Estados financieros detallados de BioCardia, Inc. (BCDA): 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 0.0%, margen operativo 0.0%, margen neto 0.0%.
Al precio actual de $1.25, BCDA presenta beneficios negativos (P/E no significativo) y un ROE del -9.19%. La capitalización bursátil es de $19M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $576000 | $479000 | $625000 | $710000 | $145000 | $1.0M | $1.4M | $477000 | $58000 | 0 |
| Coste de Ventas | $746000 | $690000 | $517000 | $358000 | $4000 | $640000 | $8.8M | $7.7M | $4.4M | $505000 |
| Beneficio Bruto | -$170000 | -$211000 | $108000 | $352000 | $141000 | $375000 | -$7.5M | -$7.2M | -$4.3M | -$505000 |
| I+D | $3.3M | $5.8M | $8.5M | $8.6M | $9.8M | $8.6M | $8.8M | $7.7M | $4.4M | $5.0M |
| Generales y Administrativos | $4.1M | $6.4M | $5.8M | $6.0M | $5.9M | $5.1M | 0 | 0 | 0 | $3.3M |
| Gastos Operativos | $7.4M | $12.2M | $14.2M | $14.6M | $15.7M | $13.0M | $4.4M | $4.4M | $3.7M | $7.8M |
| Beneficio Operativo | -$7.6M | -$12.4M | -$14.1M | -$14.2M | -$15.5M | -$12.6M | -$11.9M | -$11.6M | -$8.0M | -$8.3M |
| EBITDA | -$8.5M | -$12.2M | -$13.9M | -$14.0M | -$14.4M | -$12.6M | -$11.8M | -$11.5M | -$7.9M | -$7.7M |
| Gastos por Intereses | $1.7M | 0 | 0 | $112000 | $3000 | 0 | $6000 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$10.3M | -$12.3M | -$14.0M | -$14.7M | -$15.0M | -$12.6M | -$11.9M | -$11.6M | -$7.9M | -$8.2M |
| Impuestos | 0 | 0 | -$115000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$10.3M | -$12.3M | -$14.0M | -$14.7M | -$15.0M | -$12.6M | -$11.9M | -$11.6M | -$7.9M | -$8.2M |
| BPA | $-166.33 | $-43.50 | $-48.80 | $-39.15 | $-22.20 | $-11.19 | $-10.05 | $-8.19 | $-2.90 | $-1.23 |
| BPA Diluido | $-166.33 | $-43.50 | $-48.80 | $-39.15 | $-22.20 | $-11.19 | $-10.05 | $-8.19 | $-2.90 | $-1.23 |
| Acciones en Circulación (Diluidas) | $61987 | $282671 | $284279 | $376289 | $674579 | $1.1M | $1.2M | $1.4M | $2.7M | $6.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Beneficio Bruto | -$107000 | -$185000 | -$124000 | -$124000 |
| Beneficio Operativo | -$1.5M | -$2.0M | -$2.3M | -$1.6M |
| EBITDA | -$1.4M | -$1.8M | -$2.1M | -$1.5M |
| Beneficio Neto | -$1.5M | -$2.0M | -$2.3M | -$1.6M |
| BPA | $-0.24 | $-0.18 | $-0.21 | $-0.13 |
| BPA Diluido | $-0.24 | $-0.18 | $-0.21 | $-0.13 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $21.4M | $12.7M | $5.4M | $5.6M | $21.4M | $12.9M | $7.4M | $1.1M | $2.4M | $2.5M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $74000 | $95000 | $274000 | $147000 | $232000 | $147000 | $201000 | $63000 | 0 | $20000 |
| Inventario | $135000 | $191000 | $141000 | $4000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $21.9M | $13.3M | $6.2M | $6.4M | $22.7M | $13.5M | $7.9M | $1.5M | $2.6M | $2.7M |
| Inmovilizado Material | $111000 | $169000 | $145000 | $1.2M | $712000 | $2.1M | $1.8M | $1.4M | $931000 | $510000 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $22.1M | $13.5M | $6.4M | $7.7M | $23.4M | $15.7M | $9.8M | $3.0M | $3.7M | $3.4M |
| Cuentas por Pagar | $525000 | $902000 | $743000 | $914000 | $746000 | $507000 | $683000 | $890000 | $385000 | $641000 |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $1.4M | $2.3M | $2.5M | $4.0M | $4.2M | $3.7M | $3.6M | $3.6M | $2.3M | $2.4M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $1.5M | $2.4M | $2.6M | $5.3M | $4.2M | $5.3M | $4.9M | $4.6M | $2.9M | $2.5M |
| Reservas | -$60.1M | -$72.5M | -$86.4M | -$101.1M | -$116.1M | -$128.7M | -$140.6M | -$152.2M | -$160.1M | -$168.3M |
| Patrimonio Neto | $20.6M | $11.1M | $3.8M | $2.4M | $19.2M | $10.4M | $4.9M | -$1.6M | $837000 | $895000 |
| Deuda Total | 0 | 0 | 0 | $1.1M | $614000 | $1.9M | $1.6M | $1.3M | $951000 | $528000 |
| Deuda Neta | -$21.4M | -$12.7M | -$5.4M | -$4.4M | -$20.8M | -$11.0M | -$5.7M | $212000 | -$1.4M | -$2.0M |
| Capital Circulante | $20.5M | $11.0M | $3.7M | $2.4M | $18.4M | $9.8M | $4.3M | -$2.1M | $301000 | $300000 |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $5.3M | $2.5M | $951000 | $4.1M |
| Activos Totales | $6.1M | $3.4M | $1.7M | $4.8M |
| Pasivos Totales | $3.5M | $2.5M | $2.8M | $2.1M |
| Patrimonio Neto | $2.6M | $895000 | -$1.1M | $2.7M |
| Deuda Total | $638000 | $528000 | $412000 | $293000 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$10.3M | -$12.3M | -$14.0M | -$14.7M | -$15.0M | -$12.6M | -$11.9M | -$11.6M | -$7.9M | -$8.2M |
| Amortizaciones | $39000 | $78000 | $88000 | $111000 | $68000 | $60000 | $82000 | $84000 | $67000 | $24000 |
| Compensación en Acciones | $942000 | $2.7M | $2.8M | $2.7M | $3.0M | $1.7M | $1.2M | $1.0M | $741000 | $430000 |
| Cambio en Capital Circulante | $510000 | $852000 | $56000 | $1.4M | $133000 | -$63000 | -$214000 | $129000 | -$1.2M | -$143000 |
| Flujo de Caja Operativo | -$5.5M | -$8.7M | -$11.1M | -$9.4M | -$12.4M | -$10.4M | -$10.6M | -$10.0M | -$8.0M | -$7.4M |
| Inversiones (CapEx) | 0 | -$136000 | -$66000 | -$146000 | -$32000 | -$116000 | -$70000 | -$12000 | -$6000 | -$7000 |
| Adquisiciones | $18.9M | -$18.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$5.5M | -$8.8M | -$11.1M | -$9.6M | -$12.4M | -$10.5M | -$10.6M | -$10.0M | -$8.0M | -$7.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.7M | -$2.5M | -$1.7M | -$1.7M |
| Inversiones (CapEx) | 0 | -$6000 | -$3000 | 0 |
| Flujo de Caja Libre | -$1.7M | -$2.5M | -$1.7M | -$1.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $77000 | $85000 | $113000 | $109000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -16.8% | +30.5% | +13.6% | -79.6% | +600.0% | +33.2% | -64.7% | -87.8% | -100.0% |
| Crecimiento Beneficio Neto (anual) | | -19.4% | -13.6% | -5.2% | -2.0% | +15.9% | +5.7% | +2.8% | +31.3% | -3.5% |
| Crecimiento BPA (anual) | | +73.8% | -12.2% | +19.8% | +43.3% | +49.6% | +10.2% | +18.5% | +64.6% | +57.6% |
| Cambio en Acciones (anual) | | +356.0% | +0.6% | +32.4% | +79.3% | +67.2% | +4.7% | +19.6% | +94.3% | +143.0% |
| Crecimiento FCF (anual) | | -59.5% | -26.4% | +13.9% | -29.2% | +15.4% | -1.4% | +6.1% | +19.6% | +7.3% |
| Margen Bruto | -29.5% | -44.1% | 17.3% | 49.6% | 97.2% | 36.9% | -553.4% | -1519.7% | -7463.8% | |
| Margen Operativo | -1320.8% | -2589.8% | -2256.3% | -2001.8% | -10709.7% | -1244.3% | -880.3% | -2441.1% | -13794.8% | |
| Margen EBITDA | -1481.8% | -2553.2% | -2223.8% | -1978.3% | -9955.2% | -1238.4% | -874.2% | -2408.2% | -13584.5% | |
| Margen Neto | -1789.9% | -2569.5% | -2237.9% | -2071.7% | -10347.6% | -1243.4% | -880.7% | -2425.8% | -13700.0% | |
| Margen FCF | -958.7% | -1838.6% | -1781.6% | -1350.8% | -8544.1% | -1032.7% | -786.3% | -2093.5% | -13848.3% | |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | 0.8% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-89.08 | $-31.16 | $-39.17 | $-25.49 | $-18.37 | $-9.29 | $-9.00 | $-7.07 | $-2.93 | $-1.12 |
| 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) | $61987 | $282671 | $284279 | $376289 | $674579 | $1.1M | $1.2M | $1.4M | $2.7M | $6.7M |
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 | -919.33% |
| Rentabilidad sobre capital invertido | -581.73% |
| Rentabilidad sobre activos | -241.08% |
| Margen bruto | 0.00% |
| Margen operativo | 0.00% |
| Margen neto | 0.00% |
Salud financiera
| Deuda / Patrimonio | 0.59 |
| Ratio corriente | 1.12 |
| Piotroski F-Score | 2 |
| Altman Z-Score | -74.97 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -31.57 | -21.88 | -9.96 | -4.23 | -7.01 | -7.80 | -9.36 | -1.22 | -0.75 | -1.02 |
| P/VC | 15.81 | 24.18 | 36.43 | 26.29 | 5.48 | 9.49 | 22.71 | -8.77 | 7.15 | 9.31 |
| P/V | 565.08 | 561.65 | 221.06 | 87.77 | 724.36 | 97.02 | 82.15 | 29.48 | 103.14 | 0.00 |
| Margen Bruto | -29.5% | -44.1% | 17.3% | 49.6% | 97.2% | 36.9% | -553.4% | -1519.7% | -7463.8% | 0.0% |
| Margen Operativo | -1320.8% | -2589.8% | -2256.3% | -2001.8% | -10709.7% | -1244.3% | -880.3% | -2441.1% | -13794.8% | 0.0% |
| Margen Neto | -1789.9% | -2569.5% | -2237.9% | -2071.7% | -10347.6% | -1243.4% | -880.7% | -2425.8% | -13700.0% | 0.0% |