Estados financieros detallados de Ambiq Micro, Inc. (AMBQ): 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 43.6%, margen operativo -43.3%, margen neto -37.8%.
Al precio actual de $59.90, AMBQ presenta beneficios negativos (P/E no significativo) y un ROE del -15.21%. La capitalización bursátil es de $1.4B.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $51.0M | $91.0M | $65.5M | $76.1M | $72.5M |
| Coste de Ventas | $29.4M | $60.2M | $46.1M | $51.8M | $46.8M |
| Beneficio Bruto | $21.6M | $30.8M | $19.4M | $24.3M | $25.7M |
| I+D | $27.8M | $36.1M | $44.0M | $37.2M | $33.7M |
| Generales y Administrativos | $14.0M | $19.1M | $26.7M | $27.7M | $33.2M |
| Gastos Operativos | $41.8M | $55.9M | $70.8M | $64.9M | $66.8M |
| Beneficio Operativo | -$20.2M | -$25.1M | -$51.3M | -$40.6M | -$41.1M |
| EBITDA | -$18.3M | -$21.9M | -$42.6M | -$33.4M | -$29.2M |
| Gastos por Intereses | $4.6M | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$25.2M | -$25.3M | -$50.3M | -$39.6M | -$36.4M |
| Impuestos | $25000 | $25000 | $30000 | $28000 | $40000 |
| Beneficio Neto | -$25.2M | -$25.3M | -$50.3M | -$39.7M | -$36.5M |
| BPA | $-1.85 | $-0.10 | $-5.00 | $-3.13 | $-4.57 |
| BPA Diluido | $-1.85 | $-0.10 | $-5.00 | $-3.13 | $-4.57 |
| Acciones en Circulación (Diluidas) | $13.6M | $248.9M | $10.5M | $13.6M | $8.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $18.2M | $20.7M | $25.1M | $33.9M |
| Beneficio Bruto | $7.7M | $8.9M | $10.9M | $15.3M |
| Beneficio Operativo | -$10.0M | -$12.0M | -$11.7M | -$8.7M |
| EBITDA | -$7.2M | -$9.0M | -$8.4M | -$7.1M |
| Beneficio Neto | -$9.0M | -$10.7M | -$10.2M | -$7.1M |
| BPA | $-0.72 | $-0.58 | $-0.50 | $-0.32 |
| BPA Diluido | $-0.72 | $-0.58 | $-0.50 | $-0.32 |
Balance (10 años)
| Año | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $65.1M | $25.9M | $27.3M | $61.0M | $140.3M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $11.0M | $20.7M | $12.3M | $10.4M | $7.3M |
| Inventario | $7.4M | $33.7M | $21.5M | $15.0M | $16.9M |
| Activos Corrientes | $94.8M | $98.8M | $63.9M | $89.0M | $167.3M |
| Inmovilizado Material | $3.2M | $5.5M | $3.0M | $3.5M | $4.8M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $1.6M | $700000 | $5.6M | $11.7M | $11.6M |
| Activos Totales | $99.7M | $105.1M | $72.4M | $104.3M | $184.7M |
| Cuentas por Pagar | $2.8M | $11.0M | $2.4M | $2.9M | $8.6M |
| Deuda a Corto | 0 | 0 | 0 | 0 | $400000 |
| Pasivos Corrientes | $6.1M | $14.8M | $12.9M | $11.8M | $19.2M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $7.4M | $16.1M | $13.3M | $18.5M | $22.2M |
| Reservas | -$132.8M | -$158.1M | -$277.9M | -$320.2M | -$356.7M |
| Patrimonio Neto | $92.3M | $89.0M | $59.1M | $85.7M | $162.5M |
| Deuda Total | 0 | 0 | $1.0M | $966000 | $678000 |
| Deuda Neta | -$65.1M | -$25.9M | -$26.3M | -$60.0M | -$139.6M |
| Capital Circulante | $88.7M | $84.0M | $50.9M | $77.2M | $148.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $146.5M | $140.3M | $204.5M | $366.8M |
| Activos Totales | $186.7M | $184.7M | $259.5M | $435.6M |
| Pasivos Totales | $16.9M | $22.2M | $24.4M | $30.9M |
| Patrimonio Neto | $169.8M | $162.5M | $235.2M | $404.7M |
| Deuda Total | $771000 | $678000 | $2.1M | $4.6M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$25.2M | -$25.3M | -$50.3M | -$39.7M | -$36.5M |
| Amortizaciones | $1.9M | $2.6M | $7.7M | $6.2M | $7.2M |
| Compensación en Acciones | $702000 | $1.3M | $2.6M | $5.2M | $6.8M |
| Cambio en Capital Circulante | -$16.9M | -$36.6M | $12.9M | $5.1M | $3.5M |
| Flujo de Caja Operativo | -$34.6M | -$52.9M | -$27.0M | -$21.4M | -$19.7M |
| Inversiones (CapEx) | -$4.6M | -$4.6M | -$3.0M | -$3.7M | -$7.4M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$39.2M | -$57.5M | -$30.0M | -$25.2M | -$27.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$5.0M | -$4.1M | -$11.2M | -$9.5M |
| Inversiones (CapEx) | -$1.7M | -$2.6M | -$4.0M | -$197000 |
| Flujo de Caja Libre | -$6.7M | -$6.7M | -$15.2M | -$9.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $2.1M | $3.2M | $3.4M | $3.6M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +78.5% | -28.0% | +16.1% | -4.7% |
| Crecimiento Beneficio Neto (anual) | | -0.5% | -98.6% | +21.2% | +8.1% |
| Crecimiento BPA (anual) | | +94.6% | -4900.0% | +37.4% | -46.0% |
| Cambio en Acciones (anual) | | +1728.7% | -95.8% | +30.2% | -41.4% |
| Crecimiento FCF (anual) | | -46.6% | +47.9% | +16.1% | -7.8% |
| Margen Bruto | 42.3% | 33.8% | 29.7% | 31.9% | 35.4% |
| Margen Operativo | -39.7% | -27.6% | -78.3% | -53.4% | -56.7% |
| Margen EBITDA | -35.9% | -24.0% | -65.0% | -43.9% | -40.3% |
| Margen Neto | -49.5% | -27.8% | -76.8% | -52.1% | -50.3% |
| Margen FCF | -77.0% | -63.2% | -45.7% | -33.1% | -37.4% |
| Tasa Impositiva Efectiva | -0.1% | -0.1% | -0.1% | -0.1% | -0.1% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-2.88 | $-0.23 | $-2.87 | $-1.85 | $-3.40 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $13.6M | $248.9M | $10.5M | $13.5M | $8.0M |
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 | -15.21% |
| Rentabilidad sobre capital invertido | -10.33% |
| Rentabilidad sobre activos | -8.49% |
| Margen bruto | 43.62% |
| Margen operativo | -43.32% |
| Margen neto | -37.77% |
Salud financiera
| Deuda / Patrimonio | 0.01 |
| Ratio corriente | 15.95 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|
| P/E | -20.83 | -385.30 | -7.71 | -12.31 | -6.24 |
| P/VC | 5.68 | 107.74 | 6.81 | 6.09 | 1.40 |
| P/V | 10.29 | 105.37 | 6.15 | 6.86 | 3.14 |
| Margen Bruto | 42.3% | 33.8% | 29.7% | 31.9% | 35.4% |
| Margen Operativo | -39.7% | -27.6% | -78.3% | -53.4% | -56.7% |
| Margen Neto | -49.5% | -27.8% | -76.8% | -52.1% | -50.3% |