Sequans Communications S A Financials
Sequans Communications S A (SQNS) reported $33.6M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Sequans’ reported economics are being shaped more by balance-sheet resets than by internally generated cash, with short-term liabilities driving pressure.
The FY2024 swing to$57.6M of net income did not create operating self-funding: operating cash flow stayed negative at-$19.5M , while a$93.7M investing inflow and-$70.8M financing outflow point to a balance-sheet transaction reshaping the year. That helps explain why the cleaner FY2024 capital structure was not durable and FY2025 returned to negative equity.
By FY2025, the strain looks mostly short-term rather than driven by heavy long-dated borrowing:
Across FY2023-FY2025, operating cash flow stayed negative every year, ranging from
Financial Health Signals
Sequans Communications S A does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Sequans Communications S A passes 1 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Sequans Communications S A reported a net loss of $41.0M while operations used $7.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Sequans Communications S A generated $33.6M in revenue in fiscal year 2025.
Sequans Communications S A reported -$41.0M in net income in fiscal year 2025. This represents a decrease of 171.2% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Sequans Communications S A held $5.7M in cash against $1.6M in long-term debt as of fiscal year 2025, with $107.9M of liabilities due within a year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
SQNS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $48.3M+5.9% | $45.6M+40.1% | $32.5M |
| Interest Expense | $479K+49.2% | $321K-33.0% | $479K-16.1% | $571K-24.9% | $760K-2.6% | $780K+25.4% | $622K | $0 | $0 | N/A | N/A |
| Income Tax | $2.7M-24.4% | $3.5M+32.3% | $2.7M-2.7% | $2.7M+339.7% | $625K-33.2% | $936K+219.5% | -$783K+19.1% | -$968K-422.7% | $300K+5.6% | $284K-10.4% | $317K |
| Net Income | -$41.0M-171.2% | $57.6M+240.4% | -$41.0M-355.0% | -$9.0M+55.5% | -$20.3M+62.8% | -$54.5M-48.4% | -$36.7M-1.4% | -$36.2M-38.5% | -$26.2M-5.5% | -$24.8M+9.5% | -$27.4M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EPS (Diluted).
SQNS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $109.2M+2.5% | $106.5M-2.4% | $109.2M+10.5% | $98.8M+10.3% | $89.6M+2.8% | $87.2M+37.7% | $63.3M+1.2% | $62.6M+9.7% | $57.1M-12.3% | $65.1M+33.2% | $48.9M |
| Current Assets | $36.9M-60.3% | $93.0M+152.0% | $36.9M-8.8% | $40.4M-1.1% | $40.9M-20.9% | $51.7M+39.6% | $37.0M-14.2% | $43.2M+8.6% | $39.7M-20.6% | $50.1M+39.8% | $35.8M |
| Cash & Equivalents | $5.7M-37.3% | $9.1M+59.4% | $5.7M+0.6% | $5.7M+17.3% | $4.8M-36.2% | $7.6M-46.3% | $14.1M+16.6% | $12.1M+310.0% | $2.9M-85.4% | $20.2M+143.8% | $8.3M |
| Inventory | $6.3M+120.4% | $2.9M-54.6% | $6.3M-32.5% | $9.4M+45.9% | $6.4M+3.3% | $6.2M-6.6% | $6.7M-19.2% | $8.2M+11.8% | $7.4M-15.2% | $8.7M+113.8% | $4.1M |
| Goodwill | $3.7M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $115.2M+125.2% | $51.2M-55.6% | $115.2M+19.2% | $96.7M-15.1% | $113.9M-8.1% | $124.0M+34.0% | $92.5M+37.6% | $67.3M+26.9% | $53.0M-5.7% | $56.2M+12.2% | $50.1M |
| Current Liabilities | $107.9M+155.7% | $42.2M-60.9% | $107.9M+192.8% | $36.8M-24.4% | $48.7M-22.1% | $62.5M+64.3% | $38.1M+40.0% | $27.2M-2.7% | $27.9M-11.2% | $31.5M+8.0% | $29.1M |
| Long-Term Debt | $1.6M+394.0% | $333K-79.8% | $1.6M-27.8% | $2.3M-32.5% | $3.4M-29.2% | $4.8M+48.6% | $3.2M | $0 | $0 | N/A | N/A |
| Total Equity | -$6.1M-111.0% | $55.4M+1011.9% | -$6.1M-388.5% | $2.1M+108.7% | -$24.3M+34.0% | -$36.8M-25.9% | -$29.2M-522.8% | -$4.7M-215.9% | $4.0M-54.3% | $8.9M+809.9% | -$1.2M |
| Retained Earnings | -$93.4M-160.8% | -$35.8M+61.7% | -$93.4M-43.4% | -$65.1M+83.0% | -$383.6M-5.6% | -$363.3M-17.7% | -$308.8M-13.5% | -$272.0M-15.4% | -$235.7M-12.5% | -$209.6M-13.4% | -$184.8M |
Not reported in any period shown, so not listed: Accounts Receivable.
SQNS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$7.3M+62.8% | -$19.5M-168.7% | -$7.3M-294.8% | -$1.8M+78.4% | -$8.5M+56.1% | -$19.4M-481.1% | $5.1M+122.3% | -$22.8M+20.2% | -$28.6M-83.6% | -$15.6M+5.0% | -$16.4M |
| Investing Cash Flow | -$24.4M-126.1% | $93.7M+483.4% | -$24.4M+6.2% | -$26.0M-32.4% | -$19.7M+20.6% | -$24.8M-172.1% | -$9.1M-3.8% | -$8.8M-35.3% | -$6.5M-22.9% | -$5.3M+1.4% | -$5.3M |
| Financing Cash Flow | $31.7M+144.8% | -$70.8M-323.1% | $31.7M+10.5% | $28.7M+12.9% | $25.4M-32.4% | $37.6M+524.5% | $6.0M-85.2% | $40.7M+128.4% | $17.8M-45.6% | $32.8M+85.1% | $17.7M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
SQNS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -121.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -54.2%+0.2pp | -54.4%+29.9pp | -84.2% |
| Return on Equity | N/A | 104.0% | N/A | -428.1% | N/A | N/A | N/A | N/A | -646.3%-366.5pp | -279.8% | N/A |
| Return on Assets | -37.5%-91.6pp | 54.0%+91.6pp | -37.5%-28.4pp | -9.1%+13.5pp | -22.6%+39.9pp | -62.5%-4.5pp | -58.0%-0.1pp | -57.9%-12.0pp | -45.9%-7.8pp | -38.1%+18.0pp | -56.1% |
| Current Ratio | 0.34-1.9x | 2.20+1.9x | 0.34-0.8x | 1.10+0.3x | 0.840.0x | 0.83-0.1x | 0.97-0.6x | 1.59+0.2x | 1.42-0.2x | 1.59+0.4x | 1.23 |
| Debt-to-Equity | N/A | 0.01 | N/A | 1.08 | N/A | N/A | N/A | N/A | 0.00-6.3x | 6.34 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Note: Shareholder equity is negative (-$6.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.34), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Where Sequans Communications S A Ranks
Frequently Asked Questions
What is Sequans Communications S A's annual revenue?
Sequans Communications S A (SQNS) reported $33.6M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Sequans Communications S A profitable?
No, Sequans Communications S A (SQNS) reported a net income of -$41.0M in fiscal year 2025.
How much debt does Sequans Communications S A have?
As of fiscal year 2025, Sequans Communications S A (SQNS) had $5.7M in cash and equivalents against $1.6M in long-term debt.
What is Sequans Communications S A's operating cash flow?
Sequans Communications S A (SQNS) recorded an outflow of $7.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Sequans Communications S A's total assets?
Sequans Communications S A (SQNS) had $109.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Sequans Communications S A's current ratio?
Sequans Communications S A (SQNS) had a current ratio of 0.34 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Sequans Communications S A's return on assets (ROA)?
Sequans Communications S A (SQNS) had a return on assets of -37.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Sequans Communications S A's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Sequans Communications S A (SQNS) held $5.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $7.3M over that year. Dividing the one by the other, the reported balance equals about 9 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Sequans Communications S A's debt-to-equity ratio negative or not reported?
Sequans Communications S A (SQNS) has negative shareholder equity of -$6.1M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Sequans Communications S A's Piotroski F-Score?
Sequans Communications S A (SQNS) has a Piotroski F-Score of 1 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sequans Communications S A's earnings high quality?
Sequans Communications S A (SQNS) reported a net loss of $41.0M while operations used $7.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.