ARQ on Nasdaq
Arq, Inc.
Price unavailable
Last updated Oct 16, 2026.
Overview
Compare with FLOTEK INDUSTRIES INC/CN/, FLEXIBLE SOLUTIONS INTERNATIONAL INC or ASP Isotopes Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-44.0%Operating margin3
-43.7%Net margin3
10.4%Revenue growth, 20253
-31.3%Return on equity3
0.05×Debt to equity3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
United States brought in 93% of the revenue Arq, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $101.1M | $111.4M |
| CA [member] | $7.9M | $8.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue72¢$86.8M
- Research and development6¢$7.3M
- Selling, general and admin19¢$22.6M
- Other costs3¢$3.6M
Out of $120.3M in revenue.34 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $120.3M | $109.0M |
| Cost of revenue, exclusive of depreciation and amortization | $86.8M | $69.5M |
| Selling, general and administrative | $22.6M | $28.7M |
| Research and development | $7.3M | $4.0M |
| Depreciation, amortization, depletion and accretion | $11.7M | $8.6M |
| Impairment of long-lived assets | $44.8M | $0 |
| Loss on sale of assets | $96.0K | $64.0K |
| Total operating expenses | $86.5M | $41.4M |
| Operating loss | -$53.0M | -$2.0M |
| Earnings from equity method investment | $2.0M | $127.0K |
| Interest expense | -$2.4M | -$3.3M |
| Loss on extinguishment of debt | $0 | -$1.4M |
| Other income | $858.0K | $1.2M |
| Total other income (expense) | $360.0K | -$3.3M |
| Loss before income taxes | -$52.6M | -$5.3M |
| Income tax expense (benefit) | $12.0K | -$164.0K |
| Net loss | -$52.6M | -$5.1M |
| Basic (in dollars per share) | -$1.27 | -$0.14 |
| Diluted (in dollars per share) | -$1.27 | -$0.14 |
| Basic (in shares) | 41.5M shares | 36.1M shares |
| Diluted (in shares) | 41.5M shares | 36.1M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $6.6M | $13.5M | |
| Receivables, net | $15.0M | $14.9M | |
| Inventories, net | $15.9M | $19.3M | |
| Prepaid expenses and other current assets | $6.4M | $4.7M | |
| Total current assets | $43.9M | $52.4M | |
| Restricted cash, long-term | $8.5M | $8.7M | |
| Property, plant and equipment, net of accumulated depreciation of $28,375 and $26,619, respectively | $143.2M | $178.6M | |
| Other long-term assets, net | $35.1M | $44.7M | |
| Total Assets | $230.6M | $284.4M | |
| Accounts payable and accrued expenses | $15.3M | $21.0M | |
| Revolving credit facility | $18.9M | $13.8M | |
| Current portion of long-term debt obligations | $1.1M | $1.6M | |
| Other current liabilities | $7.0M | $8.2M | |
| Total current liabilities | $42.3M | $44.7M | |
| Long-term debt obligations, net of current portion | $8.5M | $9.4M | |
| Other long-term liabilities | $11.9M | $13.1M | |
| Total Liabilities | $62.6M | $67.1M | |
| Preferred stock: par value of $0.001 per share, 50,000,000 shares authorized, none issued or outstanding | $0 | $0 | |
| Common stock: par value of $0.001 per share, 100,000,000 shares authorized, 47,348,394 and 46,639,930 shares issued, and 42,730,248 and 42,021,784 shares outstanding at December 31, 2025 and 2024, respectively | $47.0K | $47.0K | |
| Treasury stock, at cost: 4,618,146 and 4,618,146 shares as of December 31, 2025 and 2024, respectively | -$47.7M | -$47.7M | |
| Additional paid-in capital | $201.8M | $198.5M | |
| Retained earnings | $13.8M | $66.4M | |
| Total Stockholders Equity | $168.0M | $217.3M | $178.4M |
| Total Liabilities and Stockholders Equity | $230.6M | $284.4M | |
| Accumulated depreciation | $28.4M | $26.6M | |
| Preferred stock par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | |
| Common stock, shares issued (in shares) | 47.3M shares | 46.6M shares | |
| Common stock, shares outstanding (in shares) | 42.7M shares | 42.0M shares | |
| Treasury stock (in shares) | 4.6M shares | 4.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$52.6M | -$5.1M |
| Impairment of long-lived assets | $44.8M | $0 |
| Depreciation, amortization, depletion and accretion | $11.7M | $8.6M |
| Stock-based compensation expense | $3.4M | $2.7M |
| Operating lease expense | $2.4M | $2.0M |
| Amortization of debt discount and debt issuance costs | $359.0K | $601.0K |
| Loss on sale of long-term assets, net | $96.0K | $64.0K |
| Loss from extinguishment of debt | $0 | $1.4M |
| Earnings from equity method investment | -$2.0M | -$127.0K |
| Other non-cash items, net | -$678.0K | $37.0K |
| Receivables | -$104.0K | $1.3M |
| Prepaid expenses and other assets | -$2.0M | $1.2M |
| Inventories | $3.2M | $1.6M |
| Other long-term assets, net | -$4.1M | -$2.2M |
| Accounts payable and accrued expenses | -$6.7M | $216.0K |
| Other current liabilities | -$260.0K | $1.1M |
| Operating lease liabilities | $205.0K | -$1.3M |
| Other long-term liabilities | -$481.0K | -$1.8M |
| Net cash (used in) provided by operating activities | -$2.7M | $10.5M |
| Acquisition of property, plant, equipment and intangible assets, net | -$8.6M | -$85.2M |
| Acquisition of mine development costs | -$531.0K | -$181.0K |
| Proceeds from insurance recovery related to property and equipment | $685.0K | $0 |
| Distributions from equity method investee in excess of cumulative earnings | $251.0K | $127.0K |
| Proceeds from sale of property and equipment | $10.0K | $150.0K |
| Net cash used in investing activities | -$8.2M | -$85.1M |
| Borrowings on revolving credit facility | $128.9M | $13.8M |
| Repayments of revolving credit facility | -$123.8M | $0 |
| Principal payments on notes payable | -$914.0K | -$10.5M |
| Principal payments on finance lease obligations | -$447.0K | -$1.0M |
| Repurchase of common stock to satisfy tax withholdings | -$66.0K | -$1.1M |
| Net proceeds from common stock issued in private placement transactions | $0 | $15.0M |
| Payment of debt issuance costs | $0 | -$633.0K |
| Payment of debt extinguishment costs | $0 | -$220.0K |
| Net cash provided by financing activities | $3.7M | $42.7M |
| Decrease in Cash and Restricted Cash | -$7.2M | -$31.9M |
| Cash paid for interest | $661.0K | $2.0M |
| Cash received for income taxes | -$27.0K | -$100.0K |
| Change in accrued purchases for property and equipment | $949.0K | $6.2M |
| Purchase of property and equipment through note payable | $0 | $1.0M |
Former names
- Advanced Emissions Solutions, Inc.Mar 14, 2011 to Jan 31, 20242
Recent filings
- Sep 17, 2026S-8
- Sep 10, 20264
- Sep 9, 20264
- Sep 8, 20264
- Sep 3, 20264
- Aug 28, 20268-K
- Aug 18, 20264
- Aug 10, 202610-Q
- Aug 10, 20268-K
- Aug 4, 20263
- Aug 4, 20264
- Aug 4, 20264
- Aug 4, 20264
- Jul 23, 20268-K
- Jul 23, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARArq, Inc. filings on SEC EDGAR
- 2SEC EDGARArq, Inc. filings on SEC EDGAR
- 3SEC EDGARArq, Inc. 10-K for fiscal 2025
- 4SEC EDGARArq, Inc. 10-K for fiscal 2025
- 5SEC EDGARArq, Inc. 10-K for fiscal 2019
- 6SEC EDGARArq, Inc. 10-K for fiscal 2020
- 7SEC EDGARArq, Inc. 10-K for fiscal 2022
- 8SEC EDGARArq, Inc. 10-K for fiscal 2023
- 9SEC EDGARArq, Inc. 10-K for fiscal 2021
- 10SEC EDGARArq, Inc. 10-Q for fiscal 2026