Estados financieros detallados de Aeluma, Inc. (ALMU): 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 41.7%, margen operativo -130.5%, margen neto -115.6%.
Al precio actual de $13.43, ALMU presenta beneficios negativos (P/E no significativo) y un ROE del -16.88%. La capitalización bursátil es de $246M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | 0 | 0 | $193339 | $919000 | $4.7M |
| Coste de Ventas | 0 | 0 | 0 | $109395 | $619000 | $1.9M |
| Beneficio Bruto | 0 | 0 | 0 | $83944 | $300000 | $2.8M |
| I+D | 0 | 0 | $1.1M | $2.5M | $2.5M | $1.3M |
| Generales y Administrativos | $299 | $11670 | $2.2M | $3.1M | $2.4M | $3.6M |
| Gastos Operativos | $299 | $11670 | $3.7M | $5.6M | $4.9M | $4.9M |
| Beneficio Operativo | -$299 | -$11670 | -$3.7M | -$5.5M | -$4.6M | -$2.1M |
| EBITDA | 0 | -$11670 | -$3.6M | -$5.3M | -$4.3M | -$1.9M |
| Gastos por Intereses | 0 | $1000 | 0 | 0 | 0 | $715000 |
| Beneficio Antes de Impuestos | -$299 | -$12670 | -$3.5M | -$5.4M | -$4.6M | -$3.0M |
| Impuestos | 0 | $800 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$299 | -$13470 | -$3.5M | -$5.4M | -$4.6M | -$3.0M |
| BPA | $-0.00 | $-0.00 | $-0.32 | $-0.47 | $-0.37 | $-0.23 |
| BPA Diluido | $-0.00 | $-0.00 | $-0.32 | $-0.47 | $-0.37 | $-0.23 |
| Acciones en Circulación (Diluidas) | $10.7M | $10.7M | $10.7M | $11.4M | $12.3M | $13.2M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $1.4M | $1.3M | $1.2M | $582000 |
| Beneficio Bruto | $684000 | $353000 | $386000 | $149000 |
| Beneficio Operativo | -$1.6M | -$2.1M | -$2.1M | -$4.4M |
| EBITDA | -$1.4M | -$1.7M | -$2.0M | -$4.1M |
| Beneficio Neto | -$1.5M | -$1.9M | -$1.8M | -$4.0M |
| BPA | $-0.09 | $-0.10 | $-0.10 | $-0.23 |
| BPA Diluido | $-0.09 | $-0.10 | $-0.10 | $-0.23 |
Balance (10 años)
| Año | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $6.8M | $3.7M | $5.1M | $1.3M | $3.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | $12.1M |
| Cuentas por Cobrar | 0 | 0 | $189239 | $60000 | $962000 |
| Inventario | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $7.5M | $4.4M | $5.3M | $1.4M | $17.3M |
| Inmovilizado Material | $729176 | $1.5M | $1.8M | $2.4M | $2.1M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $14833 | $12833 | $9833 | $7000 | $4000 |
| Activos Totales | $9.1M | $5.9M | $7.2M | $3.8M | $19.4M |
| Cuentas por Pagar | $68575 | $114100 | $461797 | $317000 | $361000 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $287100 | $372439 | $757099 | $627000 | $705000 |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $897556 | $831144 | $1.1M | $1.6M | $1.5M |
| Reservas | -$230922 | -$3.7M | -$9.1M | -$13.6M | -$16.6M |
| Patrimonio Neto | $8.2M | $5.1M | $6.1M | $2.3M | $17.9M |
| Deuda Total | $767596 | $615693 | $458662 | $1.1M | $941000 |
| Deuda Neta | -$6.0M | -$3.1M | -$4.6M | -$221000 | -$14.8M |
| Capital Circulante | $7.2M | $4.1M | $4.6M | $766000 | $16.6M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $25.9M | $38.6M | $37.8M | $56.0M |
| Activos Totales | $42.7M | $42.6M | $42.5M | $60.7M |
| Pasivos Totales | $1.8M | $1.8M | $2.4M | $3.7M |
| Patrimonio Neto | $40.9M | $40.8M | $40.1M | $56.9M |
| Deuda Total | $1.2M | $1.1M | $1.1M | $2.0M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$299 | -$13470 | -$3.5M | -$5.4M | -$4.6M | -$3.0M |
| Amortizaciones | 0 | 0 | $98987 | $206458 | $311000 | $415000 |
| Compensación en Acciones | 0 | 0 | $204011 | $448444 | $732000 | $1.9M |
| Cambio en Capital Circulante | 0 | $12093 | $46766 | $166244 | $31000 | -$1.4M |
| Flujo de Caja Operativo | -$299 | -$1377 | -$2.3M | -$3.6M | -$3.5M | -$1.1M |
| Inversiones (CapEx) | 0 | -$106228 | -$955667 | -$672545 | -$322000 | -$161000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$4000 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$299 | -$107605 | -$3.2M | -$4.3M | -$3.8M | -$1.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$815000 | -$251000 | -$577000 | -$1.6M |
| Inversiones (CapEx) | -$210000 | -$31000 | -$198000 | -$451000 |
| Flujo de Caja Libre | -$1.0M | -$282000 | -$775000 | -$2.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.1M | $1.1M | $1.1M | $1.3M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | | | | +375.3% | +407.6% |
| Crecimiento Beneficio Neto (anual) | | -4405.0% | -25525.1% | -55.9% | +15.2% | +33.8% |
| Crecimiento BPA (anual) | | -4530.4% | -24515.4% | -46.9% | +21.3% | +37.8% |
| Cambio en Acciones (anual) | | +0.0% | -0.0% | +6.8% | +8.1% | +7.1% |
| Crecimiento FCF (anual) | | -35888.3% | -2881.7% | -34.3% | +12.4% | +65.3% |
| Margen Bruto | | | | 43.4% | 32.6% | 59.6% |
| Margen Operativo | | | | -2849.8% | -496.5% | -45.9% |
| Margen EBITDA | | | | -2743.0% | -462.6% | -40.6% |
| Margen Neto | | | | -2782.5% | -496.4% | -64.8% |
| Margen FCF | | | | -2229.5% | -411.0% | -28.1% |
| Tasa Impositiva Efectiva | -0.0% | -6.3% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.00 | $-0.01 | $-0.30 | $-0.38 | $-0.31 | $-0.10 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $10.7M | $10.7M | $10.7M | $11.4M | $12.3M | $13.2M |
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 | -16.88% |
| Rentabilidad sobre capital invertido | -11.37% |
| Rentabilidad sobre activos | -15.57% |
| Margen bruto | 41.73% |
| Margen operativo | -130.54% |
| Margen neto | -115.56% |
Salud financiera
| Deuda / Patrimonio | 0.03 |
| Ratio corriente | 26.10 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 85.47 |
Ratios Clave (10 años)
| Año | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -71237.50 | -1538.46 | -6.25 | -6.17 | -9.59 | -71.17 |
| P/VC | 0.00 | 2.60 | 4.18 | 5.40 | 19.18 | 12.04 |
| P/V | 0.00 | 0.00 | 0.00 | 170.69 | 47.51 | 46.21 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 43.4% | 32.6% | 59.6% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | -2849.8% | -496.5% | -45.9% |
| Margen Neto | 0.0% | 0.0% | 0.0% | -2782.5% | -496.4% | -64.8% |