SEALSQ Corp (LAES)

Nasdaq: LAES · Semiconductors & Related Devices · Cointrin, CH · filing with the SEC since 2022

Full chart Alerts Compare

Grade5.0

◀ Past 5.5● Present 3.7▶ Future 6.0

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of SEALSQ Corp

Nine metrics read from its own filings, by tense

Headline grade

5.0/10

◀ Past5.530% of the headline

● Present3.740% of the headline

▶ Future6.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.5/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

7.6/10

Has it survived what it has been through?

No warning events in its filings since 2022.

weight 33% of this tense · 76th percentile among 99 sector filers · read for itself

From the record

SEALSQ Corp's filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

3.9/10

What has it actually done, year after year?

+5% a year over 6 filed years; profitable in 1 of 6.

weight 45% of this tense · 39th percentile among 93 sector filers · read for its customers

From the record

SEALSQ Corp's 6 filed years say what it did: revenue went from $14 million in fiscal 2020 to $18 million in fiscal 2025, up 5% a year; it rose in 4 of 5 years; the deepest fall was 63% from fiscal 2023 to fiscal 2024; net income was positive in 1 of 6 of those years (its annual reports).

What it rests on

revenue growth over the filed span5.0%bottom 36% of its family
the share of years revenue rosetop 22% of its family
the share of filed years with a profitbottom 24% of its family
the deepest fall from a revenue peak63.5%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

5.9/10

How has it treated the people who own it?

SI estimate 5.9/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 88 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 88 members with one.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: family median, 88 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: SEALSQ Corp's shareholder treatment is put at 5.9 of 10 with a confidence of 20 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, so the desk assumes the typical reading of its industry family, the median of 88 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.7/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.4/10

Is it financially healthy right now?

ROE -7%: lost 7¢ per shareholder dollar. Leverage 8%: owes 8¢ per asset dollar.

weight 45% of this tense · 44th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, SEALSQ Corp lost about 7 cents for every dollar of shareholders' money, and gross profitability: its products earned about 2 cents per dollar of everything the company owns. Leverage: it owed about 8 cents per dollar of assets (the filed statements).

What it rests on

what it owes per dollar of assetstop 5% of its family
return on equitybottom 26% of its family
gross profit against assetsbottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

1.7/10

How strong is its position in its industry?

bottom 17% of 97 in its family; net margin -187.3%.

weight 33% of this tense · 17th percentile among 97 sector filers · read for its customers

From the record

SEALSQ Corp's standing among 97 graded names in its industry family: revenue of $18 million in fiscal 2025 ranks in the bottom 13% by size; a net margin of -187.3% ranks in the bottom 12%; revenue growth of -7.7% a year over the last 3 filed years ranks in the bottom 27% (its annual reports).

What it rests on

revenue against the family$18.3Mbottom 13% of its family
net margin-187.3%bottom 12% of its family
three-year revenue growth-7.7%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.4/10

What are the people in charge doing?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 78 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: SEALSQ Corp's leadership is put at 5.4 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

6.3/10

How much room does it have to grow?

top 37% of 94 in its family for room to expand.

weight 45% of this tense · 63rd percentile among 94 sector filers · read for itself

From the record

SEALSQ Corp's room to grow, from the newest filed statements (fiscal 2025): cash of $418 million against debt of $2 million leaves 82.5% of its assets as net cash, top 3% of its family; cash from operations less capital spending is -175.3% of revenue (bottom 10%); a gross margin of 47.3% (top 40%); research spending of 68.4% of revenue (top 15%) (its annual report).

What it rests on

cash less debt against assets82.5%top 3% of its family
cash from operations less capital spending against revenue-175.3%bottom 10% of its family
gross margin47.3%top 40% of its family
research spending against revenue68.4%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

7.5/10

What could actually drive growth from here?

top 25% of 93 in its family for growth drivers.

weight 33% of this tense · 75th percentile among 93 sector filers · read for its customers

From the record

SEALSQ Corp's growth drivers, from the filed years to fiscal 2025: revenue grew -7.7% a year over the last three filed years against 5% over all 6, slowing (bottom 28% of its family); the newest year grew 66.3% (top 12%); research spending grew 75.5% a year (top 2%); capital spending grew 35.4% a year (top 15%) (its annual reports). SEALSQ Corp tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-12.7 points a yearbottom 28% of its family
the newest year's revenue growth66.3%top 12% of its family
three-year growth of research spending75.5%top 2% of its family
three-year growth of capital spending35.4%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.4/10

Did its newest year beat what its own record pointed to?

bottom 34% of 88 in its family for expectations against reality.

weight 22% of this tense · 34th percentile among 88 sector filers · read for its shareholders

From the record

SEALSQ Corp's newest year against its own record: revenue of $18 million in fiscal 2025 came in 141.5% above the $8 million its prior three years' pace pointed to (top 9% of its family); net income of $34 million against a prior three-year average of $6 million (bottom 3%); a net margin of a loss larger than its revenue against -59.7% before (bottom 6%) (its annual reports).

What it rests on

revenue against the prior three years' pace141.5%top 9% of its family
net income against the prior three years' average-449%bottom 3% of its family
net margin against its prior averagedown more than 100 pointsbottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LAES · research, not advice