Valuation
Is the price right?Insufficient data
Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Bringing the fundamentals into focus…
LAES TechnologyBeta data
SEALSQ Corp
$1.37+0.74%
Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
- Sector
- Technology
- Industry
- Semiconductors
- Country
- Switzerland
- Market cap
- 308.2M USD
- Enterprise value
- -3.9M USD
- Full-time employees
- 185
Growth
Is it growing?83/100
Strong
2/3 inputs reported · Partial data
Since last quarter: ▲ Stronger
- 12-month revenue up 66.3%
Why
Compare with peers Stronger than most peers on:
- ▲ Revenue growth
Behind the score
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growthUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.1108 · MAD: 0.30503-year revenue growth-7.7%
SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score -1.58Sector median: 0.0483 · MAD: 0.0793Revenue growth66.2%
SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.89Sector median: 0.0853 · MAD: 0.1017Profitability
Does it earn well?3/100
Weak
3/3 inputs reported · High confidence
Since last quarter: No major change
Why
Compare with peers Weaker than most peers on:
- ▼ Operating margin
- ▼ ROIC
- ▼ ROA
Behind the score
Return on invested capital, operating margin, and return on assets.
Operating margin-218.1%
SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -7.12Sector median: 0.0631 · MAD: 0.0710Return on assets-6.8%
SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -2.68Sector median: 0.0293 · MAD: 0.0362Return on invested capital-68.0%
SEC filings · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.27Sector median: 0.0676 · MAD: 0.0857Other data (not scored)
Gross margin52.6%
Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632Return on equity-12.3%
Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889Risk
Debt, liquidity, price swingsLower
Lower relative risk
2/3 inputs reported · Partial data
Since last quarter: No major change
Why
Compare with peers Stronger than most peers on:
- ▲ Current ratio
- ▲ Debt / equity
Behind the score
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
BetaUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.8710 · MAD: 0.3700Current ratio14.43×
Yahoo FinanceOutlier capped at sector 5th/95th percentile33% base weight · Z-score 8.42Sector median: 1.8295 · MAD: 0.6848Debt / equity0.01×
Yahoo FinanceReported value33% base weight · Z-score 1.04Sector median: 0.2495 · MAD: 0.2270Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about SEALSQ
- Is SEALSQ getting weaker?
- Its latest SEC filing (Mar 31, 2026) showed no major changes. Its overall score is unchanged at 62/100 since Oct 28, 2026.
- How is SEALSQ valued vs its peers?
- Insufficient data: 1 of 3 inputs reported (at least 2 needed).
- Is SEALSQ growing?
- Yes, faster than most of its peers. Growth scores 83/100 against 1,711 technology peers. Revenue growth 66.2% vs a peer median of 8.5% (stronger than 95% of peers).Revenue growth 66.2% vs peers 8.5% (stronger than 95% of peers). 3-year revenue growth -7.7% vs a peer median of 4.8% (weaker than 85% of peers).3-year revenue growth -7.7% vs peers 4.8% (weaker than 85% of peers).
- How profitable is SEALSQ?
- Less profitable than most of its peers. Profitability scores 3/100 against 1,711 technology peers. Operating margin -218.1% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -218.1% vs peers 6.3% (weaker than 100% of peers).
- How risky is SEALSQ?
- Lower risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 14.43× vs a peer median of 1.83× (stronger than 95% of peers).Current ratio 14.43× vs peers 1.83× (stronger than 95% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Dec 31, 2025 · filed Mar 31, 2026 · compared with the quarter ended Jun 30, 2025No major changes
Worth watching: SEALSQ is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
| Previous quarter | Latest quarter | Change | |
|---|---|---|---|
| Revenue (12 months) | 11.0M USD | 18.3M USD | +66.3% |
| Net income (12 months) | −30.4M USD | −34.2M USD | +12.3% |
| Operating margin | -269.1% | -218.1% | +51.0 pts |
| Free cash flow (12 months) | −18.9M USD | −32.0M USD | +69.0% |
| Cash | 120.9M USD | 417.7M USD | +245.3% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Financials
Fiscal years from SEC annual filings · change vs the prior year| Key ratios | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | Change |
|---|---|---|---|---|---|---|
| Gross margin | 42.1% | 42.2% | 46.7% | 33.9% | 47.3% | ▲ 13 pts |
| Operating margin | -29.7% | 11.1% | -13.8% | -156.6% | -218.1% | ▼ 62 pts |
| Net margin | -28.4% | 24.9% | -10.9% | -193.1% | -187.3% | ▲ 5.7 pts |
| Return on assets (ROA) | -40.8% | 26.6% | -11.7% | -21.7% | -6.8% | ▲ 15 pts |
| Return on equity (ROE) | — | — | -69.0% | -27.7% | -7.4% | ▲ 20 pts |
| Free cash flow margin | -20.0% | 0.6% | -19.2% | -97.4% | -175.3% | ▼ 78 pts |
| Current ratio | 1.06× | 1.52× | 2.32× | 5.51× | 15.92× | ▲ 189% |
| Quick ratio | 0.71× | 0.81× | 1.72× | 5.42× | 15.85× | ▲ 192% |
| Debt to equity | — | — | 0.59× | 0.06× | 0.01× | ▼ 92% |
| Interest coverage | -30.19× | 7.28× | -847.87× | -1180.46× | -593.77× | ▲ 50% |
LAES price history
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