Arqit Quantum Inc. (ARQQ) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for Q2 FY2025, filed May 22, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ARQQ SEC filings page.
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 remains a cash-consuming, low-revenue business whose earnings swing widely while external financing supports ongoing operations.
Earnings quality is highly uneven: FY2022 reported net income of$65.1M while operating cash flow was negative$26.7M , but FY2023 and FY2024 losses were accompanied by similarly negative operating cash flow. That reversal suggests reported profit has not been a dependable guide to the cash economics of the business.
The operating base appears difficult to absorb at the latest scale: revenue fell from
Operations relied on financing inflows as operating cash flow stayed negative in both FY2023 and FY2024, while financing provided
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
None of these metrics is reported for Q2 2025.
Cash & Balance Sheet
Arqit Quantum Inc. held $24.8M in cash against $577K in long-term debt as of Q2 2025.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
None of these metrics is reported for Q2 2025.
Capital Allocation
None of these metrics is reported for Q2 2025.
ARQQ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
ARQQ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-K | Q4'2410-K | Q2'2410-Q | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q4'1910-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $29.4M-29.7% | $26.7M-73.2% | $41.8M | $99.8M-19.4% | $123.9M+8.9% | $113.7M+1121.4% | $9.3M+1.5% | $9.2M |
| Current Assets | $26.6M-8.8% | $23.7M-72.6% | $29.1M | $86.3M+52.4% | $56.6M-37.2% | $90.3M+18901.7% | $475K-90.7% | $5.1M |
| Cash & Equivalents | $24.8M+16.2% | $18.7M-57.9% | $21.3M | $44.5M-9.2% | $49.0M-43.7% | $87.0M+44497.9% | $195K-95.4% | $4.2M |
| Accounts Receivable | $1.8M-77.0% | $5.0M+55.3% | $7.8M | $3.2M-58.1% | $7.7M+133.2% | $3.3M+1075.7% | $280K-68.8% | $897K |
| Total Liabilities | $13.4M-49.4% | $14.9M-55.0% | $26.5M | $33.1M-26.9% | $45.3M-69.3% | $147.6M+1660.9% | $8.4M+6.7% | $7.9M |
| Current Liabilities | $10.8M-37.0% | $12.2M-54.5% | $17.2M | $26.8M+12.6% | $23.8M+39.5% | $17.1M+117.6% | $7.8M+106.6% | $3.8M |
| Non-Current Liabilities | $2.6M-72.2% | $2.7M-57.2% | $9.3M | $6.3M-70.6% | $21.5M-83.5% | $130.5M+24337.8% | $534K-86.8% | $4.1M |
| Long-Term Debt | $577K-89.0% | $704K-88.8% | $5.2M | $6.3M-5.9% | $6.7M | N/A | N/A | N/A |
| Total Equity | $16.0M+4.2% | $11.8M-82.3% | $15.3M | $66.7M-15.2% | $78.6M+332.1% | -$33.8M-3734.9% | $931K-29.6% | $1.3M |
| Retained Earnings | -$349.3M-7.4% | -$332.1M-19.7% | -$325.2M | -$277.5M-34.0% | -$207.1M+23.9% | -$272.2M-55911.3% | -$486K-692.7% | $82K |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments, 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
ARQQ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Arqit Quantum Inc. ARQQ | FY2024 | $293K | -$54.6M | N/A | $428.4M | — |
| Allot Ltd. ALLT | FY2025 | $102.0M | $3.7M | 3.6% | $415.6M | 65/100 |
| Xunlei Limited XNET | FY2025 | $460.4M | $1.0B | N/A | $300.2M | 55/100 |
| Gorilla Technology Group Inc. GRRR | FY2025 | $101.4M | -$11.3M | -11.1% | $362.3M | 49/100 |
| Backblaze, Inc. BLZE | FY2025 | $145.8M | -$25.6M | -17.6% | $888.9M | 65/100 |
| Telos Corporation TLS | FY2025 | $164.8M | -$36.5M | -22.2% | $313.1M | 47/100 |
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 P/E ratio?
Arqit Quantum Inc. (ARQQ) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $428.4M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Arqit Quantum Inc.'s price-to-sales ratio?
Arqit Quantum Inc. (ARQQ) has no price-to-sales ratio at the moment: outside the range published as a multiple (on $293K revenue, FY2024). The market capitalization is $428.4M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
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.