Estados financieros detallados de Altimmune, Inc. (ALT): 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
Altimmune, Inc. registró ingresos de $41000 en el último ejercicio fiscal, con un CAGR de 5 años del -65.3%.
Márgenes de los últimos 12 meses: margen bruto -483.1%, margen operativo -3233.1%, margen neto -2960.0%.
Al precio actual de $3.24, ALT presenta beneficios negativos (P/E no significativo) y un ROE del -31.41%. La capitalización bursátil es de $630M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $5.2M | $41503 | $10.3M | $5.8M | $8.2M | $4.4M | -$68000 | $426000 | $20000 | $41000 |
| Coste de Ventas | $7.2M | $18.4M | $18.5M | 0 | $33.5M | 0 | 0 | 0 | 0 | 0 |
| Beneficio Bruto | -$2.0M | -$18.4M | -$8.1M | $5.8M | -$25.3M | $4.4M | -$68000 | $426000 | $20000 | $41000 |
| I+D | $4.8M | $18.4M | $18.5M | $17.8M | $49.8M | $74.5M | $70.5M | $65.8M | $82.2M | $66.4M |
| Generales y Administrativos | $11.5M | $8.5M | $9.8M | $8.5M | $13.2M | $15.4M | $17.1M | $18.1M | $21.0M | $28.1M |
| Gastos Operativos | $16.5M | $16.2M | $28.2M | $27.3M | $29.5M | $101.3M | $87.7M | $96.4M | $103.2M | $94.5M |
| Beneficio Operativo | -$11.3M | -$52.0M | -$42.8M | -$21.5M | -$54.8M | -$96.9M | -$87.7M | -$95.9M | -$103.2M | -$94.5M |
| EBITDA | -$10.9M | -$51.8M | -$44.7M | -$20.2M | -$38.1M | -$96.5M | -$84.4M | -$87.9M | -$94.8M | -$87.0M |
| Gastos por Intereses | $38499 | $162139 | $297090 | $2244 | $9421 | $5000 | $8000 | $35000 | $9000 | $1.6M |
| Beneficio Antes de Impuestos | $205.0M | -$52.1M | -$45.3M | -$20.6M | -$43.6M | -$97.1M | -$84.9M | -$88.4M | -$95.1M | -$88.8M |
| Impuestos | $11.2M | -$5.6M | -$6.1M | -$58500 | $5.4M | 0 | -$197000 | 0 | 0 | -$681000 |
| Beneficio Neto | $193.9M | -$46.4M | -$39.2M | -$20.5M | -$49.0M | -$97.1M | -$84.7M | -$88.4M | -$95.1M | -$88.1M |
| BPA | $-49.80 | $-108.77 | $-13.98 | $-1.56 | $-1.91 | $-2.35 | $-1.81 | $-1.66 | $-1.34 | $-1.00 |
| BPA Diluido | $-49.80 | $-108.77 | $-13.98 | $-1.56 | $-1.91 | $-2.35 | $-1.81 | $-1.66 | $-1.34 | $-1.00 |
| Acciones en Circulación (Diluidas) | $230382 | $426832 | $2.8M | $13.1M | $25.6M | $41.3M | $46.9M | $53.2M | $71.0M | $88.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $5000 | $26000 | 0 | 0 |
| Beneficio Bruto | -$15.0M | $26000 | -$23000 | -$23000 |
| Beneficio Operativo | -$20.9M | -$28.9M | -$24.2M | -$26.2M |
| EBITDA | -$18.5M | -$26.5M | -$21.5M | -$26.2M |
| Beneficio Neto | -$19.0M | -$27.4M | -$22.6M | -$22.8M |
| BPA | $-0.21 | $-0.27 | $-0.18 | $-0.12 |
| BPA Diluido | $-0.21 | $-0.27 | $-0.18 | $-0.12 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $154.0M | $8.8M | $33.7M | $9.0M | $115.9M | $190.3M | $111.1M | $135.1M | $36.9M | $43.8M |
| Inversiones a Corto | $66.8M | 0 | 0 | $28.3M | $100.0M | 0 | $73.8M | $62.7M | $95.0M | $229.7M |
| Cuentas por Cobrar | $999145 | $10.2M | $4.5M | $1.7M | $12.4M | $5.8M | $2.5M | $4.9M | $3.1M | $1.7M |
| Inventario | 0 | $3.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $222.3M | $23.5M | $39.4M | $39.4M | $230.3M | $204.1M | $192.8M | $209.6M | $137.3M | $278.2M |
| Inmovilizado Material | $120944 | $603146 | $1.3M | $1.8M | $2.0M | $1.4M | $1.1M | $651000 | $413000 | $312000 |
| Fondo de Comercio | $18.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $15.0M | $38.7M | $13.9M | $12.7M | $12.8M | $12.4M | $12.4M | 0 | 0 | 0 |
| Activos Totales | $224.7M | $63.0M | $54.8M | $54.1M | $245.1M | $218.9M | $206.9M | $210.6M | $139.3M | $279.9M |
| Cuentas por Pagar | $2.0M | $129075 | $372860 | $18232 | $612293 | $2.0M | $4.8M | $2.1M | $211000 | $2.7M |
| Deuda a Corto | $458629 | $49702 | $71596 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $204.8M | $3.8M | $4.5M | $3.9M | $12.0M | $18.3M | $17.1M | $12.1M | $10.5M | $15.0M |
| Deuda a Largo | $525950 | $599927 | $501174 | 0 | 0 | 0 | 0 | 0 | 0 | $34.3M |
| Pasivos Totales | $205.3M | $14.4M | $6.4M | $8.5M | $19.2M | $19.7M | $21.6M | $16.5M | $15.8M | $55.0M |
| Reservas | -$29.9M | -$77.7M | -$116.9M | -$137.4M | -$186.4M | -$293.2M | -$377.9M | -$466.3M | -$561.4M | -$649.5M |
| Patrimonio Neto | $19.5M | $48.7M | $48.3M | $45.5M | $225.9M | $199.1M | $185.3M | $194.1M | $123.5M | $224.9M |
| Deuda Total | $984580 | $49702 | $572770 | $1.7M | $1.8M | $1.5M | $1.1M | $671000 | $1.7M | $35.7M |
| Deuda Neta | -$219.8M | -$8.7M | -$33.1M | -$35.5M | -$214.1M | -$188.8M | -$183.8M | -$197.1M | -$130.2M | -$237.8M |
| Capital Circulante | $17.4M | $19.6M | $34.8M | $35.5M | $218.2M | $185.8M | $175.8M | $197.5M | $126.8M | $263.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $61.2M | $43.8M | $97.6M | $63.0M |
| Activos Totales | $218.4M | $279.9M | $335.6M | $527.2M |
| Pasivos Totales | $32.8M | $55.0M | $51.6M | $53.0M |
| Patrimonio Neto | $185.6M | $224.9M | $284.0M | $474.2M |
| Deuda Total | $15.9M | $35.7M | $35.8M | $35.7M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $193.9M | -$46.4M | -$39.2M | -$20.5M | -$49.0M | -$97.1M | -$84.7M | -$88.4M | -$95.1M | -$88.1M |
| Amortizaciones | $143437 | $139019 | $302369 | $387321 | $428878 | $551000 | $493000 | $477000 | $238000 | $112000 |
| Compensación en Acciones | $2.2M | $1.4M | $773248 | 0 | $2.6M | $5.5M | $8.1M | $10.6M | $14.4M | $16.1M |
| Cambio en Capital Circulante | $4.2M | -$11.3M | $7.0M | $1.8M | -$4.5M | -$251000 | $14.1M | -$8.3M | $4.5M | $6.8M |
| Flujo de Caja Operativo | $201.5M | -$20.2M | -$9.4M | -$9.6M | -$34.3M | -$78.2M | -$62.6M | -$75.8M | -$79.8M | -$67.5M |
| Inversiones (CapEx) | -$30687 | -$166327 | -$1.0M | -$1223 | -$342421 | -$12.3M | -$126000 | -$47000 | 0 | -$11000 |
| Adquisiciones | 0 | $13.7M | $14492 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | -$2.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $201.5M | -$20.4M | -$10.4M | -$9.6M | -$34.6M | -$90.5M | -$62.7M | -$75.9M | -$79.8M | -$67.5M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$11.9M | -$19.4M | -$20.9M | -$24.2M |
| Inversiones (CapEx) | 0 | -$1000 | -$21000 | -$32000 |
| Flujo de Caja Libre | -$11.9M | -$19.4M | -$21.0M | -$24.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $3.6M | $4.9M | $3.4M | $2.8M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -99.2% | +24792.6% | -43.8% | +41.1% | -46.1% | -101.5% | +726.5% | -95.3% | +105.0% |
| Crecimiento Beneficio Neto (anual) | | -123.9% | +15.6% | +47.6% | -139.0% | -98.0% | +12.7% | -4.4% | -7.5% | +7.3% |
| Crecimiento BPA (anual) | | -118.4% | +87.1% | +88.8% | -22.4% | -23.0% | +23.0% | +8.3% | +19.3% | +25.4% |
| Cambio en Acciones (anual) | | +85.3% | +556.6% | +368.3% | +95.3% | +61.0% | +13.7% | +13.5% | +33.3% | +24.1% |
| Crecimiento FCF (anual) | | -110.1% | +48.9% | +7.7% | -260.8% | -161.3% | +30.7% | -21.0% | -5.3% | +15.4% |
| Margen Bruto | -38.1% | -44249.4% | -78.7% | 100.0% | -309.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Margen Operativo | -215.4% | -125401.2% | -414.6% | -370.0% | -669.5% | -2197.6% | 129029.4% | -22518.5% | -515860.0% | -230461.0% |
| Margen EBITDA | -208.7% | -124720.2% | -432.9% | -348.0% | -465.5% | -2189.0% | 124130.9% | -20642.0% | -474060.0% | -212258.5% |
| Margen Neto | 3706.4% | -111860.3% | -379.2% | -353.7% | -599.2% | -2201.6% | 124577.9% | -20762.2% | -475295.0% | -214861.0% |
| Margen FCF | 3852.2% | -49105.9% | -100.7% | -165.5% | -423.3% | -2053.3% | 92223.5% | -17806.8% | -399240.0% | -164746.3% |
| Tasa Impositiva Efectiva | 5.4% | 10.8% | 13.6% | 0.3% | -12.4% | -0.0% | 0.2% | -0.0% | -0.0% | 0.8% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $874.54 | $-47.75 | $-3.71 | $-0.73 | $-1.35 | $-2.19 | $-1.34 | $-1.42 | $-1.12 | $-0.77 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $230382 | $426832 | $2.8M | $13.1M | $25.6M | $41.3M | $46.9M | $53.2M | $71.0M | $88.1M |
Qué mirar en Biotech
La mayoría de biotechs pequeñas pierden dinero. Analizarlas con P/E no tiene sentido — mira caja y pipeline.
- Cash Runway — Meses de caja al ritmo de gasto actual. <18 meses = riesgo de dilución urgente
- Cash burn anual — Ritmo al que queman caja operativa. Comparar con posición de caja para proyectar runway
- Total Debt — Biotech sin ingresos + deuda = receta para bancarrota
- I+D / Capitalización — Cuánto invierten en pipeline vs lo que vale la empresa — indicador de intensidad investigadora
- Market cap / Cash — Si cotiza cerca de su caja, el mercado le da ~0 valor al pipeline — puede ser oportunidad o trampa
Rentabilidad
| Rentabilidad sobre capital | -31.41% |
| Rentabilidad sobre capital invertido | -19.47% |
| Rentabilidad sobre activos | -17.40% |
| Margen bruto | -48306.45% |
| Margen operativo | -323306.45% |
| Margen neto | -296000.00% |
Salud financiera
| Deuda / Patrimonio | 0.08 |
| Ratio corriente | 26.78 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 0.23 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -2.67 | -0.55 | -0.15 | -1.21 | -5.91 | -3.90 | -9.09 | -6.78 | -5.38 | -3.61 |
| P/VC | 1.58 | 0.52 | 0.12 | 0.54 | 1.28 | 1.90 | 4.17 | 3.09 | 4.14 | 1.41 |
| P/V | 5.87 | 613.98 | 0.56 | 4.28 | 35.33 | 85.75 | -11352.04 | 1406.17 | 25596.73 | 7757.46 |
| Margen Bruto | -38.1% | -44249.4% | -78.7% | 100.0% | -309.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Margen Operativo | -215.4% | -125401.2% | -414.6% | -370.0% | -669.5% | -2197.6% | 129029.4% | -22518.5% | -515860.0% | -230461.0% |
| Margen Neto | 3706.4% | -111860.3% | -379.2% | -353.7% | -599.2% | -2201.6% | 124577.9% | -20762.2% | -475295.0% | -214861.0% |