Arqit Quantum Inc.
ARQQ Technology Software Infrastructure
Arqit Quantum Inc.’s revenue for fiscal 2025 (year ended September 2025) was $530,000.00, up 80.9% from fiscal 2024.
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Arqit Quantum Inc. (ARQQ) Altman Z-score
Arqit Quantum Inc.'s Altman Z-score for fiscal 2025 is 6.06, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 6.06 | 25.44 |
| FY2024 | −19.37 | (41.77) |
| FY2023 | 22.40 | 25.96 |
| FY2023 | −3.56 | (160.24) |
| FY2022 | 156.68 | 151.31 |
| FY2022 | 5.37 | (265.82) |
| FY2021 | 271.18 | 273.19 |
| FY2021 | −2.01 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.59 | — | 0.70 | |
| Retained earnings / total assets | (8.72) | — | −12.21 | |
| EBIT / total assets | (0.90) | — | −2.97 | |
| Market value of equity / total liabilities | 34.22 | — | 20.53 | |
| Sales / total assets | 0.01 | — | 0.01 | |
| Altman Z-score | Safe zone | 6.06 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −28.81 | ||
Z and Z″ put Arqit Quantum Inc. in different zones: safe zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ARQQ Arqit Quantum Inc. | 6.1× |
| BKKT Bakkt Holdings, Inc. compare | 5.3× |
| IMXI INTERNATIONAL MONEY EXPRESS, INC. compare | 3.6× |
| XNET Xunlei Limited compare | 2.2× |
| TLS Telos Corporation compare | 2.2× |
| SUPX SuperX AI Technology Limited compare | 1.1× |
| PSFE Paysafe Limited compare | −0.1× |
| KDK Kodiak AI, Inc. compare | −6.3× |
| MOVE Corvex, Inc. compare | −51.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets