WISeQey (WSKEF) Financials
Newest figures come from the 20-F 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.
WISeQey Corp (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 (20-F and 6-K reports).
FY2025 revenue recovered, but expanding overhead and development spending absorbed the improvement while financing reshaped the balance sheet.
Accounting losses narrowed from$13.4M to$6.1M , yet operating cash flow worsened from$17.8M of outflow to$32.4M , so the improved bottom line did not translate into better cash generation. The gap indicates that FY2025 earnings were helped by below-operating-line items rather than by a stronger operating engine.
Gross margin recovered to
Financing dominated the balance-sheet change: total assets rose to
Financial Health Signals
We do not publish a peer-relative financial health score for WISeQey Corp, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
WISeQey Corp 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 operating efficiency signals passes.
WISeQey Corp 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.
WISeQey Corp 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
Earnings & Revenue
WISeQey Corp generated $19.3M in revenue in fiscal year 2025. This represents an increase of 62.4% from the prior year.
WISeQey Corp's EBITDA was -$45.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
WISeQey Corp reported a net loss of $6.1M in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Cash & Balance Sheet
WISeQey Corp recorded an outflow of $33.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
WISeQey Corp held $429.2M in cash against $2.4M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
WISeQey Corp's gross margin was 47.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 11.7 percentage points from the prior year.
WISeQey Corp's net profit margin was -31.5% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
WISeQey Corp's ROE was -13.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 40.5 percentage points from the prior year.
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.
Capital Allocation
WISeQey Corp invested $14.9M in research and development in fiscal year 2025. This represents an increase of 111.8% from the prior year.
WISeQey Corp invested $743K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 30.1% from the prior year.
Not reported for fiscal year 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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| 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 | $42.3M+69.9% | $24.9M+4.5% | $23.8M+27.1% | $18.7M-19.1% | $23.2M+28.6% | $18.0M-24.0% | $23.7M+18.6% | $20.0M+0.7% | $19.9M |
| Operating Income | -$47.7Mn/m | -$27.4Mn/m | -$13.3Mn/m | -$10.4Mn/m | -$21.2Mn/m | -$18.5Mn/m | -$20.5Mn/m | -$9.1Mn/m | -$7.9M |
| EBITDA | -$45.4Mn/m | -$26.7Mn/m | -$12.7Mn/m | -$9.8Mn/m | -$20.7Mn/m | -$17.5Mn/m | -$19.7Mn/m | -$7.7Mn/m | -$5.3M |
| Interest Expense | $224K-77.9% | $1.0M+62.3% | $624K+271.4% | $168K-84.1% | $1.1M+130.8% | $458K-38.3% | $742K+394.7% | $150K-72.4% | $543K |
| Income Tax | -$163K-105.3% | $3.1M+1241.7% | $230Kn/m | -$3.2M-25007.7% | $13K+44.4% | $9K-30.8% | $13K-75.5% | $53K-25.4% | $71K |
| Net Income | -$6.1Mn/m | -$13.4Mn/m | -$15.4Mn/m | -$27.5Mn/m | -$24.1Mn/m | -$28.9M-487.8% | $7.5Mn/m | -$16.3Mn/m | -$24.8M |
| EPS (Basic) | N/A | N/A | N/A | -$0.24n/m | -$0.28 | -$0.67-391.3% | $0.23n/m | -$0.48n/m | -$0.82 |
| EPS (Diluted) | N/A | N/A | N/A | -$0.24n/m | -$0.28 | -$0.67-391.3% | $0.23n/m | -$0.48n/m | -$0.82 |
| Diluted Shares (Avg) | N/A | N/A | N/A | 112M | N/A | 0-100.0% | 37Mn/m | 0 | N/A |
WSKEF Balance Sheet
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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| 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 | $10.0Mn/m | $0n/m | $0n/m | $0n/m | $0-100.0% | $9.2Mn/m | $0 | N/A | $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 | $129Kn/m | $0n/m | $0 | N/A | N/A | N/A | N/A | N/A | $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 | N/A |
| 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 | $0-100.0% | $23.9M | 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 | N/A |
| Retained Earnings | -$300.5Mn/m | -$294.4Mn/m | -$281.0Mn/m | -$265.6Mn/m | -$238.2Mn/m | -$217.8Mn/m | -$189.2Mn/m | -$197.3M | N/A |
WSKEF Cash Flow 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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$32.4Mn/m | -$17.8Mn/m | -$14.2Mn/m | -$17.1Mn/m | -$21.8Mn/m | -$12.6Mn/m | -$13.9Mn/m | -$8.5Mn/m | -$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 | -$33.1Mn/m | -$18.3Mn/m | -$17.2Mn/m | -$17.4Mn/m | -$21.8Mn/m | -$12.6Mn/m | -$14.2Mn/m | -$9.7Mn/m | -$5.6M |
| Investing Cash Flow | -$28.3M-15935.8% | $179Kn/m | -$3.0Mn/m | -$484Kn/m | -$2.5Mn/m | -$3.9M-110.6% | $36.6Mn/m | -$4.2Mn/m | -$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% | $900Kn/m | $0 |
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.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F | FY1720-F |
|---|---|---|---|---|---|---|---|---|---|
| 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% | N/A |
| 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 | N/A | N/A | N/A | N/A | 0.00-4.9x | 4.93 | N/A |
| Liabilities-to-Equity | 10.21+6.6x | 3.58+2.3x | 1.31+0.3x | 0.97-0.4x | 1.32-1.0x | 2.36+1.0x | 1.34-14.0x | 15.33 | N/A |
| 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% |
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: Operating Margin, Net Margin, FCF Margin.
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Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| WISeQey Corp WSKEF | FY2025 | $19.3M | -$6.1M | -31.5% | N/A | — |
| Avrupa Minerals Ltd AVPMF | FY2025 | N/A | -$201K | N/A | $6.9M | — |
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| Alithya Group Inc A VTG ALYAF | FY2026 | $342.1M | -$27.8M | -8.1% | $71.9M | — |
| ING Groep NV INGVF | FY2025 | $30.1B | $9.8B | 32.4% | $91.9B | — |
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Where WISeQey Corp Ranks
Frequently Asked Questions
WISeQey Corp (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.
WISeQey Corp (WSKEF) revenue grew by 62.4% year-over-year, from $11.9M to $19.3M in fiscal year 2025.
No, WISeQey Corp (WSKEF) reported a net loss of $6.1M in fiscal year 2025, with a net profit margin of -31.5%.
WISeQey Corp (WSKEF) had EBITDA of -$45.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, WISeQey Corp (WSKEF) had $429.2M in cash and equivalents against $2.4M in long-term debt.
WISeQey Corp (WSKEF) had a gross margin of 47.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
WISeQey Corp (WSKEF) had a net profit margin of -31.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
WISeQey Corp (WSKEF) has a return on equity of -13.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
WISeQey Corp (WSKEF) recorded an outflow of $33.1M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
WISeQey Corp (WSKEF) recorded an outflow of $32.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
WISeQey Corp (WSKEF) had $514.6M in total assets as of fiscal year 2025, including both current and long-term assets.
WISeQey Corp (WSKEF) invested $743K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
WISeQey Corp (WSKEF) invested $14.9M in research and development during fiscal year 2025.
WISeQey Corp (WSKEF) had a current ratio of 12.92 as of fiscal year 2025, which is generally considered healthy.
WISeQey Corp (WSKEF) had a debt-to-equity ratio of 0.05 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
WISeQey Corp (WSKEF) had a liabilities-to-equity ratio of 10.21 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
WISeQey Corp (WSKEF) had a return on assets of -1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
WISeQey Corp (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.
WISeQey Corp (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.
WISeQey Corp (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.