Estados financieros detallados de Focus Universal Inc. (FCUV): 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
Focus Universal Inc. registró ingresos de $255023 en el último ejercicio fiscal, con un CAGR de 5 años del -31.4%.
Márgenes de los últimos 12 meses: margen bruto 81.5%, margen operativo -6.5%, margen neto -6.4%.
Al precio actual de $5.18, FCUV presenta beneficios negativos (P/E no significativo) y un ROE del -105.53%. La capitalización bursátil es de $1M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $337496 | $898084 | $308129 | $1.5M | $1.7M | $1.4M | $353619 | $440543 | $398137 | $255023 |
| Coste de Ventas | $57128 | $726252 | $137897 | $1.3M | $1.4M | $1.1M | $330899 | $380884 | $387936 | $290275 |
| Beneficio Bruto | $280368 | $171832 | $170232 | $118231 | $283780 | $297159 | $22720 | $59659 | $10201 | -$35252 |
| I+D | $201899 | $208238 | $221510 | $255232 | $256636 | $220469 | $1.1M | $1.3M | $1.4M | $919965 |
| Generales y Administrativos | $521706 | $483430 | $1.5M | $2.7M | $2.7M | $3.1M | $4.2M | $3.7M | $4.8M | $3.4M |
| Gastos Operativos | $723605 | $691668 | $1.8M | $2.9M | $3.0M | $3.3M | $5.2M | $5.0M | $6.2M | $4.9M |
| Beneficio Operativo | -$443237 | -$519836 | -$1.6M | -$2.8M | -$2.7M | -$3.0M | -$5.2M | -$5.0M | -$6.2M | -$4.9M |
| EBITDA | -$465900 | -$518348 | -$1.6M | -$3.0M | -$2.4M | -$3.0M | -$4.8M | -$4.5M | -$2.8M | -$4.8M |
| Gastos por Intereses | $203 | $105830 | $440943 | $1750 | $4153 | $37608 | 0 | $38333 | $89098 | 0 |
| Beneficio Antes de Impuestos | -$439304 | -$625667 | -$2.0M | -$3.2M | -$2.5M | -$3.2M | -$4.9M | -$4.7M | -$2.9M | -$4.8M |
| Impuestos | $1600 | $694 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$440904 | -$626361 | -$2.0M | -$3.2M | -$2.5M | -$3.2M | -$4.9M | -$4.7M | -$3.2M | -$4.8M |
| BPA | $-2.67 | $-4.83 | $-14.29 | $-20.80 | $-16.40 | $-20.40 | $-30.00 | $-31.20 | $-19.20 | $-28.28 |
| BPA Diluido | $-2.67 | $-4.83 | $-14.29 | $-20.80 | $-16.40 | $-20.40 | $-30.00 | $-31.20 | $-19.20 | $-28.28 |
| Acciones en Circulación (Diluidas) | $129655 | $129644 | $141670 | $153561 | $153599 | $156435 | $163241 | $150787 | $167862 | $185550 |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $28689 | $749 | $47973 | $675170 |
| Beneficio Bruto | -$1612 | -$51772 | $8522 | $657943 |
| Beneficio Operativo | -$1.2M | -$898602 | -$1.3M | -$1.5M |
| EBITDA | -$1.2M | -$857798 | -$1.2M | -$1.5M |
| Beneficio Neto | -$1.2M | -$864368 | -$1.2M | -$1.5M |
| BPA | $-6.36 | $-7.12 | $-5.92 | $-2.69 |
| BPA Diluido | $-6.36 | $-7.12 | $-5.92 | $-2.69 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $340073 | $394398 | $4.5M | $2.2M | $583325 | $8.7M | $4.3M | $428254 | $3.6M | $7.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | $105470 | $36735 | $24660 | $22887 |
| Cuentas por Cobrar | $35896 | $26875 | $50533 | $137338 | $190556 | $205548 | $112820 | $34047 | $5584 | $27125 |
| Inventario | $104832 | $47432 | $69787 | $62933 | $42496 | $22889 | $103772 | $282071 | $126071 | $99813 |
| Activos Corrientes | $488763 | $476985 | $4.7M | $2.4M | $1.0M | $9.2M | $4.8M | $1.0M | $3.8M | $8.6M |
| Inmovilizado Material | $8517 | $6336 | $4.6M | $4.8M | $4.6M | $4.8M | $4.5M | $4.3M | $168755 | $79206 |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $159179 |
| Activos Totales | $522006 | $490531 | $9.3M | $7.2M | $5.6M | $14.0M | $9.3M | $5.3M | $4.1M | $8.9M |
| Cuentas por Pagar | $368513 | $449256 | $168582 | $192488 | $216341 | $293354 | $267685 | $435018 | $702065 | $358007 |
| Deuda a Corto | 0 | 0 | 0 | $50000 | $194125 | $132618 | 0 | $1.0M | 0 | 0 |
| Pasivos Corrientes | $431438 | $481790 | $211976 | $432999 | $527559 | $571442 | $1.4M | $1.7M | $876975 | $366471 |
| Deuda a Largo | 0 | $81342 | 0 | 0 | $202735 | $25929 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $431906 | $563132 | $211976 | $540004 | $788716 | $899758 | $1.6M | $1.8M | $885089 | $6.3M |
| Reservas | -$657714 | -$2.0M | -$4.0M | -$7.2M | -$9.7M | -$12.9M | -$17.9M | -$22.6M | -$25.8M | -$31.0M |
| Patrimonio Neto | $90100 | -$72601 | $9.1M | $6.7M | $4.8M | $13.1M | $7.8M | $3.5M | $3.2M | $2.6M |
| Deuda Total | 0 | $81342 | 0 | $188940 | $491531 | $582502 | $279010 | $1.2M | $114820 | $8464 |
| Deuda Neta | -$340073 | -$313056 | -$4.5M | -$2.0M | -$91794 | -$8.1M | -$4.2M | $743700 | -$3.5M | -$7.9M |
| Capital Circulante | $57325 | -$4805 | $4.5M | $2.0M | $480071 | $8.6M | $3.4M | -$629368 | $3.0M | $8.3M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $410884 | $7.9M | $6.0M | $1.6M |
| Activos Totales | $880445 | $8.9M | $7.8M | $20.0M |
| Pasivos Totales | $705638 | $6.3M | $567123 | $11.8M |
| Patrimonio Neto | $174807 | $2.6M | $7.2M | $8.2M |
| Deuda Total | $20534 | $8464 | $112814 | $11.1M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$440904 | -$626361 | -$2.0M | -$3.2M | -$2.5M | -$3.2M | -$4.9M | -$4.7M | -$3.2M | -$4.8M |
| Amortizaciones | $1130 | $2181 | $27993 | $160022 | $159814 | $162160 | $166266 | $167983 | $73611 | $23801 |
| Compensación en Acciones | 0 | 0 | 0 | $507468 | $653150 | $477856 | $1.6M | $947303 | $565268 | $428546 |
| Cambio en Capital Circulante | $38975 | $106435 | -$319557 | $292194 | -$251997 | -$163352 | $60932 | $106194 | $215570 | -$810258 |
| Flujo de Caja Operativo | -$400799 | -$445673 | -$1.4M | -$1.7M | -$2.0M | -$2.0M | -$3.0M | -$3.5M | -$4.7M | -$5.1M |
| Inversiones (CapEx) | -$8239 | 0 | -$4.6M | -$216592 | -$1314 | -$22990 | -$42187 | -$20620 | -$18687 | -$28106 |
| Adquisiciones | 0 | 0 | 0 | -$348518 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$1.0M | -$1.4M | -$669906 | -$494389 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$409038 | -$445673 | -$6.0M | -$1.9M | -$2.0M | -$2.0M | -$3.0M | -$3.5M | -$4.7M | -$5.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.1M | -$1.4M | -$1.1M | -$740777 |
| Inversiones (CapEx) | -$2224 | -$158442 | -$297 | -$6.7M |
| Flujo de Caja Libre | -$1.1M | -$1.6M | -$1.1M | -$7.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $129485 | $129768 | $104610 | $94412 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +166.1% | -65.7% | +373.9% | +15.0% | -14.6% | -75.3% | +24.6% | -9.6% | -35.9% |
| Crecimiento Beneficio Neto (anual) | | -42.1% | -223.2% | -56.8% | +20.1% | -27.0% | -53.0% | +4.2% | +32.2% | -49.6% |
| Crecimiento BPA (anual) | | -81.1% | -195.8% | -45.5% | +21.2% | -24.4% | -47.1% | -4.0% | +38.5% | -47.3% |
| Cambio en Acciones (anual) | | -0.0% | +9.3% | +8.4% | +0.0% | +1.8% | +4.4% | -7.6% | +11.3% | +10.5% |
| Crecimiento FCF (anual) | | -9.0% | -1248.9% | +68.2% | -2.2% | -1.8% | -50.6% | -18.3% | -31.7% | -9.7% |
| Margen Bruto | 83.1% | 19.1% | 55.2% | 8.1% | 16.9% | 20.7% | 6.4% | 13.5% | 2.6% | -13.8% |
| Margen Operativo | -131.3% | -57.9% | -514.0% | -193.4% | -161.0% | -210.3% | -1472.1% | -1124.0% | -1557.3% | -1918.8% |
| Margen EBITDA | -138.0% | -57.7% | -504.9% | -206.5% | -141.3% | -210.6% | -1346.3% | -1022.4% | -693.0% | -1868.1% |
| Margen Neto | -130.6% | -69.7% | -657.1% | -217.4% | -151.1% | -224.5% | -1393.3% | -1071.0% | -803.8% | -1877.4% |
| Margen FCF | -121.2% | -49.6% | -1951.0% | -131.1% | -116.5% | -138.9% | -848.4% | -805.7% | -1174.3% | -2011.9% |
| Tasa Impositiva Efectiva | -0.4% | -0.1% | -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 | $-3.15 | $-3.44 | $-42.43 | $-12.47 | $-12.74 | $-12.74 | $-18.38 | $-23.54 | $-27.85 | $-27.65 |
| 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) | $129655 | $129644 | $141670 | $153561 | $153599 | $156435 | $163241 | $150787 | $167862 | $185550 |
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 | -105.53% |
| Rentabilidad sobre capital invertido | -25.30% |
| Rentabilidad sobre activos | -23.94% |
| Margen bruto | 81.46% |
| Margen operativo | -651.13% |
| Margen neto | -637.24% |
Salud financiera
| Deuda / Patrimonio | 1.36 |
| Ratio corriente | 2.44 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -149.93 | -137.42 | -138.06 | -64.10 | -56.90 | -115.82 | -56.97 | -18.72 | -7.29 | -1.15 |
| P/VC | 575.60 | -1185.71 | 30.83 | 30.61 | 29.83 | 28.17 | 35.97 | 24.84 | 7.35 | 2.34 |
| P/V | 153.67 | 95.85 | 907.23 | 140.19 | 85.37 | 257.68 | 789.02 | 199.89 | 59.03 | 23.57 |
| Margen Bruto | 83.1% | 19.1% | 55.2% | 8.1% | 16.9% | 20.7% | 6.4% | 13.5% | 2.6% | -13.8% |
| Margen Operativo | -131.3% | -57.9% | -514.0% | -193.4% | -161.0% | -210.3% | -1472.1% | -1124.0% | -1557.3% | -1918.8% |
| Margen Neto | -130.6% | -69.7% | -657.1% | -217.4% | -151.1% | -224.5% | -1393.3% | -1071.0% | -803.8% | -1877.4% |