Arqit Quantum Inc Financials
Arqit Quantum Inc (ARQQ) reported $293K in revenue for fiscal year 2024, down 54.2% from the prior fiscal year. This page shows its 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).
Arqit's financials read like a cash-funded development effort, with operating burn far larger than the underlying revenue base.
From FY2023 to FY2024, free cash flow stayed nearly identical to operating cash flow at about-$34M while capex fell to just$6K , showing cash use came from running the business rather than building long-lived assets. Because year-end cash was only$18.7M , the FY2024 operating model did not internally fund a full year of its own burn.
The balance sheet became less debt-heavy—long-term debt fell from
Revenue fell from
Financial Health Signals
Arqit Quantum Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Arqit Quantum Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Arqit Quantum Inc reported a net loss of $54.6M while operations used $34.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Arqit Quantum Inc generated $293K in revenue in fiscal year 2024. This represents a decrease of 54.2% from the prior year.
Arqit Quantum Inc reported -$54.6M in net income in fiscal year 2024. This represents an increase of 22.5% from the prior year.
Not reported for fiscal year 2024.
Cash & Balance Sheet
Arqit Quantum Inc recorded an outflow of $34.1M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents a decrease of 1.8% from the prior year.
Arqit Quantum Inc held $18.7M in cash against $704K in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Arqit Quantum Inc's ROE was -461.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 356.2 percentage points from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Arqit Quantum Inc invested $6K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 99.2% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
ARQQ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Revenue | $293K-54.2% | $640K-91.1% | $7.2M+14925.0% | $48K | N/A |
| Interest Expense | $223K-21.5% | $284K+28.5% | $221K | N/A | N/A |
| Income Tax | N/A | -$141K | N/A | N/A | -$569K |
| Net Income | -$54.6M+22.5% | -$70.4M-208.2% | $65.1M+123.9% | -$271.7M-47739.6% | -$568K |
| EPS (Diluted) | -$4.74 | -$8.36-176.4% | $10.95 | -$3.98 | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
ARQQ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Total Assets | $26.7M-73.2% | $99.8M-19.4% | $123.9M+8.9% | $113.7M+1121.4% | $9.3M |
| Current Assets | $23.7M-72.6% | $86.3M+52.4% | $56.6M-37.2% | $90.3M+18901.7% | $475K |
| Cash & Equivalents | $18.7M-57.9% | $44.5M-9.2% | $49.0M-43.7% | $87.0M+44497.9% | $195K |
| Accounts Receivable | $5.0M+55.3% | $3.2M-58.1% | $7.7M+133.2% | $3.3M+1075.7% | $280K |
| Total Liabilities | $14.9M-55.0% | $33.1M-26.9% | $45.3M-69.3% | $147.6M+1660.9% | $8.4M |
| Current Liabilities | $12.2M-54.5% | $26.8M+12.6% | $23.8M+39.5% | $17.1M+117.6% | $7.8M |
| Long-Term Debt | $704K-88.8% | $6.3M-5.9% | $6.7M | N/A | N/A |
| Total Equity | $11.8M-82.3% | $66.7M-15.2% | $78.6M+332.1% | -$33.8M-3734.9% | $931K |
| Retained Earnings | -$332.1M-19.7% | -$277.5M-34.0% | -$207.1M+23.9% | -$272.2M-55911.3% | -$486K |
Not reported in any period shown, so not listed: Inventory, Goodwill.
ARQQ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$34.1M-4.0% | -$32.8M-22.9% | -$26.7M-11.2% | -$24.0M-1700.4% | -$1.3M |
| Capital Expenditures | $6K-99.2% | $712K-70.0% | $2.4M+965.5% | $223K+757.7% | $26K |
| Free Cash Flow | -$34.1M-1.8% | -$33.5M-15.3% | -$29.1M-19.9% | -$24.3M-1682.4% | -$1.4M |
| Investing Cash Flow | -$2.4M+85.1% | -$16.1M+34.2% | -$24.4M-162.6% | -$9.3M-103.6% | -$4.6M |
| Financing Cash Flow | $11.2M-75.1% | $44.9M+102.3% | $22.2M-81.5% | $120.1M+7049.1% | $1.7M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
ARQQ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Net Margin | -18628.3% | -10998.9% | 902.3% | -566102.1% | N/A |
| Return on Equity | -461.9%-356.2pp | -105.6%-188.5pp | 82.8% | N/A | -61.0% |
| Return on Assets | -204.3%-133.7pp | -70.5%-123.1pp | 52.5%+291.5pp | -238.9%-232.8pp | -6.1% |
| Current Ratio | 1.94-1.3x | 3.22+0.8x | 2.38-2.9x | 5.29+5.2x | 0.06 |
| Debt-to-Equity | 0.060.0x | 0.090.0x | 0.09 | N/A | 9.00 |
| FCF Margin | -11649.1% | -5240.2% | -403.4% | -50537.5% | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
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Where Arqit Quantum Inc Ranks
Frequently Asked Questions
What is Arqit Quantum Inc's annual revenue?
Arqit Quantum Inc (ARQQ) reported $293K in total revenue for fiscal year 2024. This represents a -54.2% 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 Arqit Quantum Inc's revenue growing?
Arqit Quantum Inc (ARQQ) revenue declined by 54.2% year-over-year, from $640K to $293K in fiscal year 2024.
Is Arqit Quantum Inc profitable?
No, Arqit Quantum Inc (ARQQ) reported a net income of -$54.6M in fiscal year 2024.
How much debt does Arqit Quantum Inc have?
As of fiscal year 2024, Arqit Quantum Inc (ARQQ) had $18.7M in cash and equivalents against $704K in long-term debt.
What is Arqit Quantum Inc's return on equity (ROE)?
Arqit Quantum Inc (ARQQ) has a return on equity of -461.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Arqit Quantum Inc's free cash flow?
Arqit Quantum Inc (ARQQ) recorded an outflow of $34.1M in free cash flow during fiscal year 2024. This represents a -1.8% change compared to the previous fiscal year. 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 Arqit Quantum Inc's operating cash flow?
Arqit Quantum Inc (ARQQ) recorded an outflow of $34.1M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Arqit Quantum Inc's total assets?
Arqit Quantum Inc (ARQQ) had $26.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Arqit Quantum Inc's capital expenditures?
Arqit Quantum Inc (ARQQ) invested $6K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Arqit Quantum Inc's current ratio?
Arqit Quantum Inc (ARQQ) had a current ratio of 1.94 as of fiscal year 2024, which is generally considered healthy.
What is Arqit Quantum Inc's debt-to-equity ratio?
Arqit Quantum Inc (ARQQ) had a debt-to-equity ratio of 0.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Arqit Quantum Inc's return on assets (ROA)?
Arqit Quantum Inc (ARQQ) had a return on assets of -204.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Arqit Quantum Inc's cash runway?
Based on fiscal year 2024 data, Arqit Quantum Inc (ARQQ) had $18.7M in cash against an annual operating cash burn of $34.1M. This gives an estimated cash runway of approximately 7 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 Arqit Quantum Inc's Piotroski F-Score?
Arqit Quantum Inc (ARQQ) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Arqit Quantum Inc's earnings high quality?
Arqit Quantum Inc (ARQQ) reported a net loss of $54.6M while operations used $34.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.