FY2025 revenue reached $530,000, up from $293,000 in FY2024 and down from $640,000 in FY2023, driven by seven new contracts, including two multi‑year recurring agreements with telecom operators and government/defense entities.
The company’s operating loss for FY2025 was $17.8 million in the first half, compared with a $24.6 million loss in FY2024, reflecting a 27% reduction in operating expenses as the business scales and focuses on high‑margin recurring revenue.
Arqit completed the acquisition of Ampliphae in May 2025, adding encryption‑risk‑analysis tools and AI analytics that broaden the company’s post‑quantum cybersecurity portfolio and position it to meet government recommendations for quantum‑resilient solutions.
Cash and cash equivalents stood at approximately $36.9 million at year‑end, giving the company a runway to fund continued investment in product development and sales expansion while it transitions to a recurring revenue model.
CEO Andy Leaver said the revenue rebound and the Ampliphae deal “strengthen our ability to deliver end‑to‑end quantum‑resilient security solutions and support the growing demand from telecom, government and defense customers.” He added that the company remains focused on cost discipline and on securing additional contracts that will drive FY2026 revenue toward $1.2 million.
Analysts noted that while the company remains unprofitable, the shift toward recurring revenue and the expanded product suite signal a strategic pivot that could improve margins over the next few years.
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