Estados financieros detallados de Alkami Technology, Inc. (ALKT): 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
Alkami Technology, Inc. registró ingresos de $443.6M en el último ejercicio fiscal, con un CAGR de 5 años del 31.7%.
Márgenes de los últimos 12 meses: margen bruto 57.0%, margen operativo -7.3%, margen neto -9.2%.
Al precio actual de $18.94, ALKT presenta beneficios negativos (P/E no significativo) y un ROE del -12.48%. La capitalización bursátil es de $2.0B.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Ingresos | $73.5M | $112.1M | $152.2M | $204.3M | $264.8M | $333.8M | $443.6M |
| Coste de Ventas | $43.1M | $53.0M | $68.4M | $95.9M | $120.7M | $137.2M | $187.0M |
| Beneficio Bruto | $30.4M | $59.2M | $83.8M | $108.3M | $144.1M | $196.6M | $256.6M |
| I+D | $32.7M | $40.2M | $48.8M | $69.3M | $84.7M | $96.2M | $118.4M |
| Generales y Administrativos | $40.2M | $53.1M | $74.6M | $108.1M | $121.5M | $143.4M | $181.0M |
| Gastos Operativos | $73.0M | $94.3M | $126.7M | $178.5M | $207.8M | $241.3M | $310.2M |
| Beneficio Operativo | -$42.5M | -$35.1M | -$42.9M | -$70.2M | -$63.7M | -$44.6M | -$53.6M |
| EBITDA | -$39.5M | -$48.1M | -$42.0M | -$47.1M | -$44.9M | -$29.6M | -$22.6M |
| Gastos por Intereses | $110000 | $489000 | $1.2M | $3.9M | $7.4M | $461000 | $9.5M |
| Beneficio Antes de Impuestos | -$41.9M | -$51.4M | -$46.6M | -$59.1M | -$62.9M | -$40.5M | -$59.0M |
| Impuestos | 0 | 0 | $172000 | -$461000 | $44000 | $308000 | -$11.3M |
| Beneficio Neto | -$41.9M | -$51.4M | -$46.8M | -$58.6M | -$62.9M | -$40.8M | -$47.7M |
| BPA | $-0.50 | $-0.67 | $-0.52 | $-0.64 | $-0.67 | $-0.41 | $-0.46 |
| BPA Diluido | $-0.50 | $-0.67 | $-0.52 | $-0.64 | $-0.67 | $-0.41 | $-0.46 |
| Acciones en Circulación (Diluidas) | $84.0M | $84.0M | $90.0M | $91.0M | $94.1M | $98.9M | $103.9M |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $12.0M | $166.8M | $308.6M | $108.7M | $40.9M | $94.4M | $63.5M |
| Inversiones a Corto | 0 | 0 | 0 | $87.6M | $51.2M | $21.4M | $35.6M |
| Cuentas por Cobrar | $9.8M | $14.1M | $20.8M | $26.2M | $35.5M | $38.7M | $51.5M |
| Inventario | $3.8M | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $28.3M | $188.5M | $345.2M | $242.2M | $148.6M | $181.4M | $187.2M |
| Inmovilizado Material | $11.3M | $10.5M | $11.8M | $28.2M | $32.7M | $36.6M | $40.1M |
| Fondo de Comercio | 0 | $16.2M | $48.1M | $148.0M | $148.1M | $148.1M | $403.4M |
| Activos Intangibles | $25000 | $8.3M | $11.2M | $42.6M | $35.8M | $29.0M | $158.9M |
| Activos Totales | $52.7M | $249.2M | $436.5M | $488.9M | $399.8M | $437.3M | $847.2M |
| Cuentas por Pagar | $354000 | $360000 | $3.6M | $4.3M | $7.5M | $6.1M | $5.8M |
| Deuda a Corto | $11000 | $313000 | $1.6M | $3.2M | 0 | 0 | 0 |
| Pasivos Corrientes | $18.4M | $20.5M | $33.2M | $41.6M | $39.4M | $45.6M | $89.5M |
| Deuda a Largo | 0 | $24.6M | $23.1M | $81.4M | 0 | 0 | $351.2M |
| Pasivos Totales | $38.1M | $69.4M | $91.9M | $154.8M | $74.9M | $80.2M | $485.2M |
| Reservas | -$195.7M | -$263.5M | -$313.9M | -$372.5M | -$435.4M | -$476.2M | -$523.9M |
| Patrimonio Neto | $14.6M | $179.7M | $344.6M | $334.0M | $324.9M | $357.0M | $362.0M |
| Deuda Total | $11000 | $24.9M | $24.6M | $104.1M | $19.3M | $18.5M | $368.5M |
| Deuda Neta | -$12.0M | -$141.9M | -$284.0M | -$92.3M | -$72.9M | -$97.3M | $269.5M |
| Capital Circulante | $9.9M | $168.0M | $312.0M | $200.6M | $109.2M | $135.8M | $97.7M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Beneficio Neto | -$41.9M | -$51.4M | -$46.8M | -$58.6M | -$62.9M | -$40.8M | -$47.7M |
| Amortizaciones | $2.2M | $2.8M | $3.4M | $8.1M | $10.6M | $10.5M | $26.9M |
| Compensación en Acciones | $1.2M | $2.0M | $14.5M | 0 | $51.2M | $59.4M | $76.2M |
| Cambio en Capital Circulante | -$226000 | -$7.4M | -$3.3M | -$16.5M | -$12.8M | -$9.8M | -$3.5M |
| Flujo de Caja Operativo | -$39.1M | -$38.1M | -$29.0M | -$37.8M | -$17.5M | $18.6M | $42.9M |
| Inversiones (CapEx) | -$3.7M | -$2.1M | -$3.7M | -$1.1M | -$6.3M | -$1.2M | -$1.5M |
| Adquisiciones | 0 | -$25.1M | -$18.3M | -$131.8M | 0 | 0 | -$375.5M |
| Recompra de Acciones | 0 | -$14.5M | -$3.5M | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | -$5.0M | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$42.8M | -$40.3M | -$32.7M | -$38.8M | -$23.8M | $17.4M | $41.4M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | +52.5% | +35.7% | +34.2% | +29.6% | +26.1% | +32.9% | |
| Crecimiento Beneficio Neto (anual) | -22.7% | +8.8% | -25.2% | -7.4% | +35.1% | -16.7% | |
| Crecimiento BPA (anual) | -34.0% | +22.4% | -23.1% | -4.7% | +38.8% | -12.2% | |
| Cambio en Acciones (anual) | +0.0% | +7.0% | +1.1% | +3.4% | +5.1% | +5.1% | |
| Crecimiento FCF (anual) | +5.8% | +19.0% | -19.0% | +38.7% | +173.1% | +137.7% | |
| Margen Bruto | 41.4% | 52.8% | 55.1% | 53.0% | 54.4% | 58.9% | 57.8% |
| Margen Operativo | -57.8% | -31.3% | -28.2% | -34.4% | -24.1% | -13.4% | -12.1% |
| Margen EBITDA | -53.8% | -42.9% | -27.6% | -23.1% | -16.9% | -8.9% | -5.1% |
| Margen Neto | -56.9% | -45.8% | -30.8% | -28.7% | -23.8% | -12.2% | -10.7% |
| Margen FCF | -58.2% | -35.9% | -21.5% | -19.0% | -9.0% | 5.2% | 9.3% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.4% | 0.8% | -0.1% | -0.8% | 19.2% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| FCF por Acción | $-0.51 | $-0.48 | $-0.36 | $-0.43 | $-0.25 | $0.18 | $0.40 |
| Dividendo por Acción | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $84.0M | $84.0M | $90.0M | $91.0M | $94.1M | $98.9M | $103.9M |
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 | -12.48% |
| Rentabilidad sobre capital invertido | -4.77% |
| Rentabilidad sobre activos | -5.43% |
| Margen bruto | 57.01% |
| Margen operativo | -7.31% |
| Margen neto | -9.21% |
Salud financiera
| Deuda / Patrimonio | 0.99 |
| Ratio corriente | 2.13 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 2.55 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| P/E | -86.00 | -64.18 | -38.58 | -22.80 | -36.19 | -89.46 | -50.15 |
| P/VC | 246.77 | 20.10 | 5.24 | 3.97 | 7.02 | 10.16 | 6.62 |
| P/V | 49.14 | 32.22 | 11.86 | 6.50 | 8.61 | 10.87 | 5.40 |
| Margen Bruto | 41.4% | 52.8% | 55.1% | 53.0% | 54.4% | 58.9% | 57.8% |
| Margen Operativo | -57.8% | -31.3% | -28.2% | -34.4% | -24.1% | -13.4% | -12.1% |
| Margen Neto | -56.9% | -45.8% | -30.8% | -28.7% | -23.8% | -12.2% | -10.7% |
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Explorar sector: Technology · Software - Application
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