v3.26.1
Business combination (Tables)
12 Months Ended
Dec. 31, 2025
Business combination  
Schedule of total consideration transferred for the acquisition

  ​ ​ ​

USD’000

Cash consideration (EUR 10,000,000)

 

11,429

Equity consideration (823,988 SEALSQ ordinary shares at USD 2.99)

 

2,464

Total consideration transferred

 

13,893

Schedule of final allocation of purchase price and goodwill recognized

USD’000

Cash and cash equivalents

  ​ ​ ​

879

Current assets

 

3,182

Property, plant and equipment, net of accumulated depreciation

 

237

Intangible assets (pre-existing), net of accumulated amortization

3,526

Right-of-use assets

 

3,465

Other noncurrent assets

 

124

Identifiable intangible assets

 

17,665

Total assets acquired

 

29,078

Total current liabilities

 

(4,467)

Long-term liabilities (excluding deferred tax liabilities)

 

(11,806)

Deferred income tax liability

 

(4,416)

Total liabilities assumed

 

(20,689)

Net identifiable assets acquired

 

8,389

USD’000

Total consideration transferred

  ​ ​ ​

13,893

Less: net identifiable assets acquired

 

(8,389)

Goodwill recognized at Acquisition Date

 

5,504

Schedule of acquired identifiable intangible assets

Fair value

Useful life

Intangible asset

  ​ ​ ​

USD’000

  ​ ​ ​

Years

Customer relationships

 

12,772

 

19

Accreditations

 

1,284

 

3

Corp trade name

 

657

 

9

Technology

 

1,526

 

9

Software

 

163

 

9

Backlog

 

1,263

 

2

Acquired identifiable intangible assets

 

17,665

 

15.3

Schedule of unaudited pro forma consolidated financial information

12 months ended December 31,

USD’000

  ​ ​ ​

2025

  ​ ​ ​

2024

Revenue

 

25,198

 

21,130

Net income (loss)

 

(39,611)

 

(24,882)