ARQQ
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Earnings documents stored for ARQQ.
Investor releaseQuarter not tagged2026-06-09Arqit Quantum Inc. (ARQQ) Reports Q1 Fiscal 2026 Results
Insider Monkey
Arqit Quantum Inc. (ARQQ) Reports Q1 Fiscal 2026 Results
Arqit Quantum Inc. (NASDAQ:ARQQ) is one of the Best Quantum Computing Stocks. On May 21, 2026, Arqit Quantum Inc. (NASDAQ:ARQQ) reported Q1 fiscal 2026 revenue of $623,000, up sharply from $67,000 a year earlier and $463,000 in the prior half. It also reported eleven contracts as compared to seven in the entire year of 2025. The firm said operating costs averaged $2.6 million per month, while cash and equivalents reached $28.9 million at period end and $35.9 million by May 20, 2026. The corporation had revenue across telecom, government, defense, and enterprise clients. The firm also launched Encryption Intelligence in January, announcing its first related contract on May 18, alongside new partnerships with Intel, 6WIND, and RAD. Photo by Jefferson Santos on Unsplash CEO Andy Leaver said the “threat to cybersecurity is real.” He also noted that rising demand and contract activity show urgency around post-quantum migration. He pointed to renewed and new contracts, as well as growing partner-led sales, positioning Arqit Quantum Inc. (NASDAQ:ARQQ) to capture opportunities across key markets. Arqit Quantum Inc. (NASDAQ:ARQQ) provides cybersecurity services through satellite and terrestrial forms. Its product is QuantumCloud, which secures devices with cloud-based quantum encryption. While we acknowledge the potential of ARQQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
Investor releaseQuarter not tagged2026-05-21Arqit (ARQQ) Q2 2026 Earnings Transcript
Motley Fool
Arqit (ARQQ) Q2 2026 Earnings Transcript
Image source: The Motley Fool. Thursday, May 21, 2026 at 11 a.m. ET Chief Executive Officer — Andrew J. Leaver Chief Financial Officer — Nicholas Pointon Chief Financial Officer — Rob Russell Andrew J. Leaver: Thank you, and thank you for joining our first half of year 2026 earnings call. When we spoke in December, reflecting on fiscal year 25, I said that 2025 had been a year of momentum in the realization of the need for enhanced cybersecurity to address the coming threat to data security posed by quantum computers at scale. Governments were taking their concerns public, some mandating road maps to enhance cryptographic postures, for governmental agencies, and encouraging enterprises to take action as well. I noted that from Arqitde's conversations with governments and enterprises, it was no longer a question of if organizations need to upgrade their cryptographic security posture, but when they will upgrade their posture. What has become clear in the first half of our current fiscal year is that when is becoming now. While that, in my view, while that is my view based on our deep understanding of the threat, let me cite the view of some leading players in the quantum and security space. Google has been aligned with the US National Institute for Standards and Technology, or NIST, timeline for migration to post quantum cryptography which calls for the deprecation, meaning the market of removal, of unsafe cryptography by 2030 and complete disallowance by 2035. On March 25, Google advised that cryptographic systems migrate by 2029. Google's accelerated timeline was the result of research which it published that demonstrated quantum computers will be able to break elliptical curve cryptography, the kind of cryptography that protects things like crypto wallets, with 20x fewer qubits engaged than previously projected. That moves the timescale from 2035 to by 2029. That is a serious migration timeline compression. Also, Cloudflare on April 7, it pulled forward its advice to migrate by 2029 as well. Cloudflare's revision was based on Google's published research, but also research published by Oratomic on March 30. Oritomik concluded that by leveraging advances in high rate quantum error correcting codes, efficient logical instruction sets, and circuit design, Shaw's algorithm can be executed at cryptographically relevant scales with as few as 10 thousand reconfigu...
Investor releaseQuarter not tagged2026-05-21Arqit Quantum Inc. Announces Financial Results for First Half of Fiscal Year 2026
GlobeNewswire
Arqit Quantum Inc. Announces Financial Results for First Half of Fiscal Year 2026
LONDON, May 21, 2026 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ) (“Arqit” or the “Company”), a global leader in quantum-safe encryption, announces financial results for the first half of fiscal year 2026. Consistent with management’s preliminary assessment of the expected range of revenue, which was announced 10 April 2026, reported revenue for the first half of fiscal year 2026 was $623,000 as of 31 March 2026. Revenue for the period compares favourably to revenue for the comparable period in fiscal year 2025 of $67,000 and revenue for the second half of fiscal year 2025 of $463,000. Revenue was generated from eleven contracts in the first half of fiscal year 2026. For comparison, Arqit generated revenue from seven contracts in the full fiscal year 2025. 3 contracts were with telecom network operators and 8 were with government, defence and enterprise organizations, all key markets for Arqit. The Company has maintained cost discipline with operating costs averaging $2.6 million per month for the period, excluding external legal expenses primarily associated with the previously announced resolution of a shareholder lawsuit. The Company ended the period with cash and cash equivalents of approximately $28.9 million as of 31 March 2026. Cash and cash equivalents as of 20 May 2026 was $35.9 million. In January, Arqit announced the commercial launch of Encryption Intelligence, a completely automated cryptographic inventory solution, which enables continuous discovery and risk prioritisation to help governments and enterprises plan and execute migration to post-quantum cryptography (PQC). In collaboration with Intel, Arqit announced in February the availability of its encryption software pre-installed inside an Intel Trust Domain Extensions (Intel TDX) trusted execution environment (TEE) on Intel Netsec Accelerator Reference Design-based accelerator cards enabling confidential computing for telecom operators and critical national infrastructure. In February, Arqit and 6WIND announced a strategic collaboration to deliver highly scalable quantum-safe, encrypted virtual private networking (VPN) business services. 6WIND products enable telecom service providers and enterprises to build and manage efficient, scalable, secure, and sustainable networks. In March, Arqit and RAD, a global leader in networking edge solutions, announced a collaboration to deliver a...
Investor releaseQuarter not tagged2026-05-21Arqit Quantum Inc (ARQQ) Half Year 2026 Earnings Call Highlights: Revenue Surge Amidst ...
GuruFocus.com
Arqit Quantum Inc (ARQQ) Half Year 2026 Earnings Call Highlights: Revenue Surge Amidst ...
This article first appeared on GuruFocus. Release Date: May 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Arqit Quantum Inc (NASDAQ:ARQQ) reported a significant increase in revenue for the first half of fiscal year 2026, reaching $623,000 compared to $67,000 in the same period of 2025. The company has successfully executed 11 contracts in the period, up from six in the first half of fiscal year 2025, indicating growing market traction. Arqit Quantum Inc (NASDAQ:ARQQ) has formed strategic partnerships with major players like Sparkle and Colt Technology, enhancing its market presence in telecommunications and defense sectors. The company's encryption intelligence product has received favorable feedback and is actively being marketed to approximately 450 organizations, with strong engagement reported. Arqit Quantum Inc (NASDAQ:ARQQ) has a solid cash position with $35.9 million as of May 20, 2026, and expects additional liquidity from in-the-money warrants, providing financial stability for future growth. Despite revenue growth, Arqit Quantum Inc (NASDAQ:ARQQ) reported an operating loss of $33.7 million for the first half of fiscal year 2026, up from a loss of $20 million in the same period of 2025. Administrative expenses increased significantly to $33.9 million, driven by higher employee-related costs and share-based compensation. The urgency for migration to post-quantum cryptography is high, but the adoption rate appears slow, posing a challenge for the company's growth trajectory. The company faces competition from major industry players like Google and Cloudflare, which are also advancing in the quantum security space. Arqit Quantum Inc (NASDAQ:ARQQ) is experiencing a transition in its financial leadership, with the CFO stepping down, which may impact financial strategy and execution in the short term. Warning! GuruFocus has detected 4 Warning Signs with ARQQ. Is ARQQ fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the urgency around "Q day" and the current slow adoption of quantum security measures? A: Andy Lever, CEO: The urgency is underscored by major players like Google and Cloudflare revising their timelines for quantum computing capabilities. The U.S. government's significant investment in quantum companies highlights its strategic importance. Our e...
Investor releaseQuarter not tagged2026-05-21Arqit Quantum H1 Earnings Call Highlights
MarketBeat
Arqit Quantum H1 Earnings Call Highlights
Interested in Arqit Quantum Inc.? Here are five stocks we like better. Arqit Quantum reported higher first-half fiscal 2026 revenue of $623,000 versus $67,000 a year earlier, with management saying revenue has now grown for two straight reporting periods. The company also saw more activity across 11 contracts, up from six in the prior-year period. Management says urgency around post-quantum cybersecurity is accelerating, citing Google, Cloudflare and IonQ as evidence that organizations are moving faster toward crypto migration. CEO Andy Leaver said the focus has shifted from whether to upgrade to how quickly it can be done. Arqit’s new products and partnerships are gaining traction, including the Encryption Intelligence risk tool, which landed its first contract and a first European partnership, and NetworkSecure, which is being used by Sparkle for quantum-secure networking. The company also highlighted ongoing opportunities in telecom, government and defense, including an imminent U.S. defense contract renewal discussion. Big Gains Alert: These 3 Tech Stocks Are Surging This Month Arqit Quantum (NASDAQ:ARQQ) reported higher first-half fiscal 2026 revenue and said it is seeing increased commercial activity as governments, telecom operators and defense-related customers evaluate post-quantum cybersecurity needs. Chief Executive Officer Andy Leaver told investors that the market has shifted from debating whether organizations need to upgrade cryptographic security to determining how quickly they can do so. He pointed to public comments and research from Google, Cloudflare and IonQ that, in his view, have accelerated the urgency around migration to post-quantum cryptography. → CAVA Group’s Stock Looks Delicious After Strong Earnings 3 Quantum Computing ETFs to Know—And Why 2 Don't Hold D-Wave “What has become clear in the first half of our current fiscal year is that when is becoming now,” Leaver said, referring to the timing of post-quantum security upgrades. Chief Financial Officer Nick Pointon said Arqit generated $623,000 in revenue for the first half of fiscal 2026, compared with $67,000 in the same period of fiscal 2025. He said the increase reflected revenue from a Middle East customer contract that began late in the first half of fiscal 2025, as well as activity under 11 contracts during the latest period, compared with six in the prior-year first half....
TranscriptFY2026 Q22026-05-21FY2026 Q2 earnings call transcript
Earnings source - 47 paragraphs
FY2026 Q2 earnings call transcript
Now I'd like to turn the call over to Andy Leaver, the company's Chief Executive Officer. Andy?
Thank you, and thank you for joining our first half of fiscal year 2026 earnings call. When we spoke in December, reflecting on fiscal year 2025, I said that 2025 had been a year of momentum in the realization of the need for enhanced cybersecurity to address the coming threat to data security posed by quantum computers at scale. Governments were taking their concerns public, some mandating roadmaps to enhance cryptographic postures for governmental agencies and encouraging enterprises to take action as well. I noted that from Arqit's conversations with governments and enterprises, it was no longer a question of if organizations need to upgrade their cryptographic security posture, but when they will upgrade their posture. What has become clear in the first half of our current fiscal year is that when is becoming now.
While that is my view based on our deep understanding of the threat, let me cite the view of some leading players in the quantum and security space. Google has been aligned with the U.S. National Institute for Standards and Technology, or NIST, timeline for migration to post-quantum cryptography, which calls for the deprecation, meaning the marking of removal, of unsafe cryptography by 2030 and complete disallowance by 2035. On March 23rd, Google advised that cryptographic systems migrate by 2029. Google's accelerated timeline was the result of research which it published that demonstrated quantum computers will be able to break elliptic curve cryptography, the kind of cryptography that protects things like crypto wallets, with 20x fewer qubits and gates than previously projected. That moves the timescale from 2035 to by 2029. That is a serious migration timeline compression.
Cloudflare, on April 7th, it pulled forward its advice to migrate by 2029 as well. Cloudflare's revision was based on Google's published research, but also research published by Oratomic on March 30th. Oratomic concluded that by leveraging advances in high rate quantum error correcting codes, efficient logical instruction sets, and circuit design, Shor's algorithm can be executed at cryptographically relevant scales with as few as 10,000 reconfigurable atomic qubits. That is a shockingly low estimate of the computational resources needed to crack RSA. Finally, IonQ, on its May the 6th earnings call, CEO Niccolo de Masi stated, "Based on our public roadmap, we expect to achieve the logical qubit count required to challenge RSA 2048 encryption in the 2028 to 2029 window." If IonQ is correct, migration to a post-quantum security posture by 2029 may be too late.
The urgency to migrate to post-quantum cryptography is heightened by two factors. Firstly, protecting your existing data against Harvest Now, Decrypt Later attacks. Any data that is stolen today, even if protected with current encryption technology, is vulnerable to exposure when a quantum computer sets to work on it at a later date. Any data that is sensitive or has a shelf life should be secured with post-quantum encryption now. Secondly, migrating to post-quantum cryptography involves analysis, planning, and execution across the entire data and communication architecture of an organization, which requires time. If Google, Cloudflare, and IonQ are correct, and we think they are, then time is of the essence.
Arqit's product set is well-positioned to enable an end-to-end migration to a post-quantum cryptographic security posture, from assessing the current risk inherent in an organization's network architecture to implementing software-based post-quantum cryptographic solutions, which are compliant with NIST and NSA standards. Our Encryption Intelligence risk analysis tool gives organizations complete visibility into all encryption technologies in use across a network, automatically identifying weak points and vulnerabilities, including those susceptible to quantum attacks. This is a critical step in developing a migration strategy. Understanding what encryption is in use, where and what it is protecting, allows CISOs and CTOs to scope their risk and develop a game plan to upgrade to post-quantum cryptography. Our software-based post-quantum encryption solutions allow organizations to upgrade now, protecting against Harvest Now, Decrypt Later attacks, and when quantum computers arrive at scale.
Our solutions are cryptographically agile, which gives CISOs and CTOs flexibility to mix and match PQAs, that's post-quantum algorithms, and symmetric key cryptography. Being software-based and lightweight, our encryption solutions can be flexibly deployed at any level of a network architecture, from servers down to small edge devices. No new hardware devices are required, and it can be implemented quickly. We've completed deployments in as few as a couple of days. Leading industry players are now saying the time for post-quantum cryptography is here. Arqit is saying we have the products to meet that need. Where do we stand in capturing growing market demand for post-quantum migration? We acquired our Encryption Intelligence product in 2025 and announced commercial rollouts in January of this year. We are actively directly marketing the solution to end customers.
A marketing campaign targeting approximately 450 organizations is in process, and engagement to date has been strong. On May 18th, Arqit executed its first Encryption Intelligence contract supporting PQC migration planning. On May 19th, Arqit signed its first partnership agreement with a European specialist cybersecurity provider for Arqit's Encryption Intelligence solution. Feedback about our Encryption Intelligence product has been favorable, and the breadth of prospective customer engagement has been highly encouraging. The product delivers high utility for organizations, giving deep network encryption visibility and risk assessment, a critical first step for CISOs and CTOs on their PQC migration journey. Based on the pipeline of sales opportunities, we expect additional contract wins during the balance of the fiscal year. Our software-based encryption solutions, led by our NetworkSecure product, is gaining traction. Sparkle, a Tier 1 Italian network operator, licensed our product to create a quantum secure network as a service.
It has seen take-up of its offering, most notably with a financial institution. This is important for several reasons. One, it demonstrates the efficacy of our encryption in a real-world use case, securing critical data and communication in transit. Two, it demonstrates the applicability of our cryptographic solutions for the financial service industry, which we believe is a significant market opportunity. Three, and finally, take-up of Sparkle's network-as-a-service offering means consumption of its volume-defined license with Arqit. We wish Sparkle much success and would welcome Sparkle's need to upsize its license. We expect that to be the case, as Sparkle just yesterday announced the commercial availability of its Quantum Safe Interconnect, which is secured by Arqit across 20 Equinix International Business Exchange data centers in Europe, the Americas, and Asia, where Equinix Managed Solutions are offered.
Sparkle's Quantum Safe Interconnect is now available to enterprises, carriers, and hyperscalers seeking quantum-safe protection for their cross-site VPNs, hybrid infrastructures, and distributed multi-cloud environments. Sparkle indicated that it expects to expand the offering across the broader Equinix ecosystem. To paraphrase Joe Crawford, Vice President of Equinix Managed Service, it is innovative, quote, "Integration of next-generation security directly into the environment where dense ecosystem of customers build and scale their digital infrastructure." This is an exciting development for Sparkle and Arqit. In regards to other telecom network operators, recently Arqit teamed with Colt Technology Services to deliver a quantum-secure wide-area network to help protect A&K Travel Group from the future risk presented by quantum computers, including the threat presented by Harvest Now, Decrypt Later. A&K owns a portfolio of premier travel brands, including Abercrombie & Kent, Crystal, and Cox & Kings.
A&K's brands provide travel adventures in more than 100 countries across the world and rely on a secure global network's key customers, employees, and travel partners connected. Colt and Arqit will now keep A&K Travel Group customers and the customer's data and communications protected from the quantum threat. Large telecommunications networks are a significant opportunity for our encryption solutions. We're engaged in late-stage dialogue and demonstrations with several, including one in the U.S. However, our encryption solutions are broadly applicable beyond Tier 1 telecommunications networks. The lightweight software nature of our product allows deployment at all layers of a network and almost any device, regardless of size or power. Our solution is also crypto-agile in that it can be mixed and matched with other cryptographic modalities, including post-quantum algorithms. The flexibility of our software encryption solutions has been manifest in our activities with defense organizations.
Implementations range from a defense contractor securing communications of a government defense research network to a defense contractor securing tactical control of drone platforms for a European Ministry of Defense, from large networks to small devices. It takes time to win contracts in the government and defense space. That said, we are making tangible progress. We believe a renewal and upsizing of our largest U.S. defense-related contract is imminent, further establishing a track record which we can build upon. Also, on May 1st, a partner, which is the leading technology and innovation solution provider to the aerospace and defense industry, renewed and upsized its contract with Arqit by almost 90%. Together, we bid into contract opportunities to military organizations with a heavy emphasis on Europe. Our opportunity set in the government and defense markets is the strongest it has ever been. The breadth of demonstration and bid activity is significant.
We expect further progress in this key target market and expect to see further results in the second half of the fiscal year. We continue to grow our go-to-market partnerships. During the first half of the fiscal year and more recently, we've added three new partnerships to grow our opportunities in the telecommunications market and just this week signed our first partnership agreement for Arqit's Encryption Intelligence solution. Specifically, we announced a strategic collaboration with 6WIND to deliver highly scalable quantum-safe encrypted virtual private network or VPN business services. 6WIND products enable telecom service providers and enterprises to build and manage efficient, scalable, secure, and sustainable networks. Secondly, a strategic collaboration with RAD to deliver a joint quantum-safe encryption solution for telcos, enabling them to offer quantum-safe business services such as site-to-site and site-to-cloud VPNs, as well as data center interconnect or DCI.
RAD is a global leader in networking edge solutions. Further, Arqit was selected to join the Tomorrow Street portfolio as a scale-up partner, a joint venture between Vodafone Group and Technoport, Luxembourg's national tech incubator. Tomorrow Street's ecosystem brings together innovative young companies and scales their technology solutions across Vodafone's global ecosystem. Arqit is the first quantum security company to join the portfolio. Finally, on May 19th, Arqit signed a partnership agreement with the European specialist cybersecurity provider for Arqit's Encryption Intelligence product. Our product will be the cornerstone of strategic PQC migration activities within financial services. Go-to-market partnerships drive product awareness and are an important source for lead and bid generation. They are a force multiplier for Arqit. We expect to see revenue opportunities come through these partnerships. From my vantage point, the important vectors for success are converging. Those vectors are market need, the right products, and customer traction.
The need to migrate to a post-quantum cryptographic security posture has significantly increased with rapid advancement in quantum computing. Leading industry players are now sounding the alarm. We are no longer the modest voice raising awareness. Big industry voices are in full cry. We have the right products to enable CISOs and CTOs to understand their current cryptographic security posture and upgrade to quantum-safe encryption. We are seeing product take-up in our key markets of telecommunications and government and defense. Circling back to my remarks from our fiscal year 2025 earnings call, the key message was that the momentum was building in the market and for the company in 2025. The first half of fiscal year 2026 has seen a continuation and amplification of momentum. We're excited about the building demand for post-quantum cryptography, and we believe in the products and solutions which we offer.
With continued focus on hard work, I expect our up and to the right momentum to continue. With that, let me turn the call over to Nick Pointon. Thank you. Nick?
Thank you, Andy. For the first half of fiscal year 2026, Arqit generated $623,000 in revenue as compared to $67,000 in revenue for the similar period in fiscal year 2025. The variance between periods resulted from revenue under a contract with a customer in the Middle East that commenced late in the first half of fiscal year 2025, and revenue under 11 contracts in the period versus six in the first half of fiscal year 2025. Revenue for the period represents the second consecutive reporting period of growth. With a small data set, it gives credence to Andy's comments when we reported in fiscal year 2025 results that our revenue had troughed as of March 2025, and our expectation is for growth going forward. As I noted, we executed under 11 contracts in the period. For comparison, we executed under seven for fiscal year 2025.
Two of the 11 contracts have or are expected to imminently renew and be upsized. Three of our 11 contracts were in the telecom sector and eight for government, defense, and enterprise organizations. Our administrative expenses equate to operating costs for those more familiar with US GAAP. Administrative expenses for the first half of fiscal year 2026 rose from GBP 20.2 million for the 6 months ended 31st March 2025 to GBP 33.9 million for the 6 months ended 31st March 2026. The variance between periods resulted from an increase in employee-related costs and share-based compensation stemming from a higher headcount during the period, partially offset by decrease in property costs as a result of the termination of Arqit's previous office lease arrangements and a decrease in foreign exchange expenses.
Administrative expenses for the period includes a GBP 12.7 million non-cash charge associated with share-based compensation versus a GBP 872,000 charge for the comparable period in 2025. Operating loss for the period was GBP 33.7 million versus a loss of GBP 20 million for the first half of fiscal year 2025. The variance in operating loss between periods primarily reflects high revenue more than offset by an increase in administrative expenses for the period. For the period, loss before tax from continuing operations was GBP 33.1 million. For the first half of fiscal year 2025, loss before tax from continuing operations was GBP 19.5 million. The variance between periods is primarily due to increased administrative expenses and a lower finance income. As of 31 March, the company had cash and cash equivalents of GBP 28.9 million. However, our cash balance as of 20th of May was GBP 35.9 million.
In addition, there are in-the-money warrants outstanding with an exercise expiration of September 2026, which we expect will exercise and provide approximately GBP 13.5 million of additional liquidity to the company. On a personal note, this is my last earnings call with Arqit, as I will be stepping down as CFO at the end of the month. It has been my pleasure working with the Arqit team for the past five years and building the business, which I believe has a bright future. Rob Russell will be stepping into the CFO role. Rob is a seasoned finance executive with deep expertise spanning investment banking, private equity, and SaaS scale-ups, and more recently served as Chief Financial and Operating Officer at Virtualstock, where he played a central role in the company's successful exit in 2025.
Rob began full-time as CFO on May 1st, following two months working part-time to ensure continuity ahead of assuming the CFO role. I'm confident that this measured transition leaves the company's financial stewardship in excellent hands. With that, I will hand the call back to Andy.
Thank you, Nick. On behalf of the company and board, I would like to thank you for your service. You've been instrumental in building the infrastructure which every company needs to operate and succeed. It's largely the behind-the-scenes work, which is critical and efficient to creating a successful organization. We wish you well in your future endeavors. Thank you again. Now I'll hand the call back to the operator for Q&A.
Certainly. Ladies and gentlemen, if you do have a question at this time, please press star one one on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star one one again. Our first question comes from the line of Troy Jensen from Cantor Fitzgerald. Your question, please.
Hey, gentlemen. Congrats on all the momentum. Maybe start off here with one for Andy. I'd just be curious, your thoughts on the sense of urgency around Q-Day and just relating that to the slowness that it seems that we've seen on the adoption currently. Any thoughts would be helpful.
Yeah. Hey, thanks, Troy. Thanks for joining the call. Appreciate the question. I think as I mentioned in my opening comments, we are seeing, obviously, some of the very big players in the market, notably Google, Cloudflare, are all pulling forward their predictions of cryptographically relevant quantum computers becoming available. Likewise, at the same time, we're seeing the estimate of the number of qubits required to break Shor's algorithm is coming down also at the same time, hence the revision of those timelines coming forward. I think what's really interesting is today, which literally has happened just before our earnings call is, we've seen people like The Wall Street Journal and others reporting that the U.S. government has taken an active interest in investment into quantum companies. If rumors are believed, it's in the region of $2 billion.
To me, I see that as, are we now looking at quantum computing being almost like national infrastructure and the strategic importance of that, and at the same time, aligning that with the needs for organizations, be they defense, public sector, or commercial, to actually be ready for the long-talked-about Q-Day, which looks like it's getting closer and closer. I believe now, you'll see from our Encryption Intelligence tool, we now have the ability to quantify where are your weaknesses, what are the threats, and what do you need to do urgently to really remedy some of that, but also lay out a timeline to move to a full quantum secure landscape in an organization. I think right now, I liken it a little bit to the original build-out of the internet, you're seeing a lot of the infrastructure providers.
We've just talked about people like Equinix, infrastructure provider, telcos, which are providing the cabling. The ground up security, quantum security of infrastructure is happening, and at the same time, defense, regulated industries, and also IP-rich industries are also leaning into this, thinking that they need to get going. As I said in my comments, I really feel like last year was the year of quantum. This is year of quantum security. It actually does feel like the year of quantum security.
Yeah, interesting. I'd agree with you on the sense of urgency. It just feels like we need to have an inflection in some point, right, for all these governments and telcos and corporations are going to get quantum ready. What are your thoughts on the milestones then, or the catalysts that we need to watch for investors in the near term here?
Could you just repeat the last bit? I missed the very last bit of the question.
Yeah. The milestones that we need to watch to really see when this catalyst or when this inflection is going to come in the near term. I'm assuming it's just the technical milestones that need to happen from the quantum companies, but your thoughts on the next catalyst for you guys?
Yeah, I think just to comment on the quantum availability side, I don't believe that there's going to be a day where somebody says, "Hey, we've used Shor's algorithm, we've broken existing encryption." That could be any time in the next two years, according to what Cloudflare and Google are talking about, or kind of in that timeframe. I think for us, it's this recognition, I think a lot of people thought for a while, "Hey, this is just moving to a new form of encryption, and we just move on." You think about the previous way that we're securing things with certificates. It was built for a different age. It was built for a very different level of compute power, memory, storage, et cetera. I don't think people quite understand that it's a bigger job, especially with the amount of data that's machine-generated now.
That's why we made a thing talking there about all the way from center to the edge. You think about how many edge devices there are now, which are producing masses of data. I think for us, when we use Encryption Intelligence to say, where do you start and how do you ensure that you are quantum-safe on the perimeter working into the core, and then how do you lay out a plan to make sure you can migrate the whole organization? I am not sat here now saying, "Is my local supermarket worried about being quantum-safe?" They will be eventually, but I think that urgency is definitely in, like I said, in the more defense, public sector, infrastructure providers. Those are the ones that are feeling it today and feeling the need to get on top of it.
All right. Makes sense. One other question, or it's probably a multi-point question. Just on finances here. The warrants that you just talked about, GBP 30 million you'll raise, just what's the share count that's going to come with that? Are there other warrants outstanding? Can you just talk about your cash position, and the cash burn would be awesome to hear.
Well, let me turn to Nick first to start that question, and I am sure Rob has got some thoughts on that as well.
I think I'll just hand over the cash part of that answer to Rob while we look at the warrants.
Great. Thanks, Nick, and thanks for the question, Troy. As Nick said earlier, we closed the half year with GBP 29 million of cash in the bank. Today, we have in excess of GBP 35 million. That translates to more than 14 months of runway. Add on top of that the GBP 13.5 million worth of warrants, which you've mentioned that heavily in the money, and they expire in September, so before the fiscal year end. What does all of that translate to? We feel very comfortable with our cash position. We believe it gives us more than enough cash to meet our commercial objectives, especially in a market that we believe is moving towards us for the reasons that Andy's outlined.
Very fair. All right. Well, good luck, gentlemen.
Just real quick-
I wasn't listening to the warrants bit. Yeah. Thank you.
Shall I just jump in? On the warrants that expire in September 2024, that equates to 5.4 million shares according to the table.
Okay, any other outstanding warrants?
There are other outstanding warrants. I think these are covered in the 20-F in some detail, and expire over the next two further years. The last one's expiring in September 2028.
Okay. All right. Good luck, guys.
Thanks, Troy.
Thank you. As a reminder, ladies and gentlemen, if you do have a question at this time, please press star one one on your telephone. This does conclude the question and answer session of today's program. I'd like to hand the program back to Andy Leaver for any further remarks.
Hey, thank you, Jonathan. Thank you everybody on the call for joining us today, or if you're listening on replay. We look forward to speaking with you again following the close of our 2026 fiscal year. Thank you.
Thank you, ladies and gentlemen, for your participation in today's conference. This does conclude the program. You may now disconnect. Good day.
Investor releaseQuarter not tagged2026-05-11Arqit Quantum Inc. Sets First Half 2026 Earnings Conference Call for Thursday, May 21, 2026 at 11:00 a.m. ET
GlobeNewswire
Arqit Quantum Inc. Sets First Half 2026 Earnings Conference Call for Thursday, May 21, 2026 at 11:00 a.m. ET
LONDON, May 11, 2026 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (“Arqit”), a leader in quantum safe encryption, announces it will report financial results for the six months ending March 31, 2026 on Thursday, May 21, 2026. Arqit will host a conference call at 11:00 a.m. ET / 8:00 a.m. PT on May 21, 2026 with the Company’s CEO, Andy Leaver, and CFO, Nick Pointon. A live webcast of the call will be available on the “News & Events” page of the Company’s website at ir.arqit.uk. To access the call by phone, please go to this link (registration link) and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at ir.arqit.uk. About Arqit Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) secures the world’s most critical data with quantum-safe encryption software. Simple, scalable, and compliant, its products integrate with existing infrastructure, requiring no hardware changes. Arqit provides a complete “Detect, Protect, Comply” solution for governments and enterprises that protects data, ensures compliance, and safeguards their transition to the post-quantum era. Arqit’s primary product offerings are Encryption Intelligence and NetworkSecure™. Encryption Intelligence detects cryptographic exposure, identifies vulnerabilities, and maps dependencies. NetworkSecure™ protects data in transit with provably secure post-quantum cryptography and contributes to establishment of confidential compute environments for complete data sovereignty. Arqit is an IDC Innovator for Post-Quantum Cryptography (2024) and a multi-award-winner in quantum-safe security. For more information, visit www.arqitgroup.com Media relations enquiries: Arqit: [email protected] Investor relations enquiries: Arqit: [email protected]
Investor releaseQuarter not tagged2026-04-11Arqit Quantum Inc. Announces Select Preliminary Financial Results for the First Half of Fiscal Year 2026
GlobeNewswire
Arqit Quantum Inc. Announces Select Preliminary Financial Results for the First Half of Fiscal Year 2026
LONDON, April 10, 2026 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (“Arqit”), a global leader in quantum-safe encryption, announces select preliminary financial results for the first half of fiscal year 2026. Based on preliminary unaudited results, management expects revenue for the first half period ended 31 March 2026 of approximately $620,000 to $630,000. This compares to $67,000 for the same period in fiscal year 2025 and $530,000 for the full 2025 fiscal period. Cash and cash equivalents were approximately $28.9 million as of 31 March 2026. Growth in revenue for the first half of fiscal year 2026 versus the comparable period in fiscal year 2025 resulted from but was not limited to: revenue recognition associated with delivery under contracts signed prior to the commencement of the period; and revenue recognition associated with three new contracts signed in the period Recognition of revenue under existing contracts is subject to a number of factors including, amongst others, the successful delivery of our products under the terms of those contracts, and the assumption that customers will not cancel, delay or amend the terms their contracts. The preliminary financial results discussed in this press release are based on management’s preliminary unaudited analysis of financial results for the first half of fiscal year 2026. As of the date of this press release, the Company has not completed its financial statement reporting and the Company’s independent accounting firm has not reviewed the preliminary financial data discussed in this press release. During the course of the Company’s first half closing procedures and independent accountant review process, including the finalization of its financial statements for and as of the period ended 31 March 2026, the Company may identify items that would require it to make adjustments, which may be material to the information presented above. As a result, the estimates above constitute forward-looking information and are subject to risks and uncertainties, including possible adjustments to preliminary results. Conference Call The Company expects to report its first half results in May 2026 followed by a conference call. Additional details, including the date and time of the conference call, will be provided in advance of the event. About Arqit Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) secures the wor...
Investor releaseQuarter not tagged2026-02-23Can Rigetti's Q4 Earnings Validate Its Roadmap and Commercial Push?
Zacks
Can Rigetti's Q4 Earnings Validate Its Roadmap and Commercial Push?
Rigetti Computing RGTI has announced that it will release fourth-quarter and full-year 2025 results on March 4, 2026, after market close. This is likely to be a pivotal update as investors assess whether recent commercial wins and technical milestones are beginning to translate into tangible momentum. In the third quarter, RGTI’s revenue declined 18% year over year to $1.9 million, while gross margin compressed sharply to 21% due to contract mix and pricing variability. However, management highlighted $5.7 million in Novera system purchase orders and a $5.8 million AFRL contract that began contributing to revenue in the fourth quarter. With Novera system sales recognized upon shipment and AFRL revenue flowing, the fourth-quarter earnings should show sequential improvement. Investors should watch closely for revenue acceleration, stabilization in gross margins and any indication that commercial demand for on-premises systems is expanding beyond government-driven contracts. Investors should also pay close attention to the company’s updated roadmap following its recent reset. Rigetti revised the timeline for general availability of its 108-qubit quantum computing system, Cepheus-1-108Q, now targeting availability around the end of the first quarter of 2026. Investors should also look for updates on DARPA Phase B engagement, traction from NVIDIA’s NVQLink hybrid computing ecosystem and commentary on capital allocation, especially as the company exited the third quarter with roughly $600 million in cash and no debt. With operating losses still elevated, the fourth quarter needs to demonstrate not just roadmap ambition, but measurable progress toward scalable commercial revenue. Arqit Quantum Inc. ARQQ recently strengthened its commercial traction by broadening deployments of its quantum-safe encryption solutions and expanding integrations with telecom operators and enterprise infrastructure partners. The company is scaling its NetworkSecure platform alongside complementary cryptographic management offerings designed to support organizations preparing for post-quantum security standards. Arqit has also introduced new capabilities focused on automating encryption discovery and assessing cryptographic risk exposure. With increasing adoption across telecom, government and enterprise segments, Arqit is steadily repositioning itself as a scalable cybersecurity infrastr...
Investor releaseQuarter not tagged2025-12-19Assessing Arqit Quantum (ARQQ)’s Valuation After Its 2025 Earnings Release and 2026 Revenue Guidance Update
Simply Wall St.
Assessing Arqit Quantum (ARQQ)’s Valuation After Its 2025 Earnings Release and 2026 Revenue Guidance Update
Arqit Quantum (ARQQ) just dropped its full year 2025 results alongside fresh 2026 revenue guidance, giving investors a clearer look at how this quantum cybersecurity bet is evolving financially. See our latest analysis for Arqit Quantum. The market reaction has been choppy, with a 1 day share price return of 6.54 percent after the update but a 90 day share price return of negative 42.66 percent. The 3 year total shareholder return of negative 77.21 percent shows that momentum is still rebuilding from a deep drawdown. If Arqit’s quantum security story has caught your eye, it could be worth also scanning other high growth tech and AI names using Simply Wall St’s high growth tech and AI stocks. With losses narrowing, revenue inching higher, and a lofty analyst price target still on the table, the key question now is simple: Is Arqit undervalued after its slump, or already pricing in a quantum growth rebound? Based on its latest close at 23.93 dollars, Arqit trades on a rich price to book multiple that sits well above both peers and the wider software sector. The price to book ratio compares the company’s market value to the net assets on its balance sheet. This is a common yardstick for early stage or unprofitable tech names where earnings are not yet a reliable guide. For Arqit, this lens matters because the business is still loss making, has minimal current revenue, and investors are effectively paying up today for future quantum security adoption. That premium is steep. At 13.8 times book value, Arqit is not only more expensive than the US Software industry average of 3.4 times, but it also trades above its own peer group average of 11.7 times. This suggests the market is pricing in stronger execution and growth than is currently visible in the financials. See what the numbers say about this price — find out in our valuation breakdown. Result: Price to Book of 13.8x (OVERVALUED) However, significant ongoing losses and reliance on still nascent quantum adoption mean that any execution slip or demand disappointment could quickly puncture today’s premium valuation. Find out about the key risks to this Arqit Quantum narrative. If you see the numbers differently, or would rather dig into the details yourself, you can build a custom view in just minutes: Do it your way. A great starting point for your Arqit Quantum research is our analysis highlighting 1 key rewar...
Investor releaseQuarter not tagged2025-12-16Arqit Quantum Inc (ARQQ) Full Year 2025 Earnings Call Highlights: Revenue Growth Amid Rising ...
GuruFocus.com
Arqit Quantum Inc (ARQQ) Full Year 2025 Earnings Call Highlights: Revenue Growth Amid Rising ...
This article first appeared on GuruFocus. Revenue: $530,000 for fiscal year 2025, up from $293,000 in fiscal year 2024. Second Half Revenue: $463,000, compared to $67,000 in the first half of fiscal year 2025. Contractual Revenue for FY 2026: $1.2 million in executed contracts. Arqit SKA Platform and Network Secure Revenue: $476,000 for fiscal year 2025. Professional Services and Maintenance Revenue: $54,000 for fiscal year 2025. Administrative Expenses: $34.7 million for fiscal year 2025, up from $25.4 million in fiscal year 2024. Operating Loss: $38.5 million for fiscal year 2025, compared to $26.9 million in fiscal year 2024. Loss Before Tax from Continuing Operations: $36.5 million for fiscal year 2025, compared to $37.4 million in fiscal year 2024. Cash and Cash Equivalents: $36.9 million as of September 30, 2025. Headcount: 91 employees as of September 30, 2025, up from 82 employees as of September 30, 2024. Warning! GuruFocus has detected 3 Warning Signs with ARQQ. Is ARQQ fairly valued? Test your thesis with our free DCF calculator. Release Date: December 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Arqit Quantum Inc (NASDAQ:ARQQ) experienced significant momentum in fiscal year 2025, with increased customer engagements and revenue growth. The company broadened its product and service footprint through acquisitions and collaborations, including partnerships with Intel and Sparkle. Arqit Quantum Inc (NASDAQ:ARQQ) signed multiple contracts in the telecom and defense sectors, demonstrating the growing demand for enhanced cryptography solutions. The acquisition of encryption intelligence tools provides a comprehensive solution for organizations to detect, protect, and comply with cybersecurity requirements. The company ended fiscal year 2025 with $1.2 million in executed contracts, indicating a strong foundation for future revenue growth in fiscal year 2026. Despite revenue growth, Arqit Quantum Inc (NASDAQ:ARQQ)'s fiscal year 2025 revenue remained modest at $530,000, highlighting the need for further expansion. The company reported an operating loss of $38.5 million for fiscal year 2025, an increase from the previous year's loss of $26.9 million. Administrative expenses increased to $34.7 million in fiscal year 2025, primarily due to foreign exchange losses and increased headcount. The comp...
Investor releaseQuarter not tagged2025-12-09Arqit Quantum Inc. Announces Financial Results for Fiscal Year 2025
GlobeNewswire
Arqit Quantum Inc. Announces Financial Results for Fiscal Year 2025
LONDON, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ) (“Arqit” or the “Company”), a global leader in quantum-safe encryption, announces financial results for the fiscal year ended 30 September 2025. Consistent with management’s preliminary assessment of the expected range of revenue which was announced 9 October 2025, reported revenue for the fiscal year ended 30 September 2025 was $530,000. Revenue for the second half of the fiscal year was $463,000 as compared to $67,000 for the first half of the period. Revenue was generated from seven contracts, including two which are multi-year contracts representing annually recurring revenue. Two contracts were with telecom network operators and five were with government, defense and enterprise organizations, all key markets for Arqit. As of 30 September 2025, the Company had executed contracts expected to generate revenues of approximately $1.2 million in fiscal year 2026, providing a revenue baseline before consideration of new business opportunities and or the expansion of existing contracts. In the two months since the close of the fiscal year, Arqit has signed 12 demonstration and test licenses with prospective customers across key target markets. The pace of prospective customer activity is materially ahead of the prior fiscal year. The Company has maintained cost discipline with operating costs averaging $2.5 million per month for the fiscal year. The Company ended the fiscal year with cash and cash equivalents of approximately $36.9 million as of 30 September 2025. In May, Arqit acquired Ampliphae’s product portfolio IP and innovations team, specialising in encryption risk advisory and AI analytics. Ampliphae’s Encryption Intelligence product combined with Arqit’s quantum encryption technology delivers a comprehensive proposition to identify and mitigate cyber risk exposure from both current and future quantum threats. CEO’s statement Andy Leaver, Chief Executive Officer, noted, “Fiscal year 2025 was successful on many fronts for the Company. Our revenue performance reflected a bottoming out and return to growth driven by our focus on key market sectors, particularly telecom network operators, government and defense, and the completion of our B-2-B-2-B business model through leading technology hardware and services partners. Our recently acquired Encryption Intelligence risk-analysis too...