SEALSQ Corp has signed a non-binding Memorandum of Understanding with Quobly SAS to negotiate exclusively on a potential strategic investment and majority-stake acquisition valued at approximately $200 million. Under the proposed multi-stage transaction, SEALSQ would make an initial minority investment followed by a majority equity purchase in the French quantum computing firm. The deal builds on a November 2025 collaboration to co-develop secure-by-design quantum computing solutions, and reflects SEALSQ’s commitment to integrating its post-quantum cryptography expertise with Quobly’s silicon-based quantum processor technology.

For the full year ended December 31, 2025, SEALSQ reported preliminary unaudited revenue of $18 million, up 66% from the prior year, including $8 million in Q4 versus $4 million in the same quarter last year. Revenue growth was driven by renewed demand for legacy products and the inclusion of five months of revenue from the August 4, 2025 acquisition of IC’ALPS. The company closed the year with over $425 million in cash and equivalents, providing robust liquidity to fund R&D and global expansion across its quantum-secure semiconductor and software roadmap.

SEALSQ reaffirmed its guidance for 50–100% year-over-year revenue growth in FY 2026, driven by full-year contributions from IC’ALPS, initial sales of the QS7001 product line, further post-quantum chip launches and revenues from the Quantix Edge project. The company’s business development pipeline now exceeds $200 million in potential opportunities from 2026 through 2028, including over $60 million tied to QS7001 and Qvault TPM products. This expanding pipeline underscores rising global demand for sovereign, quantum-resilient security solutions across government, enterprise and critical infrastructure sectors.