SEALSQ Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	18.25	10.98	30.06
Revenue Growth (YoY)	66.21%	-63.47%	-
Cost of Revenue	9.12	6.78	15.59
Gross Profit	9.14	4.21	14.47
Selling, General & Admin	38.56	16.29	14.29
Depreciation & Amortization Expenses	0.51	0.48	0.42
Research & Development	12.48	4.99	3.95
Other Operating Expenses	-2.61	-0.36	-0.05
Total Operating Expenses	48.94	21.4	18.61
Operating Income	-39.8	-17.19	-4.14
Interest Expense	-0.22	-1	-0.69
Other Non-Operating Income (Expense)	5.81	0.08	1.79
Total Non-Operating Income (Expense)	5.59	-0.93	1.1
Pretax Income	-34.21	-18.12	-3.04
Provision for Income Taxes	-0.16	3.09	0.23
Net Income	-34.05	-21.2	-3.27
Minority Interest in Earnings	-0.15	-	-
Net Income to Common	-34.05	-21.2	-3.27
Shares Outstanding (Basic)	135	28	8
Shares Outstanding (Diluted)	135	28	8
Shares Change (YoY)	386.60%	255.78%	-
EPS (Basic)	-0.24	-0.60	-0.21
EPS (Diluted)	-0.24	-0.60	-0.21
Shares Outstanding	199.02	107.54	22.95
Free Cash Flow	-31.26	-10.12	-2.75
Free Cash Flow Per Share	-0.23	-0.36	-0.35
Gross Margin	50.05%	38.30%	48.14%
Operating Margin	-218.05%	-156.55%	-13.78%
Profit Margin	-187.34%	-193.07%	-10.87%
FCF Margin	-171.25%	-92.20%	-9.13%
EBITDA	-39.61	-16.56	-3.57
EBITDA Margin	-217.01%	-150.81%	-11.88%
EBIT	-39.8	-17.19	-4.14
EBIT Margin	-218.05%	-156.55%	-13.78%
Effective Tax Rate	0.47%	-17.03%	-7.39%

Updated Mar 16, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q