SEALSQ Corp (NASDAQ:LAES) released its financial highlights for the 2025 fiscal year on January 13. The company reported preliminary unaudited revenue of $18 million for the year, representing a 66% growth compared to the previous year. In the fourth quarter, SEALSQ generated $8 million, up from $4 million in the same period last year.
This growth was primarily fueled by renewed demand for the company's traditional products and the consolidation of five months of revenue from IC'ALPS, which SEALSQ acquired on August 4, 2025. Throughout the fiscal year, the company continued to advance its commercial base and technological roadmap. However, revenue was negatively impacted by the ongoing transition from legacy products to next-generation post-quantum semiconductors and software.
SEALSQ also reported a growing business pipeline, now totaling more than $200 million in potential revenue opportunities from 2026 to 2028. Over $60 million of these opportunities are attributed to QS7001 and Qvault TPM products. This reflects increasing global demand for quantum-resistant security solutions and sovereign semiconductor design.
Earlier, on December 18, Cantor Fitzgerald initiated coverage on SEALSQ with an Overweight rating and a price target of $7. The research firm identified quantum computing security risks as a key factor supporting the company's future outlook. According to Cantor Fitzgerald, SEALSQ's focus on developing post-quantum technology solutions across both hardware and software can help address these risks.
SEALSQ Corp is a semiconductor company and a leading innovator in Post-Quantum Technology hardware and software solutions.