Argo Blockchain Financials

Argo Blockchain (ARBKF) 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.

Argo Blockchain (ARBKF) revenue declined by 7% year-over-year, from $50.6M to $47.0M in fiscal year 2024.

No, Argo Blockchain (ARBKF) reported a net income of -$55.1M in fiscal year 2024, with a net profit margin of -117.2%.

Argo Blockchain (ARBKF) had a net profit margin of -117.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Argo Blockchain (ARBKF) generated -$44.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Argo Blockchain (ARBKF) had $19.3M in total assets as of fiscal year 2024, including both current and long-term assets.

Argo Blockchain (ARBKF) had 638M shares outstanding as of fiscal year 2024.

Argo Blockchain (ARBKF) had a current ratio of 1.24 as of fiscal year 2024, which is considered adequate.

Argo Blockchain (ARBKF) 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.

Argo Blockchain (ARBKF) had a return on assets of -286.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2024 data, Argo Blockchain (ARBKF) 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.

Argo Blockchain (ARBKF) 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.

Argo Blockchain (ARBKF) 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.

Argo Blockchain (ARBKF) 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.