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 5 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).
Operating losses are being financed by a rapidly shrinking asset base, leaving short-term liquidity steadier than long-term solvency.
From FY2022 to FY2024, revenue slipped from$58.6M to$47.0M , a meaningful decline but not a collapse in activity. What stands out is that total assets fell from$110.2M to$19.3M while investing cash flow turned positive and operating cash flow stayed negative, implying the company has increasingly funded itself through asset sales and balance-sheet shrinkage rather than cash generation from operations.
The current ratio improved from 0.5x to 1.2x between FY2023 and FY2024, but that came from cutting current liabilities faster than current assets. Total equity still moved from
Capital spending dropped from
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Argo Blockchain Plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Argo Blockchain Plc's revenue declined 67% year-over-year, from $47.0M to $15.5M. This contraction results in a growth score of 0/100.
Argo Blockchain Plc has a moderate D/E ratio of 1.89. This balance of debt and equity financing earns a leverage score of 63/100.
Argo Blockchain Plc's current ratio of 0.51 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Argo Blockchain Plc generated -$25.0M in operating cash flow, capex of $126K consumed most of it, leaving -$25.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Argo Blockchain Plc generates a 542.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
Argo Blockchain Plc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Argo Blockchain Plc generates $-4.92 in operating cash flow (-$25.0M OCF vs $5.1M 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 $15.5M in revenue in fiscal year 2025. This represents a decrease of 67.0% from the prior year.
Argo Blockchain Plc reported $5.1M in net income in fiscal year 2025. This represents an increase of 109.2% from the prior year.
Cash & Balance Sheet
Argo Blockchain Plc generated -$25.1M in free cash flow in fiscal year 2025, representing cash available after capex.
Argo Blockchain Plc held $2.2M in cash against $1.8M in long-term debt as of fiscal year 2025.
Argo Blockchain Plc had 28.86B shares outstanding in fiscal year 2025. This represents an increase of 4423.3% from the prior year.
Margins & Returns
Argo Blockchain Plc's net profit margin was 32.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 150.0 percentage points from the prior year.
Argo Blockchain Plc's ROE was 542.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Argo Blockchain Plc invested $126K in capex in fiscal year 2025, funding long-term assets and infrastructure.
ARBK Income Statement
| Metric | Q3'25 | Q3'24 | Q3'23 | Q3'22 |
|---|---|---|---|---|
| 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 | Q3'25 | Q3'24 | Q3'23 | Q3'22 |
|---|---|---|---|---|
| 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 | Q3'25 | Q3'24 | Q3'23 | Q3'22 |
|---|---|---|---|---|
| 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 | Q3'25 | Q3'24 | Q3'23 | Q3'22 |
|---|---|---|---|---|
| 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: The current ratio is below 1.0 (0.51), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Argo Blockchain Plc's annual revenue?
Argo Blockchain Plc (ARBK) reported $15.5M in total revenue for fiscal year 2025. This represents a -67.0% 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 67% year-over-year, from $47.0M to $15.5M in fiscal year 2025.
Is Argo Blockchain Plc profitable?
Yes, Argo Blockchain Plc (ARBK) reported a net income of $5.1M in fiscal year 2025, with a net profit margin of 32.8%.
How much debt does Argo Blockchain Plc have?
As of fiscal year 2025, Argo Blockchain Plc (ARBK) had $2.2M in cash and equivalents against $1.8M in long-term debt.
What is Argo Blockchain Plc's net profit margin?
Argo Blockchain Plc (ARBK) had a net profit margin of 32.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Argo Blockchain Plc's return on equity (ROE)?
Argo Blockchain Plc (ARBK) has a return on equity of 542.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Argo Blockchain Plc's free cash flow?
Argo Blockchain Plc (ARBK) generated -$25.1M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Argo Blockchain Plc's operating cash flow?
Argo Blockchain Plc (ARBK) generated -$25.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Argo Blockchain Plc's total assets?
Argo Blockchain Plc (ARBK) had $22.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Argo Blockchain Plc's capital expenditures?
Argo Blockchain Plc (ARBK) invested $126K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Argo Blockchain Plc's current ratio?
Argo Blockchain Plc (ARBK) had a current ratio of 0.51 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Argo Blockchain Plc's debt-to-equity ratio?
Argo Blockchain Plc (ARBK) had a debt-to-equity ratio of 1.89 as of fiscal year 2025, 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 22.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Argo Blockchain Plc's cash runway?
Based on fiscal year 2025 data, Argo Blockchain Plc (ARBK) had $2.2M in cash against an annual operating cash burn of $25.0M. This gives an estimated cash runway of approximately 1 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.
What is Argo Blockchain Plc's Piotroski F-Score?
Argo Blockchain Plc (ARBK) has a Piotroski F-Score of 2 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 to 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 -4.92x, 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.
How financially healthy is Argo Blockchain Plc?
Argo Blockchain Plc (ARBK) scores 11 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.