SEALSQ Cash Flow 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
Net Income	-34.19	-21.2	-3.27
Depreciation & Amortization	0.19	0.63	0.57
Stock-Based Compensation	11.26	0.15	-
Other Adjustments	0.34	3.88	-0.47
Change in Receivables	0.69	1.45	-2.83
Changes in Inventories	-1.1	4.34	2.32
Changes in Accounts Payable	4.56	2.1	0.04
Changes in Accrued Expenses	4.72	1.23	0.29
Changes in Income Taxes Payable	0	-	-0.05
Changes in Unearned Revenue	0.01	0.01	-
Changes in Other Operating Activities	-17.74	-2.7	0.66
Operating Cash Flow	-31.26	-10.12	-2.75
Sale of Property, Plant & Equipment	-0.74	-0.57	-3.02
Proceeds from Sale of Investments	-11.6	-	-
Payments for Business Acquisitions	-22.97	-	-
Investing Cash Flow	-35.31	-0.57	-3.02
Long-Term Debt Issued	-	20	9.6
Long-Term Debt Repaid	-5.13	-1.41	-
Net Long-Term Debt Issued (Repaid)	-5.13	18.59	9.6
Issuance of Common Stock	436.67	77.61	-
Repurchase of Common Stock	-3.03	-	-
Net Common Stock Issued (Repurchased)	433.64	77.61	-
Other Financing Activities	-29	-7.8	-0.98
Financing Cash Flow	399.52	88.4	8.63
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.08	0.02	-0.02
Net Cash Flow	333.03	77.73	2.84
Free Cash Flow	-31.26	-10.12	-2.75
FCF Margin	-171.25%	-92.20%	-9.13%
Free Cash Flow Per Share	-0.23	-0.36	-0.35
Levered Free Cash Flow	-48.53	2.99	10.16
Unlevered Free Cash Flow	-48.97	-14.52	-0.62

SEC Filings: 10-K · 10-Q