Cybersecurity Threats
Could undermine product efficacy and customer trust
- Materiality
- high
Yubico
Yubico is a global cybersecurity company known for its flagship product, the YubiKey, a multi-factor authentication hardware key that addresses the critical issue of stolen credentials, which are a leading cause of cybersecurity breaches. The company has experienced significant growth, with a CAGR of 30% from 2020 to 2025. Yubico's solutions are deployed in over 175 countries and are used by major technology firms, financial institutions, and government entities to secure sensitive information. Headquartered in Stockholm, Sweden, and Santa Clara, California, Yubico also offers a subscription-based model, YubiKey as a Service, expanding its business model beyond traditional hardware sales.
544
8,3 %
77,9 %
5,8 %
−4,7 %
3.86
2.48
| % | |
|---|---|
| Hardware Authentication | 60% Includes YubiKey devices for secure access |
| Subscription Services | 28% YubiKey as a Service model offering recurring revenue |
| Proprietary Technologies | 12% Innovative authentication solutions and technologies |
Yubico serves a diverse range of customers including technology companies, financial services, manufacturing, retail,...
- Technology Firmsprimary
Purchase YubiKeys for employee and user security
- Financial Servicesprimary
Use YubiKeys to protect sensitive financial data
- Public Sectorsecondary
Adopt YubiKeys for secure governmental operations
- SMEsemerging
Engage in subscription model for flexible security
Yubico operates globally, with headquarters in Stockholm, Sweden, and Santa Clara, California...
- •Headquartered in Stockholm, Sweden, and Santa Clara, California.
- •Manufacturing primarily in Sweden, with additional US facilities.
- •Products sold in over 175 countries worldwide.
- •Recent expansion in Asia Pacific with key agreements in India.
- •Listed on Nasdaq Stockholm since December 2024.
Yubico's strategic priorities focus on advancing the secure Root of Trust and enhancing its position as a leader in...
01
Expand YubiKey as a Servicemedium-term
Increase recurring revenue and customer engagement
02
Advance secure Root of Trustlong-term
Maintain leadership in hardware-backed authentication
Yubico faces several business and financial risks, including the potential for cybersecurity threats that could...
Geopolitical Tensions
Impact on global operations and supply chain
- Materiality
- medium
Revenue Recognition
high
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: 11/08/2026