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MARKETS / NASDAQ / WKEY
NASDAQ · SERVICES-COMPUTER PROCESSING & DATA PREPARATION · SMALL CAP

Wisekey International Holding S.a. WKEY

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$19.3M
▲ 62.4% YoY
$-6.1M
$-33.1M
In brief

What this company does

The WISeKey Group operates through five core verticals: (i) SEALSQ, the semiconductors vertical delivering post-quantum cryptography hardware and secure microcontrollers; (ii) WISeSat, the satellite vertical providing secure space-based infrastructure and communications; (iii) SEALCOIN, the transactional-IoT (t-IoT) and machine-to-machine (M2M) communication vertical enabling autonomous device transactions on the blockchain; (iv) WISeID, the trust services and digital identity vertical providing PKI, digital identity and root of trust operations; and (v) WISe.ART, the secure NFT platform vertical serving the arts and luxury industry. WISeKey’s principal activities include design, development, and marketing of semiconductor systems, with manufacturing outsourced to third-party foundries. WISeKey’s corporate headquarters are located in Geneva, Switzerland.

Written from the business description in WISeKey International Holding AG's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
USD 19.3M
Revenue, FY2025 · full 9-year series below
Revenue $M Net income $M
FY2025 · Revenue 19.3 · Net income -6.1
20M-10M-20M201720182019202020212022202320242025
Compound annual growth
−6.8%
+5.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−198 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -247.3% · Net -197.8%
-100%-200%201720182019202020212022202320242025
ROE
FY2025 · ROE -17.1%
20%40%-100%-200%-300%201720182019202020212022202320242025

Each USD of equity lost 17 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -33.1
-20M201720182019202020212022202320242025

Total assetsUSD 514.6M
EquityUSD 45.9M
CashUSD 429.2M
Gross debtUSD 2.4M
Net debtUSD -426.9M
Current ratio12.92×

The company holds more cash than debt.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue $B0.00.00.00.00.00.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Income tax $B−0.00.00.0−0.00.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $···−0.24−0.28−0.670.23−0.48−0.82
Dividend / sh $·········
Payout %·········
ROE %−17.1−59.2−65.8−88.4−92.4−151.055.5−334.8·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 8 divergences in 40 reconciliationsAUDITED

Reconciled in 1 of 19 fiscal years. 8 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 55 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures8 divergent
ActivityServices-Computer Processing & Data Preparation
Listed onNASDAQ
Incorporated inoutside the United States — SEC code V8
Fiscal year endsDecember 31
Data on record since2017

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