Arm Holdings' IPO brought in a significant influx of capital, strengthening its balance sheet. As of Sept. 30, the company held $2.4 billion in cash and had no debt. With a healthy cash reserve, it is better positioned to fund its research and development initiatives, pursue strategic acquisitions and expand its market presence. This financial flexibility also places Arm Holdings in a stronger competitive position, enabling it to weather market fluctuations and invest in future growth opportunities.