Pasqal reports first-half 2026 revenue growth as quantum expansion continues

• Pasqal (NYSE:PSQL) reported first-half 2026 revenue of €4.9 million, up 14% year over year.
• QPU-related services revenue increased 34% to €3.9 million, while booked and awarded business reached €70.4 million.
• The company deployed quantum systems in Saudi Arabia and Italy as it expanded its commercial quantum computing operations.

Pasqal (NYSE:PSQL) reported first-half 2026 revenue of €4.9 million for the six months ended June 30, 2026, representing a 14% increase compared with the prior-year period.

The quantum computing company said revenue growth was supported by increased demand for quantum processing unit (QPU)-related services, which rose 34% year over year to €3.9 million.

Pasqal reported an operating loss of €59.2 million, compared with €19.8 million in the first half of 2025.

The company said the 2026 operating loss included €27.3 million in share-based payment expenses and €10.2 million in one-time transaction-related costs.

Cash used in operating activities totaled €25.2 million, compared with €20 million during the first half of 2025.

As of June 30, Pasqal reported booked and awarded business totaling €70.4 million.

Cash and cash equivalents stood at €110.8 million at the end of the period.

Following the company’s business combination with Bleichroeder Acquisition Corp. II and related financing transactions, Pasqal reported approximately €312.9 million in cash as of August 27, 2026.

The company also highlighted progress in quantum hardware deployment, including the installation of a 200-qubit quantum system in Saudi Arabia and delivery of a 140-qubit system in Italy.