SQNS Sequans Communications S.A. American Depositary Shares (each representing one hundred (100) Ordinary Shares)
NYSE · Semiconductors · View on SEC EDGAR ↗ close Oct 5, 2026 10-K/10-Q May 11, 2026
$2.74
· of 52w range
· above low
· to high
$2.3852w low
$10.1952w high
P/E
-34.5
EPS
$-0.13
Revenue
$26M
your badges
52W Range
$2–$10
Analyst Rating
BUY
Price Target
$10
P/E
-34.5
ROE
-119.4%
Net Profit Margin
-415.1%
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SQNS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.74
P/E
-34.5
EPS
$-0.13
Revenue
$26M
ROE
-119.4%
52W Range
$2–$10
SQNS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Sept. 17, 2025 | 1-for-10 | Reverse |
| Oct. 9, 2024 | 1-for-2 | Reverse |
| Nov. 29, 2019 | 1-for-4 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$26M2016-12-31 → 2025-12-31
EPS$-0.132016-12-31 → 2025-12-31
Net margin-415.1%2017-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | SQNS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -34.55Y avg ≈-1421.7 | ≈-1421.7 | · | · |
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 | SQNS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 53.6% | · | · | · | |
| Operating Margin | -425.0% | · | · | · | |
| EBITDA Margin | -425.0% | · | · | · | |
| Pretax Margin | -412.0% | · | · | · | |
| Net Profit Margin | -415.1% | · | · | · | |
| ROA | -62.4%5Y avg ≈-16.2% | ≈-16.2% | · | · | |
| ROE | -119.4%5Y avg ≈465.6% | ≈465.6% | · | · | |
| ROIC | -88.3%5Y avg ≈74.2% | ≈74.2% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | SQNS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 0.35Y avg ≈1.0 | ≈1.0 | · | · | |
| Quick Ratio | 0.15Y avg ≈0.1 | ≈0.1 | · | · | |
| Interest Coverage | -9.05Y avg ≈-2.1 | ≈-2.1 | · | · |
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 | SQNS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.2 | · | · | · | |
| Inventory Turnover | 3.65Y avg ≈2.5 | ≈2.5 | · | · | |
| Revenue / Employee | ≈$153.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-42.7%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $-0.27 | $-0.35 | 22.1% | |
| March 31, 2026 | $-1.42 | $-0.46 | -209.4% | |
| Dec. 31, 2025 | $-1.19 | $-0.52 | -127.3% | |
| Sept. 30, 2025 | $-0.79 | $-1.33 | 40.4% | |
| June 30, 2025 | $-3.20 | $-3.16 | -1.2% | |
| March 31, 2025 | $-2.40 | $-2.96 | 18.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26M | $37M | $34M | · | · | · | · | · | $48M | $46M | $33M | |
| Cost of Revenue | $12M | $9M | $9M | $18M | $24M | $27M | $18M | $24M | $27M | $26M | $19M | |
| Gross Profit | $14M | $28M | $24M | $43M | $27M | $23M | $12M | $16M | $21M | $20M | $13M | |
| R&D Expense | $31M | $29M | $26M | $27M | $26M | $31M | $24M | $28M | $25M | $26M | $25M | |
| SG&A Expense | $12M | $14M | $16M | $10M | $10M | $9M | $9M | $10M | $7M | $6M | $5M | |
| Operating Income | $-112M | $70M | $-30M | $-4M | $-18M | $-25M | $-28M | $-32M | $-20M | $-20M | $-24M | |
| Interest Expense | $12M | $24M | $11M | $11M | $11M | $14M | $10M | $5M | $5M | $4M | $2M | |
| Interest Income | $51M | $18M | $5M | $14M | $12M | $3M | $2M | $2M | $2M | $2M | $2M | |
| Pretax Income | $-108M | $61M | $-38M | $-6M | $-20M | $-54M | $-38M | $-37M | $-26M | $-25M | $-27M | |
| Income Tax | $832.0K | $4M | $3M | $3M | $625.0K | $936.0K | $-783.0K | $-968.0K | $300.0K | $284.0K | $317.0K | |
| Net Income | $-109M | $58M | $-41M | $-9M | $-20M | $-55M | $-37M | $-36M | $-26M | $-25M | $-27M | |
| EPS (Basic) | $-0.13 | $0.23 | $-0.18 | $-0.05 | $-0.14 | $-0.48 | $-0.39 | $-0.39 | $-0.34 | $-0.39 | $-0.46 | |
| EPS (Diluted) | $-0.13 | $0.20 | $-0.18 | $-0.05 | $-0.14 | $-0.48 | $-0.39 | $-0.39 | $-0.34 | $-0.39 | $-0.46 | |
| Shares (Basic) | 867,366,665 | 248,290,190 | 225,183,996 | 184,587,104 | 146,691,784 | 112,432,988 | 95,008,518 | 93,767,005 | 77,668,404 | 63,805,442 | 59,144,905 | |
| Shares (Diluted) | 867,366,665 | 284,021,015 | 225,183,996 | 184,587,104 | 146,691,784 | 112,432,988 | 95,008,518 | 93,767,005 | 77,668,404 | 63,805,442 | 59,144,905 | |
| EBITDA | $-112M | $70M | $-30M | $-4M | $-18M | $-25M | $-28M | $-32M | $-20M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $13M | $9M | $6M | $6M | $5M | $8M | $14M | $12M | $3M | $20M | $8M | |
| Inventory | $4M | $3M | $6M | $9M | $6M | $6M | $7M | $8M | $7M | $9M | $4M | |
| Current Assets | $35M | $93M | $37M | $40M | $41M | $52M | $37M | $43M | $40M | $50M | $36M | |
| PP&E (Net) | · | · | $7M | $8M | $8M | $9M | $9M | $11M | $7M | $7M | $7M | |
| Goodwill | $4M | $0 | $0 | · | · | · | · | · | · | · | · | |
| Intangibles | $9M | $6M | $64M | $49M | $38M | $25M | $17M | $12M | $10M | $8M | $5M | |
| Total Assets | $244M | $107M | $109M | $99M | $90M | $87M | $63M | $63M | $57M | $65M | $49M | |
| Current Liabilities | $105M | $42M | $108M | $37M | $49M | $63M | $38M | $27M | $28M | $31M | $29M | |
| Retained Earnings | $-145M | $-36M | $-93M | $-65M | $-384M | $-363M | $-309M | $-272M | $-236M | $-210M | $-185M | |
| Stockholders' Equity | $128M | $55M | $-6M | $2M | $-24M | $-37M | $-29M | $-5M | $4M | $9M | $-1M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $-26M | $-20M | $-7M | $-2M | $-9M | $-19M | $5M | $-23M | $-29M | $-16M | $-16M | |
| Investing Cash Flow | $-211M | $94M | $-24M | $-26M | $-20M | $-25M | $-9M | $-9M | $-6M | $-5M | $-5M | |
| Financing Cash Flow | $242M | $-71M | $32M | $29M | $25M | $38M | $6M | $41M | $18M | $33M | $18M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.6% | · | · | · | · | · | · | · | 43.8% | · | · | |
| Operating Margin | -425.0% | · | · | · | · | · | · | · | -40.5% | · | · | |
| Net Margin | -415.1% | · | · | · | · | · | · | · | -54.2% | · | · | |
| Pretax Margin | -412.0% | · | · | · | · | · | · | · | -53.6% | · | · | |
| EBITDA Margin | -425.0% | · | · | · | · | · | · | · | -40.5% | · | · | |
| ROA | -62.4% | 53.4% | -39.4% | -9.6% | -22.9% | -72.4% | -58.3% | -60.6% | -42.8% | · | · | |
| ROE | -119.4% | 233.6% | 2066.6% | 81.2% | 66.3% | 164.2% | 214.3% | 7461.2% | -402.2% | · | · | |
| ROIC | -88.3% | 118.3% | 525.8% | -262.6% | 77.8% | 67.7% | 92.6% | 611.6% | -476.2% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.3 | 2.2 | 0.3 | 1.1 | 0.8 | 0.8 | 1.0 | 1.6 | 1.4 | · | · | |
| Quick Ratio | 0.1 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.4 | 0.4 | 0.1 | · | · | |
| Interest Coverage | -9.0 | 2.9 | -2.6 | -0.4 | -1.6 | -1.7 | -2.9 | -5.8 | -4.2 | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | · | · | · | · | · | · | · | 0.8 | · | · | |
| Inventory Turnover | 3.6 | 2.0 | 1.2 | 2.2 | 3.7 | 4.3 | 2.5 | 3.1 | 3.4 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $0.03 | · | · | · | · | · | · | · | $0.62 | · | · | |
| Cash Flow / Share | $-0.03 | $-0.07 | $-0.03 | $-0.01 | $-0.06 | $-0.17 | $0.05 | $-0.24 | $-0.37 | · | · | |
| EPS (TTM) | $-0.13 | $0.20 | $-0.18 | $-0.05 | $-0.14 | $-0.48 | $-0.39 | $-0.39 | $-0.34 | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $26M | $37M | $34M | · | · | · | · | · | $48M | · | · | |
| Net Income TTM | $-109M | $58M | $-41M | $-9M | $-20M | $-55M | $-37M | $-36M | $-26M | · | · | |
| P/E | -34.5 | 174.5 | -982.6 | -4150.0 | -2116.1 | -786.5 | -480.8 | -500.0 | -1404.4 | · | · | |
| Earnings Yield | -2.9% | 0.57% | -0.10% | -0.02% | -0.05% | -0.13% | -0.21% | -0.20% | -0.07% | · | · |
Per Share
| Metric | Trend | Q4 2016 | Q4 2015 | Q4 2014 | Q4 2013 | Q4 2012 | Q4 2011 |
|---|---|---|---|---|---|---|---|
| EPS (TTM) | $-0.39 | $-0.46 | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q4 2016 | Q4 2015 | Q4 2014 | Q4 2013 | Q4 2012 | Q4 2011 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $46M | $33M | · | · | · | · | |
| Net Income TTM | $-25M | $-27M | · | · | · | · | |
| P/E | -1198.7 | -1141.3 | · | · | · | · | |
| Earnings Yield | -0.08% | -0.09% | · | · | · | · |
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 | $26M | $37M | $34M | · | · |
| Gross Margin % | 53.6% | · | · | · | · |
| Operating Margin % | -425.0% | · | · | · | · |
| Net Income | $-109M | $58M | $-41M | $-9M | $-20M |
| Diluted EPS | $-0.13 | $0.20 | $-0.18 | $-0.05 | $-0.14 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 0.3 | 2.2 | 0.3 | 1.1 | 0.8 |
| Quick Ratio | 0.1 | 0.2 | 0.1 | 0.2 | 0.1 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 38 filers · $20.6M 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
38
Value held
$20.6M
New positions
11
Exited positions
11
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 11 (+5 vs prior Q) | 11 (+1 vs prior Q) | 6 (-6 vs prior Q) | 7 (-5 vs prior Q) | -3.1M |
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 |
|---|---|---|---|---|
| BRC Group Holdings, Inc. | $4,897,149 | 1,438,237 | 23.82% | Shares |
| Oasis Management Co Ltd. | $4,798,471 | 1,411,315 | 23.34% | Shares |
| DBA TRADING, LLC | $3,542,281 | 1,400,111 | 17.23% | Shares |
| CREDIT INDUSTRIEL ET COMMERCIAL | $1,360,000 | 400,000 | 6.61% | Shares |
| Lynrock Lake LP | $906,664 | 266,666 | 4.41% | Shares |
| MARSHALL WACE, LLP | $874,458 | 257,194 | 4.25% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $560,521 | 164,859 | 2.73% | Shares |
| Palogic Value Management, L.P. | $510,711 | 150,209 | 2.48% | Shares |
| JANE STREET GROUP, LLC | $416,616 | 122,534 | 2.03% | Shares |
| ODDO BHF ASSET MANAGEMENT SAS | $359,206 | 105,649 | 1.75% | Shares |
| Schonfeld Strategic Advisors LLC | $334,978 | 98,523 | 1.63% | Shares |
| UBS Group AG | $268,903 | 79,089 | 1.31% | Shares |
| CITADEL ADVISORS LLC | $216,998 | 63,823 | 1.06% | Shares |
| CITADEL ADVISORS LLC | $211,820 | 62,300 | 1.03% | Put option |
| MMCAP International Inc. SPC | $173,604 | 51,060 | 0.84% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $164,220 | 48,300 | 0.80% | Put option |
| JANE STREET GROUP, LLC | $157,080 | 46,200 | 0.76% | Call option |
| JANE STREET GROUP, LLC | $153,340 | 45,100 | 0.75% | Put option |
| Krilogy Financial LLC | $136,000 | 40,000 | 0.66% | Shares |
| Asset Management One Co., Ltd. | $104,330 | 41,237 | 0.51% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $88,315 | 25,975 | 0.43% | Shares |
| XTX Topco Ltd | $84,228 | 24,773 | 0.41% | Shares |
| CITADEL ADVISORS LLC | $69,020 | 20,300 | 0.34% | Call option |
| SmartHarvest Portfolios, LLC | $54,169 | 15,932 | 0.26% | Shares |
| Worth Venture Partners, LLC | $47,600 | 14,000 | 0.23% | Shares |
| GROUP ONE TRADING LLC | $40,868 | 12,020 | 0.20% | Shares |
| OSAIC HOLDINGS, INC. | $15,717 | 4,626 | 0.08% | Shares |
| GAMMA Investing LLC | $9,585 | 2,819 | 0.05% | Shares |
| Arax Advisory Partners | $1,391 | 409 | 0.01% | Shares |
| MORGAN STANLEY | $1,221 | 359 | 0.01% | Shares |
| RHUMBLINE ADVISERS | $642 | 189 | 0.00% | Shares |
| GSA CAPITAL PARTNERS LLP | $268 | 78,719 | 0.00% | Shares |
| Steward Partners Investment Advisory, LLC | $160 | 47 | 0.00% | Shares |
| Rockefeller Capital Management L.P. | $136 | 40 | 0.00% | Shares |
| Caitong International Asset Management Co., Ltd | $68 | 20 | 0.00% | Shares |
| Federation des caisses Desjardins du Quebec | $65 | 19 | 0.00% | Shares |
| HRT FINANCIAL LP | $36 | 10,696 | 0.00% | Shares |
| FNY Investment Advisers, LLC | $23 | 6,800 | 0.00% | Shares |
Activists & 5%+ owners 10 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| 272 Capital LP, Wes Cummins | July 11, 2025 | 2.80% | Amendment | · | SEC |
| Bpifrance Participations S.A., Caisse des depots et consignations, EPIC Bpifrance, Bpifrance S.A. | May 21, 2025 | 4.50% | Amendment | Passive investment | SEC |
| B. Riley Asset Management, LLC, Wes Cummins ×4 filings | Oct. 27, 2023 | · | Initial filing | M&A / sale | SEC |
| Caisse des Dépôts, Bpifrance Participations S.A., Bpifrance S.A., EPIC Bpifrance ×4 filings | Aug. 29, 2023 | · | Initial filing | Passive investment | SEC |
| North Sound Trading, LP, North Sound Management, Inc., Brian Miller ×4 filings | Jan. 13, 2021 | · | Initial filing | · | SEC |
| Nokomis Capital, L.L.C., Brett Hendrickson ×9 filings | Oct. 6, 2020 | · | Initial filing | Passive investment | SEC |
| Caisse des Dépôts (formerly known as “Caisse des Dépôts et Consignations (CDC)”), Bpifrance Participations S.A., Bpifrance S.A.(formerly known as “BPI-Groupe (bpifrance)”), EPIC Bpifrance (formerly known as “EPIC BPI-Groupe”) ×2 filings | April 3, 2020 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Sept. 20, 2016 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 24, 2015 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 2, 2013 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 3 insiders · 2 officers · 1 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Georges M. Karam | CEO | April 28, 2026 A | 11,472,772 | 0 | 0 | $0 |
| Bertrand Debray | Chief of Staff | May 7, 2026 A | 2,757,518 | 0 | 1 | $-2,498,964 |
| Daniel Asher | · | Jan. 26, 2026 P | 140,011,100 | 10 | 0 | $1,194,030 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
SQNS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 10 analysts
BUY
Median target
$7.50
+173.7%
2 20.0%
Strong Buy
7 70.0%
Buy
1 10.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
4 analysts · 2026-09-29Mean target $10.00 +265.0%
← Below all targets
Current price $2.74
Low$5.00
Mean$10.00
High$20.00
Latest News Recent headlines mentioning this company
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Source: SEC 20-F filed May 11, 2026