NASDAQ : ARM
Arm Holdings plc — Financial statements
Technology · Semiconductors · United Kingdom
Last price 205.97 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 219.99B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Arm Holdings plc (ARM) reported revenue of 5.16B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 5.16B | 4.92B | 4.01B | 3.23B | 2.68B | 2.70B |
| Cost of Revenue | 127.00M | 121.00M | 121.00M | 154.00M | 106.00M | 131.00M |
| Gross Profit | 5.03B | 4.80B | 3.89B | 3.08B | 2.57B | 2.57B |
| Selling, General & Admin | 1.17B | 1.11B | 984.00M | 1.02B | 722.00M | 897.00M |
| Research & Development | 2.96B | 2.78B | 2.07B | 1.98B | 1.13B | 995.00M |
| Other Operating Expenses | 500.00K | 5.50M | 200.00K | |||
| Operating Expenses | 4.14B | 3.89B | 3.06B | 3.00B | 1.86B | 1.89B |
| Operating Income | 892.00M | 908.00M | 831.00M | 76.50M | 712.50M | 679.80M |
| Interest & Investment Income | 115.00M | 111.00M | 116.00M | 110.00M | 42.00M | 2.00M |
| Earnings From Equity Investments | 138.00M | 14.00M | -237.00M | -20.00M | -45.00M | 141.00M |
| Currency Exchange Gain (Loss) | -1.00M | -30.00M | -17.00M | |||
| Other Non Operating Income (Expenses) | 134.00M | 132.00M | 10.00M | 12.00M | 33.00M | 27.00M |
| EBT Excluding Unusual Items | 1.28B | 1.17B | 720.00M | 177.50M | 712.50M | 832.80M |
| Merger & Restructuring Charges | -14.80M | -8.00M | -1.50M | -25.80M | ||
| Asset Writedown | -21.00M | |||||
| Legal Settlements | 40.00M | -40.00M | ||||
| Other Unusual Items | -5.50M | |||||
| Pretax Income | 1.26B | 1.16B | 720.00M | 212.00M | 671.00M | 786.00M |
| Income Tax Expense | 220.00M | 253.00M | -72.00M | -94.00M | 147.00M | 110.00M |
| Earnings From Continuing Operations | 1.04B | 904.00M | 792.00M | 306.00M | 524.00M | 676.00M |
| Earnings From Discontinued Operations | -127.00M | |||||
| Net Income | 1.04B | 904.00M | 792.00M | 306.00M | 524.00M | 549.00M |
| Net Income to Common | 1.04B | 904.00M | 792.00M | 306.00M | 524.00M | 549.00M |
| Shares Outstanding (Basic) | 1.06B | 1.06B | 1.05B | 1.03B | 1.02B | 1.03B |
| Shares Outstanding (Diluted) | 1.07B | 1.07B | 1.06B | 1.04B | 1.03B | 1.03B |
| EPS (Basic) | 0.98 | 0.85 | 0.75 | 0.30 | 0.51 | 0.54 |
| EPS (Diluted) | 0.98 | 0.85 | 0.75 | 0.29 | 0.51 | 0.54 |
| Free Cash Flow | 1.51B | 979.00M | 178.00M | 998.00M | 675.00M | 424.00M |
| Free Cash Flow Per Share | 1.41 | 0.92 | 0.17 | 0.96 | 0.66 | 0.41 |
| Gross Margin | 97.54% | 97.54% | 96.98% | 95.24% | 96.04% | 95.15% |
| Operating Margin | 17.30% | 18.45% | 20.74% | 2.37% | 26.60% | 25.15% |
| Profit Margin | 20.25% | 18.37% | 19.77% | 9.46% | 19.56% | 20.31% |
| Free Cash Flow Margin | 29.21% | 19.90% | 4.44% | 30.87% | 25.20% | 15.69% |
| EBITDA | 1.06B | 1.06B | 934.20M | 164.80M | 860.00M | 830.30M |
| EBITDA Margin | 20.63% | 21.64% | 23.31% | 5.10% | 32.10% | 30.72% |
| D&A For EBITDA | 171.70M | 156.70M | 103.20M | 88.30M | 147.50M | 150.50M |
| EBIT | 892.00M | 908.00M | 831.00M | 76.50M | 712.50M | 679.80M |
| EBIT Margin | 17.30% | 18.45% | 20.74% | 2.37% | 26.60% | 25.15% |
| Effective Tax Rate | 17.41% | 21.87% | 21.91% | 13.99% | ||
| Revenue as Reported | 5.16B | 4.92B | 4.01B | 3.23B | 2.68B | 2.70B |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.06B | 2.75B | 2.08B | 1.92B | 1.55B | 1.00B |
| Short-Term Investments | 830.00M | 850.00M | 740.00M | 1.00B | 661.00M | 631.00M |
| Cash & Short-Term Investments | 3.89B | 3.60B | 2.83B | 2.92B | 2.21B | 1.64B |
| Accounts Receivable | 2.00B | 2.28B | 1.75B | 1.12B | 1.15B | 1.29B |
| Other Receivables | 223.00M | 189.00M | 149.00M | 108.00M | 12.00M | |
| Receivables | 2.22B | 2.47B | 1.90B | 1.23B | 1.17B | 1.29B |
| Prepaid Expenses | 228.00M | 169.00M | 107.00M | 49.00M | 147.00M | 167.00M |
| Other Current Assets | 10.00M | |||||
| Total Current Assets | 6.34B | 6.24B | 4.83B | 4.20B | 3.54B | 3.09B |
| Property, Plant & Equipment | 1.39B | 1.22B | 714.00M | 420.00M | 391.00M | 417.00M |
| Long-Term Investments | 606.80M | 387.00M | 565.00M | 741.00M | 723.00M | 736.00M |
| Goodwill | 1.62B | 1.62B | 1.62B | 1.62B | 1.62B | 1.64B |
| Other Intangible Assets | 217.00M | 230.00M | 151.00M | 152.00M | 138.00M | 205.00M |
| Long-Term Accounts Receivable | 366.00M | 320.00M | 346.00M | 240.00M | 116.00M | 100.00M |
| Long-Term Deferred Tax Assets | 425.00M | 375.00M | 401.00M | 282.00M | 139.00M | 135.00M |
| Other Long-Term Assets | 228.20M | 312.00M | 271.20M | 237.60M | 171.10M | 160.00M |
| Total Assets | 11.20B | 10.70B | 8.93B | 7.93B | 6.87B | 6.51B |
| Accounts Payable | 52.00M | 80.00M | 63.00M | 26.00M | 82.00M | 57.00M |
| Accrued Expenses | 723.00M | 418.00M | 439.00M | 1.05B | 756.00M | 740.00M |
| Current Portion of Leases | 62.00M | 64.00M | 40.00M | 32.00M | 28.00M | 31.00M |
| Current Income Taxes Payable | 114.00M | 106.00M | 124.00M | 147.00M | 162.00M | 129.00M |
| Current Unearned Revenue | 200.00M | 294.00M | 209.00M | 198.00M | 293.00M | 334.00M |
| Other Current Liabilities | 56.00M | 78.00M | 54.00M | 47.00M | 42.00M | 104.00M |
| Total Current Liabilities | 1.21B | 1.04B | 929.00M | 1.50B | 1.36B | 1.40B |
| Long-Term Leases | 423.00M | 427.00M | 331.00M | 194.00M | 193.00M | 230.00M |
| Long-Term Unearned Revenue | 739.00M | 752.00M | 702.00M | 717.00M | 807.00M | 792.00M |
| Long-Term Deferred Tax Liabilities | 23.00M | 39.00M | 41.00M | 135.00M | 262.00M | 279.00M |
| Other Long-Term Liabilities | 174.00M | 159.00M | 90.00M | 81.00M | 190.00M | 266.00M |
| Total Liabilities | 2.57B | 2.42B | 2.09B | 2.63B | 2.81B | 2.96B |
| Common Stock | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Additional Paid-In Capital | 3.54B | 3.47B | 2.92B | 2.17B | 1.22B | 1.21B |
| Retained Earnings | 4.72B | 4.45B | 3.54B | 2.75B | 2.46B | 1.93B |
| Comprehensive Income & Other | 373.00M | 370.00M | 372.00M | 371.00M | 376.00M | 399.00M |
| Shareholders' Equity | 8.63B | 8.29B | 6.84B | 5.29B | 4.05B | 3.55B |
| Total Liabilities & Equity | 11.20B | 10.70B | 8.93B | 7.93B | 6.87B | 6.51B |
| Total Debt | 485.00M | 491.00M | 371.00M | 226.00M | 221.00M | 261.00M |
| Net Cash (Debt) | 3.40B | 3.11B | 2.45B | 2.70B | 1.99B | 1.37B |
| Net Cash Per Share | 3.18 | 2.91 | 2.31 | 2.58 | 1.94 | 1.34 |
| Filing Date Shares Outstanding | 1.07B | 1.07B | 1.06B | 1.04B | 1.03B | 1.03B |
| Total Common Shares Outstanding | 1.07B | 1.06B | 1.06B | 1.04B | 1.03B | 1.03B |
| Working Capital | 5.13B | 5.20B | 3.90B | 2.69B | 2.17B | 1.70B |
| Book Value Per Share | 8.08 | 7.79 | 6.47 | 5.09 | 3.95 | 3.46 |
| Tangible Book Value | 6.79B | 6.43B | 5.07B | 3.52B | 2.29B | 1.71B |
| Tangible Book Value Per Share | 6.36 | 6.05 | 4.80 | 3.38 | 2.24 | 1.66 |
| Buildings | 75.00M | 75.00M | ||||
| Machinery | 977.00M | 592.00M | 431.00M | 421.00M | 372.00M | |
| Construction In Progress | 129.00M | 41.00M | 16.00M | |||
| Leasehold Improvements | 218.00M | 167.00M | 159.00M | 162.00M | 182.00M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.04B | 904.00M | 792.00M | 306.00M | 524.00M | 549.00M |
| Depreciation & Amortization | 171.70M | 156.70M | 103.20M | 88.30M | 147.50M | 150.50M |
| Other Amortization | 92.30M | 92.30M | 79.80M | 73.70M | 22.50M | 26.50M |
| Loss (Gain) From Sale of Assets | -131.00M | -131.00M | ||||
| Asset Writedown & Restructuring Costs | 43.00M | |||||
| Loss (Gain) on Equity Investments | -138.00M | -14.00M | 237.00M | 20.00M | 45.00M | -141.00M |
| Stock-Based Compensation | 1.15B | 1.05B | 820.00M | 1.04B | 79.00M | 26.00M |
| Other Operating Activities | 25.00M | 66.00M | -170.00M | -240.00M | -6.00M | -16.00M |
| Change in Accounts Receivable | -194.00M | -510.00M | -743.00M | -89.00M | 123.00M | -377.00M |
| Change in Unearned Revenue | -62.00M | 135.00M | -4.00M | -190.00M | -37.00M | -51.00M |
| Change in Income Taxes | 20.00M | -11.00M | -6.00M | -30.00M | 35.00M | 112.00M |
| Change in Other Net Operating Assets | 112.00M | -216.00M | -712.00M | 114.00M | -194.00M | 128.00M |
| Operating Cash Flow | 2.09B | 1.52B | 397.00M | 1.09B | 739.00M | 458.00M |
| Capital Expenditures | -588.00M | -545.00M | -219.00M | -92.00M | -64.00M | -34.00M |
| Divestitures | 127.00M | 127.00M | ||||
| Sale (Purchase) of Intangibles | -34.00M | -30.00M | -20.00M | -51.00M | -29.00M | -41.00M |
| Investment in Securities | 243.00M | 84.00M | 203.00M | -372.00M | -45.00M | -513.00M |
| Other Investing Activities | -24.00M | -17.00M | 1.00M | -1.00M | -31.00M | |
| Investing Cash Flow | -220.00M | -325.00M | -35.00M | -516.00M | -138.00M | -619.00M |
| Short-Term Debt Issued | 50.00M | |||||
| Total Debt Issued | 50.00M | |||||
| Net Debt Issued (Repaid) | 50.00M | |||||
| Issuance of Common Stock | 74.00M | 74.00M | ||||
| Repurchase of Common Stock | -722.00M | -529.00M | -120.00M | -158.00M | ||
| Other Financing Activities | -103.00M | -93.00M | -82.00M | -50.00M | -42.00M | -82.00M |
| Financing Cash Flow | -751.00M | -548.00M | -202.00M | -208.00M | -42.00M | -32.00M |
| Foreign Exchange Rate Adjustments | -21.00M | 15.00M | 2.00M | 3.00M | -9.00M | -17.00M |
| Net Cash Flow | 1.10B | 666.00M | 162.00M | 369.00M | 550.00M | -210.00M |
| Free Cash Flow | 1.51B | 979.00M | 178.00M | 998.00M | 675.00M | 424.00M |
| Free Cash Flow Margin | 29.21% | 19.90% | 4.44% | 30.87% | 25.20% | 15.69% |
| Free Cash Flow Per Share | 1.41 | 0.92 | 0.17 | 0.96 | 0.66 | 0.41 |
| Levered Free Cash Flow | 1.33B | 750.50M | -31.62M | 1.32B | 954.31M | |
| Unlevered Free Cash Flow | 1.33B | 750.50M | -31.62M | 1.32B | 954.31M | |
| Cash Interest Paid | 1.00M | |||||
| Cash Income Tax Paid | 223.00M | 223.00M | 149.00M | 187.00M | 157.00M | 89.00M |
| Change in Working Capital | -124.00M | -602.00M | -1.47B | -195.00M | -73.00M | -188.00M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 219.99B | 160.66B | 112.56B | 128.50B | ||
| Enterprise Value | 216.59B | 157.58B | 110.16B | 126.32B | ||
| Last Close Price | 205.97 | 151.28 | 106.79 | 124.99 | ||
| PE Ratio | 210.24 | 177.72 | 142.12 | 419.93 | ||
| Forward PE | 86.23 | 78.15 | 54.91 | 93.56 | ||
| PS Ratio | 42.67 | 32.65 | 28.09 | 39.75 | ||
| PB Ratio | 25.49 | 19.39 | 16.46 | 24.27 | ||
| P/TBV Ratio | 32.40 | 24.97 | 22.21 | 36.53 | ||
| P/FCF Ratio | 146.08 | 164.11 | 632.34 | 128.76 | ||
| P/OCF Ratio | 105.06 | 105.42 | 283.52 | 117.89 | ||
| PEG Ratio | 2.84 | 2.67 | 1.79 | 2.25 | ||
| EV/Sales Ratio | 42.01 | 32.03 | 27.49 | 39.07 | ||
| EV/EBITDA Ratio | 203.62 | 148.00 | 117.92 | 766.50 | ||
| EV/EBIT Ratio | 242.81 | 173.54 | 132.56 | 1,651.23 | ||
| EV/FCF Ratio | 143.82 | 160.96 | 618.86 | 126.57 | ||
| Debt / Equity Ratio | 0.06 | 0.06 | 0.05 | 0.04 | 0.06 | 0.07 |
| Debt / EBITDA Ratio | 0.43 | 0.44 | 0.38 | 1.14 | 0.25 | 0.30 |
| Debt / FCF Ratio | 0.32 | 0.50 | 2.08 | 0.23 | 0.33 | 0.62 |
| Net Debt / Equity Ratio | -0.39 | -0.38 | -0.36 | -0.51 | -0.49 | -0.39 |
| Net Debt / EBITDA Ratio | -3.20 | -2.92 | -2.63 | -16.36 | -2.32 | -1.66 |
| Net Debt / FCF Ratio | -2.26 | -3.18 | -13.79 | -2.70 | -2.95 | -3.24 |
| Asset Turnover | 0.50 | 0.50 | 0.47 | 0.44 | 0.40 | |
| Quick Ratio | 5.06 | 5.83 | 5.08 | 2.76 | 2.48 | 2.10 |
| Current Ratio | 5.25 | 6.00 | 5.20 | 2.79 | 2.60 | 2.22 |
| Return on Equity (ROE) | 13.35% | 11.95% | 13.05% | 6.55% | 13.79% | |
| Return on Assets (ROA) | 5.42% | 5.78% | 6.16% | 0.65% | 6.66% | |
| Return on Invested Capital (ROIC) | 14.16% | 14.84% | 23.80% | 3.29% | 26.30% | 26.89% |
| Return on Capital Employed (ROCE) | 8.90% | 9.40% | 10.40% | 1.20% | 12.90% | 13.30% |
| Earnings Yield | 0.48% | 0.56% | 0.70% | 0.24% | ||
| FCF Yield | 0.68% | 0.61% | 0.16% | 0.78% | ||
| Buyback Yield / Dilution | -0.66% | -0.47% | -1.82% | -1.56% | -0.27% | |
| Total Shareholder Return | -0.47% | -1.82% | -1.56% | -0.27% |