WISEKEY INTL HLDGS LTD (WSKEF) Financials

WSKEF

FY2025 annual

Revenue $19.3M +62.4% YoY

Net Income -$6.1M +54.8% YoY

Free Cash Flow -$33.1M -80.5% YoY

Operating Cash Flow -$32.4M -82.1% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 30, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Apr 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WSKEF SEC filings page.

WISEKEY INTL HLDGS LTD (WSKEF) reported $19.3M in revenue for fiscal year 2025, up 62.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).

Rhea AI WSKEF FY2025 2026-08-30

Financing-driven balance-sheet expansion coexists with an operating model that converts modest revenue into persistent cash deficits.

The company’s asset base expanded to $514.6M while FY2025 revenue remained $19.3M, making balance-sheet scale—not sales volume the dominant financial feature. That expansion coincided with financing cash flow of $399.5M, while liabilities reached $468.7M; the structure therefore appears funding-led rather than internally generated.

Operating cash flow was -$32.4M versus free cash flow of -$33.1M, showing that accounting activity did not translate into cash generation. Capital expenditures were only $743K, so the shortfall was primarily embedded in ongoing operations rather than a heavy reinvestment program.

Revenue recovered by 62.4%, while gross margin rose to 47.9%. Yet operating margin was -247.3% and net loss was -$6.1M, indicating that expense growth absorbed the gross-profit recovery.

Financial Health Signals

Financial health score not available

WISEKEY INTL HLDGS LTD 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.

Altman Z-Score Distress

-0.01

WISEKEY INTL HLDGS LTD scores -0.01, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($74.2M) relative to total liabilities ($468.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

WISEKEY INTL HLDGS LTD passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

WISEKEY INTL HLDGS LTD reported a net loss of $6.1M while operations used $32.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

WISEKEY INTL HLDGS LTD reported an operating loss of $47.7M against $224K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$429.2M

YoY+373.8%

QoQ+373.8%

WISEKEY INTL HLDGS LTD held $429.2M in cash against $2.4M in long-term debt as of Q4 2025.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Shares Outstanding

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

WSKEF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WSKEF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Revenue	$19.3M+62.4%	$11.9M-61.6%	$30.9M+29.8%	$23.8M+35.0%	$17.6M+19.4%	$14.8M-34.8%	$22.7M-33.9%	$34.3M+1.8%	$33.7M
Cost of Revenue	$9.5M+34.4%	$7.1M-54.9%	$15.8M+15.9%	$13.6M+37.3%	$9.9M+15.3%	$8.6M-33.4%	$12.9M-26.9%	$17.6M-1.5%	$17.9M
Gross Profit	$9.2M+115.2%	$4.3M-70.9%	$14.7M+46.1%	$10.1M+35.5%	$7.5M+36.4%	$5.5M-42.2%	$9.5M-40.8%	$16.0M+1.0%	$15.8M
R&D Expenses	$14.9M+111.8%	$7.0M+59.8%	$4.4M+13.9%	$3.9M-31.3%	$5.6M-6.6%	$6.0M-6.4%	$6.4M+21.0%	$5.3M-0.6%	$5.3M
SG&A Expenses	$27.9M+70.8%	$16.3M-5.6%	$17.3M+50.8%	$11.5M-18.5%	$14.1M+31.8%	$10.7M-32.4%	$15.8M+10.9%	$14.2M-7.6%	$15.4M
Operating Income	-$47.7M-73.9%	-$27.4M-106.2%	-$13.3M-27.4%	-$10.4M+50.7%	-$21.2M-14.2%	-$18.5M+9.6%	-$20.5M-126.3%	-$9.1M-15.1%	-$7.9M
EBITDA	-$45.4M-70.0%	-$26.7M-110.6%	-$12.7M-29.3%	-$9.8M+52.6%	-$20.7M-17.8%	-$17.5M+10.9%	-$19.7M-154.1%	-$7.7M-46.6%	-$5.3M
Interest Expense	$224K-77.9%	$1.0M+62.3%	$624K+271.4%	$168K-84.1%	$1.1M+47.2%	$718K-0.8%	$724K-74.9%	$2.9M+1081.6%	$244K
Income Tax	-$163K-105.3%	$3.1M+1241.7%	$230K+107.1%	-$3.2M-25007.7%	$13K+44.4%	$9K-30.8%	$13K-75.5%	$53K-25.4%	$71K
Net Income	-$6.1M+54.8%	-$13.4M+12.5%	-$15.4M+44.1%	-$27.5M-14.0%	-$24.1M+16.6%	-$28.9M-487.8%	$7.5M+145.8%	-$16.3M+34.3%	-$24.8M
EPS (Basic)	N/A	N/A	N/A	-$0.24+14.3%	-$0.28+58.2%	-$0.67-391.3%	$0.23+147.9%	-$0.48+41.5%	-$0.82
EPS (Diluted)	N/A	N/A	N/A	-$0.24+14.3%	-$0.28	-$0.67-391.3%	$0.23+147.9%	-$0.48+41.5%	-$0.82
Diluted Shares (Avg)	N/A	N/A	N/A	112M	N/A	0-100.0%	37M	0	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

WSKEF Balance Sheet

WSKEF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Total Assets	$514.6M+348.7%	$114.7M+139.9%	$47.8M-3.4%	$49.5M-44.3%	$88.8M+67.9%	$52.9M+6.0%	$49.9M-36.4%	$78.5M+16.8%	$67.2M
Current Assets	$455.8M+353.5%	$100.5M+234.0%	$30.1M-11.1%	$33.9M-20.3%	$42.5M+10.0%	$38.7M+63.9%	$23.6M-26.6%	$32.1M	N/A
Cash & Equivalents	$429.2M+373.8%	$90.6M+491.7%	$15.3M-26.1%	$20.7M-39.5%	$34.2M+74.1%	$19.6M+62.1%	$12.1M+32.5%	$9.1M-4.6%	$9.6M
Short-Term Investments	$10.0M	$0	$0	$0	$0-100.0%	$9.2M	$0	$0	$0
Inventory	$2.0M+41.9%	$1.4M-72.9%	$5.2M-30.4%	$7.5M+177.1%	$2.7M+9.5%	$2.5M-11.2%	$2.8M-33.4%	$4.2M	N/A
Accounts Receivable	$5.1M+19.2%	$4.3M-21.7%	$5.5M+112.6%	$2.6M-13.6%	$3.0M+2.7%	$2.9M-23.1%	$3.8M-50.5%	$7.6M	N/A
Long-Term Investments	$129K	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$14.0M+68.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%	$8.3M
Total Liabilities	$468.7M+422.8%	$89.6M+235.5%	$26.7M+4.9%	$25.5M-46.3%	$47.4M+23.3%	$38.5M+30.5%	$29.5M-60.4%	$74.5M+27.5%	$58.4M
Current Liabilities	$35.3M+65.4%	$21.3M+12.8%	$18.9M+0.4%	$18.8M-23.9%	$24.8M-0.9%	$25.0M+24.0%	$20.1M-42.2%	$34.9M	N/A
Non-Current Liabilities	$18.2M+191.0%	$6.2M-20.0%	$7.8M+17.6%	$6.6M-70.7%	$22.7M+68.2%	$13.5M+44.8%	$9.3M-76.5%	$39.6M	N/A
Long-Term Debt	$2.4M+59.2%	$1.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$45.9M+83.3%	$25.0M+22.7%	$20.4M-22.3%	$26.3M-26.8%	$35.9M+120.6%	$16.3M-26.1%	$22.0M+353.2%	$4.9M-44.3%	$8.7M
Retained Earnings	-$300.5M-2.1%	-$294.4M-4.8%	-$281.0M-5.8%	-$265.6M-11.5%	-$238.2M-9.3%	-$217.8M-15.2%	-$189.2M+4.1%	-$197.3M	N/A

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Total Assets	$514.6M+348.7%	$114.7M+139.9%	$47.8M-3.4%	$49.5M-44.3%	$88.8M+67.9%	$52.9M+6.0%	$49.9M-36.4%	$78.5M+16.8%
Current Assets	$455.8M+353.5%	$100.5M+234.0%	$30.1M-11.1%	$33.9M-20.3%	$42.5M+10.0%	$38.7M+63.9%	$23.6M-26.6%	$32.1M
Cash & Equivalents	$429.2M+373.8%	$90.6M+491.7%	$15.3M-26.1%	$20.7M-39.5%	$34.2M+74.1%	$19.6M+62.1%	$12.1M+32.5%	$9.1M-4.6%
Short-Term Investments	$10.0M	$0	$0	$0	$0-100.0%	$9.2M	$0	$0
Inventory	$2.0M+41.9%	$1.4M-72.9%	$5.2M-30.4%	$7.5M+177.1%	$2.7M+9.5%	$2.5M-11.2%	$2.8M-33.4%	$4.2M
Accounts Receivable	$5.1M+19.2%	$4.3M-21.7%	$5.5M+112.6%	$2.6M-13.6%	$3.0M+2.7%	$2.9M-23.1%	$3.8M-50.5%	$7.6M
Long-Term Investments	$129K	$0	$0	$0	$0	$0	$0	$0
Goodwill	$14.0M+68.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%	$8.3M0.0%
Total Liabilities	$468.7M+422.8%	$89.6M+235.5%	$26.7M+4.9%	$25.5M-46.3%	$47.4M+23.3%	$38.5M+30.5%	$29.5M-60.4%	$74.5M+27.5%
Current Liabilities	$35.3M+65.4%	$21.3M+12.8%	$18.9M+0.4%	$18.8M-23.9%	$24.8M-0.9%	$25.0M+24.0%	$20.1M-42.2%	$34.9M
Non-Current Liabilities	$18.2M+191.0%	$6.2M-20.0%	$7.8M+17.6%	$6.6M-70.7%	$22.7M+68.2%	$13.5M+44.8%	$9.3M-76.5%	$39.6M
Long-Term Debt	$2.4M+59.2%	$1.5M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$45.9M+83.3%	$25.0M+22.7%	$20.4M-22.3%	$26.3M-26.8%	$35.9M+120.6%	$16.3M-26.1%	$22.0M+353.2%	$4.9M-44.3%
Retained Earnings	-$300.5M-2.1%	-$294.4M-4.8%	-$281.0M-5.8%	-$265.6M-11.5%	-$238.2M-9.3%	-$217.8M-15.2%	-$189.2M+4.1%	-$197.3M

WSKEF Cash Flow Statement

WSKEF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Operating Cash Flow	-$32.4M-82.1%	-$17.8M-25.1%	-$14.2M+17.1%	-$17.1M+21.3%	-$21.8M-73.6%	-$12.6M+9.7%	-$13.9M-63.6%	-$8.5M-72.2%	-$4.9M
Depreciation & Amortization	$2.3M+217.7%	$728K+16.3%	$625K-1.5%	$635K+29.3%	$491K-50.3%	$988K+20.3%	$821K-37.5%	$1.3M-49.1%	$2.6M
Stock-Based Compensation	$8.3M+606.2%	$1.2M+564.0%	$178K-76.1%	$744K-80.3%	$3.8M+862.6%	$393K-92.7%	$5.4M+226.1%	$1.7M-25.6%	$2.2M
Capital Expenditures	$743K+30.1%	$571K-81.1%	$3.0M+897.0%	$303K+741.7%	$36K-30.8%	$52K-82.3%	$293K-76.4%	$1.2M+85.9%	$669K
Free Cash Flow	-$33.1M-80.5%	-$18.3M-6.5%	-$17.2M+1.3%	-$17.4M+20.1%	-$21.8M-73.2%	-$12.6M+11.2%	-$14.2M-45.7%	-$9.7M-73.9%	-$5.6M
Investing Cash Flow	-$28.3M-15935.8%	$179K+105.9%	-$3.0M-524.2%	-$484K+80.8%	-$2.5M+35.2%	-$3.9M-110.6%	$36.6M+963.0%	-$4.2M+67.0%	-$12.9M
Financing Cash Flow	$399.5M+330.0%	$92.9M+684.1%	$11.8M+183.2%	$4.2M-88.7%	$37.0M+72.1%	$21.5M+24.3%	$17.3M+45.5%	$11.9M-53.4%	$25.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$141K-73.9%	$540K
Share Buybacks	N/A	N/A	$2K-98.0%	$102K	N/A	$1.1M+10.7%	$1.0M+13.9%	$900K	$0

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

WSKEF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WSKEF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K
Gross Margin	47.9%+11.7pp	36.1%-11.5pp	47.7%+5.3pp	42.4%+0.2pp	42.2%+5.2pp	37.0%-4.8pp	41.7%-4.8pp	46.6%-0.4pp	46.9%
Operating Margin	-247.3%	-230.9%	-43.0%+0.8pp	-43.8%	-119.9%	-125.4%	-90.5%-64.1pp	-26.4%-3.1pp	-23.4%
Net Margin	-31.5%	-113.2%	-49.7%	-115.4%	-136.5%	-195.6%	32.9%+80.4pp	-47.4%+26.1pp	-73.5%
Return on Equity	-13.2%+40.5pp	-53.7%+21.6pp	-75.3%+29.4pp	-104.6%-37.5pp	-67.1%+110.6pp	-177.7%-211.5pp	33.9%+368.7pp	-334.8%-51.1pp	-283.7%
Return on Assets	-1.2%+10.5pp	-11.7%+20.4pp	-32.1%+23.4pp	-55.5%-28.4pp	-27.1%+27.5pp	-54.7%-69.6pp	14.9%+35.7pp	-20.7%+16.1pp	-36.9%
Current Ratio	12.92+8.2x	4.71+3.1x	1.59-0.2x	1.80+0.1x	1.72+0.2x	1.55+0.4x	1.17+0.2x	0.92	N/A
Debt-to-Equity	0.050.0x	0.06-1.2x	1.31+0.3x	0.97-0.4x	1.32-1.0x	2.36+1.0x	1.34-14.0x	15.33+8.6x	6.70
Asset Turnover	0.04-0.1x	0.10-0.5x	0.65+0.2x	0.48+0.3x	0.20-0.1x	0.28-0.2x	0.450.0x	0.44-0.1x	0.50
FCF Margin	-171.6%	-154.5%	-55.7%+17.5pp	-73.3%	-123.7%	-85.3%-22.7pp	-62.6%-34.2pp	-28.4%-11.8pp	-16.6%

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Current Ratio	12.92+8.2x	4.71+3.1x	1.59-0.2x	1.80+0.1x	1.72+0.2x	1.55+0.4x	1.17+0.2x	0.92
Debt-to-Equity	0.050.0x	0.06-1.2x	1.31+0.3x	0.97-0.4x	1.32-1.0x	2.36+1.0x	1.34-14.0x	15.33+8.6x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where WISEKEY INTL HLDGS LTD Ranks

Frequently Asked Questions

What is WISEKEY INTL HLDGS LTD's annual revenue?

WISEKEY INTL HLDGS LTD (WSKEF) reported $19.3M in total revenue for fiscal year 2025. This represents a 62.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is WISEKEY INTL HLDGS LTD's revenue growing?

WISEKEY INTL HLDGS LTD (WSKEF) revenue grew by 62.4% year-over-year, from $11.9M to $19.3M in fiscal year 2025.

Is WISEKEY INTL HLDGS LTD profitable?

No, WISEKEY INTL HLDGS LTD (WSKEF) reported a net income of -$6.1M in fiscal year 2025, with a net profit margin of -31.5%.

What is WISEKEY INTL HLDGS LTD's EBITDA?

WISEKEY INTL HLDGS LTD (WSKEF) had EBITDA of -$45.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does WISEKEY INTL HLDGS LTD have?

As of fiscal year 2025, WISEKEY INTL HLDGS LTD (WSKEF) had $429.2M in cash and equivalents against $2.4M in long-term debt.

What is WISEKEY INTL HLDGS LTD's gross margin?

WISEKEY INTL HLDGS LTD (WSKEF) had a gross margin of 47.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is WISEKEY INTL HLDGS LTD's net profit margin?

WISEKEY INTL HLDGS LTD (WSKEF) had a net profit margin of -31.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is WISEKEY INTL HLDGS LTD's return on equity (ROE)?

WISEKEY INTL HLDGS LTD (WSKEF) has a return on equity of -13.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is WISEKEY INTL HLDGS LTD's free cash flow?

WISEKEY INTL HLDGS LTD (WSKEF) recorded an outflow of $33.1M in free cash flow during fiscal year 2025. This represents a -80.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is WISEKEY INTL HLDGS LTD's operating cash flow?

WISEKEY INTL HLDGS LTD (WSKEF) recorded an outflow of $32.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are WISEKEY INTL HLDGS LTD's total assets?

WISEKEY INTL HLDGS LTD (WSKEF) had $514.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are WISEKEY INTL HLDGS LTD's capital expenditures?

WISEKEY INTL HLDGS LTD (WSKEF) invested $743K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does WISEKEY INTL HLDGS LTD spend on research and development?

WISEKEY INTL HLDGS LTD (WSKEF) invested $14.9M in research and development during fiscal year 2025.

What is WISEKEY INTL HLDGS LTD's current ratio?

WISEKEY INTL HLDGS LTD (WSKEF) had a current ratio of 12.92 as of fiscal year 2025, which is generally considered healthy.

What is WISEKEY INTL HLDGS LTD's debt-to-equity ratio?

WISEKEY INTL HLDGS LTD (WSKEF) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is WISEKEY INTL HLDGS LTD's return on assets (ROA)?

WISEKEY INTL HLDGS LTD (WSKEF) had a return on assets of -1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is WISEKEY INTL HLDGS LTD's Altman Z-Score?

WISEKEY INTL HLDGS LTD (WSKEF) has an Altman Z-Score of -0.01, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is WISEKEY INTL HLDGS LTD's Piotroski F-Score?

WISEKEY INTL HLDGS LTD (WSKEF) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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 WISEKEY INTL HLDGS LTD's earnings high quality?

WISEKEY INTL HLDGS LTD (WSKEF) reported a net loss of $6.1M while operations used $32.4M 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.

Can WISEKEY INTL HLDGS LTD cover its interest payments?

WISEKEY INTL HLDGS LTD (WSKEF) reported an operating loss of $47.7M against $224K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.