Estados financieros detallados de T Stamp Inc. (IDAI): 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
T Stamp Inc. registró ingresos de $3.1M en el último ejercicio fiscal, con un CAGR de 5 años del 3.5%.
Márgenes de los últimos 12 meses: margen bruto 50.1%, margen operativo -246.7%, margen neto -272.9%.
Al precio actual de $2.96, IDAI presenta beneficios negativos (P/E no significativo) y un ROE del -141.04%. La capitalización bursátil es de $16M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $471543 | $834660 | $2.1M | $2.6M | $3.7M | $5.4M | $4.6M | $3.1M | $3.1M |
| Coste de Ventas | $30276 | $270485 | $702744 | $1.5M | $1.2M | $1.8M | $914176 | $1.1M | $1.4M |
| Beneficio Bruto | $441267 | $564175 | $1.4M | $1.1M | $2.5M | $3.6M | $3.6M | $2.0M | $1.8M |
| I+D | $1.1M | $556249 | $854590 | $2.7M | $2.5M | $2.5M | $2.9M | $2.1M | $2.2M |
| Generales y Administrativos | $1.5M | $2.2M | $2.3M | $6.4M | $8.3M | $12.4M | $8.4M | $8.5M | $6.5M |
| Gastos Operativos | $2.7M | $2.9M | $3.4M | $9.5M | $11.4M | $15.7M | $11.5M | $11.4M | $9.4M |
| Beneficio Operativo | -$2.2M | -$2.4M | -$2.0M | -$8.4M | -$8.9M | -$12.1M | -$7.9M | -$9.4M | -$7.7M |
| EBITDA | -$2.1M | -$2.2M | -$1.7M | -$10.1M | -$8.4M | -$11.0M | -$7.6M | -$9.4M | -$7.2M |
| Gastos por Intereses | $180166 | $230668 | $98612 | $182794 | $39970 | $8890 | $73273 | $509784 | $146312 |
| Beneficio Antes de Impuestos | -$2.4M | -$2.6M | -$2.1M | -$10.7M | -$9.1M | -$12.1M | -$7.7M | -$10.6M | -$8.2M |
| Impuestos | 0 | $6932 | $8184 | 0 | 0 | $21076 | -$13485 | $7806 | $13775 |
| Beneficio Neto | -$2.3M | -$2.6M | -$2.1M | -$10.7M | -$9.1M | -$12.1M | -$7.6M | -$10.6M | -$8.3M |
| BPA | $-28.28 | $-31.90 | $-18.93 | $-67.80 | $-36.06 | $-38.32 | $-16.07 | $-11.36 | $-2.67 |
| BPA Diluido | $-28.28 | $-31.90 | $-18.93 | $-67.80 | $-36.06 | $-38.32 | $-16.07 | $-11.36 | $-2.67 |
| Acciones en Circulación (Diluidas) | $82242 | $82242 | $113213 | $157570 | $251165 | $315518 | $475171 | $1.1M | $3.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $872491 | $908859 | $756832 | $899949 |
| Beneficio Bruto | $509725 | $549915 | $183081 | $481428 |
| Beneficio Operativo | -$1.8M | -$2.0M | -$2.3M | -$2.4M |
| EBITDA | -$1.6M | -$2.2M | -$2.0M | -$2.4M |
| Beneficio Neto | -$1.9M | -$2.5M | -$2.2M | -$2.7M |
| BPA | $-0.72 | $-0.82 | $-0.42 | $-0.48 |
| BPA Diluido | $-0.72 | $-0.82 | $-0.42 | $-0.48 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.6M | $167702 | $331761 | $1.5M | $3.5M | $1.3M | $3.1M | $2.8M | $6.0M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $105215 | $1.2M | $87759 | $195110 | $1.4M | $1.3M | $1.3M | $1.4M | $990345 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $1.8M | $1.4M | $558532 | $2.1M | $5.8M | $2.9M | $4.7M | $4.7M | $7.5M |
| Inmovilizado Material | $420172 | $903757 | $1.2M | $1.3M | $1.3M | $2.0M | $221176 | $1.7M | $160765 |
| Fondo de Comercio | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M |
| Activos Intangibles | $4549 | $16070 | $8772 | $22382 | $201807 | $251686 | $1.7M | $213278 | $181035 |
| Activos Totales | $3.8M | $3.6M | $4.0M | $4.8M | $8.7M | $6.4M | $7.9M | $8.6M | $11.2M |
| Cuentas por Pagar | $100329 | $34341 | $150539 | $380525 | $304140 | $945162 | $1.2M | $298207 | $146213 |
| Deuda a Corto | 0 | 0 | $115000 | $344219 | 0 | $296655 | 0 | $3.1M | $56883 |
| Pasivos Corrientes | $910837 | $330264 | $659118 | $2.5M | $2.4M | $4.4M | $2.7M | $4.2M | $952468 |
| Deuda a Largo | $2.6M | $2.8M | $717250 | 0 | $856258 | $886465 | $953877 | $951727 | $1.1M |
| Pasivos Totales | $4.6M | $4.3M | $3.9M | $2.7M | $3.6M | $5.8M | $4.0M | $5.4M | $2.4M |
| Reservas | -$2.7M | -$5.3M | -$7.5M | -$18.2M | -$27.2M | -$39.3M | -$50.9M | -$61.5M | -$69.8M |
| Patrimonio Neto | -$1.0M | -$843035 | -$72191 | $1.9M | $4.9M | $463705 | $3.8M | $3.0M | $8.7M |
| Deuda Total | $2.6M | $2.8M | $832250 | $344219 | $856258 | $1.4M | $1.1M | $4.1M | $1.2M |
| Deuda Neta | $967498 | $2.6M | $500489 | -$1.1M | -$2.6M | $119793 | -$2.1M | $1.3M | -$4.8M |
| Capital Circulante | $916899 | $1.0M | -$100586 | -$367052 | $3.4M | -$1.6M | $2.0M | $501455 | $6.5M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $5.4M | $6.0M | $3.9M | $6.3M |
| Activos Totales | $11.2M | $11.2M | $9.7M | $12.5M |
| Pasivos Totales | $5.0M | $2.4M | $2.4M | $7.7M |
| Patrimonio Neto | $6.1M | $8.7M | $7.2M | $4.6M |
| Deuda Total | $3.3M | $1.2M | $1.2M | $1.2M |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$2.3M | -$2.6M | -$2.1M | -$10.7M | -$9.1M | -$12.1M | -$7.6M | -$10.6M | -$8.3M |
| Amortizaciones | $77737 | $179719 | $303054 | $406240 | $573755 | $760497 | $789000 | $730000 | $767074 |
| Compensación en Acciones | $51429 | $293255 | $40218 | $2.5M | $2.8M | $2.4M | $763288 | $1.3M | $970997 |
| Cambio en Capital Circulante | $551139 | -$577882 | $187117 | $1.3M | -$1.4M | $2.3M | -$1.9M | -$1.8M | -$5380 |
| Flujo de Caja Operativo | -$1.4M | -$2.3M | -$1.7M | -$4.5M | -$6.7M | -$6.3M | -$7.9M | -$8.9M | -$5.7M |
| Inversiones (CapEx) | -$280109 | -$674825 | -$559147 | -$512165 | -$768353 | -$981552 | -$779040 | -$806671 | -$46069 |
| Adquisiciones | -$498664 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$78901 | -$56993 | -$19386 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$1.7M | -$3.0M | -$2.2M | -$5.0M | -$7.5M | -$7.3M | -$8.6M | -$9.7M | -$5.7M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$1.9M | -$1.7M | -$1.9M | -$2.2M |
| Inversiones (CapEx) | -$195511 | -$630788 | -$22800 | -$11461 |
| Flujo de Caja Libre | -$2.1M | -$2.3M | -$1.9M | -$2.2M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $332100 | $370558 | $260111 | $306198 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +77.0% | +152.7% | +25.6% | +38.9% | +46.4% | -15.3% | -32.4% | +1.9% |
| Crecimiento Beneficio Neto (anual) | | -12.8% | +18.2% | -398.1% | +15.2% | -33.5% | +36.8% | -38.9% | +21.5% |
| Crecimiento BPA (anual) | | -12.8% | +40.7% | -258.2% | +46.8% | -6.3% | +58.1% | +29.3% | +76.5% |
| Cambio en Acciones (anual) | | +0.0% | +37.7% | +39.2% | +59.4% | +25.6% | +50.6% | +132.4% | +181.9% |
| Crecimiento FCF (anual) | | -76.7% | +24.4% | -123.2% | -49.6% | +2.0% | -17.9% | -12.7% | +41.1% |
| Margen Bruto | 93.6% | 67.6% | 66.7% | 42.6% | 68.7% | 66.8% | 80.0% | 65.4% | 55.9% |
| Margen Operativo | -476.2% | -284.9% | -96.5% | -317.0% | -241.7% | -224.3% | -173.0% | -303.9% | -244.0% |
| Margen EBITDA | -448.3% | -264.4% | -82.3% | -381.2% | -229.6% | -204.9% | -167.2% | -303.6% | -228.2% |
| Margen Neto | -493.2% | -314.3% | -101.7% | -403.4% | -246.3% | -224.5% | -167.5% | -344.1% | -265.2% |
| Margen FCF | -355.5% | -354.9% | -106.1% | -188.6% | -203.1% | -135.9% | -189.3% | -315.5% | -182.6% |
| Tasa Impositiva Efectiva | -0.0% | -0.3% | -0.4% | -0.0% | -0.0% | -0.2% | 0.2% | -0.1% | -0.2% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-20.38 | $-36.02 | $-19.77 | $-31.70 | $-29.74 | $-23.20 | $-18.17 | $-8.81 | $-1.84 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $82242 | $82242 | $113213 | $157570 | $251165 | $315518 | $475171 | $1.1M | $3.1M |
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 | -141.04% |
| Rentabilidad sobre capital invertido | -75.60% |
| Rentabilidad sobre activos | -75.20% |
| Margen bruto | 50.15% |
| Margen operativo | -246.68% |
| Margen neto | -272.85% |
Salud financiera
| Deuda / Patrimonio | 0.26 |
| Ratio corriente | 6.48 |
| Piotroski F-Score | 4 |
| Altman Z-Score | -6.86 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -48.77 | -43.24 | -72.86 | -20.34 | -8.32 | -0.94 | -1.28 | -1.17 | -1.46 |
| P/VC | -112.27 | -134.55 | -2163.00 | 113.76 | 15.46 | 24.50 | 2.60 | 4.83 | 1.39 |
| P/V | 240.56 | 135.90 | 74.04 | 82.06 | 20.49 | 2.11 | 2.14 | 4.75 | 3.88 |
| Margen Bruto | 93.6% | 67.6% | 66.7% | 42.6% | 68.7% | 66.8% | 80.0% | 65.4% | 55.9% |
| Margen Operativo | -476.2% | -284.9% | -96.5% | -317.0% | -241.7% | -224.3% | -173.0% | -303.9% | -244.0% |
| Margen Neto | -493.2% | -314.3% | -101.7% | -403.4% | -246.3% | -224.5% | -167.5% | -344.1% | -265.2% |