Arqit Quantum Inc.(ARQQ)Earnings, Financials & Key Ratios
ARQQ•NASDAQ
$14.65
$74M mkt cap·Price updated May 6, 2026
AboutArqit Quantum Inc. provides cybersecurity services through satellite and terrestrial platforms in the United Kingdom. It offers QuantumCloud that enables any device to download a lightweight software agent, which can create encryption keys in partnership with any other device. The company is based in London, the United Kingdom.Show more
- Revenue$530K+80.9%
- EBITDA-$38M-78.8%
- Net Income-$35M+35.2%
- EPS (Diluted)-2.56+76.3%
- Gross Margin-43.4%+92.0%
- EBITDA Margin-7128.11%+1.1%
- Operating Margin-7271.51%+13.7%
- Net Margin-6668.49%+64.2%
- ROE-181%-30.1%
- Debt/Equity0.03-68.5%
- Interest Coverage-802.90-625.2%
ARQQ Key Insights
Arqit Quantum Inc. (ARQQ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 9 (bottom 9%)
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ARQQ Price & Volume
Arqit Quantum Inc. (ARQQ) stock price & volume — 10-year historical chart
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ARQQ Growth Metrics
Arqit Quantum Inc. (ARQQ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-58.11%
TTM-60.21%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-483.81%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-1523.15%
Return on Capital
10 Years-106.38%
5 Years-141.12%
3 Years-100.31%
Last Year-181.48%
ARQQ Recent Earnings
Arqit Quantum Inc. (ARQQ) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (43%)●Beat Revenue 0/12 qtrs (0%)
Q2 2025Latest
May 19, 2025EPS
$3.39
Est $0.85
-299.1%
Revenue
$168,000
Est $1M
-84.3%
Q4 2024
Nov 19, 2024EPS
$1.37
Est $2.10
+35.0%
Revenue
$174,000
Est $300,000
-42.0%
Q2 2024
May 20, 2024EPS
$7.35
Est $2.50
-193.8%
Revenue
$119,000
Est $874,000
-86.4%
Q4 2023
Nov 21, 2023EPS
$9.45
Est $3.50
-170.0%
Revenue
$621,000
Est $20M
-96.9%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2025Latest | May 19, 2025 | $3.39vs $0.85-299.1% | $168,000vs $1M-84.3% |
| Q4 2024 | Nov 19, 2024 | $1.37vs $2.10+35.0% | $174,000vs $300,000-42.0% |
| Q2 2024 | May 20, 2024 | $7.35vs $2.50-193.8% | $119,000vs $874,000-86.4% |
| Q4 2023 | Nov 21, 2023 | $9.45vs $3.50-170.0% | $621,000vs $20M-96.9% |
Based on last 12 quarters of dataView full earnings history →
ARQQ Peer Comparison
Arqit Quantum Inc. (ARQQ) competitors in Cybersecurity and identity management — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 IONQ | 17.4B | 48.00 | -26.37 | 201.85% | -431.12% | -14.7% | 0.01 | |
 QUBT | 2.07B | 9.56 | -86.91 | 82.84% | -27.38% | -2.42% | 0.00 | |
 RGTI | 6.05B | 18.27 | -26.10 | -34.31% | -30.5% | -51.53% | 0.01 | |
 QBTS | 7.65B | 21.53 | -19.39 | 178.54% | -14.44% | -41.66% | 0.01 | |
 CWAN | 6.56B | 24.19 | -172.79 | 61.88% | -5.31% | -1.91% | 2.5% | 0.42 |
 BBAI | 19.58B | 4.14 | -5.05 | -19.32% | -226.69% | -50.67% | 0.04 | |
 SAIC | 4.3B | 95.59 | 12.41 | -2.9% | 4.93% | 23.73% | 13.41% | 0.14 |
 CACI | 10.91B | 494.04 | 22.13 | 12.64% | 5.86% | 13.15% | 4.41% | 0.86 |
Compare ARQQ vs Peers
Arqit Quantum Inc. (ARQQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ARQQ Income Statement
Arqit Quantum Inc. (ARQQ) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 47.91K | 7.21M | 640K | 293K | 530K |
| Revenue Growth % | - | - | - | 14953.22% | -91.13% | -54.22% | 80.89% |
| Cost of Goods Sold | 308 | 159K | 187K | 1.29M | 2.29M | 1.88M | 760K |
| COGS % of Revenue | - | - | 390.32% | 17.91% | 357.66% | 643% | 143.4% |
| Gross Profit | -308▲ 0% | -159K▼ 51523.4% | -139K▲ 12.6% | 5.92M▲ 4359.0% | -1.65M▼ 127.9% | -1.59M▲ 3.5% | -230K▲ 85.5% |
| Gross Margin % | - | - | -290.13% | 82.09% | -257.66% | -543% | -43.4% |
| Gross Profit Growth % | - | -51523.38% | 12.58% | 4358.99% | -127.85% | 3.52% | 85.54% |
| Operating Expenses | 827.44K | 650K | 172.61M | 70.98M | 82.8M | 23.1M | 38.74M |
| OpEx % of Revenue | - | - | 360277.6% | 984.15% | 12936.72% | 7883.62% | 7309.25% |
| Selling, General & Admin | 827.44K | 2.78M | 13.7M | 55.4M | 61.33M | 31.86M | 34.94M |
| SG&A % of Revenue | - | - | 28586.93% | 768.11% | 9582.97% | 10874.4% | 6592.64% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1.96M | 2.64M | 14.83M | 21.46M | -7.04M | 3.8M |
| Operating Income | -828K▲ 0% | -809K▲ 2.3% | -172.56M▼ 21230.2% | -52.1M▲ 69.8% | -54.51M▼ 4.6% | -24.69M▲ 54.7% | -38.54M▼ 56.1% |
| Operating Margin % | - | - | -360177.42% | -722.38% | -8516.88% | -8426.62% | -7271.51% |
| Operating Income Growth % | - | 2.29% | -21230.16% | 69.81% | -4.63% | 54.7% | -56.09% |
| EBITDA | -827.69K | -804K | -172.51M | -50.81M | -51.87M | -21.13M | -37.78M |
| EBITDA Margin % | - | - | -360067.73% | -704.46% | -8105.31% | -7210.58% | -7128.11% |
| EBITDA Growth % | - | 2.86% | -21356.27% | 70.55% | -2.1% | 59.27% | -78.82% |
| D&A (Non-Cash Add-back) | 308 | 5K | 52.55K | 1.29M | 2.63M | 3.56M | 760K |
| EBIT | 872.31K | -5K | -270.65M | 53.63M | -43.83M | -23.75M | -37.57M |
| Net Interest Income | 421.79K | -328K | -1.08M | -221K | -243K | 707K | 1.18M |
| Interest Income | 510.25K | 0 | 0 | 0 | 41K | 930K | 1.23M |
| Interest Expense | 88.47K | 393K | 1.08M | 221K | 284K | 223K | 48K |
| Other Income/Expense | 1.61M | -328K | -99.17M | 105.51M | 10.39M | 713K | 923K |
| Pretax Income | 783.85K▲ 0% | -1.14M▼ 245.1% | -271.73M▼ 23798.8% | 53.41M▲ 119.7% | -44.11M▼ 182.6% | -23.98M▲ 45.6% | -37.62M▼ 56.9% |
| Pretax Margin % | - | - | -567165.52% | 740.54% | -6892.66% | -8183.28% | -7097.36% |
| Income Tax | -254K | -569K | 0 | 0 | -141K | 0 | -2.19M |
| Effective Tax Rate % | -32.4% | 50.04% | 0% | 0% | 0.32% | 0% | 5.81% |
| Net Income | 1.04M▲ 0% | -568K▼ 154.7% | -271.73M▼ 47739.6% | 65.08M▲ 123.9% | -70.39M▼ 208.2% | -54.58M▲ 22.5% | -35.34M▲ 35.2% |
| Net Margin % | - | - | -567165.52% | 902.32% | -10998.91% | -18628.33% | -6668.49% |
| Net Income Growth % | - | -154.72% | -47739.61% | 123.95% | -208.17% | 22.46% | 35.25% |
| Net Income (Continuing) | 1.04M | -568K | -271.73M | 53.41M | -43.97M | -23.98M | -35.43M |
| Discontinued Operations | 0 | 0 | 0 | 11.67M | -26.42M | -30.6M | 87K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.58▲ 0% | -0.24▼ 141.4% | -99.42▼ 41325.0% | 13.34▲ 113.4% | -13.39▼ 200.4% | -10.79▲ 19.4% | -2.56▲ 76.3% |
| EPS Growth % | - | -141.38% | -41325% | 113.42% | -200.37% | 19.42% | 76.27% |
| EPS (Basic) | 0.58 | -0.24 | -99.42 | 13.43 | -13.39 | -10.79 | -2.56 |
| Diluted Shares Outstanding | 2.37M | 2.37M | 2.73M | 4.88M | 5.26M | 5.06M | 13.79M |
| Basic Shares Outstanding | 2.37M | 2.37M | 2.73M | 4.88M | 5.26M | 5.06M | 13.79M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
ARQQ Balance Sheet
Arqit Quantum Inc. (ARQQ) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 5.12M | 475K | 90.26M | 56.64M | 86.35M | 23.7M | 40.02M |
| Cash & Short-Term Investments | 4.23M | 195K | 86.97M | 48.97M | 44.45M | 18.7M | 36.98M |
| Cash Only | 4.23M | 195K | 86.97M | 48.97M | 44.45M | 18.7M | 36.98M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 913.18K | 7.68M | 3.22M | 471K | 3.04M |
| Days Sales Outstanding | - | - | 6.96K | 388.53 | 1.83K | 586.74 | 2.09K |
| Inventory | -883.52K | 0 | 2.1M | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | 4.1K | - | - | - | - |
| Other Current Assets | 883.52K | 151K | 0 | 892K | 38.68M | 4.01M | 0 |
| Total Non-Current Assets | 4.05M | 8.84M | 23.47M | 67.23M | 13.44M | 3.02M | 2.83M |
| Property, Plant & Equipment | 5.08K | 27K | 198.85K | 8.35M | 8.11M | 1.08M | 720K |
| Fixed Asset Turnover | - | - | 0.24x | 0.86x | 0.08x | 0.27x | 0.74x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.05M | 8.78M | 18.24M | 40.29M | 3.41M | 1.74M | 2.11M |
| Long-Term Investments | 0 | 32K | 33.69K | 28K | 30K | 0 | 0 |
| Other Non-Current Assets | 0 | 216.58K | 5M | 18.57M | 1.89M | 202K | 0 |
| Total Assets | 9.18M▲ 0% | 9.31M▲ 1.5% | 113.73M▲ 1121.4% | 123.87M▲ 8.9% | 99.78M▼ 19.4% | 26.72M▼ 73.2% | 42.85M▲ 60.4% |
| Asset Turnover | - | - | 0.00x | 0.06x | 0.01x | 0.01x | 0.01x |
| Asset Growth % | - | 1.47% | 1121.41% | 8.92% | -19.45% | -73.22% | 60.38% |
| Total Current Liabilities | 3.8M | 7.85M | 17.07M | 23.81M | 26.82M | 12.2M | 14.9M |
| Accounts Payable | 252.77K | 257K | 9.75M | 17.48M | 11.79M | 9.01M | 47K |
| Days Payables Outstanding | 299.55K | 589.97 | 19.03K | 4.94K | 1.88K | 1.75K | 22.57 |
| Short-Term Debt | 0 | 5.46M | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.49M | 1.56M | 2.66M | 225K | 18K | 4K | 444K |
| Other Current Liabilities | 0 | 373K | 4.08M | 1.15M | 5.87M | 1.03M | 10.94M |
| Current Ratio | 1.35x | 0.06x | 5.29x | 2.38x | 3.22x | 1.94x | 2.69x |
| Quick Ratio | 1.58x | 0.06x | 5.16x | 2.38x | 3.22x | 1.94x | 2.69x |
| Cash Conversion Cycle | - | - | -7.97K | - | - | - | - |
| Total Non-Current Liabilities | 4.05M | 534K | 130.5M | 21.51M | 6.31M | 2.7M | 715K |
| Long-Term Debt | 3.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 6.68M | 6.28M | 704K | 454K |
| Deferred Tax Liabilities | 550.72K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 128.04M | 10.64M | 6K | 2M | 261K |
| Total Liabilities | 7.85M | 8.38M | 147.57M | 45.32M | 33.13M | 14.9M | 15.62M |
| Total Debt | 3.3M | 5.46M | 0 | 7.83M | 8.4M | 990K | 719K |
| Net Debt | -929.06K | 5.26M | -86.97M | -41.13M | -36.05M | -17.71M | -36.26M |
| Debt / Equity | 2.49x | 5.86x | - | 0.10x | 0.13x | 0.08x | 0.03x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | -9.36x | -2.06x | -160.08x | -235.74x | -191.93x | -110.72x | -802.90x |
| Total Equity | 1.32M▲ 0% | 931K▼ 29.6% | -33.84M▼ 3734.9% | 78.56M▲ 332.1% | 66.65M▼ 15.2% | 11.82M▼ 82.3% | 27.24M▲ 130.5% |
| Equity Growth % | - | -29.63% | -3734.89% | 332.13% | -15.15% | -82.27% | 130.46% |
| Book Value per Share | 0.56 | 0.39 | -12.38 | 16.11 | 12.67 | 2.34 | 1.98 |
| Total Shareholders' Equity | 1.32M | 931K | -33.84M | 78.56M | 66.65M | 11.82M | 27.24M |
| Common Stock | 158 | 863 | 11.01K | 12K | 16K | 29K | 38K |
| Retained Earnings | 82.83K | -486K | -272.21M | -207.14M | -277.53M | -332.11M | -373.83M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.24M | 1.42M | 167.06M | 170.16M | 207.15M | 157.36M | 194.56M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ARQQ Cash Flow Statement
Arqit Quantum Inc. (ARQQ) cash flow — operating, investing & free cash flow history
| Line item | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.83M | -1.33M | -24.03M | -26.92M | -32.83M | -34.13M | -29.55M |
| Operating CF Margin % | - | - | -50166.5% | -373.21% | -5128.91% | -11647.1% | -5576.04% |
| Operating CF Growth % | - | -134.84% | -1700.36% | -11.99% | -21.95% | -3.96% | 13.4% |
| Net Income | 1.04M | -1.14M | -271.73M | 65.08M | -70.53M | -58.01M | -37.53M |
| Depreciation & Amortization | 308 | 5K | 53K | 1.29M | 2.63M | 3.53M | 760K |
| Stock-Based Compensation | 15.19K | 122K | 166K | 21.74M | 14.12M | -2.91M | 5.68M |
| Deferred Taxes | 61.62K | 833K | 278.93M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -4.36M | 300K | -24.03M | -103.83M | 7.8M | 24.83M | 8.26M |
| Working Capital Changes | 3.58M | -1.46M | -7.42M | -12.36M | 13.15M | -1.58M | -6.72M |
| Change in Receivables | -57.61K | -1.46M | -6.13M | -17.95M | 21.14M | 3.37M | -715K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 3.63M | 0 | -1.29M | 5.59M | -7.98M | -4.95M | -6.01M |
| Cash from Investing | -3.62M | -4.57M | -9.31M | -24.43M | -16.08M | -2.4M | 683K |
| Capital Expenditures | -3.62M | -4.57M | -9.31M | -24.43M | -16.12M | -3.33M | -549K |
| CapEx % of Revenue | - | - | 19422.06% | 338.77% | 2519.22% | 1135.84% | 103.58% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | -4.82M | -4.54M | -9.08M | -22.06M | 41K | 930K | 1.23M |
| Cash from Financing | 3.71M | 1.68M | 120.11M | 22.37M | 44.85M | 11.19M | 47.13M |
| Debt Issued (Net) | 0 | 1.68M | 13.07M | -657K | -1.31M | -3.05M | -250K |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 4.94M | 0 | 107.04M | 22.83M | 1.09M | 1.16M | 201K |
| Net Change in Cash | 5.22M▲ 0% | -4.03M▼ 177.2% | 86.77M▲ 2252.1% | -38M▼ 143.8% | -4.51M▲ 88.1% | -25.75M▼ 470.8% | 18.27M▲ 171.0% |
| Free Cash Flow | 209.36K▲ 0% | -5.91M▼ 2920.5% | -33.34M▼ 464.6% | -51.35M▼ 54.0% | -48.95M▲ 4.7% | -37.45M▲ 23.5% | -29.59M▲ 21.0% |
| FCF Margin % | - | - | -69588.57% | -711.98% | -7648.13% | -12782.94% | -5582.26% |
| FCF Growth % | - | -2920.51% | -464.6% | -54.01% | 4.67% | 23.48% | 21.01% |
| FCF per Share | 0.09 | -2.49 | -12.20 | -10.53 | -9.31 | -7.40 | -2.15 |
| FCF Conversion (FCF/Net Income) | 3.69x | 2.35x | 0.09x | -0.41x | 0.47x | 0.63x | 0.84x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ARQQ Key Ratios
Arqit Quantum Inc. (ARQQ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 78.46% | -50.4% | - | 291.07% | -96.95% | -139.11% | -181% |
| Return on Invested Capital (ROIC) | -157.64% | -18.41% | - | - | -120.2% | -149.92% | - |
| Gross Margin | - | - | -290.13% | 82.09% | -257.66% | -543% | -43.4% |
| Net Margin | - | - | -567165.52% | 902.32% | -10998.91% | -18628.33% | -6668.49% |
| Debt / Equity | 2.49x | 5.86x | - | 0.10x | 0.13x | 0.08x | 0.03x |
| Interest Coverage | -9.36x | -2.06x | -160.08x | -235.74x | -191.93x | -110.72x | -802.90x |
| FCF Conversion | 3.69x | 2.35x | 0.09x | -0.41x | 0.47x | 0.63x | 0.84x |
| Revenue Growth | - | - | - | 14953.22% | -91.13% | -54.22% | 80.89% |
ARQQ Frequently Asked Questions
Arqit Quantum Inc. (ARQQ) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Arqit Quantum Inc. (ARQQ) reported $0.9M in revenue for fiscal year 2025.
Arqit Quantum Inc. (ARQQ) grew revenue by 80.9% over the past year. This is strong growth.
Arqit Quantum Inc. (ARQQ) reported a net loss of $89.9M for fiscal year 2025.
Dividend & Returns
Arqit Quantum Inc. (ARQQ) has a return on equity (ROE) of -181.0%. Negative ROE indicates the company is unprofitable.
Arqit Quantum Inc. (ARQQ) had negative free cash flow of $66.4M in fiscal year 2025, likely due to heavy capital investments.
Explore More ARQQ
Arqit Quantum Inc. (ARQQ) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates