Arqit Quantum Inc.
ARQQ Nasdaq Services-Prepackaged Software Financials FY2020โFY2025
Revenue
Total sales reported in the income statement.
$0.5M
80.9%
vs prior year
Operating margin
Operating income as a share of revenue.
โ7,271.5%
1,918.6ย pts
Net income
Profit after all expenses, interest and tax.
โ$35.3M
Free cash flow
Cash from operations minus capital spending.
โ$29.6M
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 โ$2.56 EPS (TTM)
What Arqit Quantum Inc. does
No business description yet.
- Legal name
- Arqit Quantum Inc.
- Fiscal year ends
- September 30, 2025
- Latest annual report
- 20-F ยท Dec 9, 2025
- Accession ยท CIK
- 0001104659-25-119500
0001859690
Revenue and margins
Arqit Quantum Inc. had $0.5M of revenue in fiscal 2025, up 80.9% on the year before.
FY20
Revenue $0.3M
FY21
Revenue $0.0M
FY22
Revenue $7.2M
FY23
Revenue $0.6M
FY24
Revenue $0.3M
FY25
Revenue $0.5M
FY20
Gross โ
Operating โ243.6%
Net โ155.3%
FCF โ409.8%
FY21
Gross โ
Operating โ359,502.1%
Net โ565,300.8%
FCF โ50,537.5%
FY22
Gross โ
Operating โ884.2%
Net 902.3%
FCF โ403.4%
FY23
Gross โ
Operating โ9,162.8%
Net โ11,644.8%
FCF โ5,240.2%
FY24
Gross โ
Operating โ9,190.1%
Net โ19,391.8%
FCF โ11,649.1%
FY25
Gross โ
Operating โ7,271.5%
Net โ6,668.5%
FCF โ5,582.3%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY20
Net income โ$0.5M
FY21
Net income โ$271M
FY22
Net income $65.1M
FY23
Net income โ$74.5M
FY24
Net income โ$56.8M
FY25
Net income โ$35.3M
FY20
Diluted EPS โ$0.01
FY21
Diluted EPS โ$3.98
FY22
Diluted EPS $13.34
FY23
Diluted EPS โ$14.17
FY24
Diluted EPS โ$11.23
FY25
Diluted EPS โ$2.56
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY20
Return on capital โ10.3%
Return on equity โ55.4%
Return on assets โ5.5%
FY21
Return on capital โ
Return on equity โ
Return on assets โ441.1%
FY22
Return on capital โ
Return on equity 291.1%
Return on assets 54.8%
FY23
Return on capital โ
Return on equity โ102.6%
Return on assets โ66.6%
FY24
Return on capital โ
Return on equity โ144.8%
Return on assets โ89.8%
FY25
Return on capital โ
Return on equity โ181.0%
Return on assets โ101.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ$29.6M in fiscal 2025, โ5,582.3% of revenue. Cash from operations minus capital spending.
FY20
Free cash flow โ$1.4M
FY21
Free cash flow โ$24.3M
FY22
Free cash flow โ$29.1M
FY23
Free cash flow โ$33.5M
FY24
Free cash flow โ$34.1M
FY25
Free cash flow โ$29.6M
FY20
Cash from operations โ$1.3M
Capital spending $0.0M
FY21
Cash from operations โ$24.0M
Capital spending $0.2M
FY22
Cash from operations โ$26.7M
Capital spending $2.4M
FY23
Cash from operations โ$32.8M
Capital spending $0.7M
FY24
Cash from operations โ$34.1M
Capital spending $0.0M
FY25
Cash from operations โ$29.6M
Capital spending $0.0M
Cash from operations
Capital spending
Dividends, buybacks and share count
Arqit Quantum Inc. returned โ to shareholders in fiscal 2025. The diluted share count rose 172.5%.
FY20
Dividends โ
Buybacks โ
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
FY20
Diluted shares 0.06B
FY21
Diluted shares 0.07B
FY22
Diluted shares 0.00B
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.01B
Balance sheet
Cash, debt and the ratios that show how comfortably Arqit Quantum Inc. can carry it.
FY20
Cash $0.2M
Debt $5.5M
FY21
Cash $87.0M
Debt โ
FY22
Cash $49.0M
Debt โ
FY23
Cash $44.5M
Debt โ
FY24
Cash $18.7M
Debt โ
FY25
Cash $37.0M
Debt โ
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $87.0M | $49.0M | $44.5M | $18.7M | $37.0M |
| Interest coverage | โ160.1x | โ288.5x | โ206.5x | โ120.7x | โ802.9x |
| Current ratio | 5.3x | 2.4x | 3.2x | 1.9x | 2.7x |
| Quick ratio | 5.3x | 2.4x | 3.2x | 1.9x | 2.7x |
| Total assets | $114M | $124M | $99.8M | $26.7M | $42.9M |
| Total liabilities | $148M | $45.3M | $33.1M | $14.9M | $15.6M |
| Shareholders' equity | โ$33.8M | $78.6M | $66.7M | $11.8M | $27.2M |
| Net debt (โ = net cash) | โ | โ | โ | โ | 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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 2 / 7 | 4 / 7 | 2 / 7 | 3 / 7 | 4 / 7 |
| Accruals ratio | 8.8% | โ402.0% | 77.3% | โ37.3% | โ35.9% | โ16.6% |
| Altman Z'' | โ5.83 | โ14.02 | โ5.35 | โ7.13 | โ44.41 | โ28.81 |
6 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $0.3M | $0.0M | $7.2M | $0.6M | $0.3M | $0.5M |
| Net interest income | $0.3M | โ$0.1M | โ | โ | โ | โ |
| Provision for credit losses | โ | โ | โ | โ | $0.2M | โ |
| Operating income | โ$0.8M | โ$173M | โ$63.8M | โ$58.6M | โ$26.9M | โ$38.5M |
| Interest expense | $0.4M | $1.1M | $0.2M | $0.3M | $0.2M | $0.0M |
| Pretax income | โ$1.1M | โ$272M | $53.4M | โ$48.2M | โ$26.2M | โ$37.6M |
| Income tax | โ$0.6M | โ | โ | โ$0.1M | โ | โ$2.2M |
| Net income | โ$0.5M | โ$271M | $65.1M | โ$74.5M | โ$56.8M | โ$35.3M |
| Net income to common | โ$0.5M | โ$271M | โ | โ | โ | โ |
| Diluted EPS | โ$0.01 | โ$3.98 | $13.34 | โ$14.17 | โ$11.23 | โ$2.56 |
| Diluted shares | 0.06B | 0.07B | 0.00B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||||
| Cash from operations | โ$1.3M | โ$24.0M | โ$26.7M | โ$32.8M | โ$34.1M | โ$29.6M |
| Capital expenditure | $0.0M | $0.2M | $2.4M | $0.7M | $0.0M | $0.0M |
| Free cash flow | โ$1.4M | โ$24.3M | โ$29.1M | โ$33.5M | โ$34.1M | โ$29.6M |
| Depreciation and amortization | $0.0M | $0.1M | โ | โ | โ | โ |
| Stock-based compensation | $0.1M | $0.2M | $21.7M | $18.3M | โ$0.7M | $5.7M |
| Balance sheet | ||||||
| Cash and short-term investments | $0.2M | $87.0M | $49.0M | $44.5M | $18.7M | $37.0M |
| Total debt | $5.5M | โ | โ | โ | โ | โ |
| Current assets | $0.5M | $90.3M | $56.6M | $86.3M | $23.7M | $40.0M |
| Current liabilities | $7.8M | $17.1M | $23.8M | $26.8M | $12.2M | $14.9M |
| Property and equipment, net | $0.0M | $0.2M | $2.2M | $2.0M | $0.3M | $0.1M |
| Intangible assets | $8.8M | $18.2M | $40.3M | $3.4M | $1.9M | $2.1M |
| Total assets | $9.3M | $114M | $124M | $99.8M | $26.7M | $42.9M |
| Total liabilities | $8.4M | $148M | $45.3M | $33.1M | $14.9M | $15.6M |
| Shareholders' equity | $0.9M | โ$33.8M | $78.6M | $66.7M | $11.8M | $27.2M |
| Margins | ||||||
| Operating margin | โ243.6% | โ359,502.1% | โ884.2% | โ9,162.8% | โ9,190.1% | โ7,271.5% |
| EBITDA margin | โ242.2% | โ359,392.5% | โ | โ | โ | โ |
| Net margin | โ155.3% | โ565,300.8% | 902.3% | โ11,644.8% | โ19,391.8% | โ6,668.5% |
| FCF margin | โ409.8% | โ50,537.5% | โ403.4% | โ5,240.2% | โ11,649.1% | โ5,582.3% |
| Net interest share of revenue | 100.0% | โ208.1% | โ | โ | โ | โ |
| Returns | ||||||
| Return on capital | โ10.3% | โ | โ | โ | โ | โ |
| Return on capital employed | โ55.2% | โ178.5% | โ63.7% | โ80.4% | โ185.4% | โ137.9% |
| Return on equity | โ55.4% | โ | 291.1% | โ102.6% | โ144.8% | โ181.0% |
| Return on assets | โ5.5% | โ441.1% | 54.8% | โ66.6% | โ89.8% | โ101.6% |
| Return on tangible equity | โ | โ | 170.1% | โ117.8% | โ575.1% | โ140.7% |
| Growth | ||||||
| Revenue growth | โ | โ85.5% | 14,925.0% | โ91.1% | โ54.2% | 80.9% |
| Net income growth | โ | โ | โ | โ214.5% | โ | โ |
| EPS growth | โ | โ | โ | โ206.2% | โ | โ |
| Share count change | โ | 15.3% | โ92.9% | 7.8% | โ3.8% | 172.5% |
| Financial health | ||||||
| Debt / equity | 5.9x | โ | โ | โ | โ | โ |
| Interest coverage | โ2.1x | โ160.1x | โ288.5x | โ206.5x | โ120.7x | โ802.9x |
| Current ratio | 0.1x | 5.3x | 2.4x | 3.2x | 1.9x | 2.7x |
| Quick ratio | 0.1x | 5.3x | 2.4x | 3.2x | 1.9x | 2.7x |
| Capital allocation | ||||||
| Capex / revenue | 7.8% | 464.6% | 32.9% | 111.3% | 2.0% | 6.2% |
| Stock comp / revenue | 36.7% | 345.8% | 301.5% | 2,851.9% | โ228.7% | 1,070.9% |
| Quality scores | ||||||
| Piotroski F-score | โ | 2.0 | 4.0 | 2.0 | 3.0 | 4.0 |
| Altman Z'' | โ5.8 | โ14.0 | โ5.4 | โ7.1 | โ44.4 | โ28.8 |
| Accruals ratio | 8.8% | โ402.0% | 77.3% | โ37.3% | โ35.9% | โ16.6% |
Source: SEC EDGAR XBRL filings (CIK 0001859690). 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.