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Arq, Inc.(ARQ)Earnings, Financials & Key Ratios
ARQ•NASDAQ
$2.31
$99M mkt cap·Price updated May 6, 2026
AboutArq, Inc. produces activated carbon products in North America. The company's products include granular activated carbon, powdered activated carbon, and colloidal carbon products; Arq Powder Wetcake, a fine and low-ash coal waste-derived particle; and additives for air emissions control. Its products are used in various applications, including; water treatment, ground water remediation, soil sediments, air emissions, and asphalt additives. The company was formerly known as Advanced Emissions Solutions, Inc. and changed its name to Arq, Inc. in February 2024. The company was founded in 1996 and is headquartered in Greenwood Village, Colorado.Show more
- Revenue$120M+10.4%
- EBITDA$4M-45.1%
- Net Income-$53M-929.8%
- EPS (Diluted)-1.27-807.1%
- Gross Margin27.87%-23.0%
- EBITDA Margin3.03%-50.3%
- Operating Margin-6.74%-274.7%
- Net Margin-43.72%-832.4%
- ROE-27.31%-957.7%
- ROIC-2.78%-281.6%
- Debt/Equity0.22+40.8%
- Interest Coverage-20.48-3208.3%
ARQ Key Insights
Arq, Inc. (ARQ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 12.3%
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗Profits declining 21.0% over 5 years
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 5 (bottom 5%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 15.2% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ARQ Price & Volume
Arq, Inc. (ARQ) stock price & volume — 10-year historical chart
Loading chart...
ARQ Growth Metrics
Arq, Inc. (ARQ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years12.3%
3 Years5.33%
TTM6.71%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-3508.27%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-2900.23%
Return on Capital
10 Years-8.13%
5 Years-3.15%
3 Years-3.96%
Last Year-3.79%
ARQ Recent Earnings
Arq, Inc. (ARQ) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Mar 9, 2026EPS
$0.07
Est $0.05
-40.0%
Revenue
$29M
Est $29M
+2.9%
Q4 2025
Nov 5, 2025EPS
$0.02
Est $0.02
-200.0%
Revenue
$35M
Est $29M
+22.7%
Q3 2025
Aug 11, 2025EPS
$0.01
Est $0.01
+0.0%
Revenue
$29M
Est $26M
+11.8%
Q2 2025
May 7, 2025EPS
$0.00
Est $0.03
+115.9%
Revenue
$27M
Est $25M
+8.1%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 9, 2026 | $0.07vs $0.05-40.0% | $29Mvs $29M+2.9% |
| Q4 2025 | Nov 5, 2025 | $0.02vs $0.02-200.0% | $35Mvs $29M+22.7% |
| Q3 2025 | Aug 11, 2025 | $0.01vs $0.01+0.0% | $29Mvs $26M+11.8% |
| Q2 2025 | May 7, 2025 | $0.00vs $0.03+115.9% | $27Mvs $25M+8.1% |
Based on last 12 quarters of dataView full earnings history →
ARQ Peer Comparison
Arq, Inc. (ARQ) competitors in Filtration and Flow Control Components — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CECO | 3.09B | 86.25 | 62.96 | 38.79% | 2.11% | 5.45% | 0.08 | |
 MERC | 74.35M | 1.11 | -0.15 | -8.58% | -26.65% | -151.86% | 23.64 | |
 CLNE | 491.3M | 2.24 | -2.22 | 2.16% | -52.22% | -39.29% | 0.18 | |
 GEVO | 497.05M | 2.05 | -14.64 | 8.49% | 0.75% | 0.25% | 0.01 | |
 AMTX | 220.79M | 3.24 | -2.53 | -22.29% | -38.96% | |||
 BTU | 3.04B | 24.96 | -58.05 | -8.86% | -3.07% | -3.33% | 0.14 | |
 NRP | 1.53B | 115.22 | 11.48 | -17.42% | 51.63% | 15.45% | 0.05 | |
 SXC | 615.12M | 7.25 | -13.94 | -5.07% | -3.55% | -9.88% | 1.09 |
Compare ARQ vs Peers
Arq, Inc. (ARQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ARQ Income Statement
Arq, Inc. (ARQ) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 45.36M | 23.95M | 70.09M | 67.36M | 100.29M | 102.99M | 99.18M | 108.96M | 120.34M | 122.14M |
| Revenue Growth % | -10.39% | -47.22% | 192.7% | -3.89% | 48.89% | 2.69% | -3.69% | 9.86% | 10.44% | 6.71% |
| Cost of Goods Sold | 32.67M | 6.98M | 49.44M | 50.4M | 65.58M | 80.47M | 67.32M | 69.52M | 86.8M | 88.59M |
| COGS % of Revenue | 72.03% | 29.13% | 70.55% | 74.82% | 65.38% | 78.13% | 67.88% | 63.8% | 72.13% | - |
| Gross Profit | 12.69M▲ 0% | 16.97M▲ 33.7% | 20.64M▲ 21.7% | 16.96M▼ 17.8% | 34.72M▲ 104.7% | 22.52M▼ 35.1% | 31.86M▲ 41.5% | 39.44M▲ 23.8% | 33.53M▼ 15.0% | 33.56M▲ 0% |
| Gross Margin % | 27.97% | 70.87% | 29.45% | 25.18% | 34.62% | 21.87% | 32.12% | 36.2% | 27.87% | 27.47% |
| Gross Profit Growth % | 2617.86% | 33.72% | 21.65% | -17.82% | 104.66% | -35.13% | 41.46% | 23.8% | -14.99% | - |
| Operating Expenses | 16.83M | 15.74M | 35.54M | 57.95M | 29.87M | 34.59M | 45.2M | 41.4M | 41.64M | 43.42M |
| OpEx % of Revenue | 37.1% | 65.73% | 50.7% | 86.02% | 29.78% | 33.59% | 45.57% | 38% | 34.6% | - |
| Selling, General & Admin | 16.83M | 15.74M | 28.16M | 24.43M | 24.64M | 28.14M | 37.38M | 28.7M | 22.55M | 23.87M |
| SG&A % of Revenue | 37.1% | 65.73% | 40.19% | 36.27% | 24.56% | 27.32% | 37.69% | 26.34% | 18.74% | - |
| Research & Development | 157K | 0 | 0 | 0 | 0 | 0 | 0 | 4.05M | 7.34M | 7.45M |
| R&D % of Revenue | 0.35% | - | - | - | - | - | - | 3.72% | 6.1% | - |
| Other Operating Expenses | 0 | 0 | 7.37M | 33.51M | 5.23M | 6.45M | 7.81M | 8.66M | 11.75M | 4M |
| Operating Income | -4.14M▲ 0% | 1.23M▲ 129.7% | -14.89M▼ 1311.8% | -40.98M▼ 175.2% | 4.85M▲ 111.8% | -12.07M▼ 348.7% | -13.34M▼ 10.5% | -1.96M▲ 85.3% | -8.11M▼ 313.8% | -9.87M▲ 0% |
| Operating Margin % | -9.13% | 5.13% | -21.25% | -60.84% | 4.84% | -11.72% | -13.44% | -1.8% | -6.74% | -8.08% |
| Operating Income Growth % | 68.71% | 129.67% | -1311.8% | -175.17% | 111.84% | -348.72% | -10.5% | 85.31% | -313.78% | - |
| EBITDA | -3.35M | 1.95M | -7.52M | -32.44M | 12.79M | -5.65M | -2.79M | 6.63M | 3.64M | 2.27M |
| EBITDA Margin % | -7.39% | 8.15% | -10.73% | -48.16% | 12.75% | -5.49% | -2.81% | 6.09% | 3.03% | 1.86% |
| EBITDA Growth % | 72.65% | 158.22% | -485.35% | -331.32% | 139.41% | -144.21% | 50.6% | 337.64% | -45.12% | -78.89% |
| D&A (Non-Cash Add-back) | 789K | 723K | 7.37M | 8.54M | 7.93M | 6.42M | 10.54M | 8.59M | 11.75M | 12.14M |
| EBIT | 55.05M | 48.03M | 54.71M | -9.87M | 77.56M | -8.37M | -9.08M | -2.02M | -50.15M | -51.08M |
| Net Interest Income | -2.97M | -2.15M | -6.91M | -3.79M | -1.16M | -97K | -1.17M | -2.15M | -2.45M | -1.73M |
| Interest Income | 54K | 0 | 261K | 127K | 326K | 239K | 1.85M | 1.1M | 0 | 0 |
| Interest Expense | 3.02M | 2.15M | 7.17M | 3.92M | 1.49M | 336K | 3.01M | 3.26M | 2.45M | 1.02M |
| Other Income/Expense | 56.17M | 44.65M | 62.43M | 27.19M | 71.22M | 3.36M | 1.24M | -3.31M | -44.49M | -43.77M |
| Pretax Income | 52.02M▲ 0% | 45.88M▼ 11.8% | 47.54M▲ 3.6% | -13.79M▼ 129.0% | 76.07M▲ 651.6% | -8.71M▼ 111.4% | -12.1M▼ 38.9% | -5.27M▲ 56.4% | -52.6M▼ 897.5% | -53.64M▲ 0% |
| Pretax Margin % | 114.68% | 191.59% | 67.83% | -20.47% | 75.85% | -8.46% | -12.2% | -4.84% | -43.71% | -43.92% |
| Income Tax | 24.15M | 10.42M | 12M | 6.51M | 15.67M | 209K | 153K | -164K | 12K | 12K |
| Effective Tax Rate % | 46.42% | 22.72% | 25.24% | -47.21% | 20.6% | -2.4% | -1.26% | 3.11% | -0.02% | -0.02% |
| Net Income | 27.7M▲ 0% | 35.34M▲ 27.6% | 35.54M▲ 0.6% | -20.3M▼ 157.1% | 60.4M▲ 397.5% | -8.92M▼ 114.8% | -12.25M▼ 37.4% | -5.11M▲ 58.3% | -52.61M▼ 929.8% | -53.66M▲ 0% |
| Net Margin % | 61.07% | 147.6% | 50.7% | -30.14% | 60.22% | -8.66% | -12.35% | -4.69% | -43.72% | -43.93% |
| Net Income Growth % | -71.31% | 27.58% | 0.55% | -157.13% | 397.51% | -114.76% | -37.37% | 58.29% | -929.75% | -3508.27% |
| Net Income (Continuing) | 27.87M | 35.45M | 35.54M | -20.3M | 60.4M | -8.92M | -12.25M | -5.11M | -52.61M | -53.66M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.29▲ 0% | 1.76▲ 36.4% | 1.93▲ 9.7% | -1.13▼ 158.5% | 3.27▲ 389.4% | -0.48▼ 114.7% | -0.42▲ 12.5% | -0.14▲ 66.7% | -1.27▼ 807.1% | -1.29▲ 0% |
| EPS Growth % | -70.28% | 36.43% | 9.66% | -158.55% | 389.38% | -114.68% | 12.5% | 66.67% | -807.14% | -2900.23% |
| EPS (Basic) | 1.30 | 1.78 | 1.96 | -1.13 | 3.31 | -0.48 | -0.42 | -0.14 | -1.27 | - |
| Diluted Shares Outstanding | 21.41M | 20.03M | 18.37M | 18.04M | 18.46M | 18.45M | 29.1M | 36.05M | 41.52M | 41.73M |
| Basic Shares Outstanding | 21.37M | 19.9M | 18.15M | 18.04M | 18.26M | 18.45M | 29.1M | 36.05M | 41.52M | 41.73M |
| Dividend Payout Ratio | 56.64% | 57.06% | 51.42% | - | 0.15% | - | - | - | - | - |
ARQ Balance Sheet
Arq, Inc. (ARQ) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 36.89M | 59.78M | 47.05M | 61.99M | 108.37M | 105.66M | 86.46M | 52.36M | 43.85M | 46.05M |
| Cash & Short-Term Investments | 30.69M | 18.58M | 12.08M | 25.93M | 78.75M | 66.43M | 45.36M | 13.52M | 6.57M | 4.67M |
| Cash Only | 30.69M | 18.58M | 12.08M | 25.93M | 78.75M | 66.43M | 45.36M | 13.52M | 6.57M | 4.67M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 4.36M | 13.84M | 11.68M | 16.58M | 15.1M | 13.86M | 16.19M | 14.88M | 14.98M | 15.95M |
| Days Sales Outstanding | 35.08 | 210.94 | 60.81 | 89.83 | 54.96 | 49.14 | 59.59 | 49.83 | 45.44 | 45.45 |
| Inventory | 74K | 21.79M | 15.46M | 9.88M | 7.85M | 17.83M | 19.69M | 19.31M | 15.89M | 19.91M |
| Days Inventory Outstanding | 0.83 | 1.14K | 114.13 | 71.57 | 43.69 | 80.87 | 106.77 | 101.41 | 66.84 | 74.51 |
| Other Current Assets | 83K | 1.4M | 1.9M | 6.3M | 1.31M | 2.4M | 2.44M | 1.41M | 6.4M | 5.51M |
| Total Non-Current Assets | 45.88M | 108.17M | 126.75M | 84.68M | 77.07M | 75.5M | 149.04M | 232.01M | 186.73M | 186.09M |
| Property, Plant & Equipment | 410K | 48.51M | 58.61M | 37.41M | 43.24M | 49.71M | 105.24M | 196.51M | 143.15M | 141.06M |
| Fixed Asset Turnover | 110.64x | 0.49x | 1.20x | 1.80x | 2.32x | 2.07x | 0.94x | 0.55x | 0.84x | 0.74x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 805K | 4.83M | 4.17M | 1.96M | 1.24M | 847K | 7.9M | 7.57M | 570K | 0 |
| Long-Term Investments | 4.9M | 12.79M | 39.71M | 8.24M | 2.39M | 0 | 0 | 8.72M | 9.07M | 27.2M |
| Other Non-Current Assets | 951K | 1.22M | 10.17M | 26.46M | 30.2M | 24.95M | 35.9M | 19.22M | 33.94M | 134.32M |
| Total Assets | 82.77M▲ 0% | 167.95M▲ 102.9% | 173.8M▲ 3.5% | 146.67M▼ 15.6% | 185.44M▲ 26.4% | 181.16M▼ 2.3% | 235.5M▲ 30.0% | 284.37M▲ 20.7% | 230.58M▼ 18.9% | 232.13M▲ 0% |
| Asset Turnover | 0.55x | 0.14x | 0.40x | 0.46x | 0.54x | 0.57x | 0.42x | 0.38x | 0.52x | 0.48x |
| Asset Growth % | -23.01% | 102.9% | 3.48% | -15.61% | 26.43% | -2.3% | 29.99% | 20.75% | -18.91% | -23.34% |
| Total Current Liabilities | 6.88M | 40.72M | 39.31M | 42.54M | 22.62M | 23.88M | 23.05M | 44.65M | 42.3M | 45.08M |
| Accounts Payable | 1M | 6.24M | 8.05M | 7.85M | 16.49M | 16.11M | 14.6M | 21.02M | 15.27M | 0 |
| Days Payables Outstanding | 11.17 | 326.23 | 59.4 | 56.84 | 91.76 | 73.07 | 79.17 | 110.35 | 64.2 | 45.57 |
| Short-Term Debt | 0 | 24.07M | 23.93M | 18.44M | 1.01M | 1.13M | 2.65M | 15.45M | 22.86M | 1.07M |
| Deferred Revenue (Current) | 1.83M | 479K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.46M | 1.66M | 1.04M | 9.74M | -4.32M | 2.88M | 2.9M | 3.78M | 2.87M | 44M |
| Current Ratio | 5.36x | 1.47x | 1.20x | 1.46x | 4.79x | 4.42x | 3.75x | 1.17x | 1.04x | 1.04x |
| Quick Ratio | 5.35x | 0.93x | 0.80x | 1.22x | 4.44x | 3.68x | 2.90x | 0.74x | 0.66x | 0.66x |
| Cash Conversion Cycle | 24.74 | 1.02K | 115.54 | 104.55 | 6.9 | 56.94 | 87.18 | 40.89 | 48.07 | 74.39 |
| Total Non-Current Liabilities | 2.44M | 59.28M | 26.19M | 18.92M | 15.51M | 17.3M | 34.05M | 22.44M | 20.32M | 19.25M |
| Long-Term Debt | 0 | 43.64M | 20.43M | 5.45M | 3.15M | 3.45M | 18.27M | 8.96M | 8.36M | 8.19M |
| Capital Lease Obligations | 0 | 0 | 2.81M | 1.11M | 4.18M | 5.13M | 8.87M | 7.87M | 6.17M | 20.23M |
| Deferred Tax Liabilities | 155K | 8.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 285K | 9.22M | 2.95M | 12.36M | 8.18M | 8.72M | 6.91M | 5.61M | 5.78M | 28.16M |
| Total Liabilities | 9.32M | 100M | 65.51M | 61.46M | 38.13M | 41.19M | 57.1M | 67.09M | 62.62M | 64.32M |
| Total Debt | 0 | 74.13M | 49.56M | 26.88M | 10.5M | 12.44M | 31.74M | 34.36M | 37.39M | 9.27M |
| Net Debt | -30.69M | 55.55M | 37.48M | 946K | -68.25M | -53.99M | -13.62M | 20.85M | 30.82M | 4.6M |
| Debt / Equity | - | 1.09x | 0.46x | 0.32x | 0.07x | 0.09x | 0.18x | 0.16x | 0.22x | 0.22x |
| Debt / EBITDA | - | 37.97x | - | - | 0.82x | - | - | 5.18x | 10.27x | 4.09x |
| Net Debt / EBITDA | - | 28.46x | - | - | -5.34x | - | - | 3.14x | 8.46x | 8.46x |
| Interest Coverage | 18.20x | 22.33x | 7.63x | -2.52x | 52.06x | -24.92x | -3.01x | -0.62x | -20.48x | -50.07x |
| Total Equity | 73.45M▲ 0% | 67.95M▼ 7.5% | 108.29M▲ 59.4% | 85.21M▼ 21.3% | 147.3M▲ 72.9% | 139.98M▼ 5.0% | 178.4M▲ 27.4% | 217.28M▲ 21.8% | 167.96M▼ 22.7% | 167.81M▲ 0% |
| Equity Growth % | -3.56% | -7.5% | 59.38% | -21.31% | 72.87% | -4.97% | 27.45% | 21.79% | -22.7% | -31.89% |
| Book Value per Share | 3.43 | 3.39 | 5.89 | 4.72 | 7.98 | 7.59 | 6.13 | 6.03 | 4.05 | 4.02 |
| Total Shareholders' Equity | 73.45M | 67.95M | 108.29M | 85.21M | 147.3M | 139.98M | 178.4M | 217.28M | 167.96M | 167.81M |
| Common Stock | 22K | 23K | 23K | 23K | 23K | 24K | 38K | 47K | 47K | 47K |
| Retained Earnings | -15.48M | 12.91M | 57.34M | 32.45M | 92.86M | 83.95M | 71.54M | 66.43M | 13.82M | 12.98M |
| Treasury Stock | -16.4M | -41.74M | -47.53M | -47.69M | -47.69M | -47.69M | -47.69M | -47.69M | -47.69M | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ARQ Cash Flow Statement
Arq, Inc. (ARQ) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 37.13M | 37.29M | 62.26M | 54.05M | 26M | -6.06M | -16.65M | 10.48M | -2.48M | -2.48M |
| Operating CF Margin % | 81.84% | 155.72% | 88.84% | 80.23% | 25.92% | -5.89% | -16.79% | 9.62% | -2.06% | - |
| Operating CF Growth % | 85.7% | 0.43% | 66.98% | -13.19% | -51.9% | -123.31% | -174.76% | 162.91% | -123.66% | 33.86% |
| Net Income | 27.7M | 35.34M | 35.54M | -20.3M | 60.4M | -8.92M | -12.25M | -5.11M | -52.61M | -53.66M |
| Depreciation & Amortization | 789K | 723K | 7.37M | 8.54M | 7.93M | 6.42M | 10.54M | 8.59M | 11.75M | 12.14M |
| Stock-Based Compensation | 0 | 0 | 2.01M | 2.5M | 1.93M | 1.98M | 2.65M | 2.71M | 3.36M | 3.52M |
| Deferred Taxes | 22.73M | 5.23M | 8.65M | 3.49M | 10.6M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -31.57M | -15.7M | 10.22M | 60.62M | -49.05M | 2M | -1.13M | 4M | 45.27M | 41.92M |
| Working Capital Changes | -12.51M | 36K | -1.53M | -790K | -5.81M | -7.54M | -16.47M | 276K | -10.24M | -786K |
| Change in Receivables | 32.48M | 13.06M | 2.16M | -1.75M | 1.51M | 1.17M | -2.26M | 1.32M | -104K | -584K |
| Change in Inventory | 0 | 237K | 5.5M | 4.75M | 1.39M | -9.69M | -2.57M | 1.64M | 3.25M | 2.26M |
| Change in Payables | -920K | -197K | 2.22M | -196K | 1.98M | 0 | -12.06M | 216K | -6.7M | -476K |
| Cash from Investing | -489K | -63.72M | -13.24M | -7.47M | 44.38M | -4.61M | -28.54M | -85.07M | -8.41M | -5.32M |
| Capital Expenditures | -428K | -467K | -7.85M | -6.68M | -6.2M | -8.91M | -30.21M | -85.35M | 0 | -5.25M |
| CapEx % of Revenue | 0.94% | 1.95% | 11.2% | 9.92% | 6.18% | 8.66% | 30.45% | 78.33% | 7.13% | - |
| Acquisitions | 57K | -62.5M | -661K | 0 | 0 | 0 | 48K | 150K | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -4.73M | -781K | 50.58M | 4.31M | 1.62M | 127K | -8.41M | -67K |
| Cash from Financing | -32.89M | 19.51M | -55.72M | -27.73M | -17.53M | -1.68M | 22.91M | 42.68M | 3.7M | 3.23M |
| Debt Issued (Net) | -236K | 65.86M | -31.35M | -22.05M | -17.19M | -1.25M | 6.92M | 2.26M | 3.76M | 4.33M |
| Equity Issued (Net) | -16.96M | -26.11M | -6.24M | -696K | -246K | -388K | 15.99M | 41.27M | -66K | -24K |
| Dividends Paid | -15.69M | -20.16M | -18.27M | -4.98M | -93K | -45K | 0 | 0 | 0 | 0 |
| Share Repurchases | -16.96M | -26.11M | -6.24M | -696K | -246K | -388K | -230K | -1.14M | -66K | -224K |
| Other Financing | 0 | -76K | 156K | 0 | 0 | 0 | 0 | -853K | 0 | -1.07M |
| Net Change in Cash | 3.75M▲ 0% | -12.12M▼ 423.2% | -6.69M▲ 44.8% | 18.85M▲ 381.7% | 52.85M▲ 180.3% | -12.35M▼ 123.4% | -22.28M▼ 80.4% | -31.92M▼ 43.3% | -6.94M▲ 78.2% | 1.05M▲ 0% |
| Free Cash Flow | 36.7M▲ 0% | 36.82M▲ 0.3% | 54.41M▲ 47.8% | 47.36M▼ 13.0% | 19.8M▼ 58.2% | -14.97M▼ 175.6% | -44.17M▼ 195.0% | -74.69M▼ 69.1% | -11.05M▲ 85.2% | -2.11M▲ 0% |
| FCF Margin % | 80.9% | 153.76% | 77.63% | 70.31% | 19.74% | -14.54% | -44.53% | -68.55% | -9.19% | -1.73% |
| FCF Growth % | 86.25% | 0.33% | 47.78% | -12.95% | -58.2% | -175.64% | -194.95% | -69.11% | 85.2% | 97% |
| FCF per Share | 1.71 | 1.84 | 2.96 | 2.62 | 1.07 | -0.81 | -1.52 | -2.07 | -0.27 | -0.27 |
| FCF Conversion (FCF/Net Income) | 1.34x | 1.06x | 1.75x | -2.66x | 0.43x | 0.68x | 1.36x | -2.05x | 0.05x | 0.04x |
| Interest Paid | 3.64M | 1.4M | 5.65M | 2.49M | 524K | 334K | 0 | 0 | 0 | 0 |
| Taxes Paid | 1.67M | 7.46M | 4.31M | 0 | 8.88M | 3K | 0 | 0 | 0 | 0 |
ARQ Key Ratios
Arq, Inc. (ARQ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 37.03% | 49.99% | 40.33% | -20.98% | 51.96% | -6.21% | -7.69% | -2.58% | -27.31% | -27.88% |
| Return on Invested Capital (ROIC) | -6.75% | 1.11% | -8.3% | -26.5% | 4.41% | -10.97% | -7.98% | -0.73% | -2.78% | -2.78% |
| Gross Margin | 27.97% | 70.87% | 29.45% | 25.18% | 34.62% | 21.87% | 32.12% | 36.2% | 27.87% | 27.47% |
| Net Margin | 61.07% | 147.6% | 50.7% | -30.14% | 60.22% | -8.66% | -12.35% | -4.69% | -43.72% | -43.93% |
| Debt / Equity | - | 1.09x | 0.46x | 0.32x | 0.07x | 0.09x | 0.18x | 0.16x | 0.22x | 0.22x |
| Interest Coverage | 18.20x | 22.33x | 7.63x | -2.52x | 52.06x | -24.92x | -3.01x | -0.62x | -20.48x | -50.07x |
| FCF Conversion | 1.34x | 1.06x | 1.75x | -2.66x | 0.43x | 0.68x | 1.36x | -2.05x | 0.05x | 0.04x |
| Revenue Growth | -10.39% | -47.22% | 192.7% | -3.89% | 48.89% | 2.69% | -3.69% | 9.86% | 10.44% | 6.71% |
ARQ SEC Filings & Documents
Arq, Inc. (ARQ) SEC filings — annual & quarterly reports (10-K, 10-Q)
ARQ Frequently Asked Questions
Arq, Inc. (ARQ) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Arq, Inc. (ARQ) reported $122.1M in revenue for fiscal year 2025. This represents a 141% increase from $50.6M in 2016.
Arq, Inc. (ARQ) grew revenue by 10.4% over the past year. This is steady growth.
Arq, Inc. (ARQ) reported a net loss of $53.7M for fiscal year 2025.
Dividend & Returns
Arq, Inc. (ARQ) has a return on equity (ROE) of -27.3%. Negative ROE indicates the company is unprofitable.
Arq, Inc. (ARQ) had negative free cash flow of $2.1M in fiscal year 2025, likely due to heavy capital investments.
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