Pasqal Has $360M Cash to Scale Quantum Systems Despite Net Loss
In 2025, Pasqal generated €16.5 million in commercial revenue and €23.7 million in total revenue with grants, while it reported a €92.4 million net loss versus €48.5 million in 2024. With seven QPUs installed and €66 million-plus booked and awarded business, the closing cash of about $360 million supports its roadmap after convertible bond funding and a completed business combination.