Monday 9 November 2026
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Arqit Quantum Inc.
ARQQTechnology Software Infrastructure
Arqit Quantum Inc.’s revenue for fiscal 2025 (year ended September 2025) was $530,000.00, up 80.9% from fiscal 2024.
15.96
3.68
+29.97%
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Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Mar ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 0 | 7 | 1 | 0 | 1 | 8 | +82.4% | 2 | 8 | — | +283.6% | |
| Gross margin, % | — | — | — | 0.00 | — | 0.00 | 82.09 | (311.56) | 100.00 | 100.00 | 0.00 | +100.0 pt | ||||||
| EBT | — | — | — | 1 | 0 | (272) | 53 | (74) | (26) | (38) | (9) | n/m | ||||||
| EBT margin, % | — | — | — | 0.00 | 0.00 | (567,284.13) | 740.54 | (11,570.16) | (8,946.76) | (7,097.36) | (114.29) | (7,097.4) pt | ||||||
| Net income | — | 0 | — | 1 | 0 | (272) | 53 | (74) | (60) | (38) | (19) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.06 | 0.04 | 0.00 | n/m | |||||
| Earnings | — | — | — | 0.01 | (0.02) | (2.47) | 0.54 | (0.54) | (10.79) | (2.56) | 0.08 | n/m | ||||||
| Cash flow | — | — | — | 0.03 | 0.00 | (0.22) | (0.22) | (0.25) | (6.74) | (2.14) | 0.00 | n/m | ||||||
| Capex | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.66) | (0.04) | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | 0.03 | 0.00 | (0.22) | (0.22) | (0.25) | (7.40) | (2.18) | 0.00 | n/m | ||||||
| Book value | — | — | — | 0.01 | 0.07 | (0.31) | 0.65 | 0.51 | 2.34 | 1.98 | 0.00 | +137.5% | ||||||
| Shares, m | — | — | — | 120 | 0 | 110 | 121 | 131 | 5 | 14 | 135 | (30.3%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 0.00 | 0.00 | 149.75 | 71.25 | 484.38 | 199.50 | 141.1 | |||||
| P/S | — | — | — | — | — | 0.00 | 0.00 | 0.69 | 0.33 | 2.22 | 0.92 | 0.6 | ||||||
| P/B | — | — | — | — | — | 0.00 | 0.43 | 0.08 | 0.17 | 1.09 | 0.25 | 0.4 | ||||||
| EV/Sales | — | — | — | — | — | 0.00 | 0.00 | (4.28) | (1.69) | (0.24) | (2.06) | (1.2) | ||||||
| EV/FCF | — | — | — | — | — | (7.94) | 0.20 | 0.54 | 0.22 | 0.03 | 0.18 | (1.4) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 4 | 0 | (24) | (27) | (33) | (34) | (30) | (60) | n/m | |||||
| Capex | — | — | — | (4) | (5) | (9) | (24) | (16) | (3) | (1) | 0 | (27.0%) | ||||||
| Free cash flow | — | — | — | 4 | 0 | (24) | (27) | (33) | (37) | (30) | (61) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 1 | 0 | 73 | 33 | 60 | 12 | 25 | 26 | +63.3% | |||||
| Net debt | — | — | — | (4) | 5 | (87) | (49) | (44) | (19) | (37) | (29) | +43.5% | ||||||
| Shareholders’ equity | — | — | — | 1 | 0 | (34) | 79 | 67 | 12 | 27 | 29 | +65.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 11.23 | (0.10) | (238.93) | 52.53 | (70.54) | (86.29) | (101.60) | 0.00 | (112.8) pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | 247.79 | (1.05) | 802.96 | 82.84 | (105.61) | (139.11) | (180.99) | 0.00 | (428.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 74 | 145 | 147 | 82 | 91 | — | +5.3% | |||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Sep 2025 · fundamentals updated 26 Oct 2026
Arqit Quantum Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ARQQ Arqit Quantum Inc. | $277.7M | 200× | — (loss-making) | +1,196.45% (above 0%: growing) | n/m | −12,314.98% (below 0%: shrinking) | 0.00% | 0.00% | |
| KDK Kodiak AI, Inc. | $256.8M | — (loss-making) | — | +595.63% (above 0%: growing) | n/m | −60.60% (below 0%: shrinking) | 100.00% | (1,248.27%) | Compare |
| NUAI New Era Energy & Digital, Inc. | $242.8M | — (loss-making) | — | −82.54% (below 0%: shrinking) | n/m | −399.88% (below 0%: shrinking) | 100.00% | (46,250.68%) | Compare |
| SUPX SuperX AI Technology Limited | $226.6M | — | — | — | — | −135,337.38% (below 0%: shrinking) | — | — | Compare |
| XNET Xunlei Limited | $225.6M | — (loss-making) | — | +38.73% (above 0%: growing) | n/m | +309.97% (above 0%: growing) | 56.13% | (4.67%) | Compare |
| IMXI INTERNATIONAL MONEY EXPRESS, INC. | $221.8M | 11.7× | 15.5× | −18.60% (below 0%: shrinking) | −62.16% (below 0%: shrinking) | +203.48% (above 0%: growing) | 20.76% | 6.67% | Compare |
| BKKT Bakkt Holdings, Inc. | $193.8M | — (loss-making) | 1.7× | −70.05% (below 0%: shrinking) | n/m | −401.44% (below 0%: shrinking) | 1.30% | (11.53%) | Compare |
| OWLS OBOOK Holdings Inc. | $192.6M | — | — | — | — | −18.94% (below 0%: shrinking) | — | — | Compare |
| QNC Quantum eMotion Corp. | $188.8M | — (loss-making) | — (loss-making) | — | n/m | −59.64% (below 0%: shrinking) | 100.00% | (309,745.45%) | Compare |
| Median of peers | $223.7M | — | — | −18.60% | — | −60.12% | 78.07% | (629.90%) |