Monitor upcoming quarterly filings for revenue growth trajectory and cash burn rate; the large cash cushion post-business combination reduces near-term dilution risk but the widening operating loss warrants attention to cost discipline.
Price Chart
Executive Summary
Pasqal reported H1 2026 revenue of €4.9M (+14% YoY), with QPU-related services revenue growing 34% to €3.9M. Operating loss widened to €59.2M (including €37.5M in share-based payments and one-time charges), and the company ended the period with €110.8M in cash, subsequently boosted to ~€312.9M post-business combination. The strong cash position and growing commercial backlog (€70.4M booked and awarded business) signal continued investment capacity, but the widening loss and lack of EPS guidance keep the read-through neutral for near-term trading.
Key Financial Metrics
Key Facts
- Revenue of €4.9M for H1 2026, up 14% YoY from €4.3M
- QPU-related services revenue of €3.9M, up 34% YoY
- Booked and awarded business of €70.4M as of June 30, 2026
- Operating loss of €59.2M vs €19.8M in H1 2025, including €27.3M in share-based payments and €10.2M in transaction-related expenses
- Cash and cash equivalents of €110.8M at June 30, 2026; ~€312.9M as of August 27, 2026 post-business combination
- Basic loss per share of €6.6 vs €3.8 in H1 2025
- No EPS or revenue guidance provided
Financial Impact
Revenue growth of 14% YoY to €4.9M; operating loss widened by €39.4M YoY to €59.2M; cash position strengthened to ~€312.9M post-closing
Risk Factors
- Operating loss more than doubled YoY, driven by share-based compensation and transaction costs
- No EPS or revenue guidance provided, limiting forward visibility
- Pre-revenue stage with negative operating cash flow of €25.2M in H1 2026
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3368173 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | SC 13G | $5.67 | awaiting T+20 | — | $5.35 (−5.64%) |
Oct 7, 2026 19d ago | SC 13G | $7.18 | awaiting T+20 | — | $5.35 (−25.49%) |
Oct 7, 2026 19d ago | SC 13G | $7.18 | awaiting T+20 | — | $5.35 (−25.49%) |
Oct 7, 2026 20d ago | EFFECT | $7.26 | awaiting T+20 | — | $5.35 (−26.31%) |
Sep 28, 2026 28d ago | 6-K | $6.70 $5.35 | ▼ −20.15% | ▼ −20.12% | $5.35 (−20.15%) |
Sep 24, 2026 4w ago | 6-K | $7.34 $5.65 | ▲ +23.02% | ▲ +22.60% | $5.35 (+27.11%) |
Sep 24, 2026 4w ago | Press Release | $7.34 $5.65 | ▼ −23.02% | ▼ −22.60% | $5.35 (−27.11%) |
Sep 21, 2026 5w ago | EFFECT | $7.31 $5.93 | ▼ −18.88% | ▼ −17.97% | $5.35 (−26.81%) |
Sep 17, 2026 5w ago | Press Release | $7.91 $5.88 | ▼ −25.66% | ▼ −26.87% | $5.35 (−32.36%) |
Sep 2, 2026 7w ago | 20-F | $9.75 $6.05 | ▲ +37.95% | ▲ +36.76% | $5.35 (+45.13%) |
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