SEALSQ reports 66% revenue growth to $18 million in fiscal 2025

SEALSQ Corp (NASDAQ: LAES) reported preliminary unaudited revenue of $18 million for fiscal year 2025, representing a 66% increase from the prior year, according to a company statement.

The semiconductor and post-quantum technology company recorded $8 million in fourth-quarter revenue, doubling the $4 million generated in the same period last year. Revenue growth was driven by renewed demand for traditional products and five months of contributions from IC'ALPS, which SEALSQ acquired in August 2025 for EUR 12.5 million.

SEALSQ maintained cash reserves exceeding $425 million as of December 31, 2025, after deploying $30 million during the year for strategic investments in WeCan Group, IC'ALPS, Quantix Edge and WISeSat.Space.

The company projects 2026 revenue growth of 50% to 100% year-over-year, incorporating expected returns to growth for current products, a full year of IC'Alps revenue, and initial revenues from new QS7001 products and the Quantix Edge project.

SEALSQ reported a business pipeline totaling over $200 million in potential revenue opportunities from 2026 to 2028, including more than $60 million from QS7001 and Qvault TPM products.

The IC'ALPS acquisition added approximately 90 engineers and expanded SEALSQ's presence in Europe's semiconductor ecosystem, particularly in Grenoble and Toulouse. The company also made a $10 million investment in WISeSat AG to develop quantum-ready satellite communications.

SEALSQ has extended its partnership with Landis+Gyr to provide PKI services for Advanced Metering Infrastructure networks, securing over 24 million smart metering devices as part of the UK Smart Metering Implementation Programme. Additional deployments are underway across Asia Pacific, North America, and Europe.

The company has entered commercial discussions with 115 potential customers for its QS7001 post-quantum secure chip, with adoption spanning North America, Europe, and Asia Pacific markets.

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