Estados financieros detallados de Aurora Mobile Limited (JG): 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
Aurora Mobile Limited registró ingresos de $364.6M en el último ejercicio fiscal, con un CAGR de 5 años del -5.0%.
Márgenes de los últimos 12 meses: margen bruto 68.9%, margen operativo 1.0%, margen neto 1.5%. El flujo de caja libre creció a un CAGR del 3.3% en 5 años.
Al precio actual de $6.00, JG cotiza a un P/E de 41.03 y un ROE del 9.31%. La capitalización bursátil es de $36M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $70.3M | $284.7M | $714.1M | $906.5M | $471.6M | $357.3M | $328.8M | $290.2M | $316.2M | $364.6M |
| Coste de Ventas | $47.7M | $213.4M | $517.1M | $649.7M | $265.4M | $92.4M | $103.1M | $90.9M | $107.1M | $119.6M |
| Beneficio Bruto | $22.6M | $71.3M | $197.1M | $256.7M | $206.2M | $264.9M | $225.8M | $199.3M | $209.0M | $245.0M |
| I+D | $33.7M | $71.7M | $134.4M | $176.2M | $174.6M | $206.7M | $154.5M | $121.8M | $94.8M | 0 |
| Generales y Administrativos | $46.5M | $92.1M | $155.5M | $227.8M | $221.4M | $196.3M | $203.7M | $128.4M | $130.3M | $149.2M |
| Gastos Operativos | $80.3M | $163.8M | $289.9M | $404.1M | $396.0M | $403.1M | $326.7M | $250.2M | $218.9M | $247.0M |
| Beneficio Operativo | -$57.7M | -$92.4M | -$92.8M | -$147.3M | -$189.8M | -$138.1M | -$100.9M | -$50.9M | -$9.9M | -$1.9M |
| EBITDA | -$54.0M | -$85.3M | -$40.7M | -$66.2M | -$171.2M | -$99.9M | -$75.4M | -$52.2M | -$570000 | $7.7M |
| Gastos por Intereses | 0 | $122000 | $7.1M | $11.1M | $11.7M | $8.8M | $3.1M | $808000 | $132000 | $73925 |
| Beneficio Antes de Impuestos | -$57.5M | -$94.3M | -$66.2M | -$109.7M | -$225.0M | -$140.6M | -$108.9M | -$64.6M | -$6.7M | $2.6M |
| Impuestos | $3.9M | -$4.0M | $30000 | $162000 | $86000 | $32000 | -$455000 | -$1.9M | $110000 | $71009 |
| Beneficio Neto | -$61.4M | -$90.3M | -$66.2M | -$110.0M | -$225.1M | -$140.6M | -$107.0M | -$62.1M | -$7.0M | $411472 |
| BPA | $-10.67 | $-15.60 | $-15.33 | $-19.07 | $-38.80 | $-23.73 | $-17.87 | $-10.40 | $-1.19 | $0.07 |
| BPA Diluido | $-10.67 | $-15.60 | $-15.33 | $-19.07 | $-38.80 | $-23.73 | $-17.87 | $-10.40 | $-1.19 | $0.07 |
| Acciones en Circulación (Diluidas) | $5.8M | $5.8M | $4.3M | $5.8M | $5.8M | $5.9M | $5.9M | $6.0M | $6.0M | $6.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $90.9M | $103.7M | $92.7M | $100.9M |
| Beneficio Bruto | $63.8M | $68.7M | $65.9M | $69.0M |
| Beneficio Operativo | $439000 | $1.5M | $169960 | $1.6M |
| EBITDA | $723000 | $3.6M | $2.4M | $2.9M |
| Beneficio Neto | -$13000 | $3.0M | $1.0M | $1.9M |
| BPA | $-0.00 | $0.49 | $0.17 | $0.32 |
| BPA Diluido | $-0.00 | $0.49 | $0.16 | $0.31 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $103.2M | $208.2M | $576.6M | $62.0M | $356.1M | $90.6M | $116.1M | $114.5M | $119.2M | $168.4M |
| Inversiones a Corto | $10.0M | 0 | 0 | 0 | $80.0M | $30.0M | $4.6M | 0 | 0 | $5.1M |
| Cuentas por Cobrar | $9.5M | $50.9M | $158.6M | $20.7M | $44.5M | $65.3M | $35.6M | $36.7M | $53.9M | $43.3M |
| Inventario | $7.7M | $21.5M | $115000 | 0 | $215000 | $170.0M | 0 | 0 | 0 | 0 |
| Activos Corrientes | $136.2M | $293.4M | $809.4M | $93.8M | $530.1M | $381.1M | $176.6M | $169.6M | $184.6M | $232.1M |
| Inmovilizado Material | $23.7M | $53.0M | $92.9M | $15.3M | $73.5M | $62.2M | $48.7M | $5.5M | $21.7M | $17.7M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | $37.8M | $37.8M | $37.8M | $37.8M |
| Activos Intangibles | 0 | $283000 | $1.5M | $1.3M | $9.5M | $5.4M | $23.9M | $17.9M | $13.8M | $10.0M |
| Activos Totales | $165.9M | $359.4M | $997.7M | $134.9M | $787.3M | $595.5M | $433.1M | $350.2M | $378.0M | $416.4M |
| Cuentas por Pagar | $1.1M | $8.3M | $18.8M | $2.9M | $16.6M | $18.3M | $18.2M | $21.1M | $32.7M | $39.4M |
| Deuda a Corto | 0 | 0 | 0 | 0 | $225.2M | $150.0M | $5.0M | 0 | $3.0M | $4.0M |
| Pasivos Corrientes | $45.3M | $116.6M | $169.5M | $27.8M | $460.0M | $373.6M | $255.4M | $241.3M | $261.6M | $303.2M |
| Deuda a Largo | 0 | 0 | $216.2M | $33.0M | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $274.4M | $583.8M | $396.1M | $62.0M | $466.1M | $380.1M | $274.9M | $246.5M | $278.6M | $316.9M |
| Reservas | -$118.1M | -$234.8M | -$348.1M | -$65.1M | -$678.4M | -$819.0M | -$926.0M | -$988.7M | -$995.7M | -$995.9M |
| Patrimonio Neto | -$108.4M | -$224.4M | $601.7M | $72.9M | $321.2M | $215.4M | $127.7M | $73.5M | $67.9M | $65.8M |
| Deuda Total | 0 | 0 | $216.2M | $33.0M | $225.2M | $150.0M | $30.1M | $4.6M | $20.8M | $15.4M |
| Deuda Neta | -$113.2M | -$208.2M | -$360.4M | -$28.9M | -$210.9M | $29.4M | -$90.7M | -$109.9M | -$98.3M | -$158.1M |
| Capital Circulante | $90.9M | $176.7M | $639.9M | $66.0M | $70.1M | $7.5M | -$78.8M | -$71.7M | -$77.0M | -$71.1M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $92.4M | $168.4M | $136.7M | $156.8M |
| Activos Totales | $388.2M | $416.4M | $383.7M | $403.7M |
| Pasivos Totales | $289.2M | $316.9M | $286.6M | $316.5M |
| Patrimonio Neto | $65.4M | $65.8M | $63.4M | $58.1M |
| Deuda Total | $16.2M | $15.4M | $14.5M | $18.5M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$61.4M | -$90.3M | -$66.2M | -$109.8M | -$225.1M | -$140.6M | -$108.5M | -$62.7M | -$6.8M | $411472 |
| Amortizaciones | $3.4M | $8.8M | $18.4M | $32.4M | $42.1M | $31.8M | $30.4M | $11.5M | $6.0M | $10.0M |
| Compensación en Acciones | $2.7M | $8.3M | $24.6M | $47.3M | $28.9M | $30.2M | $15.5M | $11.6M | $4.2M | 0 |
| Cambio en Capital Circulante | $8.5M | -$1.1M | -$92.2M | $5.2M | $149.9M | -$19.7M | $3.9M | -$3.4M | -$2.2M | $44.2M |
| Flujo de Caja Operativo | -$42.2M | -$75.5M | -$97.9M | -$25.8M | $75.8M | -$76.7M | -$17.5M | -$17.9M | $8.5M | $63.1M |
| Inversiones (CapEx) | -$18.9M | -$28.7M | -$59.5M | -$49.1M | -$22.3M | -$18.9M | -$1.1M | -$524000 | -$5.0M | -$245139 |
| Adquisiciones | 0 | $319000 | 0 | -$9.4M | -$2.5M | 0 | $58000 | $16.2M | -$450000 | -$1.7M |
| Recompra de Acciones | 0 | 0 | 0 | -$37.6M | 0 | 0 | -$1.7M | -$3.7M | -$2.6M | -$7.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$61.0M | -$104.2M | -$157.4M | -$74.8M | $53.5M | -$95.6M | -$18.6M | -$18.4M | $3.6M | $62.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | 0 | 0 | 0 | 0 |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $813000 | $2.2M | $429000 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +304.9% | +150.8% | +26.9% | -48.0% | -24.2% | -8.0% | -11.7% | +8.9% | +15.3% |
| Crecimiento Beneficio Neto (anual) | | -47.1% | +26.7% | -66.1% | -104.7% | +37.5% | +23.9% | +41.9% | +88.7% | +105.8% |
| Crecimiento BPA (anual) | | -46.2% | +1.7% | -24.4% | -103.5% | +38.8% | +24.7% | +41.8% | +88.6% | +105.7% |
| Cambio en Acciones (anual) | | +0.0% | -25.3% | +33.6% | +0.9% | +1.8% | +0.6% | +0.5% | -0.1% | +0.9% |
| Crecimiento FCF (anual) | | -70.8% | -51.0% | +52.5% | +171.5% | -278.7% | +80.5% | +0.9% | +119.3% | +1665.6% |
| Margen Bruto | 32.1% | 25.1% | 27.6% | 28.3% | 43.7% | 74.1% | 68.7% | 68.7% | 66.1% | 67.2% |
| Margen Operativo | -82.0% | -32.5% | -13.0% | -16.3% | -40.3% | -38.7% | -30.7% | -17.5% | -3.1% | -0.5% |
| Margen EBITDA | -76.8% | -30.0% | -5.7% | -7.3% | -36.3% | -28.0% | -22.9% | -18.0% | -0.2% | 2.1% |
| Margen Neto | -87.3% | -31.7% | -9.3% | -12.1% | -47.7% | -39.3% | -32.5% | -21.4% | -2.2% | 0.1% |
| Margen FCF | -86.8% | -36.6% | -22.0% | -8.3% | 11.3% | -26.8% | -5.7% | -6.4% | 1.1% | 17.2% |
| Tasa Impositiva Efectiva | -6.8% | 4.2% | -0.0% | -0.1% | -0.0% | -0.0% | 0.4% | 2.9% | -1.7% | 2.8% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-10.59 | $-18.08 | $-36.54 | $-13.01 | $9.21 | $-16.17 | $-3.13 | $-3.08 | $0.60 | $10.43 |
| 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) | $5.8M | $5.8M | $4.3M | $5.8M | $5.8M | $5.9M | $5.9M | $6.0M | $6.0M | $6.0M |
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 | 9.31% |
| Rentabilidad sobre capital invertido | 3.13% |
| Rentabilidad sobre activos | 1.46% |
| Margen bruto | 68.86% |
| Margen operativo | 0.95% |
| Margen neto | 1.51% |
Salud financiera
| Deuda / Patrimonio | 0.32 |
| Ratio corriente | 0.73 |
| Piotroski F-Score | 7 |
| Altman Z-Score | -2.19 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -114.56 | -73.40 | -62.95 | -21.54 | -11.97 | -5.57 | -4.94 | -1.94 | -43.49 | 642.70 |
| P/VC | -64.98 | -29.42 | 6.91 | 32.42 | 8.40 | 3.62 | 4.11 | 1.64 | 4.54 | 4.00 |
| P/V | 100.19 | 23.19 | 5.82 | 2.61 | 5.72 | 2.19 | 1.60 | 0.42 | 0.97 | 0.72 |
| Margen Bruto | 32.1% | 25.1% | 27.6% | 28.3% | 43.7% | 74.1% | 68.7% | 68.7% | 66.1% | 67.2% |
| Margen Operativo | -82.0% | -32.5% | -13.0% | -16.3% | -40.3% | -38.7% | -30.7% | -17.5% | -3.1% | -0.5% |
| Margen Neto | -87.3% | -31.7% | -9.3% | -12.1% | -47.7% | -39.3% | -32.5% | -21.4% | -2.2% | 0.1% |