Estados financieros detallados de Quanterix Corporation (QTRX): 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
Quanterix Corporation registró ingresos de $138.7M en el último ejercicio fiscal, con un CAGR de 5 años del 9.9%.
Márgenes de los últimos 12 meses: margen bruto 42.6%, margen operativo -86.2%, margen neto -80.3%.
Al precio actual de $2.91, QTRX presenta beneficios negativos (P/E no significativo) y un ROE del -43.59%. La capitalización bursátil es de $137M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $17.6M | $22.9M | $37.6M | $56.7M | $86.4M | $110.6M | $105.5M | $121.1M | $135.4M | $138.7M |
| Coste de Ventas | $9.8M | $12.9M | $19.6M | $29.9M | $38.2M | $45.8M | $60.2M | $48.1M | $54.3M | $73.9M |
| Beneficio Bruto | $7.7M | $10.0M | $18.0M | $26.8M | $48.2M | $64.8M | $45.4M | $73.0M | $81.1M | $64.7M |
| I+D | $17.0M | $16.3M | $15.3M | $16.2M | $20.2M | $28.4M | $26.8M | $26.1M | $31.1M | $35.9M |
| Generales y Administrativos | $12.5M | $19.7M | $33.8M | $52.2M | $59.6M | $92.9M | $91.9M | $92.8M | $104.6M | $138.9M |
| Gastos Operativos | $29.5M | $36.0M | $49.1M | $68.4M | $79.8M | $121.3M | $149.6M | $119.0M | $133.7M | $174.5M |
| Beneficio Operativo | -$21.7M | -$26.0M | -$31.6M | -$41.6M | -$31.6M | -$56.5M | -$104.3M | -$46.0M | -$52.6M | -$109.8M |
| EBITDA | -$21.4M | -$25.6M | -$30.2M | -$38.6M | -$27.3M | -$50.3M | -$67.9M | -$36.4M | -$29.7M | -$93.3M |
| Gastos por Intereses | $1.3M | $952000 | 0 | 0 | $273000 | $403000 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$23.2M | -$27.0M | -$31.0M | -$41.0M | -$31.9M | -$55.6M | -$99.4M | -$27.6M | -$38.1M | -$112.3M |
| Impuestos | 0 | 0 | $25000 | -$187000 | -$376000 | -$36000 | $164000 | $719000 | $434000 | -$5.1M |
| Beneficio Neto | -$23.2M | -$27.0M | -$31.0M | -$40.8M | -$31.5M | -$55.5M | -$99.6M | -$28.4M | -$38.5M | -$107.2M |
| BPA | $-1.43 | $-1.24 | $-1.41 | $-1.63 | $-1.07 | $-1.60 | $-2.61 | $-0.86 | $-1.00 | $-2.51 |
| BPA Diluido | $-1.43 | $-1.24 | $-1.39 | $-1.63 | $-1.07 | $-1.60 | $-2.61 | $-0.86 | $-1.00 | $-2.51 |
| Acciones en Circulación (Diluidas) | $16.2M | $21.7M | $22.4M | $25.1M | $29.6M | $36.0M | $37.0M | $37.6M | $38.4M | $42.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $40.1M | $43.9M | $36.4M | $32.9M |
| Beneficio Bruto | $17.1M | $20.0M | $15.6M | $12.7M |
| Beneficio Operativo | -$37.3M | -$23.9M | -$21.5M | -$49.4M |
| EBITDA | -$31.4M | -$15.5M | -$11.1M | -$49.0M |
| Beneficio Neto | -$33.5M | -$23.1M | -$17.5M | -$48.9M |
| BPA | $-0.73 | $-0.49 | $-0.37 | $-1.04 |
| BPA Diluido | $-0.73 | $-0.49 | $-0.37 | $-1.04 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $29.7M | $79.7M | $45.4M | $109.2M | $181.6M | $396.5M | $338.7M | $174.4M | $56.7M | $29.8M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $146.9M | $232.4M | $88.4M |
| Cuentas por Cobrar | $3.9M | $5.6M | $6.8M | $10.9M | $17.2M | $23.8M | $19.0M | $25.4M | $32.1M | $30.0M |
| Inventario | $1.5M | $3.6M | $6.0M | $10.5M | $14.9M | $22.2M | $17.0M | $26.1M | $32.8M | $54.8M |
| Activos Corrientes | $35.2M | $89.3M | $60.5M | $132.7M | $219.6M | $449.0M | $381.5M | $382.1M | $363.6M | $212.3M |
| Inmovilizado Material | $1.2M | $1.9M | $2.9M | $12.0M | $25.9M | $29.5M | $41.0M | $36.2M | $33.5M | $40.3M |
| Fondo de Comercio | 0 | 0 | $1.3M | $9.4M | $10.5M | $9.6M | 0 | 0 | 0 | $26.4M |
| Activos Intangibles | 0 | 0 | $2.3M | $14.3M | $13.7M | $10.5M | $7.5M | $6.0M | $4.0M | $131.8M |
| Activos Totales | $37.1M | $91.8M | $67.6M | $170.0M | $271.0M | $506.5M | $433.6M | $428.6M | $406.5M | $418.8M |
| Cuentas por Pagar | $2.5M | $3.6M | $5.1M | $5.8M | $6.8M | $9.2M | $3.8M | $5.0M | $7.0M | $13.6M |
| Deuda a Corto | $899000 | $5.0M | 0 | $75000 | $7.7M | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $11.0M | $19.7M | $17.7M | $19.8M | $39.8M | $37.0M | $31.3M | $39.0M | $42.0M | $74.8M |
| Deuda a Largo | $9.3M | $4.3M | $7.6M | $7.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $23.6M | $25.9M | $26.1M | $41.3M | $64.9M | $65.6M | $75.7M | $78.6M | $76.5M | $123.0M |
| Reservas | -$115.1M | -$144.4M | -$175.9M | -$216.2M | -$247.8M | -$305.5M | -$403.2M | -$431.6M | -$470.1M | -$577.2M |
| Patrimonio Neto | $13.5M | $65.9M | $41.6M | $128.7M | $206.1M | $441.0M | $357.9M | $350.0M | $330.0M | $295.7M |
| Deuda Total | $10.2M | $9.4M | $7.6M | $7.7M | $30.8M | $21.9M | $44.1M | $41.5M | $37.4M | $37.2M |
| Deuda Neta | -$19.4M | -$70.3M | -$37.8M | -$101.5M | -$150.8M | -$374.6M | -$294.6M | -$279.9M | -$251.8M | -$81.0M |
| Capital Circulante | $24.3M | $69.5M | $42.9M | $112.8M | $179.8M | $412.0M | $350.2M | $343.1M | $321.6M | $137.5M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $38.3M | $29.8M | $36.2M | $44.2M |
| Activos Totales | $444.1M | $418.8M | $366.7M | $319.6M |
| Pasivos Totales | $129.6M | $123.0M | $84.5M | $82.4M |
| Patrimonio Neto | $314.5M | $295.7M | $282.1M | $237.2M |
| Deuda Total | $40.1M | $37.2M | $35.3M | $33.4M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$23.2M | -$27.0M | -$31.5M | -$40.8M | -$31.5M | -$57.7M | -$96.7M | -$32.3M | -$38.5M | -$107.2M |
| Amortizaciones | $444000 | $482000 | $1.4M | $3.0M | $4.3M | $4.9M | $5.3M | $8.4M | $8.4M | $18.9M |
| Compensación en Acciones | $928000 | $2.2M | $4.9M | $6.4M | $10.1M | $16.0M | $15.4M | $16.8M | $20.0M | $20.7M |
| Cambio en Capital Circulante | $1.3M | $1.9M | -$3.6M | $4.4M | -$7.5M | -$12.2M | $2.1M | -$11.8M | -$18.8M | -$2.4M |
| Flujo de Caja Operativo | -$17.7M | -$22.1M | -$28.7M | -$26.2M | -$23.4M | -$47.9M | -$48.3M | -$18.9M | -$35.2M | -$77.2M |
| Inversiones (CapEx) | -$526000 | -$1.1M | -$1.5M | -$10.8M | -$3.9M | -$13.6M | -$11.7M | -$3.8M | -$3.4M | -$2.6M |
| Adquisiciones | -$300000 | 0 | -$3.8M | -$14.5M | 0 | 0 | 0 | 0 | 0 | -$93.2M |
| Recompra de Acciones | 0 | 0 | -$20000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$18.3M | -$23.2M | -$30.2M | -$37.0M | -$27.3M | -$61.5M | -$60.0M | -$22.7M | -$38.5M | -$79.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$41.2M | -$16.4M | -$18.1M | $2.6M |
| Inversiones (CapEx) | -$677000 | $98000 | -$87000 | -$96000 |
| Flujo de Caja Libre | -$41.9M | -$16.3M | -$18.2M | $2.5M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | 0 | $4.4M | 0 | $8.7M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +30.1% | +64.5% | +50.8% | +52.2% | +28.0% | -4.6% | +14.8% | +11.8% | +2.4% |
| Crecimiento Beneficio Neto (anual) | | -16.6% | -14.9% | -31.4% | +22.7% | -76.2% | -79.3% | +71.5% | -35.9% | -178.1% |
| Crecimiento BPA (anual) | | +13.3% | -13.7% | -15.6% | +34.4% | -49.5% | -63.1% | +67.0% | -16.3% | -151.0% |
| Cambio en Acciones (anual) | | +33.9% | +3.0% | +12.2% | +17.9% | +21.7% | +2.8% | +1.6% | +2.1% | +11.1% |
| Crecimiento FCF (anual) | | -27.2% | -30.1% | -22.5% | +26.3% | -125.4% | +2.5% | +62.2% | -69.8% | -107.2% |
| Margen Bruto | 44.1% | 43.7% | 47.8% | 47.3% | 55.8% | 58.6% | 43.0% | 60.3% | 59.9% | 46.7% |
| Margen Operativo | -123.5% | -113.7% | -83.8% | -73.3% | -36.6% | -51.1% | -98.8% | -38.0% | -38.8% | -79.2% |
| Margen EBITDA | -121.9% | -111.9% | -80.2% | -68.0% | -31.6% | -45.5% | -64.3% | -30.0% | -22.0% | -67.3% |
| Margen Neto | -131.8% | -118.1% | -82.5% | -71.9% | -36.5% | -50.2% | -94.4% | -23.4% | -28.4% | -77.3% |
| Margen FCF | -103.9% | -101.6% | -80.4% | -65.3% | -31.6% | -55.6% | -56.9% | -18.7% | -28.5% | -57.6% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.1% | 0.5% | 1.2% | 0.1% | -0.2% | -2.6% | -1.1% | 4.6% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-1.13 | $-1.07 | $-1.35 | $-1.48 | $-0.92 | $-1.71 | $-1.62 | $-0.60 | $-1.00 | $-1.87 |
| 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) | $16.2M | $21.7M | $22.0M | $25.1M | $29.6M | $36.0M | $37.0M | $37.6M | $38.4M | $42.6M |
Qué mirar en Salud / Farma
El pipeline de I+D es el activo invisible. Patentes que caducan = ingresos que evaporan. Mira innovación y flujo de caja.
- I+D / Ingresos — Indica inversión en pipeline futuro. Farma seria reinvierte 15-20%
- Crecimiento EPS 5y — Tras caducidad de patentes, ¿siguen creciendo?
- Margen bruto — Farma de marca >70%. Genéricos mucho más bajo — define el tipo de negocio
- FCF / Net Income — Calidad del beneficio — farma grande debería convertir >90%
- ROIC — Capital reinvertido con eficiencia — clave en farma por ciclos de I+D largos
- Deuda neta / EBITDA — Adquisiciones de farma generan mucha deuda — ojo al post-M&A
- P/E vs historial 10y propio — La mejor comparación es con su propia historia, no con competidores
Rentabilidad
| Rentabilidad sobre capital | -43.59% |
| Rentabilidad sobre capital invertido | -46.86% |
| Rentabilidad sobre activos | -38.52% |
| Margen bruto | 42.60% |
| Margen operativo | -86.19% |
| Margen neto | -80.29% |
Salud financiera
| Deuda / Patrimonio | 0.14 |
| Ratio corriente | 3.40 |
| Piotroski F-Score | 2 |
| Altman Z-Score | -0.75 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -12.22 | -17.31 | -12.99 | -14.50 | -43.46 | -26.50 | -5.31 | -31.79 | -10.63 | -2.53 |
| P/VC | 21.01 | 7.08 | 9.69 | 4.61 | 6.68 | 3.46 | 1.43 | 2.94 | 1.24 | 0.92 |
| P/V | 16.10 | 20.37 | 10.70 | 10.45 | 15.93 | 13.81 | 4.86 | 8.48 | 3.01 | 1.96 |
| Margen Bruto | 44.1% | 43.7% | 47.8% | 47.3% | 55.8% | 58.6% | 43.0% | 60.3% | 59.9% | 46.7% |
| Margen Operativo | -123.5% | -113.7% | -83.8% | -73.3% | -36.6% | -51.1% | -98.8% | -38.0% | -38.8% | -79.2% |
| Margen Neto | -131.8% | -118.1% | -82.5% | -71.9% | -36.5% | -50.2% | -94.4% | -23.4% | -28.4% | -77.3% |