Argo Blockchain plc key statistics and ratios

In fiscal 2025, Argo Blockchain plc had an operating margin of -86.3% and debt equal to 0.0% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Argo Blockchain plc: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	70.1%	19.4%	6.1%	3.1%	1.8%
Operating margin	55.6%	−45.6%	−39.0%	−32.6%	−86.3%
Net margin	39.6%	−390.8%	−68.5%	−117.2%	32.8%
Free-cash-flow margin	−143.9%	−357.2%	−97.1%	—	−161.9%
Return on equity	14.4%	−154.3%	—	—	—
Return on assets	10.1%	−91.9%	−37.2%	−115.8%	24.2%
Asset turnover	0.25	0.24	0.54	0.99	0.74
Current ratio	2.85	1.28	0.54	1.24	—
Debt to equity	13.3%	153.8%	>999%	—	0.0%
Interest cover (operating income ÷ interest)	18.7x	n/m	n/m	n/m	n/m
Effective tax rate	22.5%	—	—	—	−8.8%
R&D as % of revenue	—	0.0%	—	—	—
Capital spending as % of revenue	106.4%	184.4%	2.2%	—	0.8%
Free cash flow ÷ net income	−363.7%	—	—	—	−494.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Argo Blockchain plc's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Argo Blockchain plc.