Argo Blockchain (ARBK) Gross Margin (2021 - 2025)
Argo Blockchain's (ARBK) quarterly Gross Margin came in at 5.67% in Q2 2025, down 1179.0% year-over-year from 0.53% in Q2 2024, and down 22.4% quarter-over-quarter from 4.63% in Q3 2024.
Analysis
Argo Blockchain (ARBK) Gross Margin (2021 - 2025) Analysis & Trends
Argo Blockchain has disclosed Gross Margin across 5 years of filings, most recently posting 5.67% for Q2 2025.
- In Q2 2025, Gross Margin fell 1179.0% year-over-year to 5.67%; the TTM figure through Jun 2025 stood at 1.79% (up 164.0% YoY), while the FY2025 annual figure was 1.85%, down 125.0% from the prior year.
- Gross Margin came in at 5.67% for Q2 2025 at Argo Blockchain, down from 4.63% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 152.08% in Q1 2021 to a low of 128.89% in Q2 2022.
- Average Gross Margin over 5 years is 10.24%, with a median of 0.23% recorded in 2022.
- Year-over-year, Gross Margin tumbled 20925 bps in 2022 and surged 12317 bps in 2023.
- Over 5 years, Gross Margin stood at 66.9% in 2021, then slumped by 100 bps to 0.23% in 2022, then sank by 2606 bps to 6.17% in 2023, then climbed by 25 bps to 4.63% in 2024, then declined by 22 bps to 5.67% in 2025.
- Per Business Quant data, the three most recent Gross Margin figures were 5.67% in Q2 2025, 4.63% in Q3 2024, and 6.13% in Q2 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | 87.70% |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | 75.71% |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | 64.11% |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | 48.77% |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | - |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | - |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -3.73% |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | -285.09% |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | -37.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | -5.67% |
| Sep 30, 2024 | -4.63% |
| Jun 30, 2024 | 6.13% |
| Mar 31, 2024 | 11.05% |
| Sep 30, 2023 | -6.17% |
| Jun 30, 2023 | -5.71% |
| Mar 31, 2023 | -7.87% |
| Dec 31, 2022 | -0.23% |
| Sep 30, 2022 | -89.11% |
| Jun 30, 2022 | -128.89% |
| Mar 31, 2022 | 9.83% |
| Dec 31, 2021 | 66.90% |
| Sep 30, 2021 | 120.14% |
| Jun 30, 2021 | 35.74% |
| Mar 31, 2021 | 152.08% |