SEALSQ Corp
LAES Nasdaq· Semiconductors & Related Devices
KIRA · Stoqly’s AI analyst, in plain words
- SEALSQ Corp had $18.3M of revenue in fiscal 2025, up 66.2% on the year before. Over five years, revenue changed +5.0% a year on average.
- Its operating margin was −218.1%, down 61.5 pts: of every 100 in sales, about −218 is left after running the business.
- SEALSQ Corp lost $34.2M in fiscal 2025.
- Free cash flow was −$32.0M in fiscal 2025, −175.3% of revenue.
- SEALSQ Corp has $426M more cash than debt.
Market cap
—
P/E
—
Revenue
$18.3M
Net income
−$34.2M
Free cash flow
−$32.0M
Operating margin
−218.1%
SEALSQ Corp in 30 seconds · fiscal 2025
Are sales growing?
+66.2%
Yes. Sales grew 66.2% last year.
Does it make a profit?
−187.3%
No. It lost money last year.
Does profit turn into cash?
−175.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
What SEALSQ Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Mar 31, 2026
- Legal name
- SEALSQ Corp
- CIK
- 0001951222
SEALSQ Corp · LAES
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $17.0M | $23.2M | $30.1M | $11.0M | $18.3M |
| Revenue growth | 18.7% | 36.5% | 29.6% | −63.5% | 66.2% |
| Gross margin | 42.1% | 42.2% | 46.7% | 33.9% | 47.3% |
| Operating margin | −29.7% | 11.1% | −13.8% | −156.6% | −218.1% |
| Net income | −$4.8M | $5.8M | −$3.3M | −$21.2M | −$34.2M |
| Net margin | −28.4% | 24.9% | −10.9% | −193.1% | −187.3% |
| Diluted EPS | −$0.34 | $0.41 | −$0.21 | −$0.60 | — |
| Cash | |||||
| Cash from operations | −$3.4M | $0.4M | −$2.7M | −$10.1M | −$31.3M |
| Capital expenditure | $0.0M | $0.3M | $3.0M | $0.6M | $0.7M |
| Free cash flow | −$3.4M | $0.1M | −$5.8M | −$10.7M | −$32.0M |
| FCF margin | −20.0% | 0.6% | −19.2% | −97.4% | −175.3% |
| Share count change | 409.2% | 0.0% | 18.0% | 255.8% | — |
| Debt and strength | |||||
| Cash and short-term investments | $2.1M | $4.1M | $6.9M | $84.6M | $428M |
| Debt incl. finance leases | — | — | — | — | $1.8M |
| Shareholders' equity | −$13.6M | $0.2M | $4.7M | $76.5M | $462M |
| Current ratio | 1.1x | 1.5x | 2.3x | 5.5x | 15.9x |
| Interest coverage | −30.2x | 7.3x | −845.1x | −1,177.5x | −594.0x |
| Returns and quality | |||||
| Return on capital | — | — | — | — | −88.6% |
| Return on equity | — | — | −132.1% | −52.2% | −12.7% |
| Return on tangible equity | — | 2,734.6% | −69.0% | −27.7% | −7.9% |
| Piotroski F-score | — | 6 | 4 | 2 | 4 |
| Altman Z'' | −9.5 | −0.1 | −0.5 | 6.3 | 15.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.1M
6 insiders
Of sales under plans
100%
$1.1M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
SEALSQ Corp · LAES
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Source: SEC EDGAR XBRL filings (CIK 0001951222). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.