Estados financieros detallados de Phunware, Inc. (PHUN): 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
Phunware, Inc. registró ingresos de $2.6M en el último ejercicio fiscal, con un CAGR de 5 años del -23.9%.
Márgenes de los últimos 12 meses: margen bruto 61.0%, margen operativo -7.8%, margen neto -473.1%.
Al precio actual de $2.01, PHUN presenta beneficios negativos (P/E no significativo) y un ROE del -13.83%. La capitalización bursátil es de $41M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $47.4M | $26.7M | $30.9M | $19.1M | $10.0M | $10.6M | $6.5M | $4.8M | $3.2M | $2.6M |
| Coste de Ventas | $28.8M | $15.7M | $11.8M | $9.0M | $3.4M | $7.0M | $3.0M | $3.1M | $1.7M | $1.3M |
| Beneficio Bruto | $18.5M | $11.0M | $19.1M | $10.1M | $6.6M | $3.6M | $3.5M | $1.7M | $1.5M | $1.3M |
| I+D | $9.9M | $11.1M | $7.0M | $4.3M | $2.6M | $4.2M | $6.1M | $4.4M | $2.3M | $3.2M |
| Generales y Administrativos | $146582 | $25.5M | $19.0M | $18.1M | $17.0M | $16.3M | $21.4M | $17.1M | $13.1M | $18.6M |
| Gastos Operativos | $146582 | $36.6M | $25.9M | $22.4M | $24.1M | $20.5M | $27.5M | $47.4M | $15.3M | $21.8M |
| Beneficio Operativo | -$146580 | -$25.6M | -$6.9M | -$12.3M | -$17.5M | -$16.8M | -$24.0M | -$45.7M | -$13.9M | -$20.5M |
| EBITDA | -$90189 | -$24.2M | -$9.0M | -$12.0M | -$18.6M | -$49.2M | -$43.0M | -$40.1M | -$10.1M | -$11.3M |
| Gastos por Intereses | 0 | $397000 | $724000 | $581000 | $3.4M | $4.5M | $2.4M | $1.7M | $135000 | $32000 |
| Beneficio Antes de Impuestos | -$90189 | -$26.0M | -$10.2M | -$12.9M | -$22.2M | -$53.9M | -$45.4M | -$41.9M | -$10.3M | -$11.4M |
| Impuestos | $68000 | -$88000 | -$374000 | $5000 | $2000 | -$426000 | $4000 | $29000 | $41000 | $19000 |
| Beneficio Neto | -$90189 | -$25.9M | -$9.8M | -$12.9M | -$22.2M | -$53.5M | -$50.9M | -$52.8M | -$10.3M | -$11.4M |
| BPA | $-2.15 | $-52.39 | $-19.18 | $-17.45 | $-25.07 | $-35.50 | $-25.71 | $-22.18 | $-0.94 | $-0.57 |
| BPA Diluido | $-2.15 | $-52.39 | $-19.18 | $-17.45 | $-25.07 | $-35.47 | $-25.71 | $-22.18 | $-0.94 | $-0.57 |
| Acciones en Circulación (Diluidas) | $41879 | $495118 | $511120 | $737580 | $885380 | $1.5M | $2.0M | $2.4M | $11.0M | $20.2M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $622000 | $788000 | $542000 | $799000 |
| Beneficio Bruto | $287000 | $455000 | $384000 | $551000 |
| Beneficio Operativo | -$3.5M | -$7.9M | -$4.0M | -$6.0M |
| EBITDA | -$2.4M | -$2.1M | -$3.2M | -$5.2M |
| Beneficio Neto | -$2.4M | -$2.2M | -$3.2M | -$5.2M |
| BPA | $-0.12 | $-0.11 | $-0.16 | $-0.26 |
| BPA Diluido | $-0.12 | $-0.11 | $-0.16 | $-0.26 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $490888 | $308000 | $844000 | $276000 | $3.9M | $23.1M | $2.0M | $3.9M | $113.0M | $100.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $96000 |
| Cuentas por Cobrar | $8.1M | $6.2M | $3.6M | $1.7M | $664000 | $967000 | $958000 | $550000 | $276000 | $300000 |
| Inventario | -$8.1M | 0 | 0 | 0 | 0 | $2.6M | $2.8M | 0 | 0 | 0 |
| Activos Corrientes | $523107 | $6.9M | $4.7M | $2.3M | $4.9M | $60.0M | $16.9M | $5.0M | $113.8M | $120.1M |
| Inmovilizado Material | $255000 | $128000 | $66000 | $24000 | $13000 | $1.3M | $3.9M | $1.5M | $864000 | $563000 |
| Fondo de Comercio | $25.8M | $25.9M | $25.8M | $25.9M | $25.9M | $33.3M | $31.1M | 0 | 0 | 0 |
| Activos Intangibles | $2.2M | $901000 | $521000 | $253000 | $111000 | $3.2M | $2.5M | 0 | 0 | 0 |
| Activos Totales | $71.0M | $34.0M | $36.9M | $29.1M | $31.8M | $98.0M | $56.8M | $6.7M | $114.8M | $120.9M |
| Cuentas por Pagar | 0 | $3.5M | $9.9M | $10.2M | $8.5M | $6.6M | $7.3M | $7.8M | $3.8M | $1.1M |
| Deuda a Corto | $780000 | $1.8M | $2.0M | $1.1M | $4.4M | $4.9M | $10.6M | $4.9M | 0 | 0 |
| Pasivos Corrientes | $50250 | $15.2M | $20.0M | $19.8M | $26.5M | $30.3M | $25.6M | $16.5M | $6.5M | $23.9M |
| Deuda a Largo | 0 | 0 | 0 | $1.1M | $4.0M | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $1.8M | $26.1M | $31.1M | $25.0M | $33.8M | $32.7M | $31.9M | $18.2M | $7.6M | $24.6M |
| Reservas | -$90189 | -$102.0M | -$111.8M | -$123.6M | -$145.8M | -$199.3M | -$250.2M | -$303.0M | -$313.3M | -$324.7M |
| Patrimonio Neto | $69.2M | $7.9M | $5.8M | $4.0M | -$2.0M | $65.3M | $24.9M | -$11.5M | $107.2M | $96.3M |
| Deuda Total | $780000 | $1.8M | $2.0M | $2.2M | $8.4M | $6.5M | $13.2M | $6.6M | $932000 | $619000 |
| Deuda Neta | $289112 | $1.5M | $1.1M | $1.9M | $4.5M | -$16.7M | $11.3M | $2.7M | -$112.0M | -$100.1M |
| Capital Circulante | $472857 | -$8.3M | -$15.3M | -$17.5M | -$21.6M | $29.7M | -$8.7M | -$11.5M | $107.3M | $96.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $103.8M | $100.6M | $97.9M | $92.1M |
| Activos Totales | $105.6M | $120.9M | $99.7M | $93.5M |
| Pasivos Totales | $7.3M | $24.6M | $6.5M | $5.0M |
| Patrimonio Neto | $98.3M | $96.3M | $93.2M | $88.5M |
| Deuda Total | $701000 | $619000 | $537000 | $452998 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$90189 | -$25.9M | -$9.8M | -$12.9M | -$22.2M | -$53.5M | -$50.9M | -$23.0M | -$10.3M | -$11.4M |
| Amortizaciones | $1.8M | $1.4M | $434000 | $327000 | $153000 | $3.2M | $1.0M | $84000 | 0 | 0 |
| Compensación en Acciones | $247000 | $118000 | $450000 | $1.8M | $4.5M | $4.9M | $3.0M | $4.1M | $1.7M | $455000 |
| Cambio en Capital Circulante | $18031 | $4.4M | $863000 | $4.5M | $3.3M | -$9.0M | -$1.3M | -$2.0M | -$3.7M | -$713000 |
| Flujo de Caja Operativo | -$72158 | -$17.0M | -$6.6M | -$6.2M | -$11.0M | -$22.5M | -$26.9M | -$18.4M | -$13.3M | -$12.5M |
| Inversiones (CapEx) | -$28000 | -$27000 | 0 | -$18000 | 0 | -$41.3M | -$1.2M | 0 | 0 | 0 |
| Adquisiciones | 0 | $27000 | 0 | 0 | 0 | -$5.1M | -$2.4M | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$502000 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$100158 | -$17.0M | -$6.6M | -$6.2M | -$11.0M | -$63.8M | -$28.0M | -$18.4M | -$13.3M | -$12.5M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$2.5M | -$3.2M | -$2.7M | -$5.7M |
| Inversiones (CapEx) | 0 | $3.2M | $2.7M | -$2.7M |
| Flujo de Caja Libre | -$2.5M | 0 | 0 | -$8.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $134000 | 0 | 0 | $636000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -43.6% | +15.6% | -38.0% | -47.8% | +6.4% | -38.7% | -25.9% | -34.0% | -19.9% |
| Crecimiento Beneficio Neto (anual) | | -28659.6% | +62.2% | -31.3% | -72.5% | -141.1% | +4.9% | -3.7% | +80.5% | -10.5% |
| Crecimiento BPA (anual) | | -2336.7% | +63.4% | +9.0% | -43.7% | -41.6% | +27.6% | +13.7% | +95.8% | +39.4% |
| Cambio en Acciones (anual) | | +1082.3% | +3.2% | +44.3% | +20.0% | +70.4% | +31.2% | +20.2% | +361.0% | +83.9% |
| Crecimiento FCF (anual) | | -16890.2% | +61.3% | +5.9% | -76.8% | -481.4% | +56.1% | +34.2% | +27.8% | +6.3% |
| Margen Bruto | 39.1% | 41.2% | 61.8% | 52.9% | 66.4% | 33.9% | 53.8% | 34.9% | 45.6% | 50.6% |
| Margen Operativo | -0.3% | -95.9% | -22.2% | -64.3% | -175.0% | -158.3% | -368.5% | -945.6% | -435.5% | -803.7% |
| Margen EBITDA | -0.2% | -90.5% | -29.2% | -62.4% | -186.3% | -462.5% | -658.9% | -829.8% | -317.5% | -444.1% |
| Margen Neto | -0.2% | -97.1% | -31.7% | -67.2% | -222.0% | -502.9% | -780.5% | -1092.4% | -323.5% | -446.6% |
| Margen FCF | -0.2% | -63.7% | -21.3% | -32.4% | -109.7% | -599.4% | -429.7% | -381.5% | -417.1% | -488.3% |
| Tasa Impositiva Efectiva | -75.4% | 0.3% | 3.7% | -0.0% | -0.0% | 0.8% | -0.0% | -0.1% | -0.4% | -0.2% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-2.39 | $-34.37 | $-12.90 | $-8.41 | $-12.39 | $-42.28 | $-14.15 | $-7.75 | $-1.21 | $-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) | $41879 | $495118 | $511120 | $737580 | $885380 | $1.5M | $2.0M | $2.4M | $11.0M | $20.2M |
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 | -13.83% |
| Rentabilidad sobre capital invertido | -24.12% |
| Rentabilidad sobre activos | -13.92% |
| Margen bruto | 60.96% |
| Margen operativo | -782.12% |
| Margen neto | -473.10% |
Salud financiera
| Deuda / Patrimonio | 0.01 |
| Ratio corriente | 19.84 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -231.40 | -9.69 | -37.17 | -3.41 | -2.51 | -3.70 | -1.50 | -0.18 | -5.53 | -3.25 |
| P/VC | 0.30 | 31.79 | 62.54 | 10.90 | -28.19 | 3.04 | 3.08 | -0.85 | 0.53 | 0.39 |
| P/V | 0.44 | 9.40 | 11.80 | 2.29 | 5.58 | 18.63 | 11.74 | 2.02 | 17.89 | 14.62 |
| Margen Bruto | 39.1% | 41.2% | 61.8% | 52.9% | 66.4% | 33.9% | 53.8% | 34.9% | 45.6% | 50.6% |
| Margen Operativo | -0.3% | -95.9% | -22.2% | -64.3% | -175.0% | -158.3% | -368.5% | -945.6% | -435.5% | -803.7% |
| Margen Neto | -0.2% | -97.1% | -31.7% | -67.2% | -222.0% | -502.9% | -780.5% | -1092.4% | -323.5% | -446.6% |