How Many People Work at Trezor 2026: Employees, Subsidiaries, and Hiring Trend

The answer to how many people work at Trezor depends on the measurement boundary you pick. The Trezor company page lists 110+ team members; per SatoshiLabs, the parent claims 250+ across the wider group, and per LeadIQ, the Czech legal entity behind both reports is closer to 61.

SatoshiLabs has said the group is “almost doubling its headcount over the last year”. We map all three boundaries below across the blockchain where Trezor sits as the hardware leader.

Key Takeaways

• The brand’s headcount, according to Trezor, is 110+ like-minded individuals on its core hardware wallet team in Prague.
• SatoshiLabs, the parent holding company, reports 250+ rebels and creators across the five-brand group as of mid-2026.
• The legal entity tracked by third-party databases, according to LeadIQ, holds approximately 61 employees across 3 continents as of May 2026.
• The group runs 5 operating brands: Trezor, Invity, Tropic Square, Vexl and SatoshiLabs itself.
• Active hiring on satoshilabs.com/careers shows 13 open roles split across 5 brands, with Trezor carrying 5 of those listings.
• SatoshiLabs has stated its group headcount has been “almost doubling” year-on-year, the strongest single signal that the 110+ subsidiary figure understates current scale.
• The parent revenue line, according to Latka, puts SatoshiLabs 2025 revenue at $6.7 million against a 61-person filing entity, implying a revenue-per-employee band of roughly $109,836.

Editor’s Choice

• Trezor was founded in 2013; SatoshiLabs, the parent holding, was established earlier in 2011 when Marek Palatinus and Pavol Rusnak met at the Prague hackerspace brmlab.
• LinkedIn places both Trezor and SatoshiLabs in the 51-200 employee size bracket.
• The current open-roles snapshot breaks down as Trezor 5, Tropic Square 3, SatoshiLabs 3, Invity 2, Vexl 0, with engineering and product weight sitting on the hardware side.
• SatoshiLabs is 100% self-owned and has raised $0 in disclosed external funding, an unusual posture for a company at this revenue scale.
• Trezor’s flagship product cadence runs from the original Trezor One in 2014 to the Trezor Model T on February 26, 2018, to the Trezor Safe 5 on June 14, 2024, priced at $169 at launch.
• Tropic Square shipped TROPIC01, its flagship transparent security chip, in February 2025 and won the Embedded Award 2025 for Safety and Security plus Best in Show at Embedded World, Nuremberg.
• Sister brand Vexl reports 17,000+ users and trust connections that the company maps at 8 million in the Czech Republic, 1.6 million in Slovakia, and 500,000 in Germany, with parallel growth across the self-custody wallet space where Trezor’s hardware sits adjacent.

How Many People Work at Trezor by Measurement Boundary

The single hardest part of answering “how many people work at Trezor” is choosing a boundary. The hardware wallet brand sits inside a holding company that itself sits inside a Czech legal entity, and each of those three layers publishes a different number. The cleanest fix is to quote all three, label what each measures, and let the reader pick the one that matches their question.

• Trezor’s official company page reports 110+ employees focused on the hardware wallet line, with the office in Prague where “ideas flourish, becoming practical concepts and prototypes.”
• SatoshiLabs as a holding company claims 250+ “rebels and creators” across 5 operating brands, a figure that includes Trezor plus Invity, Tropic Square, Vexl and SatoshiLabs’s own corporate functions.
• LeadIQ lists the SatoshiLabs sro legal entity at approximately 61 employees across 3 continents as of May 2026, the conservative Czech-filing figure.
• LinkedIn places both the Trezor company page and the SatoshiLabs company page in the 51-200 size bracket.
• The official SatoshiLabs newsroom statement that the group is “almost doubling its headcount over the last year” is the cleanest signal that the 250+ figure is current and the legal-entity figure understates real operating scale.

Source: Trezor company page, SatoshiLabs corporate site, LeadIQ company profile, 2026.

By the numbers: Three different primary sources publish three different Trezor headcount figures inside a single quarter. According to Trezor’s own company page the brand has 110-plus employees, per SatoshiLabs the group runs 250-plus across five brands, and per LeadIQ the legal entity files around 61 people. All three are correct because each measures a different boundary, but only one matches your question at any given moment.

SatoshiLabs Subsidiary Org Map

SatoshiLabs runs four operating brands plus its own corporate functions. Knowing which brand sits where matters because the 250+ number gets cleaner once you can attach humans to specific product lines and CEOs.

• Trezor is the flagship hardware wallet brand, founded in 2013 and headquartered in Prague.
• Tropic Square designs and develops transparent security chips and shipped its flagship TROPIC01 chip in February 2025.
• Invity is the mobile crypto buying and saving app that received a MiCA licence on February 11, 2026, ranking among the first companies to receive one out of nearly 300 applications.
• Vexl is the peer-to-peer Bitcoin trading app that has cleared 17,000 users.
• SatoshiLabs itself runs corporate functions out of Kundratka 2359/17a, Prague 8, with 3 SatoshiLabs-tagged open roles on its careers page.

Source: SatoshiLabs newsroom announcements, January 2025 to May 2026.

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Active Open Roles Snapshot

A careers page is the most honest scaling signal a private company publishes; it shows where leadership is willing to commit payroll right now, not what it claimed in a press release last quarter. Reading the open-role mix beside the headcount totals tells you which subsidiaries are absorbing the “almost doubling” growth.

• The satoshilabs.com/careers page lists 13 open positions across the 5 brands at the time of capture.
• Trezor carries 5 of the open roles, the heaviest weighting in the careers-page snapshot.
• Tropic Square posts 3 open roles, a substantial share for a chip-design unit at this stage of its product cycle.
• Invity lists 2 open positions following its February 2026 MiCA licence approval.
• SatoshiLabs corporate functions have 3 open positions, including strategy and HR roles tied to the COO mandate.
• Vexl shows 0 active openings, which fits its smaller user base scale at the snapshot date but does not indicate distress; the brand simply hires in smaller waves.

Why it matters: Per SatoshiLabs the group has been “almost doubling its headcount over the last year,” and the careers-page mix is the cleanest forward-looking scaling signal of where that growth is landing. The 110-plus brand headcount understates active hiring intent across the wider portfolio because Trezor only carries five of the thirteen open roles SatoshiLabs is currently filling across all five brands.

Recent Developments

• January 20, 2025: SatoshiLabs appointed Ladislav Vesely as Chief Operating Officer, with a mandate to define group strategy and build HR capabilities.
• February 11, 2026: Invity Finance received a MiCA licence from EU regulators, putting it among the first awarded out of nearly 300 applications.
• May 12, 2026: Tropic Square CEO Jan Pleskac stepped down after delivering the TROPIC01 chip to market; Ladislav Vesely took the Interim CEO role.
• Mid-2026: Vexl appointed Viliam Klamarcik as CEO from co-founder Lea Petrasova, who transitioned to a strategic-partner role.
• June 14, 2024: Trezor shipped the Safe 5 hardware wallet at $169, drawing on what the company described as “more than ten years of experience of open source security.”

Product Cadence as a Headcount Signal

Hardware ships when there are enough engineers to ship it. Trezor’s product cadence, one flagship every several years, with parallel work on Trezor Suite, chip silicon and EU-licensed adjacent products, is the strongest indirect read on whether the 110+ subsidiary figure has room to grow.

• The Trezor One launched in 2014 as the first commercial hardware wallet to market.
• The Trezor Model T launched on February 26, 2018 as the touchscreen successor to the Trezor One.
• The Trezor Safe 5 launched on June 14, 2024 with a 1.54-inch color touchscreen and a $169 retail price.
• Tropic Square’s TROPIC01 chip shipped in February 2025.
• Trezor describes its company tenure as “10+ years of real decisions without compromise”, a deliberate signal that the 110+ team is built for cycle stability, not one-off product launches.
• The cadence aligns with SatoshiLabs’s statement that the group has been “almost doubling” its headcount, with Tropic Square’s transparent security chips added alongside the hardware wallet line.

Hardware Wallet Duopoly: Trezor vs Ledger

Trezor’s scale only makes sense against its closest competitor. Ledger and Trezor together share more than 70% of the global hardware wallet market, and our own Ledger Wallet headcount breakdown sits as the natural reference for the comparison.

• The cryptocurrency hardware wallet market is projected to reach $348.4 million in 2025, the most-cited size estimate in current vendor reports.
• Trezor holds approximately 30% of the global hardware wallet market by reported share, putting it in second place behind Ledger.
• Ledger and Trezor together account for more than 70% of the global hardware wallet market.
• Trezor holds approximately 30% of the global hardware wallet market, inside a duopoly where Trezor and Ledger together account for more than 70% combined share.
• Trezor’s open-role count of 5 sits inside a hardware wallet market where Ledger and Trezor together hold more than 70% combined share.

Revenue, Funding and Revenue-Per-Employee

The revenue picture is the cleanest stress test for the headcount numbers. A company employing 250 people on $6.7 million of group revenue would be implausibly under-monetised; the same revenue against a 61-person filed entity suggests a healthier per-head figure but a narrower entity scope.

• Latka reports SatoshiLabs revenue at $6.7 million in 2025 at the legal-entity level.
• SatoshiLabs has raised $0 in disclosed external funding, an unusual stance among hardware wallet peers and a partial explanation for why the group quotes its 250+ headcount instead of a more aggressive expansion plan.
• A naive revenue-per-employee calculation against the 61-person filing entity lands at roughly $109,800.
• Against the 250+ group headcount, the same revenue figure implies a band closer to $26,800 per employee, strong evidence that the $6.7 million Latka figure covers only the SatoshiLabs sro parent, not all five brand entities.
• Trezor is described as 100% self-owned, consistent with the $0 outside funding posture; that stance shapes hiring cadence because every payroll dollar is earned, not raised.
• The takeaway is structural rather than alarming: the $6.7 million figure is a parent-entity revenue line, the 250-plus figure is a group-wide headcount line, and they cannot be divided into each other without producing a misleading number.

How does Trezor’s headcount compare to Ledger’s?

Trezor sits below Ledger on every public scaling line but ahead on output-per-employee. Ledger is widely reported to operate with several hundred employees, against Trezor’s 110-plus brand figure or 250-plus group figure depending on the boundary.

The total hardware wallet market is projected at approximately $348.4 million in 2025, with Ledger and Trezor together holding more than 70% of it. The SatoshiLabs newsroom’s recent Tropic Square leadership transition announcement confirms that SatoshiLabs is leaning on its silicon subsidiary rather than chasing direct headcount parity with Ledger.

Where is Trezor headquartered, and how many offices does it run?

The primary office for Trezor and SatoshiLabs sits at Kundratka 2359/17a, 18000 Prague 8 in the Czech Republic. The careers page describes the work model as flexible, “office, home, beach”, and LeadIQ confirms approximately 61 employees spread across 3 continents (Europe, North America, and Asia) within the legal entity alone. The combined 250-plus group figure implies a wider international footprint once subsidiary staff is included, but SatoshiLabs has not published a per-country headcount split. Prague 8 stays the canonical headquarters address in both the SatoshiLabs careers page and the LeadIQ company filing.

Conclusion

Trezor’s brand page says 110+, the SatoshiLabs group says 250+, and Czech filings show approximately 61. The three figures are not contradictions; they are three different boundaries. Anyone asking how many people work at Trezor should pick the boundary first: the hardware wallet brand, the SatoshiLabs group with all four subsidiaries plus corporate functions, or the SatoshiLabs sro legal entity tracked in third-party databases.

Group leadership has stated the headcount is “almost doubling” year-on-year, and the cadence of TROPIC01 silicon, the Trezor Safe 5 launch, and Invity’s MiCA licence all support that. The official Trezor company page and the SatoshiLabs newsroom remain the cleanest sources for the next update on either figure, and we will refresh this page when the group publishes its next scaling number.