Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Arqit Quantum Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2021
FY2022
FY2023
FY2024
Revenue
0.05
7.21
0.64
0.29
General and administrative
2.77
14.6
71
55.2
23.2
Operating income
-0.81
-173
-63.8
-54.5
-24.7
Interest expense
0.39
1.08
0.22
0.28
0.22
Interest income
0.07
0.04
0.93
Pre-tax income
-1.14
-272
53.4
-44.1
-24
Income tax
-0.57
-0.14
Income from continuing operations
-272
53.4
-44
-24
Net income
-0.52
-271
65.1
-70.4
-54.6
EPS, basic
-0.24
-99.42
13.43
-13.39
-10.79
EPS, diluted
-0.24
-99.42
13.34
-13.39
-10.79
Balance sheet
FY2021
FY2021
FY2022
FY2023
FY2024
Cash and equivalents
0.2
87
49
44.5
18.7
Receivables
0.28
3.29
7.68
3.22
5
Total current assets
0.48
90.3
56.6
86.3
23.7
Property, plant and equipment
0.03
0.2
2.21
1.96
0.27
Lease right-of-use assets
6.14
6.14
0.81
Intangible assets
8.78
18.2
40.3
3.41
1.94
Total assets
9.31
114
124
99.8
26.7
Accounts payable
2.39
17.1
22.7
18.8
11.9
Short-term debt
5.46
Total current liabilities
7.85
17.1
23.8
26.8
12.2
Lease liabilities
6.68
6.28
0.7
Total liabilities
8.38
148
45.3
33.1
14.9
Paid-in capital
71
92.3
137
150
Retained earnings
-0.49
-272
-207
-278
-332
Total equity
0.93
-33.8
78.6
66.7
11.8
Total liabilities and equity
9.31
114
124
99.8
26.7
Cash flow statement
FY2021
FY2021
FY2022
FY2023
FY2024
Net income
-0.57
-272
65.1
-70.4
-54.6
Cash from operations
-1.34
-24
-26.7
-32.8
-34.1
Capital expenditures
-0.03
-0.22
-2.38
-0.71
-0.01
Cash from investing
-4.57
-9.31
-24.4
-16.1
-2.4
Debt issued
1.03
5.04
Debt repaid
-6.12
Stock issued
45.1
13.1
Cash from financing
1.68
120
22.2
44.9
11.2
Exchange rate effect
0.19
0.01
-9.03
-0.46
-0.41
Net change in cash
-4.23
86.8
Free cash flow
-1.36
-24.3
-29.1
-33.5
-34.1
Income taxes paid
-0.83
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $24.60 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-8,427.0%
Operating income / revenue.
Pre-tax margin
-8,183.0%
Pre-tax income / revenue.
Net margin
-18,628.0%
Net income / revenue.
FCF margin
-11,649.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-11,647.0%
Cash from operations / revenue.
Return on assets (ROA)
-86.3%
Net income / average total assets.
Capex / revenue
2.0%
Capital expenditures / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-54.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
82.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-73.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-38.3%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.94x
Current assets / current liabilities.
Quick ratio
1.94x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.53x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
55.8%
Total liabilities / total assets.
Interest coverage
-111x
Operating income / interest expense.
Working capital
$11.5M
Current assets - current liabilities.
Goodwill and intangibles / assets
7.3%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.00x
Revenue / average total assets.
Fixed asset turnover
0.26x
Revenue / average property, plant and equipment.
Receivables turnover
0.07x
Revenue / average receivables.
Days sales outstanding
5,116 days
365 x average receivables / revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$10.79
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$10.79
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$592.6M
Share price x shares outstanding.
Enterprise value
$573.9M
Market cap + total debt - cash - short-term investments.
P/S
2,023x
Market cap / revenue.
EV/Sales
1,959x
Enterprise value / revenue.
FCF yield
-5.8%
Free cash flow / market cap.
Earnings yield
-9.2%
Net income / market cap (the inverse of P/E).
What was Arqit Quantum Inc.'s revenue in fiscal 2024?
Arqit Quantum Inc. reported revenue of $293.0K for fiscal 2024, 54.2% lower than the year before.
Was Arqit Quantum Inc. profitable in fiscal 2024?
No. It reported a net loss of $54.6M.
How much free cash flow did Arqit Quantum Inc. generate in fiscal 2024?
Cash from operations of $34.1M minus capital expenditures of $6.0K left free cash flow of -$34.1M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.