Watch for the December 2026 full-year release for audited numbers and any guidance on the Middle East contract status. The NATO contract is a tangible catalyst; any further Middle East disruption or new contract signings will be key.
Price Chart
Executive Summary
Arqit Quantum reported preliminary FY2026 revenue of $975K-$1M (up from $530K in FY2025), but H2 revenue fell to ~$355K-$380K from $463K YoY due to a Middle East contract cessation. Cash stands at ~$51M. A post-period NATO contract win provides a catalyst, but the H2 revenue decline and reliance on preliminary, unaudited results temper the outlook.
Key Facts
- FY2026 full-year revenue expected $975K-$1,000K vs $530K in FY2025.
- H2 FY2026 revenue expected $355K-$380K vs $463K in H2 FY2025 — a decline.
- H2 revenue decline attributed to cessation of revenue recognition under a material Middle East contract due to geopolitical events.
- Cash and cash equivalents ~$51M as of 30 September 2026.
- Signed 3 new Encryption Intelligence contracts in H2; revenue recognition begins late H2 or Q1 FY2027.
- Post-period (6 Oct 2026): signed NATO contract as part of winning consortium — 1-year initial term with 2 annual renewal options.
- Results are preliminary, unaudited, and subject to material adjustments — full results expected in December 2026.
Financial Impact
Full-year revenue grew ~84-89% YoY, but H2 declined ~18-23% decline in H2. Cash position stable at ~$51M.
Risk Factors
- Preliminary results subject to material adjustment; audited statements may differ.
- Middle East contract cessation may persist or expand, further pressuring revenue.
- Revenue recognition timing on new contracts is uncertain; NATO contract is only 1-year initial term.
- Low absolute revenue base (~$1M makes percentage swings large in percentage terms.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-114690 |
| Document: tm2627283d1_6k.htm | 0001104659-26-114690 |
| Document: 0001104659-26-114690-index-headers.html | 0001104659-26-114690 |
| Document: 0001104659-26-114690-index.html | 0001104659-26-114690 |
| Document: 0001104659-26-114690.txt | 0001104659-26-114690 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 144 | $16.84 $15.31 | ▼ −9.09% | ▼ −7.93% | $17.87 (+6.12%) |
Oct 8, 2026 18d ago | 6-K | $17.23 $14.02 | ▼ −18.63% | ▼ −16.66% | $17.87 (+3.72%) |
Oct 6, 2026 20d ago | 144 | $23.43 $16.84 | ▼ −28.13% | ▼ −27.99% | $17.87 (−23.73%) |
Oct 6, 2026 20d ago | 144 | $23.43 $16.84 | ▼ −28.13% | ▼ −27.99% | $17.87 (−23.73%) |
Oct 6, 2026 20d ago | 144 | $23.43 $16.84 | ▼ −28.13% | ▼ −27.99% | $17.87 (−23.73%) |
Oct 6, 2026 20d ago | 144 | $23.43 $16.84 | ▼ −28.13% | ▼ −27.99% | $17.87 (−23.73%) |
Oct 6, 2026 20d ago | 144 | $23.43 $16.84 | ▼ −28.13% | ▼ −27.99% | $17.87 (−23.73%) |
Oct 6, 2026 20d ago | 144 | $23.43 $16.84 | ▼ −28.13% | ▼ −27.99% | $17.87 (−23.73%) |
Oct 5, 2026 21d ago | 144 | $23.68 $16.66 | ▼ −29.67% | ▼ −30.09% | $17.87 (−24.54%) |
Sep 9, 2026 6w ago | 6-K | $21.64 $18.90 | ▼ −12.68% | ▼ −12.35% | $17.87 (−17.42%) |
US Market Status
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