And so far, the company, CFS, has been achieving their milestones for the performance of their magnets. The HTS magnets and coils is the main ingredient that the startup is optimizing for. Sometime in the last year, they implied that their Qplasma was much better than they minimally hoped for. I think they achieved Qplasma > 10, but Dennis was keeping the details proprietary.
From all the talks I remember, they are targeting power on the grid with the ARC reactor by 2035.
Edit:
This is the best recent video I've seen, about SPARC and ARC. Jumped to 2:25 for Dennis Whyte.
https://www.youtube.com/watch?v=bHJyoqDO0zw
It's targeted to MechE students and gives a lot of details about other aspects of a potential ARC reactor design, e.g. how to get the heat out.