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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

Employees
155
Website
Financials (LTM)
EV
$105M
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
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $30M | XXX | $37M | XXX | XXX | XXX |
| Gross Profit | $16M | XXX | $28M | XXX | XXX | XXX |
| Gross Margin | 53% | XXX | 75% | XXX | XXX | XXX |
| EBITDA | ($18M) | XXX | $148M | XXX | XXX | XXX |
| EBITDA Margin | (62%) | XXX | 402% | XXX | XXX | XXX |
| EBIT Margin | (261%) | XXX | (73%) | XXX | XXX | XXX |
| Net Profit | ($90M) | XXX | $58M | XXX | XXX | XXX |
| Net Margin | (303%) | XXX | 156% | XXX | XXX | XXX |
| Net Debt | — | — | $5M | XXX | XXX | XXX |
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.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $105M | $51M | 0.0% | XXX | XXX | XXX | $3.60 |
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Start Free TrialSequans Valuation Multiples
Sequans trades at 3.5x EV/Revenue multiple, and (5.7x) EV/EBITDA.
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).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $51M | XXX | $51M | XXX | XXX | XXX |
| EV (current) | $105M | XXX | $105M | XXX | XXX | XXX |
| EV/Revenue | 3.5x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | (5.7x) | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBIT | (1.3x) | XXX | (3.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 6.6x | XXX | 3.8x | XXX | XXX | XXX |
| P/E | (0.6x) | XXX | 0.9x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (2.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Sequans Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


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).
Sequans Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 54% | XXX | (26%) | XXX | XXX | XXX |
| EBITDA Margin | (62%) | XXX | 402% | XXX | XXX | XXX |
| EBITDA Growth | (94%) | XXX | (115%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (8%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 74% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 27% | XXX | 32% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 89% | XXX | 39% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 96% | XXX | 78% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 149% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Sequans Public Comps
See public comps and valuation multiples for other Semiconductors and Electronic Components comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| ICAPE Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Interlink Electronics | XXX | XXX | XXX | XXX | XXX | XXX |
| Airgain | XXX | XXX | XXX | XXX | XXX | XXX |
| Eurotech | XXX | XXX | XXX | XXX | XXX | XXX |
| BeammWave | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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).
Latest Acquisitions by Sequans
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSequans 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).
Latest Investments by Sequans
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout 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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