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

Sequans Communications S.A.

Sequans Communications S.A.’s revenue for fiscal 2025 (year ended December 2025) was $26.3 million, down 28.5% from fiscal 2024. In the quarter to June 2026, revenue fell 8.39%, EPS grew 81.9%, free cash flow fell 1,233.3% and total debt rose 1,297.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

2.43 0.10 −3.95%

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Market cap: $38.6M
P/E: 0.0×
Fwd P/E: −0.7×
Dividend yield: —
F-score: 2/9
Altman Z: −2.38
Beneish M: −0.76
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 buys 1.19

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	6	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 38.58

Revenue 23.64

Net Income (178.29)

Free Cash Flow (40.86)

Net Debt (19.74)

Current Ratio 1.39

Debt/Equity 0.03

P/E ratio 0.00

Fwd P/E (0.69)

P/S ratio 1.54

P/B ratio 0.87

Past 5Y EPS Growth —

This Y EPS Growth 48.74%

Next Y EPS Growth 61.36%

Next Y revenue growth 33.45%

Next 5Y EPS Growth 66.89%

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

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 7.96%

10-year low 10-year high

P/B against its own 10 years 15.85%

10-year low 10-year high

EV/Sales against its own 10 years 5.41%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	6	62	13	21
Receivables	23	26	15	19
Inventory	6	3	4	4
Other	0	0	0	0
	37	93	35	46

	2023	2024	2025	Q'26
Payables	16	6	10	10
ST’ Debt	71	6	68	—
Other	19	26	23	20
	108	42	105	33

Compound Annual Growth %

	10y	5y	3y
Sales	(2.09%)	(12.36%)	(24.24%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	0.00%	292.97%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	6	7	—	—	—
’25	8	8	4	6	26
’24	6	10	10	11	37
’23	12	9	8	5	34
’22	14	14	17	16	61
’21	12	13	12	14	51
’20	9	12	14	16	51

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(15)	(8)	—	—	—
’25	(9)	(3)	(10)	(4)	(26)
’24	(3)	13	(2)	(28)	(20)
’23	3	(9)	1	(3)	(7)
’22	(3)	(5)	(3)	9	(2)
’21	9	(3)	(11)	(4)	(9)
’20	(8)	(1)	(9)	(1)	(19)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	27	(54)	—	—	—
’25	(10)	(4)	(14)	(1)	(29)
’24	(14)	8	162	(30)	126
’23	(3)	(16)	(6)	(12)	(37)
’22	(8)	(12)	(7)	3	(25)
’21	3	(13)	(18)	(10)	(37)
’20	(10)	(5)	(13)	(5)	(33)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(3.73)	(0.65)	—	—	—
’25	(0.29)	(3.60)	(0.48)	(8.31)	(11.81)
’24	(4.75)	(0.25)	26.10	(1.10)	20.10
’23	(2.50)	(4.00)	(4.00)	(7.00)	(7.28)
’22	1.00	(1.75)	(1.50)	(2.50)	(5.00)
’21	(8.25)	(1.00)	0.12	(5.25)	(13.75)
’20	(15.97)	(17.50)	(7.50)	(9.00)	(48.50)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	153.00	168.00	75.00	42.00	72.75	101.25	57.00	46.50	8.50	4.44	Analyst estimates 2026–2028 Powerpack
	High	300.00	475.00	261.00	130.00	207.25	239.25	145.00	85.50	74.25	58.30
People
People	Employees	213	238	227	208	243	262	285	264	155	171
	Revenue/emp, $m	0.21	0.20	0.18	0.15	0.21	0.19	0.21	0.13	0.24	0.15
Income, $m
Income, $m	Revenue	46	48	40	31	51	51	61	34	37	26
	Gross margin, %	43.84	43.80	39.47	40.11	46.06	53.44	70.82	71.81	75.31	53.61
	EBT	(25)	(26)	(37)	(37)	(54)	(20)	(6)	(38)	61	(108)
	EBT margin, %	(53.76)	(53.58)	(92.40)	(121.44)	(105.23)	(38.60)	(10.34)	(113.98)	165.90	(411.95)
	Net income	(25)	(26)	(37)	(37)	(54)	(20)	(6)	(38)	61	(108)
	Depreciation	5	6	6	8	10	11	12	12	64	6
Per share, $
Per share, $	Revenue	71.43	62.14	42.92	32.49	45.29	34.68	32.80	5.97	14.83	3.03
	Earnings	(39.00)	(34.00)	(39.00)	(38.00)	(48.50)	(13.75)	(5.00)	(7.28)	23.00	(11.81)
	Cash flow	(24.43)	(36.86)	(24.36)	5.36	(17.25)	(5.80)	(1.00)	(1.29)	(7.86)	(3.05)
	Capex	(8.45)	(8.27)	(9.82)	(9.63)	(12.25)	(19.71)	(12.28)	(5.25)	58.75	(0.26)
	Free cash flow	(32.88)	(45.12)	(34.18)	(4.27)	(29.50)	(25.51)	(13.27)	(6.54)	50.89	(3.30)
	Book value	13.89	5.34	(5.35)	(31.11)	(32.74)	(16.57)	1.14	(1.08)	22.30	14.72
	Shares, m	1	1	1	1	1	1	2	6	2	9
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.52	0.00
	P/S	2.69	3.12	1.82	2.31	3.33	3.42	2.37	11.76	2.35	1.48
	P/B	13.83	36.33	0.00	0.00	0.00	0.00	68.21	0.00	1.57	0.31
	EV/Sales	2.77	3.57	2.58	3.48	4.26	4.49	3.13	13.75	0.84	3.57
	EV/FCF	(5.41)	(4.91)	(3.24)	(26.47)	(6.54)	(6.10)	(7.73)	(12.55)	0.25	(2.55)
Cash, $m
Cash, $m	Operating cash flow	(16)	(29)	(23)	5	(19)	(9)	(2)	(7)	(20)	(26)
	Capex	(5)	(6)	(9)	(9)	(14)	(29)	(23)	(30)	146	(2)
	Free cash flow	(21)	(35)	(32)	(4)	(33)	(37)	(25)	(37)	126	(29)
Balance, $m
Balance, $m	Working capital	19	12	16	(1)	(11)	(8)	4	(71)	51	(70)
	Total debt	24	24	43	50	66	59	57	72	6	69
	Net debt	4	22	31	36	47	55	46	67	(56)	56
	Shareholders’ equity	9	4	(5)	(30)	(37)	(24)	2	(6)	55	128
Returns, %
Returns, %	ROA	(43.51)	(42.84)	(60.56)	(58.30)	(72.46)	(22.93)	(9.57)	(39.43)	53.38	(62.42)
	ROIC	(97.10)	(47.53)	(77.11)	(270.32)	(147.90)	(37.91)	(4.99)	(30.77)	0.00	(38.07)
	ROE	(651.26)	(402.21)	8,317.80	212.24	164.29	66.31	81.15	2,066.55	233.59	(119.41)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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
MX Magnachip Semiconductor Corp.	$104.6M	— (loss-making)	— (loss-making)	−6.13% (below 0%: shrinking)	n/m	+84.00% (above 0%: growing)	19.35%	(22.32%)	Compare
IPWR Ideal Power Inc.	$52.8M	— (loss-making)	— (loss-making)	+7.41% (above 0%: growing)	n/m	−1.57% (below 0%: shrinking)	31.03%	(62,467.24%)	Compare
WQEY WISeQey Corp	$41.1M	— (loss-making)	—	+55.93% (above 0%: growing)	n/m	−92.17% (below 0%: shrinking)	52.94%	0.00%	Compare
NA Nano Labs Ltd. Sponsored ADR	$40.9M	—	—	—	n/m	+46.67% (above 0%: growing)	100.00%	100.00%	Compare
SQNS Sequans Communications S.A.	$38.6M	— (loss-making)	— (loss-making)	−8.39% (below 0%: shrinking)	n/m	−1,233.27% (below 0%: shrinking)	32.90%	(96.68%)
ICG Intchains Group Limited Unsponsored ADR	$38.2M	— (loss-making)	— (loss-making)	−38.03% (below 0%: shrinking)	n/m	+49.54% (above 0%: growing)	(137.17%)	(198.09%)	Compare
PXLW Pixelworks, Inc.	$33.0M	0.5×	— (loss-making)	−59.75% (below 0%: shrinking)	n/m	+63.54% (above 0%: growing)	60.94%	(5,256.25%)	Compare
LEDS SemiLEDS Corporation	$16.5M	— (loss-making)	— (loss-making)	−48.59% (below 0%: shrinking)	+500.00% (above 0%: growing)	+455.26% (above 0%: growing)	27.11%	15.62%	Compare
MOBX Mobix Labs, Inc.	$14.8M	— (loss-making)	—	−66.43% (below 0%: shrinking)	n/m	−40.77% (below 0%: shrinking)	12.93%	(932.07%)	Compare
Median of peers	$39.6M	—	—	−38.03%	—	+48.11%	29.07%	(110.20%)

All 67 Semiconductors stocks →

Sequans Communications S.A. (SQNS) key facts

Concern: Sequans Communications S.A.’s revenue for fiscal 2025 (year ended December 2025) was $26.3 million, down 28.5% from fiscal 2024.
Sequans Communications S.A. (SQNS) is a Semiconductors company in the Technology sector, traded in the US as an ADR.
As of October 16, 2026, SQNS traded at $2.43, a market capitalization of $38.6 million.
Return on equity was −119.4% and debt-to-equity 0.03.
Its Piotroski F-score is 2 out of 9 and its Altman Z-score is −2.38 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.