ARQQ - Arqit Quantum Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$60.00
DETAILS
HIGH:
$60.00
LOW:
$60.00
MEDIAN:
$60.00
CONSENSUS:
$60.00
UPSIDE:
147.32%
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 0.6 | 0.5 | 0.1 | 0.2 | 0.1 | 0.6 | 0.0 | (3.6) | 5.3 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0.7 | 0.3 | 0.4 | 0.8 | 1.1 | 1.5 | 1.4 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0.0 | 0.0 |
| Gross Profit | (0.0) | 0.1 | (0.4) | (0.6) | (1.0) | 0.6 | (1.3) | (3.6) | 5.3 | (0.2) | 0 | 0 | 0 | (0.0) | (0.0) |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 30.9 | 17.0 | 15.2 | 13.8 | 18.0 | 30.4 | 30.6 | (32.1) | 26.6 | 6.9 | 1.7 | 1.4 | 0.7 | 0.4 | 0.4 |
| Other Expenses | 0 | 5.0 | 0 | (6.4) | (2.4) | 0 | (6.5) | 0 | (7.0) | 158.7 | 0 | (1.8) | (0.9) | 0 | 0 |
| Operating Expenses | 30.9 | 22.0 | 15.2 | 7.5 | 15.6 | 30.4 | 24.0 | (32.1) | 19.6 | 9.1 | 5.5 | (0.4) | (0.2) | 0.4 | 0.4 |
| Operating Income | |||||||||||||||
| Operating Income | (30.9) | (21.8) | (15.6) | (8.1) | (16.6) | (29.7) | (25.4) | 35.0 | (14.3) | (37.0) | (5.5) | (0.4) | (0.2) | (0.4) | (0.4) |
| Interest Expense | 0.0 | 0.0 | 0.0 | 0.2 | 0.1 | 0.1 | 0.2 | (0.4) | 0.1 | 0.5 | 0.6 | 0.2 | 0.1 | 0.0 | 0.0 |
| Interest Income | 0.4 | 0.7 | 0.6 | 0.3 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.3 |
| Profitability | |||||||||||||||
| EBITDA | (30.2) | (20.0) | (15.2) | (1.1) | (19.0) | (26.2) | (31.9) | 8.5 | (21.2) | (8.4) | (5.4) | (0.4) | (0.2) | 0.4 | 0.4 |
| EBIT | (30.9) | (20.3) | (15.6) | (3.1) | (20.6) | (30.2) | (33.1) | 7.2 | (21.3) | (8.4) | (5.5) | (0.4) | (0.2) | 0.4 | 0.4 |
| Income Before Tax | (33.1) | (20.4) | (19.5) | (7.9) | (16.1) | (52.2) | (12.6) | 7.0 | 58.0 | (135.9) | (6.0) | (0.6) | (0.3) | 0.4 | 0.4 |
| Income Tax Expense | (0.0) | (2.2) | 0 | 0 | 0 | (0.1) | 0 | 0 | 0 | 0.5 | 0 | (0.3) | (0.1) | (0.1) | (0.1) |
| Net Income | (33.0) | (18.2) | (19.4) | (6.9) | (47.7) | (48.6) | (21.8) | 35.8 | 58.0 | (265.7) | (6.0) | (0.3) | (0.1) | 0.5 | 0.5 |
| Per Share Data | |||||||||||||||
| EPS (Basic) | -1.99 | -1.19 | -1.34 | -3.45 | -7.34 | -9.45 | -2.52 | 1.06 | 12.05 | -44.08 | -2.54 | -0.13 | -0.06 | 0.29 | 0.29 |
| EPS (Diluted) | -1.99 | -1.19 | -3.39 | -3.45 | -7.34 | -9.45 | -2.52 | 1.05 | 12.00 | -44.08 | -2.54 | -0.13 | -0.06 | 0.29 | 0.29 |
| Shares Outstanding | 16.6 | 15.3 | 12.8 | 11.5 | 6.5 | 5.1 | 8.7 | 4.9 | 4.8 | 4.4 | 2.4 | 2.2 | 2.2 | 2.4 | 2.4 |
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||
| Cash & Cash Equivalents | 28.9 | 37.0 | 24.8 | 18.7 | 21.3 | 44.5 | 41.5 | 49.0 | 82.2 | 87.0 | 21.7 | 0.0 | 0.0 | 1.1 | 1.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 3.3 | 3.0 | 1.8 | 0.5 | 7.8 | 1.3 | 1.1 | 5.9 | 15.6 | 0.1 | 0.2 | 0.0 | 0.0 | 0.2 | 0.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 4.0 | 4.4 | 38.8 | 0.7 | 0.9 | 0 | 0.9 | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Current Assets | 32.2 | 40.0 | 26.6 | 23.7 | 29.1 | 86.3 | 45.8 | 56.6 | 97.8 | 90.3 | 22.6 | 0.1 | 0.1 | 1.3 | 1.3 |
| Non-Current Assets | |||||||||||||||
| Property, Plant & Equipment | 2.0 | 0.7 | 0.9 | 1.1 | 7.0 | 8.1 | 9.5 | 8.3 | 7.9 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.0 | 2.1 | 1.9 | 1.7 | 3.7 | 3.4 | 57.2 | 40.3 | 30.0 | 18.2 | 4.6 | 2.2 | 2.2 | 1.0 | 1.0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0.2 | 2.0 | 1.9 | 1.9 | 18.6 | 7.5 | 5 | 1.2 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 4.1 | 2.8 | 2.8 | 3.0 | 12.7 | 13.4 | 68.7 | 67.2 | 45.5 | 23.5 | 5.9 | 2.2 | 2.2 | 1.0 | 1.0 |
| Total Assets | 36.2 | 42.9 | 29.4 | 26.7 | 41.8 | 99.8 | 114.5 | 123.9 | 143.2 | 113.7 | 28.4 | 2.3 | 2.3 | 2.3 | 2.3 |
| Current Liabilities | |||||||||||||||
| Account Payables | 0.8 | 0.0 | 10.6 | 9.0 | 8.2 | 11.8 | 13.3 | 17.5 | 18.9 | 9.7 | 0 | 0.1 | 0.1 | 0.1 | 0.1 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4 | 1.4 | 0 | 0 |
| Deferred Revenue | 0.4 | 0.4 | 0.1 | 0.0 | 0.0 | 0.0 | 0 | 0.2 | (1.1) | 2.7 | 0.7 | 0.4 | 0.4 | 0.4 | 0.4 |
| Other Current Liabilities | 2.1 | 7 | 4.3 | 1.0 | 2.3 | 8.1 | 1.4 | 1.1 | 0 | 0.5 | 1.2 | 0.1 | 0.1 | 0.5 | 0.5 |
| Total Current Liabilities | 6.6 | 14.9 | 10.8 | 12.2 | 17.2 | 26.8 | 20.8 | 23.8 | 20.0 | 17.1 | 4.3 | 2.0 | 2.0 | 0.9 | 0.9 |
| Non-Current Liabilities | |||||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 | 0.8 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 |
| Other Non-Current Liabilities | 0 | 0.3 | 2.0 | 2 | 4.0 | 0.0 | 5.9 | 10.6 | 59.3 | 128.0 | 32.0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 1.1 | 0.7 | 2.6 | 2.7 | 9.3 | 6.3 | 13.5 | 21.5 | 67.3 | 130.5 | 32.6 | 0.1 | 0.1 | 1.0 | 1.0 |
| Total Liabilities | 7.7 | 15.6 | 13.4 | 14.9 | 26.5 | 33.1 | 34.3 | 45.3 | 87.4 | 147.6 | 36.9 | 2.1 | 2.1 | 2.0 | 2.0 |
| Stockholders' Equity | |||||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0.0 | 0.0 |
| Retained Earnings | (240.1) | (373.8) | (349.3) | (332.1) | (325.2) | (277.5) | (229.0) | (207.1) | (214.2) | (272.2) | (68.1) | (0.1) | (0.1) | 0.0 | 0.0 |
| Accumulated Other Comprehensive Income | 30.6 | 156.3 | 197.0 | 157.4 | 165.7 | 207.1 | 199.9 | 170.2 | 177.8 | 167.1 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Total Stockholders' Equity | 28.5 | 27.2 | 16.0 | 11.8 | 15.3 | 66.7 | 80.2 | 78.6 | 55.9 | (33.8) | (8.5) | 0.2 | 0.2 | 0.3 | 0.3 |
| Total Liabilities & Equity | 36.2 | 42.9 | 29.4 | 26.7 | 41.8 | 99.8 | 114.5 | 123.9 | 143.2 | 113.7 | 28.4 | 2.3 | 2.3 | 2.3 | 2.3 |
| Debt Metrics | |||||||||||||||
| Total Debt | 2.2 | 0.7 | 0.8 | 1.0 | 7.7 | 8.4 | 9.2 | 7.8 | 9.1 | 0 | 0 | 1.4 | 1.4 | 0.8 | 0.8 |
| Net Debt | (26.7) | (36.3) | (23.9) | (17.7) | (13.6) | (36.1) | (32.3) | (41.1) | (73.1) | (87.0) | (21.7) | 1.3 | 1.3 | (0.2) | (0.2) |
| Metric | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Net Income | (33.1) | (18.2) | (17.2) | (10.3) | (47.7) | (52.1) | (21.8) | (16.3) | 58.0 | 0.3 | (6.0) | (0.6) | (0.3) | 0.5 | 0.5 |
| Depreciation & Amortization | 0.7 | 0.3 | 0.4 | 2.0 | 1.6 | 1.5 | 1.2 | 1.3 | 0.2 | (0.0) | 0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Stock-Based Compensation | 0 | 0 | (1.4) | (1.4) | (1.5) | 0 | 9 | 20.6 | 5.1 | 0.2 | 0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Change in Working Capital | 0 | 0 | 0 | (1.6) | 0 | 0 | 0 | (6.2) | (3.1) | 0.4 | 0 | (0.7) | (0.4) | 1.8 | 1.8 |
| Other Non-Cash Items | 7.1 | (16.4) | 4.7 | (0.1) | 24.9 | 27.4 | 2.3 | (18.9) | (71.3) | (12.6) | 4.4 | 0.6 | 0.3 | (2.2) | (2.2) |
| Operating Cash Flow | (25.3) | (16.4) | (12.5) | (11.5) | (22.7) | (24.7) | (9.4) | (13.3) | (13.2) | (12.0) | (1.6) | (0.7) | (0.3) | 1.9 | 1.9 |
| Investing Activities | |||||||||||||||
| Capital Expenditure | (0.0) | (0.0) | (0.0) | (3.3) | (0.0) | 1.0 | (0.2) | (1.8) | (13.5) | 5.8 | (4.3) | (2.3) | (1.1) | (1.8) | (1.8) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0.3 | 1.3 | (0.4) | 0 | (16.9) | (9.2) | (6.4) | (15.1) | (2.1) | 2.3 | 1.1 | (2.4) | (2.4) |
| Investing Cash Flow | (0.0) | (0.3) | 0.3 | (2.0) | (0.4) | 1.0 | (17.1) | (10.9) | (13.5) | (9.3) | (4.3) | (2.3) | (1.1) | (1.8) | (1.8) |
| Financing Activities | |||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | (3.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.5) | (0.1) | 18.2 | 1.1 | 0.1 | 26.5 | 19.6 | (51.5) | 10.5 | 72.7 | 6.6 | 0 | 0 | 2.5 | 2.5 |
| Financing Cash Flow | 17.4 | 28.9 | 18.2 | 11.1 | 0.1 | 26.5 | 19.6 | 1.0 | 21.0 | 69.6 | 13.3 | 0 | 0 | 1.9 | 1.9 |
| Cash Position | |||||||||||||||
| Net Change in Cash | (8.1) | 12.2 | 6.1 | (2.6) | (23.1) | 3.0 | (7.5) | (33.2) | (4.8) | 65.2 | 7.7 | (1.0) | (1.0) | 5.2 | 5.2 |
| Cash at Beginning | 37.0 | 24.8 | 18.7 | 21.3 | 44.5 | 41.5 | 49.0 | 82.2 | 87.0 | 21.7 | 0.0 | 1.1 | 1.1 | (1.0) | (1.0) |
| Cash at End | 28.9 | 37.0 | 24.8 | 18.7 | 21.3 | 44.5 | 41.5 | 49.0 | 82.2 | 87.0 | 7.7 | 0.0 | 0.0 | 4.2 | 4.2 |
| Free Cash Flow | (25.3) | (16.4) | (12.5) | (14.8) | (22.7) | (23.7) | (9.6) | (15.1) | (26.7) | (6.2) | (5.9) | (3.0) | (1.5) | 0.1 | 0.1 |
| Key Metrics | 2026 Q2 | 2025 Q4 | 2025 Q2 | 2024 Q4 | 2024 Q2 | 2023 Q4 | 2023 Q2 | 2022 Q4 | 2022 Q2 | 2021 Q4 | 2021 Q2 | 2020 Q4 | 2020 Q2 | 2019 Q4 | 2019 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 0.6 | 0.5 | 0.1 | 0.2 | 0.1 | 0.6 | 0.0 | (3.6) | 5.3 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (0.0) | 0.1 | (0.4) | (0.6) | (1.0) | 0.6 | (1.3) | (3.6) | 5.3 | (0.2) | 0 | 0 | 0 | (0.0) | (0.0) |
| Operating Income | (30.9) | (21.8) | (15.6) | (8.1) | (16.6) | (29.7) | (25.4) | 35.0 | (14.3) | (37.0) | (5.5) | (0.4) | (0.2) | (0.4) | (0.4) |
| Net Income | (33.0) | (18.2) | (19.4) | (6.9) | (47.7) | (48.6) | (21.8) | 35.8 | 58.0 | (265.7) | (6.0) | (0.3) | (0.1) | 0.5 | 0.5 |
| EPS (Diluted) | -1.99 | -1.19 | -3.39 | -3.45 | -7.34 | -9.45 | -2.52 | 1.05 | 12.00 | -44.08 | -2.54 | -0.13 | -0.06 | 0.29 | 0.29 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 28.9 | 37.0 | 24.8 | 18.7 | 21.3 | 44.5 | 41.5 | 49.0 | 82.2 | 87.0 | 21.7 | 0.0 | 0.0 | 1.1 | 1.1 |
| Total Assets | 36.2 | 42.9 | 29.4 | 26.7 | 41.8 | 99.8 | 114.5 | 123.9 | 143.2 | 113.7 | 28.4 | 2.3 | 2.3 | 2.3 | 2.3 |
| Total Debt | 2.2 | 0.7 | 0.8 | 1.0 | 7.7 | 8.4 | 9.2 | 7.8 | 9.1 | 0 | 0 | 1.4 | 1.4 | 0.8 | 0.8 |
| Stockholders' Equity | 28.5 | 27.2 | 16.0 | 11.8 | 15.3 | 66.7 | 80.2 | 78.6 | 55.9 | (33.8) | (8.5) | 0.2 | 0.2 | 0.3 | 0.3 |
| Cash Flow | |||||||||||||||
| Operating Cash Flow | (25.3) | (16.4) | (12.5) | (11.5) | (22.7) | (24.7) | (9.4) | (13.3) | (13.2) | (12.0) | (1.6) | (0.7) | (0.3) | 1.9 | 1.9 |
| Capital Expenditure | (0.0) | (0.0) | (0.0) | (3.3) | (0.0) | 1.0 | (0.2) | (1.8) | (13.5) | 5.8 | (4.3) | (2.3) | (1.1) | (1.8) | (1.8) |
| Free Cash Flow | (25.3) | (16.4) | (12.5) | (14.8) | (22.7) | (23.7) | (9.6) | (15.1) | (26.7) | (6.2) | (5.9) | (3.0) | (1.5) | 0.1 | 0.1 |