Estados financieros detallados de PureTech Health plc (PRTC): 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
PureTech Health plc registró ingresos de $4.7M en el último ejercicio fiscal, con un CAGR de 5 años del -11.0%.
Márgenes de los últimos 12 meses: margen bruto -471.2%, margen operativo -21.2%, margen neto -23.6%.
Al precio actual de $17.38, PRTC presenta beneficios negativos (P/E no significativo) y un ROE del -31.83%. La capitalización bursátil es de $4.2B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $4.4M | $650000 | $16.4M | $8.7M | $8.3M | $10.0M | $2.1M | $3.3M | $4.8M | $4.7M |
| Coste de Ventas | $1.6M | $71.0M | $77.4M | $85.8M | 0 | $110.5M | $152.4M | $4.9M | $3.6M | 0 |
| Beneficio Bruto | $2.9M | -$70.4M | -$61.0M | -$77.2M | $8.3M | -$100.5M | -$136.8M | -$1.6M | $1.3M | $4.7M |
| I+D | $41.2M | $71.7M | $57.3M | $65.2M | $61.2M | $81.5M | $116.1M | $96.2M | $54.3M | $45.7M |
| Generales y Administrativos | $37.2M | $46.3M | $24.4M | $34.9M | $26.5M | $30.8M | $35.7M | $48.4M | $27.5M | $20.7M |
| Gastos Operativos | $78.4M | $116.1M | $120.4M | $144.1M | $127.9M | $160.3M | $61.0M | $54.6M | $140.4M | $103.2M |
| Beneficio Operativo | -$73.9M | -$115.4M | -$104.0M | -$135.4M | -$119.5M | -$150.3M | -$197.8M | -$146.2M | -$136.1M | -$98.5M |
| EBITDA | -$74.8M | -$40.8M | -$65.3M | $487.8M | $62.7M | $26.7M | -$188.9M | -$11.6M | $37.4M | -$61.8M |
| Gastos por Intereses | $6.8M | $10.2M | $14.8M | $4.1M | $2.9M | $4.7M | $4.0M | $13.5M | $10.0M | $45.8M |
| Beneficio Antes de Impuestos | -$83.2M | -$70.7M | -$68.4M | $478.5M | $19.0M | -$59.0M | -$92.8M | -$36.1M | $23.8M | -$110.9M |
| Impuestos | -$1.6M | -$14000 | $2.2M | $112.4M | $14.4M | $3.8M | -$55.7M | $30.5M | -$4.0M | -$842000 |
| Beneficio Neto | -$48.8M | $30.9M | -$43.7M | $421.1M | $6.0M | -$60.6M | -$50.4M | -$65.7M | $53.5M | -$109.7M |
| BPA | $-2.10 | $1.10 | $-1.60 | $14.40 | $0.20 | $-2.10 | $-1.80 | $-2.40 | $2.00 | $-46.00 |
| BPA Diluido | $-2.10 | $1.10 | $-1.60 | $14.40 | $0.20 | $-2.10 | $-1.80 | $-2.40 | $2.00 | $-46.00 |
| Acciones en Circulación (Diluidas) | $23.0M | $23.9M | $27.4M | $29.2M | $29.3M | $28.7M | $28.5M | $27.6M | $27.0M | $2.4M |
Cuenta de Resultados (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Ingresos | $288000 | $4.0M | $1.9M | $2.8M |
| Beneficio Bruto | -$38.6M | $43.0M | -$23.0M | $1.1M |
| Beneficio Operativo | -$66.4M | -$69.7M | -$47.9M | -$50.4M |
| EBITDA | -$64.6M | $102.0M | -$46.2M | -$48.8M |
| Beneficio Neto | -$41.8M | $95.3M | -$44.6M | -$64.9M |
| BPA | $-1.50 | $3.50 | $-1.90 | $-26.90 |
| BPA Diluido | $-1.50 | $3.50 | $-1.90 | $-26.90 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $63.0M | $72.6M | $117.1M | $132.4M | $403.9M | $465.7M | $149.9M | $191.1M | $280.6M | $254.1M |
| Inversiones a Corto | $219.4M | $117.0M | $133.8M | $30.1M | 0 | 0 | $200.2M | $136.1M | $86.7M | $24.8M |
| Cuentas por Cobrar | $125000 | $1.8M | $1.3M | $2.3M | $2.9M | $3.6M | $22.4M | $2.4M | $12.9M | $8.1M |
| Inventario | -$1.9M | -$2.7M | -$1.3M | 0 | 0 | $28.0M | 0 | 0 | 0 | 0 |
| Activos Corrientes | $288.2M | $198.1M | $259.8M | $168.8M | $414.3M | $501.8M | $386.2M | $347.2M | $386.3M | $305.0M |
| Inmovilizado Material | $6.9M | $6.9M | $8.3M | $43.8M | $42.9M | $43.9M | $37.2M | $19.4M | $15.1M | $11.5M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $3.5M | $3.3M | $3.1M | $625000 | $899000 | $987000 | $831000 | $906000 | $601000 | $601000 |
| Activos Totales | $298.7M | $339.8M | $441.8M | $941.2M | $990.0M | $946.0M | $702.6M | $694.0M | $602.6M | $534.7M |
| Cuentas por Pagar | $2.1M | $3.4M | $4.6M | $11.1M | $8.9M | $11.3M | $26.5M | $14.6M | $5.5M | $3.1M |
| Deuda a Corto | $7.0M | $7.5M | $12.0M | $1.5M | $26.5M | $5.5M | $7.5M | $3.7M | $4.1M | $4.9M |
| Pasivos Corrientes | $204.1M | $273.9M | $265.8M | $139.2M | $180.9M | $226.1M | $96.9M | $51.4M | $41.4M | $46.3M |
| Deuda a Largo | 0 | 0 | $357000 | 0 | $14.8M | $14.3M | $10.2M | 0 | 0 | 0 |
| Pasivos Totales | $206.3M | $275.8M | $274.8M | $290.8M | $336.5M | $361.9M | $155.1M | $235.7M | $194.7M | $229.0M |
| Reservas | -$160.3M | -$127.9M | -$167.7M | $254.4M | $260.4M | $199.9M | $149.5M | $83.8M | $32.5M | $61.3M |
| Patrimonio Neto | $177.7M | $214.3M | $275.5M | $668.0M | $669.7M | $593.5M | $542.2M | $464.1M | $414.7M | $312.1M |
| Deuda Total | $7.0M | $7.5M | $12.4M | $39.3M | $76.6M | $52.7M | $46.9M | $25.3M | $22.4M | $19.6M |
| Deuda Neta | -$275.4M | -$182.2M | -$238.5M | -$123.2M | -$327.3M | -$413.0M | -$303.2M | -$301.8M | -$344.9M | -$259.3M |
| Capital Circulante | $84.1M | -$75.8M | -$6.0M | $29.6M | $233.4M | $275.7M | $289.3M | $295.8M | $344.9M | $258.7M |
Balance (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Caja y Equivalentes | $308.5M | $280.6M | $262.2M | $254.1M |
| Activos Totales | $580.0M | $602.6M | $553.2M | $534.7M |
| Pasivos Totales | $273.7M | $194.7M | $184.2M | $229.0M |
| Patrimonio Neto | $315.9M | $414.7M | $376.0M | $312.1M |
| Deuda Total | $27.3M | $22.4M | $21.1M | $19.6M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$81.6M | -$70.7M | -$70.7M | $366.1M | $4.6M | -$62.7M | -$37.1M | -$65.7M | $27.8M | -$110.0M |
| Amortizaciones | $1.6M | $2.1M | $2.8M | $6.7M | $6.6M | $7.3M | $8.9M | $4.9M | $3.6M | $3.4M |
| Compensación en Acciones | $10.2M | $11.8M | $12.6M | $14.5M | $10.7M | $13.9M | $14.7M | $4.4M | $22.9M | $8.2M |
| Cambio en Capital Circulante | $1.9M | $3.0M | $10.0M | $15.0M | -$8.5M | $861000 | $15.9M | $17.5M | -$10.2M | -$3.1M |
| Flujo de Caja Operativo | -$58.0M | -$88.7M | -$72.8M | -$98.2M | -$131.8M | -$158.3M | -$178.8M | -$105.9M | -$134.4M | -$85.3M |
| Inversiones (CapEx) | -$3.7M | -$2.2M | -$4.5M | -$12.5M | -$5.4M | -$5.7M | -$2.2M | -$245000 | -$11000 | -$6010 |
| Adquisiciones | 0 | -$16.3M | -$13.4M | -$16.0M | -$10.0M | $321000 | -$20.4M | -$13.8M | -$106.0M | $269628 |
| Recompra de Acciones | 0 | -$66000 | -$35000 | -$1.3M | 0 | -$13.3M | -$26.5M | -$19.6M | -$107.6M | -$2.1M |
| Dividendos Pagados | 0 | -$91000 | -$8000 | -$112000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$61.7M | -$90.9M | -$77.3M | -$110.7M | -$137.3M | -$163.9M | -$181.0M | -$106.2M | -$134.4M | -$85.3M |
Flujo de Caja (Trimestral)
| Año | 2024-Q2 | 2024-Q4 | 2025-Q2 | 2025-Q4 |
|---|
| Flujo de Caja Operativo | -$80.0M | -$54.4M | -$46.3M | -$38.5M |
| Inversiones (CapEx) | $4 | -$11000 | -$3 | -$5978 |
| Flujo de Caja Libre | -$80.0M | -$54.4M | -$46.3M | -$38.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $4.6M | $18.2M | $4.7M | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -85.3% | +2418.6% | -46.9% | -4.0% | +19.6% | -79.1% | +59.3% | +45.0% | -3.5% |
| Crecimiento Beneficio Neto (anual) | | +163.3% | -241.4% | +1064.7% | -98.6% | -1111.8% | +16.8% | -30.5% | +181.4% | -305.1% |
| Crecimiento BPA (anual) | | +152.4% | -245.5% | +1000.0% | -98.6% | -1150.0% | +14.3% | -33.3% | +183.3% | -2400.0% |
| Cambio en Acciones (anual) | | +4.1% | +14.6% | +6.5% | +0.4% | -2.1% | -0.6% | -3.0% | -2.4% | -91.1% |
| Crecimiento FCF (anual) | | -47.2% | +14.9% | -43.2% | -24.0% | -19.4% | -10.4% | +41.3% | -26.6% | +36.5% |
| Margen Bruto | 64.6% | -10828.5% | -372.8% | -888.1% | 100.0% | -1007.0% | -6546.2% | -48.1% | 26.0% | 100.0% |
| Margen Operativo | -1668.4% | -17756.9% | -635.4% | -1558.5% | -1433.1% | -1506.0% | -9464.4% | -4390.4% | -2818.9% | -2114.7% |
| Margen EBITDA | -1688.2% | -6275.5% | -398.7% | 5614.4% | 751.6% | 267.6% | -9038.9% | -349.2% | 774.3% | -1326.5% |
| Margen Neto | -1101.2% | 4749.1% | -266.7% | 4847.4% | 71.8% | -606.9% | -2409.3% | -1972.9% | 1108.3% | -2355.4% |
| Margen FCF | -1392.7% | -13978.3% | -472.1% | -1274.1% | -1645.5% | -1642.8% | -8658.8% | -3188.0% | -2783.3% | -1831.6% |
| Tasa Impositiva Efectiva | 1.9% | 0.0% | -3.2% | 23.5% | 75.9% | -6.4% | 60.1% | -84.5% | -16.9% | 0.8% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-2.69 | $-3.80 | $-2.82 | $-3.79 | $-4.69 | $-5.72 | $-6.36 | $-3.84 | $-4.98 | $-35.44 |
| 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) | $23.0M | $23.9M | $27.3M | $29.2M | $29.3M | $28.7M | $28.0M | $27.6M | $27.0M | $2.4M |
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 | -31.83% |
| Rentabilidad sobre capital invertido | -19.64% |
| Rentabilidad sobre activos | -20.48% |
| Margen bruto | -471.15% |
| Margen operativo | -2115.41% |
| Margen neto | -2355.50% |
Salud financiera
| Deuda / Patrimonio | 0.06 |
| Ratio corriente | 6.59 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 0.25 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -18.33 | 35.00 | -24.06 | 2.67 | 264.71 | -17.62 | -17.72 | -11.74 | 9.23 | -0.36 |
| P/VC | 4.97 | 4.29 | 3.81 | 1.68 | 2.36 | 1.79 | 1.65 | 1.68 | 1.20 | 0.13 |
| P/V | 199.42 | 1415.15 | 64.16 | 129.30 | 189.60 | 106.26 | 426.98 | 233.82 | 103.10 | 8.60 |
| Margen Bruto | 64.6% | -10828.5% | -372.8% | -888.1% | 100.0% | -1007.0% | -6546.2% | -48.1% | 26.0% | 100.0% |
| Margen Operativo | -1668.4% | -17756.9% | -635.4% | -1558.5% | -1433.1% | -1506.0% | -9464.4% | -4390.4% | -2818.9% | -2114.7% |
| Margen Neto | -1101.2% | 4749.1% | -266.7% | 4847.4% | 71.8% | -606.9% | -2409.3% | -1972.9% | 1108.3% | -2355.4% |