Estados financieros detallados de Arbe Robotics Ltd. (ARBE): 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
Arbe Robotics Ltd. registró ingresos de $1.0M en el último ejercicio fiscal, con un CAGR de 5 años del 25.3%.
Márgenes de los últimos 12 meses: margen bruto -24.2%, margen operativo -23.6%, margen neto -21.2%.
Al precio actual de $0.67, ARBE presenta beneficios negativos (P/E no significativo) y un ROE del -88.73%. La capitalización bursátil es de $82M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | $332000 | $2.2M | $3.5M | $1.5M | $768000 | $1.0M |
| Coste de Ventas | $237000 | $340000 | $1.4M | $1.3M | $1.5M | $1.6M | $1.8M |
| Beneficio Bruto | -$237000 | -$8000 | $809000 | $2.2M | -$38000 | -$785000 | -$802000 |
| I+D | $22.0M | $12.8M | $28.6M | $36.7M | $34.1M | $35.1M | $34.8M |
| Generales y Administrativos | $3.1M | $2.2M | $5.5M | $13.2M | $12.8M | $13.8M | $12.6M |
| Gastos Operativos | $25.1M | $14.9M | $34.1M | $50.0M | $46.8M | $48.9M | $47.4M |
| Beneficio Operativo | -$25.1M | -$15.0M | -$33.3M | -$47.7M | -$46.9M | -$49.7M | -$48.2M |
| EBITDA | -$24.9M | -$14.7M | -$32.9M | -$40.0M | -$42.9M | -$48.7M | -$45.9M |
| Gastos por Intereses | $475000 | $667000 | $24.8M | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$25.6M | -$15.6M | -$58.1M | -$40.5M | -$43.5M | -$49.3M | -$46.4M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$26.1M | -$15.6M | -$58.1M | -$40.5M | -$43.5M | -$49.3M | -$46.4M |
| BPA | $-2.85 | $-0.26 | $-1.38 | $-0.49 | $-0.61 | $-0.61 | $-0.41 |
| BPA Diluido | $-2.85 | $-0.26 | $-1.37 | $-0.49 | $-0.61 | $-0.61 | $-0.41 |
| Acciones en Circulación (Diluidas) | $9.2M | $62.1M | $60.4M | $68.5M | $72.0M | $80.9M | $111.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $254000 | $458000 | $461000 | $703000 |
| Beneficio Bruto | -$243000 | -$76000 | -$127000 | -$6000 |
| Beneficio Operativo | -$11.5M | -$11.9M | -$11.3M | -$9.8M |
| EBITDA | -$10.9M | -$11.3M | -$9.3M | -$9.7M |
| Beneficio Neto | -$11.0M | -$11.4M | -$9.4M | -$9.1M |
| BPA | $-0.10 | $-0.09 | $-0.08 | $-0.07 |
| BPA Diluido | $-0.10 | $-0.09 | $-0.08 | $-0.07 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $7.0M | $2.9M | $100.8M | $54.2M | $28.6M | $13.5M | $4.3M |
| Inversiones a Corto | $10.0M | $168000 | 0 | $400000 | $15.4M | $10.8M | $40.7M |
| Cuentas por Cobrar | 0 | $137000 | $3.2M | $4.0M | $3.2M | $2.6M | $571000 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $17.4M | $4.0M | $104.2M | $58.8M | $47.4M | $57.6M | $71.8M |
| Inmovilizado Material | $456000 | $384000 | $1.2M | $2.1M | $3.0M | $3.2M | $2.8M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $17.9M | $4.4M | $105.3M | $60.8M | $50.5M | $60.8M | $74.6M |
| Cuentas por Pagar | $2.3M | $1.2M | $2.0M | $1.2M | $1.1M | $624000 | $774000 |
| Deuda a Corto | $2.0M | $1.9M | $4.9M | 0 | 0 | $30.6M | $25.4M |
| Pasivos Corrientes | $6.4M | $5.3M | $15.5M | $10.4M | $6.2M | $36.4M | $32.5M |
| Deuda a Largo | $2.2M | $2.7M | 0 | 0 | 0 | 0 | $1.2M |
| Pasivos Totales | $9.0M | $9.1M | $25.5M | $12.1M | $8.4M | $38.3M | $33.8M |
| Reservas | -$45.9M | -$61.6M | -$119.6M | -$160.1M | -$203.6M | -$253.0M | -$298.1M |
| Patrimonio Neto | $8.9M | -$4.7M | $79.8M | $48.8M | $42.1M | $22.5M | $40.8M |
| Deuda Total | $4.2M | $4.6M | $4.9M | $381000 | $1.7M | $32.6M | $27.9M |
| Deuda Neta | -$12.8M | $1.5M | -$95.9M | -$54.2M | -$42.2M | $8.3M | -$17.1M |
| Capital Circulante | $11.1M | -$1.2M | $88.7M | $48.3M | $41.2M | $21.2M | $39.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $13.1M | $4.3M | $8.3M | $30.4M |
| Activos Totales | $66.1M | $74.6M | $83.3M | $72.2M |
| Pasivos Totales | $17.0M | $33.8M | $34.7M | $31.7M |
| Patrimonio Neto | $49.1M | $40.8M | $48.6M | $40.5M |
| Deuda Total | $12.9M | $27.9M | $25.7M | $25.9M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$25.6M | -$15.6M | -$58.1M | -$40.5M | -$43.5M | -$49.3M | -$46.4M |
| Amortizaciones | $237000 | $228000 | $342000 | $481000 | $557000 | $1.3M | $538000 |
| Compensación en Acciones | $411000 | $491000 | $2.3M | $9.1M | $13.6M | $15.7M | $9.8M |
| Cambio en Capital Circulante | $2.1M | -$1.5M | $4.5M | -$1.4M | -$3.5M | $293000 | $3.2M |
| Flujo de Caja Operativo | -$22.6M | -$15.3M | -$26.4M | -$40.4M | -$33.5M | -$32.5M | -$38.1M |
| Inversiones (CapEx) | -$227000 | -$156000 | -$784000 | -$918000 | -$249000 | -$622000 | -$303000 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$22.8M | -$15.4M | -$27.2M | -$41.3M | -$33.8M | -$33.1M | -$38.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$11.1M | -$9.0M | -$8.6M | -$11.9M |
| Inversiones (CapEx) | -$190000 | -$29000 | 0 | -$44000 |
| Flujo de Caja Libre | -$11.3M | -$9.0M | -$8.6M | -$12.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $2.0M | $2.2M | $1.2M | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | | +577.4% | +56.4% | -58.2% | -47.8% | +33.6% |
| Crecimiento Beneficio Neto (anual) | | +40.1% | -271.8% | +30.3% | -7.4% | -13.4% | +5.9% |
| Crecimiento BPA (anual) | | +90.9% | -430.8% | +64.5% | -24.5% | +0.0% | +32.8% |
| Cambio en Acciones (anual) | | +578.8% | -2.8% | +13.4% | +5.2% | +12.4% | +37.6% |
| Crecimiento FCF (anual) | | +32.2% | -76.2% | -51.8% | +18.2% | +1.9% | -16.0% |
| Margen Bruto | | -2.4% | 36.0% | 63.5% | -2.6% | -102.2% | -78.2% |
| Margen Operativo | | -4505.4% | -1479.7% | -1357.2% | -3189.5% | -6465.2% | -4698.3% |
| Margen EBITDA | | -4436.7% | -1464.5% | -1137.7% | -2921.3% | -6345.3% | -4472.0% |
| Margen Neto | | -4706.3% | -2583.0% | -1151.4% | -2959.2% | -6421.5% | -4524.5% |
| Margen FCF | | -4650.9% | -1209.4% | -1173.7% | -2296.7% | -4313.0% | -3745.2% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-2.49 | $-0.25 | $-0.45 | $-0.60 | $-0.47 | $-0.41 | $-0.34 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $9.2M | $62.1M | $60.3M | $68.5M | $72.0M | $80.8M | $111.4M |
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 | -88.73% |
| Rentabilidad sobre capital invertido | -67.17% |
| Rentabilidad sobre activos | -55.40% |
| Margen bruto | -24.17% |
| Margen operativo | -2362.77% |
| Margen neto | -2119.10% |
Salud financiera
| Deuda / Patrimonio | 0.64 |
| Ratio corriente | 2.30 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -3.39 | -39.00 | -6.74 | -6.96 | -3.57 | -3.05 | -2.88 |
| P/VC | 9.90 | -133.57 | 7.02 | 4.79 | 3.73 | 6.68 | 3.22 |
| P/V | 0.00 | 1897.75 | 249.24 | 66.41 | 106.81 | 195.80 | 128.10 |
| Margen Bruto | 0.0% | -2.4% | 36.0% | 63.5% | -2.6% | -102.2% | -78.2% |
| Margen Operativo | 0.0% | -4505.4% | -1479.7% | -1357.2% | -3189.5% | -6465.2% | -4698.3% |
| Margen Neto | 0.0% | -4706.3% | -2583.0% | -1151.4% | -2959.2% | -6421.5% | -4524.5% |