SEALSQ eyes $200M Quobly acquisition as FY2025 revenue jumps 66%
SEALSQ Corp signed a MoU to invest about $200 million for a majority stake in quantum computing firm Quobly, advancing its quantum strategy. In FY2025, SEALSQ reported $18 million revenue (+66% YoY), held over $425 million cash, and reaffirmed FY2026 revenue growth guidance of 50–100%.
1. SEALSQ Enters Exclusive Negotiations for Quobly Investment
SEALSQ Corp, subsidiary of WISeKey International, has signed a non-binding Memorandum of Understanding with Quobly SAS to negotiate exclusively a potential multi-stage transaction. Under the proposal, SEALSQ would invest approximately $200 million in return for a majority stake in the French quantum computing firm. This move builds on a November 2025 collaboration and is integral to SEALSQ’s broader quantum strategy: combining its post-quantum cryptography expertise with Quobly’s silicon-based quantum processor technology to develop ‘secure-by-design’ quantum computing solutions for enterprise and government customers.
2. FY 2025 Preliminary Unaudited Results Highlight Rapid Growth
SEALSQ reported preliminary unaudited revenue of $18 million for full-year 2025, up 66% year-over-year, including $8 million recorded in Q4 versus $4 million in the same quarter of 2024. The growth stemmed from renewed demand for legacy products and consolidation of five months of revenue from its August 2025 acquisition of IC’ALPS. Despite headwinds from the transition to next-generation post-quantum semiconductors, SEALSQ closed the year with over $425 million in cash, underpinning its ability to fund R&D, scale production of PQC-enabled chips, and pursue strategic investments.
3. Robust Pipeline and FY 2026 Outlook Support Ambitious Targets
SEALSQ reiterated guidance for 2026 revenue growth of 50% to 100%, driven by: full-year contributions from IC’ALPS; initial revenues from the new QS7001 chip series; further PQC chip launches; and first sales from the Quantix Edge project. The company’s business pipeline now exceeds $200 million in potential opportunities through 2028, including more than $60 million tied to QS7001 and Qvault TPM products. This pipeline reflects accelerating global demand for sovereign, quantum-resistant security across government, enterprise and critical infrastructure markets.
4. Strategic Investments and Partnerships Strengthen Vertical Integration
During 2025, SEALSQ allocated $30 million toward strategic stakes in WeCan Group, IC’ALPS, Quantix Edge and WISeSat.Space, bolstering its semiconductor design, secure hardware and satellite IoT capabilities. The EUR 12.5 million acquisition of IC’ALPS added 90 engineers and enhanced chip design capacity in Grenoble and Toulouse. A $10 million investment in WISeSat is funding a secure quantum-ready satellite constellation for QKD and IoT connectivity, while partnerships with ColibriTD and EeroQ support quantum-as-a-service offerings and a ‘Quantum Made in USA’ industrial initiative.