Argo Blockchain Past Earnings Performance
Past criteria checks 0/6
Argo Blockchain's earnings have been declining at an average annual rate of -66.3%, while the Software industry saw earnings growing at 14.9% annually. Revenues have been growing at an average rate of 31.9% per year.
Key information
-66.3%
Earnings growth rate
-62.0%
EPS growth rate
| Software Industry Growth | 17.3% |
| Revenue growth rate | 31.9% |
| Return on equity | -22,172.8% |
| Net Margin | -69.3% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Argo Blockchain mines ~8.5% lower bitcoins in September
Oct 11Argo Blockchain Continues Buildout As Bitcoin Price Tumbles Under $20K
Sep 08Argo Blockchain reports 1H results
Aug 24Argo Blockchain mines 22% higher bitcoins in July
Aug 05Argo Blockchain mines 44% higher bitcoins in June
Jul 07Argo Blockchain Expanding, But Lacks Mindshare In U.S. Market
May 09ARBKL: Argo Blockchain's 9.5% Yielding Baby Bonds Look Interesting
Feb 08Argo Blockchain: Valuation Starting To Make More Sense
Dec 22Revenue & Expenses BreakdownBeta
How Argo Blockchain makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 51 | -35 | 22 | 0 |
| 30 Sep 23 | 44 | -206 | 18 | 0 |
| 30 Jun 23 | 50 | -223 | 30 | 0 |
| 31 Mar 23 | 51 | -251 | 34 | 0 |
| 31 Dec 22 | 59 | -229 | 35 | 0 |
| 30 Sep 22 | 74 | -46 | 33 | 0 |
| 30 Jun 22 | 87 | -11 | 23 | 0 |
| 31 Mar 22 | 99 | 17 | 17 | 0 |
| 31 Dec 21 | 100 | 42 | 13 | 0 |
| 30 Sep 21 | 73 | 29 | 10 | 0 |
| 30 Jun 21 | 54 | 11 | 7 | 0 |
| 31 Mar 21 | 37 | 28 | 4 | 0 |
| 31 Dec 20 | 26 | 2 | 3 | 0 |
| 30 Sep 20 | 23 | -2 | 3 | 0 |
| 30 Jun 20 | 21 | -2 | 4 | 0 |
| 31 Mar 20 | 16 | -1 | 4 | 0 |
| 31 Dec 19 | 11 | -1 | 5 | 0 |
| 30 Jun 19 | 5 | -2 | 3 | 0 |
| 31 Mar 19 | 3 | -4 | 3 | 0 |
| 31 Dec 18 | 1 | -5 | 3 | 0 |
Quality Earnings: ARBK is currently unprofitable.
Growing Profit Margin: ARBK is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ARBK is unprofitable, and losses have increased over the past 5 years at a rate of 66.3% per year.
Accelerating Growth: Unable to compare ARBK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ARBK is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (22.8%).
Return on Equity
High ROE: ARBK has a negative Return on Equity (-22172.78%), as it is currently unprofitable.