Estados financieros detallados de None (MIAX): 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
None registró ingresos de $1.36B en el último ejercicio fiscal, con un CAGR de 5 años del 24.7%.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $452.5M | $751.5M | $797.9M | $1.04B | $1.14B | $1.36B |
| Coste de Ventas | $355.9M | $570.2M | $602.3M | $808.5M | $864.4M | $992.3M |
| Beneficio Bruto | $96.5M | $181.3M | $195.6M | $232.5M | $275.6M | $371.8M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | 0 | $122.2M | $151.0M | $189.1M | $225.9M | $270.9M |
| Gastos Operativos | 0 | $157.6M | $190.3M | $235.3M | $278.5M | $335.2M |
| Beneficio Operativo | -$23.9M | $23.7M | $5.3M | -$2.9M | -$2.8M | $36.6M |
| EBITDA | -$6.5M | -$50.2M | $92.3M | $17.8M | $142.4M | -$26.3M |
| Gastos por Intereses | 0 | $19.3M | $21.9M | $18.9M | $14.0M | $12.9M |
| Beneficio Antes de Impuestos | -$44.9M | -$90.6M | $50.1M | -$22.1M | $105.1M | -$68.6M |
| Impuestos | -$12.8M | $3.0M | -$7.2M | -$697000 | $3.1M | $1.4M |
| Beneficio Neto | -$31.9M | -$93.4M | $57.6M | -$20.9M | $102.1M | -$70.0M |
| BPA | $-0.40 | $-1.18 | $0.72 | $-0.26 | $1.29 | $-1.00 |
| BPA Diluido | $-0.40 | $-1.18 | $0.72 | $-0.26 | $1.29 | $-1.00 |
| Acciones en Circulación (Diluidas) | $79.4M | $79.4M | $79.4M | $79.4M | $79.4M | $69.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $339.8M | $369.4M | $369.7M | $387.6M |
| Beneficio Bruto | $109.5M | $124.5M | $112.4M | $141.1M |
| Beneficio Operativo | -$305000 | $42.7M | $43.4M | $27.8M |
| EBITDA | -$91.3M | $39.1M | $108.2M | $37.6M |
| Beneficio Neto | -$102.1M | $29.9M | $170.2M | $44.2M |
| BPA | $-1.46 | $0.43 | $2.44 | $0.46 |
| BPA Diluido | $-1.46 | $0.43 | $2.44 | $0.40 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $57.2M | $160.9M | $126.4M | $59.3M | $150.3M | $509.7M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $54.1M | $58.4M | $157.5M | $180.3M | $231.5M | $231.6M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | 0 | $313.7M | $478.7M | $386.2M | $572.8M | $741.4M |
| Inmovilizado Material | $43.4M | $39.6M | $45.2M | $44.6M | $52.7M | $46.9M |
| Fondo de Comercio | 0 | $34.4M | $44.3M | $46.8M | $46.8M | 0 |
| Activos Intangibles | 0 | $110.8M | $126.1M | $147.3M | $153.8M | $269.3M |
| Activos Totales | $414.0M | $535.3M | $755.4M | $719.8M | $973.7M | $1.26B |
| Cuentas por Pagar | 0 | $5.6M | $114.3M | $141.7M | $165.4M | 0 |
| Deuda a Corto | $14.6M | $15.0M | $32.0M | $112.2M | $4.8M | $1.5M |
| Pasivos Corrientes | 0 | $185.8M | $393.3M | $448.9M | $405.2M | $1.5M |
| Deuda a Largo | $86.2M | $149.1M | $115.5M | $6.2M | $32.3M | 0 |
| Pasivos Totales | $475.6M | $648.8M | $755.5M | $556.1M | $606.0M | $378.4M |
| Reservas | -$611.8M | -$705.2M | -$647.6M | -$668.5M | -$562.3M | -$632.3M |
| Patrimonio Neto | -$61.6M | -$113.4M | $272000 | $164.6M | $367.6M | $881.0M |
| Deuda Total | $103.4M | $166.7M | $151.9M | $123.0M | $43.8M | $1.5M |
| Deuda Neta | $46.2M | $5.8M | $25.5M | $63.7M | -$106.5M | -$508.2M |
| Capital Circulante | 0 | $127.9M | $85.4M | -$62.8M | $167.6M | $739.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $401.5M | $509.7M | $643.9M | $660.5M |
| Activos Totales | $1.23B | $1.26B | $1.44B | $1.60B |
| Pasivos Totales | $393.4M | $378.4M | $378.6M | $450.1M |
| Patrimonio Neto | $831.9M | $881.0M | $1.07B | $1.15B |
| Deuda Total | $12.8M | $1.5M | $1.5M | $1.5M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$31.9M | -$93.6M | $57.3M | -$21.4M | $102.0M | -$70.0M |
| Amortizaciones | $17.4M | $21.1M | $20.3M | $21.0M | $23.4M | $3.0M |
| Compensación en Acciones | 0 | $18.1M | $22.3M | $30.0M | $43.6M | $57.6M |
| Cambio en Capital Circulante | $89.5M | -$23.8M | $79.2M | -$96.4M | -$8.3M | -$30.1M |
| Flujo de Caja Operativo | $120.3M | $24.2M | $121.6M | -$49.2M | $111.4M | $167.8M |
| Inversiones (CapEx) | -$7.7M | -$18.1M | -$20.0M | -$25.9M | -$39.0M | -$22.8M |
| Adquisiciones | -$717000 | 0 | -$24.2M | -$19.9M | 0 | -$56.5M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | -$21.8M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $112.7M | $6.2M | $101.6M | -$75.1M | $72.4M | $145.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $54.7M | $47.0M | $60.9M | $122.8M |
| Inversiones (CapEx) | -$4.5M | -$4.1M | -$11.7M | -$16.3M |
| Flujo de Caja Libre | $50.2M | $42.9M | $49.2M | $106.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $29.1M | 0 | 0 | $16.0M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +66.1% | +6.2% | +30.5% | +9.5% | +19.6% |
| Crecimiento Beneficio Neto (anual) | | -192.9% | +161.6% | -136.3% | +588.9% | -168.6% |
| Crecimiento BPA (anual) | | -195.0% | +161.0% | -136.1% | +596.2% | -177.5% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +0.0% | +0.0% | -12.1% |
| Crecimiento FCF (anual) | | -94.5% | +1546.4% | -173.9% | +196.5% | +100.2% |
| Margen Bruto | 21.3% | 24.1% | 24.5% | 22.3% | 24.2% | 27.3% |
| Margen Operativo | -5.3% | 3.2% | 0.7% | -0.3% | -0.2% | 2.7% |
| Margen EBITDA | -1.4% | -6.7% | 11.6% | 1.7% | 12.5% | -1.9% |
| Margen Neto | -7.0% | -12.4% | 7.2% | -2.0% | 9.0% | -5.1% |
| Margen FCF | 24.9% | 0.8% | 12.7% | -7.2% | 6.4% | 10.6% |
| Tasa Impositiva Efectiva | 28.6% | -3.3% | -14.4% | 3.2% | 2.9% | -2.1% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.42 | $0.08 | $1.28 | $-0.95 | $0.91 | $2.08 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $79.4M | $79.4M | $79.4M | $79.4M | $79.4M | $69.8M |
Salud financiera
| Piotroski F-Score | 7 |
| Altman Z-Score | 6.10 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -76.85 | -26.05 | 42.69 | -118.23 | 23.83 | -44.38 |
| P/VC | -39.65 | -21.53 | 8977.36 | 14.83 | 6.64 | 3.52 |
| P/V | 5.40 | 3.25 | 3.06 | 2.35 | 2.14 | 2.27 |
| Margen Bruto | 21.3% | 24.1% | 24.5% | 22.3% | 24.2% | 27.3% |
| Margen Operativo | -5.3% | 3.2% | 0.7% | -0.3% | -0.2% | 2.7% |
| Margen Neto | -7.0% | -12.4% | 7.2% | -2.0% | 9.0% | -5.1% |