Estados financieros detallados de MIND Technology, Inc. (MIND): 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
MIND Technology, Inc. registró ingresos de $40.9M en el último ejercicio fiscal, con un CAGR de 5 años del 14.1%.
Márgenes de los últimos 12 meses: margen bruto 44.0%, margen operativo 8.3%, margen neto 3.1%.
Al precio actual de $4.10, MIND cotiza a un P/E de 25.74 y un ROE del 3.45%. La capitalización bursátil es de $37M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Ingresos | $41.0M | $48.3M | $42.9M | $29.9M | $21.2M | $23.1M | $25.0M | $36.5M | $46.9M | $40.9M |
| Coste de Ventas | $50.8M | $44.3M | $33.7M | $19.5M | $16.7M | $19.3M | $16.4M | $21.7M | $26.8M | $23.2M |
| Beneficio Bruto | -$9.8M | $3.9M | $9.2M | $10.5M | $4.5M | $3.8M | $8.6M | $14.8M | $20.0M | $17.8M |
| I+D | 0 | $1.5M | $1.2M | $1.9M | $3.0M | $3.6M | $1.4M | $2.1M | $1.9M | $1.6M |
| Generales y Administrativos | $21.5M | $20.7M | $21.1M | $14.1M | $13.3M | $14.8M | $12.9M | $12.1M | $11.3M | $13.3M |
| Gastos Operativos | $21.5M | $22.2M | $23.5M | $16.0M | $16.3M | $18.4M | $14.3M | $14.3M | $13.2M | $14.9M |
| Beneficio Operativo | -$31.3M | -$18.2M | -$14.2M | -$5.5M | -$11.8M | -$14.5M | -$5.7M | $518000 | $6.8M | $2.9M |
| EBITDA | -$3.0M | -$1.6M | -$2.5M | -$3.0M | -$9.0M | -$11.4M | -$3.5M | $2.1M | $8.0M | $3.8M |
| Gastos por Intereses | $653000 | 0 | 0 | $46000 | 0 | 0 | $519000 | $675000 | 0 | 0 |
| Beneficio Antes de Impuestos | -$31.3M | -$20.2M | -$19.6M | -$6.2M | -$13.5M | -$13.6M | -$5.4M | $238000 | $7.1M | $2.9M |
| Impuestos | $1.8M | $910000 | $252000 | $353000 | $536000 | -$39000 | $699000 | $1.3M | $2.0M | $2.2M |
| Beneficio Neto | -$33.2M | -$21.1M | -$19.8M | -$11.3M | -$18.4M | -$15.1M | -$8.8M | -$2.1M | $5.1M | $750000 |
| BPA | $-27.47 | $-17.44 | $-16.39 | $-9.30 | $-3.56 | $-2.46 | $-8.98 | $-0.38 | $0.64 | $0.09 |
| BPA Diluido | $-27.90 | $-18.20 | $-17.80 | $-9.30 | $-3.56 | $-2.46 | $-9.20 | $-0.38 | $0.64 | $0.10 |
| Acciones en Circulación (Diluidas) | $4.8M | $4.8M | $4.8M | $4.9M | $5.2M | $5.5M | $5.5M | $5.5M | $8.0M | $9.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Ingresos | $9.7M | $9.8M | $9.7M | $5.6M |
| Beneficio Bruto | $4.3M | $3.8M | $4.1M | $1.9M |
| Beneficio Operativo | $774000 | $78000 | $14000 | -$1.8M |
| EBITDA | $990000 | $419000 | $293000 | -$1.6M |
| Beneficio Neto | $62000 | -$271000 | -$411000 | -$1.7M |
| BPA | $0.01 | $-0.03 | $-0.05 | $-0.19 |
| BPA Diluido | $0.01 | $-0.03 | $-0.05 | $-0.19 |
Balance (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caja y Equivalentes | $2.9M | $9.9M | $9.4M | $3.1M | $4.6M | $5.1M | $778000 | $5.3M | $5.3M | $19.1M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $15.8M | $10.5M | $12.1M | $6.6M | $4.7M | $8.1M | $4.0M | $6.6M | $11.8M | $12.6M |
| Inventario | $12.0M | $10.9M | $10.8M | $13.3M | $11.5M | $14.0M | $15.3M | $13.4M | $13.7M | $11.2M |
| Activos Corrientes | $35.1M | $33.0M | $36.3M | $30.6M | $26.8M | $29.2M | $22.2M | $28.3M | $32.1M | $44.9M |
| Inmovilizado Material | $43.8M | $22.9M | $14.2M | $16.1M | $6.2M | $6.1M | $5.7M | $2.1M | $2.2M | $2.3M |
| Fondo de Comercio | $4.0M | $2.5M | $2.5M | $2.5M | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $9.0M | $8.0M | $10.5M | $8.2M | $6.8M | $6.0M | $4.9M | $2.9M | $2.3M | $1.8M |
| Activos Totales | $94.7M | $73.7M | $65.3M | $58.2M | $39.8M | $42.0M | $32.9M | $33.5M | $36.7M | $49.3M |
| Cuentas por Pagar | $1.9M | $1.3M | $1.5M | $1.8M | $1.7M | $2.0M | $4.1M | $1.6M | $2.6M | $1.2M |
| Deuda a Corto | $6.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $13.5M | $7.5M | $7.4M | $8.4M | $7.8M | $10.7M | $8.9M | $10.3M | $8.6M | $7.4M |
| Deuda a Largo | 0 | 0 | 0 | 0 | $850000 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $13.8M | $7.8M | $8.6M | $10.6M | $9.3M | $11.8M | $9.8M | $10.8M | $9.4M | $7.8M |
| Reservas | -$20.5M | -$42.4M | -$64.0M | -$77.3M | -$99.9M | -$117.9M | -$127.6M | -$128.3M | -$108.4M | -$107.7M |
| Patrimonio Neto | $80.9M | $65.8M | $56.7M | $47.7M | $30.4M | $30.3M | $23.1M | $22.6M | $27.3M | $41.4M |
| Deuda Total | $6.4M | 0 | 0 | $2.3M | $2.3M | $1.8M | $1.7M | $1.3M | $1.3M | $1.1M |
| Deuda Neta | $3.5M | -$9.9M | -$9.4M | -$790000 | -$2.3M | -$3.3M | $971000 | -$4.0M | -$4.0M | -$18.0M |
| Capital Circulante | $21.6M | $25.5M | $28.9M | $22.2M | $19.0M | $18.5M | $13.3M | $18.1M | $23.5M | $37.4M |
Balance (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Caja y Equivalentes | $19.4M | $19.1M | $17.7M | $15.8M |
| Activos Totales | $47.3M | $49.3M | $50.8M | $46.7M |
| Pasivos Totales | $7.4M | $7.8M | $9.2M | $6.4M |
| Patrimonio Neto | $39.9M | $41.4M | $41.5M | $40.3M |
| Deuda Total | $1.3M | $1.1M | $910000 | $839000 |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Beneficio Neto | -$33.2M | -$21.1M | -$19.8M | -$11.3M | -$14.0M | -$15.1M | -$8.8M | -$1.1M | $5.1M | $750000 |
| Amortizaciones | $28.3M | $16.6M | $11.8M | $7.8M | $2.8M | $2.2M | $1.9M | $1.2M | $944000 | $873000 |
| Compensación en Acciones | $737000 | $903000 | $781000 | $854000 | $708000 | $643000 | $654000 | $261000 | $235000 | $1.6M |
| Cambio en Capital Circulante | $5.2M | $5.7M | -$2.8M | -$5.6M | $5.2M | -$4.3M | $2.3M | -$4.4M | -$5.2M | -$599000 |
| Flujo de Caja Operativo | $3.2M | $719000 | -$5.5M | -$5.8M | -$6.4M | -$17.1M | -$2.9M | -$5.0M | $651000 | $2.6M |
| Inversiones (CapEx) | -$919000 | -$1.3M | -$2.5M | -$4.0M | -$566000 | -$834000 | -$582000 | -$290000 | -$437000 | -$663000 |
| Adquisiciones | 0 | 0 | -$147000 | $239000 | $257000 | $761000 | 0 | $10.8M | 0 | 0 |
| Recompra de Acciones | -$4000 | -$4.2M | 0 | 0 | 0 | -$2000 | -$1000 | 0 | 0 | 0 |
| Dividendos Pagados | -$486000 | -$905000 | -$1.7M | -$2.0M | -$1.7M | -$2.5M | -$1.9M | -$946000 | 0 | 0 |
| Flujo de Caja Libre | $2.2M | -$597000 | -$8.0M | -$9.8M | -$6.9M | -$18.0M | -$3.5M | -$5.3M | $214000 | $1.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q4 | 2026-Q1 | 2026-Q2 | 2026-Q3 |
|---|
| Flujo de Caja Operativo | $894000 | -$1.2M | -$1.3M | -$1.8M |
| Inversiones (CapEx) | -$93000 | -$151000 | -$48000 | -$108000 |
| Flujo de Caja Libre | $801000 | -$1.4M | -$1.4M | -$1.9M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $283000 | $714000 | $518000 | $543000 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crecimiento Ingresos (anual) | | +17.7% | -11.0% | -30.3% | -29.1% | +8.9% | +8.2% | +46.0% | +28.4% | -12.6% |
| Crecimiento Beneficio Neto (anual) | | +36.4% | +5.8% | +43.1% | -63.4% | +18.2% | +41.5% | +76.6% | +345.2% | -85.2% |
| Crecimiento BPA (anual) | | +36.5% | +6.0% | +43.3% | +61.7% | +30.9% | -265.0% | +95.8% | +268.4% | -85.9% |
| Cambio en Acciones (anual) | | +0.1% | +0.2% | +0.3% | +6.8% | +6.2% | +0.1% | -0.3% | +45.0% | +13.4% |
| Crecimiento FCF (anual) | | -126.7% | -1238.0% | -22.8% | +29.4% | -159.4% | +80.6% | -50.8% | +104.1% | +798.6% |
| Margen Bruto | -23.9% | 8.2% | 21.5% | 35.0% | 21.3% | 16.5% | 34.4% | 40.5% | 42.7% | 43.4% |
| Margen Operativo | -76.3% | -37.8% | -33.1% | -18.5% | -55.6% | -62.9% | -22.6% | 1.4% | 14.5% | 7.0% |
| Margen EBITDA | -7.4% | -3.3% | -5.9% | -10.1% | -42.4% | -49.4% | -14.1% | 5.7% | 17.1% | 9.2% |
| Margen Neto | -80.9% | -43.6% | -46.2% | -37.7% | -87.0% | -65.3% | -35.3% | -5.7% | 10.8% | 1.8% |
| Margen FCF | 5.5% | -1.2% | -18.6% | -32.8% | -32.6% | -77.8% | -13.9% | -14.4% | 0.5% | 4.7% |
| Tasa Impositiva Efectiva | -5.8% | -4.5% | -1.3% | -5.7% | -4.0% | 0.3% | -13.0% | 562.2% | 28.1% | 74.1% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Acción | $0.46 | $-0.12 | $-1.65 | $-2.02 | $-1.33 | $-3.26 | $-0.63 | $-0.96 | $0.03 | $0.21 |
| Dividendo por Acción | $0.10 | $0.19 | $0.35 | $0.42 | $0.32 | $0.46 | $0.34 | $0.17 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $4.8M | $4.8M | $4.8M | $4.9M | $5.2M | $5.5M | $5.5M | $5.5M | $8.0M | $9.0M |
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 | 3.45% |
| Rentabilidad sobre capital invertido | 2.99% |
| Rentabilidad sobre activos | 2.58% |
| Margen bruto | 43.97% |
| Margen operativo | 8.26% |
| Margen neto | 3.06% |
Salud financiera
| Deuda / Patrimonio | 0.02 |
| Ratio corriente | 5.20 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/E | -1.77 | -2.16 | -2.43 | -3.05 | -6.01 | -5.61 | -0.73 | -15.79 | 14.48 | 97.22 |
| P/VC | 2.90 | 2.76 | 3.40 | 2.89 | 3.65 | 2.51 | 1.58 | 1.46 | 2.70 | 1.91 |
| P/V | 5.72 | 3.76 | 4.49 | 4.61 | 5.23 | 3.29 | 1.45 | 0.90 | 1.58 | 1.93 |
| Margen Bruto | -23.9% | 8.2% | 21.5% | 35.0% | 21.3% | 16.5% | 34.4% | 40.5% | 42.7% | 43.4% |
| Margen Operativo | -76.3% | -37.8% | -33.1% | -18.5% | -55.6% | -62.9% | -22.6% | 1.4% | 14.5% | 7.0% |
| Margen Neto | -80.9% | -43.6% | -46.2% | -37.7% | -87.0% | -65.3% | -35.3% | -5.7% | 10.8% | 1.8% |