NASDAQ : WQEY
WISeKey International Holding AG — Financial statements
Technology · Semiconductors · Switzerland
Last price 8.53 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 39.41M
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Financial statements
WISeKey International Holding AG (WQEY) reported revenue of 25.43M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 25.43M | 19.29M | 11.88M | 30.92M | 23.81M | 17.65M |
| Cost of Revenue | 12.07M | 9.54M | 7.10M | 15.75M | 13.59M | 9.89M |
| Gross Profit | 13.36M | 9.74M | 4.77M | 15.16M | 10.23M | 7.75M |
| Selling, General & Admin | 55.48M | 42.15M | 24.90M | 23.77M | 18.66M | 23.10M |
| Research & Development | 18.69M | 14.88M | 7.03M | 4.40M | 3.86M | 5.62M |
| Other Operating Expenses | -213.00K | -224.00K | -184.00K | -167.00K | -174.00K | -183.00K |
| Operating Expenses | 74.48M | 57.31M | 32.22M | 28.42M | 23.76M | 28.84M |
| Operating Income | -61.13M | -47.57M | -27.45M | -13.26M | -13.53M | -21.08M |
| Interest Expense | -135.00K | -224.00K | -1.90M | -1.33M | -733.00K | -1.95M |
| Interest & Investment Income | 10.66M | 6.11M | 174.00K | 90.00K | 5.00K | 9.00K |
| Earnings From Equity Investments | -335.00K | -106.00K | ||||
| Currency Exchange Gain (Loss) | -1.52M | 4.00K | -89.00K | -819.00K | 195.00K | 233.00K |
| Other Non Operating Income (Expenses) | -787.00K | 3.44M | 439.00K | -247.00K | -853.00K | -344.00K |
| EBT Excluding Unusual Items | -53.24M | -38.35M | -28.82M | -15.56M | -14.92M | -23.13M |
| Gain (Loss) on Sale of Investments | 500.00K | 32.00K | ||||
| Gain (Loss) on Sale of Assets | 900.00K | 900.00K | ||||
| Other Unusual Items | -32.00K | -562.00K | 972.00K | -325.00K | ||
| Pretax Income | -52.74M | -38.32M | -28.86M | -15.22M | -13.04M | -23.46M |
| Income Tax Expense | -466.00K | -163.00K | 3.09M | 230.00K | -3.24M | 13.00K |
| Earnings From Continuing Operations | -52.28M | -38.15M | -31.94M | -15.45M | -9.81M | -23.47M |
| Earnings From Discontinued Operations | -19.45M | -622.00K | ||||
| Net Income to Company | -52.28M | -38.15M | -31.94M | -15.45M | -29.25M | -24.09M |
| Minority Interest in Earnings | 41.33M | 32.08M | 18.50M | 89.00K | 1.78M | 3.75M |
| Net Income | -10.95M | -6.07M | -13.45M | -15.36M | -27.48M | -20.34M |
| Net Income to Common | -10.95M | -6.07M | -13.45M | -15.36M | -27.48M | -20.34M |
| Shares Outstanding (Basic) | 4.20M | 4.18M | 3.48M | 3.04M | 2.25M | 1.59M |
| Shares Outstanding (Diluted) | 4.20M | 4.18M | 3.48M | 3.04M | 2.25M | 1.59M |
| EPS (Basic) | -2.61 | -1.45 | -3.86 | -5.06 | -12.22 | -12.77 |
| EPS (Diluted) | -2.61 | -1.45 | -3.86 | -5.06 | -12.22 | -12.77 |
| Free Cash Flow | -43.54M | -33.10M | -18.34M | -17.23M | -17.45M | -21.83M |
| Free Cash Flow Per Share | -10.38 | -7.91 | -5.27 | -5.67 | -7.76 | -13.70 |
| Gross Margin | 52.53% | 50.52% | 40.18% | 49.05% | 42.94% | 43.94% |
| Operating Margin | -240.37% | -246.62% | -231.18% | -42.87% | -56.82% | -119.47% |
| Profit Margin | -43.05% | -31.48% | -113.23% | -49.68% | -115.37% | -115.27% |
| Free Cash Flow Margin | -171.20% | -171.63% | -154.48% | -55.72% | -73.26% | -123.69% |
| EBITDA | -56.43M | -45.30M | -26.72M | -12.63M | -12.93M | -20.09M |
| EBITDA Margin | -221.91% | -234.83% | -225.04% | -40.85% | -54.29% | -113.84% |
| D&A For EBITDA | 4.69M | 2.27M | 728.00K | 625.00K | 602.00K | 994.00K |
| EBIT | -61.13M | -47.57M | -27.45M | -13.26M | -13.53M | -21.08M |
| EBIT Margin | -240.37% | -246.62% | -231.18% | -42.87% | -56.82% | -119.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 488.95M | 429.24M | 90.60M | 15.31M | 20.71M | 34.20M |
| Short-Term Investments | 2.48M | 10.04M | 5.00K | 5.00K | 3.00K | |
| Cash & Short-Term Investments | 491.43M | 439.28M | 90.61M | 15.32M | 20.71M | 34.20M |
| Accounts Receivable | 5.67M | 5.33M | 4.06M | 5.27M | 2.40M | 2.75M |
| Other Receivables | 10.68M | 6.36M | 2.95M | 2.58M | 1.22M | 227.00K |
| Receivables | 16.34M | 11.69M | 7.03M | 7.91M | 3.68M | 3.05M |
| Inventory | 2.10M | 2.01M | 1.42M | 5.23M | 7.51M | 2.71M |
| Prepaid Expenses | 2.03M | 2.44M | 1.36M | 1.29M | 831.00K | 1.20M |
| Restricted Cash | 6.31M | 4.00K | 108.00K | 110.00K | ||
| Other Current Assets | 284.00K | 345.00K | 86.00K | 346.00K | 1.02M | 1.24M |
| Total Current Assets | 518.50M | 455.78M | 100.50M | 30.09M | 33.87M | 42.51M |
| Property, Plant & Equipment | 11.10M | 10.30M | 4.78M | 5.44M | 3.13M | 3.69M |
| Long-Term Investments | 30.58M | 9.50M | 455.00K | 486.00K | 473.00K | 502.00K |
| Goodwill | 20.01M | 13.97M | 8.32M | 8.32M | 8.32M | 8.32M |
| Other Intangible Assets | 30.32M | 20.45M | 96.00K | 98.00K | 105.00K | |
| Long-Term Deferred Tax Assets | 4.49M | 2.36M | 250.00K | 3.09M | 3.30M | 849.00K |
| Other Long-Term Assets | 1.36M | 2.19M | 357.00K | 275.00K | 249.00K | 32.65M |
| Total Assets | 616.38M | 514.59M | 114.69M | 47.80M | 49.50M | 88.81M |
| Accounts Payable | 13.26M | 13.54M | 8.50M | 7.73M | 9.06M | 8.92M |
| Accrued Expenses | 10.96M | 13.45M | 3.01M | 1.25M | 531.00K | 3.10M |
| Short-Term Debt | 613.00K | 748.00K | 5.90M | 4.08M | 4.20M | 4.23M |
| Current Portion of Long-Term Debt | 92.00K | 94.00K | 87.00K | 269.00K | ||
| Current Portion of Leases | 718.00K | 989.00K | 607.00K | 638.00K | 592.00K | 650.00K |
| Current Income Taxes Payable | 3.00K | 2.00K | 4.00K | 57.00K | 11.00K | |
| Current Unearned Revenue | 3.04M | 1.87M | 485.00K | 570.00K | 279.00K | 220.00K |
| Other Current Liabilities | 13.20M | 4.58M | 2.73M | 4.36M | 4.11M | 7.62M |
| Total Current Liabilities | 41.89M | 35.27M | 21.32M | 18.91M | 18.83M | 24.75M |
| Long-Term Debt | 1.90M | 2.37M | 1.49M | 3.34M | 3.12M | 9.51M |
| Long-Term Leases | 5.28M | 5.61M | 853.00K | 1.44M | 1.73M | 2.47M |
| Long-Term Unearned Revenue | 1.08M | 13.00K | 21.00K | 24.00K | 23.00K | 100.00K |
| Pension & Post-Retirement Benefits | 4.93M | 4.50M | 3.88M | 3.00M | 1.76M | 4.77M |
| Long-Term Deferred Tax Liabilities | 5.80M | 4.37M | 8.00K | 62.00K | ||
| Other Long-Term Liabilities | 876.00K | 1.31M | 4.00K | 2.00K | 8.00K | 5.77M |
| Total Liabilities | 61.75M | 53.44M | 27.56M | 26.72M | 25.47M | 47.43M |
| Common Stock | 456.00K | 456.00K | 375.00K | 8.57M | 5.73M | 5.08M |
| Additional Paid-In Capital | 351.74M | 343.01M | 316.43M | 289.45M | 280.60M | 268.20M |
| Retained Earnings | -309.81M | -300.48M | -294.41M | -280.96M | -265.63M | -238.16M |
| Treasury Stock | -502.00K | -502.00K | -502.00K | -691.00K | -371.00K | -636.00K |
| Comprehensive Income & Other | 3.45M | 3.43M | 3.15M | 4.04M | 5.93M | 1.41M |
| Total Common Equity | 45.34M | 45.92M | 25.05M | 20.41M | 26.26M | 35.90M |
| Minority Interest | 509.29M | 415.23M | 62.08M | 677.00K | -2.23M | 5.48M |
| Shareholders' Equity | 554.63M | 461.15M | 87.12M | 21.08M | 24.02M | 41.38M |
| Total Liabilities & Equity | 616.38M | 514.59M | 114.69M | 47.80M | 49.50M | 88.81M |
| Total Debt | 8.60M | 9.81M | 8.94M | 9.77M | 9.63M | 16.86M |
| Net Cash (Debt) | 482.83M | 429.47M | 81.67M | 5.54M | 11.08M | 17.34M |
| Net Cash Per Share | 115.07 | 102.64 | 23.44 | 1.82 | 4.93 | 10.89 |
| Filing Date Shares Outstanding | 4.18M | 4.25M | 3.11M | 3.11M | 2.16M | 1.94M |
| Total Common Shares Outstanding | 4.18M | 4.18M | 3.47M | 3.11M | 2.16M | 1.78M |
| Working Capital | 476.62M | 420.51M | 79.18M | 11.18M | 15.04M | 17.76M |
| Book Value Per Share | 10.84 | 10.97 | 7.22 | 6.55 | 12.18 | 20.18 |
| Tangible Book Value | -5.00M | 11.49M | 16.73M | 11.99M | 17.84M | 27.47M |
| Tangible Book Value Per Share | -1.19 | 2.75 | 4.82 | 3.85 | 8.27 | 15.45 |
| Buildings | 218.00K | 224.00K | ||||
| Machinery | 15.28M | 13.65M | 12.37M | 12.04M | 8.63M | 7.96M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -10.95M | -6.07M | -13.45M | -15.36M | -27.48M | -20.34M |
| Depreciation & Amortization | 4.69M | 2.27M | 728.00K | 625.00K | 602.00K | 994.00K |
| Asset Writedown & Restructuring Costs | 472.00K | 472.00K | -48.00K | 1.33M | ||
| Loss (Gain) From Sale of Investments | 270.00K | -5.55M | ||||
| Loss (Gain) on Equity Investments | 335.00K | 106.00K | ||||
| Stock-Based Compensation | 1.61M | 8.35M | 3.83M | 392.00K | 829.00K | 3.93M |
| Provision & Write-off of Bad Debts | -6.00K | 36.00K | 4.00K | 18.00K | ||
| Other Operating Activities | -45.49M | -40.02M | -15.07M | 2.04M | -2.11M | -2.60M |
| Change in Accounts Receivable | -3.47M | 549.00K | 1.19M | -2.90M | 227.00K | 207.00K |
| Change in Inventory | -196.00K | -629.00K | 4.33M | 2.32M | -5.35M | -236.00K |
| Change in Accounts Payable | 10.12M | 3.31M | 634.00K | -538.00K | 137.00K | 2.06M |
| Change in Unearned Revenue | 1.68M | -15.00K | -127.00K | 45.00K | -111.00K | -642.00K |
| Change in Income Taxes | 1.00K | -2.00K | -53.00K | 45.00K | 8.00K | |
| Change in Other Net Operating Assets | -516.00K | -691.00K | 151.00K | -762.00K | -299.00K | 364.00K |
| Operating Cash Flow | -41.44M | -32.36M | -17.77M | -14.21M | -17.14M | -21.79M |
| Capital Expenditures | -2.10M | -743.00K | -571.00K | -3.02M | -303.00K | -36.00K |
| Cash Acquisitions | -15.50M | -10.55M | -2.01M | |||
| Divestitures | 750.00K | -181.00K | ||||
| Investment in Securities | -32.59M | -16.55M | -476.00K | |||
| Other Investing Activities | -88.00K | -500.00K | ||||
| Investing Cash Flow | -50.28M | -28.35M | 179.00K | -3.02M | -484.00K | -2.52M |
| Long-Term Debt Issued | 22.51M | 12.99M | 6.82M | 44.36M | ||
| Total Debt Issued | 22.51M | 12.99M | 6.82M | 44.36M | ||
| Long-Term Debt Repaid | -4.93M | -53.00K | -276.00K | -2.25M | -5.28M | |
| Net Debt Issued (Repaid) | -3.62M | -4.93M | 22.46M | 12.71M | 4.57M | 39.09M |
| Issuance of Common Stock | 506.04M | 436.67M | 77.61M | 28.00K | 16.00K | 230.00K |
| Repurchase of Common Stock | -3.47M | -3.14M | -2.00K | -102.00K | ||
| Other Financing Activities | -35.33M | -29.10M | -7.16M | -890.00K | -303.00K | -2.34M |
| Financing Cash Flow | 463.62M | 399.50M | 92.92M | 11.85M | 4.18M | 36.98M |
| Foreign Exchange Rate Adjustments | -1.24M | -146.00K | -32.00K | -126.00K | -102.00K | -63.00K |
| Net Cash Flow | 370.67M | 338.65M | 75.29M | -5.50M | -13.54M | 12.60M |
| Free Cash Flow | -43.54M | -33.10M | -18.34M | -17.23M | -17.45M | -21.83M |
| Free Cash Flow Margin | -171.20% | -171.63% | -154.48% | -55.72% | -73.26% | -123.69% |
| Free Cash Flow Per Share | -10.38 | -7.91 | -5.27 | -5.67 | -7.76 | -13.70 |
| Levered Free Cash Flow | -29.38M | -7.89M | -8.66M | -12.86M | -18.46M | -2.46M |
| Unlevered Free Cash Flow | -29.30M | -7.75M | -7.48M | -12.03M | -18.01M | -1.24M |
| Cash Interest Paid | 4.00K | 53.00K | 409.00K | |||
| Cash Income Tax Paid | 6.00K | 6.00K | 8.00K | 8.00K | 6.00K | |
| Change in Working Capital | 7.62M | 2.53M | 6.18M | -1.89M | -5.36M | 1.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Last Close Price | 8.11 | 7.02 | 19.02 | |||
| Debt / Equity Ratio | 0.02 | 0.02 | 0.10 | 0.46 | 0.40 | 0.41 |
| Net Debt / Equity Ratio | -0.87 | -0.93 | -0.94 | -0.26 | -0.46 | -0.42 |
| Net Debt / EBITDA Ratio | 8.56 | 9.48 | 3.06 | 0.44 | 0.86 | 0.86 |
| Net Debt / FCF Ratio | 11.09 | 12.97 | 4.45 | 0.32 | 0.64 | 0.80 |
| Asset Turnover | 0.07 | 0.06 | 0.15 | 0.64 | 0.34 | 0.25 |
| Inventory Turnover | 5.61 | 5.57 | 2.14 | 2.47 | 2.66 | 3.82 |
| Quick Ratio | 12.12 | 12.79 | 4.58 | 1.23 | 1.29 | 1.50 |
| Current Ratio | 12.38 | 12.92 | 4.71 | 1.59 | 1.80 | 1.72 |
| Return on Equity (ROE) | -15.35% | -13.92% | -59.04% | -68.50% | -29.99% | -84.12% |
| Return on Assets (ROA) | -9.90% | -9.45% | -21.12% | -17.03% | -12.23% | -18.60% |
| Return on Capital Employed (ROCE) | -10.60% | -9.90% | -29.40% | -45.90% | -44.10% | -32.90% |
| Buyback Yield / Dilution | -8.97% | -20.11% | -14.66% | -35.15% | -41.13% | -86.16% |