5 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 16.2% per year over the past 4 years.
Net income has grown slower than revenue (13.3% vs 16.2% per year).
Operating margin has contracted, at 18.3% in the latest year.
Free cash flow has grown 23.3% per year over the past 4 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2026
$4.9B
$904M
97.5%
18.3%
$979M
—
$2.8B
2025
$4.0B
$792M
97.0%
20.7%
$178M
—
$2.1B
2024
$3.2B
$306M
95.2%
3.4%
$998M
—
$1.9B
2023
$2.7B
$524M
96.0%
25.0%
$675M
—
$1.6B
2022
$2.7B
$549M
95.2%
23.4%
$424M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.5B
$313M
97.9%
29.4%
$186M
—
$2.8B
Dec '25
$1.2B
$223M
97.6%
14.9%
$186M
—
$2.8B
Sep '25
$1.1B
$238M
97.4%
14.4%
$429M
—
$2.5B
Jun '25
$1.1B
$130M
97.2%
10.8%
$178M
—
$2.0B
Mar '25
$1.2B
$210M
97.7%
33.0%
$184M
—
$2.1B
Dec '24
$983M
$252M
97.2%
17.8%
$360M
—
$2.0B
Sep '24
$844M
$107M
96.2%
7.6%
-$47M
—
$1.5B
Jun '24
$939M
$223M
96.5%
19.4%
-$319M
—
$1.5B
Mar '24
$928M
$224M
95.6%
2.4%
$656M
—
$1.9B
Dec '23
$824M
$87M
95.6%
16.3%
$289M
—
$1.6B
Sep '23
$806M
-$110M
94.3%
-19.4%
$193M
—
$1.4B
Jun '23
$675M
$105M
95.4%
16.4%
-$140M
—
—
Mar '23
$633M
$3M
95.7%
-7.9%
$467M
—
$1.6B
Dec '22
$724M
$182M
96.0%
33.7%
$401M
—
—
Sep '22
$630M
$114M
96.0%
29.0%
—
—
—
Valuation over time
How the market has priced ARM against its own fundamentals since 2023-09 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 109.1× (Sep '23) to 406.4× (Jun '26).
The price-to-sales ratio has risen from 21.3× (Sep '23) to 74.7× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is ARM growing its revenue and profit?
Over the past 4 years, Arm Holdings's revenue has grown 16.2% per year, and net income grown 13.3% per year. These are computed facts, not advice.
How much debt does ARM have?
As of FY2026, Arm Holdings reported — of total debt against $2.8B of cash.
What is ARM's profit margin?
In FY2026, gross margin was 97.5%, operating margin 18.3%, and net margin 18.4%.
What is ARM's P/E ratio?
As of Jun '26, Arm Holdings traded at a price-to-earnings ratio of about 406.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.