WISeKey International Holding AG (WQEY) Key Metrics
WQEY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $52.4M
- Enterprise value
- −$355.7M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 2.1 10-yr median 2.8
- Price / book
- 1.6 10-yr median 1.4
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.49
WQEY key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWQEY valuation Price multiples at each fiscal year-end price.
Price / sales−38.9%
4.6
2025 · hover or tap a bar for each year
20222025
Price / book−45.8%
1.9
2025 · hover or tap a bar for each year
20222025
Free cash flow yield−16.9 pts
−37.5%
2025 · hover or tap a bar for each year
20222025
WQEY returns How much profit the business earns on the capital it uses.
Return on equity+42.0 pts
−17.1%
2025 · hover or tap a bar for each year
20222025
Return on assets+14.6 pts
−1.9%
2025 · hover or tap a bar for each year
20222025
Free cash flow margin−17.1 pts
−171.6%
2025 · hover or tap a bar for each year
20222025
Asset turnover−58.1%
0.06
2025 · hover or tap a bar for each year
20222025
WQEY per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+41.8%
$3.43
2025 · hover or tap a bar for each year
20222025
Earnings per share
−$1.08
2025 · hover or tap a bar for each year
20222025
Free cash flow per share
−$5.89
2025 · hover or tap a bar for each year
20222025
Book value per share+60.0%
$8.16
2025 · hover or tap a bar for each year
20222025
Shares outstanding+14.6%
5.6M
2025 · hover or tap a bar for each year
20222025
WQEY financial health Debt, liquidity and how easily interest is covered.
Debt / equity−13.1%
0.05
2025 · hover or tap a bar for each year
20222025
Net debt−$337.8M
−$426.9M
2025 · hover or tap a bar for each year
20222025
Current ratio+174.2%
12.92
2025 · hover or tap a bar for each year
20222025
Interest coverage
-212.9
2025 · hover or tap a bar for each year
20222025
Debt / assets−64.5%
0.00
2025 · hover or tap a bar for each year
20222025
WQEY efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−59 days
84 days
2025 · hover or tap a bar for each year
20222025
Days of inventory−98 days
62 days
2025 · hover or tap a bar for each year
20222025
Days payables outstanding−17 days
158 days
2025 · hover or tap a bar for each year
20222025
Cash conversion cycle−139 days
-11 days
2025 · hover or tap a bar for each year
20222025
Capex / revenue−1.0 pts
3.9%
2025 · hover or tap a bar for each year
20222025
WQEY valuation history
Fiscal year-endToday4-year median
WQEY returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WQEY debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WQEY cash returned to shareholders
DividendsBuybacksFree cash flow
WQEY price vs earnings per share
Share price at year-endEPS (right axis)
WQEY key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $88.3M | $88.9M | $15.9M | $22.0M |
| Enterprise value | −$338.6M | −$192,131 | $4.0M | $4.4M |
| Price / sales | 4.6 | 7.5 | 0.5 | 0.9 |
| Price / book | 1.9 | 3.5 | 0.8 | 0.8 |
| EV / sales | -17.6 | -0.0 | 0.1 | 0.2 |
| Earnings yield | −6.9% | −15.1% | −96.3% | −125.1% |
| Free cash flow yield | −37.5% | −20.6% | −108.1% | −79.5% |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 0.0% | 0.5% |
| Share price at fiscal year-end | $15.70 | $18.11 | $3.50 | $6.10 |
| Per share | ||||
| Revenue per share | $3.43 | $2.42 | $6.79 | $6.62 |
| Earnings per share | −$1.08 | −$2.74 | −$3.37 | −$7.64 |
| Operating cash flow per share | −$5.75 | −$3.62 | −$3.12 | −$4.77 |
| Free cash flow per share | −$5.89 | −$3.74 | −$3.78 | −$4.85 |
| Cash per share | $76.31 | $18.45 | $3.36 | $5.76 |
| Book value per share | $8.16 | $5.10 | $4.48 | $7.30 |
| Tangible book value per share | $1.93 | $3.39 | $2.63 | $4.96 |
| Capex per share | $0.13 | $0.12 | $0.66 | $0.08 |
| Debt per share | $0.42 | $0.30 | $0.73 | $0.87 |
| Shares outstanding | 5.6M | 4.9M | 4.6M | 3.6M |
| Change in shares outstanding | +14.6% | +7.8% | +26.6% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | −17.1% | −59.2% | −65.8% | −104.6% |
| Return on invested capital (ROIC) | — | — | −122.8% | −112.4% |
| Return on assets (ROA) | −1.9% | −16.6% | −31.6% | −55.5% |
| Return on tangible assets | −1.3% | −12.7% | −39.0% | −66.9% |
| Free cash flow margin | −171.6% | −154.5% | −55.7% | −73.3% |
| Financial health | ||||
| Total debt | $2.4M | $1.5M | $3.3M | $3.1M |
| Cash & short-term investments | $429.2M | $90.6M | $15.3M | $20.7M |
| Net debt | −$426.9M | −$89.1M | −$12.0M | −$17.6M |
| Debt / equity | 0.05 | 0.06 | 0.16 | 0.12 |
| Debt / assets | 0.00 | 0.01 | 0.07 | 0.06 |
| Current ratio | 12.92 | 4.71 | 1.59 | 1.80 |
| Quick ratio | 12.87 | 4.65 | 1.31 | 1.40 |
| Interest coverage | -212.9 | -14.5 | -10.0 | -16.8 |
| Working capital | $420.5M | $79.2M | $11.2M | $15.0M |
| Invested capital | −$381.0M | −$64.1M | $8.4M | $8.7M |
| Tangible asset value | $426.1M | $78.7M | $12.7M | $15.6M |
| Net current asset value | $402.3M | $72.9M | $3.4M | $8.4M |
| Graham net-net per share | $67.64 | $13.60 | −$1.06 | $0.22 |
| Capital allocation | ||||
| Share buybacks (net) | $0 | $0 | $2,000 | $102,000 |
| Capex / revenue | 3.9% | 4.8% | 9.8% | 1.3% |
| Capex / depreciation | 2.93 | 0.84 | 4.83 | 0.50 |
| Stock-based compensation / revenue | 43.3% | 10.0% | 0.6% | 3.1% |
| R&D / revenue | 77.2% | 59.2% | 14.2% | 16.2% |
| SG&A / revenue | 219.2% | 209.5% | 77.0% | 78.7% |
| Efficiency | ||||
| Days sales outstanding | 84.3 | 143.0 | 45.2 | 36.8 |
| Days of inventory on hand | 62.3 | 160.0 | 143.8 | 199.8 |
| Days payables outstanding | 157.7 | 174.7 | 99.0 | 138.5 |
| Cash conversion cycle (days) | -11.2 | 128.3 | 90.0 | 98.0 |
| Receivables turnover | 4.33 | 2.55 | 8.07 | 9.93 |
| Payables turnover | 2.31 | 2.09 | 3.69 | 2.63 |
| Inventory turnover | 5.86 | 2.28 | 2.54 | 1.83 |
| Asset turnover | 0.06 | 0.15 | 0.64 | 0.48 |
| Average receivables | $4.5M | $4.7M | $3.8M | $2.4M |
| Average payables | $4.3M | $3.6M | $4.4M | $5.2M |
| Average inventory | $1.7M | $3.3M | $6.4M | $7.5M |
| Intangibles / total assets | 6.8% | 7.3% | 17.6% | 17.0% |
Computed from WQEY's annual financial statements (latest annual report filed —) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WQEY valuation and financial ratios
WISeKey International earned a return on equity of −17.1% in fiscal 2025. It ended the year with $2.4 million of debt and $429.2 million in cash and short-term investments, a net cash position of $426.9 million.
See the WQEY income statement, the WQEY chart for price history, or the WQEY stock overview for the latest quote and news.
WQEY key metrics FAQ
What is WISeKey International's return on equity?
WISeKey International's return on equity (ROE) was −17.1% in fiscal 2025: net income of -$6.1 million on average shareholders' equity of $35.5 million.
How much debt does WISeKey International have?
WISeKey International had total debt of $2.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05 and more cash than debt.
What is WISeKey International's free cash flow yield?
WISeKey International generated -$33.1 million of free cash flow in fiscal 2025, a free cash flow yield of −37.5% on its market value at year-end ($88.3 million).
What is WISeKey International's current ratio?
WISeKey International's current ratio was 12.92 at the end of fiscal 2025: current assets were 12.92 times current liabilities.