SEALSQ Corp(LAES)Earnings, Financials & Key Ratios
LAES•NASDAQ
Price updated Jun 19, 2026
AboutSEALSQ Corp develops and sells semiconductor chips for private and public sectors. The company offers semiconductors and smart card reader chips; identity provisioning services; and managed PKI for IoT solutions. It serves consumer electronics, aerospace and military, satellite and telecommunications, smart energy and smart building, smart industries, logistics, medical, and consumer industries. SEALSQ Corp was incorporated in 2022 and is based in Cointrin, Switzerland. SEALSQ Corp is a subsidiary of WISeKey International Holding AG.Show more
- Revenue$11M-63.5%
- EBITDA-$16M-361.4%
- Net Income-$21M-548.7%
- EPS (Diluted)-0.68-223.8%
- Gross Margin33.95%-27.4%
- EBITDA Margin-150.04%-1162.9%
- Operating Margin-156.55%-1036.4%
- Net Margin-193.07%-1675.8%
- ROE-51.15%+59.0%
LAES Key Insights
SEALSQ Corp (LAES) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 848.6%
- ✓Trading at only 1.4x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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LAES Price & Volume
SEALSQ Corp (LAES) stock price & volume — 10-year historical chart
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LAES Growth Metrics
SEALSQ Corp (LAES) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-16.09%
TTM-28.59%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-1346.63%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-648.46%
Return on Capital
10 Years-58.87%
5 Years-58.87%
3 Years-9.05%
Last Year-33.95%
LAES Recent Earnings
SEALSQ Corp (LAES) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/10 qtrs (0%)●Beat Revenue 5/10 qtrs (100%)
Q2 2026Latest
Mar 31, 2026Metric
Actual
Est
EPS
$0.08-60.0%
$0.05
Rev
$13M+3.9%
$13M
Q4 2025
Sep 9, 2025Metric
Actual
Est
EPS
$0.20
—
Rev
$6M+16.6%
$5M
Q2 2025
Mar 20, 2025Metric
Actual
Est
EPS
$0.28
—
Rev
$7M+13.8%
$6M
Q3 2024
Jul 12, 2024Metric
Actual
Est
EPS
$0.80
—
Rev
$5M+8.5%
$5M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 31, 2026 | $0.08vs $0.05-60.0% | $13Mvs $13M+3.9% |
| Q4 2025 | Sep 9, 2025 | $0.20 | $6Mvs $5M+16.6% |
| Q2 2025 | Mar 20, 2025 | $0.28 | $7Mvs $6M+13.8% |
| Q3 2024 | Jul 12, 2024 | $0.80 | $5Mvs $5M+8.5% |
Based on last 10 quarters of dataView full earnings history →
LAES Peer Comparison
SEALSQ Corp (LAES) competitors in Analog, Mixed-Signal and RF Chips — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 XTLB | 279.46K | 2.54 | -0.26 | -227.72% | -25.53% | 0.03 | ||
 CODA | 112.81M | 10.00 | 27.03 | 30.75% | 17.66% | 8.33% | 0.01 | |
 IDAI | 3.92M | 1.68 | -0.63 | 1.85% | -250.66% | -134.07% | 0.14 | |
 INVE | 95.54M | 3.98 | -5.24 | -19.32% | -70.52% | -11.74% | 0.01 | |
 QLYS | 3.92B | 111.30 | 20.46 | 10.13% | 29.41% | 37.15% | 0.17 | |
 NTCT | 2.84B | 39.67 | 30.52 | 4.47% | 11.12% | 5.96% | 0.02 | |
 DGII | 2.6B | 69.06 | 63.94 | 1.46% | 9.1% | 6.72% | 0.28 | |
 SIFY | 1.1B | 15.20 | -131.84 | 11.93% | -3.62% | -7.48% | 1.96 |
Compare LAES vs Peers
SEALSQ Corp (LAES) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LAES Income Statement
SEALSQ Corp (LAES) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
Sales/Revenue | 15.25M | 18.59M | 23.2M | 30.06M | 10.98M | 35.37M |
Revenue Growth % | - | 21.87% | 24.8% | 29.57% | -63.47% | -28.59% |
Cost of Goods Sold | 8.88M | 9.85M | 13.4M | 16.01M | 7.25M | 22.16M |
COGS % of Revenue | 58.24% | 52.98% | 57.76% | 53.26% | 66.05% | - |
Gross Profit | 5.43M▲ 0% | 7.15M▲ 31.5% | 9.8M▲ 37.1% | 14.05M▲ 43.4% | 3.73M▼ 73.5% | 13.21M▲ 0% |
Gross Margin % | 35.63% | 38.45% | 42.24% | 46.74% | 33.95% | 37.35% |
Gross Profit Growth % | - | 31.52% | 37.11% | 43.37% | -73.46% | - |
Operating Expenses | 16.69M | 14.85M | 9.66M | 18.19M | 20.92M | 61.63M |
OpEx % of Revenue | 109.41% | 79.88% | 41.63% | 60.52% | 190.5% | - |
Selling, General & Admin | 12.56M | 11.89M | 6.92M | 14.29M | 16.29M | 47.71M |
SG&A % of Revenue | 82.35% | 63.96% | 29.81% | 47.55% | 148.37% | - |
Research & Development | 4.13M | 3.05M | 2.42M | 3.95M | 4.99M | 13.91M |
R&D % of Revenue | 27.06% | 16.41% | 10.42% | 13.13% | 45.4% | - |
Other Operating Expenses | 0 | -91K | 325.34K | -48K | -359K | 0 |
Operating Income | -8.59M▲ 0% | -5.51M▲ 35.8% | 2.58M▲ 146.8% | -4.14M▼ 260.3% | -17.19M▼ 315.1% | -48.42M▲ 0% |
Operating Margin % | -56.28% | -29.66% | 11.13% | -13.78% | -156.55% | -136.89% |
Operating Income Growth % | - | 35.78% | 146.85% | -260.32% | -315.14% | - |
EBITDA | -5.55M | -3.98M | 3.01M | -3.57M | -16.48M | -46.98M |
EBITDA Margin % | -36.4% | -21.39% | 12.98% | -11.88% | -150.04% | -132.82% |
EBITDA Growth % | - | 28.37% | 175.7% | -218.63% | -361.37% | -5442.8% |
D&A (Non-Cash Add-back) | 3.03M | 1.54M | 427.2K | 570K | 715.37K | 1.44M |
EBIT | -9.79M | -4.65M | 3.28M | -2.06M | -16.56M | -43.25M |
Net Interest Income | -1K | -168K | -597K | -903K | -1.28M | -610.54K |
Interest Income | 8K | 0 | 9K | 88K | 798.26K | 2.71M |
Interest Expense | 9K | 168K | 605K | 987K | 2.08M | 3.32M |
Other Income/Expense | -611K | 240.63K | -58K | 1.1M | -925K | 1.85M |
Pretax Income | -9.2M▲ 0% | -5.27M▲ 42.7% | 2.52M▲ 147.9% | -3.04M▼ 220.5% | -18.12M▼ 495.3% | -46.57M▲ 0% |
Pretax Margin % | -60.29% | -28.37% | 10.88% | -10.12% | -164.98% | -131.66% |
Income Tax | 5K | 6K | -3.25M | 225K | 3.08M | 3.4M |
Effective Tax Rate % | -0.05% | -0.11% | -128.51% | -7.39% | -17.03% | -7.31% |
Net Income | -9.2M▲ 0% | -4.83M▲ 47.5% | 5.77M▲ 219.5% | -3.27M▼ 156.6% | -21.2M▼ 548.7% | -49.97M▲ 0% |
Net Margin % | -60.32% | -25.97% | 24.87% | -10.87% | -193.07% | -141.28% |
Net Income Growth % | - | 47.54% | 219.54% | -156.64% | -548.75% | -1346.63% |
Net Income (Continuing) | -9.2M | -4.83M | 5.77M | -3.27M | -21.2M | -49.97M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.61▲ 0% | -0.32▲ 47.5% | 0.38▲ 218.8% | -0.21▼ 155.3% | -0.68▼ 223.8% | -0.43▲ 0% |
EPS Growth % | - | 47.54% | 218.75% | -155.26% | -223.81% | -648.46% |
EPS (Basic) | -0.61 | -0.32 | 0.38 | -0.21 | -0.68 | - |
Diluted Shares Outstanding | 15.13M | 15.13M | 15.13M | 15.3M | 35.25M | 116.48M |
Basic Shares Outstanding | 15.13M | 15.13M | 15.13M | 15.3M | 35.25M | 116.48M |
Dividend Payout Ratio | - | - | - | - | - | - |
LAES Balance Sheet
SEALSQ Corp (LAES) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
Total Current Assets | 7.55M | 8.25M | 15.43M | 20.27M | 93.06M | 132.86M |
Cash & Short-Term Investments | 1.83M | 2.06M | 4.06M | 6.89M | 84.62M | 120.94M |
Cash Only | 1.83M | 2.06M | 4.06M | 6.89M | 84.62M | 120.94M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 3.15M | 2.79M | 2.44M | 5.47M | 4.33M | 6.87M |
Days Sales Outstanding | 75.28 | 54.86 | 38.44 | 66.4 | 143.79 | 47.47 |
Inventory | 2.47M | 2.71M | 7.51M | 5.23M | 1.42M | 2.2M |
Days Inventory Outstanding | 101.66 | 100.44 | 204.58 | 119.27 | 71.36 | 50.12 |
Other Current Assets | -361.11K | 1K | 0 | 1.72M | 2.3M | 2.15M |
Total Non-Current Assets | 5.88M | 3.6M | 6.23M | 7.67M | 4.5M | 9.16M |
Property, Plant & Equipment | 4.48M | 2.66M | 2.16M | 4.51M | 4.23M | 4.41M |
Fixed Asset Turnover | 3.41x | 6.98x | 10.73x | 6.67x | 2.59x | 7.94x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 9K | 5K | 1K | 0 | 0 | 300K |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 3.61M |
Other Non-Current Assets | 86K | 82K | 77K | 83K | 82K | 93K |
Total Assets | 13.43M▲ 0% | 11.84M▼ 11.8% | 21.66M▲ 82.9% | 27.93M▲ 29.0% | 97.57M▲ 249.3% | 142.02M▲ 0% |
Asset Turnover | 1.14x | 1.57x | 1.07x | 1.08x | 0.11x | 0.47x |
Asset Growth % | - | -11.83% | 82.87% | 28.98% | 249.26% | 623.14% |
Total Current Liabilities | 7.83M | 7.76M | 10.63M | 8.72M | 15.52M | 18M |
Accounts Payable | 6.73M | 7.26M | 6.74M | 6.96M | 3.44M | 3.31M |
Days Payables Outstanding | 276.7 | 268.93 | 183.47 | 158.75 | 173.27 | 66.64 |
Short-Term Debt | 604.11K | 380.84K | 3.37M | 1.28M | 4.83M | 1.91M |
Deferred Revenue (Current) | 297K | 111K | 84K | 125K | 88K | 286K |
Other Current Liabilities | -474.11K | -333.84K | 36K | 0 | 0 | 1.64M |
Current Ratio | 0.96x | 1.06x | 1.45x | 2.32x | 6.00x | 7.38x |
Quick Ratio | 0.65x | 0.71x | 0.75x | 1.72x | 5.91x | 7.26x |
Cash Conversion Cycle | -99.76 | -113.63 | 59.55 | 26.91 | 41.89 | 30.96 |
Total Non-Current Liabilities | 14.97M | 17.65M | 10.82M | 14.19M | 4.18M | 5.89M |
Long-Term Debt | 12.26M | 15.62M | 9.44M | 12.87M | 3.1M | 3.53M |
Capital Lease Obligations | 1.69M | 1.46M | 988K | 893K | 616K | 2.91M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 1.01M | 575K | 396K | 426K | 464K | 1.81M |
Total Liabilities | 22.81M | 25.41M | 21.45M | 22.9M | 19.7M | 23.89M |
Total Debt | 14.92M | 17.77M | 14.12M | 15.38M | 8.88M | 6.37M |
Net Debt | 13.09M | 15.71M | 10.06M | 8.48M | -75.75M | -114.57M |
Debt / Equity | - | - | 66.61x | 3.06x | 0.11x | 0.05x |
Debt / EBITDA | - | - | 4.69x | - | - | -0.14x |
Net Debt / EBITDA | - | - | 3.34x | - | - | 2.44x |
Interest Coverage | -953.89x | -32.82x | 4.27x | -4.20x | -8.28x | -13.04x |
Total Equity | -9.37M▲ 0% | -13.56M▼ 44.7% | 212K▲ 101.6% | 5.03M▲ 2273.1% | 77.86M▲ 1447.7% | 118.13M▲ 0% |
Equity Growth % | - | -44.7% | 101.56% | 2273.11% | 1447.68% | 6654.1% |
Book Value per Share | -0.62 | -0.90 | 0.01 | 0.33 | 2.21 | 1.01 |
Total Shareholders' Equity | -9.37M | -13.56M | 212K | 5.03M | 77.86M | 118.13M |
Common Stock | 1.77M | 1.77M | 150K | 229K | 1.07M | 1.31M |
Retained Earnings | -20.8M | -23.21M | -17.44M | -20.71M | -41.91M | -61.91M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 487K | 621K | 775K | 784K | 758K | 866K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
LAES Cash Flow Statement
SEALSQ Corp (LAES) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
Cash from Operations | -3.02M | -3.59M | -1.55M | -3.04M | -11.21M | -28.51M |
Operating CF Margin % | -19.82% | -19.32% | -6.7% | -10.11% | -102.04% | - |
Operating CF Growth % | - | -18.79% | 56.73% | -95.62% | -268.59% | -960.65% |
Net Income | -9.2M | -5.28M | 5.77M | -3.64M | -21.2M | -49.97M |
Depreciation & Amortization | 2.85M | 1.68M | 408K | 570K | 715.37K | 1.44M |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 148K | 0 |
Deferred Taxes | 5K | 6K | -3.25M | 225K | 3.08M | 3.53M |
Other Non-Cash Items | 38K | 35.51K | -209K | -323.44K | 711.63K | 11.67M |
Working Capital Changes | 3.29M | -34K | -4.27M | 125K | 5.34M | 5.75M |
Change in Receivables | 1.54M | -400K | 387K | -2.83M | 1.45M | 953.95K |
Change in Inventory | 313K | -236K | -5.35M | 2.32M | 4.34M | 8.78M |
Change in Payables | -457K | 522K | -521K | 39K | 2.1M | 2.62M |
Cash from Investing | 163K | -36K | -299K | -3.02M | -571K | -4.83M |
Capital Expenditures | -52K | -36K | -299K | -3.02M | -571K | -2.92M |
CapEx % of Revenue | 0.34% | 0.19% | 1.29% | 10.05% | 5.2% | 8.27% |
Acquisitions | 215K | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | 0 | -1.9M |
Cash from Financing | 2.81M | 3.69M | 3.75M | 8.92M | 89.48M | 170.06M |
Debt Issued (Net) | 2.81M | 3.46M | 1.75M | 9.6M | 18.59M | 15.13M |
Equity Issued (Net) | 0 | 0 | 0 | 0 | 1000K | 2M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 227K | 2M | -680K | 10.89M | 10.08M |
Net Change in Cash | -15K▲ 0% | 234K▲ 1660.0% | 1.99M▲ 751.7% | 2.84M▲ 42.4% | 77.73M▲ 2638.9% | 150.07M▲ 0% |
Free Cash Flow | -3.08M▲ 0% | -3.63M▼ 18.0% | -1.85M▲ 48.9% | -6.06M▼ 227.1% | -11.78M▼ 94.3% | -31.43M▲ 0% |
FCF Margin % | -20.16% | -19.51% | -7.99% | -20.16% | -107.24% | -88.87% |
FCF Growth % | - | -17.95% | 48.91% | -227.09% | -94.29% | -372.64% |
FCF per Share | -0.20 | -0.24 | -0.12 | -0.40 | -0.33 | -0.27 |
FCF Conversion (FCF/Net Income) | 0.33x | 0.74x | -0.27x | 0.93x | 0.53x | 0.63x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 16K | 0 | 4K | 0 | 4K | 0 |
LAES Key Ratios
SEALSQ Corp (LAES) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
Return on Equity (ROE) | - | 2721.7% | -124.66% | -51.15% | -42.3% |
Return on Invested Capital (ROIC) | -141.11% | 31.19% | -26.11% | -165.01% | -561.56% |
Gross Margin | 38.45% | 42.24% | 46.74% | 33.95% | 37.35% |
Net Margin | -25.97% | 24.87% | -10.87% | -193.07% | -141.28% |
Debt / Equity | - | 66.61x | 3.06x | 0.11x | 0.05x |
Interest Coverage | -32.82x | 4.27x | -4.20x | -8.28x | -13.04x |
FCF Conversion | 0.74x | -0.27x | 0.93x | 0.53x | 0.63x |
Revenue Growth | 21.87% | 24.8% | 29.57% | -63.47% | -28.59% |
Related:LAES Dividend History·LAES Revenue History·LAES Price History·LAES P/E History·LAES Financial Ratios·LAES Institutional Holders
LAES Frequently Asked Questions
SEALSQ Corp (LAES) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
SEALSQ Corp (LAES) reported $35.4M in revenue for fiscal year 2024. This represents a 132% increase from $15.3M in 2020.
SEALSQ Corp (LAES) saw revenue decline by 63.5% over the past year.
SEALSQ Corp (LAES) reported a net loss of $50.0M for fiscal year 2024.
Dividend & Returns
SEALSQ Corp (LAES) has a return on equity (ROE) of -51.2%. Negative ROE indicates the company is unprofitable.
SEALSQ Corp (LAES) had negative free cash flow of $31.4M in fiscal year 2024, likely due to heavy capital investments.