ARBK

MKT CAP:$1M

Argo Blockchain plc

Market Cap

$1M

Financial Services·Financial - Capital Markets·🇬🇧 United Kingdom·NASDAQ

Financials·Financial·🇬🇧·NASDAQ

Stock Price

$3.45-$0.24 (-6.50%)

Apr 22, 2026

Company Details

Argo Blockchain plc, together with its subsidiaries, engages in the bitcoin and other cryptocurrencies mining business worldwide. It engages in mining purpose-built computers for cryptographic algorithms. The company was formerly known as G...

CEO

Justin Nolan

IPO Date

Sep 23, 2021

Website

www.argoblockchain.com

Key Metrics TTM

Revenue

$127M

— YoY

Net Income

$51M

EPS (Diluted)

$296.15

Free Cash Flow

-$16M

Revenue / Share

$380.93

Gross Margin

80.0%

Operating Margin

57.3%

Net Margin

39.9%

FCF Margin

-12.4%

P/S

0.0x

P/E

0.0x

Earnings Reports

Q2 2025

Jun 29, 2025

$6MEPS -$24.60

Q3 2024

Sep 30, 2024

$7MEPS -$22.03

Q4 2023

Apr 30, 2024

$10MEPS -$40.80

Q4 2021

May 2, 2022

$102M+1748.8%EPS $383.58

Q2 2021

Jun 30, 2021

$31MEPS -$92.36

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$6M	$3M	$2M
Q2 21	$31M	-$11M	-$15M
Q4 21	$102M	$104M	$89M
Q4 23	$10M	-$753.0K	-$7M
Q3 24	$7M	-$2M	-$4M
Q2 25	$6M	-$726.2K	-$6M

Valuation

Quarter	P/S	P/E
Q4 20	—	—
Q2 21	—	—
Q4 21	—	—
Q4 23	0.0x	0.0x
Q3 24	0.0x	0.0x
Q2 25	0.0x	0.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$437.3K	$437.3K
Q4 23	-$1M	-$2M
Q3 24	-$3M	-$3M
Q2 25	-$12M	-$12M

Capital Expenditures

Quarter	CapEx
Q4 20	$39
Q4 23	$289.0K
Q3 24	$0
Q2 25	$6.1K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 24	+34.7%	+279.9%
Q2 25	-79.4%	-74.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$451.6K	8.2%
Q4 23	$920.0K	8.8%
Q3 24	-$1M	-15.8%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 20	$27.2K	$961.1K	—	—
Q2 21	—	$2M	$2M	—
Q4 21	—	$8M	—	—
Q2 25	—	—	—	$5M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$613.0K	$0	$613.0K
Q4 18	$28M	$3.6K	$28M
Q2 19	$10M	$0	$10M
Q4 19	$285.2K	$1M	$2M
Q2 20	$2M	$1M	$3M
Q4 20	$4M	$0	$4M
Q2 21	$30M	$0	$30M
Q4 21	$16M	$109M	$125M
Q2 22	$15M	$0	$15M
Q2 23	$9M	$0	$9M
Q4 23	$7M	$385.0K	$8M
Q1 24	$12M	$810.0K	$13M
Q2 24	$4M	$170.0K	$4M
Q3 24	$3M	$12.0K	$3M
Q4 24	$9M	$6.0K	$9M
Q2 25	$2M	$193.0K	$2M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	33M	—	—
Q2 21	176K	-99.5%	—
Q4 21	192K	+9.3%	—
Q4 23	242K	+26.1%	—
Q3 24	286K	+17.9%	-99.1%
Q2 25	332K	+16.3%	+88.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	—	—
Q2 21	—	—
Q4 21	$2M	43
Q4 23	$325.2K	32
Q3 24	$233.1K	32
Q2 25	$288.0K	22

Revenue / Employee