SEALSQ Announces FY 2025 Preliminary Unaudited Key Operational and Financial Metrics

Rhea-AI Summary

SEALSQ (NASDAQ: LAES) reported preliminary unaudited FY2025 metrics showing $18 million in revenue, a +66% YoY increase, including $8 million in Q4 2025. The company ended December 31, 2025 with a cash position of over $425 million after deploying $30 million toward strategic investments and acquisitions. SEALSQ completed the acquisition of IC'ALPS on August 4, 2025 for a fixed price of EUR 12.5 million plus a possible EUR 4 million earn-out; the deal added ~90 engineers. The company reiterates FY2026 revenue guidance of +50% to +100% YoY and discloses a business pipeline exceeding $200 million for 2026–2028.

Positive

• Revenue +66% YoY to $18 million
• Q4 2025 revenue of $8 million
• Cash balance of over $425 million at Dec 31, 2025
• Business pipeline > $200 million (2026–2028)
• Acquisition of IC'ALPS for EUR 12.5M, adding ~90 engineers
• FY2026 revenue guidance of +50% to +100% YoY

Negative

• Revenue base remains modest at $18 million in FY2025
• Revenue was adversely impacted by transition to next‑gen products
• FY2025 financials are preliminary and unaudited
• IC'ALPS acquisition carries a potential EUR 4 million earn‑out

News Market Reaction

-0.92%

1 alert

-0.92% News Effect

On the day this news was published, LAES declined 0.92%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

2025 revenue growth: 66% year-on-year 2025 revenue: $18 million Q4 2025 revenue: $8 million +5 more

8 metrics

2025 revenue growth 66% year-on-year Preliminary unaudited FY 2025 vs prior year

2025 revenue $18 million Preliminary unaudited full-year 2025 revenue

Q4 2025 revenue $8 million Preliminary unaudited Q4 2025 revenue

Q4 2024 revenue $4 million Revenue in equivalent quarter prior year

Year-end cash Over $425 million Cash position as of December 31, 2025

2026–2028 pipeline Over $200 million Business pipeline potential revenue 2026–2028

QS7001/Qvault pipeline Over $60 million Potential opportunities from QS7001 and Qvault TPM in 2026–2028

IC’ALPS purchase price EUR 12.5 million Fixed consideration for IC’ALPS acquisition (excl. earn-out)

Market Reality Check

Price: $4.92 Vol: Volume 9,274,782 vs 20-da...

normal vol

$4.92 Last Close

Volume Volume 9,274,782 vs 20-day average 8,657,552 (relative volume 1.07x) before this release. normal

Technical Shares at $4.35 were trading above the 200-day MA of $3.81, roughly mid-range between the $1.99 52-week low and $8.71 high.

Peers on Argus

LAES was up 4.57% pre-news. Selected semiconductor peers showed modest gains (e....

1 Up

LAES was up 4.57% pre-news. Selected semiconductor peers showed modest gains (e.g., CEVA +2.96%, SKYT +4.17%), while only LASR appeared on the momentum scanner at +7.05%. Scanner data flags this as stock-specific rather than a broad sector move.

Historical Context

5 past events · Latest: Jan 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 09	India JV agreement	Positive	+0.7%	Final binding JV to build sovereign post-quantum semiconductor platform in India.
Jan 07	Tech demonstration	Positive	-2.4%	Announcement of post-quantum robotics Proof of Concept at Davos roundtable.
Jan 05	India roadshow	Positive	+2.6%	C-suite India roadshow for semiconductor center, partnerships, and space collaboration.
Dec 22	Year-end letter	Positive	+5.2%	CEO letter outlining 2025 milestones, uplisting, cash position, and pipeline growth.
Dec 19	Strategic plan	Positive	+0.5%	Release of 2026–2030 plan for silicon-based quantum computing and security integration.

Pattern Detected

Recent news has generally been positive with share price often responding constructively; 4 of the last 5 items showed price moves aligned with positive strategic announcements.

Recent Company History

Over the last month, SEALSQ has highlighted a series of strategic initiatives. On Dec 19, 2025, it unveiled a 2026–2030 quantum-computing roadmap, followed by a Dec 22 CEO letter noting a ~$200M pipeline and cash above $440M. Early January 2026 brought India-focused roadshows and a JV with Kaynes SemiCon for sovereign post-quantum semiconductors. A Davos robotics demonstration further showcased its post-quantum capabilities. Today’s preliminary FY 2025 metrics and FY 2026 growth guidance extend this trajectory of scaling quantum-security and semiconductor operations.

Market Pulse Summary

This announcement outlines preliminary FY 2025 revenue of $18M with 66% growth, Q4 revenue of $8M, a...

Analysis

This announcement outlines preliminary FY 2025 revenue of $18M with 66% growth, Q4 revenue of $8M, and cash exceeding $425M, alongside a business pipeline above $200M for 2026–2028. It builds on recent acquisitions like IC’ALPS and investments in WISeSat and quantum services. Investors may focus on how quickly QS7001 and PKI contracts ramp, the sustainability of high growth targets, and the execution risks tied to integrating new assets and scaling quantum-security offerings.

Key Terms

public key infrastructure, post-quantum, quantum key distribution (qkd), asic, +4 more

8 terms

public key infrastructure technical

"SEALSQ is making significant strides in its smart meter and Public Key Infrastructure (PKI) offerings"

A public key infrastructure (PKI) is the system of digital keys, certificates and trusted procedures that proves who is on the other end of an electronic interaction and encrypts the data they exchange. Think of it as a verified digital mailroom and set of padlocks: one key is shared publicly to lock messages and a matching secret key unlocks them, which helps prevent fraud, supports secure transactions, regulatory compliance and preserves investor trust in a company’s digital operations.

post-quantum technical

"a leader in Semiconductors, PKI, and Post-Quantum technology today announced"

Post-quantum describes technology, especially encryption methods, designed to stay secure against powerful future quantum computers that could break today’s digital locks. For investors, it signals which products, services or suppliers are preparing for a major shift in cybersecurity risk—similar to choosing a safe built to resist a new kind of drill—affecting costs, liability, competitive advantage and regulatory compliance across industries.

quantum key distribution (qkd) technical

"aimed at enabling space-based Quantum Key Distribution (QKD) communications"

Quantum key distribution (QKD) is a method of securely sharing encryption keys using the principles of quantum physics, ensuring that any eavesdropping attempt would be detectable. For investors, it represents a breakthrough in safeguarding sensitive information, potentially making digital communications and financial transactions much more secure against future hacking threats. This technology could lead to more trustworthy data protection in an increasingly digital world.

asic technical

"IC’ALPS, a leading French ASIC design specialist, for a fixed purchase price"

ASIC is Australia’s corporate, markets and financial services regulator that enforces rules for companies, financial advisers and market operators; think of it as the referee and rulebook keeper for financial activity. It matters to investors because ASIC’s oversight, investigations and enforcement actions affect company credibility, legal risk and market fairness—actions that can change stock prices, investor confidence and the safety of financial products.

advanced metering infrastructure (ami) technical

"enhanced PKI services for Advanced Metering Infrastructure (AMI) networks"

Advanced metering infrastructure (AMI) is a network of digital electric, gas, or water meters that automatically measure and transmit usage data in near real time to utilities and customers. Think of it as replacing old utility meters with a connected system — like swapping a simple thermometer for a weather app that reports constantly — which lets companies manage supply, detect outages, and offer time-based pricing; investors care because AMI affects revenue accuracy, operating costs, regulatory compliance, and new service opportunities.

microcontrollers technical

"incorporating VaultIC secure microcontrollers for robust data protection"

Microcontrollers are small, self-contained computer chips that act like the brain of everyday electronic devices, controlling functions such as sensing, timing and communication. Investors watch them because their demand and supply influence sales, costs and innovation across industries—from cars and home appliances to medical devices and the Internet of Things—so changes in microcontroller markets can affect revenue growth, profit margins and supply-chain risk for many companies.

device attestation technical

"Matter-compliant device attestation, ensuring compliance with RED and CRA regulations"

Device attestation is a secure digital check that proves a hardware device and its software are genuine and have not been tampered with, using a locked digital certificate or signature built into the device. For investors, it matters because reliable attestation reduces the risk of hacks, regulatory problems, product recalls, and loss of customer trust—similar to an ID badge or tamper-evident seal that helps ensure a product is authentic and safe to use.

post-quantum cryptography technical

"Integration of post-quantum cryptography is accelerating adoption"

Post-quantum cryptography is a set of new methods for scrambling data so it stays secure even if powerful quantum computers exist; think of replacing today’s locks with designs that a future high‑speed lockpicker cannot open. For investors, it matters because companies must upgrade systems, meet regulations, and protect customer and trade data—creating costs, competitive advantages, or legal and reputational risks depending on how quickly and effectively they adopt these new security standards.

AI-generated analysis. Not financial advice.

Geneva, Switzerland, Jan. 13, 2026 (GLOBE NEWSWIRE) --

Strong Balance Sheet With Over $425 Million in Cash Supports Global Quantum Ecosystem Expansion; $200 Million Pipeline Over the Next Three Years Supports Long-Term Growth

SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or the “Company”), a leader in Semiconductors, PKI, and Post-Quantum technology today announced full-year (FY) 2025 key operational and financial metrics (all financial data are preliminary and unaudited).

FY 2025 Revenue and Financial Highlights:

• +66% year on year revenue growth: Preliminary unaudited 2025 revenue of $18 million, with $8 million recorded in the fourth quarter of the year, compared to $4 million in the equivalent period last year.
• Growth drivers: The growth was driven primarily by renewed demand for traditional SEALSQ products and the consolidation of five months of revenue from IC’ALPS, following its acquisition on August 4, 2025. During the year, the Company continued to strengthen its commercial base and technological roadmap, however, revenue remained adversely impacted by the ongoing transition from legacy products to next-generation post-quantum semiconductors and software.
• Treasury: Cash position of over $425 million as of December 31, 2025 provides strong liquidity for PQC innovation and expansion, with the Company aiming to solidify its leadership in PQC-enabled semiconductors and its capacity to meet growing global demand for sovereign, quantum-secure technologies.
  
  

FY 2026 Outlook and Pipeline

• 2026 Revenue Guidance: The Company reiterates its previously announced FY 2026 revenue growth of between 50% and 100% year-over-year. This incorporates the expected return to growth for current products, a full year of revenue from IC’Alps, as well as initial revenues from the new QS7001 range of products, further new PQC chip launches, and initial revenues from the Quantix Edge project.
• Pipeline: The Company’s expanding business pipeline now totals over $200 million in potential revenue opportunities from 2026 to 2028; this includes over $60 million of opportunities from QS7001 and Qvault TPM products. This pipeline highlights rising global demand for quantum-resistant security and sovereign semiconductor design and the continued evolution of business development activities.

Carlos Moreira, CEO of SEALSQ, commented, “Our 2025 revenue and expectations for further significant growth for 2026 underscore the strength of our commercial strategy, technology roadmap, and market position. With a business pipeline now exceeding $200 million in potential opportunities from 2026 to 2028, SEALSQ is positioned to capture growing global demand for quantum-resistant security, sovereign semiconductor capabilities, and next-generation trust technologies. We are well-positioned to capture growing demand from governments, enterprises, and critical industries for secure, quantum-ready infrastructure. Backed by a robust financial foundation, SEALSQ is focused on scaling production, accelerating R&D, and expanding our global footprint, solidifying our role as a leader in the emerging quantum-security ecosystem.”

Strong Financial Position Supports Growth Initiatives
The Company reported that cash reserves have surpassed $425 million at December 31, 2025, even after deploying $30 million during the year toward strategic investments in WeCan Group, IC’ALPS, Quantix Edge and WISeSat.Space (WISeSat), a leader in secure satellite and critical digital satellite infrastructure, another subsidiary of its parent company, WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company. These investments have strengthened SEALSQ’s vertical integration across chip design, secure hardware, and quantum-resilient connectivity, while the Company’s robust balance sheet provides exceptional financial flexibility to support ongoing global expansion.

• The strategic acquisition of IC’ALPS, a leading French ASIC design specialist, for a fixed purchase price of EUR 12.5 million (with potential earn-out up to EUR 4 million) has significantly bolstered SEALSQ’s custom chip design capabilities, adding approximately 90 highly skilled engineers and expanding the Company’s footprint in Europe’s semiconductor ecosystem, particularly in Grenoble and Toulouse.
• Additionally, the $10 million strategic investment in WISeSat AG is accelerating the deployment of a secure, quantum-ready satellite constellation, aimed at enabling space-based Quantum Key Distribution (QKD) communications, decentralized IoT transactions, and enhanced post-quantum security for global connectivity.
• A partnership with ColibriTD for quantum-as-a-service solutions, aims to offer a full panel of Quantum related services in applications such as automotive, medtech and space.
• The strategic investment in EeroQ, a U.S.-based quantum chip design company pioneering a breakthrough approach to building a quantum computer using electrons on helium (eHe), is a key step in SEALSQ’s ‘Quantum Made in USA’ industrial strategy.

Advancements in Smart Meter and PKI Solutions
SEALSQ is making significant strides in its smart meter and Public Key Infrastructure (PKI) offerings, which are expected to contribute substantially to 2026 revenue growth through recurring contracts and expanded deployments.

Key highlights include:

• Smart Meter Progress: Building on multi-year supply agreements, SEALSQ has extended its partnership with Landis+Gyr to deliver enhanced PKI services for Advanced Metering Infrastructure (AMI) networks and secure over 24 million smart metering devices as part of the UK Smart Metering Implementation Programme (SMIP). Additional deployments are underway across Asia Pacific, North America, and Europe, incorporating VaultIC secure microcontrollers for robust data protection. These initiatives align with global energy regulations, such as EU cybersecurity standards, and are projected to generate recurring revenue from certificate management and device provisioning, with initial pilots scaling to full production in 2026.
• PKI Services Expansion: The Company has secured significant contracts with leading utilities and smart home providers, including Hager, Wago, Delta Dore, Warema, Tedee, and Digi, driving revenue growth through scalable digital trust solutions. These partnerships leverage SEALSQ’s INeS PKI platform for code signing, firmware integrity, and Matter-compliant device attestation, ensuring compliance with RED and CRA regulations. Integration of post-quantum cryptography is accelerating adoption, positioning SEALSQ to capture emerging demand in IoT ecosystems and generate multi-year subscription-based revenues as clients transition to quantum-ready security infrastructures worldwide.

These advancements not only strengthen SEALSQ’s market position in energy and connected devices but also support the Company’s broader quantum ecosystem strategy, with significant contributions to the 2026-2029 revenue pipeline.

Market Adoption of the QS7001 Post-Quantum Secure Chip
The Company is witnessing significant global traction from industry partners, system integrators, and technology OEMs seeking robust security solutions to face upcoming quantum computers capability to break current encryption technology.

SEALSQ has strengthened its collaboration network with industry consortia, integrators, and standards bodies to accelerate scalable deployment of its quantum-resistant products worldwide and has entered into commercial discussions with up to 115 potential customers who have expressed strong interest. Adoption spans multiple continents, with deployments and pilot programs underway in North America, Europe, and Asia Pacific.

The product has been well received by global partners and OEMs through the testing period, including Eviden (Atos Group), Authentrend, Capgemini Engineering, ColibriTD, FortifyIQ Inc., Granite River Labs, Kaynes Semiconductor, Landis+Gyr, Metavisio (Thomson Computing), PORTYQ, Quantix Edge Security, Serma Security, Trusted Semiconductor Solutions, and manufacturing partner UMC.

With strong liquidity and growing commercial momentum, SEALSQ is accelerating initiatives across the semiconductor, cybersecurity, and satellite IoT markets, positioning the Company to capture increasing demand for post-quantum security infrastructure from governments, enterprises, and critical-industry partners worldwide.

SEALSQ enters this next growth phase with the financial strength required to scale production, accelerate R&D in PQC technologies, and expand its global footprint. The Company remains focused on meeting the rising demand for secure, quantum-ready infrastructure while solidifying its position as a global leader in the emerging quantum-security ecosystem.

About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com

SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 lcati@theequitygroup.com

FAQ

What were SEALSQ (LAES) FY2025 revenue and growth rate?

SEALSQ reported preliminary FY2025 revenue of $18 million, up 66% YoY.

How much cash did SEALSQ (LAES) hold at December 31, 2025?

SEALSQ reported a cash position of over $425 million as of December 31, 2025.

What is SEALSQ's (LAES) revenue guidance for FY2026?

The company reiterated FY2026 revenue growth guidance of +50% to +100% YoY.

How large is SEALSQ's (LAES) disclosed business pipeline?

SEALSQ said its pipeline exceeds $200 million in potential opportunities for 2026–2028.

What did SEALSQ (LAES) pay for IC'ALPS and what did it add?

SEALSQ acquired IC'ALPS for a fixed EUR 12.5 million plus potential EUR 4 million earn‑out and added ~90 engineers.

How much revenue did SEALSQ (LAES) record in Q4 2025?

SEALSQ recorded $8 million of revenue in Q4 2025.