Aslan Research · Chips
ARM HOLDINGS PLC /UK (ARM)
Data as of 2026-08-21 · 16 quarters · filed in USD
Revenue reached $4.5 billion over the trailing year, while expenses were $4.0 billion. Revenue grew 24% per year, faster than expense growth of 18%, and the backlog was 0.5x one year of revenue.
Earned, collected early, and merely signed
Reports — of debt; has promised $464M
All $464 million of total committed money is tied to leases. That makes committed obligations equal to reported lease commitments, with no separate purchase obligations shown.
What the promised total is made of, latest quarter
Spending, by reported line
When the promises come due
The next five years bring $1.0 billion of obligations due against $96.7 billion of future revenue promised to the company. Another $286 million of lease obligations comes due after year five.
The rates that matter
Expenses as filed vs after cited reconciliation
24 patterns worth a second look
The filings show financing and revenue relationships involving related parties that also provide revenue or contract balances. Six of 16 quarters changed through reconciliation, and some extraction disagreements caused figures to be dropped, including operating income, net income, income tax, and operating cash flow readings.
circular financing · 1
The company reports financing and revenue relationships involving related parties that also provide revenue or contract balances.
extraction disagreement · 18
6-K arm-20230930.htm: the two extraction passes read operating_income for 2023-09-30 as -156000000 vs 156000000; the figure was dropped.
6-K arm-20230930.htm: the two extraction passes read operating_income for 2023-09-30 as -45000000 vs 45000000; the figure was dropped.
6-K arm-20230930.htm: the two extraction passes read net_income for 2023-09-30 as -110000000 vs 110000000; the figure was dropped.
+ 15 more
off balance sheet · 1
The filings report substantial obligations outside recorded lease liabilities, including signed leases not yet commenced and purchase commitments.
one time dressing · 1
Reported performance benefited from identified one-time reversals and releases.
redefinition · 1
The filings describe ACV using changing definitions and time horizons.
related party exposure · 1
Related-party revenue and receivable exposure increased materially across the filings.
subsequent event · 1
Subsequent filings report transactions that materially recontextualize preceding period commitments.