Argo Blockchain Plc
ARBK Nasdaq Finance Services Financials FY2021โFY2025
Revenue
Total sales reported in the income statement.
$15.5M
67.0%
vs prior year
Operating margin
Operating income as a share of revenue.
โ86.3%
53.7ย pts
Net income
Profit after all expenses, interest and tax.
$5.1M
Free cash flow
Cash from operations minus capital spending.
โ$25.1M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ
Market cap
Last close times the latest diluted share count, so it is approximate.
โ
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On $0.00 EPS (TTM)
What Argo Blockchain Plc does
No business description yet.
- Legal name
- Argo Blockchain Plc
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Apr 30, 2026
- Accession ยท CIK
- 0001104659-26-051793
0001841675
Revenue and margins
Argo Blockchain Plc had $15.5M of revenue in fiscal 2025, down 67.0% on the year before.
FY21
Revenue $98.7M
FY22
Revenue $58.6M
FY23
Revenue $50.6M
FY24
Revenue $47.0M
FY25
Revenue $15.5M
FY21
Gross 70.1%
Operating 55.6%
Net 39.6%
FCF โ143.9%
FY22
Gross 19.4%
Operating โ45.6%
Net โ390.8%
FCF โ357.2%
FY23
Gross 6.1%
Operating โ39.0%
Net โ68.5%
FCF โ97.1%
FY24
Gross 3.1%
Operating โ32.6%
Net โ117.2%
FCF โ
FY25
Gross 1.8%
Operating โ86.3%
Net 32.8%
FCF โ161.9%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2021 to 2025, diluted EPS grew โ61.1% a year. Loss periods are shown in red.
FY21
Net income $39.1M
FY22
Net income โ$229M
FY23
Net income โ$34.6M
FY24
Net income โ$55.1M
FY25
Net income $5.1M
FY21
Diluted EPS $0.10
FY22
Diluted EPS โ$0.48
FY23
Diluted EPS โ$0.07
FY24
Diluted EPS โ$0.09
FY25
Diluted EPS $0.00
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY21
Return on capital โ
Return on equity 14.4%
Return on assets 10.1%
FY22
Return on capital โ32.9%
Return on equity โ154.3%
Return on assets โ91.9%
FY23
Return on capital โ38.1%
Return on equity โ280.1%
Return on assets โ37.2%
FY24
Return on capital โ1,014.8%
Return on equity โ
Return on assets โ115.8%
FY25
Return on capital โ
Return on equity โ
Return on assets 24.2%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ$25.1M in fiscal 2025, โ161.9% of revenue. Cash from operations minus capital spending.
FY21
Free cash flow โ$142M
FY22
Free cash flow โ$209M
FY23
Free cash flow โ$49.1M
FY24
Free cash flow โ
FY25
Free cash flow โ$25.1M
FY21
Cash from operations โ$37.0M
Capital spending $105M
FY22
Cash from operations โ$101M
Capital spending $108M
FY23
Cash from operations โ$48.0M
Capital spending $1.1M
FY24
Cash from operations โ$44.8M
Capital spending โ
FY25
Cash from operations โ$25.0M
Capital spending $0.1M
Cash from operations
Capital spending
Dividends, buybacks and share count
Argo Blockchain Plc returned โ to shareholders in fiscal 2025. The diluted share count rose 260.0%.
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY21
Diluted shares 0.42B
FY22
Diluted shares 0.47B
FY23
Diluted shares 0.50B
FY24
Diluted shares 0.61B
FY25
Diluted shares 2.19B
Balance sheet
Cash, debt and the ratios that show how comfortably Argo Blockchain Plc can carry it.
FY21
Cash $15.9M
Debt โ
FY22
Cash $20.1M
Debt $59.6M
FY23
Cash $7.4M
Debt $48.2M
FY24
Cash $8.6M
Debt $39.3M
FY25
Cash $2.2M
Debt โ
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $15.9M | $20.1M | $7.4M | $8.6M | $2.2M |
| Debt incl. finance leases | โ | $59.6M | $48.2M | $39.3M | โ |
| Debt / equity | โ | 2.4x | 305.0x | โ | โ |
| Interest coverage | 18.7x | โ1.2x | โ1.7x | โ2.3x | โ3.2x |
| Current ratio | 2.9x | 1.3x | 0.5x | 1.2x | โ |
| Quick ratio | 2.9x | 1.3x | 0.5x | 1.2x | โ |
| Total assets | $388M | $110M | $75.9M | $19.3M | $22.7M |
| Total liabilities | $116M | $85.7M | $75.8M | $48.7M | $9.8M |
| Shareholders' equity | $272M | $24.6M | $0.2M | โ$29.5M | $12.9M |
| Net debt (โ = net cash) | โ | $39.5M | $40.8M | $30.7M | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 2 / 8 | 2 / 9 | 3 / 9 | 2 / 7 |
| Accruals ratio | 19.6% | โ51.3% | 14.3% | โ21.6% | 143.3% |
| Altman Z'' | 6.31 | โ5.63 | โ11.08 | โ47.03 | โ |
5 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $98.7M | $58.6M | $50.6M | $47.0M | $15.5M |
| Gross profit | $69.2M | $11.4M | $3.1M | $1.5M | $0.3M |
| Research and development | โ | $0.0M | โ | โ | โ |
| Operating income | $54.9M | โ$26.7M | โ$19.7M | โ$15.3M | โ$13.4M |
| Interest expense | $2.9M | $22.7M | $11.6M | $6.8M | $4.2M |
| Pretax income | $50.4M | โ$241M | โ$34.6M | โ$54.8M | $4.7M |
| Income tax | $11.3M | โ$11.7M | โ | $0.3M | โ$0.4M |
| Net income | $39.1M | โ$229M | โ$34.6M | โ$55.1M | $5.1M |
| Diluted EPS | $0.10 | โ$0.48 | โ$0.07 | โ$0.09 | $0.00 |
| Diluted shares | 0.42B | 0.47B | 0.50B | 0.61B | 2.19B |
| Cash flow | |||||
| Cash from operations | โ$37.0M | โ$101M | โ$48.0M | โ$44.8M | โ$25.0M |
| Capital expenditure | $105M | $108M | $1.1M | โ | $0.1M |
| Free cash flow | โ$142M | โ$209M | โ$49.1M | โ | โ$25.1M |
| Depreciation and amortization | $0.5M | $8.5M | $1.5M | $0.7M | $0.5M |
| Stock-based compensation | $2.6M | $6.1M | $3.9M | $3.8M | $2.6M |
| Acquisitions | $0.9M | โ | โ | โ | โ |
| Balance sheet | |||||
| Cash and short-term investments | $15.9M | $20.1M | $7.4M | $8.6M | $2.2M |
| Total debt | โ | $59.6M | $48.2M | $39.3M | โ |
| Current assets | $210M | $27.3M | $14.9M | $11.7M | โ |
| Current liabilities | $73.8M | $21.4M | $27.6M | $9.4M | $8.1M |
| Property and equipment, net | $151M | $77.0M | $59.7M | $7.1M | $11.3M |
| Total assets | $388M | $110M | $75.9M | $19.3M | $22.7M |
| Total liabilities | $116M | $85.7M | $75.8M | $48.7M | $9.8M |
| Shareholders' equity | $272M | $24.6M | $0.2M | โ$29.5M | $12.9M |
| Margins | |||||
| Gross margin | 70.1% | 19.4% | 6.1% | 3.1% | 1.8% |
| Operating margin | 55.6% | โ45.6% | โ39.0% | โ32.6% | โ86.3% |
| EBITDA margin | 56.1% | โ31.0% | โ36.1% | โ31.0% | โ82.8% |
| Net margin | 39.6% | โ390.8% | โ68.5% | โ117.2% | 32.8% |
| FCF margin | โ143.9% | โ357.2% | โ97.1% | โ | โ161.9% |
| Returns | |||||
| Return on capital | โ | โ32.9% | โ38.1% | โ1,014.8% | โ |
| Return on capital employed | 17.5% | โ30.1% | โ40.8% | โ156.1% | โ91.3% |
| Return on equity | 14.4% | โ154.3% | โ280.1% | โ | โ |
| Return on assets | 10.1% | โ91.9% | โ37.2% | โ115.8% | 24.2% |
| Return on tangible equity | 14.4% | โ931.6% | โ21,922.2% | โ | 39.4% |
| Growth | |||||
| Revenue growth | โ | โ40.7% | โ13.7% | โ7.0% | โ67.0% |
| Net income growth | โ | โ686.0% | โ | โ | โ |
| EPS growth | โ | โ580.0% | โ | โ | โ |
| Share count change | โ | 14.1% | 6.3% | 20.6% | 260.0% |
| Financial health | |||||
| Debt / equity | โ | 2.4x | 305.0x | โ | โ |
| Interest coverage | 18.7x | โ1.2x | โ1.7x | โ2.3x | โ3.2x |
| Current ratio | 2.9x | 1.3x | 0.5x | 1.2x | โ |
| Quick ratio | 2.9x | 1.3x | 0.5x | 1.2x | โ |
| Capital allocation | |||||
| Capex / revenue | 106.4% | 184.4% | 2.2% | โ | 0.8% |
| Stock comp / revenue | 2.6% | 10.4% | 7.7% | 8.0% | 17.1% |
| Quality scores | |||||
| Piotroski F-score | โ | 2.0 | 2.0 | 3.0 | 2.0 |
| Altman Z'' | 6.3 | โ5.6 | โ11.1 | โ47.0 | โ |
| Accruals ratio | 19.6% | โ51.3% | 14.3% | โ21.6% | 143.3% |
Source: SEC EDGAR XBRL filings (CIK 0001841675). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.