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Employees: 185
Size SEALSQ (LAES) is a United States Information Technology company (Semiconductors) with a market value of $305M, the 3100th largest of 3,117 United States companies the cockpit tracks. Shares closed at $1.32 on 6 Nov 2026.
Performance Over six months the shares fell 54.8%, against -26.3% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 19 in its peer set.
Growth Revenue grew 144.7% over the last twelve months (peer median +15.4%); the operating margin is -214.8% (peer median 8.2%).
Valuation It trades at 0.44× book value against a peer median of 2.33× (2nd cheapest of 20).
Price implies The share price implies a return on equity of about 4.5%; SEALSQ delivers -12.7%, so the price asks more than the business earns today.
Backlog Backlog (remaining performance obligations) was $400,000 at 31 Dec 2025 — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 4.2% of the free float (15 Oct 2026).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $31.0M | $22.0M | $12.5M | $33.4M | $24.3M |
| Revenue growth | — | +76% | -63% | +38% | — |
| Gross profit | $15.6M | $10.4M | $4.23M | $15.6M | $10.3M |
| EBITDA | -$61.1M | -$50.3M | -$19.2M | -$1.59M | $1.03M |
| Net income | -$53.0M | -$41.2M | -$24.1M | -$3.64M | $6.04M |
| Free cash flow | -$57.8M | -$38.5M | -$12.1M | -$6.74M | -$1.94M |
| Capital expenditure | $2.95M | $1.50M | $648,372 | $3.36M | $313,068 |
| Total debt | n/a | $10.1M | $9.79M | $18.3M | $15.3M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LAES | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -41.3% | -25.3% | 2nd lowest of 21 |
| 6-month return | -54.8% | -26.3% | 2nd lowest of 19 |
| Return on equity | -12.7% | 11.5% | lowest of 20 |
| Price / book | 0.44× | 2.33× | 2nd cheapest of 20 |
| ROE the price implies | 4.5% | 17.2% | least demanding of 20 |
| ROE delivered | -12.7% | 11.5% | lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| SEALSQ LAES | United States | $305M | -55% | +145% | -13% | 0.44× | 4.5% | -12.7% |
| Alltek Technology 3209.TW | Taiwan | $303M | -21% | +22% | 28% | 1.78× | 9.0% | 28.1% |
| e-Ray Technology 7932.TWO | Taiwan | $302M | n/a | +68% | 6% | 6.06× | 32.7% | 6.5% |
| FocalTech Systems 3545.TW | Taiwan | $301M | -15% | -21% | -12% | 1.09× | 7.0% | -12.0% |
| Holtek Semiconductor 6202.TW | Taiwan | $297M | -26% | +15% | 10% | 2.33× | 16.8% | 9.8% |
| Kona I 052400.KS | South Korea | $290M | -45% | +16% | 33% | 1.55× | 9.2% | n/a |
| P-DUKE Technology 8109.TWO | Taiwan | $288M | -3% | +25% | 21% | 3.20× | 10.7% | 20.9% |
| BE Epitaxy Semiconductor Technology 7415.TWO | Taiwan | $284M | n/a | n/a | n/a | n/a | n/a | n/a |
| Websol Energy System WEBELSOLAR.NS | India | $330M | -37% | +97% | 59% | 4.02× | 59.3% | 59.5% |
| Eris Technology 3675.TWO | Taiwan | $332M | -8% | +15% | 14% | 4.43× | 49.5% | 14.2% |
| Weltrend Semiconductor 2436.TW | Taiwan | $333M | -26% | +19% | 28% | 2.27× | 17.2% | 27.7% |
| Wuxi Hodgen Technology 300279.SZ | China | $335M | -37% | -14% | 4% | 2.31× | 16.3% | 3.6% |
| LX Semicon 108320.KS | South Korea | $274M | -63% | -13% | 7% | 0.33× | 4.7% | n/a |
| OKins Electronics 080580.KS | South Korea | $273M | -18% | +35% | 30% | 5.28× | 26.7% | 30.4% |
| APAC Opto Electronics 4908.TWO | Taiwan | $341M | -42% | +4% | 12% | 6.38× | 57.8% | 11.5% |
| Jiangsu Smartwin Electronics Technology 301106.SZ | China | $345M | -37% | +7% | 2% | 1.81× | 13.3% | 2.3% |
| Goldkey Technology 3135.TW | Taiwan | $345M | -18% | +217% | 75% | 2.39× | 28.3% | 74.7% |
| Actron Technology 8255.TWO | Taiwan | $347M | -24% | -4% | 7% | 1.44× | 12.5% | 6.9% |
| Moschip Technologies MOSCHIP.NS | India | $348M | -26% | -1% | -4% | 8.13× | 180.0% | -4.1% |
| Taiwan Mask 2338.TW | Taiwan | $348M | -31% | -15% | -7% | 1.85× | 17.3% | -7.1% |
| Brillian Network & Automation Integrated System 6788.TWO | Taiwan | $353M | -32% | +21% | 30% | 4.17× | 26.0% | 30.2% |
SEALSQ reported $400,000 of remaining performance obligations at 31 Dec 2025. That is 0.0 years of trailing revenue already under contract.