Demonstrações financeiras detalhadas de Perfect Corp. (PERF): 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
Perfect Corp. registou receitas de $69.2M no último exercício, com um CAGR de 5 anos de 18.3%.
Margens dos últimos 12 meses: margem bruta 79.7%, margem operacional 4.5%, margem líquida 8.1%.
Ao preço atual de $1.93, PERF negocia a um P/L de 34.58 e um ROE de 3.73%. A capitalização de mercado é de $197M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $542.0M | $468.9M | $11.6M | $22.9M | $29.9M | $40.8M | $47.3M | $53.5M | $60.2M | $69.2M |
| Custo da Receita | $284.3M | $247.5M | $752000 | $1.6M | $4.0M | $5.7M | $7.1M | $10.4M | $13.3M | $15.6M |
| Lucro Bruto | $257.6M | $221.3M | $10.8M | $21.3M | $25.9M | $35.0M | $40.2M | $43.1M | $46.9M | $53.5M |
| P&D | 0 | 0 | $5.9M | $6.1M | $7.6M | $9.8M | $10.5M | $11.5M | $12.0M | $15.4M |
| Despesas Gerais e Administrativas | $249.5M | $222.4M | $13.9M | $16.6M | $21.2M | $30.2M | $100.8M | $37.3M | $36.7M | $37.8M |
| Despesas Operacionais | $261.7M | $238.0M | $19.5M | $22.7M | $28.8M | $40.0M | $111.2M | $48.8M | $50.1M | $53.3M |
| Lucro Operacional | -$4.0M | -$16.7M | -$9.0M | -$1.4M | -$2.8M | -$5.0M | -$71.1M | -$5.7M | -$3.1M | $265000 |
| EBITDA | $7.1M | -$7.7M | -$7.7M | -$1.3M | -$4.7M | -$155.8M | -$160.7M | $6.3M | -$2.0M | $6.8M |
| Despesas com Juros | $7.2M | $7.1M | $3000 | $5000 | $9000 | $9000 | $8000 | $15000 | $7000 | $16000 |
| Lucro Antes de Impostos | -$11.2M | -$23.8M | -$8.7M | -$1.7M | -$5.2M | -$156.4M | -$161.5M | $5.5M | $4.3M | $5.7M |
| Imposto | $451000 | -$199000 | $27000 | $247000 | $385000 | $417000 | $292000 | $115000 | -$735000 | $1.1M |
| Lucro Líquido | -$11.7M | -$23.6M | -$8.7M | -$2.0M | -$5.6M | -$156.9M | -$161.7M | $5.4M | $5.0M | $4.6M |
| LPA | $-0.09 | $-0.19 | $-0.07 | $-0.02 | $-0.05 | $-1.33 | $-1.37 | $0.05 | $0.05 | $0.05 |
| LPA Diluído | $-0.09 | $-0.19 | $-0.07 | $-0.02 | $-0.05 | $-1.33 | $-1.37 | $0.05 | $0.05 | $0.05 |
| Ações em Circulação (Diluídas) | $123.9M | $124.0M | $118.3M | $118.3M | $118.3M | $118.3M | $118.3M | $118.0M | $100.4M | $92.9M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q4 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $18.7M | $18.1M | $17.9M | $16.3M |
| Lucro Bruto | $14.1M | $14.6M | $14.7M | $13.2M |
| Lucro Operacional | $497000 | $1.4M | $1.5M | -$108000 |
| EBITDA | $2.5M | $635000 | $3.1M | $138000 |
| Lucro Líquido | $2.1M | $63000 | $2.4M | $1.3M |
| LPA | $0.02 | $0.00 | $0.02 | $0.01 |
| LPA Diluído | $0.02 | $0.00 | $0.02 | $0.01 |
Balanço (10 anos)
| Ano | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $1.5M | $5.6M | $7.5M | $28.3M | $79.0M | $80.5M | $162.6M | $123.9M | $127.1M | $126.0M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | $7.8M | 0 | 0 | $30.0M | $30.3M | $38.7M | $36.3M |
| Contas a Receber | $27.8M | $29.6M | $25.6M | $6.2M | $5.5M | $6.6M | $11.8M | $10.4M | $9.5M | $8.9M |
| Estoque | $253.4M | $221.3M | $196.7M | $96000 | $88000 | $88000 | $45000 | $33000 | $18000 | $17000 |
| Ativos Circulantes | $296.5M | $266.4M | $240.3M | $43.2M | $84.9M | $87.5M | $209.2M | $168.7M | $177.9M | $173.3M |
| Imobilizado | $24.6M | $25.9M | $16.7M | $772000 | $771000 | $1.0M | $612000 | $1.2M | $1.0M | $1.4M |
| Ágio | $38.8M | $38.8M | $38.8M | 0 | 0 | 0 | 0 | 0 | 0 | $2.8M |
| Ativos Intangíveis | $26.4M | $19.9M | $14.5M | $66000 | $113000 | $100000 | $119000 | $77000 | $32000 | $1.6M |
| Ativos Totais | $386.2M | $351.0M | $310.3M | $44.5M | $86.2M | $88.9M | $210.3M | $170.4M | $181.2M | $192.0M |
| Contas a Pagar | $39.3M | $32.2M | $28.6M | $165000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | $1.1M | $1.2M | $1.2M | 0 | 0 | 0 | 0 | 0 | $402000 | 0 |
| Passivos Circulantes | $68.9M | $66.9M | $59.6M | $9.0M | $13.3M | $19.8M | $24.9M | $28.9M | $32.2M | $37.7M |
| Dívida de Longo Prazo | $2.5M | $1.2M | $28.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $290.9M | $267.1M | $249.9M | $65.7M | $122.0M | $279.3M | $28.3M | $31.0M | $34.2M | $38.9M |
| Reservas | -$117.9M | -$129.6M | -$153.2M | -$53.2M | -$67.2M | -$224.1M | -$385.8M | -$380.5M | -$375.4M | -$370.8M |
| Patrimônio Líquido | $95.3M | $84.0M | $60.4M | -$21.2M | -$35.7M | -$190.4M | $182.0M | $139.4M | $147.0M | $153.1M |
| Dívida Total | $3.6M | $2.5M | $29.9M | $426000 | $340000 | $638000 | $338000 | $868000 | $510000 | $683000 |
| Dívida Líquida | $2.0M | -$3.2M | $22.4M | -$35.7M | -$78.7M | -$79.8M | -$192.3M | -$153.3M | -$165.4M | -$161.6M |
| Capital de Giro | $227.6M | $199.5M | $180.8M | $34.2M | $71.6M | $67.7M | $184.3M | $139.8M | $145.7M | $135.7M |
Balanço (Trimestral)
| Ano | 2025-Q4 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $127.9M | $126.0M | $120.6M | $125.6M |
| Ativos Totais | $194.2M | $192.0M | $194.9M | $194.6M |
| Passivos Totais | $41.2M | $38.9M | $39.3M | $37.7M |
| Patrimônio Líquido | $152.9M | $153.1M | $155.6M | $156.9M |
| Dívida Total | $1.0M | $683000 | $548000 | $644000 |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$11.7M | -$23.6M | -$8.7M | -$1.7M | -$9593 | $10.6M | -$161.7M | $5.4M | $5.0M | $4.6M |
| Depreciação e Amortização | $11.1M | $9.0M | $924000 | $394000 | 0 | 0 | $766000 | $713000 | $798000 | $1.0M |
| Compensação em Ações | 0 | 0 | $254000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Variação Capital de Giro | -$28.1M | -$18.7M | -$322000 | -$1.1M | 0 | $6032 | -$3.2M | $6.3M | $4.0M | $5.8M |
| Fluxo de Caixa Operacional | $38.1M | $19.3M | -$7.8M | -$1.3M | 0 | -$1.1M | -$3.3M | $13.6M | $13.0M | $13.3M |
| CapEx | -$8.5M | -$3.1M | -$123000 | -$236000 | 0 | 0 | -$165000 | -$289000 | -$392000 | -$425000 |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -$6.0M |
| Recompra de Ações | -$5.6M | -$7.5M | 0 | 0 | 0 | 0 | 0 | -$51.1M | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $29.6M | $16.1M | -$7.9M | -$1.5M | 0 | -$1.1M | -$3.5M | $13.3M | $12.6M | $12.9M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q4 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $2.8M | $2.6M | $4.2M | $959885 |
| CapEx | -$252252 | -$9007 | -$56000 | -$38865 |
| Fluxo de Caixa Livre | $2.5M | $2.6M | $4.2M | $921020 |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | 0 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -13.5% | -97.5% | +98.4% | +30.3% | +36.4% | +16.0% | +13.1% | +12.5% | +14.9% |
| Crescimento Lucro Líquido (anual) | | -102.5% | +63.2% | +77.2% | -181.8% | -2704.4% | -3.1% | +103.3% | -7.3% | -7.5% |
| Crescimento LPA (anual) | | -101.7% | +61.3% | +77.1% | -181.5% | -2711.8% | -3.0% | +103.6% | +0.0% | +0.0% |
| Variação de Ações (anual) | | +0.0% | -4.6% | +0.0% | +0.0% | +0.0% | +0.0% | -0.2% | -14.9% | -7.5% |
| Crescimento FCF (anual) | | -45.5% | -148.9% | +81.1% | +100.0% | | -212.9% | +483.0% | -5.1% | +2.1% |
| Margem Bruta | 47.5% | 47.2% | 93.5% | 93.0% | 86.7% | 85.9% | 84.9% | 80.6% | 78.0% | 77.4% |
| Margem Operacional | -0.7% | -3.6% | -78.1% | -6.1% | -9.5% | -12.3% | -150.3% | -10.6% | -5.2% | 0.4% |
| Margem EBITDA | 1.3% | -1.6% | -67.0% | -5.8% | -15.8% | -382.2% | -339.7% | 11.7% | -3.4% | 9.8% |
| Margem Líquida | -2.2% | -5.0% | -75.2% | -8.7% | -18.7% | -384.8% | -342.0% | 10.1% | 8.3% | 6.7% |
| Margem FCF | 5.5% | 3.4% | -68.2% | -6.5% | 0.0% | -2.7% | -7.3% | 24.8% | 20.9% | 18.6% |
| Taxa Efetiva de Imposto | -4.0% | 0.8% | -0.3% | -14.2% | -7.4% | -0.3% | -0.2% | 2.1% | -17.1% | 19.1% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.24 | $0.13 | $-0.07 | $-0.01 | $0.00 | $-0.01 | $-0.03 | $0.11 | $0.13 | $0.14 |
| 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) | $123.9M | $124.0M | $118.3M | $118.3M | $118.3M | $118.3M | $118.3M | $108.3M | $100.4M | $92.9M |
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 | 3.73% |
| Retorno sobre capital investido | 1.66% |
| Retorno sobre ativos | 2.97% |
| Margem bruta | 79.73% |
| Margem operacional | 4.54% |
| Margem líquida | 8.13% |
Saúde financeira
| Dívida / Patrimônio | 0.00 |
| Liquidez corrente | 4.63 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -107.29 | -53.19 | -137.50 | -601.58 | -213.67 | -7.41 | -5.21 | 62.00 | 56.60 | 36.20 |
| P/VP | 14.91 | 20.73 | 0.00 | -56.39 | -33.44 | -6.12 | 4.64 | 2.41 | 1.93 | 1.10 |
| P/V | 2.31 | 2.67 | 103.39 | 52.13 | 40.01 | 28.58 | 17.85 | 6.28 | 4.72 | 2.43 |
| Margem Bruta | 47.5% | 47.2% | 93.5% | 93.0% | 86.7% | 85.9% | 84.9% | 80.6% | 78.0% | 77.4% |
| Margem Operacional | -0.7% | -3.6% | -78.1% | -6.1% | -9.5% | -12.3% | -150.3% | -10.6% | -5.2% | 0.4% |
| Margem Líquida | -2.2% | -5.0% | -75.2% | -8.7% | -18.7% | -384.8% | -342.0% | 10.1% | 8.3% | 6.7% |