Wisekey International Holding S.A.
WKEYAnalytical Summary
Wisekey International Holding S.A. shows mixed fundamentals. On the positive side, Debt to Equity remains strong. Consider comparing against peers in the Technology sector before making investment decisions.
9-Year Financial Trajectory
AnnualBullish Indicators
- Debt to EquityDebt to Equity is in the top quartile (lower is better)
Bearish Risks
- Operating Margin (%)Operating Margin (%) is in the bottom quartile
- Profit Margin (%)Profit Margin (%) is in the bottom quartile
Health Breakdown
Statement lens
Choose the reporting cadence, isolate a period range, or search directly for a metric.
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|
| Revenue Growth YoY (%) |
62.4%
Excellent
↑
Excellent
Improving
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+420%)
|
-61.6%
Weak
↓
Weak
Declining
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-613%)
|
29.8%
Excellent
↑
Excellent
Improving
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+149%)
|
35.0%
Excellent
↑
Excellent
Improving
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+191%)
|
19.4%
Good
↑
Good
Improving
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+62%)
|
-34.8%
Weak
Weak
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-390%)
|
-33.9%
Weak
Weak
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Below avg (-383%)
|
— | — |
| EPS Growth YoY (%) | — | — | — |
14.3%
Fair
Fair
Year-over-year change in earnings per share
Optimal:
> 10%
|
58.2%
Excellent
Excellent
Year-over-year change in earnings per share
Optimal:
> 10%
|
N/M | N/M | — | — |
| Net Income Growth YoY (%) |
54.8%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
12.5%
Fair
↓
Fair
Declining
Year-over-year change in net income |
47.5%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
-21.4%
Weak
Weak
Year-over-year change in net income |
16.6%
Good
Good
Year-over-year change in net income |
N/M | N/M | — | — |
| FCF Growth YoY (%) | — | — | — |
49.1%
Excellent
↑
Excellent
Improving
Year-over-year change in free cash flow |
-3.4%
Weak
↑
Weak
Improving
Year-over-year change in free cash flow |
25.1%
Excellent
Excellent
Year-over-year change in free cash flow |
-36.9%
Weak
Weak
Year-over-year change in free cash flow |
— | — |
| Revenue CAGR 3Y (%) |
-6.8%
Weak
↓
Weak
Declining
Compound annual revenue growth over 3 years |
-12.4%
Weak
↓
Weak
Declining
Compound annual revenue growth over 3 years |
27.9%
Excellent
↑
Excellent
Improving
Compound annual revenue growth over 3 years |
1.7%
Weak
Weak
Compound annual revenue growth over 3 years |
-19.9%
Weak
Weak
Compound annual revenue growth over 3 years |
— | — | — | — |
| Revenue CAGR 5Y (%) |
5.5%
Fair
↑
Fair
Improving
Compound annual revenue growth over 5 years |
-12.1%
Weak
Weak
Compound annual revenue growth over 5 years |
-2.0%
Weak
Weak
Compound annual revenue growth over 5 years |
— | — | — | — | — | — |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|
| Operating Margin (%) (%) |
-247.3%
Weak
↓
Weak
Declining
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-1336%)
|
-230.9%
Weak
↓
Weak
Declining
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-1255%)
|
-43.0%
Weak
↑
Weak
Improving
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-315%)
|
-43.8%
Weak
↑
Weak
Improving
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-319%)
|
-119.9%
Weak
↓
Weak
Declining
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-700%)
|
-125.4%
Weak
↓
Weak
Declining
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-727%)
|
-90.5%
Weak
Weak
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-553%)
|
-26.4%
Weak
Weak
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-232%)
|
— |
| Effective Tax Rate (%) (%) |
0.4%
Excellent
↓
Excellent
Declining
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
-10.7%
Excellent
↓
Excellent
Declining
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
-1.5%
Excellent
↓
Excellent
Declining
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
24.8%
Fair
↑
Fair
Improving
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
-0.1%
Excellent
↑
Excellent
Improving
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
-0.0%
Excellent
↑
Excellent
Improving
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
-0.1%
Excellent
Excellent
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
-0.5%
Excellent
Excellent
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
— |
| Profit Margin (%) (%) |
-31.5%
Weak
↑
Weak
Improving
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-310%)
|
-113.2%
Weak
↓
Weak
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-855%)
|
-49.7%
Weak
↑
Weak
Improving
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-431%)
|
-122.8%
Weak
↓
Weak
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-919%)
|
-136.5%
Weak
↓
Weak
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-1010%)
|
-195.6%
Weak
↓
Weak
Declining
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-1404%)
|
32.9%
Excellent
Excellent
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Above avg (+119%)
|
-47.4%
Weak
Weak
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-416%)
|
— |
| FCF Margin (%) (%) |
-171.6%
Weak
↓
Weak
Declining
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
-154.5%
Weak
↓
Weak
Declining
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
-55.7%
Weak
↑
Weak
Improving
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
-73.3%
Weak
↑
Weak
Improving
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
-123.7%
Weak
↓
Weak
Declining
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
-85.3%
Weak
↓
Weak
Declining
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
-62.6%
Weak
Weak
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
-28.4%
Weak
Weak
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
— |
| FCF / Net Income (x) |
5.45x
Excellent
↑
Excellent
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
1.36x
Good
↑
Good
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
1.12x
Fair
↑
Fair
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
0.60x
Weak
↑
Weak
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
0.91x
Caution
↑
Caution
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
0.44x
Weak
↑
Weak
Improving
Free cash flow relative to reported net income
Optimal:
> 1x
|
-1.90x
Weak
Weak
Free cash flow relative to reported net income
Optimal:
> 1x
|
0.60x
Weak
Weak
Free cash flow relative to reported net income
Optimal:
> 1x
|
— |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|
| Return on Invested Capital (%) |
-98.4%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-114.4%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-66.2%
Weak
→
Weak
Stable
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-29.9%
Weak
↑
Weak
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-59.0%
Weak
↑
Weak
Improving
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-113.9%
Weak
Weak
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-93.2%
Weak
Weak
Return earned on debt + equity capital invested
Optimal:
> 10%
|
— | — |
| Return on Capital (%) (%) |
-9.3%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
-23.9%
Weak
→
Weak
Stable
Operating profit relative to total assets
Optimal:
> 10%
|
-27.8%
Weak
→
Weak
Stable
Operating profit relative to total assets
Optimal:
> 10%
|
-21.1%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
-23.8%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
-35.0%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
-41.1%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
-11.5%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
— |
| Return on Common Equity (%) (%) |
-13.2%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-171%)
|
-53.7%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-390%)
|
-75.3%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-507%)
|
-111.4%
Weak
↓
Weak
Declining
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-702%)
|
-67.1%
Weak
↑
Weak
Improving
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-463%)
|
-177.7%
Weak
Weak
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-1060%)
|
33.9%
Excellent
Excellent
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Above avg (+83%)
|
— | — |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|
| Debt to Equity (x) |
0.05x
Excellent
Excellent
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-89%)
|
0.06x
Excellent
Excellent
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-87%)
|
— | — | — | — | — | — | — |
| Interest Coverage (x) |
-212.92x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
-27.07x
Weak
↑
Weak
Improving
Operating income divided by interest expense
Optimal:
> 5x
|
-21.31x
Weak
↑
Weak
Improving
Operating income divided by interest expense
Optimal:
> 5x
|
-62.12x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
-20.02x
Weak
→
Weak
Stable
Operating income divided by interest expense
Optimal:
> 5x
|
-25.81x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
-28.32x
Weak
Weak
Operating income divided by interest expense
Optimal:
> 5x
|
-3.14x
Weak
Weak
Operating income divided by interest expense
Optimal:
> 5x
|
— |
| Net Debt (USD) | $-426.87M | $-89.11M | $-15.31M | $-20.71M | $-34.20M | $-19.65M | $-12.12M | $-9.15M | — |
| Debt / EBITDA (x) |
-0.05x
Excellent
Excellent
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
-0.06x
Excellent
Excellent
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
— | — | — | — | — | — | — |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|
| Working Capital (USD) | $420.51M | $79.18M | $11.18M | $14.35M | $17.76M | $13.69M | $3.43M | — | — |
| LT Debt (USD) | $2.37M | $1.49M | — | — | — | — | — | — | — |
| Total Equity (USD) | $45.92M | $25.05M | $20.41M | $26.26M | $35.90M | $16.27M | $22.02M | — | — |
| Metric | FY 2025 Dec 31, 2025 20-F ↗ | FY 2024 Dec 31, 2024 20-F ↗ | FY 2023 Dec 31, 2023 20-F ↗ | FY 2022 Dec 31, 2022 20-F ↗ | FY 2021 Dec 31, 2021 20-F ↗ | FY 2020 Dec 31, 2020 20-F ↗ | FY 2019 Dec 31, 2019 20-F ↗ | FY 2018 Dec 31, 2018 20-F ↗ | FY 2017 Dec 31, 2017 20-F ↗ |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue/Turnover (USD) | $19.29M | $11.88M | $30.92M | $23.81M | $17.65M | $14.78M | $22.65M | $34.28M | — |
| Depreciation Expense (USD) | $752.00K | $728.00K | $624.00K | $446.00K | $513.00K | $988.00K | $821.00K | $1.44M | — |
| Net Income, GAAP (USD) | $-6.07M | $-13.45M | $-15.36M | $-29.25M | $-24.09M | $-28.91M | $7.45M | $-16.27M | — |
| Operating Cash Flow (USD) | $-32.36M | $-17.77M | $-14.21M | $-17.14M | $-21.79M | $-12.55M | $-13.89M | $-8.49M | — |
Secondary lens
Benchmark Lens
Compare WKEY against peers after checking the statement evidence.
Open lens
Benchmark Lens
Compare WKEY against peers after checking the statement evidence.
Signals
Key bullish and bearish indicators for WKEY
Debt to Equity is in the top quartile (lower is better)
Operating Margin (%) is in the bottom quartile
Profit Margin (%) is in the bottom quartile
Percentile Rankings
How WKEY compares to all companies
Peer Comparison
WKEY vs similar peers
Compare WKEY with peers
Stack WKEY against similar companies across every metric on this page.
north_east Open comparisonbar_chart Data from SEC EDGAR XBRL filings
Synced 1 week ago 9 years · 9 quarters