Wisekey International Holding AG
wisekey.comWhat Do They Do?
Designs and sells secure microcontrollers and custom chips, and provides digital identity and cybersecurity services for businesses, governments, and makers of connected devices.
20-F for FY2025, filed Apr 30, 2026The WISeKey Group is at the forefront of authentication and cybersecurity technology. It develops, markets, hosts and supports a range of…View ↗
WISeKey’s principal activities include design, development, and marketing of semiconductor systems, with manufacturing outsourced to…View ↗
SEALSQ was established as a subsidiary of WISeKey, combining decades of expertise in cryptographic security and trusted digital…View ↗
As a fabless semiconductor3 innovator, SEALSQ designs and markets secure microcontrollers and hardware architectures to anchor digital…View ↗
How Do They Make Money?
The semiconductor segment mainly earns from secure chips, which customers usually pay for on delivery. Certificate fees are paid when issued, while cloud software customers generally pay ahead of service periods; ASIC design customers pay progressively against milestones, and ASIC chips upon delivery.
20-F for FY2025, filed Apr 30, 2026The Group recognizes revenue when a customer takes possession of the chips, which usually occurs when the goods are delivered. Customers…View ↗
The Group recognizes revenue on a straight-line basis over the validity period of the certificate, which is usually one to three years.…View ↗
Customers usually pay ahead of quarterly or yearly service periods; the paid amounts which have not yet been recognized as revenue are…View ↗
The services provided are structured into Work Packages (WPs), each representing a separate performance obligation. These could include…View ↗
Each purchase order for ASIC chips represents a distinct performance obligation to provide the specified quantity and type of chips.…View ↗
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20-F for FY2025, filed Apr 30, 2026
FY2025 revenue by reportable segment ↗
$19.3M
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20-F for FY2025, filed Apr 30, 2026
$19.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Semiconductors Segment
Sold outright
20-F for FY2025, filed Apr 30, 2026 |
76%
FY2022: 97%
|
Semiconductors Segment, FY2025
$14.7M Sources
|
Sold outright |
|
ASIC Segment
|
19% |
ASIC Segment, FY2025
$3.6M Sources
|
|
|
Non-reportable segments
|
5.4%
FY2022: 2.6%
|
Non-reportable segments, FY2025
$1M Sources
|
Who Are Their Customers?
WISeKey sells to large international customers; its solutions serve businesses and governments across connected-device industries.
20-F for FY2025, filed Apr 30, 2026The Group sells to large, international customers and, as a result, may maintain individually significant trade accounts receivable…View ↗
SEALSQ was established as a subsidiary of WISeKey, combining decades of expertise in cryptographic security and trusted digital…View ↗
SEALSQ serves high-growth industries requiring secure, scalable, and certified solutions. SEALSQ’s products and services contribute to…View ↗
Do Revenues Turn Into Profits?
No. It lost $6.1M in FY2025.
20-F for FY2025, filed Apr 30, 2026
−$47.7MView ↗
20-F for FY2025, filed Apr 30, 2026
−$6.1MView ↗
20-F for FY2025, filed Apr 30, 2026
−$33.1MView ↗
How Are They Changing?
Growing. Revenue grew 9% in 4 years, from $17.6M in FY2021 to $19.3M in FY2025, about 2% a year.
Custom chip design
The older report centers on secure semiconductor products and authentication layers; the latest also includes custom ASIC design and development services, as well as manufactured ASIC chips.
20-F for FY2022, filed Apr 28, 2023 20-F for FY2025, filed Apr 30, 2026Our mission is to bring digital trust to the physical world. We design, develop and market secure semiconductors worldwide as a fabless…View ↗
The Group generates revenues from the sale of semiconductors secure chips and from Digital Certificates, Software as a Service, Software…View ↗
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