Argo Blockchain vs Waton Financial
Argo Blockchain is the larger business, with $15.5m of revenue in fiscal 2025 against $11.1m for Waton Financial (1.4 times as much). Waton Financial grew faster (48.8% against -67.0%). Argo Blockchain kept more of each dollar of sales as profit: a net margin of 32.8% against -136.7%. Argo Blockchain carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Argo BlockchainARBK, 2025 | Waton FinancialWTF, 2026 |
|---|---|---|
| Revenue | $15.5m | $11.1m |
| Revenue growth | -67.0% | 48.8% |
| Net income | $5.1m | −$15.2m |
| Operating margin | -86.3% | -131.1% |
| Net margin | 32.8% | -136.7% |
| Return on equity | — | -87.9% |
| Free cash flow | −$25.1m | −$7.4m |
| Cash | $2.2m | $10.4m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $0 |
| Employees | — | — |
| Market value | $1.6m | $100m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |