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Sequans Valuation Multiples

Discover revenue and EBITDA valuation multiples for Sequans and similar public comparables like ICAPE Group, Interlink Electronics, Airgain, Eurotech and more.

Sequans Overview

About Sequans

Sequans Communications SA is a designer, developer, and supplier of cellular semiconductor solutions for broadband Internet of Things (IoT) markets. Its offer 5G/4G chips and modules fully optimized for non-smartphone devices. The company covers applications such as smart mobility and logistics, smart utility meters, smart cities, smart industries, e-health and wellness, and smart homes to name few. The Company has one operating segment, which is the design and marketing of semiconductor components for cellular wireless systems. Its geographical segments are Taiwan, Korea, China (including Hong Kong), the Rest of Asia, the United States and the Rest of the world.


Founded

2003

HQ

United States

Employees

155

Financials (LTM)

Revenue: $30M
EBITDA: ($18M)

EV

$105M

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Sequans Financials

Sequans reported last 12-month revenue of $30M and negative EBITDA of ($18M).

In the same LTM period, Sequans generated $16M in gross profit, ($18M) in EBITDA losses, and had net loss of ($90M).

Revenue (LTM)


Sequans P&L

In the most recent fiscal year, Sequans reported revenue of $37M and EBITDA of $148M.

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

See Sequans forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$30MXXX$37MXXXXXXXXX
Gross Profit$16MXXX$28MXXXXXXXXX
Gross Margin53%XXX75%XXXXXXXXX
EBITDA($18M)XXX$148MXXXXXXXXX
EBITDA Margin(62%)XXX402%XXXXXXXXX
EBIT Margin(261%)XXX(73%)XXXXXXXXX
Net Profit($90M)XXX$58MXXXXXXXXX
Net Margin(303%)XXX156%XXXXXXXXX
Net Debt——$5MXXXXXXXXX

Financial data powered by Morningstar, Inc.

Sequans Stock Performance

Sequans has current market cap of $51M, and enterprise value of $105M.

Market Cap Evolution


Sequans' stock price is $3.16.

See Sequans trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$105M$51M0.0%XXXXXXXXX$3.60

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Sequans Valuation Multiples

Sequans trades at 3.5x EV/Revenue multiple, and (5.7x) EV/EBITDA.

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EV / Revenue (LTM)


Sequans Financial Valuation Multiples

As of March 10, 2026, Sequans has market cap of $51M and EV of $105M.

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

Sequans has a P/E ratio of (0.6x).

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$51MXXX$51MXXXXXXXXX
EV (current)$105MXXX$105MXXXXXXXXX
EV/Revenue3.5xXXX2.9xXXXXXXXXX
EV/EBITDA(5.7x)XXX0.7xXXXXXXXXX
EV/EBIT(1.3x)XXX(3.9x)XXXXXXXXX
EV/Gross Profit6.6xXXX3.8xXXXXXXXXX
P/E(0.6x)XXX0.9xXXXXXXXXX
EV/FCF—XXX(2.7x)XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Sequans Margins & Growth Rates

Sequans' revenue in the last 12 month grew by 54%.

Sequans' revenue per employee in the last FY averaged $0.2M.

Sequans' rule of 40 is (8%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Sequans' rule of X is 74% (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).

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Sequans Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth54%XXX(26%)XXXXXXXXX
EBITDA Margin(62%)XXX402%XXXXXXXXX
EBITDA Growth(94%)XXX(115%)XXXXXXXXX
Rule of 40—XXX(8%)XXXXXXXXX
Bessemer Rule of X—XXX74%XXXXXXXXX
Revenue per Employee—XXX$0.2MXXXXXXXXX
S&M Expenses to Revenue27%XXX32%XXXXXXXXX
G&A Expenses to Revenue89%XXX39%XXXXXXXXX
R&D Expenses to Revenue96%XXX78%XXXXXXXXX
Opex to Revenue—XXX149%XXXXXXXXX

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Valuation Multiples Across 230+ Verticals

Sequans Public Comps

See public comps and valuation multiples for other Semiconductors and Electronic Components comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
ICAPE GroupXXXXXXXXXXXXXXXXXX
Interlink ElectronicsXXXXXXXXXXXXXXXXXX
AirgainXXXXXXXXXXXXXXXXXX
EurotechXXXXXXXXXXXXXXXXXX
BeammWaveXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Sequans M&A Activity

Sequans acquired XXX companies to date.

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

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Latest Acquisitions by Sequans

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Sequans Investment Activity

Sequans invested in XXX companies to date.

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

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Latest Investments by Sequans

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Sequans

When was Sequans founded?Sequans was founded in 2003.
Where is Sequans headquartered?Sequans is headquartered in United States.
How many employees does Sequans have?As of today, Sequans has over 155 employees.
Who is the CEO of Sequans?Sequans' CEO is Georges Karam.
Is Sequans publicly listed?Yes, Sequans is a public company listed on NYSE.
What is the stock symbol of Sequans?Sequans trades under SQNS ticker.
When did Sequans go public?Sequans went public in 2011.
Who are competitors of Sequans?Sequans main competitors are ICAPE Group, Interlink Electronics, Airgain, Eurotech.
What is the current market cap of Sequans?Sequans' current market cap is $51M.
What is the current revenue of Sequans?Sequans' last 12 months revenue is $30M.
What is the current revenue growth of Sequans?Sequans revenue growth (NTM/LTM) is 54%.
What is the current EV/Revenue multiple of Sequans?Current revenue multiple of Sequans is 3.5x.
Is Sequans profitable?No, Sequans is not profitable.
What is the current EBITDA of Sequans?Sequans has negative EBITDA and is not profitable.
What is Sequans' EBITDA margin?Sequans' last 12 months EBITDA margin is (62%).
What is the current EV/EBITDA multiple of Sequans?Current EBITDA multiple of Sequans is (5.7x).

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