SEALSQ Corp. Announces FY2025 Audited Financial Results and Provides FY2026 Guidance

SEALSQ Corp. reported FY2025 audited revenue of $18.3 million, a 66% increase year-over-year, driven by strong performance in semiconductor and PKI products, and the acquisition of IC’ALPS. The company experienced a net loss of $34.2 million in FY2025, attributed to increased operating expenses, R&D investments, and share-based compensation. SEALSQ ended 2025 with over $425 million in cash and short-term investments, and as of March 31, 2026, this amount exceeded $525 million following a March 2026 offering. The company has a robust business pipeline exceeding $200 million for 2026-2029. SEALSQ reaffirms its FY2026 guidance, expecting revenue to grow between 50%-100% year-over-year, driven by full-year consolidation of IC’ALPS, growth in secure semiconductor products, entry into the TPM market, commercialization of QS7001 and QVault TPM, and the launch of custom Post-Quantum enabled chips. The company is making significant progress in its Post-Quantum security technology, with its QS7001 product on track for certifications and expanding strategic partnerships and investments in the quantum ecosystem.