NASDAQ · Financial Statements

Argo Blockchain plc (ARBK) Financial Statements

$3.12 NASDAQ: ARBK Market Cap $992250

Argo Blockchain plc most recently reported annual revenue of $16.0M, net profit of $5.0M. Revenue declined at an average annual rate of 3.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Argo Blockchain plc: Revenue rose from $1.0M in 2018 to $16.0M in 2025, a change of +1500.0% over 7 years; net profit was positive in 3 of 8 reported years; operating margin moved from -436.9% to -63.0%, a shift of +373.9 percentage points; the most recent year shows net profit of $5.0M.

Income Statement — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$1.0M	$11.0M	$19.0M	$99.0M	$48.0M	$58.0M	$49.0M	$16.0M
Operating Expenses	$4.0M	$11.0M	$17.0M	$44.0M	$70.0M	$77.0M	$64.0M	$25.0M
Operating Profit	$-3.0M	$0	$2.0M	$55.0M	$-22.0M	$-20.0M	$-15.0M	$-10.0M
Operating Margin	-436.9%	1.2%	8.4%	55.6%	-46.3%	-34.2%	-31.6%	-63.0%
Other Income	$-1.0M	$-1.0M	$0	$-5.0M	$-177.0M	$-15.0M	$-39.0M	$14.0M
Interest	$0	$0	$0	$3.0M	$23.0M	$12.0M	$7.0M	$4.0M
Depreciation	$0	$3.0M	$6.0M	$15.0M	$24.0M	$20.0M	$15.0M	$3.0M
Profit Before Tax	$-4.0M	$-1.0M	$1.0M	$50.0M	$-199.0M	$-35.0M	$-55.0M	$5.0M
Tax	$0	$0	$0	$22.5M	$5.9M	$0	$-620,000	$-8.8M
Net Profit	$-4.0M	$-1.0M	$1.0M	$39.0M	$-229.0M	$-35.0M	$-55.0M	$5.0M
EPS	$-30.20	$-6.40	$8.60	$157.00	$-863.20	$-149.00	$-192.90	$15.30
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

7 duplicate period labels in the source data were collapsed.

Metric	Jun '21	Dec '21	Jun '22	Dec '22	Jun '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Jun '25	Dec '25
Revenue	$23.0M	$76.0M	$20.0M	$12.0M	$11.0M	$10.0M	$17.0M	$31.0M	$7.0M	$19.0M	$6.0M	$9.0M
Operating Expenses	$34.0M	$10.0M	$18.0M	$36.0M	$17.0M	$17.0M	$21.0M	$40.0M	$12.0M	$25.0M	$12.0M	$13.0M
Operating Profit	$-11.0M	$66.0M	$2.0M	$-24.0M	$-6.0M	$-7.0M	$-4.0M	$-9.0M	$-4.0M	$-6.0M	$-6.0M	$-4.0M
Operating Margin	-50.0%	87.3%	9.3%	-203.9%	-52.5%	-66.8%	-24.9%	-30.3%	-57.5%	-29.9%	-89.6%	-44.9%
Interest	$0	$3.0M	$2.0M	$3.0M	$3.0M	$3.0M	$2.0M	$4.0M	$1.0M	$3.0M	$2.0M	$2.0M
Profit Before Tax	$-12.0M	$62.0M	$2.0M	$-201.0M	$-9.0M	$-10.0M	$-3.0M	$-32.0M	$-6.0M	$-22.0M	$-9.0M	$13.0M
Tax	$-41.3M	$10.5M	$-6.0M	$5.8M	$0	$0	$-12.1M	$-1.1M	$0	$0	$4.8M	$30,000
Net Profit	$-16.0M	$56.0M	$2.0M	$-126.0M	$-9.0M	$-10.0M	$-3.0M	$-33.0M	$-6.0M	$-22.0M	$-8.0M	$13.0M
EPS	$39.80	$284.50	$-150.00	$-569.40	$-42.60	$-40.80	$-12.60	$-123.60	$-22.03	$-77.30	$-24.60	$39.90

Over the 8 years reported for Argo Blockchain plc, cash stood at $2.0M in the latest year, shareholders' equity was $39.0M, current assets covered current liabilities 0.50 times.

Balance Sheet — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$27.0M	$32.0M	$44.0M	$388.0M	$110.0M	$76.0M	$19.0M	$23.0M
Current Assets	$24.0M	$4.0M	$12.0M	$210.0M	$22.0M	$15.0M	$12.0M	$4.0M
Cash	$21.0M	$0	$3.0M	$12.0M	$20.0M	$7.0M	$9.0M	$2.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0
Receivables	$0	$2.0M	$2.0M	$10.0M	$1.0M	$1.0M	$2.0M	$1.0M
Fixed Assets	$3.0M	$20.0M	$24.0M	$151.0M	$78.0M	$60.0M	$7.0M	$13.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$0	$7.0M	$12.0M	$95.0M	$3.0M	$1.0M	$0	$0
Other Assets	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$0	$5.0M	$11.0M	$116.0M	$86.0M	$76.0M	$49.0M	$10.0M
Current Liabilities	$0	$5.0M	$6.0M	$74.0M	$21.0M	$28.0M	$9.0M	$8.0M
Borrowings	$0	$1.0M	$10.0M	$73.0M	$76.0M	$63.0M	$40.0M	$4.0M
Other Liabilities	$0	$4.0M	$1.0M	$43.0M	$10.0M	$13.0M	$9.0M	$6.0M
Equity	$0	$0	$0	$1.0M	$1.0M	$1.0M	$1.0M	$39.0M
Reserves	$27.0M	$27.0M	$24.0M	$272.0M	$25.0M	$0	$-29.0M	$13.0M

For Argo Blockchain plc, operating cash flow was positive in 1 of 8 reported years; free cash flow in the latest year was negative at $25.0M; free cash flow was positive in 1 of 8 years; financing activities used $4.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$-5.0M	$-1.0M	$3.0M	$-37.0M	$-101.0M	$-48.0M	$-45.0M	$-25.0M
Investing Cash Flow	$-7.0M	$-42.0M	$-4.0M	$-371.0M	$-91.0M	$50.0M	$55.0M	$17.0M
Financing Cash Flow	$0	$0	$0	$-10.0M	$-23.0M	$-11.0M	$-5.0M	$-4.0M
Net Cash Flow	$16.0M	$-21.0M	$3.0M	$13.0M	$4.0M	$-13.0M	$1.0M	$-6.0M
Free Cash Flow	$-9.0M	$-20.0M	$1.0M	$-225.0M	$-209.0M	$-49.0M	$-45.0M	$-25.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.02
EV / EBITDA	-9.58
FCF Yield	-130.81%
Quick Ratio	0.74
Interest Coverage	-2.50
Return 1Y	-96.31%
Return 3Y	-99.08%
Return 5Y	—

Argo Blockchain plc (ARBK) financials — frequently asked questions

What is Argo Blockchain plc's annual revenue?

Argo Blockchain plc (ARBK) reported annual revenue of $16.0M in its most recent fiscal year.

What is Argo Blockchain plc's net profit?

Argo Blockchain plc (ARBK) reported net profit of $5.0M in its most recent fiscal year.

What is ARBK EV/EBITDA?

Argo Blockchain plc's enterprise value to EBITDA (EV/EBITDA) ratio is -9.58. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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