Demonstrações financeiras detalhadas de Alarm.com Holdings, Inc. (ALRM): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Alarm.com Holdings, Inc. registou receitas de $1.01B no último exercício, com um CAGR de 5 anos de 10.3%. O lucro líquido atingiu $132.6M, com CAGR de 5 anos de 11.2%.
Margens dos últimos 12 meses: margem bruta 63.4%, margem operacional 13.0%, margem líquida 11.1%. O fluxo de caixa livre cresceu a CAGR de 10.9% em 5 anos.
Ao preço atual de $55.48, ALRM negocia a um P/L de 23.42 e um ROE de 13.87%. A capitalização de mercado é de $2.7B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $261.1M | $338.9M | $420.5M | $502.4M | $618.0M | $749.0M | $842.6M | $881.7M | $939.8M | $1.01B |
| Custo da Receita | $99.4M | $116.2M | $145.7M | $183.6M | $227.4M | $305.9M | $342.6M | $325.2M | $326.1M | $342.3M |
| Lucro Bruto | $161.7M | $222.7M | $274.8M | $318.8M | $390.6M | $443.1M | $500.0M | $556.5M | $613.7M | $668.9M |
| P&D | $44.3M | $72.8M | $89.2M | $114.4M | $152.1M | $177.7M | $218.6M | $245.1M | $255.9M | $270.2M |
| Despesas Gerais e Administrativas | $96.9M | $98.9M | $151.7M | $131.8M | $154.6M | $174.1M | $199.4M | $213.2M | $220.1M | $234.2M |
| Despesas Operacionais | $147.7M | $189.4M | $262.6M | $268.4M | $334.3M | $381.5M | $448.9M | $489.7M | $505.1M | $535.3M |
| Lucro Operacional | $14.1M | $33.4M | $12.2M | $50.4M | $56.3M | $61.6M | $51.0M | $66.8M | $108.5M | $133.6M |
| EBITDA | $21.8M | $53.1M | $37.2M | $92.3M | $111.2M | $102.7M | $102.5M | $145.4M | $196.3M | $230.1M |
| Despesas com Juros | $190000 | $2.2M | $2.9M | $3.0M | $2.6M | $16.0M | $3.1M | $3.4M | $11.4M | $17.3M |
| Lucro Antes de Impostos | $14.4M | $32.2M | $11.7M | $58.9M | $80.2M | $46.1M | $56.6M | $97.8M | $141.8M | $169.2M |
| Imposto | $4.2M | $3.0M | -$9.8M | $5.6M | $3.5M | -$5.1M | $962000 | $17.5M | $19.3M | $37.6M |
| Lucro Líquido | $10.1M | $29.2M | $21.5M | $53.5M | $77.9M | $52.3M | $56.3M | $81.0M | $124.1M | $132.6M |
| LPA | $0.22 | $0.63 | $0.45 | $1.11 | $1.59 | $1.05 | $1.13 | $1.63 | $2.50 | $2.66 |
| LPA Diluído | $0.21 | $0.59 | $0.43 | $1.06 | $1.53 | $1.01 | $1.07 | $1.53 | $2.29 | $2.46 |
| Ações em Circulação (Diluídas) | $47.9M | $49.2M | $49.7M | $50.3M | $51.0M | $51.9M | $54.9M | $54.6M | $58.0M | $58.9M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $256.4M | $261.7M | $265.2M | $277.7M |
| Lucro Bruto | $161.0M | $164.2M | $165.6M | $182.1M |
| Lucro Operacional | $37.4M | $36.4M | $31.7M | $32.5M |
| EBITDA | $62.4M | $60.2M | $45.7M | $43.6M |
| Lucro Líquido | $35.3M | $34.7M | $23.6M | $24.2M |
| LPA | $0.71 | $0.70 | $0.48 | $0.49 |
| LPA Diluído | $0.65 | $0.66 | $0.47 | $0.48 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $140.6M | $96.3M | $146.1M | $119.6M | $253.5M | $710.6M | $622.2M | $697.0M | $1.22B | $962.7M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $29.8M | $40.6M | $49.5M | $76.4M | $83.3M | $105.5M | $124.3M | $130.6M | $126.1M | $141.9M |
| Estoque | $10.5M | $14.2M | $23.0M | $34.2M | $44.3M | $75.3M | $115.6M | $96.1M | $87.4M | $94.4M |
| Ativos Circulantes | $190.2M | $163.9M | $228.1M | $243.7M | $397.4M | $917.6M | $891.1M | $956.8M | $1.48B | $1.27B |
| Imobilizado | $20.2M | $23.5M | $27.8M | $69.1M | $78.3M | $72.2M | $86.1M | $78.4M | $116.6M | $117.4M |
| Ágio | $24.7M | $63.6M | $63.6M | $105.0M | $112.8M | $112.9M | $148.2M | $154.5M | $154.2M | $225.0M |
| Ativos Intangíveis | $4.6M | $94.3M | $79.1M | $103.4M | $103.3M | $91.4M | $82.5M | $78.6M | $63.2M | $99.4M |
| Ativos Totais | $261.2M | $371.6M | $441.0M | $557.8M | $731.7M | $1.23B | $1.33B | $1.44B | $2.04B | $2.17B |
| Contas a Pagar | $18.3M | $17.0M | $20.2M | $32.9M | $38.2M | $64.8M | $53.1M | $39.0M | $65.6M | $22.2M |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $508.4M |
| Passivos Circulantes | $39.7M | $44.5M | $75.3M | $75.8M | $90.2M | $129.3M | $164.9M | $175.3M | $188.8M | $663.1M |
| Dívida de Longo Prazo | $6.7M | $71.0M | $67.0M | $63.0M | $110.0M | $425.3M | $490.4M | $493.5M | $983.5M | $557.2M |
| Passivos Totais | $70.0M | $138.8M | $163.4M | $190.9M | $253.2M | $606.0M | $706.5M | $714.7M | $1.27B | $1.28B |
| Reservas | -$117.9M | -$88.7M | -$64.0M | -$10.5M | $66.6M | $118.8M | $185.1M | $266.2M | $390.3M | $522.9M |
| Patrimônio Líquido | $191.2M | $232.8M | $277.6M | $355.7M | $467.8M | $613.2M | $598.9M | $688.5M | $726.5M | $848.2M |
| Dívida Total | $6.7M | $71.0M | $67.0M | $107.9M | $157.7M | $468.3M | $529.9M | $526.0M | $1.06B | $1.13B |
| Dívida Líquida | -$133.9M | -$25.3M | -$79.1M | -$11.7M | -$95.8M | -$242.4M | -$92.3M | -$171.0M | -$164.0M | $172.7M |
| Capital de Giro | $150.5M | $119.4M | $152.8M | $167.9M | $307.2M | $788.3M | $726.2M | $781.4M | $1.29B | $609.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $1.07B | $962.7M | $497.4M | $479.4M |
| Ativos Totais | $2.12B | $2.17B | $1.64B | $1.66B |
| Passivos Totais | $1.24B | $1.28B | $739.8M | $746.7M |
| Patrimônio Líquido | $827.2M | $848.2M | $859.8M | $864.5M |
| Dívida Total | $1.07B | $1.13B | $566.7M | $567.5M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $10.2M | $29.3M | $21.5M | $53.5M | $76.7M | $51.2M | $55.6M | $80.3M | $122.5M | $131.6M |
| Depreciação e Amortização | $7.3M | $18.7M | $22.6M | $22.8M | $37.3M | $40.6M | $42.7M | $44.1M | $43.1M | $46.2M |
| Compensação em Ações | $4.0M | $7.4M | $13.4M | 0 | $29.2M | $38.7M | $52.7M | $47.3M | $41.2M | $33.2M |
| Variação Capital de Giro | -$1.8M | -$4.2M | $9.4M | -$52.1M | -$18.2M | -$35.5M | -$47.9M | $1.4M | $21.2M | -$101.3M |
| Fluxo de Caixa Operacional | $17.5M | $57.2M | $60.7M | $47.1M | $102.1M | $103.2M | $56.9M | $136.0M | $206.4M | $153.3M |
| CapEx | -$9.1M | -$10.5M | -$11.0M | -$19.3M | -$20.5M | -$15.4M | -$28.6M | -$14.2M | -$10.1M | -$16.3M |
| Aquisições | 0 | -$154.3M | 0 | -$58.8M | -$26.3M | 0 | -$36.9M | -$9.7M | 0 | -$112.9M |
| Recompra de Ações | -$11000 | -$9000 | -$1000 | 0 | -$5.1M | 0 | -$78.8M | -$27.3M | -$75.0M | -$41.6M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $6.8M | $46.7M | $48.6M | $27.8M | $81.6M | $87.7M | $28.3M | $121.8M | $196.3M | $137.0M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $70.6M | $35.9M | $50.6M | $92.5M |
| CapEx | -$5.0M | -$860000 | -$912000 | -$5.8M |
| Fluxo de Caixa Livre | $65.6M | $35.1M | $49.7M | $86.8M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $8.2M | $6.6M | 0 | $15.6M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +29.8% | +24.1% | +19.5% | +23.0% | +21.2% | +12.5% | +4.6% | +6.6% | +7.6% |
| Crescimento Lucro Líquido (anual) | | +188.3% | -26.4% | +148.7% | +45.4% | -32.9% | +7.8% | +43.9% | +53.1% | +6.8% |
| Crescimento LPA (anual) | | +186.4% | -28.6% | +146.7% | +43.2% | -34.0% | +7.6% | +44.2% | +53.4% | +6.4% |
| Variação de Ações (anual) | | +2.7% | +1.1% | +1.2% | +1.4% | +1.9% | +5.8% | -0.6% | +6.2% | +1.6% |
| Crescimento FCF (anual) | | +582.6% | +4.1% | -42.8% | +193.6% | +7.5% | -67.8% | +330.9% | +61.2% | -30.2% |
| Margem Bruta | 61.9% | 65.7% | 65.3% | 63.5% | 63.2% | 59.2% | 59.3% | 63.1% | 65.3% | 66.1% |
| Margem Operacional | 5.4% | 9.8% | 2.9% | 10.0% | 9.1% | 8.2% | 6.1% | 7.6% | 11.5% | 13.2% |
| Margem EBITDA | 8.4% | 15.7% | 8.9% | 18.4% | 18.0% | 13.7% | 12.2% | 16.5% | 20.9% | 22.8% |
| Margem Líquida | 3.9% | 8.6% | 5.1% | 10.7% | 12.6% | 7.0% | 6.7% | 9.2% | 13.2% | 13.1% |
| Margem FCF | 2.6% | 13.8% | 11.6% | 5.5% | 13.2% | 11.7% | 3.4% | 13.8% | 20.9% | 13.6% |
| Taxa Efetiva de Imposto | 29.4% | 9.3% | -84.0% | 9.5% | 4.4% | -11.1% | 1.7% | 17.9% | 13.6% | 22.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.14 | $0.95 | $0.98 | $0.55 | $1.60 | $1.69 | $0.51 | $2.23 | $3.38 | $2.33 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $45.7M | $46.7M | $47.6M | $48.4M | $49.0M | $49.9M | $49.9M | $49.8M | $49.6M | $49.8M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 13.87% |
| Retorno sobre capital investido | 6.95% |
| Retorno sobre ativos | 7.12% |
| Margem bruta | 63.42% |
| Margem operacional | 13.01% |
| Margem líquida | 11.11% |
Saúde financeira
| Dívida / Patrimônio | 0.66 |
| Liquidez corrente | 4.96 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 126.50 | 59.92 | 115.27 | 38.71 | 65.06 | 80.77 | 43.79 | 39.64 | 24.32 | 19.18 |
| P/VP | 6.65 | 7.57 | 8.90 | 5.85 | 10.83 | 6.90 | 4.13 | 4.68 | 4.15 | 3.00 |
| P/V | 4.87 | 5.20 | 5.88 | 4.14 | 8.19 | 5.65 | 2.93 | 3.65 | 3.21 | 2.51 |
| Margem Bruta | 61.9% | 65.7% | 65.3% | 63.5% | 63.2% | 59.2% | 59.3% | 63.1% | 65.3% | 66.1% |
| Margem Operacional | 5.4% | 9.8% | 2.9% | 10.0% | 9.1% | 8.2% | 6.1% | 7.6% | 11.5% | 13.2% |
| Margem Líquida | 3.9% | 8.6% | 5.1% | 10.7% | 12.6% | 7.0% | 6.7% | 9.2% | 13.2% | 13.1% |