	$44.1K	$88M	$89M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	29M	—	—
Q2 22	29M	0.0%	—
Q3 22	29M	0.0%	—
Q4 22	29M	0.0%	—
Q1 23	29M	0.0%	0.0%
Q2 23	29M	0.0%	0.0%
Q3 23	29M	0.0%	0.0%
Q4 23	24M	-16.6%	-16.6%
Q1 24	22M	-9.8%	-24.8%
Q2 24	22M	0.0%	-24.8%
Q3 24	22M	0.0%	-24.8%
Q4 24	15M	-32.6%	-39.2%
Q1 25	15M	0.0%	-32.6%
Q2 25	7M	-50.2%	-66.5%
Q3 25	7M	0.0%	-66.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	$0	2
Q1 23	$0	2
Q2 23	$0	2
Q3 23	$0	2
Q4 23	$0	2
Q1 24	$0	2
Q2 24	$0	2
Q3 24	$0	2
Q4 24	$638.5K	2
Q1 25	$0	2
Q2 25	$0	2
Q3 25	$0	2

Revenue / Employee