Pasqal Holding SA is a full-stack quantum computing hardware and software enterprise developing neutral-atom quantum computing architectures. The company's technology utilizes lasers and optical tweezers to trap and manipulate neutral rubidium atoms in reconfigurable 2D and 3D arrays to function as qubits. Unlike superconducting quantum processors, neutral-atom systems do not rely on dilution refrigerators to operate, allowing Pasqal's quantum computers to be deployed directly within standard data-center and high-performance computing (HPC) environments. Pasqal generates revenue through the sale and deployment of on-premises quantum processing units (QPUs), cloud-hosted Quantum Computing as a Service (QCaaS) subscriptions, co-development partnerships, and government research contracts and grants. Its software ecosystem features the Pulser open-source library alongside proprietary algorithm stacks tailored for combinatorial optimization, quantum simulation, and machine learning. The company serves enterprise, academic, and government clients across energy, materials science, defense, logistics, and financial services, with clients and partners including Saudi Aramco, Crédit Agricole CIB, LG Electronics, CMA CGM, Thales, OVHcloud, and NVIDIA. Pasqal is headquartered in Palaiseau, France, with international operations and regional facilities in Canada, the United States, Saudi Arabia, and South Korea. The company listed publicly on the Nasdaq Stock Market in August 2026 after completing a business combination with Bleichroeder Acquisition Corp. II.
How many years of EBITDA are required to pay off the company's net debt, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
The current ratio helps investors understand more about a company's ability to cover its short-term debt with its current assets and make apples-to-apples comparisons with its competitors and peers.
The quick ratio measures a company's capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing and is considered a more conservative measure than the current ratio, which includes all current assets as coverage for current liabilities.
The interest coverage ratio is used to measure how well a firm can pay the interest due on outstanding debt and is is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period. Generally, a higher coverage ratio is better, although the ideal ratio may vary by industry.
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