SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductors in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Valued at $565.8M, LAES is a small-cap name in its sector. It offers semiconductors, such as VaultIC secure elements, quantum-resistant RISC-V secure chips, secure ARM platform, and smart card reader chips; custom chip design services; and other PKI services, including personal digital identity services.
Market Cap
$565.8M
Beta
-7.92
P/E (TTM)
—
P/E (Fwd)
-12.10
EPS (TTM)
$-0.24
EPS (Fwd)
$-0.21
ROE
-12.7%
ROA
-8.3%
Cash
$427.7M
Total Debt
$8.0M
Free CF
-$10.7M
52W Change
-32.3%
Annual Financials
Cash vs Debt
SEALSQ Corp holds $427.7M in cash against $8.0M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow is running at -$10.7M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -12.7%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has been relatively flat, moving from $17.0M (2021) to $18.3M (2025).
With a beta below 0.7, SEALSQ Corp typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for SEALSQ Corp and its sector.