Estados financieros detallados de Nano Labs Ltd (NA): 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
Nano Labs Ltd registró ingresos de $27.0M en el último ejercicio fiscal, con un CAGR de 5 años del 66.2%.
Márgenes de los últimos 12 meses: margen bruto -147.3%, margen operativo 264.2%, margen neto 5.0%.
Al precio actual de $2.35, NA cotiza a un P/E de 1.68 y un ROE del 215.26%. La capitalización bursátil es de $158M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | 0 | $2.1M | $39.4M | $983.2M | $78.3M | $40.6M | $27.0M |
| Coste de Ventas | 0 | $1.3M | $43.5M | $753.0M | $181.8M | $29.0M | $66.8M |
| Beneficio Bruto | 0 | $856132 | -$4.1M | $230.2M | -$103.4M | $11.6M | -$39.8M |
| I+D | $10.1M | $34.5M | $145.5M | $131.9M | $88.6M | $50.1M | $7.8M |
| Generales y Administrativos | $828961 | $3.3M | $29.2M | $77.6M | $68.7M | $60.0M | $59.3M |
| Gastos Operativos | $10.9M | $37.8M | $174.7M | $209.5M | $157.3M | $110.1M | $67.4M |
| Beneficio Operativo | -$11.0M | -$36.9M | -$178.8M | $20.7M | -$260.8M | -$98.5M | -$107.2M |
| EBITDA | -$10.9M | -$37.1M | -$168.9M | $208.7M | -$243.3M | -$101.0M | -$92.4M |
| Gastos por Intereses | 0 | $3747 | $509764 | 0 | $920055 | $6.9M | $17.1M |
| Beneficio Antes de Impuestos | -$11.0M | -$37.7M | -$174.9M | $31.1M | -$254.4M | -$119.5M | $125.9M |
| Impuestos | $1587 | $2293 | 0 | 0 | -$17394 | 0 | 0 |
| Beneficio Neto | -$11.0M | -$37.7M | -$174.9M | $31.1M | -$252.8M | -$113.2M | $135.5M |
| BPA | $-0.28 | $-0.73 | $-3.40 | $5.84 | $-4.29 | $-1.68 | $5.59 |
| BPA Diluido | $-0.28 | $-0.73 | $-3.39 | $5.84 | $-4.29 | $-1.67 | $5.59 |
| Acciones en Circulación (Diluidas) | $39.6M | $52.0M | $52.0M | $53.7M | $58.9M | $67.7M | $23.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $9.4M | $27.01B | $1.4M | $1.4M |
| Beneficio Bruto | $1.8M | -$39.79B | -$2.9M | -$2.9M |
| Beneficio Operativo | $54.7M | $71.39B | -$145.8M | -$145.8M |
| EBITDA | -$15.5M | $155.05B | -$17.9M | -$17.9M |
| Beneficio Neto | $71.3M | $135.47B | -$154.8M | -$154.8M |
| BPA | $3.08 | $6.82 | $-6.83 | $-6.83 |
| BPA Diluido | $3.08 | $6.82 | $-6.83 | $-6.83 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $10.6M | $35.3M | $233.9M | $87.8M | $48.2M | $32.4M | $9.9M |
| Inversiones a Corto | $34274 | $400179 | $31.9M | $3.4M | $2.4M | $242.9M | $26.2M |
| Cuentas por Cobrar | 0 | $1.2M | $33.1M | $23.7M | $1.7M | $51.4M | $26.1M |
| Inventario | 0 | $7.2M | $213.9M | $102.2M | $12.9M | $29.9M | $13.7M |
| Activos Corrientes | $20.5M | $59.0M | $893.4M | $288.7M | $125.5M | $366.6M | $431.1M |
| Inmovilizado Material | $557015 | $1.8M | $16.4M | $29.9M | $177.1M | $202.5M | $185.8M |
| Fondo de Comercio | 0 | 0 | 0 | -$48.67B | 0 | 0 | 0 |
| Activos Intangibles | $265581 | $99301 | 0 | $48.72B | $47.7M | $46.7M | $45.8M |
| Activos Totales | $21.9M | $61.5M | $909.8M | $367.2M | $350.3M | $615.9M | $1.12B |
| Cuentas por Pagar | $509534 | $5.6M | $2.8M | $15.3M | $16.9M | $18.1M | $19.4M |
| Deuda a Corto | $7.0M | $5.0M | $819781 | $280000 | $23.4M | $23.4M | $63.0M |
| Pasivos Corrientes | $32.8M | $109.7M | $932.4M | $183.6M | $242.6M | $209.4M | $206.1M |
| Deuda a Largo | 0 | 0 | 0 | $16.7M | $120.3M | $170.7M | $171.0M |
| Pasivos Totales | $32.9M | $110.0M | $934.5M | $202.8M | $366.6M | $383.0M | $378.8M |
| Reservas | -$11.0M | -$48.7M | -$223.7M | -$199.2M | -$452.0M | -$565.2M | -$423.4M |
| Patrimonio Neto | -$11.0M | -$48.5M | -$24.7M | $164.4M | -$14.7M | $230.8M | $748.8M |
| Deuda Total | $7.2M | $5.7M | $7.3M | $23.7M | $150.9M | $198.9M | $235.7M |
| Deuda Neta | -$3.4M | -$30.0M | -$258.4M | -$67.6M | $100.4M | -$76.5M | $199.6M |
| Capital Circulante | -$12.3M | -$50.7M | -$38.9M | $105.0M | -$117.1M | $157.2M | $225.0M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $8.5M | $8.5M | $9.0M | $9.0M |
| Activos Totales | $1.12B | $1.12B | $736.7M | $736.7M |
| Pasivos Totales | $378.6M | $378.6M | $351.1M | $351.1M |
| Patrimonio Neto | $748.3M | $748.3M | $400.2M | $400.2M |
| Deuda Total | $235.6M | $235.6M | $229.1M | $229.1M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$11.0M | -$37.7M | -$174.9M | $31.1M | -$254.4M | -$119.5M | $125.9M |
| Amortizaciones | $131690 | $622872 | $5.5M | $9.4M | $10.2M | $11.6M | $12.2M |
| Compensación en Acciones | 0 | $214882 | $19344 | $9.3M | $718411 | $401520 | $73013 |
| Cambio en Capital Circulante | -$6.1M | $33.8M | $214.4M | -$508.9M | $49.1M | -$58.4M | -$33.7M |
| Flujo de Caja Operativo | $8.6M | -$3.0M | $71.7M | -$274.9M | -$133.5M | -$139.3M | -$108.3M |
| Inversiones (CapEx) | -$904027 | -$936776 | -$8.7M | -$66.8M | -$105.5M | -$36.4M | -$46283 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$1.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $7.7M | -$4.0M | $63.0M | -$341.8M | -$239.0M | -$175.7M | -$108.3M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$28.7M | -$108.27B | 0 | 0 |
| Inversiones (CapEx) | $275813 | -$46.3M | 0 | 0 |
| Flujo de Caja Libre | -$28.5M | -$108.32B | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $5338 | $73.0M | $6057 | $6057 |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | | +1754.6% | +2392.8% | -92.0% | -48.2% | -33.5% |
| Crecimiento Beneficio Neto (anual) | | -241.8% | -364.0% | +117.8% | -912.4% | +55.2% | +219.7% |
| Crecimiento BPA (anual) | | -160.7% | -365.8% | +271.8% | -173.5% | +60.8% | +432.7% |
| Cambio en Acciones (anual) | | +31.1% | +0.0% | +3.3% | +9.7% | +14.9% | -65.1% |
| Crecimiento FCF (anual) | | -151.7% | +1690.0% | -642.1% | +30.1% | +26.5% | +38.4% |
| Margen Bruto | | 40.3% | -10.4% | 23.4% | -132.1% | 28.6% | -147.3% |
| Margen Operativo | | -1735.9% | -453.3% | 2.1% | -332.9% | -242.7% | -396.8% |
| Margen EBITDA | | -1743.3% | -428.2% | 21.2% | -310.6% | -248.8% | -342.2% |
| Margen Neto | | -1772.9% | -443.6% | 3.2% | -322.7% | -278.8% | 501.6% |
| Margen FCF | | -186.4% | 159.8% | -34.8% | -305.0% | -432.8% | -401.1% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | 0.0% | 0.0% | -0.0% | 0.0% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.19 | $-0.08 | $1.21 | $-6.37 | $-4.06 | $-2.60 | $-4.59 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $39.6M | $51.9M | $51.9M | $53.2M | $58.9M | $67.3M | $23.6M |
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 | 21526.02% |
| Rentabilidad sobre capital invertido | 11616.56% |
| Rentabilidad sobre activos | 18396.95% |
| Margen bruto | -147.27% |
| Margen operativo | 264.24% |
| Margen neto | 501.51% |
Salud financiera
| Deuda / Patrimonio | 0.57 |
| Ratio corriente | 1.20 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -2996.02 | -1077.07 | -225.13 | 13.58 | -29.94 | -38.88 | 3.94 |
| P/VC | -3013.32 | -840.95 | -1610.67 | 25.69 | -513.44 | 19.06 | 0.69 |
| P/V | 0.00 | 19186.32 | 1007.12 | 4.30 | 96.56 | 108.35 | 19.25 |
| Margen Bruto | 0.0% | 40.3% | -10.4% | 23.4% | -132.1% | 28.6% | -147.3% |
| Margen Operativo | 0.0% | -1735.9% | -453.3% | 2.1% | -332.9% | -242.7% | -396.8% |
| Margen Neto | 0.0% | -1772.9% | -443.6% | 3.2% | -322.7% | -278.8% | 501.6% |