Argo Blockchain (ARBK) Cost of Revenue (2021 - 2025)

Argo Blockchain's (ARBK) quarterly Cost of Revenue came in at $6.6 million in Q2 2025, down 75.83% year-on-year from $27.5 million in Q2 2024, and down 3.69% quarter-over-quarter from $6.9 million in Q3 2024.

Argo Blockchain (ARBK) Cost of Revenue (2021 - 2025) Analysis & Trends

Argo Blockchain has disclosed Cost of Revenue across 5 years of filings, most recently posting $6.6 million for Q2 2025.

  • Cost of Revenue for Q2 2025 came in at $6.6 million, down 75.83% year-over-year; the trailing twelve-month figure through Jun 2025 was $51.4 million (down 10.31% YoY), and the FY2025 annual result was $15.2 million, down 66.56% from the prior year.
  • Cost of Revenue came in at $6.6 million for Q2 2025 at Argo Blockchain, down from $6.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $29.9 million in Q4 2021 to a low of -$5.2 billion in Q3 2021.
  • The 5-year median for Cost of Revenue is $9.0 million (2022), against an average of -$362.2 million.
  • Across the five-year window, Cost of Revenue surged 100.15% in 2022 and slumped 75.83% in 2025, its largest moves.
  • Argo Blockchain's Cost of Revenue stood at $29.9 million in 2021, then sank by 44.34% to $16.6 million in 2022, then plunged by 73.91% to $4.3 million in 2023, then jumped by 58.63% to $6.9 million in 2024, then slipped by 3.69% to $6.6 million in 2025.
  • The last three Cost of Revenue figures came in at $6.6 million (Q2 2025), $6.9 million (Q3 2024), and $27.5 million (Q2 2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - -
3 Goldman Sachs 333.85 Bn -603.70 Bn - -
4 Schwab Charles 160.31 Bn 115.33 Bn - -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 107.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - -
8 Tradeweb Markets 21.20 Bn 19.96 Bn - -
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 39,000.00
10 Argo Blockchain 8.01 Bn 8.01 Bn - -

Historic Data

Download Data
DateValue
Jun 30, 2025 6.64 Mn
Jun 30, 2025 6.64 Mn
Sep 30, 2024 6.89 Mn
Sep 30, 2024 6.89 Mn
Jun 30, 2024 27.46 Mn
Jun 30, 2024 27.46 Mn
Mar 31, 2024 10.44 Mn
Mar 31, 2024 10.44 Mn
Sep 30, 2023 4.34 Mn
Sep 30, 2023 4.34 Mn
Jun 30, 2023 15.09 Mn
Jun 30, 2023 15.09 Mn
Mar 31, 2023 6.06 Mn
Mar 31, 2023 6.06 Mn
Dec 31, 2022 16.65 Mn
Dec 31, 2022 16.65 Mn
Sep 30, 2022 7.85 Mn
Sep 30, 2022 7.85 Mn
Jun 30, 2022 10.20 Mn
Jun 30, 2022 10.20 Mn