Arqit Quantum Inc. (ARQQ) 10-Year Financial Performance & Capital Metrics

ARQQ • • Industrial / General

TechnologyInfrastructure SoftwareCybersecurity & Identity ManagementIdentity & Access Management

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 $293K -54.2%
EBITDA -$21M +59.3%
Net Income -$55M +22.5%
EPS (Diluted) -10.79 +19.4%
Gross Margin -543% -110.7%
EBITDA Margin -7210.58% +11.0%
Operating Margin -8426.62% +1.1%
Net Margin -18628.33% -69.4%
ROE -139.11% -43.5%
ROIC -149.92% -24.7%
Debt/Equity 0.08 -33.5%
Interest Coverage -110.72 +42.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Good 3Y average ROE of 18.3%
✓Share count reduced 3.8% through buybacks

✗Weaknesses

✗Negative free cash flow
✗Trading more than 30% below 52-week high
✗Expensive at 11.5x book value
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y82.87%

TTM-37.27%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM37.89%

EPS CAGR

10Y-

5Y-

3Y-

TTM29.57%

ROCE

10Y Avg-93.86%

5Y Avg-109.56%

3Y Avg-57.47%

Latest-56.44%

Peer Comparison

Identity & Access Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OKTAOkta, Inc.	15.58B	91.94	1532.33	15.33%	6.87%	2.83%	4.69%	0.15
OSPNOneSpan Inc.	474.2M	12.47	8.54	3.43%	24.08%	24.4%	9.79%	0.04
AUIDauthID Inc.	25.77M	1.71	-1.22	365.86%	-10.08%	-207.46%		0.02
ARQQArqit Quantum Inc.	422.13M	26.97	-2.50	-54.22%	-111.19%	-7.53%		0.08
SAILSailPoint, Inc.	10.61B	18.90	-9.55	23.16%	-29.2%	-4.35%
VRNSVaronis Systems, Inc.	4B	33.96	-39.49	10.38%	-18.82%	-18.94%	2.71%	1.66
CYBRCyberArk Software Ltd.	22.9B	453.65	-213.99	33.1%	-13.78%	-7.13%	0.96%	0.01

Profit & Loss

	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Sales/Revenue+	0	0	47.91K	7.21M	640K	293K
Revenue Growth %	-	-	-	149.53%	-0.91%	-0.54%
Cost of Goods Sold+	308	159K	187K	1.29M	2.29M	1.88M
COGS % of Revenue	-	-	3.9%	0.18%	3.58%	6.43%
Gross Profit+	-308	-159K	-139K	5.92M	-1.65M	-1.59M
Gross Margin %	-	-	-2.9%	0.82%	-2.58%	-5.43%
Gross Profit Growth %	-	-515.23%	0.13%	43.59%	-1.28%	0.04%
Operating Expenses+	827.44K	650K	172.61M	70.98M	82.8M	23.1M
OpEx % of Revenue	-	-	3602.78%	9.84%	129.37%	78.84%
Selling, General & Admin	827.44K	2.78M	13.7M	55.4M	61.33M	31.86M
SG&A % of Revenue	-	-	285.87%	7.68%	95.83%	108.74%
Research & Development	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-
Other Operating Expenses	0	-1.96M	2.64M	14.83M	21.46M	-7.04M
Operating Income+	-828K	-809K	-172.56M	-52.1M	-54.51M	-24.69M
Operating Margin %	-	-	-3601.77%	-7.22%	-85.17%	-84.27%
Operating Income Growth %	-	0.02%	-212.3%	0.7%	-0.05%	0.55%
EBITDA+	-827.69K	-804K	-172.51M	-50.81M	-51.87M	-21.13M
EBITDA Margin %	-	-	-3600.68%	-7.04%	-81.05%	-72.11%
EBITDA Growth %	-	0.03%	-213.56%	0.71%	-0.02%	0.59%
D&A (Non-Cash Add-back)	308	5K	52.55K	1.29M	2.63M	3.56M
EBIT	872.31K	-5K	-270.65M	53.63M	-43.83M	-23.75M
Net Interest Income+	421.79K	-328K	-1.08M	-221K	-243K	707K
Interest Income	510.25K	0	0	0	41K	930K
Interest Expense	88.47K	393K	1.08M	221K	284K	223K
Other Income/Expense	1.61M	-328K	-99.17M	105.51M	10.39M	713K
Pretax Income+	783.85K	-1.14M	-271.73M	53.41M	-44.11M	-23.98M
Pretax Margin %	-	-	-5671.66%	7.41%	-68.93%	-81.83%
Income Tax+	-254K	-569K	0	0	-141K	0
Effective Tax Rate %	1.32%	0.5%	1%	1.22%	1.6%	2.28%
Net Income+	1.04M	-568K	-271.73M	65.08M	-70.39M	-54.58M
Net Margin %	-	-	-5671.66%	9.02%	-109.99%	-186.28%
Net Income Growth %	-	-1.55%	-477.4%	1.24%	-2.08%	0.22%
Net Income (Continuing)	1.04M	-568K	-271.73M	53.41M	-43.97M	-23.98M
Discontinued Operations	0	0	0	11.67M	-26.42M	-30.6M
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	0.58	-0.24	-99.42	13.34	-13.39	-10.79
EPS Growth %	-	-1.41%	-413.25%	1.13%	-2%	0.19%
EPS (Basic)	0.58	-0.24	-99.42	13.43	-13.39	-10.79
Diluted Shares Outstanding	2.37M	2.37M	2.73M	4.88M	5.26M	5.06M
Basic Shares Outstanding	2.37M	2.37M	2.73M	4.88M	5.26M	5.06M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Total Current Assets+	5.12M	475K	90.26M	56.64M	86.35M	23.7M
Cash & Short-Term Investments	4.23M	195K	86.97M	48.97M	44.45M	18.7M
Cash Only	4.23M	195K	86.97M	48.97M	44.45M	18.7M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	0	0	913.18K	7.68M	3.22M	471K
Days Sales Outstanding	-	-	6.96K	388.53	1.83K	586.74
Inventory	-883.52K	0	2.1M	0	0	0
Days Inventory Outstanding	-	-	4.1K	-	-	-
Other Current Assets	883.52K	151K	0	892K	38.68M	4.01M
Total Non-Current Assets+	4.05M	8.84M	23.47M	67.23M	13.44M	3.02M
Property, Plant & Equipment	5.08K	27K	198.85K	8.35M	8.11M	1.08M
Fixed Asset Turnover	-	-	0.24x	0.86x	0.08x	0.27x
Goodwill	0	0	0	0	0	0
Intangible Assets	4.05M	8.78M	18.24M	40.29M	3.41M	1.74M
Long-Term Investments	0	32K	33.69K	28K	30K	0
Other Non-Current Assets	0	216.58K	5M	18.57M	1.89M	202K
Total Assets+	9.18M	9.31M	113.73M	123.87M	99.78M	26.72M
Asset Turnover	-	-	0.00x	0.06x	0.01x	0.01x
Asset Growth %	-	0.01%	11.21%	0.09%	-0.19%	-0.73%
Total Current Liabilities+	3.8M	7.85M	17.07M	23.81M	26.82M	12.2M
Accounts Payable	252.77K	257K	9.75M	17.48M	11.79M	9.01M
Days Payables Outstanding	299.55K	589.97	19.03K	4.94K	1.88K	1.75K
Short-Term Debt	0	5.46M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	225K	18K	4K
Other Current Liabilities	0	373K	4.08M	1.15M	5.87M	1.03M
Current Ratio	1.35x	0.06x	5.29x	2.38x	3.22x	1.94x
Quick Ratio	1.58x	0.06x	5.16x	2.38x	3.22x	1.94x
Cash Conversion Cycle	-	-	-7.97K	-	-	-
Total Non-Current Liabilities+	4.05M	534K	130.5M	21.51M	6.31M	2.7M
Long-Term Debt	3.3M	0	0	0	0	0
Capital Lease Obligations	0	0	0	6.68M	6.28M	704K
Deferred Tax Liabilities	550.72K	0	0	0	0	0
Other Non-Current Liabilities	0	0	128.04M	10.64M	6K	2M
Total Liabilities	7.85M	8.38M	147.57M	45.32M	33.13M	14.9M
Total Debt+	3.3M	5.46M	0	7.83M	8.4M	990K
Net Debt	-929.06K	5.26M	-86.97M	-41.13M	-36.05M	-17.71M
Debt / Equity	2.49x	5.86x	-	0.10x	0.13x	0.08x
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-
Interest Coverage	-9.36x	-2.06x	-160.08x	-235.74x	-191.93x	-110.72x
Total Equity+	1.32M	931K	-33.84M	78.56M	66.65M	11.82M
Equity Growth %	-	-0.3%	-37.35%	3.32%	-0.15%	-0.82%
Book Value per Share	0.56	0.39	-12.38	16.11	12.67	2.34
Total Shareholders' Equity	1.32M	931K	-33.84M	78.56M	66.65M	11.82M
Common Stock	158	863	11.01K	12K	16K	29K
Retained Earnings	82.83K	-486K	-272.21M	-207.14M	-277.53M	-332.11M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	-182.07K	-129K	167.06M	170.16M	207.15M	157.36M
Minority Interest	0	0	0	0	0	0

Cash Flow

	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	3.83M	-1.33M	-24.03M	-26.92M	-32.83M	-34.13M
Operating CF Margin %	-	-	-501.67%	-3.73%	-51.29%	-116.47%
Operating CF Growth %	-	-1.35%	-17%	-0.12%	-0.22%	-0.04%
Net Income	1.04M	-1.14M	-271.73M	65.08M	-70.53M	-58.01M
Depreciation & Amortization	308	5K	53K	1.29M	2.63M	3.53M
Stock-Based Compensation	15.19K	122K	166K	21.74M	14.12M	-2.91M
Deferred Taxes	61.62K	833K	278.93M	0	0	0
Other Non-Cash Items	-4.36M	300K	-24.03M	-103.83M	7.8M	24.83M
Working Capital Changes	3.58M	-1.46M	-7.42M	-12.36M	13.15M	-1.58M
Change in Receivables	-57.61K	-1.46M	-6.13M	-17.95M	21.14M	3.37M
Change in Inventory	0	0	0	0	0	0
Change in Payables	3.63M	0	-1.29M	5.59M	-7.98M	-4.95M
Cash from Investing+	-3.62M	-4.57M	-9.31M	-24.43M	-16.08M	-2.4M
Capital Expenditures	-3.62M	-4.57M	-9.31M	-24.43M	-16.12M	-3.33M
CapEx % of Revenue	-	-	194.22%	3.39%	25.19%	11.36%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	-4.82M	-4.54M	-9.08M	-22.06M	41K	930K
Cash from Financing+	3.71M	1.68M	120.11M	22.37M	44.85M	11.19M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	4.94M	0	107.04M	22.83M	1.09M	1.16M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	209.36K	-5.91M	-33.34M	-51.35M	-48.95M	-37.45M
FCF Margin %	-	-	-695.89%	-7.12%	-76.48%	-127.83%
FCF Growth %	-	-29.21%	-4.65%	-0.54%	0.05%	0.23%
FCF per Share	0.09	-2.49	-12.20	-10.53	-9.31	-7.40
FCF Conversion (FCF/Net Income)	3.69x	2.35x	0.09x	-0.41x	0.47x	0.63x
Interest Paid	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	78.46%	-50.4%	-	291.07%	-96.95%	-139.11%
Return on Invested Capital (ROIC)	-157.64%	-18.41%	-	-	-120.2%	-149.92%
Gross Margin	-	-	-290.13%	82.09%	-257.66%	-543%
Net Margin	-	-	-567165.52%	902.32%	-10998.91%	-18628.33%
Debt / Equity	2.49x	5.86x	-	0.10x	0.13x	0.08x
Interest Coverage	-9.36x	-2.06x	-160.08x	-235.74x	-191.93x	-110.72x
FCF Conversion	3.69x	2.35x	0.09x	-0.41x	0.47x	0.63x
Revenue Growth	-	-	-	14953.22%	-91.13%	-54.22%

Revenue by Geography

	2022
Other Countries	6.85M
Other Countries Growth	-

Frequently Asked Questions

Growth & Financials

Arqit Quantum Inc. (ARQQ) reported $1.1M in revenue for fiscal year 2024.

Arqit Quantum Inc. (ARQQ) saw revenue decline by 54.2% over the past year.

Arqit Quantum Inc. (ARQQ) reported a net loss of $120.3M for fiscal year 2024.

Dividend & Returns

Arqit Quantum Inc. (ARQQ) has a return on equity (ROE) of -139.1%. Negative ROE indicates the company is unprofitable.

Arqit Quantum Inc. (ARQQ) had negative free cash flow of $73.7M in fiscal year 2024, likely due to heavy capital investments.

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