Wisekey International Holding S.A.
WKEY, WSKEF · Services-Computer Processing & Data Preparation · EDGAR filings ↗
Grade
D40Cybersecurity/IoT-semiconductor company with deep losses and cash burn, cash-rich.
Strengths
- Cash-rich, growing — current ratio 12.9 (94th), revenue +62%
Risks
- Deep losses — operating margin -247%
- Cash burn — FCF -$33M (11th)
- Scale/commercialization risk — per 10-K
Notable findings
- Net lossNet loss (net margin -31.5%)
- Cash burnNegative free cash flow (-33.1M)
- Strong balance sheetStrong balance sheet — $439M cash & investments, ~53 quarters of runway
- China exposure● WISeSat may face additional risks related to sovereign-control requirements, “national preference” policies, defense-related contracting risks, and export controls
- Notable holderHeld by 1 notable fund(s): CITADEL ADVISORS LLC (as of 2026-03-31)
Key metrics
Gross margin
47.9%
Operating margin
-247.3%
Net margin
-31.5%
Return on equity
-13.2%
Return on assets
-1.2%
ROIC
-78.0%
Revenue growth (QoQ)
62.4%
Debt / equity
0.1×
Current ratio
12.9×
Free cash flow
-$33M
Tangible book value
$11M
Cash & investments
$439M
Cash runway
53q
Stock comp / revenue
43.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Feuardent Moreira Andreas | Option exercise | 440 | $3.14 |
| 2026-06-08 | Feuardent Moreira Andreas | Tax withheld | 139 | $10.51 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001104659-26-053033 ↗ |
| 20-F | 2025-04-17 | 2024-12-31 | 0001193805-25-000523 ↗ |
| 20-F | 2024-05-15 | 2023-12-31 | 0001193805-24-000652 ↗ |
| 20-F | 2023-04-28 | 2022-12-31 | 0001193805-23-000625 ↗ |
| 20-F | 2022-04-13 | 2021-12-31 | 0001193805-22-000627 ↗ |
| 20-F | 2021-04-29 | 2020-12-31 | 0001193805-21-000568 ↗ |
| 20-F | 2020-03-13 | 2019-12-31 | 0001193805-20-000353 ↗ |