Estados financieros detallados de Senseonics Holdings, Inc. (SENS): 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
Senseonics Holdings, Inc. registró ingresos de $35.3M en el último ejercicio fiscal, con un CAGR de 5 años del 48.1%.
Márgenes de los últimos 12 meses: margen bruto 54.9%, margen operativo -223.2%, margen neto -225.3%.
Al precio actual de $9.06, SENS presenta beneficios negativos (P/E no significativo) y un ROE del -113.21%. La capitalización bursátil es de $379M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $332000 | $6.4M | $18.9M | $21.3M | $4.9M | $13.7M | $16.4M | $22.4M | $22.5M | $35.3M |
| Coste de Ventas | $660000 | $9.8M | $27.1M | $40.7M | $22.3M | $14.5M | $13.7M | $19.3M | $21.9M | $19.5M |
| Beneficio Bruto | -$328000 | -$3.4M | -$8.1M | -$19.4M | -$17.4M | -$811000 | $2.7M | $3.1M | $533000 | $15.8M |
| I+D | $26.3M | $30.7M | $31.9M | $38.4M | $20.4M | $27.2M | $39.7M | $48.8M | $41.1M | $31.6M |
| Generales y Administrativos | $15.8M | $22.2M | $47.6M | $72.8M | $41.4M | $29.2M | $31.6M | $29.9M | $34.2M | $52.5M |
| Gastos Operativos | $42.1M | $52.9M | $79.4M | $111.2M | $61.8M | $56.4M | $71.4M | $78.7M | $75.4M | $84.1M |
| Beneficio Operativo | -$42.4M | -$56.3M | -$87.6M | -$130.7M | -$79.1M | -$57.2M | -$68.6M | -$75.6M | -$74.8M | -$68.3M |
| EBITDA | -$42.2M | -$55.8M | -$85.4M | -$99.4M | -$157.9M | -$284.5M | $161.8M | -$48.0M | -$68.7M | -$62.6M |
| Gastos por Intereses | $1.6M | $3.1M | $8.3M | $15.1M | $16.2M | $16.7M | $18.7M | $11.1M | $8.4M | $5.0M |
| Beneficio Antes de Impuestos | -$43.9M | -$59.1M | -$94.0M | -$115.5M | -$175.2M | -$302.5M | $142.1M | -$60.4M | -$78.6M | -$69.1M |
| Impuestos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Neto | -$43.9M | -$59.1M | -$94.0M | -$115.5M | -$175.2M | -$302.5M | $142.1M | -$60.4M | -$78.6M | -$69.1M |
| BPA | $-9.80 | $-10.20 | $-12.00 | $-12.20 | $-15.40 | $-14.40 | $6.07 | $-2.20 | $-2.50 | $-1.66 |
| BPA Diluido | $-9.80 | $-10.20 | $-12.00 | $-12.20 | $-15.40 | $-14.40 | $-2.17 | $-2.20 | $-2.50 | $-1.66 |
| Acciones en Circulación (Diluidas) | $4.5M | $5.8M | $7.9M | $9.4M | $11.4M | $21.1M | $30.9M | $28.4M | $31.5M | $41.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $8.1M | $14.3M | $11.7M | $14.5M |
| Beneficio Bruto | $3.5M | $7.7M | $6.9M | $8.6M |
| Beneficio Operativo | -$19.6M | -$20.9M | -$31.8M | -$36.0M |
| EBITDA | -$18.0M | -$19.2M | -$30.6M | -$34.6M |
| Beneficio Neto | -$19.5M | -$20.8M | -$32.3M | -$36.7M |
| BPA | $-0.43 | $-0.50 | $-0.71 | $-0.63 |
| BPA Diluido | $-0.43 | $-0.50 | $-0.71 | $-0.63 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $13.0M | $16.1M | $136.8M | $95.9M | $18.0M | $33.5M | $35.8M | $75.7M | $74.6M | $40.5M |
| Inversiones a Corto | $7.3M | $20.3M | 0 | 0 | 0 | $96.4M | $108.2M | $33.7M | 0 | $53.8M |
| Cuentas por Cobrar | $251000 | $3.4M | $7.1M | $10.5M | $3.0M | $2.4M | $2.8M | $6.6M | $8.1M | $12.4M |
| Inventario | $477000 | $3.0M | $10.2M | $16.9M | $5.3M | $6.3M | $7.3M | $8.8M | $4.4M | $6.7M |
| Activos Corrientes | $21.4M | $44.9M | $158.1M | $127.8M | $30.2M | $144.4M | $161.2M | $130.0M | $91.4M | $117.5M |
| Inmovilizado Material | $735000 | $853000 | $1.8M | $2.0M | $1.6M | $1.3M | $1.1M | $1.2M | $3.6M | $4.2M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $481920 | $800000 |
| Activos Totales | $22.3M | $45.9M | $160.0M | $132.8M | $35.9M | $198.9M | $177.7M | $138.2M | $100.4M | $126.3M |
| Cuentas por Pagar | $3.1M | $7.7M | $4.4M | $4.3M | $1.8M | $1.2M | $419000 | $4.6M | $3.2M | $4.1M |
| Deuda a Corto | $3.9M | $10.0M | $10.0M | $103.8M | $3.2M | $2.9M | $15.6M | 0 | $20.1M | $496000 |
| Pasivos Corrientes | $11.6M | $23.1M | $28.9M | $126.7M | $16.6M | $18.4M | $31.5M | $17.3M | $38.8M | $24.3M |
| Deuda a Largo | $15.2M | $14.4M | $41.0M | $11.8M | $57.2M | $59.8M | $56.4M | $41.2M | $34.7M | $35.6M |
| Pasivos Totales | $27.1M | $38.7M | $88.7M | $141.4M | $180.0M | $384.5M | $180.2M | $102.4M | $117.0M | $65.2M |
| Reservas | -$204.7M | -$263.8M | -$357.8M | -$473.3M | -$648.5M | -$951.0M | -$808.9M | -$869.3M | -$947.9M | -$1.02B |
| Patrimonio Neto | -$4.9M | $7.3M | $71.3M | -$8.6M | -$144.1M | -$185.5M | -$2.6M | $35.8M | -$16.6M | $61.0M |
| Deuda Total | $19.2M | $24.5M | $51.0M | $118.6M | $62.7M | $64.2M | $75.4M | $47.8M | $61.1M | $41.4M |
| Deuda Neta | -$1.1M | -$12.0M | -$85.8M | $22.6M | $44.7M | -$65.7M | -$68.6M | -$61.7M | -$13.5M | -$52.7M |
| Capital Circulante | $9.8M | $21.8M | $129.2M | $1.1M | $13.6M | $126.0M | $129.7M | $112.8M | $52.6M | $93.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $34.8M | $40.5M | $29.9M | $44.8M |
| Activos Totales | $139.9M | $126.3M | $102.9M | $176.8M |
| Pasivos Totales | $61.8M | $65.2M | $68.5M | $86.5M |
| Patrimonio Neto | $78.2M | $61.0M | $34.3M | $90.3M |
| Deuda Total | $41.2M | $41.4M | $43.1M | $61.8M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$43.9M | -$59.1M | -$94.0M | -$115.5M | -$175.2M | -$302.5M | $142.1M | -$60.4M | -$78.6M | -$69.1M |
| Amortizaciones | $155000 | $227000 | $270000 | $1.0M | $1.1M | $1.2M | $985000 | $1.3M | $1.5M | $91000 |
| Compensación en Acciones | $2.4M | $4.0M | $6.4M | $8.1M | $7.3M | $9.0M | $8.6M | $8.7M | $9.2M | $10.2M |
| Cambio en Capital Circulante | $2.7M | -$1.4M | -$6.7M | -$9.5M | $13.8M | -$1.5M | -$2.5M | -$4.0M | $865000 | -$3.3M |
| Flujo de Caja Operativo | -$38.0M | -$55.7M | -$90.8M | -$136.0M | -$67.4M | -$56.1M | -$66.3M | -$70.2M | -$60.5M | -$59.1M |
| Inversiones (CapEx) | -$479000 | -$345000 | -$989000 | -$1.0M | -$181000 | -$210000 | -$312000 | -$350000 | -$2.2M | -$1.1M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | $210000 | -$27.2M | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | -$26000 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$38.5M | -$56.1M | -$91.8M | -$137.1M | -$67.6M | -$56.3M | -$66.6M | -$70.5M | -$62.7M | -$60.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$15.8M | -$18.0M | -$32.0M | -$30.1M |
| Inversiones (CapEx) | -$164000 | -$394000 | -$111000 | -$217000 |
| Flujo de Caja Libre | -$16.0M | -$18.4M | -$32.1M | -$30.4M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $2.8M | $2.6M | $2.3M | $3.6M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +1819.6% | +196.8% | +12.6% | -76.8% | +176.3% | +19.8% | +36.6% | +0.4% | +56.9% |
| Crecimiento Beneficio Neto (anual) | | -34.5% | -59.0% | -23.0% | -51.6% | -72.7% | +147.0% | -142.5% | -30.2% | +12.1% |
| Crecimiento BPA (anual) | | -4.1% | -17.6% | -1.7% | -26.2% | +6.5% | +142.2% | -136.2% | -13.6% | +33.6% |
| Cambio en Acciones (anual) | | +30.0% | +35.7% | +19.9% | +20.7% | +85.3% | +46.4% | -8.1% | +10.9% | +32.5% |
| Crecimiento FCF (anual) | | -45.7% | -63.6% | -49.4% | +50.7% | +16.7% | -18.4% | -5.8% | +11.1% | +3.9% |
| Margen Bruto | -98.8% | -53.1% | -43.1% | -91.3% | -350.9% | -5.9% | 16.6% | 13.8% | 2.4% | 44.7% |
| Margen Operativo | -12781.0% | -883.6% | -463.1% | -613.4% | -1598.9% | -418.1% | -418.7% | -337.7% | -333.0% | -193.8% |
| Margen EBITDA | -12702.7% | -875.2% | -451.6% | -466.7% | -3189.7% | -2080.5% | 987.3% | -214.4% | -305.7% | -177.7% |
| Margen Neto | -13231.9% | -927.4% | -496.9% | -542.5% | -3539.5% | -2211.9% | 867.2% | -269.7% | -349.8% | -196.0% |
| Margen FCF | -11594.9% | -880.0% | -485.2% | -643.6% | -1366.0% | -411.6% | -406.5% | -314.9% | -279.0% | -170.9% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | 0.0% | -0.0% | -0.0% | -0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-8.63 | $-9.67 | $-11.66 | $-14.53 | $-5.93 | $-2.67 | $-2.16 | $-2.48 | $-1.99 | $-1.44 |
| 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) | $4.5M | $5.8M | $7.9M | $9.4M | $11.4M | $21.1M | $23.4M | $28.4M | $31.5M | $41.7M |
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 | -113.21% |
| Rentabilidad sobre capital invertido | -66.72% |
| Rentabilidad sobre activos | -54.73% |
| Margen bruto | 54.87% |
| Margen operativo | -223.22% |
| Margen neto | -225.34% |
Salud financiera
| Deuda / Patrimonio | 0.68 |
| Ratio corriente | 6.74 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -5.45 | -5.22 | -4.32 | -1.50 | -1.13 | -3.71 | 3.39 | -5.18 | -4.19 | -3.33 |
| P/VC | -48.86 | 42.45 | 5.72 | -19.99 | -1.38 | -6.08 | -187.11 | 9.04 | -19.91 | 3.77 |
| P/V | 717.72 | 48.41 | 21.56 | 8.12 | 40.16 | 82.46 | 29.41 | 14.46 | 14.67 | 6.53 |
| Margen Bruto | -98.8% | -53.1% | -43.1% | -91.3% | -350.9% | -5.9% | 16.6% | 13.8% | 2.4% | 44.7% |
| Margen Operativo | -12781.0% | -883.6% | -463.1% | -613.4% | -1598.9% | -418.1% | -418.7% | -337.7% | -333.0% | -193.8% |
| Margen Neto | -13231.9% | -927.4% | -496.9% | -542.5% | -3539.5% | -2211.9% | 867.2% | -269.7% | -349.8% | -196.0% |