Demonstrações financeiras detalhadas de B.O.S. Better Online Solutions Ltd. (BOSC): 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
B.O.S. Better Online Solutions Ltd. registou receitas de $50.6M no último exercício, com um CAGR de 5 anos de 8.6%.
Margens dos últimos 12 meses: margem bruta 24.1%, margem operacional 6.6%, margem líquida 7.2%. O fluxo de caixa livre cresceu a CAGR de 36.4% em 5 anos.
Ao preço atual de $4.74, BOSC negocia a um P/L de 8.94 e um ROE de 12.69%. A capitalização de mercado é de $33M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $27.4M | $28.9M | $32.6M | $33.8M | $33.6M | $33.6M | $41.5M | $44.2M | $39.9M | $50.6M |
| Custo da Receita | $22.1M | $22.6M | $25.9M | $27.2M | $27.4M | $27.0M | $32.5M | $35.0M | $30.7M | $38.5M |
| Lucro Bruto | $5.3M | $6.3M | $6.7M | $6.7M | $6.1M | $6.6M | $9.1M | $9.2M | $9.3M | $12.1M |
| P&D | 0 | 0 | 0 | 0 | $112000 | $208000 | $166000 | $158000 | $175000 | $178000 |
| Despesas Gerais e Administrativas | $4.6M | $5.3M | $5.5M | $6.3M | $5.7M | $5.9M | $7.0M | $6.7M | $6.5M | $7.8M |
| Despesas Operacionais | $4.6M | $5.3M | $5.5M | $6.3M | $5.8M | $6.1M | $7.2M | $6.8M | $6.7M | $8.0M |
| Lucro Operacional | $706000 | $1.1M | $1.2M | -$631000 | $337000 | $517000 | $1.8M | $2.4M | $2.6M | $4.1M |
| EBITDA | $949000 | $1.3M | $1.4M | -$360000 | -$344000 | $872000 | $1.9M | $2.9M | $2.1M | $4.7M |
| Despesas com Juros | $307000 | $259000 | $192000 | $245000 | $305000 | $202000 | $306000 | $402000 | $197000 | $673000 |
| Lucro Antes de Impostos | $367000 | $789000 | $949000 | -$961000 | -$960000 | $412000 | $1.3M | $2.0M | $1.3M | $3.5M |
| Imposto | $7000 | $16000 | -$41000 | -$48000 | 0 | -$39000 | $6000 | $4000 | -$1.0M | -$113000 |
| Lucro Líquido | $360000 | $773000 | $990000 | -$913000 | -$960000 | $451000 | $1.3M | $2.0M | $2.3M | $3.6M |
| LPA | $0.14 | $0.24 | $0.28 | $-0.23 | $-0.22 | $0.09 | $0.23 | $0.35 | $0.40 | $0.59 |
| LPA Diluído | $0.14 | $0.24 | $0.28 | $-0.23 | $-0.22 | $0.08 | $0.23 | $0.34 | $0.39 | $0.57 |
| Ações em Circulação (Diluídas) | $2.6M | $3.2M | $3.5M | $4.1M | $4.3M | $5.4M | $5.6M | $5.9M | $5.9M | $6.3M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $11.4M | $12.6M | $11.4M | $14.9M |
| Lucro Bruto | $2.8M | $3.0M | $2.8M | $3.4M |
| Lucro Operacional | $784000 | $812000 | $665000 | $1.1M |
| EBITDA | $909000 | $1.0M | $1.0M | $1.3M |
| Lucro Líquido | $677000 | $819000 | $765000 | $1.4M |
| LPA | $0.10 | $0.13 | $0.11 | $0.19 |
| LPA Diluído | $0.10 | $0.13 | $0.11 | $0.19 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $1.3M | $1.5M | $1.4M | $339000 | $1.0M | $1.9M | $1.8M | $2.3M | $3.4M | $11.8M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $8.2M | $9.9M | $8.8M | $10.3M | $9.4M | $9.4M | $11.1M | $12.6M | $12.0M | $16.2M |
| Estoque | $2.3M | $3.2M | $2.9M | $5.4M | $4.9M | $5.6M | $6.4M | $6.1M | $7.9M | $6.5M |
| Ativos Circulantes | $12.7M | $15.7M | $14.1M | $17.3M | $16.5M | $17.9M | $20.6M | $22.0M | $24.4M | $35.5M |
| Imobilizado | $514000 | $651000 | $1.1M | $2.0M | $1.7M | $2.0M | $4.4M | $4.3M | $4.2M | $4.4M |
| Ágio | $4.7M | $4.7M | $4.7M | $5.1M | $4.7M | $4.7M | $4.9M | $4.9M | $4.2M | $3.0M |
| Ativos Intangíveis | $195000 | $138000 | $81000 | $598000 | $40000 | $20000 | $486000 | $1.1M | $422000 | $361000 |
| Ativos Totais | $18.1M | $21.4M | $20.1M | $25.2M | $23.0M | $24.8M | $30.6M | $32.5M | $34.3M | $44.6M |
| Contas a Pagar | $4.6M | $6.0M | $4.1M | $6.5M | $5.5M | $5.2M | $8.0M | $7.7M | $6.4M | $6.8M |
| Dívida de Curto Prazo | $400000 | $505000 | $467000 | $664000 | $815000 | $740000 | $586000 | $170000 | $439000 | $775000 |
| Passivos Circulantes | $6.6M | $8.4M | $6.4M | $10.0M | $8.9M | $8.8M | $11.2M | $10.9M | $10.7M | $13.2M |
| Dívida de Longo Prazo | $2.7M | $2.5M | $1.9M | $2.0M | $1.2M | $681000 | $1.3M | $1.1M | $980000 | $972000 |
| Passivos Totais | $9.6M | $11.2M | $8.6M | $12.6M | $11.2M | $10.4M | $14.0M | $13.6M | $13.0M | $15.9M |
| Reservas | -$70.6M | -$69.8M | -$68.8M | -$69.8M | -$70.7M | -$70.3M | -$69.1M | -$67.1M | -$64.8M | -$61.2M |
| Patrimônio Líquido | $8.6M | $10.2M | $11.5M | $12.6M | $11.9M | $14.3M | $16.6M | $18.8M | $21.3M | $28.7M |
| Dívida Total | $3.1M | $3.0M | $2.3M | $3.5M | $3.0M | $2.5M | $3.0M | $2.3M | $2.2M | $2.8M |
| Dívida Líquida | $1.8M | $1.5M | $924000 | $3.2M | $1.9M | $649000 | $1.2M | -$30000 | -$1.2M | -$9.1M |
| Capital de Giro | $6.1M | $7.3M | $7.6M | $7.3M | $7.6M | $9.1M | $9.4M | $11.1M | $13.7M | $22.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $7.3M | $11.8M | $10.7M | $10.5M |
| Ativos Totais | $38.4M | $44.6M | $44.4M | $47.5M |
| Passivos Totais | $13.2M | $15.9M | $14.9M | $16.7M |
| Patrimônio Líquido | $25.2M | $28.7M | $29.5M | $30.9M |
| Dívida Total | $2.0M | $2.8M | $2.0M | $2.1M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $360000 | $773000 | $990000 | -$913000 | -$960000 | $451000 | $1.3M | $2.0M | $2.3M | $3.6M |
| Depreciação e Amortização | $248000 | $245000 | $289000 | $1.3M | $310000 | $258000 | $361000 | $511000 | $560000 | $481000 |
| Compensação em Ações | $124000 | $60000 | $67000 | $81000 | $65000 | $67000 | $97000 | $98000 | $74000 | $144000 |
| Variação Capital de Giro | -$1.0M | -$1.0M | -$393000 | -$1.6M | $480000 | -$722000 | -$364000 | -$801000 | -$2.8M | -$794000 |
| Fluxo de Caixa Operacional | -$361000 | $355000 | $743000 | -$915000 | $1.1M | $9000 | $1.3M | $1.8M | $1.3M | $5.0M |
| CapEx | -$139000 | -$368000 | -$689000 | -$335000 | -$84000 | -$379000 | -$2.4M | -$341000 | -$519000 | -$452000 |
| Aquisições | -$154000 | $53000 | 0 | -$1.9M | $98000 | 0 | -$664000 | -$431000 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$500000 | -$13000 | $54000 | -$1.2M | $974000 | -$370000 | -$1.1M | $1.5M | $775000 | $4.6M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | 0 | $5.0M | 0 | 0 |
| CapEx | 0 | -$452000 | 0 | 0 |
| Fluxo de Caixa Livre | 0 | $4.6M | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $11000 | $114000 | $6000 | $17000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +5.5% | +12.9% | +3.6% | -0.8% | +0.2% | +23.4% | +6.4% | -9.6% | +26.6% |
| Crescimento Lucro Líquido (anual) | | +114.7% | +28.1% | -192.2% | -5.1% | +147.0% | +182.9% | +57.1% | +14.7% | +57.0% |
| Crescimento LPA (anual) | | +71.4% | +16.7% | -182.1% | +4.3% | +139.3% | +165.9% | +52.2% | +14.3% | +47.5% |
| Variação de Ações (anual) | | +22.3% | +10.4% | +15.8% | +6.0% | +26.2% | +3.0% | +5.7% | -0.3% | +7.2% |
| Crescimento FCF (anual) | | +97.4% | +515.4% | -2414.8% | +177.9% | -138.0% | -209.2% | +230.1% | -47.9% | +492.8% |
| Margem Bruta | 19.4% | 21.9% | 20.7% | 19.7% | 18.2% | 19.6% | 21.8% | 20.8% | 23.3% | 23.9% |
| Margem Operacional | 2.6% | 3.8% | 3.7% | -1.9% | 1.0% | 1.5% | 4.5% | 5.4% | 6.5% | 8.1% |
| Margem EBITDA | 3.5% | 4.5% | 4.4% | -1.1% | -1.0% | 2.6% | 4.7% | 6.6% | 5.1% | 9.2% |
| Margem Líquida | 1.3% | 2.7% | 3.0% | -2.7% | -2.9% | 1.3% | 3.1% | 4.5% | 5.8% | 7.1% |
| Margem FCF | -1.8% | -0.0% | 0.2% | -3.7% | 2.9% | -1.1% | -2.8% | 3.4% | 1.9% | 9.1% |
| Taxa Efetiva de Imposto | 1.9% | 2.0% | -4.3% | 5.0% | -0.0% | -9.5% | 0.5% | 0.2% | -76.9% | -3.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-0.19 | $-0.00 | $0.02 | $-0.31 | $0.23 | $-0.07 | $-0.20 | $0.25 | $0.13 | $0.73 |
| 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) | $2.6M | $3.2M | $3.5M | $4.1M | $4.3M | $5.2M | $5.5M | $5.7M | $5.8M | $6.2M |
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 | 12.69% |
| Retorno sobre capital investido | 9.78% |
| Retorno sobre ativos | 7.63% |
| Margem bruta | 24.07% |
| Margem operacional | 6.63% |
| Margem líquida | 7.21% |
Saúde financeira
| Dívida / Patrimônio | 0.07 |
| Liquidez corrente | 2.73 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 15.14 | 9.25 | 7.75 | -8.65 | -10.32 | 33.93 | 9.08 | 7.54 | 8.25 | 7.73 |
| P/VP | 0.64 | 0.69 | 0.66 | 0.64 | 0.82 | 1.07 | 0.70 | 0.80 | 0.89 | 0.98 |
| P/V | 0.20 | 0.24 | 0.23 | 0.24 | 0.29 | 0.45 | 0.28 | 0.34 | 0.48 | 0.56 |
| Margem Bruta | 19.4% | 21.9% | 20.7% | 19.7% | 18.2% | 19.6% | 21.8% | 20.8% | 23.3% | 23.9% |
| Margem Operacional | 2.6% | 3.8% | 3.7% | -1.9% | 1.0% | 1.5% | 4.5% | 5.4% | 6.5% | 8.1% |
| Margem Líquida | 1.3% | 2.7% | 3.0% | -2.7% | -2.9% | 1.3% | 3.1% | 4.5% | 5.8% | 7.1% |