Sealsq Corp cash flow statement

In fiscal 2025, Sealsq Corp's operations generated −$31.3m of cash; it spent $743,000 on capital projects, leaving free cash flow of −$32.0m.

Cash flow statement

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

Sealsq Corp: cash flow statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−3	−3	0	−3	−10	−31
Depreciation and amortisation	2	2	0	1	1	1
Stock-based pay	—	—	—	—	0	11
Capital spending	0	0	0	3	1	1
Free cash flow	−3	−3	0	−6	−11	−32
Free cash flow after stock pay	—	—	—	—	−11	−43
Shares issued	—	—	—	—	60	429

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.