SEALSQ Corp LAES
$1.32 +$0.09 (+7.32%)
Market closed · Nov 6, 8:20 pm ET · Last extended-hours $1.30 -1.52%
Open$1.28
Prev close$1.23
Day range$1.26 – $1.35
Volume3.74M
Market cap$296.91M
P/E (TTM)–
Dividend yield–
Fundamentals
Latest reported quarter: ANNUAL, ended Dec 2025
Revenue$18.25M+66.2% YoY
Operating profit-$39.80M-131.5% YoY
Net profit-$34.19M-61.3% YoY
Diluted EPS-$0.24+60.0% YoY
Annual revenue
Profitability & balance sheet
Gross margin50.5%
Operating margin-206.4%
Net margin-170.4%
Return on equity-12.4%
Return on assets-11.1%
Return on invested capital-13.5%
Current ratio14.43
Liabilities / assets8.5%
Cash & investments$482.25M
Total debt$6.52M
Net cash (debt)$475.72M
Where the revenue comes from
Quarter 2025/FY
By business line
By region
Balance sheet
| Line item | 2026 Q2 | 2025 ANNUAL | 2025 Q4 | 2025 Q2 | 2024 ANNUAL |
|---|---|---|---|---|---|
| Total Assets | $614.64M | $504.18M | $504.18M | $142.02M | $97.57M |
| Total Current Assets | $521.81M | $449.64M | $449.64M | $132.86M | $93.06M |
| Cash and Cash Equivalents & Short-Term Investments | $482.25M | $427.69M | $427.69M | $120.94M | $84.62M |
| -Cash and Cash Equivalents | $479.80M | $417.66M | $417.66M | $120.94M | $84.62M |
| -Short Term Investments | $2.45M | $10.03M | $10.03M | – | $0.00 |
| Receivables | $22.78M | $14.13M | $14.13M | $6.87M | $4.33M |
| -Accounts Receivable | $19.09M | $12.38M | $12.38M | $2.43M | $3.60M |
| -Taxes Receivable | $1.08M | $733,000.00 | $733,000.00 | $203,000.00 | $501,000.00 |
| -Due from Related Parties Current | $2.61M | $549,000.00 | $549,000.00 | $4.23M | $223,000.00 |
| -Other Receivables | $10,000.00 | $463,000.00 | $463,000.00 | – | $7,000.00 |
| Prepaid Assets | $1.71M | $1.19M | $1.19M | $701,000.00 | $421,000.00 |
| Inventory | $2.10M | $2.01M | $2.01M | $2.20M | $1.42M |
| Restricted Cash | $6.31M | – | – | – | – |
| Current Deferred Assets | $6.61M | $4.58M | $4.58M | $2.15M | $2.25M |
| Other Current Assets | $49,000.00 | $42,000.00 | $42,000.00 | – | $26,000.00 |
| Total Non-Current Assets | $92.83M | $54.54M | $54.54M | $9.16M | $4.50M |
| Net PPE | $10.98M | $10.01M | $10.01M | $4.41M | $4.23M |
| -Gross PPE | $25.56M | $24.14M | $24.14M | $18.43M | $17.94M |
| -Accumulated Depreciation | -$14.58M | -$14.13M | -$14.13M | -$14.02M | -$13.71M |
| Investments and Advances | $35.04M | $15.35M | $15.35M | $3.61M | $0.00 |
| -Available for Sale Securities | $24.58M | $1.13M | $1.13M | $127,000.00 | – |
| -Long Term Equity Investment | $10.45M | $14.22M | $14.22M | $3.49M | $0.00 |
| Non-Current Note Receivables | $0.00 | $31,000.00 | $31,000.00 | – | $0.00 |
| Non-Current Prepaid Assets | $243,000.00 | – | – | $93,000.00 | – |
| Goodwill and Other Intangible Assets | $42.10M | $26.61M | $26.61M | $300,000.00 | $0.00 |
| -Goodwill | $11.70M | $5.66M | $5.66M | – | $0.00 |
| -Other Intangible Assets | $30.41M | $20.95M | $20.95M | $300,000.00 | – |
| Non-Current Deferred Assets | $4.48M | $2.30M | $2.30M | $748,000.00 | $190,000.00 |
| Total Liabilities | $52.50M | $42.67M | $42.67M | $23.89M | $21.08M |
| Total Current Liabilities | $36.16M | $28.25M | $28.25M | $18.00M | $16.89M |
| Payables | $31.95M | $23.67M | $23.67M | $13.68M | $11.65M |
| -Accounts Payable | $5.44M | $4.89M | $4.89M | $3.31M | $3.44M |
| -Total Tax Payable | $8.10M | $6.85M | $6.85M | $81,000.00 | $1.58M |
| -Due to Related Parties Current | $13.23M | $5.67M | $5.67M | $5.99M | $4.68M |
| -Other Payable | $5.18M | $6.26M | $6.26M | $4.30M | $1.95M |
| Short-Term Debt and Capital Lease Obligation | $1.17M | $1.41M | $1.41M | $2.28M | $5.16M |
| -Current Debt | $555,000.00 | $689,000.00 | $689,000.00 | $1.91M | $4.83M |
| -Current Capital Lease Obligation | $618,000.00 | $725,000.00 | $725,000.00 | $375,000.00 | $327,000.00 |
| Current Deferred Liabilities | $2.52M | $1.63M | $1.63M | $43,000.00 | $88,000.00 |
| Other Current Liabilities | $515,000.00 | – | – | – | – |
| Total Non-Current Liabilities | $16.34M | $14.42M | $14.42M | $5.90M | $4.19M |
| Long Term Debt and Capital Lease Obligation | $5.97M | $6.58M | $6.58M | $4.09M | $3.72M |
| -Long Term Debt | $696,000.00 | $989,000.00 | $989,000.00 | $3.53M | $3.11M |
| -Long Term Capital Lease Obligation | $5.27M | $5.60M | $5.60M | $558,000.00 | $616,000.00 |
| Non-Current Deferred Liabilities | $6.87M | $4.37M | $4.37M | – | $0.00 |
| Employee Benefits | $2.63M | $2.16M | $2.16M | $1.81M | $464,000.00 |
| Other Non-Current Liabilities | $877,000.00 | $1.31M | $1.31M | – | – |
| Total Equity | $562.14M | $461.51M | $461.51M | $118.13M | $76.49M |
| Stockholders' Equity | $554.68M | $461.51M | $461.51M | $118.13M | $76.49M |
| Capital Stock | $2.31M | $1.99M | $1.99M | $1.31M | $1.08M |
| -Common Stock | $2.31M | $1.99M | $1.99M | $1.31M | $1.08M |
| Additional Paid-In Capital | $655.72M | $534.77M | $534.77M | $177.86M | $116.57M |
| Retained Earnings | -$103.82M | -$76.11M | -$76.11M | -$61.91M | -$41.91M |
| Gains/Losses Not Affecting Retained Earnings | $468,000.00 | $852,000.00 | $852,000.00 | $866,000.00 | $758,000.00 |
| Minority Interests | $7.46M | – | – | – | – |
| Other Non-Current Assets | – | $251,000.00 | $251,000.00 | – | $82,000.00 |
| Current Accrued Expenses | – | – | – | $353,534.00 | – |
| Other Equity Interests | – | – | – | $1,000.00 | – |
Income statement
| Line item | 2025 ANNUAL | 2024 ANNUAL | 2023 ANNUAL | 2022 ANNUAL | 2021 ANNUAL |
|---|---|---|---|---|---|
| Total Revenue as Reported | $18.25M | $10.98M | $30.06M | $23.20M | $17.00M |
| Total Operating Revenue | $18.25M | $10.98M | $30.06M | $23.20M | $17.00M |
| Cost of Revenue | $9.62M | $7.25M | $16.01M | $13.40M | $9.85M |
| Gross Profit | $8.63M | $3.73M | $14.05M | $9.80M | $7.15M |
| Operating Expense | $48.43M | $20.92M | $18.19M | $7.22M | $12.19M |
| Selling and Admin Expenses | $38.56M | $16.29M | $14.29M | $6.92M | $9.23M |
| -Selling & Marketing Expense | $12.77M | $5.45M | $5.65M | $3.82M | $4.25M |
| -General & Admin Expense | $25.79M | $10.84M | $8.64M | $3.09M | $4.98M |
| Research & Development | $12.48M | $4.99M | $3.95M | $2.31M | $3.05M |
| Other Operating Expenses | -$2.61M | -$359,000.00 | -$48,000.00 | -$2.01M | -$91,000.00 |
| Operating Profit | -$39.80M | -$17.19M | -$4.14M | $2.58M | -$5.04M |
| Net Non-Operating Interest Income (Expense) | $5.60M | -$1.13M | -$903,000.00 | -$597,000.00 | -$168,000.00 |
| Non-Operating Interest Income | $52,000.00 | $0.00 | $0.00 | $9,000.00 | $0.00 |
| Non-Operating Interest Expense | $223,000.00 | $1.56M | $987,000.00 | $605,000.00 | $167,000.00 |
| Total Other Finance Costs | -$5.77M | -$430,000.00 | -$84,000.00 | $1,000.00 | $1,000.00 |
| Other Income (Expense) | -$8,000.00 | $201,000.00 | $2.00M | $539,000.00 | $388,000.00 |
| Gain on Sale of Security | -$19,000.00 | $314,000.00 | -$176,000.00 | $543,000.00 | $482,000.00 |
| Special Income (Charges) | $0.00 | -$100,000.00 | $2.19M | $0.00 | – |
| -Less:Write Off | $0.00 | $0.00 | -$2.19M | $0.00 | – |
| Other Non-Operating Income (Expenses) | $11,000.00 | -$13,000.00 | -$14,000.00 | -$4,000.00 | -$94,000.00 |
| Pretax Profit | -$34.21M | -$18.12M | -$3.04M | $2.53M | -$4.82M |
| Tax | -$162,000.00 | $3.09M | $225,000.00 | -$3.25M | $6,000.00 |
| Earnings from Equity Interest Net of Tax | -$148,000.00 | $0.00 | $0.00 | – | – |
| Net Profit | -$34.19M | -$21.20M | -$3.27M | $5.77M | -$4.83M |
| Profit from Continuing Operations | -$34.19M | -$21.20M | -$3.27M | $5.77M | -$4.83M |
| Net Income to Parent Company | -$34.19M | -$21.20M | -$3.27M | $5.77M | -$4.83M |
| Net Income to Common Stockholders | -$34.19M | -$21.20M | -$3.27M | $5.77M | -$4.83M |
| Basic EPS | -$0.24 | -$0.60 | -$0.21 | $0.38 | -$0.32 |
| Diluted EPS | -$0.24 | -$0.60 | -$0.21 | $0.38 | -$0.32 |
| -Less:Other Special Charges | – | $100,000.00 | – | – | – |
Cash flow
| Line item | 2025 ANNUAL | 2024 ANNUAL | 2023 ANNUAL | 2022 ANNUAL | 2021 ANNUAL |
|---|---|---|---|---|---|
| Operating Cash Flow | -$31.26M | -$10.12M | -$2.75M | $446,000.00 | -$3.36M |
| Net cash flow from continuing operations | -$31.26M | -$10.12M | -$2.75M | $446,000.00 | -$3.36M |
| Net Income from Continuing Operations | -$34.19M | -$21.20M | -$3.27M | $5.77M | -$4.83M |
| Gain/Loss from Continuing Operations | -$365,000.00 | -$378,000.00 | $112,000.00 | – | – |
| Depreciation & Depletion & Amortization | $191,000.00 | $630,000.00 | $570,000.00 | $408,000.00 | $1.54M |
| Deferred Tax | -$168,000.00 | $3.08M | $225,000.00 | -$3.25M | $6,000.00 |
| Other Non-Cash Items | $371,000.00 | $1.70M | $842,000.00 | $1.24M | $167,000.00 |
| Change in Working Capital | -$8.86M | $6.42M | $420,000.00 | -$4.27M | -$709,000.00 |
| -Change in Receivables | $688,000.00 | $1.45M | -$2.83M | $387,000.00 | -$400,000.00 |
| -Change in Inventory | -$1.10M | $4.34M | $2.32M | -$5.35M | -$698,000.00 |
| -Change in Payables and Accrued Expense | -$7.48M | -$341,000.00 | $1.38M | $1.52M | $752,000.00 |
| -Change in Other Current Assets | -$3.10M | $234,000.00 | $269,000.00 | -$773,000.00 | $176,000.00 |
| -Change in Other Current Liabilities | $1.64M | $1.23M | $285,000.00 | -$31,000.00 | -$413,000.00 |
| -Change In Other Working Capital | $495,000.00 | -$486,000.00 | -$995,000.00 | -$25,000.00 | -$126,000.00 |
| Net cash flow from investing | -$35.31M | -$571,000.00 | -$3.02M | -$299,000.00 | -$36,000.00 |
| Net Cash Flow from Continuing Investing Activities | -$35.31M | -$571,000.00 | -$3.02M | -$299,000.00 | -$36,000.00 |
| Net PPE Purchase and Sale | -$743,000.00 | -$571,000.00 | -$3.02M | -$299,000.00 | -$36,000.00 |
| Net Intangibles Purchase and Sale | -$500,000.00 | $0.00 | $0.00 | – | – |
| Net Business Purchase and Sale | -$11.55M | $0.00 | $0.00 | – | – |
| Net Investment Purchase and Sale | -$22.42M | $0.00 | $0.00 | – | – |
| Net Other Investing Changes | -$104,000.00 | – | – | – | – |
| Financing Cash Flow | $399.52M | $88.40M | $8.63M | $1.75M | $3.46M |
| Net Cash Flow from Continuing Financing Activities | $399.52M | $88.40M | $8.63M | $1.75M | $3.46M |
| Net Issuance Payments Of Debt | -$5.13M | $18.59M | $9.60M | $1.75M | $3.46M |
| Net Common Stock Issuance | $429.27M | $60.00M | $0.00 | $0.00 | – |
| Proceeds from Stock Option Exercised | $7.40M | $17.61M | $0.00 | $0.00 | – |
| Net Other Financing Charges | -$32.02M | -$7.80M | -$975,000.00 | – | – |
| Ending Cash Balance | $417.66M | $84.62M | $6.90M | $4.06M | $2.06M |
| Net Change in Cash | $332.95M | $77.71M | $2.86M | $1.90M | $64,000.00 |
| Beginning Cash Balance | $84.62M | $6.90M | $4.06M | $2.06M | $1.83M |
| Effect of Exchange Rate Changes | $83,000.00 | $24,000.00 | -$21,000.00 | $96,000.00 | $170,000.00 |
| Free Cash Flow | -$32.50M | -$10.70M | -$5.77M | $147,000.00 | -$3.40M |
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