Estados financieros detallados de MeiraGTx Holdings plc (MGTX): 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
MeiraGTx Holdings plc registró ingresos de $81.4M en el último ejercicio fiscal, con un CAGR de 5 años del 39.2%.
Márgenes de los últimos 12 meses: margen bruto 97.2%, margen operativo 46.3%, margen neto 19.9%.
Al precio actual de $12.76, MGTX cotiza a un P/E de 15.53 y un ROE del 284.38%. La capitalización bursátil es de $1.2B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | 0 | 0 | $13.3M | $15.6M | $37.7M | $15.9M | $14.0M | $33.3M | $81.4M |
| Coste de Ventas | $243081 | $679177 | $2.1M | 0 | 0 | 0 | 0 | 0 | $23.8M | $4.8M |
| Beneficio Bruto | -$243081 | -$679177 | -$2.1M | $13.3M | $15.6M | $37.7M | $15.9M | $14.0M | $9.5M | $76.5M |
| I+D | $14.0M | $22.4M | $33.6M | $24.9M | $33.9M | $66.7M | $85.7M | $103.8M | $119.5M | $129.6M |
| Generales y Administrativos | $6.0M | $9.3M | $44.5M | $46.7M | $44.2M | $43.8M | $46.5M | $47.3M | $54.2M | $52.9M |
| Gastos Operativos | $20.1M | $31.7M | $78.1M | $71.6M | $78.1M | $110.5M | $132.3M | $151.1M | $173.7M | $182.5M |
| Beneficio Operativo | -$20.1M | -$31.7M | -$78.1M | -$58.3M | -$62.6M | -$72.8M | -$116.4M | -$137.1M | -$164.2M | -$106.0M |
| EBITDA | -$19.8M | -$31.0M | -$78.1M | -$52.5M | -$53.7M | -$71.4M | -$116.1M | -$57.1M | -$121.7M | -$89.4M |
| Gastos por Intereses | $25440 | $42863 | $33429 | $48612 | $139203 | $288000 | $4.9M | $13.2M | $13.3M | $12.2M |
| Beneficio Antes de Impuestos | -$19.8M | -$31.0M | -$83.3M | -$54.7M | -$58.0M | -$79.6M | -$129.6M | -$84.0M | -$147.8M | -$114.2M |
| Impuestos | 0 | 0 | -$474391 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$19.5M | -$31.0M | -$82.9M | -$54.7M | -$58.0M | -$79.6M | -$129.6M | -$84.0M | -$147.8M | -$114.2M |
| BPA | $-1.01 | $-3.62 | $-4.37 | $-1.58 | $-1.43 | $-1.80 | $-2.87 | $-1.49 | $-2.12 | $-1.42 |
| BPA Diluido | $-1.01 | $-3.62 | $-4.37 | $-1.58 | $-1.43 | $-1.80 | $-2.87 | $-1.49 | $-2.12 | $-1.42 |
| Acciones en Circulación (Diluidas) | $19.2M | $8.6M | $18.9M | $33.2M | $37.7M | $44.1M | $45.2M | $56.5M | $69.8M | $80.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $410000 | $75.4M | $293000 | $321.4M |
| Beneficio Bruto | $97000 | $74.9M | -$2.9M | $314.3M |
| Beneficio Operativo | -$46.1M | $26.5M | -$40.8M | $244.4M |
| EBITDA | -$44.0M | $21.3M | -$40.5M | $323.0M |
| Beneficio Neto | -$50.5M | $15.1M | -$46.3M | $160.7M |
| BPA | $-0.62 | $0.19 | $-0.57 | $1.76 |
| BPA Diluido | $-0.62 | $0.19 | $-0.57 | $1.71 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $17.5M | $8.5M | $68.1M | $227.2M | $209.5M | $137.7M | $115.5M | $129.6M | $103.7M | $65.9M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | 0 | 0 | 0 | $37.1M | $55.4M | $35.0M | $29.0M | $23.4M | $10.6M | $18.3M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $385000 | 0 |
| Activos Corrientes | $19.1M | $11.5M | $74.7M | $269.0M | $272.6M | $183.2M | $154.3M | $159.6M | $123.5M | $91.8M |
| Inmovilizado Material | $3.0M | $14.3M | $22.0M | $52.9M | $87.1M | $126.3M | $154.1M | $156.2M | $135.7M | $141.9M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | $777655 | $3.0M | $2.6M | $2.1M | $1.1M | $821000 | $578000 |
| Activos Totales | $22.6M | $25.9M | $96.9M | $323.9M | $363.7M | $320.2M | $318.2M | $326.7M | $269.8M | $244.4M |
| Cuentas por Pagar | $1.5M | $7.1M | $3.0M | $3.8M | $7.1M | $15.3M | $16.6M | $16.0M | $23.6M | $10.1M |
| Deuda a Corto | 0 | $1.4M | 0 | $1.7M | $2.6M | 0 | 0 | 0 | 0 | $24.6M |
| Pasivos Corrientes | $6.0M | $21.4M | $15.5M | $49.2M | $54.1M | $68.1M | $82.1M | $67.1M | $60.8M | $122.6M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | $71.0M | $72.1M | $73.2M | $49.7M |
| Pasivos Totales | $39.7M | $73.2M | $15.8M | $133.1M | $125.1M | $134.8M | $200.5M | $188.6M | $201.9M | $250.2M |
| Reservas | -$34.4M | -$65.4M | -$148.3M | -$203.0M | -$261.0M | -$340.6M | -$470.2M | -$554.2M | -$702.0M | -$816.2M |
| Patrimonio Neto | -$17.1M | -$47.4M | $81.1M | $190.8M | $238.6M | $185.4M | $117.7M | $138.2M | $67.8M | -$5.8M |
| Deuda Total | $11473 | $1.5M | $34296 | $23.2M | $22.2M | $23.7M | $92.2M | $89.3M | $84.8M | $88.7M |
| Deuda Neta | -$17.5M | -$7.0M | -$68.0M | -$204.1M | -$187.3M | -$114.0M | -$23.3M | -$40.3M | -$18.9M | $22.8M |
| Capital Circulante | $13.0M | -$9.9M | $59.2M | $219.8M | $218.4M | $115.1M | $72.3M | $92.5M | $62.7M | -$30.8M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $14.8M | $65.9M | $71.5M | $143.2M |
| Activos Totales | $189.5M | $244.4M | $244.7M | $396.4M |
| Pasivos Totales | $230.0M | $250.2M | $302.8M | $180.7M |
| Patrimonio Neto | -$40.6M | -$5.8M | -$58.1M | $215.6M |
| Deuda Total | $88.1M | $88.7M | $87.5M | $112.3M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$19.8M | -$31.0M | -$82.9M | -$54.7M | -$58.0M | -$79.6M | -$129.6M | -$84.0M | -$147.8M | -$114.2M |
| Amortizaciones | $243081 | $679177 | $2.1M | $2.2M | $4.2M | $7.9M | $8.6M | $13.7M | $12.7M | $12.7M |
| Compensación en Acciones | $2.8M | $3.0M | $17.9M | $15.9M | $18.4M | $20.8M | $28.6M | $27.7M | $25.2M | $22.1M |
| Cambio en Capital Circulante | $1.6M | $8.5M | -$3.9M | $56.7M | -$32.6M | $31.3M | $9.6M | -$983000 | $29.6M | $28.0M |
| Flujo de Caja Operativo | -$14.4M | -$18.1M | -$58.9M | $20.0M | -$64.0M | -$10.5M | -$73.1M | -$105.4M | -$104.5M | -$46.4M |
| Inversiones (CapEx) | -$2.6M | -$10.5M | -$11.3M | -$9.0M | -$37.0M | -$55.2M | -$45.0M | -$20.2M | -$5.0M | -$3.8M |
| Adquisiciones | 0 | 0 | 0 | -$389656 | 0 | -$6.5M | 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 | -$17.0M | -$28.6M | -$70.1M | $11.1M | -$101.0M | -$65.7M | -$118.1M | -$125.5M | -$109.5M | -$50.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$12.2M | $46.6M | $17.8M | -$38.5M |
| Inversiones (CapEx) | -$610000 | -$6.8M | -$2.0M | $2.0M |
| Flujo de Caja Libre | -$12.8M | $39.9M | $15.8M | -$36.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $6.0M | $32.7M | $3.7M | -$3.7M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | | | | +17.1% | +142.2% | -57.8% | -12.0% | +137.4% | +144.6% |
| Crecimiento Beneficio Neto (anual) | | -59.3% | -166.9% | +33.9% | -5.9% | -37.2% | -62.9% | +35.2% | -75.9% | +22.7% |
| Crecimiento BPA (anual) | | -258.4% | -20.7% | +63.8% | +9.5% | -25.9% | -59.4% | +48.1% | -42.3% | +33.0% |
| Cambio en Acciones (anual) | | -55.4% | +121.0% | +75.0% | +13.8% | +17.0% | +2.4% | +25.0% | +23.6% | +15.2% |
| Crecimiento FCF (anual) | | -68.6% | -145.3% | +115.8% | -1012.7% | +34.9% | -79.6% | -6.3% | +12.8% | +54.1% |
| Margen Bruto | | | | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 28.5% | 94.0% |
| Margen Operativo | | | | -438.4% | -401.9% | -193.0% | -730.9% | -977.8% | -493.4% | -130.2% |
| Margen EBITDA | | | | -394.7% | -344.9% | -189.4% | -729.1% | -407.0% | -365.7% | -109.8% |
| Margen Neto | | | | -411.9% | -372.6% | -211.0% | -814.2% | -599.5% | -444.1% | -140.3% |
| Margen FCF | | | | 83.2% | -648.9% | -174.4% | -741.6% | -895.6% | -328.9% | -61.7% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | 0.6% | -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 | $-0.88 | $-3.34 | $-3.70 | $0.33 | $-2.68 | $-1.49 | $-2.61 | $-2.22 | $-1.57 | $-0.62 |
| 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) | $19.2M | $8.6M | $18.9M | $33.2M | $37.7M | $44.1M | $45.2M | $56.5M | $69.8M | $80.4M |
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 | 284.38% |
| Rentabilidad sobre capital invertido | 52.45% |
| Rentabilidad sobre activos | 19.92% |
| Margen bruto | 97.19% |
| Margen operativo | 46.30% |
| Margen neto | 19.87% |
Salud financiera
| Deuda / Patrimonio | 0.52 |
| Ratio corriente | 3.76 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -14.85 | -4.14 | -2.21 | -12.67 | -10.59 | -13.19 | -2.27 | -4.71 | -2.87 | -5.60 |
| P/VC | -16.84 | -2.71 | 2.25 | 3.48 | 2.39 | 5.65 | 2.50 | 2.87 | 6.27 | -110.38 |
| P/V | 0.00 | 0.00 | 0.00 | 49.95 | 36.70 | 27.79 | 18.50 | 28.29 | 12.78 | 7.86 |
| Margen Bruto | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 28.5% | 94.0% |
| Margen Operativo | 0.0% | 0.0% | 0.0% | -438.4% | -401.9% | -193.0% | -730.9% | -977.8% | -493.4% | -130.2% |
| Margen Neto | 0.0% | 0.0% | 0.0% | -411.9% | -372.6% | -211.0% | -814.2% | -599.5% | -444.1% | -140.3% |