Sealsq Corp balance sheet

At the end of fiscal 2025, Sealsq Corp had total assets of $504m, total liabilities of $42.7m and shareholders' equity of $462m. It held $418m in cash against $2.4m of debt: net cash of $415m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Sealsq Corp: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	2	2	4	7	85	418
Receivables	—	3	2	5	4	13
Inventory	—	3	8	5	1	2
Total current assets	—	8	16	20	93	450
Goodwill	—	—	—	—	—	6
Total assets	—	12	22	28	98	504
Accounts payable	—	7	7	7	10	17
Deferred revenue (current)	—	0	0	0	0	2
Total current liabilities	—	8	11	9	17	28
Short-term debt	—	—	—	—	—	1
Long-term debt	—	—	—	2	—	1
Total debt	0	0	1	3	—	2
Total liabilities	—	25	21	23	21	43
Shareholders' equity	−9	−14	0	5	76	462
Net debt (negative = net cash)	−2	−2	−3	−4	−85	−415
Shares outstanding	—	6m	8m	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Sealsq Corp's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Sealsq Corp.