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Sep 8Sep 9Sep 10Sep 11Sep 14Sep 15Sep 16$16$18$20$22$19.52$23.21$16.15

About Arqit Quantum

Arqit Quantum (ARQQ) has a market cap of $323.66M as of September 2026 — #12 of the 13 pure-play quantum computing stocks by market value.

Arqit provides quantum-safe encryption-as-a-service via its SKA-Platform, delivering symmetric key agreements resistant to both current and future quantum computer attacks, protecting governments and enterprises.

Sector

Technology

Industry

Software - Infrastructure

Employees

87

Founded

2017

Headquarters

London, UK

Shares Outstanding

16.6M

Quantum Division

https://arqitgroup.com/products/ska-platform

Visit ↗

Quantum Technology

Cloud Access

SKA-Platform (SaaS)SKA-PI (Private Instance)

Roadmap Target

Global enterprise and telco rollout via SKA-CC for MSPs and sovereign private deployments

Arqit is a software-only company — SKA-Platform delivers quantum-safe symmetric key agreement (SKA) encryption using fully classical hardware. No quantum computing hardware. NIST ML-KEM compliant. Supports network layers 1–7 (optical, Ethernet, IPsec VPN, API). Latest product: SKA Central Controller (SKA-CC, Nov 2025) for managed service providers and telcos. 2026 integrations: 6WIND virtual router quantum-safe VPN, Intel TEE confidential computing, RAD carrier-edge platform. Fully satellite-free since Dec 2022.

⚠ manual backfill

Arqit's FY2025 20-F (Sept 2025 fiscal year end) was not XBRL-tagged by EDGAR, so revenue and net income are manually backfilled from its FY2025 results press release. Cash and operating cash flow are further updated from its 6-K for the six months ended March 31, 2026 (no 10-Q exists to bridge automatically for 20-F filers).

8mo Cash RunwayAt current burn rate, cash reserves are exhausted in ~8 months. Equity raise or debt financing likely required.
Dilution Risk26 shelf or ATM filings on record (S-3/424B/SUPPL). These filings can provide a channel for new share sales.

Cash Position & Runway

Total Cash

$28.86M

TTM Cash Burn

$42.74M

per year (TTM)

Cash Runway

8 mo

Total Debt

$0.00

Dilution Risk: With 8 months of runway, Arqit Quantum will likely need to raise additional capital through equity offerings (diluting existing shareholders) or debt financing within the next year.

Quarterly Operating Cash Flow

2023202420252026$-27M$-23M$-18M$-14M$-9M

Red bars = cash burn (negative operating CF). Green = cash-flow positive. Source: SEC EDGAR 10-Q filings.

Financial Metrics (Annual)

Total Revenue

$530.00K

Revenue Growth (YoY)

+80.9%

Gross Margins

Operating Margins

-7271.51%

Net Margins

-6668.49%

Total Debt

$0.00

P/E Ratio (TTM)

EPS (TTM)

$-10.7869

Price / Book

20.26

Earnings Per Share (TTM)

EPS (TTM)

$-10.7869

Unprofitable

P/E Ratio

Price / Book

20.26

Price-to-Book

Returns vs S&P 500

1Y

ARQQ-49.2%
S&P 500+13.9%
vs Index-63.0%

3Y

ARQQ+26.7%
S&P 500+70.3%
vs Index-43.6%

5Y

ARQQ-95.8%
S&P 500+70.8%
vs Index-166.7%

Source: price_history vs SPY · Periods where price history is unavailable are hidden

Shares Outstanding History

202020212022202320240M45M90M135M180M

Source: SEC EDGAR XBRL · 10-K and 10-Q filings · Rising trend = dilution

SPAC Warrant Overhang

Arqit Quantum went public via SPAC merger with Centricus Acquisition Corp (2021-09). SPAC warrants allow holders to buy shares at the strike price — exercising them creates new shares and dilutes existing holders.

Strike Price

$11.50

Outstanding

6.1M

via AI summary

Dilution Ceiling

$69.71M

Dilution ceiling = outstanding warrants × strike price. Outstanding count changes as warrants are exercised or expire — sourced from latest SEC 10-K/20-F.

Daily Short Volume (FINRA)

Latest Short Vol %

45.7%

2026-09-16

Short Volume

78,768

DateShort VolTotal VolShort %
2026-09-1678,768172,47945.7%
2026-09-0975,977110,09269%
2026-09-0454,05070,07177.1%
2026-09-0292,938133,89469.4%
2026-08-2845,142102,58344%
2026-08-2638,21265,60258.2%
2026-08-2190,390135,71266.6%
2026-08-1991,093149,51360.9%
2026-08-1258,492132,13144.3%
2026-08-0654,28776,02571.4%

Source: FINRA CNMS · Not the same as total short interest (outstanding positions) · Updated daily

Recent Research Papers (arXiv)

arXiv ↗

Source: arXiv.org API · Papers mentioning company name · Updated every 48 hours

StockTwits Sentiment

100%
▲ 9 Bullish▼ 0 Bearish9 scored

Source: StockTwits · last 30 messages · updated every 4h

News Mention Volume (30 days)

2026-08-262026-09-01024

Articles indexed every 4h · Sentiment scored via Loughran-McDonald financial word lists (bullish/bearish keyword frequency). Not ML-based — scores reflect word presence only and may not capture context or sarcasm.

SEC Filings & Earnings Reports

View annual, quarterly, and material-event filings on SEC EDGAR

SEC EDGAR ↗
Financial Story

No annual summaries available yet.

Summaries are generated automatically. Check back after the next scheduled update.

10-K · 10-Q · 20-F · 40-F · 6-K filings

All Filings ↗
Date FiledFormPeriod Covered
2026-09-096-K2026-09-09EDGAR ↗
2026-08-196-K2026-08-19EDGAR ↗
2026-06-176-K2026-06-17EDGAR ↗
2026-05-216-K2026-03-31EDGAR ↗
2026-05-016-K2026-05-01EDGAR ↗
2026-04-136-K2026-04-13EDGAR ↗
2026-03-046-K2026-03-04EDGAR ↗
2026-01-126-K2026-01-12EDGAR ↗
2025-12-096-K2025-12-09EDGAR ↗
2025-12-0920-F2025-09-30EDGAR ↗
2025-10-216-K2025-10-21EDGAR ↗
2025-10-096-K2025-10-09EDGAR ↗
2025-09-156-K2025-09-15EDGAR ↗
2025-09-116-K2025-09-11EDGAR ↗
2025-08-286-K2025-08-28EDGAR ↗
2025-05-226-K2025-03-31EDGAR ↗
2025-04-046-K2025-04-04EDGAR ↗
2024-12-196-K2024-12-19EDGAR ↗
2024-12-096-K2024-12-09EDGAR ↗
2024-12-0520-F2024-09-30EDGAR ↗
2024-12-056-K2024-12-05EDGAR ↗
2024-12-036-K2024-12-03EDGAR ↗
2024-10-116-K2024-10-11EDGAR ↗
2024-10-016-K2024-10-01EDGAR ↗
2024-09-276-K2024-09-27EDGAR ↗
2024-09-196-K2024-09-19EDGAR ↗
2024-08-276-K2024-08-27EDGAR ↗
2024-05-206-K2024-03-31EDGAR ↗
2024-04-156-K2024-04-15EDGAR ↗
2023-11-2120-F2023-09-30EDGAR ↗
2023-11-216-K2023-11-21EDGAR ↗
2023-10-236-K2023-10-23EDGAR ↗
2023-09-116-K2023-09-11EDGAR ↗
2023-09-076-K2023-09-07EDGAR ↗
2023-09-076-K2023-09-07EDGAR ↗
2023-08-086-K2023-08-08EDGAR ↗
2023-06-026-K2023-06-02EDGAR ↗
2023-05-176-K2023-05-17EDGAR ↗
2023-02-216-K2023-02-21EDGAR ↗
2022-12-146-K2022-12-14EDGAR ↗

Source: SEC EDGAR · Annual: 10-K / 20-F / 40-F · Quarterly: 10-Q / 6-K · AI summaries generated automatically

Market Events

Earnings releases, contracts, leadership changes, offerings

All 8-Ks ↗

No 8-K filings indexed yet.

Source: SEC EDGAR · Material events, earnings releases, contract announcements · Updated weekly

S-3 shelf registrations, 424B prospectuses, and document-verified foreign-issuer supplements represent potential dilution events. Arqit Quantum has 26 such filings on record.

All Shelf Filings ↗
2026-05-21424B3ARQIT resale shelf update: 4.72M ordinary shares & 6.27M warrants offered by selling securityholders
SecondaryWarrant RegistrationShelfSmall (<$10M)
2026-01-26424B5ARQQ launches $125M ATM offering via Cantor Fitzgerald & H.C. Wainwright at ~$24.20/share
ATMShelfLarge ($50M+)Dilutive
2025-12-09424B3ARQIT updates resale shelf for 4.72M shares & 6.27M warrants held by selling securityholders.
SecondaryShelfAmendmentWarrant Registration
2025-12-09424B3ARQQ updates resale shelf: insiders/selling shareholders may offload up to 11.5M shares + 5.44M warrant shares.
SecondaryShelfWarrant RegistrationDilutiveAmendment
2025-09-19424B3ARQQ registers 11.5M resale shares + 5.44M warrant shares; no direct proceeds to company from share sales.
SecondaryWarrant RegistrationShelfDilutiveSmall (<$10M)
2025-09-15424B5ARQQ issues 48,561 shares to Deutsche Bank as payment for advisory services — no cash raised.
ShelfSecondarySmall (<$10M)Dilutive
2025-05-22424B3ARQIT updates resale prospectus for selling shareholders — no new capital raised by company.
SecondaryShelfAmendmentWarrant Registration
2025-01-29424B5ARQQ launches $75M ATM offering via H.C. Wainwright at market prices, shares sold at $25.52 reference price.
ATMShelfLarge ($50M+)Dilutive
2024-12-03424B3ARQQ updates resale shelf post 25-to-1 reverse split: 4.7M shares & 6.3M warrants registered for selling shareholders.
Warrant RegistrationSecondaryShelfAmendment
2024-10-01424B5ARQQ sells 5.44M shares at $2.50 — a 50% discount to market — to existing insiders in a $13.6M PIPE with warrants.
PIPEShelfMid ($10-50M)DilutiveWarrant Registration
2024-10-01424B3ARQQ cuts ATM facility to $16M with H.C. Wainwright; ~360K shares already sold post-reverse split.
ATMShelfAmendmentSmall (<$10M)Dilutive
2024-05-20424B3ARQIT updates resale shelf: 117.9M shares + 6.3M warrants registered for selling shareholders, no new capital raised.
SecondaryShelfAmendmentWarrant RegistrationDilutive
2024-04-15424B5ARQQ sells 1.24M shares at $0.725 directly to CEO/CTO-linked entity for ~$900K
PIPESmall (<$10M)ShelfDilutive
2024-04-15424B3ARQQ trims ATM shelf to $29M after selling 7.8M shares via H.C. Wainwright facility.
ATMShelfAmendmentMid ($10-50M)Dilutive
2023-09-11424B5ARQQ raises ~$15.3M net via PIPE: 20.8M shares + warrants at $0.78, 22% dilution to existing holders.
PIPEDilutiveSmall (<$10M)Warrant RegistrationShelf
2023-09-08424B3Arqit Quantum cuts ATM facility from $50M to $30M; ~7.8M shares already sold via H.C. Wainwright.
ATMAmendmentMid ($10-50M)Dilutive
2023-05-17424B3ARQQ updates resale shelf: 117.9M shares + 6.3M warrants available for selling shareholders to offload.
SecondaryShelfAmendmentWarrant RegistrationDilutive
2023-02-21424B5ARQQ raises $20M via PIPE: 10M shares + warrants at $2.00, a 36% premium to last close
PIPEMid ($10-50M)DilutiveShelfWarrant Registration
2022-12-30424B5ARQQ launches $50M ATM offering via H.C. Wainwright at ~$3.60/share market price.
ATMShelfLarge ($50M+)Dilutive
2022-11-22424B3ARQQ resale shelf: 117.9M insider shares hit market — company gets nothing, massive overhang risk
ResaleShelfWarrant RegistrationLarge ($50M+)Dilutive
2022-05-12424B3ARQIT resale shelf supplement: 117.9M shares eligible for sale by insiders; lock-ups extended to Sept 2022.
SecondaryShelfWarrant RegistrationDilutiveLarge ($50M+)
2021-12-23424B3ARQQ resale shelf: 117.9M insider shares hit the market — zero proceeds to company
SecondaryShelfMerger SharesDilutiveLarge ($50M+)
2021-10-12424B3ARQQ resale shelf registers 117.9M insider shares post-SPAC merger — company gets no proceeds.
SecondaryShelfMerger SharesDilutiveLarge ($50M+)
2021-08-30424B3ARQQ SPAC merger supplement: Heritage buys 2.2M shares to shore up $100M minimum cash condition
Merger SharesShelfWarrant RegistrationLarge ($50M+)Dilutive
2021-08-23424B3Arqit Quantum SPAC merger supplement: £4M founder loan disclosed ahead of Centricus shareholder vote
Merger SharesShelfWarrant RegistrationDilutive
2021-07-30424B3Centricus SPAC merges with Arqit Quantum (ARQQ) via $71M PIPE + trust to create public quantum cybersecurity company
Merger SharesPIPELarge ($50M+)DilutiveShelf

Source: SEC EDGAR · S-3 = shelf registration, 424B3/B5 = active offering (dilutive)

Ownership & Insiders

SC 13G/D filers · >5% ownership

All 13G/D ↗
InstitutionForm% OwnedFiled
SC 13G9.65%2024-01-26
D2BWSC 13D/A108.30%2024-12-18
SC 13G3.74%2024-10-01
SC 13G/A2.75%2024-11-14
SC 13D/A0.07%2024-02-13

Source: SEC EDGAR SC 13G/D · Updated monthly

Open-market buys and sells by directors and officers

All Form 4s ↗

90-Day Activity

8B
3S
8 buys3 saleslast 90 days
FiledInsiderTypeSharesPrice
2026-07-21Ritchie GarthDIR▲ BUY841
2026-07-21Lefebvre d'Ovidio ManfrediDIR▲ BUY673
2026-07-21Calabria CarloDIR▲ BUY757
2026-07-06Feenan Paul▼ SELL1,834$25.20
2026-07-06Feenan Paul▲ BUY965
2026-07-06Feenan Paul▲ BUY472
2026-07-06Feenan Paul▲ BUY119
2026-07-06Feenan Paul▲ BUY1,666
2026-07-02Willcocks Patrick▼ SELL4,000$29.48
2026-06-24Bers Jennifer▼ SELL8,288$21.42
2026-06-24Bers Jennifer▲ BUY15,000
2026-06-05Ritchie GarthDIR▲ BUY73,562$2.50
2026-06-05Calabria CarloDIR▲ BUY120,000$2.50
2026-05-20Pointon Nicholas▼ SELL435$15.87
2026-05-20Pointon Nicholas▲ BUY3,066$0.0025
2026-05-08Calabria CarloDIR▲ BUY1,698
2026-05-08Lefebvre d'Ovidio ManfrediDIR▲ BUY1,082
2026-05-08Lefebvre d'Ovidio ManfrediDIR▲ BUY1,509
2026-05-08Ritchie GarthDIR▲ BUY1,887
2026-04-07Leaver Andrew▼ SELL7,595$13.51
2026-04-03Leaver Andrew▲ BUY15,625
2026-04-03Willcocks Patrick▼ SELL1,790$13.32
2026-04-03Willcocks Patrick▲ BUY916
2026-04-03Willcocks Patrick▲ BUY448
2026-04-03Willcocks Patrick▲ BUY116
2026-04-03Willcocks Patrick▲ BUY2,083
2026-04-03Wilder Ben Simon▼ SELL683$13.31
2026-04-03Wilder Ben Simon▲ BUY500
2026-04-03Wilder Ben Simon▲ BUY833
2026-04-03Ritchie GarthDIR▼ SELL512$13.25

Source: SEC EDGAR Form 4 · Open-market buys and sells · Updated daily

Bull vs Bear: Analyst Opinions on Arqit Quantum (ARQQ)

Generated from live analyst targets, SEC filings and market data as of September 2026 — not investment advice.

▲ THE BULL CASE

• Revenue grew 81% year-over-year to $530.00K (latest fiscal year).

• Retail sentiment on StockTwits runs 100% bullish over the last 9 scored posts.

▼ THE BEAR CASE

• Only about 8 months of cash runway at the current burn rate — a capital raise (and dilution) is likely within the year.

• 26 at-the-market / shelf offering filings (S-3 / 424B / SUPPL) on record — an active dilution channel.

• Not yet profitable: net loss of $35.34M in the latest fiscal year.

• The stock is down 48% over the past year.

How long is Arqit Quantum's (ARQQ) cash runway?

Arqit Quantum has roughly 8 months of cash runway as of September 2026 — $28.86M in cash divided by its trailing-twelve-month operating burn.

Is ARQQ stock at risk of shareholder dilution?

Dilution risk is elevated: 26 shelf/ATM offering filings on record, only ~8 months of cash runway.

What percentage of ARQQ's trading volume is short?

45.7% of ARQQ's daily trading volume was short selling as of 2026-09-16 (FINRA daily short volume).

Compare ARQQ with other quantum computing stocks