Company Analysis

Argo Blockchain plc (ARBK)

Nasdaq: ARBK · Finance Services · London, GB · filing with the SEC since 2021
Grade4.6
◀ Past 4.9● Present 4.1▶ Future 4.9
2 est.

The grade of Argo Blockchain plc

Nine metrics read from its own filings, by tense
Headline grade
4.6/10
◀ Past4.940% of the headline
● Present4.135% of the headline
▶ Future4.925% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.9/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
5.6/10

Has it survived what it has been through?

2 warning events since 2021; the latest 2025-04-30.

weight 45% of this tense · 56th percentile among 130 sector filers · read for itself

From the record

Argo Blockchain plc's filings since 2021 show 2 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2025-04-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.7/10

What has it actually done, year after year?

-21.9% a year over 4 filed years; profitable in 1 of 4.

weight 22% of this tense · 27th percentile among 104 sector filers · read for its customers

From the record

Argo Blockchain plc's 4 filed years say what it did: revenue went from $99 million in fiscal 2021 to $47 million in fiscal 2024, down 21.9% a year; it rose in 0 of 3 years; the deepest fall was 52% from fiscal 2021 to fiscal 2024; net income was positive in 1 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-21.9%bottom 13% of its family
  • the share of years revenue rosebottom 5% of its family
  • the share of filed years with a profitbottom 45% of its family
  • the deepest fall from a revenue peak52.4%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.6/10

How has it treated the people who own it?

SI estimate 5.6/10, confidence 35 of 100 (one part).

weight 33% of this tense · 56th percentile among 115 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 44% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 115 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Argo Blockchain plc's shareholder treatment is put at 5.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 44% of 115 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.1/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.9/10

Is it financially healthy right now?

Leverage 253%: owes 253¢ per asset dollar.

weight 45% of this tense · 39th percentile among 117 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Argo Blockchain plc's shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 8 cents per dollar of everything the company owns. Leverage: it owed about 253 cents per dollar of assets, and net share issuance: its share count grew 20.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 1% of its family
  • gross profit against assetstop 37% of its family
  • the share count against the year beforetop 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.5/10

How strong is its position in its industry?

bottom 35% of 114 in its family; net margin -117.2%.

weight 33% of this tense · 35th percentile among 114 sector filers · read for its customers

From the record

Argo Blockchain plc's standing among 114 graded names in its industry family: revenue of $47 million in fiscal 2024 ranks in the bottom 45% by size; a net margin of -117.2% ranks in the bottom 40%; revenue growth of -21.9% a year over the last 3 filed years ranks in the bottom 19% (its annual reports).

What it rests on

  • revenue against the family$47.0Mbottom 45% of its family
  • net margin-117.2%bottom 40% of its family
  • three-year revenue growth-21.9%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.5/10

What are the people in charge doing?

SI estimate 5.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 74 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 74 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 74 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Argo Blockchain plc's leadership is put at 5.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 74 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.9/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.9/10

How much room does it have to grow?

bottom 49% of 108 in its family for room to expand.

weight 33% of this tense · 49th percentile among 108 sector filers · read for itself

From the record

Argo Blockchain plc's room to grow, from the newest filed statements (fiscal 2024): cash of $9 million against no long-term debt tagged leaves 44.8% of its assets as net cash, top 6% of its family; cash from operations less capital spending is -95.3% of revenue (bottom 36%); a gross margin of 3.1% (bottom 17%) (its annual report).

What it rests on

  • cash less debt against assets44.8%top 6% of its family
  • cash from operations less capital spending against revenue-95.3%bottom 36% of its family
  • gross margin3.1%bottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.9/10

What could actually drive growth from here?

bottom 29% of 100 in its family for growth drivers.

weight 33% of this tense · 29th percentile among 100 sector filers · read for its customers

From the record

Argo Blockchain plc's growth drivers, from the filed years to fiscal 2024: revenue grew -21.9% a year over the last three filed years against -21.9% over all 4, speeding up (top 42% of its family); the newest year grew -7% (bottom 28%); capital spending grew -89.7% a year (bottom 2%) (its annual reports). Argo Blockchain plc tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 42% of its family
  • the newest year's revenue growth-7.0%bottom 28% of its family
  • three-year growth of capital spending-89.7%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.8/10

Did its newest year beat what its own record pointed to?

top 32% of 78 in its family for expectations against reality.

weight 33% of this tense · 68th percentile among 78 sector filers · read for its shareholders

From the record

Argo Blockchain plc's newest year against its own record: revenue of $47 million in fiscal 2024 came in 30% above the $36 million its prior three years' pace pointed to (top 27% of its family); net income of $55 million against a prior three-year average of $75 million (top 38%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 31%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace30.0%top 27% of its family
  • net income against the prior three years' average+26%top 38% of its family
  • net margin against its prior average+22.7 pointstop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ARBK · research, not advice