Sealsq Corp income statement

In fiscal 2025, Sealsq Corp reported revenue of $18.3m, up 66.2% on the year before, operating income of −$39.8m (a -218.1% margin) and net income of −$34.2m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Sealsq Corp: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	14	17	23	30	11	18
Cost of revenue	8	10	13	16	7	10
Gross profit	5	7	10	14	4	9
Research and development	4	3	2	4	5	12
Selling and marketing	3	4	4	6	5	13
General and administrative	7	5	3	9	11	26
Operating income	−9	−5	3	−4	−17	−40
Interest expense	0	0	0	0	0	0
Income before tax	−9	−5	3	−3	−18	−34
Income tax	0	0	−3	0	3	−0
Net income	−9	−5	6	−3	−21	−34
Diluted EPS	−$1.42	−$0.34	$0.41	−$0.21	−$0.60	—
Diluted shares (average)	6m	7m	7m	8m	28m	—
EBITDA	−6	−4	3	−4	−17	−39

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.