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ARQQ

Arqit Quantum Inc.

ARQQ

Arqit Quantum Inc. • NASDAQ
$28.51 ▲ 3.41% (+0.94)
Market Cap $435.98 M
52w High $62.00
52w Low $11.00
Dividend Yield 0%
P/E -4.76
Volume 165.17K
Outstanding Shares 15.29M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $168K ▼ $17.964M ▲ $-17.166M ▼ -10.218K% ▼ $-1.34 ▲ $-16.886M ▼
Q4-2024 $174K ▲ $7.476M ▼ $-6.909M ▲ -3.971K% ▲ $-3.45 ▲ $-1.149M ▲
Q2-2024 $119K ▼ $15.623M ▼ $-47.672M ▲ -40.061K% ▼ $-7.34 ▲ $-19.042M ▲
Q4-2023 $621K ▲ $30.37M ▲ $-48.557M ▼ -7.819K% ▲ $-9.45 ▼ $-26.234M ▲
Q2-2023 $19K $24.023M $-21.836M -114.926K% $-2.52 $-31.914M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $24.781M ▲ $29.385M ▲ $13.407M ▼ $15.978M ▲
Q4-2024 $18.705M ▼ $26.719M ▼ $14.901M ▼ $11.818M ▼
Q2-2024 $21.328M ▼ $41.804M ▼ $26.473M ▼ $15.331M ▼
Q4-2023 $44.455M ▲ $99.785M ▼ $33.132M ▼ $66.653M ▼
Q2-2023 $41.504M $114.467M $34.304M $80.163M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-17.166M ▼ $-12.476M ▼ $313K ▲ $18.218M ▲ $0 ▲ $-12.506M ▲
Q4-2024 $-10.333M ▲ $-11.471M ▲ $-1.998M ▼ $11.093M ▲ $-2.623M ▲ $-14.793M ▲
Q2-2024 $-47.672M ▲ $-22.655M ▲ $-400K ▼ $95K ▼ $-23.127M ▼ $-22.661M ▲
Q4-2023 $-52.072M ▼ $-24.707M ▼ $1.014M ▲ $26.493M ▲ $2.951M ▲ $-23.693M ▼
Q2-2023 $-21.836M $-9.356M $-17.137M $19.639M $-7.462M $-9.563M

Five-Year Company Overview

Income Statement

Income Statement Arqit is still very much in the early commercial stage. Reported revenues are essentially negligible, and the business is being funded by investors rather than by customer income. Operating losses have been steady but are slowly narrowing, which suggests some cost discipline but not yet scale. The jumpy pattern in net income and earnings per share looks driven more by one‑off accounting effects and share structure changes (including the reverse split) than by underlying business strength. Overall, the income statement tells a story of a company still building its market rather than one that has already proven durable, recurring revenue.

Balance Sheet

Balance Sheet The balance sheet is small and fairly simple. Assets are modest and have been drifting down, with cash still the key resource but gradually being drawn down over time. Debt is minimal, which reduces financial risk, but also means the company is heavily reliant on equity capital. Shareholders’ equity has moved from negative to modestly positive, which is an improvement, yet the cushion remains thin. The reverse stock split signals pressure on the share price and a focus on maintaining listing status rather than balance sheet strength.

Cash Flow

Cash Flow Cash flows show a consistent pattern of money going out to fund operations and development, with no offsetting cash coming in from the business itself. Operating cash burn has been relatively steady, indicating the company is holding spending at a controlled but still loss‑making level. Capital spending needs are not large, which fits a software‑centric model, but free cash flow is firmly negative. The company’s future hinges on either growing revenue quickly enough to cover this burn or periodically raising more capital.

Competitive Edge

Competitive Edge Arqit operates in a very specialized, emerging niche: quantum‑safe cybersecurity. Its main strengths lie in a software‑only approach, which avoids expensive hardware changes for customers, and a substantial patent portfolio around its key agreement technology. Early positioning in government, defense, and telecom, plus partnerships with large players like Oracle and Intel, give it credibility and potential distribution channels. On the risk side, the market is young and crowded with both startups and established security vendors, sales cycles in defense and telecom are long, and the company still has to prove that it can turn technical leadership into broad commercial adoption.

Innovation and R&D

Innovation and R&D Innovation is the centerpiece of Arqit’s story. The firm has built a platform specifically aimed at protecting data from future quantum computer attacks and has wrapped it into multiple products, from core network security to edge devices for defense uses and migration tools for post‑quantum encryption. A large and growing global patent portfolio supports this focus and could form a meaningful moat if adoption grows. The flip side is that sustained R&D spending is required while revenues are still tiny, so the company must balance innovation ambitions with careful cash management and clear commercialization paths.

Summary

Arqit is essentially a high‑risk, early‑stage technology platform company: strong on vision and intellectual property, weak so far on revenue and self‑funded profitability. Financial statements show a small, loss‑making business that is tightly dependent on external capital and disciplined cost control. Strategically, its specialization in quantum‑safe cybersecurity, software‑first model, and notable partnerships give it a credible position in an important emerging field. The main questions going forward are whether the company can convert pilots and partnerships into meaningful, recurring revenue before cash becomes a constraint, and how it will navigate a rapidly evolving competitive and regulatory landscape in quantum‑era security.

NEWS

November 11, 2025 · 9:00 AM UTC

Arqit launches SKA Central Controller to simplify quantum-safe network deployments for Managed Service Providers

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October 9, 2025 · 9:00 AM UTC

Arqit Quantum Inc. Announces Select Preliminary Financial Results for the Second Half and Full Fiscal Year 2025

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September 16, 2025 · 9:00 AM UTC

Fabric Networks purchases commercial license from Arqit to deploy quantum‑safe networks at scale

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September 15, 2025 · 9:00 AM UTC

NCSC selects Arqit to support UK's post-quantum cryptography migrations

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