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NASDAQ · Technology

SEALSQ Corp (LAES)

SEALSQ Corp reported revenue of $18.3M in fiscal 2025, up 66.2% from a year earlier. It posted a net loss of $34.2M. In fiscal 2025 capital spending exceeded operating cash flow by $32M. At December 31, 2025 it held $417.7M in cash against $1.7M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 31, 2026.

Free, no password. An email when LAES files with the SEC.

Price
$1.46
+0.69% on the day · November 10, 2026
52-week range $1.20 to $5.86
Market cap
$325.3M
Revenue (FY2025)
$18.3M
+66.2% year on year
Net margin
-187.3%

Key facts about SEALSQ Corp

Net worth
SEALSQ Corp has a market value (market cap) of $325.3M at the latest share price, and shareholders' equity of $461.5M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $18.3M (+66.2% year on year), with a net loss of $34.2M.
Cash flow
In fiscal 2025 operations used $31.3M of cash.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 31, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What SEALSQ Corp does

SEALSQ Corp is registered with the SEC under industry code SIC 3674 (Semiconductors & Related Devices). Its shares trade on NASDAQ under the ticker LAES.

Revenue and profit by year

Revenue
FY20: $14.3M $14.3M FY20FY22: $17M $17M FY22FY22: $23.2M $23.2M FY22FY23: $30.1M $30.1M FY23FY24: $11M $11M FY24FY25: $18.3M $18.3M FY25
Net income
FY20: -$9.2M -$9.2M FY20FY22: -$4.8M -$4.8M FY22FY22: $5.8M $5.8M FY22FY23: -$3.3M -$3.3M FY23FY24: -$21.2M -$21.2M FY24FY25: -$34.2M -$34.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$18.3M-$39.8M-$34.2Mn/a-$32M
2024$11M-$17.2M-$21.2M-$0.60-$10.7M
2023$30.1M-$4.1M-$3.3M-$0.21-$5.8M
2022$23.2M$2.6M$5.8M$0.41$147K
2022$17M-$5M-$4.8M-$0.34-$3.4M
2020$14.3M-$8.6M-$9.2M-$0.65-$3.1M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where LAES ranks in Technology

Revenue$18.3M
#559 of 751 in Technology · Bottom 26%
Revenue growth+66.2%
#48 of 604 in Technology · Top 8%
Net margin-187.3%
#594 of 611 in Technology · Bottom 3%
Free cash flow margin-175.3%
#555 of 568 in Technology · Bottom 2%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Latest SEC filings

What SEALSQ Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. October 28, 2026
  2. October 27, 2026
  3. October 16, 2026
  4. October 16, 2026
  5. October 14, 2026
  6. October 14, 2026
  7. October 2, 2026
  8. September 25, 2026
  9. September 25, 2026
  10. September 14, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 3, 2026. Insider transactions on SEC

Insider trades

What the people running SEALSQ Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $170.3K worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$0
last 90 days
Sold
$170.3K
last 90 days
Net sold
85,000
$170.3K
DateInsiderWhatSharesPriceValueFiling
November 3, 2026 Enguent Jean-PierreVice President, R&DSS Soldpre-planned (10b5-1) 35,000 $1.38 $48.3K Form 4
November 2, 2026 Enguent Jean-PierreVice President, R&DSS Exercised options 15,000 $0.01 $150 Form 4
November 2, 2026 Enguent Jean-PierreVice President, R&DSS Exercised options 20,000 $0.01 $200 Form 4
October 6, 2026 Enguent Jean-PierreVice President, R&DSS Soldpre-planned (10b5-1) 35,000 $2.46 $85.9K Form 4
October 5, 2026 Enguent Jean-PierreVice President, R&DSS Exercised options 35,000 $0.01 $350 Form 4
September 3, 2026 Enguent Jean-PierreVice President, R&DSS Soldpre-planned (10b5-1) 15,000 $2.40 $36K Form 4
September 1, 2026 Enguent Jean-PierreVice President, R&DSS Exercised options 15,000 $0.01 $150 Form 4
August 5, 2026 Enguent Jean-PierreVice President, R&DSS Soldpre-planned (10b5-1) 15,000 $2.46 $36.9K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns LAES

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
CVI Investments, Inc.13G, passive with 1 related filers 9.9% 24,377,058 May 15, 2026
Susquehanna Securities, LLC13G, passive 5.4% 12,134,793 May 15, 2026

Latest filings below 5%: Anson Funds Management LP 4.9% (August 14, 2026); L1 Capital Global Opportunities Master Fund, Ltd. 0% (February 13, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 109 managers reported a position.

HolderSharesValueChange on quarter
UBS Group AG1,361,471$4.3M+428,080
Bank of New York Mellon Corp1,242,296$3.9M+1,124,462
Two Sigma Investments, LP1,103,028$3.5Mnew
Kessler Investment Group, LLC975,458$3.1M-18,321
Barclays PLC514,556$1.6Mnew
Tudor Investment Corp ET AL484,909$1.5Mnew
Man Group plc367,260$1.2Mnew
SBI Securities Co., Ltd.331,008$1M+77,693
XTX Topco Ltd323,249$1M+269,453
WIM INVESTMENT MANAGEMENT Ltd229,600$723.2Knew
Goldman Sachs Group Inc215,800$679.8K+141,893
Headlands Technologies LLC199,989$630Knew
Squarepoint Ops LLC179,854$566.5K+99,924
Vident Advisory, LLC170,752$537.9K+9,272
LPL Financial LLC159,446$502.3K+88,908
Citigroup Inc158,471$499.2K+99,478
BlackRock, Inc.152,173$479.3K+126,599
Northern Trust Corp123,863$390.2Knew
Zurcher Kantonalbank (Zurich Cantonalbank)116,343$366.5K+63,956
Virtue Capital Management, LLC112,000$352.8K-3,000

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

5 insiders reported holding 1,412,177 shares in total, about $2.1M at the last price.

HolderSharesAs of
Moreira CarlosChief Executive Officer, Director 696,215 June 5, 2026
Ward PeterDirector 270,531 June 16, 2026
O'Hara John CharlesChief Financial Officer, Director 250,431 June 5, 2026
Verjus Nathalie Claude OdileCompany Secretary 185,000 March 18, 2026
Buonanno Franck JeanVice-President, Global Sales 10,000 May 14, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about LAES

What does SEALSQ Corp do?

SEALSQ Corp is a company in the Technology sector, listed on NASDAQ as LAES. Its shares trade on NASDAQ under the ticker LAES.

What is SEALSQ Corp's net worth?

SEALSQ Corp has a market value (market cap) of $325.3M at the latest share price, and shareholders' equity of $461.5M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is SEALSQ Corp profitable?

No. In fiscal 2025 it reported a net loss of $34.2M on revenue of $18.3M.

How much revenue does SEALSQ Corp make?

In fiscal 2025 SEALSQ Corp reported revenue of $18.3M. That is 66.2% more than a year earlier.

When did SEALSQ Corp last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 31, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from November 3, 2026.

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Where the numbers come from

Financial figures are the values SEALSQ Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.