Added to YB: 2026-09-07
Pitch date: 2026-09-03
YUBICO.ST [neutral]
Yubico AB
Author Info
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Company Info
Yubico AB provides authentication solutions for use in computers, networks, and online services. It provides YubiKey 5, YubiKey 5 FIPS, YubiKey Bio, and security key series hardware products.
Market Cap
SEK 8.0B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
34.76
P/E
53.54
EV/Sales
3.29
Sector
Software
Category
value
Yubico Stock Analysis: The Security-Key Moat Is Real, but Passkeys Could Shrink the Market It Created
YUBICO.ST (monitor): Yubico’s moat rests on trust, certifications, reliability, integrations and enterprise deployment rather than the open FIDO standard itself. It serves 4,500+ business customers, and Q2 gross margin reached 80.1%. Yet first-half sales fell almost 9%, mostly from currency, and bookings declined roughly 16%, while platform passkeys could shrink demand outside government, defense and high-security enterprises. The key question is what percentage of enterprise identities will still require a separate hardware key as passkeys become universal.
Read full article (4 min)