Quarterly ResultApr 30, 2026, 04:55 PM
WKEY FY25 Revenue +62% to $19.3M; Reaffirms FY26 Guidance
AI Summary
WISeKey International Holding S.A. reported audited FY 2025 revenue of $19.3 million, a 62% increase year-over-year, with subsidiary SEALSQ contributing $18.3 million and growing 66%. The company reaffirmed its FY 2026 revenue guidance of 50%-100% growth, supported by Q1 2026 unaudited revenue of $4.2 million. WISeKey ended FY 2025 with $429 million in cash and short-term investments, increasing to over $535 million by April 30, 2026, and has a SEALSQ commercial pipeline exceeding $200 million for 2026–2029. The net loss for FY 2025 increased to $38.2 million, partly due to increased operating expenses and non-cash share-based compensation.
Key Highlights
- FY 2025 revenue increased 62% year-over-year to $19.3 million.
- Subsidiary SEALSQ reported 66% year-over-year revenue growth for FY 2025.
- FY 2025 net loss was $38.2 million, a 20% increase from FY 2024.
- Cash and short-term investments exceeded $535 million as of April 30, 2026.
- Q1 2026 unaudited revenue was $4.2 million, representing over 200% growth.
- Reaffirmed FY 2026 revenue growth guidance of 50%-100% year-over-year.
- SEALSQ's commercial pipeline for 2026–2029 exceeds $200 million.
- Deployed $23 million in strategic investments during 2025.