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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

TTENK/calls
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Home›Stocks›LAES
LAES logo

LAES

SEALSQ Corp

Next earnings Sep 7, 2026

Hold
$3.03
▼ -5.61%
$3.03▼ -25.19%
over 1Y
L $2.09H $7.65
Today-5.6%
1W-4.4%
1M-18.3%
3M+21.2%
YTD-28.5%
1Y-25.2%
OverviewFinancialsValuationQualityFilings
Rating
Hold
Quality
F
Valuation
Fair value
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 8 analysts
Buy

Revenue grew 66.2% YoY; but unprofitable (net margin -187.3%).

Revenue (FY2025) $18.3M · FY2025

SEALSQ Corp shows $18.3M in FY2025 revenue (+66.2% YoY), a -187.3% net margin, and -7.4% ROE.

Supporting the case: revenue grew 66.2% YoY; conservative balance sheet (liabilities/equity 0.09x).

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 11:38 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Is LAES a buy? The one-page verdict, explained →

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue——$30.1M$11.0M$18.3M
Gross profit$7.15M$9.80M$14.0M$3.73M$8.63M
Operating income-$5.04M$2.58M-$4.14M-$17.2M-$39.8M
Net income-$4.83M$5.77M-$3.27M-$21.2M-$34.2M
Diluted EPS-$0.34$0.41-$0.21-$0.60—
Net margin——-10.9%-193.1%-187.3%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$259M
EV / EBITDA—
EV / Sales14.2
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-5.1%
FCF yield-4.7%

Quality & risk

ROIC (est.)-6.8%
Free cash flow-$32.0M
Total debt$1.68M
Net cash$416M
Altman Z-Score10.06 safe
Piotroski F-Score4/8

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+91.4%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Recent filings

all on EDGAR ↗
6-KPeriod ending 2026-06-302026-06-30open ↗6-KPeriod ending 2026-06-302026-06-30open ↗4Period ending 2026-06-162026-06-18open ↗6-KPeriod ending 2026-06-112026-06-11open ↗6-KPeriod ending 2026-06-112026-06-11open ↗4Period ending 2026-06-052026-06-05open ↗4Period ending 2026-06-052026-06-05open ↗6-KPeriod ending 2026-06-042026-06-04open ↗6-KPeriod ending 2026-06-042026-06-04open ↗4Period ending 2026-06-022026-06-03open ↗4Period ending 2026-06-022026-06-03open ↗4Period ending 2026-06-012026-06-03open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueF
GrowthC
ProfitabilityF
Financial healthB-
MomentumF
  • ✓Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
2.0952-week7.65
Revenue
$18.3M
+66.2% YoY
Net margin
-187.3%
ROE
-7.4%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$18.3M+66.2%
Net income-$34.2M-61.3%
Gross profit$8.63M+131.5%
Operating income-$39.8M-131.5%
Diluted EPS-$0.60-185.7%
Cash & equivalents$418M+393.5%
Total assets$504M+416.8%
Total liabilities$42.7M+102.4%
Stockholders' equity$462M+503.4%
Gross: 47.3%Op.: -218.1%L/E: 0.09x

Frequently asked

Is SEALSQ Corp (LAES) a buy?
LAES currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. Revenue grew 66.2% YoY; but unprofitable (net margin -187.3%).
What is SEALSQ Corp's quality score?
LAES scores 37.984058360788005/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001951222, latest 6-K filed 2026-06-30) · EODHD · as of 7/4/2026, 3:38:49 PM.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 0 open-market buys · 11 sales

2026-06-16
Ward Peter
Director
Exercise367K @ $0.01$3.67K
2026-06-16
Ward Peter
Director
Tax96.5K @ $3.07$296K
2026-06-05
Moreira Carlos
Chief Executive Officer
Sell300.00 @ $3.51$1.05K
2026-06-05
O'Hara John Charles
Chief Financial Officer
Sell143.00 @ $3.51$501.93
2026-06-03
O'Hara John Charles
Chief Financial Officer
Sell5.58K @ $3.53$19.7K
2026-06-03
Moreira Carlos
Chief Executive Officer
Sell7.00K @ $3.53$24.7K
2026-06-03
Enguent Jean-Pierre
Vice President, R&DSS
Sell15.0K @ $3.51$52.7K
2026-06-02
O'Hara John Charles
Chief Financial Officer
Sell10.0K @ $3.69$36.9K
2026-06-02
Moreira Carlos
Chief Executive Officer
Sell10.0K @ $3.69$36.9K
2026-06-01
Enguent Jean-Pierre
Vice President, R&DSS
Exercise15.0K @ $0.01$150.00
2026-05-29
Moreira Carlos
Chief Executive Officer
Sell10.0K @ $3.51$35.1K
2026-05-29
O'Hara John Charles
Chief Financial Officer
Sell10.0K @ $3.51$35.1K

Recent news

market news →
WISeKey Shareholders Approved All Agenda Items of the 2026 Annual General MeetingBullish
globenewswire.com· 2026-06-30
SEALSQ (LAES) Sees Opportunity in France’s Post-Quantum Cybersecurity MandateBullish
finance.yahoo.com· 2026-06-26
WISeKey’s WISeID Positioned to Benefit from Accelerating Global Transition to Post-Quantum Digital Identity and Authentication StandardsBullish
globenewswire.com· 2026-06-26
WISeKey, SEALSQ set up Quantisimo SPV for $575M merger dealBullish
seekingalpha.com· 2026-06-25
WISeKey’s WISeSat.Space Participates in FOSSA Systems Latest Financing Round, Reinforcing its European Secure Satellite Infrastructure RoadmapBullish
globenewswire.com· 2026-06-25
Correction: WISeKey and Its Subsidiary WISeSat.Space Corp. Announce Filing of Registration Statement on Form F-4 with the U.S. Securities and Exchange CommissionBullish
globenewswire.com· 2026-06-24

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score38 vs 67
Revenue growth66.2% vs 7.5%
Net margin-187.3% vs 10.0%
Return on equity-7.4% vs 12.0%
P/E— vs 26.2

News sentiment

EODHD · 20d
Bullish
+0.17
vs typical · 34 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.