SEALSQ Corp (LAES) - Net Assets
Based on the latest financial reports, SEALSQ Corp (LAES) has net assets worth $461.51 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($504.18 Million) and total liabilities ($42.67 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is SEALSQ Corp's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $461.51 Million |
| % of Total Assets | 91.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 727.49 |
SEALSQ Corp - Net Assets Trend (2020–2025)
This chart illustrates how SEALSQ Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see LAES market cap overview.
Annual Net Assets for SEALSQ Corp (2020–2025)
The table below shows the annual net assets of SEALSQ Corp from 2020 to 2025. Also explore SEALSQ Corp equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $461.51 Million | +492.71% |
| 2024-12-31 | $77.86 Million | +1447.68% |
| 2023-12-31 | $5.03 Million | +2273.11% |
| 2022-12-31 | $212.00K | +101.56% |
| 2021-12-31 | $-13.56 Million | -44.70% |
| 2020-12-31 | $-9.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SEALSQ Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5530605000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.99 Million | 0.43% |
| Other Comprehensive Income | $852.00K | 0.18% |
| Other Components | $534.77 Million | 115.88% |
| Total Equity | $461.51 Million | 100.00% |
SEALSQ Corp Competitors by Market Cap
The table below lists competitors of SEALSQ Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nemak S. A. B. de C. V
MX:NEMAKA
|
$512.49 Million |
|
Kearny Financial Corp
NASDAQ:KRNY
|
$512.49 Million |
|
Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS
IS:BRISA
|
$512.54 Million |
|
Savita Oil Technologies Limited
NSE:SOTL
|
$512.64 Million |
|
Pulike Biological Engineering
SHG:603566
|
$511.97 Million |
|
West Coast Paper Mills Limited
NSE:WSTCSTPAPR
|
$511.76 Million |
|
Ausgold Ltd
AU:AUC
|
$511.69 Million |
|
Mistras Group Inc
NYSE:MG
|
$511.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SEALSQ Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 77,864,000 to 461,508,000, a change of 383,644,000 (492.7%).
- Net loss of 34,194,000 reduced equity.
- New share issuances of 429,266,000 increased equity.
- Other comprehensive income increased equity by 94,000.
- Other factors decreased equity by 11,522,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-34.19 Million | -7.41% |
| Share Issuances | $429.27 Million | +93.01% |
| Other Comprehensive Income | $94.00K | +0.02% |
| Other Changes | $-11.52 Million | -2.5% |
| Total Change | $- | 492.71% |
Book Value vs Market Value Analysis
This analysis compares SEALSQ Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.67x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-0.62 | $2.30 | x |
| 2021-12-31 | $-0.90 | $2.30 | x |
| 2022-12-31 | $0.01 | $2.30 | x |
| 2023-12-31 | $0.33 | $2.30 | x |
| 2024-12-31 | $2.21 | $2.30 | x |
| 2025-12-31 | $3.42 | $2.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SEALSQ Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -187.34%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.09x
- Recent ROE (-7.41%) is below the historical average (456.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -64.27% | 1.14x | 0.00x | $-8.87 Million |
| 2021 | 0.00% | -28.40% | 1.57x | 0.00x | $-3.92 Million |
| 2022 | 2849.75% | 24.87% | 1.12x | 102.17x | $6.02 Million |
| 2023 | -72.28% | -10.87% | 1.20x | 5.55x | $-4.14 Million |
| 2024 | -30.92% | -193.07% | 0.13x | 1.25x | $-31.86 Million |
| 2025 | -7.41% | -187.34% | 0.04x | 1.09x | $-80.34 Million |
Industry Comparison
This section compares SEALSQ Corp's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $4,967,743,745
- Average return on equity (ROE) among peers: -4.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SEALSQ Corp (LAES) | $461.51 Million | 0.00% | 0.09x | $512.38 Million |
| Analog Devices Inc (ADI) | $5.08 Billion | 13.73% | 0.39x | $175.05 Billion |
| Arteris Inc (AIP) | $-1.19 Million | 0.00% | 0.00x | $1.03 Billion |
| Astera Labs, Inc. (ALAB) | $157.43 Million | -16.68% | 0.25x | $50.11 Billion |
| Allegro Microsystems Inc (ALGM) | $735.36 Million | 16.24% | 0.21x | $6.17 Billion |
| Aeluma, Inc (ALMU) | $5.10 Million | -67.68% | 0.16x | $211.34 Million |
| Ambiq Micro, Inc. (AMBQ) | $85.75 Million | -46.25% | 0.22x | $524.36 Million |
| Advanced Micro Devices Inc (AMD) | $3.17 Billion | 30.99% | 0.82x | $850.67 Billion |
| Alpha and Omega Semiconductor Ltd (AOSL) | $822.33 Million | -11.79% | 0.26x | $754.52 Million |
| Arm Holdings plc American Depositary Shares (ARM) | $4.05 Billion | 12.94% | 0.69x | $282.91 Billion |
| ASE Industrial Holding Co Ltd ADR (ASX) | $35.57 Billion | 22.30% | 1.21x | $51.18 Billion |
About SEALSQ Corp
SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductors in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, quantum-resistant RISC-V secure chips, secure ARM platform, and smart card reader chips; custom chip design services; and other PKI services, including personal … Read more