LAES SEALSQ Corp - Ordinary Shares
NASDAQ · Semiconductors · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Mar 31, 2026
$2.37
· of 52w range
· above low
· to high
$1.9952w low
$8.7152w high
Market Cap
$454M
EPS
$-0.60
Revenue
$18M
your badges
52W Range
$2–$9
Analyst Rating
BUY
Price Target
$6
P/E
·
ROE
-12.7%
Net Profit Margin
-187.3%
Your badge strip is empty — pin a metric anywhere on this page.
LAES Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.37
Market Cap
$454M
EPS
$-0.60
Revenue
$18M
ROE
-12.7%
Debt/Equity
0.0
52W Range
$2–$9
LAES Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$18M2020-12-31 → 2025-12-31
EPS$-0.602020-12-31 → 2024-12-31
Free Cash Flow$-32M2022-12-31 → 2025-12-31
Net margin-187.3%2022-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | LAES | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/S | 24.95Y avg ≈32.1 | ≈32.1 | · | · | |
| P/B | 1.05Y avg ≈4.5 | ≈4.5 | · | · | |
| EV / EBITDA | -0.7 | · | · | · | |
| Price / FCF | -14.25Y avg ≈-26.0 | ≈-26.0 | · | · | |
| Price / Cash Flow | -14.55Y avg ≈-28.2 | ≈-28.2 | · | · | |
| EV / Revenue | 1.6 | · | · | · | |
| EV / FCF | -0.9 | · | · | · | |
| Price / Tangible Book | 1.05Y avg ≈4.6 | ≈4.6 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | LAES | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 47.3%5Y avg ≈42.6% | ≈42.6% | · | · | |
| Operating Margin | -218.0%5Y avg ≈-94.3% | ≈-94.3% | · | · | |
| EBITDA Margin | -218.0%5Y avg ≈-94.3% | ≈-94.3% | · | · | |
| Pretax Margin | -187.4%5Y avg ≈-87.9% | ≈-87.9% | · | · | |
| Net Profit Margin | -187.3%5Y avg ≈-91.6% | ≈-91.6% | · | · | |
| ROA | -11.4%5Y avg ≈-6.0% | ≈-6.0% | · | · | |
| ROE | -12.7%5Y avg ≈-68.8% | ≈-68.8% | · | · | |
| ROIC | -8.5%5Y avg ≈665.7% | ≈665.7% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | LAES | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | · | · | · | |
| Current Ratio | 15.95Y avg ≈6.4 | ≈6.4 | · | · | |
| Quick Ratio | 15.65Y avg ≈5.8 | ≈5.8 | · | · | |
| Long-Term Debt / Equity | 0.0 | · | · | · | |
| Interest Coverage | -460.2 | · | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | LAES | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.7 | ≈0.7 | · | · | |
| Inventory Turnover | 5.65Y avg ≈3.2 | ≈3.2 | · | · | |
| Receivables Turnover | 2.25Y avg ≈5.6 | ≈5.6 | · | · | |
| Revenue / Employee | ≈$98.7K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $18M | $11M | $30M | $23M | $17M | |
| Cost of Revenue | $10M | $7M | $16M | $13M | $10M | |
| Gross Profit | $9M | $4M | $14M | $10M | $7M | |
| R&D Expense | $12M | $5M | $4M | $2M | $3M | |
| SG&A Expense | $26M | $11M | $9M | $3M | $5M | |
| Operating Expenses | $48M | $21M | $18M | $7M | $12M | |
| Operating Income | $-40M | $-17M | $-4M | $3M | $-5M | |
| Interest Expense | $86.5K | $14.6K | $4.9K | · | · | |
| Pretax Income | $-34M | $-18M | $-3M | $3M | $-5M | |
| Income Tax | $-162.0K | $3M | $225.0K | $-3M | $6.0K | |
| Net Income | $-34M | $-21M | $-3M | $6M | $-5M | |
| EPS (Basic) | · | $-0.60 | $-0.21 | $0.41 | $-0.34 | |
| EPS (Diluted) | · | $-0.60 | $-0.21 | $0.41 | $-0.34 | |
| Shares (Basic) | · | 27,749,590 | 7,799,766 | 6,610,293 | 6,610,293 | |
| Shares (Diluted) | · | 27,749,590 | 7,799,766 | 6,610,293 | 6,610,293 | |
| EBITDA | $-40M | $-17M | $-4M | $3M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $418M | $85M | $7M | $4M | $2M | |
| Short-term Investments | $10M | · | · | · | · | |
| Receivables | $13M | $4M | $5M | $2M | $3M | |
| Inventory | $2M | $1M | $5M | $8M | $3M | |
| Prepaid Expense | $880.0K | $355.0K | $605.0K | $394.0K | $454.0K | |
| Other Current Assets | $2M | $593.0K | $765.0K | $1M | $414.0K | |
| Current Assets | $450M | $93M | $20M | $16M | $8M | |
| PP&E (Net) | $4M | $3M | $3M | $782.0K | $886.0K | |
| PP&E (Gross) | $18M | $17M | $16M | $13M | $13M | |
| Accum. Depreciation | $14M | $14M | $13M | $13M | $12M | |
| Goodwill | $6M | · | · | · | · | |
| Intangibles | $21M | · | · | $1.0K | $5.0K | |
| Other Non-current Assets | $251.0K | $82.0K | $83.0K | $77.0K | $82.0K | |
| Total Assets | $504M | $98M | $28M | $22M | $12M | |
| Accounts Payable | $17M | $10M | $7M | $7M | $7M | |
| Short-term Debt | $689.0K | $5M | $1M | · | · | |
| Current Liabilities | $28M | $17M | $9M | $11M | $8M | |
| Capital Leases | $6M | $616.0K | $893.0K | $988.0K | $1M | |
| Deferred Tax | $4M | · | · | · | · | |
| Other Non-current Liabilities | $1M | · | · | · | · | |
| Total Liabilities | $43M | $21M | $23M | $21M | $25M | |
| Long-term Debt | $1M | · | · | · | · | |
| Total Debt | $2M | $5M | · | · | · | |
| Common Stock | · | $1M | $154.0K | $75.0K | $2M | |
| Paid-in Capital | $535M | $117M | $25M | $17M | $7M | |
| Retained Earnings | $-76M | $-42M | $-21M | $-17M | $-23M | |
| AOCI | $852.0K | $758.0K | $784.0K | $775.0K | $621.0K | |
| Stockholders' Equity | $462M | $76M | $5M | $212.0K | $-14M | |
| Liabilities + Equity | $504M | $98M | $28M | $22M | $12M | |
| Shares Outstanding | 191,525,129 | 100,039,519 | 15,446,807 | 7,501,400 | 1,298,162 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Stock-based Comp | $11M | $148.0K | · | · | · | |
| Deferred Tax | · | $3M | · | · | $6.0K | |
| Amort. of Intangibles | $2M | · | $1.0K | $4.0K | $5.0K | |
| Operating Cash Flow | $-31M | $-10M | $-3M | $446.0K | $-3M | |
| CapEx | $743.0K | $571.0K | $3M | $299.0K | $36.0K | |
| Investing Cash Flow | $-35M | $-571.0K | $-3M | $-299.0K | $-36.0K | |
| Stock Issued | $429M | $60M | · | · | · | |
| Net Stock Activity | $429M | $60M | · | · | · | |
| Financing Cash Flow | $400M | $88M | $9M | $2M | $3M | |
| Net Change in Cash | $333M | $78M | $3M | $2M | $234.0K | |
| Taxes Paid | $6.0K | $4.0K | · | $4.0K | · | |
| Free Cash Flow | $-32M | $-12M | $-6M | $-2M | · | |
| Levered FCF | $-32M | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 47.3% | 34.0% | 46.7% | 42.2% | · | |
| Operating Margin | -218.0% | -156.5% | -13.8% | 11.1% | · | |
| Net Margin | -187.3% | -193.1% | -10.9% | 24.9% | · | |
| Pretax Margin | -187.4% | -165.0% | -10.1% | 10.9% | · | |
| EBITDA Margin | -218.0% | -156.5% | -13.8% | 11.1% | · | |
| ROA | -11.4% | -33.8% | -13.2% | 34.4% | · | |
| ROE | -12.7% | -51.3% | -124.7% | -86.4% | · | |
| ROIC | -8.5% | -24.3% | -88.4% | 2784.2% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 15.9 | 6.0 | 2.3 | 1.5 | · | |
| Quick Ratio | 15.6 | 5.7 | 1.4 | 0.6 | · | |
| Debt / Equity | 0.0 | 0.1 | · | · | · | |
| LT Debt / Equity | 0.0 | · | · | · | · | |
| Interest Coverage | -460.2 | · | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.2 | 1.2 | 1.4 | · | |
| Inventory Turnover | 5.6 | 2.0 | 2.4 | 2.6 | · | |
| Receivables Turnover | 2.2 | 2.5 | 8.3 | 9.6 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Book Value / Share | $2.41 | $0.78 | $0.33 | $0.14 | · | |
| Revenue / Share | · | $0.40 | $3.85 | $15.75 | · | |
| Cash Flow / Share | · | $-0.40 | $-0.39 | $-1.05 | · | |
| Cash / Share | $2.18 | $0.85 | $0.45 | $2.75 | · | |
| EPS (TTM) | · | $-0.60 | $-0.21 | $0.41 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $18M | $11M | $30M | $23M | · | |
| Net Income TTM | $-34M | $-21M | $-3M | $6M | · | |
| Market Cap | $724M | $615M | $20M | · | · | |
| Enterprise Value | $298M | $535M | · | · | · | |
| P/E | · | -10.2 | -6.1 | · | · | |
| P/S | 39.7 | 56.0 | 0.7 | · | · | |
| P/B | 1.6 | 7.9 | 3.9 | · | · | |
| P / Tangible Book | 1.7 | 8.0 | 4.2 | · | · | |
| P / Cash Flow | -23.2 | -54.9 | -6.5 | · | · | |
| P / FCF | -22.6 | -52.2 | -3.3 | · | · | |
| EV / EBITDA | -7.5 | -31.1 | · | · | · | |
| EV / FCF | -9.3 | -45.5 | · | · | · | |
| EV / Revenue | 16.3 | 48.8 | · | · | · | |
| Earnings Yield | · | -9.8% | -16.4% | · | · |
Per Share
| Metric | Trend | Q4 2022 |
|---|---|---|
| EPS (TTM) | $0.41 |
Valuation (TTM)
| Metric | Trend | Q4 2022 |
|---|---|---|
| Revenue TTM | $23M | |
| Net Income TTM | $6M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $18M | $11M | $30M | $23M | $17M |
| Gross Margin % | 47.3% | 34.0% | 46.7% | 42.2% | · |
| Operating Margin % | -218.0% | -156.5% | -13.8% | 11.1% | · |
| Net Income | $-34M | $-21M | $-3M | $6M | $-5M |
| Diluted EPS | · | $-0.60 | $-0.21 | $0.41 | $-0.34 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.1 | · | · | · |
| Current Ratio | 15.9 | 6.0 | 2.3 | 1.5 | · |
| Quick Ratio | 15.6 | 5.7 | 1.4 | 0.6 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-32M | $-12M | $-6M | $-2M | · |
Institutional owners (13F) 123 filers · $148.2M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
123
Value held
$148.2M
New positions
38
Exited positions
15
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 38 (+23 vs prior Q) | 15 (-6 vs prior Q) | 45 (+17 vs prior Q) | 20 (-15 vs prior Q) | -1.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $39,140,010 | 12,425,400 | 26.41% | Call option |
| JANE STREET GROUP, LLC | $32,269,860 | 10,244,400 | 21.77% | Call option |
| CITADEL ADVISORS LLC | $21,570,570 | 6,847,800 | 14.55% | Call option |
| PEAK6 LLC | $12,712,140 | 4,035,600 | 8.58% | Call option |
| UBS Group AG | $4,288,633 | 1,361,471 | 2.89% | Shares |
| Bank of New York Mellon Corp | $3,913,231 | 1,242,296 | 2.64% | Shares |
| TWO SIGMA INVESTMENTS, LP | $3,474,538 | 1,103,028 | 2.34% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,073,770 | 975,800 | 2.07% | Put option |
| Kessler Investment Group, LLC | $3,072,693 | 975,458 | 2.07% | Shares |
| BARCLAYS PLC | $1,732,500 | 550,000 | 1.17% | Put option |
| BARCLAYS PLC | $1,620,851 | 514,556 | 1.09% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,527,463 | 484,909 | 1.03% | Shares |
| Man Group plc | $1,156,869 | 367,260 | 0.78% | Shares |
| SBI Securities Co., Ltd. | $1,042,675 | 331,008 | 0.70% | Shares |
| CITADEL ADVISORS LLC | $1,042,650 | 331,000 | 0.70% | Put option |
| TUDOR INVESTMENT CORP ET AL | $1,025,955 | 325,700 | 0.69% | Call option |
| XTX Topco Ltd | $1,018,234 | 323,249 | 0.69% | Shares |
| WIM INVESTMENT MANAGEMENT Ltd | $723,240 | 229,600 | 0.49% | Shares |
| GOLDMAN SACHS GROUP INC | $679,770 | 215,800 | 0.46% | Shares |
| Headlands Technologies LLC | $629,965 | 199,989 | 0.43% | Shares |
| Squarepoint Ops LLC | $566,540 | 179,854 | 0.38% | Shares |
| Vident Advisory, LLC | $537,869 | 170,752 | 0.36% | Shares |
| WOLVERINE TRADING, LLC | $527,425 | 144,500 | 0.36% | Call option |
| JANE STREET GROUP, LLC | $517,860 | 164,400 | 0.35% | Put option |
| LPL Financial LLC | $502,255 | 159,446 | 0.34% | Shares |
| CITIGROUP INC | $499,184 | 158,471 | 0.34% | Shares |
| BlackRock, Inc. | $479,345 | 152,173 | 0.32% | Shares |
| NORTHERN TRUST CORP | $390,168 | 123,863 | 0.26% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $366,480 | 116,343 | 0.25% | Shares |
| Virtue Capital Management, LLC | $352,800 | 112,000 | 0.24% | Shares |
| Caitong International Asset Management Co., Ltd | $348,151 | 110,524 | 0.23% | Shares |
| PEAK6 LLC | $345,111 | 109,559 | 0.23% | Shares |
| BANK OF AMERICA CORP /DE/ | $321,319 | 102,006 | 0.22% | Shares |
| STATE STREET CORP | $318,465 | 101,100 | 0.21% | Shares |
| Finer Wealth Management, Inc. | $316,421 | 100,451 | 0.21% | Shares |
| WINTON GROUP Ltd | $307,125 | 97,500 | 0.21% | Shares |
| RAYMOND JAMES FINANCIAL INC | $295,983 | 93,963 | 0.20% | Shares |
| SIG BROKERAGE, LP | $286,965 | 91,100 | 0.19% | Call option |
| GEODE CAPITAL MANAGEMENT, LLC | $266,345 | 84,554 | 0.18% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $237,504 | 75,398 | 0.16% | Shares |
| MYDA Advisors LLC | $236,250 | 75,000 | 0.16% | Shares |
| MORGAN STANLEY | $236,168 | 74,974 | 0.16% | Shares |
| Tyche Wealth Partners LLC | $228,690 | 72,600 | 0.15% | Shares |
| True Vision MN LLC | $223,025 | 85,124 | 0.15% | Shares |
| Quadrature Capital Ltd | $208,713 | 66,258 | 0.14% | Shares |
| Curbstone Financial Management Corp | $189,000 | 60,000 | 0.13% | Shares |
| WOLVERINE TRADING, LLC | $169,725 | 46,500 | 0.11% | Put option |
| COMMONWEALTH EQUITY SERVICES, LLC | $167,400 | 53,142 | 0.11% | Shares |
| McGuire Investment Group, LLC | $157,654 | 50,049 | 0.11% | Shares |
| JPMORGAN CHASE & CO | $152,517 | 47,513 | 0.10% | Shares |
Company insiders 7 insiders · 6 officers · 3 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Carlos Moreira | Chief Executive Officer | June 5, 2026 S | 696,215 | 0 | 5 | $-112,267 |
| John Charles O'Hara | Chief Financial Officer | June 5, 2026 S | 250,431 | 0 | 22 | $-556,896 |
| Franck Jean Buonanno | Vice-President, Global Sales | May 14, 2026 S | 10,000 | 0 | 2 | $-81,500 |
| Jean-Pierre Enguent | Vice President, R&DSS | Sept. 1, 2026 M | 0 | 0 | 6 | $-247,800 |
| Moreira Andreas Feuardent | Chief Innovation Officer | April 7, 2026 M | 0 | 0 | 1 | $-23,100 |
| Nathalie Claude Odile Verjus | Company Secretary | March 18, 2026 S | 185,000 | 0 | 1 | $-15,150 |
| Peter Ward | Director | June 16, 2026 M | 270,531 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
LAES Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$5.88
+147.9%
2 25.0%
Strong Buy
5 62.5%
Buy
1 12.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-09-29Mean target $5.88 +147.9%
← Below all targets
Current price $2.37
Low$3.75
Mean$5.88
High$8.00
Latest News Recent headlines mentioning this company
Here’s Why SEALSQ (LAES) is Among the 15 Best Tech Stocks with Huge Upside Potential
Yahoo Finance · 3 months, 3 weeks ago
Quobly raises €130 million in Series A led by STMicroelectronics, SEALSQ
Yahoo Finance · 3 months, 4 weeks ago
SEALSQ (LAES) Releases Financial and Operational Metrics for Q1 2026
Yahoo Finance · 5 months, 1 week ago
SEALSQ Corp (LAES): One of the Popular Penny Stocks on Robinhood
Yahoo Finance · 6 months ago
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Source: SEC 20-F filed Mar 31, 2026