Fluctuation theorems are relations constraining the out-of-equilibrium fluctuations of thermodynamic quantities like the entropy production that were initially introduced for classical or quantum systems in contact with a thermal bath. Here we show, in the absence of thermal bath, the dynamics of continuously measured quantum systems can also be described by a fluctuation theorem, expressed in terms of a recently introduced arrow of time measure. This theorem captures the emergence of irreversible behavior from microscopic reversibility in continuous quantum measurements. From this relation, we demonstrate that measurement-induced wave-function collapse exhibits absolute irreversibility, such that Jarzynski and Crooks-like equalities are violated. We apply our results to different continuous measurement schemes on a qubit: dispersive measurement, homodyne and heterodyne detection of a qubit's fluorescence.The emergence of macroscopic irreversibility from microscopic time-reversal invariant physical laws has been a long-standing issue, well described by the formalism of statistical thermodynamics [1,2]. In this framework, the small system under study follows stochastic trajectories in its phase-space, where the randomness models the uncontrolled forces exerted on the system by its thermal environment. Although these trajectories are microscopically reversible, one direction of time is more probable than the other and a arrow of time emerges for the ensemble of trajectories. In this framework, the thermodynamic variables like the work, the heat and the entropy produced during a process appear as random variables, defined for a single realization (i.e. a single trajectory), whose averages comply with the first and second law of thermodynamics. Furthermore, the fluctuations of these quantities are constrained beyond the second law, as captured by the so-called Fluctuation Theorems (FT) [3][4][5], which can be written under the form e −σ(Γ) = 1, where σ(Γ) is the entropy production along a single trajectory Γ. We denote · , the ensemble average over the realizations of the studied process (or equivalently, over the possible trajectories). The entropy production σ(Γ) fulfilling the FT is equal to the ratio of the probability of the (forward in time) trajectory Γ and the probability of the time-reversed (or backward in time) trajectory corresponding to Γ. During the last decades, these results have been investigated in the quantum regime where the system and the thermal bath can be quantum systems, allowing the proof of quantum extensions of the FTs [6][7][8][9][10][11][12][13][14][15][16][17][18]. Experiments have demonstrated the validity of these FTs in both classical and quantum regimes [19][20][21][22][23][24].However, it was shown that the form of the FTs must be modified for special processes [25][26][27][28][29][30][31][32][33][34], which are such that some theoretically allowed backward trajectories do not have a forward-in-time counterpart. A canonical example is the free expansion of a single particle gas ini...