What is Argo Blockchain's operating income?

Argo Blockchain's total operating income in 2025 was -$18.00 million, based on the following breakdown: Total Gross Profit: $287 thousand Total Operating Expenses: $730 thousand

Argo Blockchain (ARBK) Financials

$3.13 0.00 (-0.10%)

As of 12:34 PM Eastern

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Annual Income Statements for Argo Blockchain

This table shows Argo Blockchain's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1.97	18	-259	-35	-55	5.08
Consolidated Net Income / (Loss)	1.97	18	-229	-35	-55	5.08
Net Income / (Loss) Continuing Operations	1.97	18	-259	-35	-55	5.08
Total Pre-Tax Income	1.97	30	-271	-35	-55	4.67
Total Operating Income	1.97	30	-114	-36	-43	-18
Total Gross Profit	1.97	69	11	3.10	1.46	0.29
Total Revenue	25	0.00	58	44	49	13
Operating Revenue	25	-	58	44	49	13
Total Cost of Revenue	23	-38	47	78	47	30
Operating Cost of Revenue	23	-38	47	78	47	30
Total Operating Expenses	0.00	8.83	125	2.65	45	0.73
Other Operating Expenses / (Income)	0.00	8.83	63	0.72	13	0.00
Impairment Charge	0.00	-	61	1.94	32	0.73
Total Other Income / (Expense), net	0.00	0.00	-156	1.55	-12	23
Interest Expense	-	-	-	0.00	-	-22
Interest & Investment Income	0.00	-	0.00	0.04	0.00	0.00
Other Income / (Expense), net	0.00	0.00	-156	1.51	-12	0.26
Income Tax Expense	0.00	11	-12	0.00	0.34	-0.41
Weighted Average Basic Shares Outstanding	-	468.08M	477.83M	536.96M	637.98M	28.86B
Diluted Earnings per Share	$0.00	-	-	($0.07)	-	$0.00
Weighted Average Diluted Shares Outstanding	-	468.08M	477.83M	536.96M	637.98M	28.86B
Weighted Average Basic & Diluted Shares Outstanding	-	468.08M	477.83M	536.96M	637.98M	28.86B

No quarterly income statements for Argo Blockchain are available.

This table details how cash moves in and out of Argo Blockchain's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	2.58	214	12	32	61	-8.50
Net Cash From Operating Activities	1.10	18	12	39	65	-11
Net Cash From Continuing Operating Activities	1.10	18	12	39	65	-11
Net Income / (Loss) Continuing Operations	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation Expense	8.23	15	29	20	15	3.15
Non-Cash Adjustments To Reconcile Net Income	-4.13	2.42	-17	18	50	-15
Net Cash From Investing Activities	0.96	-19	0.00	0.00	0.00	0.00
Net Cash From Continuing Investing Activities	0.96	-19	0.00	0.00	0.00	0.00
Net Cash From Financing Activities	0.79	215	0.00	-6.55	-4.39	2.94
Net Cash From Continuing Financing Activities	0.79	215	0.00	-6.55	-4.39	2.94
Repayment of Debt	0.00	-	-	-14	-26	-0.40
Issuance of Debt	-1.32	36	-	0.00	0.00	5.25
Issuance of Common Equity	2.12	179	0.00	7.52	22	-1.91
Cash Interest Paid	0.21	-	-	11	6.22	1.89
Cash Interest Received	0.00	-	0.00	0.00	0.61	0.11

No quarterly cash flow statements for Argo Blockchain are available.

This table presents Argo Blockchain's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	45	388	110	76	19	23
Total Current Assets	12	27	27	15	12	4.04
Cash & Equivalents	2.80	16	20	7.44	8.63	2.20
Accounts Receivable	2.97	10	0.82	2.48	2.45	0.65
Inventories, net	-	-	0.00	3.26	0.00	0.00
Prepaid Expenses	-	-	5.98	1.36	0.63	1.19
Plant, Property, & Equipment, net	14	156	77	60	7.07	11
Plant, Property & Equipment, gross	14	226	77	60	7.07	11
Total Noncurrent Assets	18	136	3.39	0.00	0.00	1.89
Other Noncurrent Operating Assets	16	0.47	0.53	0.00	0.00	1.89
Total Liabilities & Shareholders' Equity	45	318	110	76	19	23
Total Liabilities	11	116	86	76	49	9.83
Total Current Liabilities	6.02	21	21	28	9.44	8.06
Short-Term Debt	0.00	-	12	14	0.86	1.60
Accounts Payable	1.28	21	9.78	11	8.18	6.33
Current Deferred & Payable Income Tax Liabilities	0.00	-	0.00	0.00	0.40	0.00
Other Current Liabilities	4.74	-	0.01	0.00	0.00	0.13
Total Noncurrent Liabilities	5.34	95	38	38	39	1.77
Long-Term Debt	0.00	32	38	38	39	0.00
Capital Lease Obligations	5.34	0.01	0.54	0.00	0.00	1.77
Total Equity & Noncontrolling Interests	33	203	25	0.16	-29	13
Total Preferred & Common Equity	33	203	25	0.16	-29	13
Total Common Equity	31	203	25	0.16	-29	13
Common Stock	0.41	198	203	210	233	302
Retained Earnings	30	-	-157	-192	-247	-275
Other Equity Adjustments	0.71	-3.76	-21	-18	-16	-14

No quarterly balance sheets for Argo Blockchain are available.

This table displays calculated financial ratios and metrics derived from Argo Blockchain's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	468,082,335.00	955,650,332.00	1,073,926,942.00	637,975,353.00	28,857,673,160.00
DEI Adjusted Shares Outstanding	0.00	2,167,048.00	4,424,307.00	4,971,884.00	2,953,590.00	28,857,673,160.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	8.45	-58.52	-6.97	-18.66	0.00
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	-100.00%	0.00%	-22.90%	9.19%	-72.75%
EBITDA Growth	0.00%	340.68%	-637.51%	93.98%	-175.67%	63.60%
EBIT Growth	0.00%	1,404.76%	-1,013.23%	87.19%	-58.63%	67.74%
NOPAT Growth	0.00%	830.00%	-536.40%	68.31%	-19.62%	35.37%
Net Income Growth	0.00%	830.00%	-1,350.13%	84.87%	-59.08%	109.23%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	1,509.16%	-29.87%	210.32%	68.67%	-117.57%
Free Cash Flow Firm Growth	0.00%	0.00%	129.07%	-114.48%	468.95%	-211.88%
Invested Capital Growth	0.00%	622.87%	-62.54%	-25.34%	-97.18%	447.77%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	7.74%	0.00%	19.70%	6.98%	3.00%	2.17%
EBITDA Margin	40.10%	0.00%	-419.30%	-32.73%	-82.64%	-110.42%
Operating Margin	7.74%	0.00%	-198.14%	-81.44%	-89.22%	-136.14%
EBIT Margin	7.74%	0.00%	-469.62%	-78.04%	-113.37%	-134.22%
Profit (Net Income) Margin	7.74%	0.00%	-397.32%	-77.96%	-113.58%	38.46%
Tax Burden Percent	100.00%	61.80%	84.60%	100.00%	100.62%	108.82%
Interest Burden Percent	100.00%	100.00%	100.00%	99.90%	99.56%	-26.33%
Effective Tax Rate	0.00%	38.20%	0.00%	0.00%	0.00%	-8.82%
Return on Invested Capital (ROIC)	7.15%	0.00%	-58.44%	-38.91%	-105.91%	-385.63%
ROIC Less NNEP Spread (ROIC-NNEP)	7.15%	0.00%	-700.63%	-56.57%	-163.23%	-201.14%
Return on Net Nonoperating Assets (RNNOA)	-1.23%	0.00%	-143.20%	-241.14%	481.69%	324.32%
Return on Equity (ROE)	5.93%	15.54%	-201.64%	-280.05%	375.78%	-61.31%
Cash Return on Invested Capital (CROIC)	0.00%	-135.22%	32.55%	-9.90%	83.12%	-523.88%
Operating Return on Assets (OROA)	4.42%	0.00%	-108.60%	-37.25%	-115.55%	-84.51%
Return on Assets (ROA)	4.42%	0.00%	-91.88%	-37.21%	-115.76%	24.22%
Return on Common Equity (ROCE)	5.55%	15.40%	-201.64%	-280.05%	375.78%	-61.31%
Return on Equity Simple (ROE_SIMPLE)	5.93%	9.04%	-931.57%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	1.97	18	-80	-25	-30	-20
NOPAT Margin	7.74%	0.00%	-138.70%	-57.01%	-62.46%	-148.15%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	642.18%	17.65%	57.32%	-184.49%
Return On Investment Capital (ROIC_SIMPLE)	-	7.82%	-107.24%	-48.11%	-283.82%	-120.35%
Cost of Revenue to Revenue	92.26%	0.00%	81.96%	175.47%	97.00%	230.62%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	0.00%	216.18%	5.97%	92.23%	5.52%
Earnings before Interest and Taxes (EBIT)	1.97	30	-271	-35	-55	-18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	10	45	-242	-15	-40	-15
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	3.62	0.45	20.57	11,310.55	0.00	0.78
Price to Tangible Book Value (P/TBV)	3.67	1.06	20.57	11,310.55	0.00	0.78
Price to Revenue (P/Rev)	4.42	0.00	8.77	40.22	6.25	0.76
Price to Earnings (P/E)	57.13	4.98	0.00	0.00	0.00	1.98
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.75%	20.08%	0.00%	0.00%	0.00%	50.48%
Enterprise Value to Invested Capital (EV/IC)	4.19	0.44	7.14	32.92	213.60	1.31
Enterprise Value to Revenue (EV/Rev)	4.53	0.00	9.24	41.24	6.90	0.85
Enterprise Value to EBITDA (EV/EBITDA)	11.30	1.95	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	58.52	2.96	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	58.52	4.79	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	104.56	4.94	42.81	47.47	5.14	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	11.96	0.00	14.08	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.16	0.16	2.03	332.22	-1.36	0.26
Long-Term Debt to Equity	0.16	0.16	1.56	241.58	-1.33	0.14
Financial Leverage	-0.17	-0.04	0.20	4.26	-2.95	-1.61
Leverage Ratio	1.34	1.84	2.19	7.53	-3.25	-2.53
Compound Leverage Factor	1.34	1.84	2.19	7.52	-3.23	0.67
Debt to Total Capital	13.85%	13.49%	67.02%	99.70%	376.18%	20.72%
Short-Term Debt to Total Capital	0.00%	0.00%	15.57%	27.20%	8.03%	9.82%
Long-Term Debt to Total Capital	13.85%	13.49%	51.45%	72.50%	368.15%	10.90%
Preferred Equity to Total Capital	5.46%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	80.70%	86.51%	32.98%	0.30%	-276.18%	79.28%
Debt to EBITDA	0.52	0.70	-0.21	-3.61	-1.00	-0.23
Net Debt to EBITDA	0.06	-0.08	-0.11	-3.10	-0.79	-0.08
Long-Term Debt to EBITDA	0.52	0.70	-0.16	-2.62	-0.98	-0.12
Debt to NOPAT	2.71	1.72	-0.63	-2.07	-1.33	-0.17
Net Debt to NOPAT	0.32	-0.19	-0.34	-1.78	-1.04	-0.06
Long-Term Debt to NOPAT	2.71	1.72	-0.48	-1.51	-1.30	-0.09
Altman Z-Score	7.77	0.74	-5.97	9.48	-20.99	-18.53
Noncontrolling Interest Sharing Ratio	6.33%	0.89%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	2.01	1.29	1.28	0.53	1.24	0.50
Quick Ratio	0.96	1.29	0.98	0.36	1.17	0.35
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-153	45	-6.45	24	-27
Operating Cash Flow to CapEx	0.00%	88.79%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.57	0.00	0.23	0.48	1.02	0.63
Accounts Receivable Turnover	8.56	0.00	10.58	26.90	19.68	8.54
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.77	0.00	0.49	0.65	1.45	1.44
Accounts Payable Turnover	18.36	0.00	3.11	7.44	4.86	4.20
Days Sales Outstanding (DSO)	42.62	0.00	34.50	13.57	18.55	42.74
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	19.88	0.00	117.26	49.05	75.08	86.86
Cash Conversion Cycle (CCC)	22.74	0.00	-82.76	-35.49	-56.53	-44.11
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	28	199	75	56	1.57	8.59
Invested Capital Turnover	0.92	0.00	0.42	0.68	1.70	2.60
Increase / (Decrease) in Invested Capital	0.00	171	-124	-19	-54	7.02
Enterprise Value (EV)	115	88	533	1,832	335	11
Market Capitalization	113	91	506	1,787	303	10
Book Value per Share	$4.15	$0.43	$0.05	$0.00	($0.05)	$0.02
Tangible Book Value per Share	$4.08	$0.18	$0.05	$0.00	($0.05)	$0.02
Total Capital	39	234	75	53	11	16
Total Debt	5.34	32	50	52	40	3.37
Total Long-Term Debt	5.34	32	38	38	39	1.77
Net Debt	0.64	-3.54	27	45	32	1.17
Capital Expenditures (CapEx)	-0.96	20	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3.29	-10	-2.54	-6.17	-5.50	-4.63
Debt-free Net Working Capital (DFNWC)	6.09	5.97	18	1.27	3.12	-2.42
Net Working Capital (NWC)	6.09	5.97	5.95	-13	2.27	-4.02
Net Nonoperating Expense (NNE)	-0.00	0.00	149	9.31	25	-25
Net Nonoperating Obligations (NNO)	-5.70	-3.54	50	55	31	-4.31
Total Depreciation and Amortization (D&A)	8.23	15	29	20	15	3.15
Debt-free, Cash-free Net Working Capital to Revenue	12.92%	0.00%	-4.41%	-13.88%	-11.34%	-35.00%
Debt-free Net Working Capital to Revenue	23.93%	0.00%	30.46%	2.87%	6.44%	-18.32%
Net Working Capital to Revenue	23.93%	0.00%	10.32%	-29.36%	4.67%	-30.41%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	468.08M	0.00	0.00	2.95M	28.86B
Adjusted Diluted Earnings per Share	$0.00	$7.40	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	468.08M	0.00	0.00	2.95M	28.86B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	468.08M	0.00	0.00	2.95M	28.86B
Normalized Net Operating Profit after Tax (NOPAT)	1.38	18	-37	-24	-7.92	-12
Normalized NOPAT Margin	5.42%	0.00%	-64.43%	-53.96%	-16.33%	-91.44%
Pre Tax Income Margin	7.74%	0.00%	-469.62%	-77.96%	-112.88%	35.34%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for Argo Blockchain are available.

Financials Breakdown Chart

Argo Blockchain Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Argo Blockchain's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Over the last 5 years, Argo Blockchain's net income changed from $1.97 million in 2020 to $5.08 million in 2025, a change of 158.2%. See where experts think Argo Blockchain is headed by visiting Argo Blockchain's forecast page.

Argo Blockchain's total operating income in 2025 was -$18.00 million, based on the following breakdown:

Total Gross Profit: $287 thousand
Total Operating Expenses: $730 thousand

Over the last 5 years, Argo Blockchain's total revenue changed from $25.44 million in 2020 to $13.22 million in 2025, a change of -48.0%.

Argo Blockchain's total liabilities were at $9.83 million at the end of 2025, a 79.8% decrease from 2024, and a 13.4% decrease since 2020.

In the past 5 years, Argo Blockchain's cash and equivalents has ranged from $2.20 million in 2025 to $20.09 million in 2022, and is currently $2.20 million as of their latest financial filing in 2025.

Over the last 5 years, Argo Blockchain's book value per share changed from 4.15 in 2020 to 0.02 in 2025, a change of -99.5%.

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Financial statements for NASDAQ:ARBK last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Argo Blockchain (ARBK) Financials

Financials Breakdown Chart

Argo Blockchain Financials - Frequently Asked Questions

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Argo Blockchain (ARBK) Financials

Annual Income Statements for Argo Blockchain

Quarterly Income Statements for Argo Blockchain

Annual Cash Flow Statements for Argo Blockchain

Quarterly Cash Flow Statements for Argo Blockchain

Annual Balance Sheets for Argo Blockchain

Quarterly Balance Sheets for Argo Blockchain

Annual Metrics And Ratios for Argo Blockchain

Quarterly Metrics And Ratios for Argo Blockchain

Financials Breakdown Chart

Argo Blockchain Financials - Frequently Asked Questions

When does Argo Blockchain's financial year end?

How has Argo Blockchain's net income changed over the last 5 years?

What is Argo Blockchain's operating income?

How has Argo Blockchain's revenue changed over the last 5 years?

How much debt does Argo Blockchain have?

How much cash does Argo Blockchain have?

How has Argo Blockchain's book value per share changed over the last 5 years?

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Advanced Stock Screeners and Research Tools