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.
Market capitalization, or "market cap", is the aggregate market value of a company represented in a dollar amount. Since it represents the “market” value of a company, it is computed based on the current market price (CMP) of its shares and the total number of outstanding shares.
Enterprise value (EV) measures a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt and any cash or cash equivalents on the company's balance sheet.
The enterprise value-to-revenue multiple (EV/R) is a measure of the value of a stock that compares a company's enterprise value to its revenue. EV/R is one of several fundamental indicators that investors use to determine whether a stock is priced fairly. The EV/R multiple is also often used to determine a company's valuation in the case of a potential acquisition. It's also called the enterprise value-to-sales multiple.
The enterprise value to earnings before interest, taxes, depreciation, and amortization ratio (EV/EBITDA) compares the value of a company—debt included—to the company's cash earnings less non-cash expenses. It's best to use the EV/EBITDA metric when comparing companies within the same industry or sector. Typically, when evaluating a company, an EV/EBITDA value below 10 is seen as healthy.
It follows the same logic as the EV/EBITDA indicator, but instead of EBITDA, EBIT is used, which considers non-cash D&A expenses in the company's operating result.
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