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ARQArq, Inc.
$2.21$95M
Overview & Verdict
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ARQ logoArq, Inc.(ARQ)Earnings, Financials & Key Ratios

ARQ•NASDAQ
$2.21
Price updated Jul 7, 2026
SectorIndustrialsIndustryEnvironmental ServicesSub-IndustryFiltration and Flow Control Components
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%

ARQ Price & Volume

Arq, Inc. (ARQ) stock price & volume — 10-year historical chart

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Strategic Pivot Pressures Liquidity and Margins

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and operational execution

Key Thesis Takeaways

  • Arq, Inc.
  • is currently navigating a high-stakes transition toward higher-value GAC production, yet the company faces significant headwinds as it struggles to achieve consistent profitability.
  • While the pivot aims to capture growth in water treatment markets, the persistent volatility in operating margins and the rapid depletion of cash reserves create substantial execution risk.
  • Investors should monitor whether the company can achieve sustainable cash-flow break-even before its current liquidity position, which has dwindled to $4.7M, necessitates further dilutive financing.

Verdict Logic

the company's precarious financial position, highlighted by a cash balance of only $4.7M and a negative operating margin of 3.4% in 2026Q1, suggests that the risks of further dilution or liquidity shortfalls currently outweigh the potential upside of the strategic pivot.

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

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$0.02+0.0%
$0.02
Rev
$29M+4.4%
$28M
Q2 2026
Mar 9, 2026
Metric
Actual
Est
EPS
$0.07-40.0%
$0.05
Rev
$29M+2.9%
$29M
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.02-200.0%
$0.02
Rev
$35M+22.7%
$29M
Q3 2025
Aug 11, 2025
Metric
Actual
Est
EPS
$0.01+0.0%
$0.01
Rev
$29M+11.8%
$26M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$0.02vs $0.02+0.0%
$29Mvs $28M+4.4%
Q2 2026Mar 9, 2026
$0.07vs $0.05-40.0%
$29Mvs $29M+2.9%
Q4 2025Nov 5, 2025
$0.02vs $0.02-200.0%
$35Mvs $29M+22.7%
Q3 2025Aug 11, 2025
$0.01vs $0.01+0.0%
$29Mvs $26M+11.8%
Based on last 12 quarters of dataView full earnings history →

Latest ARQ News

Recent stock market news and headlines for Arq, Inc. (ARQ)

Newsfile Corp·4 days ago
Argo to Renew Its Normal Course Issuer Bid

Toronto, Ontario--(Newsfile Corp. - July 3, 2026) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") announces that it intends to renew its normal course issuer bid ("NCIB") to purchase for cancellation, from time to time over a 12-month period starting July 3, 2026, common shares ("Common Shares") of the Company in an aggregate amount of up to 2,701,820 Common Shares, representing 5 percent of Argo's issued and outstanding Common Shares. The NCIB will end on July 2, 2027, unless the maximum number of Common Shares is purchased before then or Argo provides earlier notice of termination.

Newsfile Corp·Jun 23, 2026
Argo Gold Retracts Resource Estimates

Toronto, Ontario--(Newsfile Corp. - June 23, 2026) - Argo Gold Inc. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") (the "Company" or "Argo Gold") announces that it has removed from the company's website the company's in-house resource estimates for the Uchi Gold Project and the Talbot Lake Gold Project. Argo Gold has never press released these in-house resource estimates.

Peers Comparison

Key metrics vs top competitors for Arq, Inc. (ARQ)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ARQ logoARQArq, Inc.Current
$2.21$94.76M-1.7410.44%-43.72%-27.31%—
CECO logoCECOCECO Environmental Corp.
$78.84$2.83B57.5538.79%2.11%5.45%—
MERC logoMERCMercer International Inc.
$0.68$45.27M-0.09-8.58%-28.51%-242.96%—
CLNE logoCLNEClean Energy Fuels Corp.
$2.13$469.08M-2.112.56%-22.65%-17.17%—
GEVO logoGEVOGevo, Inc.
$1.46$355.38M-10.43849.33%-19.38%-7.19%—
AMTX logoAMTXAemetis, Inc.
$1.77$120.62M-1.38-22.29%-35.43%——

Compare ARQ vs Peers

Arq, Inc. (ARQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CECO

Most directly comparable listed peer for ARQ.

Scale Benchmark

vs BTU

Larger-name benchmark to compare ARQ against a more recognizable public peer.

Peer Set

Compare Top 5

vs CECO, MERC, CLNE, GEVO

ARQ SEC Filings & Documents

Arq, Inc. (ARQ) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

May 1, 2026·SEC

Material company update

Apr 17, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 10, 2026·SEC

FY 2025

Mar 5, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 11, 2025·SEC

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ARQ Frequently Asked Questions

Arq, Inc. (ARQ) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Arq, Inc.'s revenue?

Arq, Inc. (ARQ) reported $122.1M in revenue for fiscal year 2025. This represents a 141% increase from $50.6M in 2016.

How fast is Arq, Inc. growing?

Arq, Inc. (ARQ) grew revenue by 10.4% over the past year. This is steady growth.

Is ARQ profitable?

Arq, Inc. (ARQ) reported a net loss of $53.7M for fiscal year 2025.

Dividend & Returns
What is ARQ's return on equity?

Arq, Inc. (ARQ) has a return on equity (ROE) of -27.3%. Negative ROE indicates the company is unprofitable.

What is Arq, Inc.'s free cash flow?

Arq, Inc. (ARQ) had negative free cash flow of $2.9M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in ARQ back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

See returns →