Saturday 17 October 2026 Export LAES’s income statement to Excel — free account

SEALSQ Corp.

LAES Technology Semiconductors

SEALSQ Corp.’s revenue for fiscal 2025 (year ended December 2025) was $18.3 million, up 66.2% from fiscal 2024.

1.79 0.14 −7.25%

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Market cap: $445.7M
P/E: —
Fwd P/E: —
Dividend yield: —
F-score: 5/9
Altman Z: 7.82
Beneish M: 1.97
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.09

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	4	7	4	5	1	1	—	1

Insider Ownership —

Capital & Financial Ratios $m

Market Cap 445.69

Revenue —

Net Income (103.18)

Free Cash Flow (81.06)

Net Debt (487.81)

Current Ratio 14.43

Debt/Equity 0.00

P/E ratio —

Fwd P/E —

P/S ratio —

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 0.00%

Next Y EPS Growth (12.50%)

Next Y revenue growth 59.43%

Next 5Y EPS Growth 74.46%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	7	85	428	489
Receivables	5	4	13	22
Inventory	5	1	2	2
Other	2	3	6	8
	20	93	450	522

	2023	2024	2025	Q'26
Payables	7	10	17	24
ST’ Debt	1	5	—	—
Other	0	2	10	10
	9	17	28	36

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	(7.68%)
Cash Flow	—	—	0.00%
Earnings	—	—	0.00%
Book Value	—	—	1,196.03%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	18
’24	—	—	—	—	11
’23	—	—	—	—	30
’22	—	—	—	—	23

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	(31)
’24	—	—	—	—	(10)
’23	—	—	—	—	(3)
’22	—	—	—	—	0

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	(25)	—	—	—
’25	—	(12)	—	(32)	(32)
’24	—	(5)	—	(12)	(11)
’23	—	(3)	—	(6)	(6)
’22	—	—	—	(2)	0

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	—	—	—	—	—
’25	—	—	—	—	(0.24)
’24	—	—	—	—	(0.60)
’23	—	—	—	—	(0.35)
’22	—	—	—	—	0.71

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	0.91	0.29	1.99	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	28.50	11.00	9.50
People
People	Employees	—	—	—	—	—	—	—	61	67	185
	Revenue/emp, $m	—	—	—	—	—	0.00	0.00	0.49	0.16	0.10
Income, $m
Income, $m	Revenue	—	—	—	—	—	17	23	30	11	18
	Gross margin, %	—	—	—	—	—	42.05	42.24	46.74	33.95	47.28
	EBT	—	—	—	—	—	(5)	3	(3)	(18)	(34)
	EBT margin, %	—	—	—	—	—	(28.37)	10.88	(10.12)	(164.98)	(187.42)
	Net income	—	—	—	—	—	(5)	6	(3)	(21)	(34)
	Depreciation	—	—	—	—	—	2	0	1	1	0
Per share, $
Per share, $	Revenue	—	—	—	—	—	13.09	2.86	3.23	0.38	0.13
	Earnings	—	—	—	—	—	(3.72)	0.71	(0.35)	(0.60)	(0.24)
	Cash flow	—	—	—	—	—	(2.77)	0.06	(0.33)	(0.35)	(0.23)
	Capex	—	—	—	—	—	(0.03)	(0.04)	(0.32)	(0.02)	(0.01)
	Free cash flow	—	—	—	—	—	(2.79)	0.02	(0.65)	(0.37)	(0.23)
	Book value	—	—	—	—	—	(10.45)	0.03	0.54	2.62	3.38
	Shares, m	—	—	—	—	—	1	8	9	29	137
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	—	—	—	—
	P/S	—	—	—	—	—	—	—	—	—	—
	P/B	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00
	EV/Sales	—	—	—	—	—	0.00	0.00	0.00	0.00	0.00
	EV/FCF	—	—	—	—	—	0.00	0.00	(0.49)	2.96	6.95
Cash, $m
Cash, $m	Operating cash flow	—	—	—	—	—	(4)	0	(3)	(10)	(31)
	Capex	—	—	—	—	—	0	0	(3)	(1)	(1)
	Free cash flow	—	—	—	—	—	(4)	0	(6)	(11)	(32)
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	0	5	12	76	421
	Total debt	—	—	—	—	—	16	13	14	8	1
	Net debt	—	—	—	—	—	14	9	7	(77)	(427)
	Shareholders’ equity	—	—	—	—	—	(14)	0	5	76	462
Returns, %
Returns, %	ROA	—	—	—	—	—	0.00	34.44	(13.18)	(33.79)	(11.36)
	ROIC	—	—	—	—	—	0.00	18.01	(21.07)	0.00	(71.31)
	ROE	—	—	—	—	—	0.00	(86.44)	(124.66)	(52.01)	(12.71)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
POET POET Technologies Inc.	$1.0B	— (loss-making)	—	+112.25% (above 0%: growing)	n/m	−55.77% (below 0%: shrinking)	100.00%	(3,542.81%)	Compare
AIP Arteris, Inc.	$979.1M	— (loss-making)	— (loss-making)	+46.25% (above 0%: growing)	n/m	+403.35% (above 0%: growing)	85.05%	(57.63%)	Compare
CEVA Ceva, Inc.	$823.5M	— (loss-making)	— (loss-making)	+13.07% (above 0%: growing)	n/m	+31.02% (above 0%: growing)	87.44%	(7.15%)	Compare
AOSL Alpha and Omega Semiconductor Limited	$707.3M	— (loss-making)	— (loss-making)	−3.46% (below 0%: shrinking)	n/m	−45.84% (below 0%: shrinking)	23.09%	(6.45%)	Compare
NVEC NVE Corporation	$501.6M	26.6×	17.7×	+80.75% (above 0%: growing)	+78.38% (above 0%: growing)	+27.04% (above 0%: growing)	81.28%	65.85%	Compare
INDI indie Semiconductor, Inc.	$462.5M	— (loss-making)	— (loss-making)	+23.97% (above 0%: growing)	n/m	−134.86% (below 0%: shrinking)	36.07%	(54.81%)	Compare
LAES SEALSQ Corp.	$445.7M	—	—	—	—	−417.61% (below 0%: shrinking)	—	—
MRAM EVERSPIN TECH	$342.6M	— (loss-making)	946×	+41.93% (above 0%: growing)	n/m	−165.66% (below 0%: shrinking)	53.89%	(23.39%)	Compare
VLN Valens Semiconductor, Ltd.	$181.9M	— (loss-making)	— (loss-making)	+6.13% (above 0%: growing)	n/m	−1,024.55% (below 0%: shrinking)	61.52%	(43.89%)	Compare
Median of peers	$604.5M	—	—	+32.95%	—	−50.80%	71.40%	(33.64%)

All 67 Semiconductors stocks →

SEALSQ Corp. (LAES) key facts

Strength: SEALSQ Corp.’s revenue for fiscal 2025 (year ended December 2025) was $18.3 million, up 66.2% from fiscal 2024.
SEALSQ Corp. (LAES) is a Semiconductors company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, LAES traded at $1.79, a market capitalization of $445.7 million.
Return on equity was −12.7% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 7.82 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.