← Back to Index ← Back to Portfolios Overview

LAES

Updated: May 26, 2026 10:39 PM

SEALSQ Corp

Market Cap: $752.98M P/S: 59x Ownership — Insider: 2.7% | Institutional: 10.7% | Retail: 86.6% TECHNOLOGY SEMICONDUCTORS

SEALSQ Corp (LAES) is at the forefront of the cybersecurity landscape, delivering cutting-edge solutions that integrate blockchain technology with proprietary software to safeguard against increasingly sophisticated digital threats. The company specializes in secure identity management and access control, catering to a diverse array of industries while enhancing operational integrity. With a steadfast commitment to innovation and scalability, SEALSQ is poised for robust growth, strategically positioned to meet the surging demand for advanced security measures in an ever-evolving market.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        6/6 dates (100%)
  ✅ grossProfit                         6/6 dates (100%)
  ✅ netIncome                           6/6 dates (100%)

Plot for LAES (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -34.19M                  -17.10M                   0.00M                   17.10M                    34.19M
               |                        |                        |                        |                         |

  2020-12-31 |                                     ██████████████|█████████████████████  15.25M
  2021-12-31 |                                           ████████|██████████████████████████  18.59M
  2022-12-31 |                                                   |███████████████████████████████████  24.29M
  2023-12-31 |                                              █████|████████████████████████████████████████████████  33.45M
  2024-12-31 |                ███████████████████████████████████|█████████████████  -24.07M
  2025-12-31 | ██████████████████████████████████████████████████|██████████████████████████  -34.19M

               |                        |                        |                        |                         |
               -34.19M                  -17.10M                   0.00M                   17.10M                    34.19M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              6/6 dates (100%)
  ✅ sellingGeneralAndAdministrative     6/6 dates (100%)
  ✅ costofGoodsAndServicesSold          6/6 dates (100%)

Plot for LAES (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    6.45M                   12.90M                   19.35M                    25.80M
               |                        |                        |                        |                         |

  2020-12-31 | ███████████████████████████████████████████ 10.96M
  2021-12-31 | ███████████████████████████████████████████████ 12.08M
  2022-12-31 | ███████████████████████████████████████████████████████ 14.03M
  2023-12-31 | ██████████████████████████████████████████████████████████████████████ 17.81M
  2024-12-31 | ██████████████████████████████████████████ 10.84M
  2025-12-31 | █████████████████████████████████████████████████████████████████████████████████████████████████████ 25.80M

               |                        |                        |                        |                         |
               0.00M                    6.45M                   12.90M                   19.35M                    25.80M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         6/6 dates (100%)
  ✅ shortLongTermDebtTotal              6/6 dates (100%)
  ✅ operatingCashflow                   6/6 dates (100%)

Plot for LAES (in M)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -417.66M                 -208.83M                   0.00M                   208.83M                   417.66M
               |                        |                        |                        |                         |

  2020-12-31 |                                                  █|█  14.92M
  2021-12-31 |                                                  █|█  17.77M
  2022-12-31 |                                                  █|█  14.12M
  2023-12-31 |                                                  █|█  15.38M
  2024-12-31 |                                                  █|█████████  84.62M
  2025-12-31 |                                               ████|█████████████████████████████████████████████████  417.66M

               |                        |                        |                        |                         |
               -417.66M                 -208.83M                   0.00M                   208.83M                   417.66M

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   6/6 dates (100%)
  ✅ capitalExpenditures                 6/6 dates (100%)

Plot for LAES (in M)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -31.26M                  -15.63M                   0.00M                   15.63M                    31.26M
               |                        |                        |                        |                         |

  2020-12-31 |                                              █████|  -3.02M
  2021-12-31 |                                             ██████|  -3.59M
  2022-12-31 |                                                 ██|  -1.55M
  2023-12-31 |                                              █████|████  -3.04M
  2024-12-31 |                                 ██████████████████|  -11.21M
  2025-12-31 | ██████████████████████████████████████████████████|█  -31.26M

               |                        |                        |                        |                         |
               -31.26M                  -15.63M                   0.00M                   15.63M                    31.26M

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         6/6 dates (100%)
  ✅ totalLiabilities                    6/6 dates (100%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for LAES (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -504.18M                 -252.09M                   0.00M                   252.09M                   504.18M
               |                        |                        |                        |                         |

  2020-12-31 |                                                  █|█  22.81M
  2021-12-31 |                                                  █|██  25.41M
  2022-12-31 |                                                   |█  21.66M
  2023-12-31 |                                                   |██  27.93M
  2024-12-31 |                                                   |█████████  97.57M
  2025-12-31 |                                                   |█████████████████████████████████████████████████  504.18M

               |                        |                        |                        |                         |
               -504.18M                 -252.09M                   0.00M                   252.09M                   504.18M

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           6/6 dates (100%)
  ✅ shortLongTermDebtTotal              6/6 dates (100%)
  ✅ totalShareholderEquity              6/6 dates (100%)

Plot for LAES (in M)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -461.51M                 -230.75M                   0.00M                   230.75M                   461.51M
               |                        |                        |                        |                         |

  2020-12-31 |                                                  █|█  14.92M
  2021-12-31 |                                                  █|█  17.77M
  2022-12-31 |                                                   |█  14.12M
  2023-12-31 |                                                  █|█  15.38M
  2024-12-31 |                                                ███|███████  77.86M
  2025-12-31 |                                               ████|█████████████████████████████████████████████████  461.51M

               |                        |                        |                        |                         |
               -461.51M                 -230.75M                   0.00M                   230.75M                   461.51M

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalRevenue                        10/12 dates (83%)
  ⚠️  grossProfit                         10/12 dates (83%)
  ⚠️  netIncome                           10/12 dates (83%)

Plot for LAES (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -23.20M                  -11.60M                   0.00M                   11.60M                    23.20M
               |                        |                        |                        |                         |

  2021-06-30 |                                          █████████|████████████████  8.07M
  2021-12-31 |                                                 ██|██████████████████████  10.51M
  2022-06-30 |                                                  █|███████████████████████  11.28M
  2023-03-31 |                                                   |███████████████████████████  12.99M
  2023-06-30 |                                                 ██|███████████████████████████████  14.75M
  2023-12-31 |                                             ██████|████████████████████████████████████  17.29M
  2024-06-30 |                         ██████████████████████████|███████████  -12.09M
  2024-12-31 |                         ██████████████████████████|██████████████  -11.98M
  2025-06-30 | ██████████████████████████████████████████████████|███████████  -23.20M
  2025-12-31 |                           ████████████████████████|██████████████████████████  12.66M

               |                        |                        |                        |                         |
               -23.20M                  -11.60M                   0.00M                   11.60M                    23.20M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  researchAndDevelopment              10/12 dates (83%)
  ⚠️  SPARSE sellingGeneralAndAdministrative     0/12 dates (0%)
  ⚠️  costofGoodsAndServicesSold          10/12 dates (83%)

Plot for LAES (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    2.55M                    5.11M                    7.66M                    10.22M
               |                        |                        |                        |                         |

  2021-06-30 | ████████████████████████████████████████████████████████ 5.70M ⊗
  2021-12-31 | ███████████████████████████████████████████████████████████████ 6.38M ⊗
  2022-06-30 | ████████████████████████████████████████████████████████████████ 6.45M ⊗
  2023-03-31 | ███████████████████████████████████████████████████████████████████████████████ 7.99M ⊗
  2023-06-30 | █████████████████████████████████████████████████████████████████████ 6.96M ⊗
  2023-12-31 | █████████████████████████████████████████████████████████████████████████████████████████████████████ 10.22M ⊗
  2024-06-30 | ███████████████████████████████████████████ 4.38M ⊗
  2024-12-31 | ██████████████████████████████████████ 3.85M ⊗
  2025-06-30 | ██████████████████████████████████████████████████████ 5.48M ⊗
  2025-12-31 | █████████████████████████████████████████████████████████████████████ 7.00M ⊗

               |                        |                        |                        |                         |
               0.00M                    2.55M                    5.11M                    7.66M                    10.22M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         10/11 dates (91%)
  ⚠️  shortLongTermDebtTotal              10/11 dates (91%)
  ✅ operatingCashflow                   12/12 dates (100%)

Plot for LAES (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               -417.66M                 -208.83M                   0.00M                   208.83M                   417.66M
               |                        |                        |                        |                         |

  2021-06-30 |                                                  █| -2.40M ⊗⊗
  2021-12-31 |                                                  █|█  17.77M
  2022-06-30 |                                                  █|█  18.64M
  2022-09-30 |                                                  █| -0.78M ⊗⊗
  2022-12-31 |                                                  █|█  14.12M
  2023-03-31 |                                                   |█  14.12M
  2023-06-30 |                                                  █|█  15.01M
  2023-12-31 |                                                  █|█  15.38M
  2024-06-30 |                                                  █|██  21.85M
  2024-12-31 |                                                  █|█████████  84.62M
  2025-06-30 |                                                 ██|█████████████  120.94M
  2025-12-31 |                                                ███|█████████████████████████████████████████████████  417.66M

               |                        |                        |                        |                         |
               -417.66M                 -208.83M                   0.00M                   208.83M                   417.66M

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   12/12 dates (100%)
  ✅ capitalExpenditures                 12/12 dates (100%)

Plot for LAES (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               -25.31M                  -12.65M                   0.00M                   12.65M                    25.31M
               |                        |                        |                        |                         |

  2021-06-30 |                                              █████|  -2.40M
  2021-12-31 |                                                ███|  -1.50M
  2022-06-30 |                                              █████|  -2.78M
  2022-09-30 |                                                 ██|█  0.84M
  2022-12-31 |                                                 ██|█  0.84M
  2023-03-31 |                                                   |█████  3.07M
  2023-06-30 |                                                 ██|██  1.68M
  2023-12-31 |                                               ████|██  -1.88M
  2024-06-30 |                                        ███████████|  -5.38M
  2024-12-31 |                                    ███████████████|  -7.47M
  2025-06-30 |                        ███████████████████████████|  -13.78M
  2025-12-31 | ██████████████████████████████████████████████████|  -25.31M

               |                        |                        |                        |                         |
               -25.31M                  -12.65M                   0.00M                   12.65M                    25.31M

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         10/11 dates (91%)
  ⚠️  totalLiabilities                    10/11 dates (91%)
  ⚠️  totalShareholderEquity              10/11 dates (91%)

Plot for LAES (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -504.18M                 -252.09M                   0.00M                   252.09M                   504.18M
               |                        |                        |                        |                         |

  2021-12-31 |                                                  █|██  25.41M
  2022-06-30 |                                                  █|██  27.10M
  2022-12-31 |                                                   |█  21.66M
  2023-03-31 |                                                   |█  21.66M
  2023-06-30 |                                                  █|█  24.72M
  2023-12-31 |                                                   |██  27.93M
  2024-06-30 |                                                   |███  35.87M
  2024-12-31 |                                                   |█████████  97.57M
  2025-06-30 |                                                   |█████████████  142.02M
  2025-12-31 |                                                   |█████████████████████████████████████████████████  504.18M

               |                        |                        |                        |                         |
               -504.18M                 -252.09M                   0.00M                   252.09M                   504.18M

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  netIncome                           10/12 dates (83%)
  ⚠️  shortLongTermDebtTotal              10/11 dates (91%)
  ⚠️  totalShareholderEquity              10/11 dates (91%)

Plot for LAES (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -461.51M                 -230.75M                   0.00M                   230.75M                   461.51M
               |                        |                        |                        |                         |

  2021-06-30 |                                                  █| -4.21M ⊗⊗
  2021-12-31 |                                                  █|█  17.77M
  2022-06-30 |                                                  █|█  18.64M
  2022-12-31 |                                                   |█  14.12M ⊗
  2023-03-31 |                                                   |█  14.12M
  2023-06-30 |                                                  █|█  15.01M
  2023-12-31 |                                                  █|█  15.38M
  2024-06-30 |                                                  █|█  21.85M
  2024-12-31 |                                                  █|███████  77.86M
  2025-06-30 |                                                ███|████████████  118.13M
  2025-12-31 |                                                  █|█████████████████████████████████████████████████  461.51M

               |                        |                        |                        |                         |
               -461.51M                 -230.75M                   0.00M                   230.75M                   461.51M

Price History

Volume

Advanced Chart