SEALSQ reports FY2025 audited revenue of $18.3M (+66% YoY) and reaffirms +50–100% 2026 revenue growth guidance
SEALSQ Corp (LAES) announced FY2025 audited financial results: revenue of $18.3M, up 66% year-over-year, with Q4 2025 revenue of $8M doubling Q4 2024's $4M. FY2025 net loss of $34.2M. Cash and short-term investments at $525M as of 2026-03-31, with a pipeline of over $200M across 2026-2029 and $60M tied to QS7001 and QVault TPM programs. FY2026 revenue guidance reaffirmed at +50% to +100% YoY; Q1 2026 revenue expected above $4M. QS7001 — billed as the first commercially available secure semiconductor embedding NIST-standardized ML-KEM and ML-DSA in hardware — was launched in Q4 2025.
Meaningful YoY revenue beat for a tracked PQC pure-play with explicit guidance reaffirmation and named product commercialization (QS7001) — matches the score-6 anchor for meaningful-margin quarterly beat at a tracked public name.
Strengthens SEALSQ's positioning as the listed proxy for PQC-in-silicon; pressures peers (Arqit, traditional crypto-chip incumbents) to produce comparable post-quantum compliance roadmaps.