tradmap

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
-$29M $1M $31M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-247% -100% 48% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$33M -$17M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $215M $429M 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$32M $184M $400M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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.

Price / sales (P/S)
0.0 79.6 159.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.