SEALSQ Corp has signed a non-binding Memorandum of Understanding with Quobly SAS, a French quantum computing firm, to negotiate exclusive terms for a potential multi-stage transaction. Under the draft agreement, SEALSQ would commit approximately $200 million to acquire an initial minority interest followed by a majority stake in Quobly. The partnership is designed to leverage SEALSQ’s post-quantum cryptography expertise alongside Quobly’s silicon-based quantum processor technology. This builds on a collaboration launched in November 2025 and targets the joint development of secure-by-design quantum computing solutions for enterprise and government customers.

SEALSQ reported preliminary unaudited revenue of $18 million for fiscal 2025, reflecting a 66% increase year-over-year. Fourth-quarter sales reached $8 million, versus $4 million in Q4 2024. Growth was driven by renewed demand for legacy products and five months of revenue consolidation from the August 2025 acquisition of IC’ALPS. The transition to next-generation post-quantum semiconductors tempered margins, but strengthened the Company’s technological roadmap. As of December 31, 2025, SEALSQ held over $425 million in cash, supporting continued R&D investment and global expansion in quantum-secure technologies.

With cash reserves above $425 million, SEALSQ maintains strong liquidity after deploying $30 million into strategic investments in WeCan Group, Quantix Edge and WISeSat.Space. The Company reaffirms its 2026 revenue growth target of 50% to 100% year-on-year, underpinned by a full year of IC’ALPS contribution, initial sales of the QS7001 chip family and Quantix Edge platform revenues. Its business development pipeline now exceeds $200 million in potential bookings through 2028, including over $60 million tied to QS7001 and Qvault TPM products. CEO Carlos Moreira highlighted the Company’s position to capture rising global demand for sovereign, quantum-resilient infrastructure.