NASDAQ : PSQL
Pasqal SAS — Financial statements
Technology · Hardware, Equipment & Parts · France
Last price 5.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.11B
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Financial statements
Pasqal SAS (PSQL) reported revenue of 23.68M EUR (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Operating Revenue | 16.47M | 16.47M | 3.51M |
| Other Revenue | 7.21M | 7.21M | 10.79M |
| Revenue | 23.68M | 23.68M | 14.30M |
| Cost of Revenue | 9.32M | 9.32M | -105.00K |
| Gross Profit | 14.36M | 14.36M | 14.41M |
| Selling, General & Admin | 57.39M | 57.39M | 48.48M |
| Other Operating Expenses | -1.20M | -1.20M | 3.45M |
| Operating Expenses | 64.86M | 64.86M | 58.17M |
| Operating Income | -50.50M | -50.50M | -43.76M |
| Interest Expense | -4.39M | -4.39M | -2.83M |
| Interest & Investment Income | 592.00K | 592.00K | 706.00K |
| Currency Exchange Gain (Loss) | -1.43M | -1.43M | 33.00K |
| Other Non Operating Income (Expenses) | -1.61M | -1.61M | -6.00K |
| EBT Excluding Unusual Items | -57.33M | -57.33M | -45.86M |
| Gain (Loss) on Sale of Investments | -34.93M | -34.93M | 4.00K |
| Asset Writedown | -290.00K | ||
| Other Unusual Items | -2.70M | ||
| Pretax Income | -92.26M | -92.26M | -48.84M |
| Income Tax Expense | 93.00K | 93.00K | -347.00K |
| Net Income | -92.36M | -92.36M | -48.50M |
| Net Income to Common | -92.36M | -92.36M | -48.50M |
| Shares Outstanding (Basic) | 6.93M | 6.93M | 6.92M |
| Shares Outstanding (Diluted) | 6.93M | 6.93M | 6.92M |
| EPS (Basic) | -13.33 | -13.33 | -7.01 |
| EPS (Diluted) | -13.33 | -13.33 | -7.01 |
| Free Cash Flow | -29.97M | -29.97M | -49.12M |
| Free Cash Flow Per Share | -4.33 | -4.33 | -7.09 |
| Gross Margin | 60.65% | 60.65% | 100.73% |
| Operating Margin | -213.25% | -213.25% | -305.96% |
| Profit Margin | -390.03% | -390.03% | -339.10% |
| Free Cash Flow Margin | -126.57% | -126.57% | -343.42% |
| EBITDA | -43.68M | -43.68M | -39.00M |
| EBITDA Margin | -184.48% | -184.48% | -272.69% |
| D&A For EBITDA | 6.81M | 6.81M | 4.76M |
| EBIT | -50.50M | -50.50M | -43.76M |
| EBIT Margin | -213.25% | -213.25% | |
| Advertising Expenses | 688.00K | 688.00K | 2.38M |
Balance sheet
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Cash & Equivalents | 73.76M | 73.76M | 7.16M |
| Cash & Short-Term Investments | 73.76M | 73.76M | 7.16M |
| Accounts Receivable | 5.61M | 5.61M | 2.13M |
| Other Receivables | 11.29M | 11.29M | 13.67M |
| Receivables | 16.90M | 16.90M | 15.80M |
| Inventory | 11.31M | 11.31M | 14.54M |
| Prepaid Expenses | 2.01M | 2.01M | 2.21M |
| Other Current Assets | -1.00K | -1.00K | |
| Total Current Assets | 103.98M | 103.98M | 39.71M |
| Property, Plant & Equipment | 37.10M | 37.10M | 38.66M |
| Long-Term Investments | 7.34M | 7.34M | |
| Goodwill | 19.68M | 19.68M | 20.03M |
| Other Intangible Assets | 17.18M | 17.18M | 14.27M |
| Long-Term Deferred Charges | 270.00K | 270.00K | 609.00K |
| Other Long-Term Assets | 2.28M | 2.28M | 12.72M |
| Total Assets | 187.82M | 187.82M | 126.01M |
| Accounts Payable | 9.56M | 9.56M | 6.61M |
| Accrued Expenses | 5.03M | 5.03M | 3.17M |
| Short-Term Debt | 14.00K | 14.00K | 13.00K |
| Current Portion of Long-Term Debt | 105.15M | 105.15M | 5.52M |
| Current Portion of Leases | 524.00K | 524.00K | 836.00K |
| Current Income Taxes Payable | 2.00M | 2.00M | 2.69M |
| Current Unearned Revenue | 30.39M | 30.39M | 24.40M |
| Other Current Liabilities | 1.42M | 1.42M | 5.35M |
| Total Current Liabilities | 154.07M | 154.07M | 48.58M |
| Long-Term Debt | 7.64M | 7.64M | 7.85M |
| Long-Term Leases | 9.63M | 9.63M | 10.19M |
| Long-Term Unearned Revenue | 9.48M | 9.48M | 4.68M |
| Pension & Post-Retirement Benefits | 11.05M | 11.05M | 6.84M |
| Long-Term Deferred Tax Liabilities | 366.00K | 366.00K | 276.00K |
| Other Long-Term Liabilities | 1.00K | 1.00K | 14.91M |
| Total Liabilities | 192.24M | 192.24M | 93.33M |
| Common Stock | 715.00K | 715.00K | 692.00K |
| Additional Paid-In Capital | 70.16M | 70.16M | 131.11M |
| Retained Earnings | -124.89M | -124.89M | -124.31M |
| Comprehensive Income & Other | 49.60M | 49.60M | 25.18M |
| Shareholders' Equity | -4.42M | -4.42M | 32.67M |
| Total Liabilities & Equity | 187.82M | 187.82M | 126.01M |
| Total Debt | 122.95M | 122.95M | 24.41M |
| Net Cash (Debt) | -49.19M | -49.19M | -17.25M |
| Net Cash Per Share | -7.10 | -7.10 | -2.49 |
| Filing Date Shares Outstanding | 7.15M | 7.15M | 6.92M |
| Total Common Shares Outstanding | 7.15M | 7.15M | 6.92M |
| Working Capital | -50.09M | -50.09M | -8.87M |
| Book Value Per Share | -0.62 | -0.62 | 4.72 |
| Tangible Book Value | -41.27M | -41.27M | -1.63M |
| Tangible Book Value Per Share | -5.77 | -5.77 | -0.24 |
| Machinery | 36.87M | 36.87M | 29.51M |
| Construction In Progress | 1.07M | 1.07M | 3.60M |
Cash flow statement
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Net Income | -92.36M | -92.36M | -48.50M |
| Depreciation & Amortization | 8.43M | 8.43M | 6.51M |
| Other Amortization | 340.00K | 340.00K | 353.00K |
| Loss (Gain) From Sale of Assets | -218.00K | -218.00K | 432.00K |
| Asset Writedown & Restructuring Costs | 2.00K | 2.00K | 5.00K |
| Stock-Based Compensation | 9.67M | 9.67M | 2.35M |
| Other Operating Activities | 35.53M | 35.53M | 6.89M |
| Change in Accounts Receivable | -3.47M | -3.47M | -1.91M |
| Change in Inventory | 3.38M | 3.38M | -8.64M |
| Change in Accounts Payable | 3.83M | 3.83M | -707.00K |
| Change in Unearned Revenue | 10.00M | 10.00M | 14.15M |
| Change in Other Net Operating Assets | 594.00K | 594.00K | -858.00K |
| Operating Cash Flow | -24.27M | -24.27M | -29.92M |
| Capital Expenditures | -5.70M | -5.70M | -19.19M |
| Cash Acquisitions | -652.00K | -652.00K | -208.00K |
| Sale (Purchase) of Intangibles | -4.96M | -4.96M | -869.00K |
| Investment in Securities | 2.05M | 2.05M | -8.32M |
| Other Investing Activities | 3.89M | 3.89M | |
| Investing Cash Flow | -5.37M | -5.37M | -28.59M |
| Long-Term Debt Issued | 69.44M | 69.44M | 7.81M |
| Long-Term Debt Repaid | -2.34M | -2.34M | -2.38M |
| Net Debt Issued (Repaid) | 67.09M | 67.09M | 5.44M |
| Issuance of Common Stock | 30.84M | 30.84M | |
| Other Financing Activities | -1.21M | -1.21M | -674.00K |
| Financing Cash Flow | 96.72M | 96.72M | 4.76M |
| Foreign Exchange Rate Adjustments | -483.00K | -483.00K | 20.00K |
| Miscellaneous Cash Flow Adjustments | -1.00K | ||
| Net Cash Flow | 66.60M | 66.60M | -53.73M |
| Free Cash Flow | -29.97M | -29.97M | -49.12M |
| Free Cash Flow Margin | -126.57% | -126.57% | -343.42% |
| Free Cash Flow Per Share | -4.33 | -4.33 | -7.09 |
| Levered Free Cash Flow | -18.22M | -18.22M | |
| Unlevered Free Cash Flow | -15.48M | -15.48M | |
| Cash Interest Paid | 1.21M | 1.21M | 674.00K |
| Change in Working Capital | 14.34M | 14.34M | 2.04M |
Ratios
Fiscal year January - December; amounts in EUR.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Debt / Equity Ratio | -27.85 | -27.85 | 0.75 |
| Net Debt / Equity Ratio | -11.14 | -11.14 | 0.53 |
| Net Debt / EBITDA Ratio | -1.13 | -1.13 | -0.44 |
| Net Debt / FCF Ratio | -1.64 | -1.64 | -0.35 |
| Asset Turnover | 0.15 | 0.15 | |
| Inventory Turnover | 0.72 | 0.72 | |
| Quick Ratio | 0.59 | 0.59 | 0.47 |
| Current Ratio | 0.68 | 0.68 | 0.82 |
| Return on Equity (ROE) | -653.63% | -653.63% | |
| Return on Assets (ROA) | -20.11% | -20.11% | |
| Return on Capital Employed (ROCE) | -149.60% | -149.60% | -56.50% |
| Buyback Yield / Dilution | -0.09% |