SEALSQ Valuation Multiples

SEALSQ Overview

About SEALSQ

SEALSQ Corp develops certified secure microcontrollers and implements post-quantum cryptography. The company develops solutions including post-quantum microchips and devices that can be used in a variety of applications, from multi-factor authentication, home automation, and IT network infrastructure to automotive, industrial automation, and control systems. The company's vaultIC range offers a set of ready-to-use secure elements designed to implement embedded security for any kind of device with fast time-to-market and high flexibility. The company's products include VaultIC155, VaultIV18x, VaultIC292, and VaultIC40x. The company generates a majority of its revenue from North America.

Founded

2022

HQ

Employees

67

Website

sealsq.com

Sectors

SemiconductorsDeepTechQuantum Computing

Financials (LTM)

Revenue: $22M

EBITDA: ($18M)

EV

$189M

Valuation Multiples

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SEALSQ Financials

SEALSQ reported last 12-month revenue of $22M and negative EBITDA of ($18M).

In the same LTM period, SEALSQ generated $11M in gross profit, ($18M) in EBITDA losses, and had net loss of ($35M).

SEALSQ P&L

In the most recent fiscal year, SEALSQ reported revenue of $18M and EBITDA of ($16M).

SEALSQ expects next 12-month revenue of XXX and NTM EBITDA of XXX

SEALSQ Stock Performance

SEALSQ has current market cap of $609M, and enterprise value of $189M.

SEALSQ's stock price is $2.73.

SEALSQ Valuation Multiples

SEALSQ trades at 8.5x EV/Revenue multiple, and (10.8x) EV/EBITDA.

SEALSQ Financial Valuation Multiples

As of April 19, 2026, SEALSQ has market cap of $609M and EV of $189M.

Equity research analysts estimate SEALSQ's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

SEALSQ has a P/E ratio of (17.5x).

SEALSQ Margins & Growth Rates

SEALSQ's revenue in the last 12 month grew by 56%.

SEALSQ's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.7M for the same period.

SEALSQ's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

SEALSQ's rule of X is 119% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

SEALSQ Public Comps

See public comps and valuation multiples for other Semiconductors comps.

SEALSQ M&A Activity

SEALSQ acquired XXX companies to date.

Last acquisition by SEALSQ was on XXXXXXXX, XXXXX. SEALSQ acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

SEALSQ Investment Activity

SEALSQ invested in XXX companies to date.

SEALSQ made its latest investment on XXXXXXXX, XXXXX. SEALSQ invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).