Argo Blockchain Financials
This page shows Argo Blockchain (ARBKF) 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).
Cash has been sourced mainly by shrinking the asset base, while operations still consumed cash and left the balance sheet thinner.
From FY2022 to FY2024, total assets fell from$110.2M to$19.3M . Investing cash flow stayed positive at$55.0M in FY2024 even as operating cash flow remained negative at-$44.8M , which suggests cash was being created by runoff or disposals rather than by the core business generating enough cash to support itself.
Liquidity and solvency moved in opposite directions in FY2024: the current ratio improved to 1.2x as current liabilities fell to
Losses and cash burn broadly agreed, pointing to a core earnings problem rather than only non-cash accounting charges or one-time valuation resets. In FY2024 the net loss was
Financial Health Signals
Based on FY2024 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'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's revenue declined 7% year-over-year, from $50.6M to $47.0M. This contraction results in a growth score of 16/100.
Argo Blockchain has elevated debt relative to equity (D/E of -1.65), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Argo Blockchain's current ratio of 1.24 is below the typical benchmark, resulting in a score of 20/100. However, the company holds substantial cash reserves (91% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Argo Blockchain 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 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 generated $47.0M in revenue in fiscal year 2024. This represents a decrease of 7.0% from the prior year.
Argo Blockchain 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 held $8.6M in cash against $0 in long-term debt as of fiscal year 2024.
Argo Blockchain had 638M shares outstanding in fiscal year 2024. This represents an increase of 18.8% from the prior year.
Margins & Returns
Argo Blockchain'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
ARBKF 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 |
ARBKF 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 |
ARBKF 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 |
ARBKF 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's annual revenue?
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.
How fast is Argo Blockchain's revenue growing?
Argo Blockchain (ARBKF) revenue declined by 7% year-over-year, from $50.6M to $47.0M in fiscal year 2024.
Is Argo Blockchain profitable?
No, Argo Blockchain (ARBKF) reported a net income of -$55.1M in fiscal year 2024, with a net profit margin of -117.2%.
What is Argo Blockchain's net profit margin?
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.
What is Argo Blockchain's operating cash flow?
Argo Blockchain (ARBKF) generated -$44.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Argo Blockchain's total assets?
Argo Blockchain (ARBKF) had $19.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Argo Blockchain's current ratio?
Argo Blockchain (ARBKF) had a current ratio of 1.24 as of fiscal year 2024, which is considered adequate.
What is Argo Blockchain's debt-to-equity ratio?
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.
What is Argo Blockchain's return on assets (ROA)?
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.
What is Argo Blockchain's cash runway?
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.
Why is Argo Blockchain's debt-to-equity ratio negative or unusual?
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.
What is Argo Blockchain's Piotroski F-Score?
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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Argo Blockchain's earnings high quality?
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.
How financially healthy is Argo Blockchain?
Argo Blockchain (ARBKF) scores 6 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.