Estados financieros detallados de BioRestorative Therapies, Inc. (BRTX): 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
BioRestorative Therapies, Inc. registró ingresos de $359700 en el último ejercicio fiscal, con un CAGR de 5 años del 36.1%.
Márgenes de los últimos 12 meses: margen bruto 92.1%, margen operativo -39.7%, margen neto -30.9%.
Al precio actual de $2.55, BRTX presenta beneficios negativos (P/E no significativo) y un ROE del -423.84%. La capitalización bursátil es de $4M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $36355 | $81000 | $111000 | $130000 | $77000 | $46000 | $119800 | $145800 | $401000 | $359700 |
| Coste de Ventas | $102 | $259260 | 0 | 0 | 0 | 0 | 0 | 0 | $28072 | $23844 |
| Beneficio Bruto | $36253 | -$178260 | $111000 | $130000 | $77000 | $46000 | $119800 | $145800 | $372928 | $335856 |
| I+D | $2.9M | $2.2M | $1.5M | $1.7M | $876829 | $729058 | $3.5M | $4.0M | $5.3M | $10.1M |
| Generales y Administrativos | $4.9M | $6.3M | $6.2M | $6.8M | $2.0M | $25.6M | $15.6M | $11.3M | $6.6M | $5.9M |
| Gastos Operativos | $7.8M | $8.5M | $7.8M | $8.6M | $2.8M | $26.4M | $19.0M | $15.4M | $11.9M | $16.0M |
| Beneficio Operativo | -$7.8M | -$8.4M | -$7.6M | -$8.4M | -$2.8M | -$26.3M | -$18.9M | -$15.2M | -$11.6M | -$15.6M |
| EBITDA | -$7.6M | -$8.1M | -$9.1M | -$9.3M | -$9.5M | -$42.4M | -$13.1M | -$15.0M | -$8.8M | -$14.0M |
| Gastos por Intereses | $763944 | $1.1M | $3.2M | $5.1M | $1.6M | $1.8M | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$8.6M | -$9.4M | -$12.5M | -$14.6M | -$11.3M | -$44.3M | -$13.2M | -$10.4M | -$9.0M | -$14.2M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$8.6M | -$9.4M | -$12.5M | -$14.6M | -$11.3M | -$44.3M | -$13.2M | -$10.4M | -$9.0M | -$14.2M |
| BPA | $-168000.00 | $-139200.00 | $-131246.40 | $-52601.60 | $-571.20 | $-746.00 | $-73.00 | $-49.40 | $-23.20 | $-31.60 |
| BPA Diluido | $-168000.00 | $-139200.00 | $-131246.40 | $-52601.60 | $-571.20 | $-746.00 | $-73.00 | $-49.40 | $-23.20 | $-31.60 |
| Acciones en Circulación (Diluidas) | $51 | $68 | $95 | $278 | $19735 | $59387 | $180893 | $210917 | $388197 | $449656 |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Ingresos | $303300 | $11800 | $19600 | $23170 |
| Beneficio Bruto | $294571 | $1230 | $17964 | $15785 |
| Beneficio Operativo | -$3.3M | -$3.7M | -$3.8M | -$3.4M |
| EBITDA | -$2.6M | -$3.0M | -$3.2M | -$2.1M |
| Beneficio Neto | -$2.7M | -$3.0M | -$3.2M | -$2.2M |
| BPA | $-6.00 | $-6.60 | $-7.20 | $-2.40 |
| BPA Diluido | $-6.00 | $-6.60 | $-7.20 | $-2.40 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $31822 | $451680 | $117523 | $1664 | $3.1M | $21.0M | $1.7M | $884377 | $547890 | $1.5M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | $13.0M | $10.2M | $10.2M | $1.4M |
| Cuentas por Cobrar | $6000 | $38000 | $29000 | $32000 | $17000 | $5000 | $16000 | $19300 | $188400 | $15500 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $61676 | $519710 | $180987 | $68863 | $3.2M | $21.5M | $15.1M | $11.4M | $11.1M | $3.1M |
| Inmovilizado Material | $508594 | $327847 | $175235 | $658296 | $495763 | $395798 | $502762 | $507502 | $362936 | $358767 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $963845 | $888950 | $814059 | $739164 | $664268 | $589740 | $803438 | $713692 | $623945 | $534198 |
| Activos Totales | $1.6M | $1.8M | $1.2M | $1.5M | $4.3M | $22.5M | $16.4M | $12.6M | $12.3M | $4.1M |
| Cuentas por Pagar | $2.3M | $2.5M | $1.9M | $2.0M | $118851 | $50827 | $170902 | $189389 | $483070 | $1.3M |
| Deuda a Corto | $1.9M | $3.5M | $3.6M | $7.2M | 0 | $58970 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $5.8M | $8.4M | $9.3M | $13.7M | $1.0M | $363822 | $6.0M | $2.6M | $3.7M | $3.7M |
| Deuda a Largo | $297756 | $194282 | $523894 | 0 | $4.3M | $191030 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $6.6M | $8.6M | $9.8M | $14.2M | $5.7M | $856497 | $6.1M | $2.6M | $3.7M | $3.7M |
| Reservas | -$42.0M | -$51.4M | -$63.9M | -$78.6M | -$89.8M | -$134.1M | -$136.3M | -$146.7M | -$155.7M | -$169.9M |
| Patrimonio Neto | -$5.0M | -$6.8M | -$8.6M | -$12.8M | -$1.3M | $21.6M | $10.3M | $10.0M | $8.5M | $356744 |
| Deuda Total | $2.2M | $3.7M | $4.1M | $7.8M | $4.8M | $670700 | $301645 | $162317 | 0 | 0 |
| Deuda Neta | $2.1M | $3.2M | $4.0M | $7.8M | $1.7M | -$20.4M | -$14.4M | -$10.9M | -$10.7M | -$3.0M |
| Capital Circulante | -$5.8M | -$7.8M | -$9.1M | -$13.7M | $2.1M | $21.1M | $9.1M | $8.8M | $7.4M | -$586029 |
Balance (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caja y Equivalentes | $1.6M | $602444 | $1.5M | $3.1M |
| Activos Totales | $8.5M | $5.6M | $4.1M | $4.6M |
| Pasivos Totales | $3.7M | $3.4M | $3.7M | $1.6M |
| Patrimonio Neto | $4.8M | $2.2M | $356744 | $3.0M |
| Deuda Total | 0 | 0 | 0 | $34515 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$8.6M | -$9.4M | -$12.5M | -$14.6M | -$11.3M | -$44.3M | -$13.2M | -$10.4M | -$9.0M | -$14.2M |
| Amortizaciones | $258425 | $259259 | $240372 | $217359 | $121384 | $89108 | $120545 | $165735 | $189056 | $209985 |
| Compensación en Acciones | $2.5M | $3.6M | $2.4M | $1.7M | $691701 | $23.1M | $12.6M | $7.8M | $2.8M | $3.3M |
| Cambio en Capital Circulante | $180928 | $821328 | -$45776 | $539853 | $572350 | $324685 | $14144 | $515326 | $28653 | $1.3M |
| Flujo de Caja Operativo | -$5.0M | -$3.9M | -$5.1M | -$6.9M | -$2.0M | -$3.3M | -$5.9M | -$6.4M | -$8.2M | -$10.8M |
| Inversiones (CapEx) | -$188764 | -$3617 | -$12869 | -$35631 | 0 | -$30658 | -$440223 | -$171043 | -$106189 | -$116069 |
| Adquisiciones | 0 | 0 | 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 | -$5.2M | -$3.9M | -$5.1M | -$7.0M | -$2.0M | -$3.4M | -$6.4M | -$6.6M | -$8.3M | -$10.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | -$2.7M | -$2.9M | -$2.4M | -$3.8M |
| Inversiones (CapEx) | -$3 | -$3 | -$79669 | 0 |
| Flujo de Caja Libre | -$2.7M | -$2.9M | -$2.5M | -$3.8M |
| Dividendos Pagados | 0 | 0 | 0 | -$6064 |
| Compensación en Acciones | $468708 | $399932 | $447860 | $290215 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +122.8% | +37.0% | +17.1% | -40.8% | -40.3% | +160.4% | +21.7% | +175.0% | -10.3% |
| Crecimiento Beneficio Neto (anual) | | -9.4% | -32.5% | -17.0% | +23.0% | -293.0% | +70.2% | +21.2% | +13.8% | -58.6% |
| Crecimiento BPA (anual) | | +17.1% | +5.7% | +59.9% | +98.9% | -30.6% | +90.2% | +32.3% | +53.0% | -36.2% |
| Cambio en Acciones (anual) | | +33.3% | +39.7% | +192.6% | +6998.9% | +200.9% | +204.6% | +16.6% | +84.1% | +15.8% |
| Crecimiento FCF (anual) | | +25.7% | -32.7% | -35.9% | +71.8% | -71.1% | -89.1% | -3.9% | -26.3% | -30.8% |
| Margen Bruto | 99.7% | -220.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 93.0% | 93.4% |
| Margen Operativo | -21447.6% | -10338.6% | -6889.8% | -6486.2% | -3574.1% | -57191.0% | -15745.8% | -10439.5% | -2881.6% | -4350.1% |
| Margen EBITDA | -20943.3% | -9997.6% | -8158.2% | -7147.2% | -12312.4% | -92171.3% | -10936.4% | -10268.7% | -2192.1% | -3901.0% |
| Margen Neto | -23755.4% | -11660.1% | -11277.3% | -11267.6% | -14639.9% | -96311.5% | -11037.0% | -7145.2% | -2239.2% | -3959.4% |
| Margen FCF | -14279.8% | -4762.3% | -4610.4% | -5349.5% | -2551.0% | -7305.6% | -5303.3% | -4527.6% | -2078.9% | -3031.7% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -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 | $-101792.92 | $-56727.03 | $-53868.40 | $-25015.70 | $-99.53 | $-56.59 | $-35.12 | $-31.30 | $-21.48 | $-24.25 |
| 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) | $51 | $68 | $95 | $278 | $19735 | $59387 | $180893 | $210917 | $388197 | $449656 |
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 | -423.84% |
| Rentabilidad sobre capital invertido | -464.86% |
| Rentabilidad sobre activos | -238.27% |
| Margen bruto | 92.09% |
| Margen operativo | -3975.00% |
| Margen neto | -3089.55% |
Salud financiera
| Deuda / Patrimonio | 0.01 |
| Ratio corriente | 2.35 |
| Piotroski F-Score | 3 |
| Altman Z-Score | -69.34 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -1.57 | -2.13 | -0.55 | -0.01 | -0.97 | -0.12 | -0.75 | -0.70 | -1.23 | -0.75 |
| P/VC | -2.69 | -2.94 | -0.79 | -0.01 | -8.18 | 0.24 | 0.97 | 0.73 | 1.30 | 29.75 |
| P/V | 370.35 | 248.49 | 61.62 | 0.86 | 141.48 | 112.06 | 83.05 | 50.34 | 27.69 | 29.50 |
| Margen Bruto | 99.7% | -220.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 93.0% | 93.4% |
| Margen Operativo | -21447.6% | -10338.6% | -6889.8% | -6486.2% | -3574.1% | -57191.0% | -15745.8% | -10439.5% | -2881.6% | -4350.1% |
| Margen Neto | -23755.4% | -11660.1% | -11277.3% | -11267.6% | -14639.9% | -96311.5% | -11037.0% | -7145.2% | -2239.2% | -3959.4% |