Demonstrações financeiras detalhadas de Pixelworks, Inc. (PXLW): 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
Pixelworks, Inc. registou receitas de $693000 no último exercício, com um CAGR de 5 anos de -55.8%.
Margens dos últimos 12 meses: margem bruta 44.9%, margem operacional 23.1%, margem líquida -493.3%.
Ao preço atual de $6.68, PXLW negocia a um P/L de 0.62 e um ROE de 434.73%. A capitalização de mercado é de $43M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $53.4M | $80.6M | $76.6M | $68.8M | $40.9M | $55.1M | $70.1M | $59.7M | $43.2M | $693000 |
| Custo da Receita | $28.3M | $38.9M | $37.1M | $34.3M | $20.7M | $27.4M | $34.3M | $34.0M | $20.9M | $2.6M |
| Lucro Bruto | $25.1M | $41.8M | $39.5M | $34.5M | $20.2M | $27.7M | $35.9M | $25.7M | $22.3M | -$1.9M |
| P&D | $19.0M | $21.4M | $22.9M | $26.0M | $25.0M | $27.2M | $30.5M | $30.9M | $31.3M | $3.7M |
| Despesas Gerais e Administrativas | $13.8M | $17.8M | $19.5M | $20.9M | $19.8M | $20.4M | 0 | $23.5M | $20.7M | $7.4M |
| Despesas Operacionais | $32.8M | $39.4M | $42.8M | $47.2M | $46.9M | $47.7M | $52.7M | $54.3M | $53.6M | $9.5M |
| Lucro Operacional | -$10.3M | -$2.0M | -$4.8M | -$12.7M | -$26.7M | -$20.0M | -$16.8M | -$28.6M | -$31.4M | -$11.5M |
| EBITDA | -$6.9M | $1.5M | $2.1M | -$3.1M | -$20.5M | -$16.0M | -$12.8M | -$22.3M | -$25.2M | -$5.8M |
| Despesas com Juros | $406000 | $1.1M | $438000 | $158000 | $239000 | 0 | $50000 | $25000 | $69000 | 0 |
| Lucro Antes de Impostos | -$10.8M | -$3.7M | -$4.2M | -$8.6M | -$25.9M | -$19.5M | -$16.1M | -$26.6M | -$29.1M | -$8.4M |
| Imposto | $355000 | $493000 | $448000 | $453000 | $598000 | -$133000 | -$884000 | $357000 | $478000 | -$184000 |
| Lucro Líquido | -$11.1M | -$4.2M | -$4.6M | -$9.1M | -$26.5M | -$19.8M | -$16.0M | -$26.2M | -$28.7M | -$22.5M |
| LPA | $-0.39 | $-0.13 | $-0.11 | $-0.24 | $-0.65 | $-4.53 | $-3.54 | $-5.59 | $-5.90 | $-4.08 |
| LPA Diluído | $-0.39 | $-0.13 | $-0.11 | $-0.24 | $-0.65 | $-4.53 | $-3.54 | $-5.59 | $-5.90 | $-4.08 |
| Ações em Circulação (Diluídas) | $2.4M | $2.6M | $3.0M | $3.2M | $3.4M | $4.5M | $4.6M | $4.7M | $4.9M | $5.5M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $8.8M | -$23.4M | $446000 | $64000 |
| Lucro Bruto | $4.4M | -$11.0M | $253000 | $39000 |
| Lucro Operacional | -$5.2M | $8.2M | -$2.9M | -$3.4M |
| EBITDA | -$4.4M | $9.5M | -$4.5M | -$2.7M |
| Lucro Líquido | -$4.4M | -$3.6M | $80.6M | -$2.8M |
| LPA | $-0.81 | $-0.65 | $12.69 | $-0.44 |
| LPA Diluído | $-0.81 | $-0.65 | $12.46 | $-0.44 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $19.6M | $27.5M | $17.9M | $7.3M | $31.3M | $61.6M | $56.8M | $47.5M | $23.6M | $11.2M |
| Investimentos de Curto Prazo | 0 | 0 | $6.1M | $7.0M | $250000 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $3.1M | $4.6M | $7.0M | $10.9M | $4.7M | $8.7M | $10.0M | $10.1M | $5.8M | 0 |
| Estoque | $2.8M | $2.8M | $3.0M | $5.4M | $2.4M | $1.5M | $1.8M | $4.0M | $4.2M | 0 |
| Ativos Circulantes | $26.3M | $36.3M | $35.4M | $32.2M | $39.6M | $74.5M | $72.4M | $64.7M | $34.9M | $50.2M |
| Imobilizado | $3.8M | $5.6M | $6.2M | $10.0M | $11.7M | $10.4M | $8.0M | $10.7M | $9.9M | $909000 |
| Ágio | 0 | $18.4M | $18.4M | $18.4M | $18.4M | $18.4M | $18.4M | $18.4M | $18.4M | 0 |
| Ativos Intangíveis | 0 | $5.9M | $4.2M | $2.7M | $1.2M | $90000 | 0 | 0 | 0 | 0 |
| Ativos Totais | $30.9M | $67.5M | $65.3M | $64.7M | $72.0M | $106.6M | $102.3M | $96.0M | $64.1M | $51.3M |
| Contas a Pagar | $1.7M | $1.4M | $2.1M | $818000 | $995000 | $2.7M | $3.1M | $2.4M | $1.4M | 0 |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | $3.3M | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $9.7M | $18.3M | $17.2M | $9.7M | $10.6M | $16.4M | $12.5M | $12.3M | $8.3M | $20.0M |
| Dívida de Longo Prazo | 0 | $6.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $11.8M | $28.1M | $20.5M | $17.1M | $19.2M | $35.5M | $30.1M | $31.0M | $24.2M | $20.9M |
| Reservas | -$375.3M | -$379.5M | -$384.1M | -$388.6M | -$415.1M | -$435.0M | -$451.0M | -$477.2M | -$505.9M | -$528.4M |
| Patrimônio Líquido | $19.0M | $39.4M | $44.8M | $47.5M | $52.9M | $40.2M | $32.4M | $12.5M | -$10.6M | -$21.1M |
| Dívida Total | 0 | $6.1M | $1.8M | $5.8M | $10.5M | $5.3M | $3.5M | $4.9M | $3.5M | $739000 |
| Dívida Líquida | -$19.6M | -$21.5M | -$22.3M | -$8.5M | -$21.1M | -$56.3M | -$53.3M | -$42.6M | -$20.2M | -$10.5M |
| Capital de Giro | $16.5M | $18.1M | $18.2M | $22.6M | $29.0M | $58.1M | $59.9M | $52.4M | $26.5M | $30.2M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $14.6M | $11.2M | $57.8M | $52.9M |
| Ativos Totais | $50.5M | $51.3M | $60.0M | $54.1M |
| Passivos Totais | $23.6M | $20.9M | $2.8M | $2.1M |
| Patrimônio Líquido | -$23.9M | -$21.1M | $57.2M | $52.0M |
| Dívida Total | $3.5M | $739000 | $568000 | $450000 |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$11.1M | -$4.2M | -$4.6M | -$9.1M | -$26.5M | -$19.4M | -$15.2M | -$26.2M | -$29.5M | -$23.3M |
| Depreciação e Amortização | $3.5M | $4.2M | $5.2M | $5.3M | $5.2M | $4.8M | $4.7M | $4.3M | $3.8M | $2.6M |
| Compensação em Ações | $2.7M | $4.2M | $5.7M | $6.6M | $7.9M | $6.1M | $5.2M | $4.8M | $4.0M | $2.9M |
| Variação Capital de Giro | $1.8M | $5.1M | -$4.4M | -$9.2M | $10.6M | $165000 | -$5.8M | -$1.3M | $2.0M | $415000 |
| Fluxo de Caixa Operacional | -$1.5M | $12.2M | $955000 | -$10.4M | -$3.7M | -$9.2M | -$12.8M | -$18.8M | -$19.8M | -$20.6M |
| CapEx | -$2.1M | -$2.5M | -$2.1M | -$3.1M | -$2.8M | -$3.5M | -$3.0M | -$3.8M | -$3.8M | -$448000 |
| Aquisições | 0 | $1.9M | 0 | $521000 | 0 | 0 | $10.7M | 0 | 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 | -$3.7M | $9.7M | -$1.1M | -$13.5M | -$6.5M | -$12.6M | -$15.8M | -$22.6M | -$23.6M | -$21.1M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | -$2.9M | -$6.5M | -$4.6M | -$1.7M |
| CapEx | -$163000 | -$45000 | -$105000 | -$29000 |
| Fluxo de Caixa Livre | -$3.0M | -$6.5M | -$4.7M | -$1.7M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $755000 | $659000 | $355000 | $742000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +51.0% | -5.1% | -10.2% | -40.6% | +34.9% | +27.3% | -14.9% | -27.6% | -98.4% |
| Crescimento Lucro Líquido (anual) | | +62.4% | -10.7% | -96.4% | -192.3% | +25.3% | +19.1% | -63.3% | -9.7% | +21.7% |
| Crescimento LPA (anual) | | +66.7% | +15.4% | -118.2% | -170.8% | -596.9% | +21.9% | -57.9% | -5.5% | +30.8% |
| Variação de Ações (anual) | | +11.4% | +14.1% | +5.3% | +7.6% | +31.4% | +3.5% | +1.5% | +4.0% | +13.3% |
| Crescimento FCF (anual) | | +364.1% | -111.7% | -1085.8% | +52.0% | -94.3% | -25.4% | -43.0% | -4.1% | +10.7% |
| Margem Bruta | 47.0% | 51.8% | 51.6% | 50.2% | 49.4% | 50.3% | 51.2% | 43.1% | 51.6% | -278.4% |
| Margem Operacional | -19.4% | -2.5% | -6.3% | -18.5% | -65.4% | -36.3% | -24.0% | -48.0% | -72.6% | -1656.3% |
| Margem EBITDA | -12.9% | 1.9% | 2.8% | -4.5% | -50.1% | -29.0% | -18.3% | -37.3% | -58.4% | -842.3% |
| Margem Líquida | -20.8% | -5.2% | -6.0% | -13.2% | -64.9% | -36.0% | -22.9% | -43.9% | -66.5% | -3246.6% |
| Margem FCF | -6.9% | 12.0% | -1.5% | -19.7% | -15.9% | -22.9% | -22.6% | -37.9% | -54.5% | -3038.1% |
| Taxa Efetiva de Imposto | -3.3% | -13.4% | -10.7% | -5.3% | -2.3% | 0.7% | 5.5% | -1.3% | -1.6% | 2.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-1.56 | $3.70 | $-0.38 | $-4.29 | $-1.92 | $-2.83 | $-3.43 | $-4.84 | $-4.84 | $-3.82 |
| 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) | $2.4M | $2.6M | $3.0M | $3.2M | $3.4M | $4.5M | $4.6M | $4.7M | $4.9M | $5.5M |
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 | 434.73% |
| Retorno sobre capital investido | 376.11% |
| Retorno sobre ativos | 128.92% |
| Margem bruta | 44.90% |
| Margem operacional | 23.15% |
| Margem líquida | -493.30% |
Saúde financeira
| Dívida / Patrimônio | 0.01 |
| Liquidez corrente | 35.56 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -86.15 | -584.31 | -316.36 | -196.00 | -52.06 | -11.66 | -6.00 | -2.81 | -1.48 | -1.56 |
| P/VP | 4.16 | 5.06 | 2.33 | 3.12 | 2.17 | 5.85 | 3.01 | 5.87 | -4.03 | -1.66 |
| P/V | 1.48 | 2.47 | 1.36 | 2.16 | 2.81 | 4.27 | 1.39 | 1.23 | 0.99 | 50.59 |
| Margem Bruta | 47.0% | 51.8% | 51.6% | 50.2% | 49.4% | 50.3% | 51.2% | 43.1% | 51.6% | -278.4% |
| Margem Operacional | -19.4% | -2.5% | -6.3% | -18.5% | -65.4% | -36.3% | -24.0% | -48.0% | -72.6% | -1656.3% |
| Margem Líquida | -20.8% | -5.2% | -6.0% | -13.2% | -64.9% | -36.0% | -22.9% | -43.9% | -66.5% | -3246.6% |