Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Leonteq AG is a Swiss fintech company headquartered in Zurich, founded in 2007, specializing in structured investment solutions and related services. It operates a proprietary technology platform that enables the issuance and distribution of derivative products, including capital protection, yield enhancement, participation, leverage, and other categories, catering to diverse investor needs across equities, indices, ETFs, commodities, crypto assets, and funds. Leonteq serves as both a direct issuer and a partner to banks, insurers, asset managers, and other financial institutions, facilitating unit-linked pension products with guarantees for life insurance companies. With a global footprint spanning Switzerland, Europe, Asia, and the Middle East through 14 offices, it supports over 1,500 distribution partners and more than 900 active clients. The company emphasizes digital tools like LynQs for product lifecycle management, actively managed certificates, and ESG integration, holding an 'AA' MSCI rating and investment-grade credit ratings. Leonteq plays a key role in the financial markets by democratizing access to tailored, cost-efficient structured products, driving innovation in wealth management and retirement solutions.
The business is unprofitable at the operating level (-13.73% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 16.7% YoY. Margins deteriorated 6.4pp alongside, both lines moving the wrong way.
Operating margin contracted 6.4pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
CHF 179M
▼ -16.7% YoY
Net Income (TTM)
-CHF 34M
▼ -677.4% YoY
Op. Margin
-13.73%
▼ -6.4pp YoY
ROIC
-2.40%
▼ -1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
CHF 29M
▲ +166.1% YoY
Op. Cash Flow (TTM)
CHF 134M
▲ +436.0% YoY
Net Debt
-CHF 3.79B
Net Cash Position
Cash & Equiv.
CHF 3.82B
3Y CAGR: -7.3%
3Y CAGR: -57.7%
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