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Yubico AB: Business Overview, Financials & Competitive Analysis

Yubico is a cybersecurity company and the inventor of the YubiKey, which offers the gold standard for phishing-resistant multi-factor authentication (MFA). The company is a creator and core contributor to the FIDO2, W...

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What's in This Report
Yubico AB OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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7/ 10Strong

Cyborg Score thesis

Secure, mission-critical hardware authentication market leader with strong TAM expansion potential, though faces margin pressure...

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Industry Cybersecurity - Hardware Authentication & Identity Access Management
4 named competitors
4 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: June 15, 2026
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Yubico AB Overview

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Yubico is a cybersecurity company and the inventor of the YubiKey, which offers the gold standard for phishing-resistant multi-factor authentication (MFA). The company is a creator and core contributor to the FIDO2, WebAuthn, and FIDO Universal 2nd Factor (U2F) open authentication standards, pioneering hardware-based passkey authentication security at scale to customers in over 160 countries.

Strategic Profile

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Since 2020, the company has grown net sales by a compounded annual growth rate (CAGR) of 40%. A 2026 Total Economic Impact study found that a composite organization achieved a 265% return on investment (ROI) from replacing traditional multi-factor authentication with YubiKeys. Yubico maintains competitive advantages through industry standard leadership, hardware-based security innovation, and expanding global adoption across enterprise and government sectors.

Competitive Landscape

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Top competitors include Ping Identity, Okta and Auth0. RSA SecurID leads the market with 30.53% share, followed by Microsoft Azure MFA (18.95%) and Google Authenticator (9.44%). Yubico differentiates through hardware-based phishing resistance and FIDO standard leadership, competing against both legacy security vendors and modern cloud-native IAM platforms.

Industry Context

Yubico AB operates in Cybersecurity - Hardware Authentication & Identity Access Management.

Key facts

Founded: 2007 · Headquarters: Stockholm, Sweden (with US operations in Santa Clara, CA) · Employees: 536-603 · Revenue: $225M · Market cap: $647M

What the analysts stress-tested

The top findings that survived the multi-agent debate for Yubico AB.

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Azure Multi-Factor AuthenticationCloud-native MFA solution integrated with Microsoft identity platformRSA SecurIDEnterprise token-based authentication and identity managementOkta VerifyCloud IAM platform with built-in MFA and passwordless capabilitiesGoogle AuthenticatorSoftware-based time-based one-time password (TOTP) authenticator

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Industry context

Yubico AB operates in Cybersecurity - Hardware Authentication & Identity Access Management. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Yubico AB do?+
Yubico is a cybersecurity company and the inventor of the YubiKey, which offers the gold standard for phishing-resistant multi-factor authentication (MFA). The company is a creator and core contributor to the FIDO2, W...
What is Yubico AB's Cyborg Score?+
Yubico AB has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Yubico AB's main competitors?+
Named competitors include Azure Multi-Factor Authentication, RSA SecurID, Okta Verify, Google Authenticator. The full competitive landscape is in the AskCyborg report.
How can I get the full Yubico AB research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Yubico AB research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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