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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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $1.54B | 12.28 | 101.23% | ― | 0.19% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $1.34B | 175.39 | 0.98% | 2.25% | 0.96% | -85.27% | |
52 Neutral | $569.81M | -44.57 | -4.22% | ― | 5.55% | -239.94% | |
52 Neutral | $1.04B | -25.47 | -5.94% | ― | 16.86% | -26.89% | |
50 Neutral | $759.94M | -8.55 | -45.62% | ― | -44.30% | 16.42% | |
49 Neutral | $900.49M | ― | -34.90% | ― | -4.99% | -12.11% |
SEALSQ Corp Corporate Events
On January 13, 2026, SEALSQ reported preliminary, unaudited figures for 2025, highlighting a 66% year-on-year revenue increase to about $18 million, driven by renewed demand for legacy products and five months of consolidated sales from French ASIC designer IC’ALPS, acquired on August 4, 2025. Despite ongoing headwinds from the transition to next‑generation post‑quantum semiconductors and software, the company closed 2025 with more than $425 million in cash after investing roughly $30 million in assets including IC’ALPS, quantum-ready satellite player WISeSat, WeCan Group, Quantix Edge and U.S. quantum chip designer EeroQ, moves that deepen its vertical integration from chip design to secure, quantum‑resilient connectivity. For 2026, management reaffirmed guidance for 50%–100% revenue growth, underpinned by a more than $200 million pipeline for 2026–2028 that includes over $60 million tied to its QS7001 post‑quantum secure chip and Qvault TPM, as well as anticipated contributions from IC’ALPS, new PQC chip launches and the Quantix Edge project. SEALSQ is also expanding recurring revenue streams in smart meters and PKI services through extended agreements with Landis+Gyr and contracts with utilities and smart‑home providers using its INeS PKI platform, while growing global interest and pilot projects for QS7001 across North America, Europe and Asia-Pacific suggest rising industry adoption of quantum‑resistant security solutions. Taken together, the strengthened balance sheet, recent acquisitions, ecosystem investments and growing product traction position SEALSQ to scale production, accelerate R&D and reinforce its role in the emerging quantum‑security and sovereign semiconductor markets.
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 January 14, 2026, SEALSQ Corp announced it had signed a non-binding Memorandum of Understanding to enter exclusive negotiations with the shareholders of French quantum computing firm Quobly SAS for an initial minority investment that could lead to a majority acquisition. The contemplated multi-stage deal, supported partly by SEALSQ’s dedicated Quantum Fund, would involve a total investment of about $200 million and builds on an existing strategic collaboration between the companies launched in November 2025, aiming to combine Quobly’s silicon-based quantum processor technology with SEALSQ’s post-quantum security expertise to create secure-by-design quantum computing platforms for mission-critical sectors and strengthen Europe’s position in sovereign, industrial-scale quantum systems.
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 January 14, 2026, SEALSQ Corp reported preliminary, unaudited key operational and financial metrics for full-year 2025, highlighting a 66% year-on-year revenue increase to about $18 million, with $8 million generated in the fourth quarter compared with $4 million a year earlier. Management attributed the growth to renewed demand for its traditional products and the consolidation of five months of revenue from IC’ALPS, acquired on August 4, 2025, while noting that overall sales were still affected by the ongoing transition from legacy offerings to next-generation post-quantum semiconductor and software solutions; the company ended 2025 with more than $425 million in cash, giving it substantial liquidity to fund PQC innovation and expansion, though it cautioned that the figures remain subject to final audit and could be revised.
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 January 14, 2026, SEALSQ Corp announced it had entered into a non-binding memorandum of understanding to engage in exclusive negotiations with the shareholders of Quobly SAS, a French technology company developing silicon-based quantum computers, for a potential multi-stage investment. Under the proposed structure, SEALSQ would first take a minority stake in Quobly and could later move to a controlling position, with total investment reaching about $200 million if a majority interest is ultimately acquired, though the transaction is still contingent on definitive agreements, due diligence, and regulatory and corporate approvals, signaling SEALSQ’s strategic push into quantum computing and potentially reshaping its technology portfolio and competitive positioning if completed.
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.
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.