Argo Blockchain Plc Financials
This page shows Argo Blockchain Plc (ARBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Argo Blockchain Plc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Argo Blockchain Plc generates $0.81 in operating cash flow (-$44.8M OCF vs -$55.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Argo Blockchain Plc generated $47.0M in revenue in fiscal year 2024. This represents a decrease of 7.0% from the prior year.
Argo Blockchain Plc reported -$55.1M in net income in fiscal year 2024. This represents a decrease of 59.1% from the prior year.
Cash & Balance Sheet
Argo Blockchain Plc held $8.6M in cash against $0 in long-term debt as of fiscal year 2024.
Argo Blockchain Plc had 638M shares outstanding in fiscal year 2024. This represents an increase of 18.8% from the prior year.
Margins & Returns
Argo Blockchain Plc's net profit margin was -117.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 48.7 percentage points from the prior year.
Capital Allocation
ARBK Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
ARBK Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|
| Total Assets | $19.3M-74.6% | $75.9M-31.1% | $110.2M-71.6% | $388.1M |
| Current Assets | $11.7M-21.5% | $14.9M-45.4% | $27.3M-87.0% | $210.4M |
| Cash & Equivalents | $8.6M+15.9% | $7.4M-63.0% | $20.1M+26.2% | $15.9M |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.5M-1.2% | $2.5M+201.3% | $823K-91.8% | $10.1M |
| Goodwill | N/A | $888K-57.8% | $2.1M-72.2% | $7.6M |
| Total Liabilities | $48.7M-35.7% | $75.8M-11.5% | $85.7M-26.1% | $115.9M |
| Current Liabilities | $9.4M-65.8% | $27.6M+29.0% | $21.4M-71.0% | $73.8M |
| Long-Term Debt | N/A | N/A | $540K+8.2% | $499K |
| Total Equity | -$29.5M-18761.4% | $158K-99.4% | $24.6M-91.0% | $272.3M |
| Retained Earnings | -$247.1M-28.7% | -$192.0M-22.0% | -$157.3M-325.6% | $69.8M |
ARBK Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
ARBK Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 1.24+0.7 | 0.54-0.7 | 1.28-1.6 | 2.85 |
| Debt-to-Equity | -1.65-481.3 | 479.63+479.6 | 0.02+0.0 | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$29.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Argo Blockchain Plc's annual revenue?
Argo Blockchain Plc (ARBK) reported $47.0M in total revenue for fiscal year 2024. This represents a -7.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Argo Blockchain Plc's revenue growing?
Argo Blockchain Plc (ARBK) revenue declined by 7% year-over-year, from $50.6M to $47.0M in fiscal year 2024.
Is Argo Blockchain Plc profitable?
No, Argo Blockchain Plc (ARBK) reported a net income of -$55.1M in fiscal year 2024, with a net profit margin of -117.2%.
What is Argo Blockchain Plc's net profit margin?
Argo Blockchain Plc (ARBK) had a net profit margin of -117.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Argo Blockchain Plc's operating cash flow?
Argo Blockchain Plc (ARBK) generated -$44.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Argo Blockchain Plc's total assets?
Argo Blockchain Plc (ARBK) had $19.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Argo Blockchain Plc's current ratio?
Argo Blockchain Plc (ARBK) had a current ratio of 1.24 as of fiscal year 2024, which is considered adequate.
What is Argo Blockchain Plc's debt-to-equity ratio?
Argo Blockchain Plc (ARBK) had a debt-to-equity ratio of -1.65 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Argo Blockchain Plc's return on assets (ROA)?
Argo Blockchain Plc (ARBK) had a return on assets of -286.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Argo Blockchain Plc's cash runway?
Based on fiscal year 2024 data, Argo Blockchain Plc (ARBK) had $8.6M in cash against an annual operating cash burn of $44.8M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Argo Blockchain Plc's debt-to-equity ratio negative or unusual?
Argo Blockchain Plc (ARBK) has negative shareholder equity of -$29.5M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Argo Blockchain Plc's Piotroski F-Score?
Argo Blockchain Plc (ARBK) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Argo Blockchain Plc's earnings high quality?
Argo Blockchain Plc (ARBK) has an earnings quality ratio of 0.81x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.