Demonstrações financeiras detalhadas de Ekso Bionics Holdings, Inc. (EKSO): 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
Ekso Bionics Holdings, Inc. registou receitas de $12.8M no último exercício, com um CAGR de 5 anos de 7.6%.
Margens dos últimos 12 meses: margem bruta 52.9%, margem operacional -134.1%, margem líquida -135.7%.
Ao preço atual de $15.90, EKSO apresenta lucros negativos (P/L não significativo) e um ROE de -177.40%. A capitalização de mercado é de $39M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $14.2M | $7.4M | $11.3M | $13.9M | $8.9M | $11.2M | $12.9M | $18.3M | $17.9M | $12.8M |
| Custo da Receita | $11.3M | $5.3M | $7.0M | $7.2M | $3.8M | $4.5M | $6.7M | $9.2M | $8.4M | $6.0M |
| Lucro Bruto | $2.9M | $2.1M | $4.3M | $6.8M | $5.1M | $6.7M | $6.2M | $9.1M | $9.5M | $6.8M |
| P&D | $8.9M | $9.5M | $5.8M | $4.6M | $2.5M | $2.7M | $3.6M | $5.0M | $3.9M | $3.0M |
| Despesas Gerais e Administrativas | $21.9M | $23.9M | $25.5M | $18.8M | $15.5M | $17.8M | $18.1M | $19.2M | $16.1M | $17.1M |
| Despesas Operacionais | $30.7M | $33.4M | $31.4M | $23.4M | $17.9M | $20.6M | $21.8M | $24.2M | $20.0M | $20.2M |
| Lucro Operacional | -$27.6M | -$31.6M | -$27.0M | -$16.6M | -$12.9M | -$13.8M | -$15.6M | -$15.1M | -$10.5M | -$13.3M |
| EBITDA | -$21.6M | -$26.7M | -$24.9M | -$11.1M | -$15.1M | -$9.1M | -$14.0M | -$13.2M | -$9.5M | -$9.8M |
| Despesas com Juros | $16000 | $648000 | $600000 | $384000 | $139000 | $113000 | $156000 | $302000 | $269000 | $309000 |
| Lucro Antes de Impostos | -$23.5M | -$29.1M | -$27.0M | -$12.1M | -$15.8M | -$9.8M | -$15.1M | -$15.2M | -$11.3M | -$11.7M |
| Imposto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Lucro Líquido | -$23.5M | -$29.1M | -$27.0M | -$12.1M | -$15.8M | -$9.8M | -$15.1M | -$15.2M | -$11.3M | -$11.7M |
| LPA | $-419.75 | $-184.01 | $-99.19 | $-37.96 | $-33.13 | $-12.01 | $-17.45 | $-16.44 | $-8.43 | $-4.91 |
| LPA Diluído | $-419.75 | $-184.01 | $-99.19 | $-37.96 | $-33.13 | $-13.20 | $-17.45 | $-16.44 | $-8.43 | $-4.91 |
| Ações em Circulação (Diluídas) | $80559 | $158262 | $272128 | $319604 | $477599 | $817933 | $864133 | $924466 | $1.3M | $2.4M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Receita | $2.1M | $4.2M | $3.1M | $2.1M |
| Lucro Bruto | $819000 | $2.5M | $1.7M | $1.1M |
| Lucro Operacional | -$4.0M | -$1.4M | -$4.5M | -$5.6M |
| EBITDA | -$2.3M | -$1.0M | -$3.8M | -$6.3M |
| Lucro Líquido | -$2.7M | -$1.4M | -$4.7M | -$6.9M |
| LPA | $-1.24 | $-0.54 | $-1.57 | $-2.04 |
| LPA Diluído | $-1.24 | $-0.54 | $-1.57 | $-2.04 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $16.8M | $27.8M | $7.7M | $10.9M | $12.9M | $40.4M | $20.5M | $8.6M | $6.5M | $1.2M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $1.8M | $2.8M | $3.7M | $5.2M | $3.4M | $4.7M | $4.6M | $5.6M | $7.2M | $7.3M |
| Estoque | $1.6M | $3.0M | $3.4M | $2.5M | $2.0M | $2.2M | $5.2M | $5.0M | $4.6M | $4.8M |
| Ativos Circulantes | $20.7M | $34.9M | $15.0M | $18.8M | $18.4M | $47.8M | $31.0M | $20.2M | $18.8M | $14.0M |
| Imobilizado | $2.4M | $2.2M | $2.4M | $2.7M | $1.9M | $1.2M | $4.0M | $3.0M | $2.4M | $1.8M |
| Ágio | $189000 | $189000 | $189000 | $189000 | 0 | 0 | $431000 | $431000 | $431000 | $431000 |
| Ativos Intangíveis | $1.0M | $491000 | 0 | 0 | 0 | 0 | $5.2M | $4.9M | $4.6M | $3.5M |
| Ativos Totais | $24.4M | $38.0M | $17.7M | $21.9M | $20.6M | $49.2M | $40.9M | $28.9M | $26.7M | $20.1M |
| Contas a Pagar | $1.9M | $2.4M | $3.2M | $1.9M | $1.5M | $3.1M | $3.2M | $1.8M | $1.6M | $1.4M |
| Dívida de Curto Prazo | 0 | $2.1M | $2.3M | $2.8M | $548000 | $229000 | $2.3M | $1.2M | $1.2M | $3.3M |
| Passivos Circulantes | $6.3M | $9.2M | $10.1M | $7.8M | $5.0M | $6.9M | $9.2M | $8.1M | $7.5M | $8.6M |
| Dívida de Longo Prazo | $6.8M | $4.8M | $2.6M | $407000 | $3.1M | $2.0M | $3.8M | $4.8M | $3.9M | $798000 |
| Passivos Totais | $17.9M | $16.6M | $14.9M | $15.1M | $16.2M | $11.9M | $15.5M | $16.3M | $13.9M | $11.1M |
| Reservas | -$114.9M | -$144.2M | -$171.1M | -$183.3M | -$199.1M | -$208.9M | -$223.9M | -$239.1M | -$250.5M | -$262.4M |
| Patrimônio Líquido | $6.5M | $21.4M | $2.7M | $6.8M | $4.4M | $37.2M | $25.4M | $12.6M | $12.7M | $9.0M |
| Dívida Total | $6.8M | $7.0M | $5.0M | $3.9M | $3.9M | $2.2M | $7.5M | $7.2M | $6.0M | $4.6M |
| Dívida Líquida | -$10.0M | -$20.8M | -$2.7M | -$7.0M | -$9.0M | -$38.2M | -$13.0M | -$1.5M | -$510000 | $3.5M |
| Capital de Giro | $14.4M | $25.8M | $4.8M | $11.0M | $13.4M | $40.9M | $21.8M | $12.1M | $11.3M | $5.4M |
Balanço (Trimestral)
| Ano | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caixa e Equivalentes | $5.2M | $2.7M | $1.2M | $4.0M |
| Ativos Totais | $23.2M | $21.7M | $20.1M | $19.7M |
| Passivos Totais | $12.2M | $12.0M | $11.1M | $13.9M |
| Patrimônio Líquido | $10.9M | $9.7M | $9.0M | $5.7M |
| Dívida Total | $5.4M | $5.0M | $4.6M | $4.3M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$23.5M | -$29.1M | -$27.0M | -$12.1M | -$15.8M | -$9.8M | -$15.1M | -$15.2M | -$11.3M | -$11.7M |
| Depreciação e Amortização | $1.9M | $1.7M | $1.5M | $690000 | $620000 | $561000 | $887000 | $1.7M | $1.6M | $1.6M |
| Compensação em Ações | $3.1M | $2.9M | $3.1M | $2.4M | $2.6M | $2.5M | $2.7M | $2.2M | $1.6M | $1.5M |
| Variação Capital de Giro | -$2.1M | -$3.6M | $530000 | -$2.0M | $1.1M | -$468000 | -$2.6M | -$583000 | -$2.5M | -$2.0M |
| Fluxo de Caixa Operacional | -$25.0M | -$31.2M | -$22.2M | -$15.8M | -$8.8M | -$11.2M | -$14.7M | -$12.1M | -$9.8M | -$11.8M |
| CapEx | -$1.1M | -$456000 | -$131000 | -$60000 | 0 | -$59000 | -$194000 | -$157000 | -$37000 | -$188000 |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | -$5.0M | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | -$10.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$226000 |
| Fluxo de Caixa Livre | -$26.1M | -$31.7M | -$22.3M | -$15.8M | -$8.8M | -$11.2M | -$14.9M | -$12.2M | -$9.9M | -$12.0M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Fluxo de Caixa Operacional | -$3.4M | -$2.1M | -$4.3M | -$2.1M |
| CapEx | -$40000 | $50000 | -$50000 | 0 |
| Fluxo de Caixa Livre | -$3.5M | -$2.0M | -$4.4M | -$2.1M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $207000 | $259000 | $758000 | $114000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -48.3% | +54.1% | +22.8% | -36.2% | +26.6% | +14.8% | +41.6% | -1.9% | -28.6% |
| Crescimento Lucro Líquido (anual) | | -24.1% | +7.3% | +55.1% | -30.4% | +38.3% | -54.4% | -0.8% | +25.5% | -3.2% |
| Crescimento LPA (anual) | | +56.2% | +46.1% | +61.7% | +12.7% | +63.7% | -45.3% | +5.8% | +48.7% | +41.8% |
| Variação de Ações (anual) | | +96.5% | +71.9% | +17.4% | +49.4% | +71.3% | +5.6% | +7.0% | +45.4% | +80.5% |
| Crescimento FCF (anual) | | -21.4% | +29.6% | +29.0% | +44.7% | -28.1% | -32.7% | +17.9% | +19.1% | -21.3% |
| Margem Bruta | 20.7% | 28.1% | 38.0% | 48.6% | 57.1% | 60.0% | 48.1% | 49.7% | 53.1% | 53.5% |
| Margem Operacional | -194.0% | -429.9% | -238.5% | -119.6% | -144.8% | -123.0% | -120.5% | -82.7% | -58.4% | -104.1% |
| Margem EBITDA | -151.9% | -363.7% | -219.7% | -79.5% | -169.6% | -80.8% | -108.7% | -72.2% | -52.7% | -76.7% |
| Margem Líquida | -165.0% | -396.1% | -238.2% | -87.2% | -178.2% | -86.8% | -116.8% | -83.1% | -63.2% | -91.4% |
| Margem FCF | -183.5% | -430.9% | -196.8% | -113.8% | -98.6% | -99.7% | -115.3% | -66.8% | -55.1% | -93.7% |
| Taxa Efetiva de Imposto | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-323.90 | $-200.19 | $-81.93 | $-49.54 | $-18.33 | $-13.71 | $-17.22 | $-13.21 | $-7.35 | $-4.94 |
| Dividendo por Ação | $128.42 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
| Ações em Circulação (Básicas) | $80559 | $158262 | $272128 | $319604 | $477599 | $812866 | $864133 | $924466 | $1.3M | $2.4M |
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 | -177.40% |
| Retorno sobre capital investido | -108.78% |
| Retorno sobre ativos | -79.77% |
| Margem bruta | 52.86% |
| Margem operacional | -134.06% |
| Margem líquida | -135.66% |
Saúde financeira
| Dívida / Patrimônio | 0.75 |
| Liquidez corrente | 1.55 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -2.13 | -2.60 | -2.81 | -2.32 | -2.78 | -3.31 | -1.02 | -2.28 | -1.09 | -1.76 |
| P/VP | 11.05 | 3.55 | 27.83 | 4.14 | 9.90 | 0.87 | 0.61 | 2.75 | 0.97 | 2.32 |
| P/V | 5.07 | 10.32 | 6.70 | 2.02 | 4.94 | 2.87 | 1.19 | 1.90 | 0.69 | 1.64 |
| Margem Bruta | 20.7% | 28.1% | 38.0% | 48.6% | 57.1% | 60.0% | 48.1% | 49.7% | 53.1% | 53.5% |
| Margem Operacional | -194.0% | -429.9% | -238.5% | -119.6% | -144.8% | -123.0% | -120.5% | -82.7% | -58.4% | -104.1% |
| Margem Líquida | -165.0% | -396.1% | -238.2% | -87.2% | -178.2% | -86.8% | -116.8% | -83.1% | -63.2% | -91.4% |