Estados financieros detallados de reAlpha Tech Corp. (AIRE): 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
Márgenes de los últimos 12 meses: margen bruto 3.0%, margen operativo -447.3%, margen neto -480.0%.
Al precio actual de $1.41, AIRE presenta beneficios negativos (P/E no significativo) y un ROE del -140.63%. La capitalización bursátil es de $8M.
Cuenta de Resultados (10 años)
| Año | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $305377 | $419412 | $182535 | $948420 | $4.5M |
| Coste de Ventas | $167193 | $293204 | $1.6M | $3.4M | $2.1M |
| Beneficio Bruto | $138184 | $126208 | -$1.5M | -$2.5M | $2.5M |
| I+D | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $4.5M | $4.6M | $8.0M | $4.2M | $15.7M |
| Gastos Operativos | $5.0M | $5.1M | $8.0M | $4.2M | $18.2M |
| Beneficio Operativo | -$4.8M | -$4.9M | -$9.5M | -$6.7M | -$15.8M |
| EBITDA | -$5.1M | -$5.1M | -$9.1M | -$6.2M | -$16.2M |
| Gastos por Intereses | $177273 | $169776 | $106014 | $333759 | $814727 |
| Beneficio Antes de Impuestos | -$5.4M | -$5.4M | -$1.6M | -$7.7M | -$17.6M |
| Impuestos | 0 | 0 | $306429 | -$54260 | 0 |
| Beneficio Neto | -$5.4M | -$5.5M | -$1.9M | -$26.0M | -$17.6M |
| BPA | $-0.13 | $-3.25 | $-0.03 | $-0.58 | $-5.75 |
| BPA Diluido | $-0.13 | $-3.25 | $-0.03 | $-0.58 | $-5.75 |
| Acciones en Circulación (Diluidas) | $40.0M | $1.7M | $42.7M | $44.6M | $3.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $1.4M | $895345 | $841062 | $841062 |
| Beneficio Bruto | $749580 | $561726 | $552265 | -$1.7M |
| Beneficio Operativo | -$4.9M | -$4.5M | -$4.3M | -$4.3M |
| EBITDA | -$5.3M | -$4.8M | -$4.1M | -$4.1M |
| Beneficio Neto | -$5.8M | -$4.8M | -$4.3M | -$4.3M |
| BPA | $-1.75 | $-0.04 | $-0.75 | $-0.83 |
| BPA Diluido | $-1.75 | $-0.04 | $-0.75 | $-0.83 |
Balance (10 años)
| Año | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $108172 | $2.1M | $1.3M | $6.5M | $3.1M | $7.8M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $4718 | $133816 | $88994 | $30630 | $182425 | $68148 |
| Inventario | 0 | 0 | $3.1M | 0 | 0 | 0 |
| Activos Corrientes | $337938 | $2.4M | $4.7M | $7.4M | $4.0M | $9.8M |
| Inmovilizado Material | 0 | $2.0M | $2.2M | $328539 | $102638 | $64626 |
| Fondo de Comercio | 0 | 0 | $5.1M | 0 | $4.2M | $7.5M |
| Activos Intangibles | 0 | $599459 | $9.0M | $19.2M | $3.4M | $4.3M |
| Activos Totales | $1.5M | $6.9M | $21.1M | $27.9M | $12.0M | $21.7M |
| Cuentas por Pagar | 0 | $81377 | $412947 | $461875 | $655765 | $306216 |
| Deuda a Corto | $1.0M | $8.2M | $7.1M | $190095 | $781139 | $296186 |
| Pasivos Corrientes | $1.0M | $12.2M | $7.7M | $2.1M | $4.1M | $3.6M |
| Deuda a Largo | 0 | 0 | $247000 | $247000 | $5.2M | $88411 |
| Pasivos Totales | $1.0M | $12.2M | $7.9M | $3.2M | $10.4M | $9.2M |
| Reservas | -$3342 | -$5.5M | -$11.0M | -$12.2M | -$38.3M | -$56.0M |
| Patrimonio Neto | $446658 | -$5.3M | $13.2M | $24.7M | $1.6M | $12.5M |
| Deuda Total | $1.0M | $8.2M | $7.3M | $437095 | $6.0M | $384597 |
| Deuda Neta | $899822 | $6.2M | $6.1M | -$6.0M | $2.9M | -$7.4M |
| Capital Circulante | -$671699 | -$9.8M | -$3.0M | $5.3M | -$102339 | $6.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $9.3M | $7.8M | $4.7M | $5.2M |
| Activos Totales | $19.7M | $21.7M | $17.6M | $17.6M |
| Pasivos Totales | $8.8M | $9.2M | $8.3M | $8.3M |
| Patrimonio Neto | $10.9M | $12.5M | $9.3M | $9.3M |
| Deuda Total | $598705 | $384597 | $330515 | $2.2M |
Flujo de Caja (10 años)
| Año | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$3.2M | -$5.5M | -$1.9M | -$7.7M | -$17.6M |
| Amortizaciones | $146295 | $157802 | $433600 | $466691 | $543170 |
| Compensación en Acciones | 0 | 0 | 0 | 0 | $859950 |
| Cambio en Capital Circulante | $1.5M | $355344 | $676119 | $109031 | -$1.1M |
| Flujo de Caja Operativo | -$1.6M | -$5.0M | -$2.8M | -$6.0M | -$11.3M |
| Inversiones (CapEx) | -$5.0M | -$452451 | -$40836 | -$12532 | -$42896 |
| Adquisiciones | 0 | -$25000 | $681342 | -$975322 | -$1.0M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$6.5M | -$5.4M | -$2.9M | -$6.1M | -$11.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$4.2M | -$2.4M | -$3.1M | -$2.4M |
| Inversiones (CapEx) | -$5490 | -$29543 | -$63810 | -$10792 |
| Flujo de Caja Libre | -$4.3M | -$2.4M | -$3.2M | -$2.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $180656 | $301951 | $340848 | $371494 |
Crecimiento y Márgenes (10 años)
| Año | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +37.3% | -56.5% | +419.6% | +376.4% |
| Crecimiento Beneficio Neto (anual) | | -1.4% | +65.6% | -1286.0% | +32.4% |
| Crecimiento BPA (anual) | | -2400.0% | +99.1% | -1879.5% | -891.4% |
| Cambio en Acciones (anual) | | -95.7% | +2409.8% | +4.6% | -93.2% |
| Crecimiento FCF (anual) | | +17.2% | +47.0% | -111.0% | -86.7% |
| Margen Bruto | 45.3% | 30.1% | -799.4% | -261.2% | 54.3% |
| Margen Operativo | -1581.3% | -1176.3% | -5208.8% | -706.4% | -349.4% |
| Margen EBITDA | -1658.0% | -1218.4% | -4971.3% | -657.2% | -359.2% |
| Margen Neto | -1761.6% | -1300.2% | -1028.6% | -2743.8% | -389.4% |
| Margen FCF | -2142.4% | -1291.0% | -1572.0% | -638.4% | -250.2% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -19.5% | 0.7% | -0.0% |
Datos por Acción (10 años)
| Año | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.16 | $-3.18 | $-0.07 | $-0.14 | $-3.70 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $40.0M | $1.7M | $42.7M | $44.6M | $3.1M |
Qué mirar en empresas de Technology
- 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 | -140.63% |
| Rentabilidad sobre capital invertido | -85.86% |
| Rentabilidad sobre activos | -81.01% |
| Margen bruto | 3.04% |
| Margen operativo | -447.26% |
| Margen neto | -480.01% |
Salud financiera
| Deuda / Patrimonio | 0.23 |
| Ratio corriente | 2.13 |
| Piotroski F-Score | 7 |
| Altman Z-Score | -3.44 |
Ratios Clave (10 años)
| Año | 2021 | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|
| P/E | 0.00 | -78205.77 | -3128.23 | -1697.95 | -124.57 | -1.81 |
| P/VC | 0.00 | -76289.78 | 1313.66 | 85.96 | 2067.04 | 2.54 |
| P/V | 0.00 | 1332031.12 | 41230.23 | 11634.82 | 3400.00 | 7.05 |
| Margen Bruto | 0.0% | 45.3% | 30.1% | -799.4% | -261.2% | 54.3% |
| Margen Operativo | 0.0% | -1581.3% | -1176.3% | -5208.8% | -706.4% | -349.4% |
| Margen Neto | 0.0% | -1761.6% | -1300.2% | -1028.6% | -2743.8% | -389.4% |