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SEALSQ Corp
(NASDAQ:LAES)
SEALSQ Corp (LAES) vs. SPDR S&P 500 ETF (SPY)
SEALSQ Corp Business Overview & Revenue Model
SEALSQ Corp Earnings Call Summary
SEALSQ Corp Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.65M | 10.98M | 30.06M | 23.20M | 18.59M | 15.25M |
| Gross Profit | 5.09M | 3.73M | 14.05M | 9.80M | 7.15M | 5.43M |
| EBITDA | -30.98M | -15.84M | -1.49M | 3.71M | -3.12M | -6.75M |
| Net Income | -35.17M | -21.20M | -3.27M | 5.77M | -4.83M | -9.20M |
Balance Sheet | ||||||
| Total Assets | 142.02M | 97.57M | 27.93M | 21.66M | 11.84M | 13.43M |
| Cash, Cash Equivalents and Short-Term Investments | 120.94M | 84.62M | 6.89M | 4.06M | 2.06M | 1.83M |
| Total Debt | 6.37M | 8.88M | 15.38M | 14.12M | 17.77M | 14.92M |
| Total Liabilities | 23.89M | 19.70M | 22.90M | 21.45M | 25.41M | 22.81M |
| Stockholders Equity | 118.13M | 77.86M | 5.03M | 212.00K | -13.56M | -9.37M |
Cash Flow | ||||||
| Free Cash Flow | -22.34M | -11.78M | -6.06M | -1.85M | -3.63M | -3.08M |
| Operating Cash Flow | -21.25M | -11.21M | -3.04M | -1.55M | -3.59M | -3.02M |
| Investing Cash Flow | -2.99M | -571.00K | -3.02M | -299.00K | -36.00K | 163.00K |
| Financing Cash Flow | 142.05M | 89.48M | 8.92M | 3.75M | 3.69M | 2.81M |
SEALSQ Corp Technical Analysis
SEALSQ Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $1.30B | 172.89 | 0.98% | 2.25% | 0.96% | -85.27% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $1.32B | 10.60 | 101.23% | ― | 0.19% | ― | |
54 Neutral | $775.36M | -18.93 | -5.94% | ― | 16.86% | -26.89% | |
52 Neutral | $615.20M | ― | -4.22% | ― | 5.55% | -239.94% | |
50 Neutral | $763.64M | -8.59 | -45.62% | ― | -44.30% | 16.42% | |
49 Neutral | $852.17M | -5.19 | -34.90% | ― | -4.99% | -12.11% |
SEALSQ Corp Corporate Events
In a December 18, 2025 filing, SEALSQ Corp reported strong market traction for its post-quantum secure chip, the “Quantum shield – QS7001,” and related Qvault TPM product, highlighting expanding deployments and pilot programs across North America, Europe and Asia Pacific. The company said it is deepening collaboration with industry consortia, integrators and standards bodies, and is now in commercial discussions with up to 115 potential customers, which has helped expand its pipeline of opportunities for QS7001 and Qvault TPM to an estimated $49.8 million for 2026–2028, up sharply from about $11.4 million a year earlier; these quantum-resilient offerings now sit within a broader total company pipeline estimated at $200 million over the same period, underscoring accelerating demand for quantum-resistant security solutions and reinforcing SEALSQ’s positioning in the emerging post-quantum cybersecurity market.
The most recent analyst rating on (LAES) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On December 10, 2025, SEALSQ Corp announced a significant increase in its Quantum Investment Fund from $35 million to over $100 million. This expansion aims to accelerate advancements in quantum-resilient technologies and secure communications. The company has made strategic investments in various countries, including Spain, Switzerland, France, and the United States, to enhance its capabilities in quantum-ready silicon, secure global communications, and blockchain identity systems. These investments are expected to strengthen SEALSQ’s position in the quantum technology industry and bolster secure communication infrastructure across Europe and beyond.
The most recent analyst rating on (LAES) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
SEALSQ Corp has appointed Dr. Ballester Lafuente as Chief of Staff and Group AI Officer, effective November 17, 2025. Dr. Lafuente will lead AI integration across SEALSQ’s entities, aiming to enhance operational efficiency and innovation. His extensive background in IT innovation and digital trust initiatives positions him to drive SEALSQ’s strategic AI initiatives, potentially strengthening the company’s market position and operational capabilities.
The most recent analyst rating on (LAES) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
SEALSQ Corp, a company incorporated in the British Virgin Islands with its principal executive office in Switzerland, announced the resignation of Dr. Hossein Rahnama from its board of directors, effective October 28, 2025. The resignation was not due to any disagreement with the board or the company. The board has decided not to appoint a new independent director until the next annual general meeting, which may impact the company’s governance structure in the interim.
The most recent analyst rating on (LAES) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On November 18, 2025, SEALSQ Corp reaffirmed its preliminary unaudited financial metrics for the nine months ending September 30, 2025, reporting a 41% increase in revenue to $9.9 million compared to the previous year. This growth was driven by renewed demand for traditional products and revenue from IC’ALPS following its acquisition. SEALSQ also announced the launch of WISeSat 3.0 PQC and the upcoming Quantum Shield QS7001™, as well as the establishment of a U.S.-based Post-Quantum Root of Trust, enhancing its Made in the USA strategy to support American enterprises and government agencies.
The most recent analyst rating on (LAES) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On November 18, 2025, SEALSQ Corp reaffirmed its 2025 revenue guidance and projected significant growth for 2026, driven by increased demand and strategic acquisitions. The company reported a strong financial position with over $430 million in cash, supporting its global expansion and leadership in the quantum-security ecosystem. SEALSQ’s recent acquisition of IC’Alps and the launch of new post-quantum products are expected to enhance its market position and meet the rising demand for quantum-resistant security solutions.
The most recent analyst rating on (LAES) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
SEALSQ Corp, a company incorporated in the British Virgin Islands with its principal executive office in Switzerland, has received approval from Nasdaq to transfer its listing from The Nasdaq Capital Market to The Nasdaq Global Select Market. This transition, effective from October 27, 2025, signifies a strategic move for SEALSQ Corp, potentially enhancing its visibility and credibility in the financial markets. The company’s shares will continue to trade under the ticker symbol ‘LAES’, indicating stability for current stakeholders.
The most recent analyst rating on (LAES) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On October 15, 2025, SEALSQ Corp announced the pricing of a $94.8 million registered offering and a $105.2 million concurrent private placement, expected to raise approximately $200 million in gross proceeds. The offerings, led by Heights Capital Management, are intended to strengthen SEALSQ’s cash position, enabling the company to accelerate its Post-Quantum and Quantum commercialization roadmap in the U.S. and pursue strategic opportunities. This financial move is seen as a strong endorsement of SEALSQ’s technical progress and strategic acquisitions, providing a solid foundation for future growth.
The most recent analyst rating on (LAES) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On October 14, 2025, SEALSQ Corp announced a strategic collaboration with WeCan Group SA to develop a Post-Quantum KYC solution. This initiative aims to enhance the security of client data against future decryption threats posed by advancements in quantum computing, reflecting SEALSQ’s commitment to strengthening its market position in data security. SEALSQ holds a 28.3% equity stake in WeCan, and this partnership is expected to bolster its influence in the compliance infrastructure sector.
The most recent analyst rating on (LAES) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On October 14, 2025, SEALSQ Corp, a specialist in post-quantum semiconductor technology, announced a strategic collaboration with Wecan Group SA to develop a post-quantum Know Your Customer (KYC) solution aimed at securing client data in the financial industry. This partnership combines SEALSQ’s expertise in quantum-resistant technologies with Wecan’s leadership in compliance and secure data sharing, setting a new standard for data protection against future quantum threats. The initiative is part of Wecan’s innovation roadmap, aiming to enhance security and efficiency standards for financial institutions, preparing them for both current regulatory challenges and the future quantum era.
The most recent analyst rating on (LAES) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On October 9, 2025, SEALSQ Corp announced a strategic partnership with Trusted Semiconductor Solutions to co-develop secure semiconductor solutions for US defense and government agencies. This collaboration aims to leverage TSS’s trusted accreditation and SEALSQ’s post-quantum technology to meet federal compliance requirements. The partnership outlines a three-phase roadmap, including short-term development of PQC-enabled solutions, mid-term co-development of ‘Made in US’ ICs, and long-term advancement of secure architectures. This initiative positions SEALSQ to strengthen its foothold in the defense sector, potentially enhancing its market presence and stakeholder value.
The most recent analyst rating on (LAES) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On October 9, 2025, SEALSQ Corp announced a strategic partnership with Trusted Semiconductor Solutions to develop ‘Made in US’ Post-Quantum Cryptography-enabled secure semiconductor solutions for US government and defense agencies. This collaboration aims to strengthen SEALSQ’s presence in the US market, leveraging TSS’s trusted position within the US defense ecosystem to ensure compliance with federal requirements. The partnership outlines a three-phase roadmap to enhance quantum security, including short-term integration of SEALSQ’s QS7001 secure element with TSS’s platforms, mid-term co-development of PQC-embedded ICs, and long-term development of next-generation secure architectures. This initiative reinforces SEALSQ’s ‘Quantum Corridor’ strategy and its mission to secure digital infrastructures in the post-quantum era.
The most recent analyst rating on (LAES) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On October 8, 2025, SEALSQ Corp announced its preliminary unaudited financial metrics for the nine-month period ending September 30, 2025, revealing a 41% increase in year-on-year revenue growth, reaching $9.9 million. This growth is driven by a resurgence in demand for traditional products and the acquisition of IC’ALPS, although the transition to next-generation technologies continues to impact revenue. With a cash position of $220 million as of October 7, 2025, SEALSQ is well-positioned to enhance its leadership in PQC-enabled semiconductors and expand its quantum-secure technology offerings.
The most recent analyst rating on (LAES) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On October 8, 2025, SEALSQ Corp announced its preliminary financial metrics for the nine-month period ending September 30, 2025, reporting a 41% year-on-year revenue growth. The company reaffirmed its FY 2025 revenue guidance of $17.5 million to $20 million, indicating a 59% to 82% growth over 2024. SEALSQ highlighted key strategic milestones, including the acquisition of IC’ALPS and partnerships in the Quantix Edge Security project, which are expected to drive significant revenue growth and global expansion in 2026. The company is also advancing its quantum-resilient security infrastructure, aligning with U.S. government timelines for adopting quantum-resistant cryptography, and investing in space communications through WISeSat.Space.
The most recent analyst rating on (LAES) stock is a Hold with a $4.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.
On October 5, 2025, SEALSQ Corp entered into a Warrant Inducement Agreement with institutional investors, leading to the exercise of 15 million Class A Warrants issued in July 2025, generating approximately $69 million in gross proceeds. The agreement includes the issuance of new Class C Warrants, allowing the purchase of up to 26.25 million ordinary shares, enhancing SEALSQ’s financial position and potentially impacting its market strategy by increasing liquidity and shareholder value.
The most recent analyst rating on (LAES) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on SEALSQ Corp stock, see the LAES Stock Forecast page.