Pasqal Holding SA (PSQL) Key Metrics
PSQL key metrics, 2024–2025
Fiscal year ended December 31, 2025 · eurosPSQL returns How much profit the business earns on the capital it uses.
PSQL financial health Debt, liquidity and how easily interest is covered.
PSQL efficiency & capital use Working capital cycle and where the cash goes.
PSQL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PSQL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PSQL key metrics in euros
2024–2025| 2025 | 2024 | |
|---|---|---|
| Returns & profitability | ||
| Return on equity (ROE) | — | −148.4% |
| Return on invested capital (ROIC) | — | −94.9% |
| Return on assets (ROA) | −58.9% | −38.5% |
| Return on tangible assets | −61.3% | −53.2% |
| Free cash flow margin | −213.1% | — |
| Financial health | ||
| Total debt | €7.6M | €7.9M |
| Cash & short-term investments | €70.9M | €2.4M |
| Net debt | −€63.3M | €5.4M |
| Debt / equity | — | 0.24 |
| Debt / assets | 0.04 | 0.06 |
| Current ratio | 0.67 | 0.82 |
| Quick ratio | 0.60 | 0.52 |
| Interest coverage | -11.4 | -16.2 |
| Working capital | −€50.1M | −€8.9M |
| Invested capital | −€67.7M | €38.1M |
| Tangible asset value | −€41.5M | −€2.2M |
| Net current asset value | −€88.3M | −€53.6M |
| Capital allocation | ||
| Dividends paid | €0 | €0 |
| Capex / revenue | 65.7% | 571.9% |
| Capex / depreciation | 1.23 | 2.92 |
| Stock-based compensation / revenue | 58.7% | 67.1% |
| SG&A / revenue | 329.1% | 1,257.0% |
| Efficiency | ||
| Days sales outstanding | 85.8 | 221.9 |
| Days of inventory on hand | 562.1 | -12,604.2 |
| Days payables outstanding | 351.5 | -5,728.2 |
| Cash conversion cycle (days) | 296.4 | -6,654.1 |
| Receivables turnover | 4.25 | 1.64 |
| Payables turnover | 1.04 | −0.06 |
| Inventory turnover | 0.65 | −0.03 |
| Asset turnover | 0.10 | 0.03 |
| Average receivables | €3.9M | €2.1M |
| Average payables | €8.1M | €6.6M |
| Average inventory | €12.9M | €14.5M |
| Intangibles / total assets | 19.8% | 27.7% |
Computed from PSQL's annual financial statements (latest annual report filed —) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in euros; data from EODHD. Averages use the opening and closing balance of each year.
PSQL valuation and financial ratios
It ended the year with €7.6 million of debt and €70.9 million in cash and short-term investments, a net cash position of €63.3 million.
See the PSQL income statement, the PSQL chart for price history, or the PSQL stock overview for the latest quote and news.
PSQL key metrics FAQ
How much debt does Pasqal have?
Pasqal had total debt of €7.6 million at the end of fiscal 2025 and more cash than debt.
Does Pasqal pay a dividend?
Pasqal did not pay a dividend in fiscal 2025.
What is Pasqal's current ratio?
Pasqal's current ratio was 0.67 at the end of fiscal 2025: current assets were 0.67 times current liabilities.