WKEY Financials Wisekey International Holding S.A.
9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 21.0% per year over the past 5 years.
Financial health
The company holds more cash ($429M) than total debt ($3M).
Total debt has grown slower than revenue (-57.0% vs -21.0% per year).
Operating income covered interest expense 2271× in the latest year.
The company is unprofitable; at its current free-cash-flow burn it has roughly 13.0 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$19M
-$6M
47.9%
-247.3%
-$33M
$3M
$429M
2024
$12M
-$13M
36.2%
-230.9%
-$18M
$7M
$91M
2023
$31M
-$15M
47.7%
-43.0%
-$17M
—
$15M
2022
—
-$27M
—
—
-$17M
—
$21M
2021
—
-$24M
—
—
-$22M
—
$34M
2020
—
-$29M
—
—
-$13M
—
$20M
2019
—
$7M
—
—
-$14M
—
$12M
2018
—
-$16M
—
—
-$10M
—
$9M
2017
—
-$25M
—
—
-$6M
—
$10M
Valuation over time
How the market has priced WKEY against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 7.8× (Jan '24) to 42.1× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is WKEY growing its revenue and profit?
Over the past 5 years, Wisekey International Holding S.A.'s revenue has declined 21.0% per year. These are computed facts, not advice.
How much debt does WKEY have?
As of FY2025, Wisekey International Holding S.A. reported $3M of total debt against $429M of cash; operating income covered interest expense 2271×.
What is WKEY's profit margin?
In FY2025, gross margin was 47.9%, operating margin -247.3%, and net margin -31.5%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.