Estados financieros detallados de Ambarella, Inc. (AMBA): 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
Ambarella, Inc. registró ingresos de $390.7M en el último ejercicio fiscal, con un CAGR de 5 años del 11.9%.
Márgenes de los últimos 12 meses: margen bruto 58.3%, margen operativo -14.3%, margen neto -13.5%. El flujo de caja libre creció a un CAGR del 17.5% en 5 años.
Al precio actual de $62.77, AMBA presenta beneficios negativos (P/E no significativo) y un ROE del -9.34%. La capitalización bursátil es de $2.8B.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $310.3M | $295.4M | $227.8M | $228.7M | $223.0M | $331.9M | $337.6M | $226.5M | $284.9M | $390.7M |
| Coste de Ventas | $105.3M | $107.7M | $89.6M | $96.0M | $87.4M | $123.7M | $128.7M | $89.7M | $117.2M | $164.2M |
| Beneficio Bruto | $205.0M | $187.7M | $138.1M | $132.7M | $135.6M | $208.1M | $208.9M | $136.8M | $167.6M | $226.5M |
| I+D | $101.2M | $115.5M | $128.1M | $129.7M | $140.8M | $167.3M | $204.9M | $215.1M | $226.1M | $238.5M |
| Generales y Administrativos | $43.4M | $47.8M | $50.5M | $52.6M | $56.0M | $70.4M | $78.2M | $76.3M | $68.1M | $70.5M |
| Gastos Operativos | $144.7M | $163.3M | $178.6M | $182.4M | $196.7M | $237.8M | $283.2M | $291.4M | $294.2M | $309.0M |
| Beneficio Operativo | $60.4M | $24.4M | -$40.4M | -$49.6M | -$61.2M | -$29.6M | -$74.3M | -$154.6M | -$126.6M | -$82.5M |
| EBITDA | $61.9M | $29.2M | -$33.2M | -$38.0M | -$49.2M | -$14.6M | -$51.0M | -$123.7M | -$91.7M | -$48.1M |
| Gastos por Intereses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | $60.9M | $25.7M | -$34.6M | -$41.6M | -$57.3M | -$28.6M | -$70.9M | -$148.5M | -$117.7M | -$73.7M |
| Impuestos | $3.1M | $6.9M | -$4.1M | $3.2M | $2.5M | -$2.2M | -$5.6M | $20.9M | -$602000 | $2.2M |
| Beneficio Neto | $57.8M | $18.9M | -$30.4M | -$44.8M | -$59.8M | -$26.4M | -$65.4M | -$169.4M | -$117.1M | -$75.9M |
| BPA | $1.77 | $0.57 | $-0.93 | $-1.35 | $-1.72 | $-0.72 | $-1.70 | $-4.25 | $-2.84 | $-1.78 |
| BPA Diluido | $1.68 | $0.55 | $-0.93 | $-1.35 | $-1.72 | $-0.72 | $-1.70 | $-4.25 | $-2.84 | $-1.78 |
| Acciones en Circulación (Diluidas) | $34.3M | $34.6M | $32.7M | $33.1M | $34.7M | $36.6M | $38.4M | $39.9M | $41.3M | $42.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Ingresos | $108.5M | $100.9M | $100.4M | $108.1M |
| Beneficio Bruto | $63.4M | $58.4M | $59.3M | $62.4M |
| Beneficio Operativo | -$16.2M | -$17.2M | -$18.2M | -$8.1M |
| EBITDA | -$7.7M | -$10.4M | -$11.0M | -$6.3M |
| Beneficio Neto | -$15.1M | -$16.4M | -$18.1M | -$6.7M |
| BPA | $-0.35 | $-0.38 | $-0.41 | $-0.15 |
| BPA Diluido | $-0.35 | $-0.38 | $-0.41 | $-0.15 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $322.9M | $346.7M | $194.0M | $231.4M | $241.3M | $171.0M | $113.5M | $144.9M | $144.6M | $191.0M |
| Inversiones a Corto | $82.5M | $87.9M | $164.9M | $173.3M | $199.4M | 0 | $93.3M | $75.0M | $105.6M | $121.6M |
| Cuentas por Cobrar | $38.6M | $31.3M | $26.2M | $18.5M | $25.0M | $44.3M | $52.0M | $24.9M | $29.8M | $39.2M |
| Inventario | $20.1M | $23.4M | $18.3M | $23.0M | $26.1M | $45.2M | $40.5M | $29.0M | $34.4M | $52.2M |
| Activos Corrientes | $468.5M | $493.3M | $409.6M | $451.2M | $497.3M | $266.7M | $304.6M | $280.2M | $320.6M | $410.3M |
| Inmovilizado Material | $5.0M | $6.4M | $6.7M | $15.5M | $15.2M | $21.3M | $20.2M | $15.7M | $14.3M | $23.7M |
| Fondo de Comercio | $26.6M | $26.6M | $26.6M | $26.6M | $26.6M | $303.6M | $303.6M | $303.6M | $303.6M | $303.6M |
| Activos Intangibles | $4.1M | $14.4M | $10.9M | $17.8M | $18.7M | $46.3M | $58.5M | $55.1M | $47.3M | $58.0M |
| Activos Totales | $512.3M | $546.6M | $466.9M | $527.3M | $573.3M | $657.5M | $710.2M | $657.7M | $689.0M | $798.6M |
| Cuentas por Pagar | $20.0M | $19.8M | $12.8M | $14.9M | $21.1M | $31.2M | $17.8M | $28.5M | $21.8M | $54.0M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $54.4M | $53.2M | $39.0M | $53.5M | $74.0M | $89.3M | $83.5M | $83.0M | $121.0M | $177.9M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $57.6M | $64.5M | $47.4M | $79.2M | $98.3M | $110.4M | $104.1M | $97.8M | $127.6M | $203.8M |
| Reservas | $242.4M | $261.3M | $230.9M | $186.1M | $126.3M | $99.9M | $34.5M | -$134.9M | -$252.1M | -$327.9M |
| Patrimonio Neto | $454.6M | $482.2M | $419.5M | $448.1M | $475.0M | $547.2M | $606.1M | $559.9M | $561.4M | $594.8M |
| Deuda Total | 0 | 0 | 0 | $10.2M | $10.4M | $11.7M | $8.6M | $5.3M | $5.3M | $13.4M |
| Deuda Neta | -$405.4M | -$434.6M | -$358.9M | -$394.6M | -$430.3M | -$159.3M | -$198.2M | -$214.6M | -$245.0M | -$299.1M |
| Capital Circulante | $414.1M | $440.0M | $370.6M | $397.7M | $423.3M | $177.5M | $221.2M | $197.2M | $199.6M | $232.3M |
Balance (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caja y Equivalentes | $174.1M | $191.0M | $114.4M | $101.8M |
| Activos Totales | $751.9M | $798.6M | $794.8M | $780.2M |
| Pasivos Totales | $161.8M | $203.8M | $189.0M | $159.9M |
| Patrimonio Neto | $590.1M | $594.8M | $605.8M | $620.3M |
| Deuda Total | $13.6M | $13.4M | $13.3M | $12.6M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | $57.8M | $18.9M | -$30.4M | -$44.8M | -$59.8M | -$26.4M | -$65.4M | -$169.4M | -$117.1M | -$75.9M |
| Amortizaciones | $1.6M | $4.8M | $7.2M | $11.6M | $12.0M | $14.0M | $19.9M | $24.8M | $26.1M | $25.6M |
| Compensación en Acciones | $48.8M | $56.9M | $60.8M | $66.9M | $70.1M | $87.8M | $111.2M | $111.3M | $107.8M | $98.0M |
| Cambio en Capital Circulante | $4.8M | $4.6M | -$5.8M | $6.6M | $8.2M | -$32.7M | -$16.2M | $33.3M | $17.3M | $25.9M |
| Flujo de Caja Operativo | $113.3M | $85.4M | $24.5M | $39.4M | $30.8M | $38.8M | $44.1M | $19.0M | $33.8M | $73.5M |
| Inversiones (CapEx) | -$2.7M | -$3.7M | -$2.9M | -$1.8M | -$4.9M | -$9.7M | -$15.1M | -$12.0M | -$10.4M | -$15.5M |
| Adquisiciones | 0 | 0 | 0 | $6.8M | $3.0M | -$307.0M | $749000 | 0 | 0 | 0 |
| Recompra de Acciones | -$20.2M | -$54.8M | -$99.9M | 0 | -$1.0M | 0 | 0 | 0 | 0 | -$1.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $110.6M | $81.7M | $21.5M | $37.6M | $25.9M | $29.1M | $29.0M | $7.0M | $23.5M | $58.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Flujo de Caja Operativo | $34.3M | $18.9M | -$25.6M | -$260000 |
| Inversiones (CapEx) | -$2.9M | -$4.6M | -$4.0M | -$6.8M |
| Flujo de Caja Libre | $31.4M | $14.3M | -$29.6M | -$7.1M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $25.7M | $21.0M | $21.9M | $22.7M |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | -4.8% | -22.9% | +0.4% | -2.5% | +48.8% | +1.7% | -32.9% | +25.8% | +37.2% |
| Crecimiento Beneficio Neto (anual) | | -67.4% | -261.5% | -47.1% | -33.5% | +55.8% | -147.6% | -159.1% | +30.9% | +35.2% |
| Crecimiento BPA (anual) | | -67.8% | -263.2% | -45.2% | -27.4% | +58.1% | -136.1% | -150.0% | +33.2% | +37.3% |
| Cambio en Acciones (anual) | | +0.7% | -5.4% | +1.1% | +4.8% | +5.5% | +4.9% | +3.9% | +3.6% | +3.4% |
| Crecimiento FCF (anual) | | -26.1% | -73.7% | +74.6% | -31.2% | +12.6% | -0.3% | -75.7% | +232.8% | +147.3% |
| Margen Bruto | 66.1% | 63.6% | 60.7% | 58.0% | 60.8% | 62.7% | 61.9% | 60.4% | 58.8% | 58.0% |
| Margen Operativo | 19.5% | 8.3% | -17.7% | -21.7% | -27.4% | -8.9% | -22.0% | -68.2% | -44.4% | -21.1% |
| Margen EBITDA | 20.0% | 9.9% | -14.6% | -16.6% | -22.1% | -4.4% | -15.1% | -54.6% | -32.2% | -12.3% |
| Margen Neto | 18.6% | 6.4% | -13.4% | -19.6% | -26.8% | -8.0% | -19.4% | -74.8% | -41.1% | -19.4% |
| Margen FCF | 35.6% | 27.7% | 9.5% | 16.4% | 11.6% | 8.8% | 8.6% | 3.1% | 8.2% | 14.8% |
| Tasa Impositiva Efectiva | 5.0% | 26.7% | 11.9% | -7.6% | -4.3% | 7.8% | 7.8% | -14.1% | 0.5% | -2.9% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $3.22 | $2.36 | $0.66 | $1.14 | $0.75 | $0.80 | $0.76 | $0.18 | $0.57 | $1.36 |
| 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) | $32.7M | $33.2M | $32.7M | $33.1M | $34.7M | $36.6M | $38.4M | $39.9M | $41.3M | $42.7M |
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 | -9.34% |
| Rentabilidad sobre capital invertido | -9.29% |
| Rentabilidad sobre activos | -7.22% |
| Margen bruto | 58.29% |
| Margen operativo | -14.32% |
| Margen neto | -13.48% |
Salud financiera
| Deuda / Patrimonio | 0.02 |
| Ratio corriente | 2.85 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | 28.03 | 88.42 | -40.86 | -43.81 | -61.14 | -194.65 | -52.85 | -12.37 | -27.01 | -35.98 |
| P/VC | 3.57 | 3.47 | 2.96 | 4.37 | 7.68 | 9.37 | 5.69 | 3.74 | 5.64 | 4.60 |
| P/V | 5.22 | 5.67 | 5.46 | 8.55 | 16.35 | 15.45 | 10.21 | 9.26 | 11.12 | 7.00 |
| Margen Bruto | 66.1% | 63.6% | 60.7% | 58.0% | 60.8% | 62.7% | 61.9% | 60.4% | 58.8% | 58.0% |
| Margen Operativo | 19.5% | 8.3% | -17.7% | -21.7% | -27.4% | -8.9% | -22.0% | -68.2% | -44.4% | -21.1% |
| Margen Neto | 18.6% | 6.4% | -13.4% | -19.6% | -26.8% | -8.0% | -19.4% | -74.8% | -41.1% | -19.4% |