Company Analysis

Arqit Quantum Inc. (ARQQ)

Nasdaq: ARQQ · Services-Prepackaged Software · London, GB · filing with the SEC since 2021
Grade4.1
◀ Past 4.1● Present 4.4▶ Future 3.9
3 est.

The grade of Arqit Quantum Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past4.125% of the headline
● Present4.435% of the headline
▶ Future3.940% of the headline

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

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.1/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.3/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

Arqit Quantum Inc.'s filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

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

Track record

as filed
4.0/10

What has it actually done, year after year?

+82.7% a year over 4 filed years; profitable in 1 of 4.

weight 45% of this tense · 40th percentile among 213 sector filers · read for its customers

From the record

Arqit Quantum Inc.'s 4 filed years say what it did: revenue went from $48 thousand in fiscal 2021 to $293 thousand in fiscal 2024, up 82.7% a year; it rose in 1 of 3 years; the deepest fall was 96% from fiscal 2022 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 span82.7%top 4% of its family
  • the share of years revenue rosebottom 6% of its family
  • the share of filed years with a profittop 48% of its family
  • the deepest fall from a revenue peak95.9%bottom 4% of its family

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

Shareholder treatment

SI estimate
2.1/10

How has it treated the people who own it?

SI estimate 2.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 21st percentile among 216 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 bottom 21% of 216 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 216 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: Arqit Quantum Inc.'s shareholder treatment is put at 2.1 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 bottom 21% of 216 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?

4.4/1035% of the headline grade · 1 of 3 filed, 2 estimated

Financial health

SI estimate
5.1/10

Is it financially healthy right now?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 221 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
The newest annual statements on file are more than two years old, so the desk assumes the typical reading of its industry family, the median of 221 members with one.
What the record cannot read
The newest annual statements on file are more than two years old.
How it was reasoned
family median, 221 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: Arqit Quantum Inc.'s financial health is put at 5.1 of 10 with a confidence of 20 of 100, because the newest annual statements on file are more than two years old, so the desk assumes the typical reading of its industry family, the median of 221 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
3.3/10

How strong is its position in its industry?

bottom 32% of 218 in its family; net margin -18628.3%.

weight 33% of this tense · 32nd percentile among 218 sector filers · read for its customers

From the record

Arqit Quantum Inc.'s standing among 218 graded names in its industry family: revenue of $293 thousand in fiscal 2024 ranks in the bottom 1% by size; a net margin of -18628.3% ranks in the bottom 1%; revenue growth of 82.7% a year over the last 3 filed years ranks in the top 3% (its annual reports).

What it rests on

  • revenue against the family$293,000bottom 1% of its family
  • net margin-18628.3%bottom 1% of its family
  • three-year revenue growth82.7%top 3% of its family

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

Leadership

SI estimate
4.8/10

What are the people in charge doing?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 157 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; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 157 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; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 157 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: Arqit Quantum Inc.'s leadership is put at 4.8 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; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 157 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?

3.9/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.8/10

How much room does it have to grow?

bottom 48% of 216 in its family for room to expand.

weight 22% of this tense · 48th percentile among 216 sector filers · read for itself

From the record

Arqit Quantum Inc.'s room to grow, from the newest filed statements (fiscal 2024): cash of $19 million against no long-term debt tagged leaves 70% of its assets as net cash, top 4% of its family; cash from operations less capital spending is -11649.1% of revenue (bottom 1%) (its annual report).

What it rests on

  • cash less debt against assets70.0%top 4% of its family
  • cash from operations less capital spending against revenue-11649.1%bottom 1% of its family

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

Growth drivers

as filed
2.6/10

What could actually drive growth from here?

bottom 26% of 213 in its family for growth drivers.

weight 45% of this tense · 26th percentile among 213 sector filers · read for its customers

From the record

Arqit Quantum Inc.'s growth drivers, from the filed years to fiscal 2024: revenue grew 82.7% a year over the last three filed years against 82.7% over all 4, speeding up (top 27% of its family); the newest year grew -54.1% (bottom 2%); capital spending grew -70% a year (bottom 2%) (its annual reports). Arqit Quantum Inc. 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 27% of its family
  • the newest year's revenue growth-54.1%bottom 2% of its family
  • three-year growth of capital spending-70.0%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
5.0/10

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

bottom 50% of 194 in its family for expectations against reality.

weight 33% of this tense · 50th percentile among 194 sector filers · read for its shareholders

From the record

Arqit Quantum Inc.'s newest year against its own record: revenue of $293 thousand in fiscal 2024 came in 87.5% below the $2 million its prior three years' pace pointed to (bottom 1% of its family); net income of $55 million against a prior three-year average of $92 million (bottom 49%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 1%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-87.5%bottom 1% of its family
  • net income against the prior three years' average+41%bottom 49% of its family
  • net margin against its prior averageup more than 100 pointstop 1% 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 ARQQ · research, not advice