Arq, Inc. (ARQ) Financial Statements
Industry: Miscellaneous Chemical Products
In fiscal 2025, Arq reported revenue of $120.3M, up 10.4% from $109.0M the year before. Net income was -$52.6M (a -43.7% net margin), or -$1.27 per diluted share. Gross margin was 27.9% and operating margin was -44.0%. Operating activities generated -$2.7M of cash, leaving -$11.3M of free cash flow. At fiscal year end, Arq held $230.6M in total assets against $62.6M in total liabilities, including $6.6M of cash and equivalents.
Open the full interactive Arq financials → Quarterly statements, key ratios, valuation history and price charts.
Arq Key Stats
| Share Price | $1.97 |
|---|---|
| Market Cap | $82.9M |
| Revenue YoY Growth | +10.4% |
| 52-Week Range | $1.64 – $7.21 |
| Shares Outstanding | 42.1 million (basic, 2026 Q2) |
Arq Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $61.6M | $100.3M | $103.0M | $99.2M | $109.0M | $120.3M |
| Cost of Goods Sold | $10.7M | $16.9M | — | — | $69.5M | $86.8M |
| Gross Profit | $50.9M | $83.4M | — | — | $39.4M | $33.5M |
| Operating Income | -$41.0M | $4.9M | -$12.1M | -$13.3M | -$2.0M | -$53.0M |
| Pre-Tax Income | -$13.8M | $76.1M | -$8.7M | -$12.1M | -$5.3M | -$52.6M |
| Income Tax | $6.5M | $15.7M | $209,000 | $153,000 | -$164,000 | $12,000 |
| Net Income | -$20.3M | $60.4M | -$8.9M | -$12.2M | -$5.1M | -$52.6M |
| Diluted EPS | -$1.12 | $3.27 | -$0.48 | -$0.42 | -$0.14 | -$1.27 |
Arq Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $35.1M | $29.4M | $29.1M | $29.9M |
| Net Income | -$653,000 | -$50.0M | -$842,000 | -$733,000 |
| Diluted EPS | -$0.02 | -$1.20 | -$0.02 | -$0.02 |
Arq Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | — | $66.4M | $45.4M | $13.5M | $6.6M |
| Current Assets | $62.0M | $108.4M | $105.7M | $86.5M | $52.4M | $43.9M |
| Total Assets | $146.7M | $185.4M | $181.2M | $235.5M | $284.4M | $230.6M |
| Current Liabilities | $42.5M | $22.6M | $23.9M | $23.0M | $44.7M | $42.3M |
| Total Long-Term Debt | $23.9M | $4.2M | $3.5M | $20.9M | $24.8M | $28.5M |
| Total Liabilities | $61.5M | $38.1M | $41.2M | $57.1M | $67.1M | $62.6M |
| Shareholders' Equity | $85.2M | $147.3M | $140.0M | $178.4M | $217.3M | $168.0M |
Arq Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $54.5M | $26.0M | -$6.1M | -$16.7M | $10.5M | -$2.7M |
| Cash From Investing | -$7.9M | $44.4M | -$4.6M | -$28.5M | -$85.1M | -$8.2M |
| Cash From Financing | -$27.7M | -$17.5M | -$1.7M | $22.9M | $42.7M | $3.7M |
| Free Cash Flow | $47.8M | $19.8M | -$15.0M | -$44.2M | -$74.7M | -$11.3M |
| Dividends Paid | $5.0M | $93,000 | $45,000 | $0 | — | — |
Figures from Arq's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Arq financials page for every line item.
Arq Company Profile
| Ticker | ARQ |
|---|---|
| Exchange | Nasdaq |
| Industry | Miscellaneous Chemical Products |
| Headquarters | Greenwood Village, Colorado |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001515156 |
Frequently Asked Questions
What was Arq's revenue in fiscal 2025?
Arq (ARQ) reported revenue of $120.3M for fiscal 2025.
What is Arq's annual revenue history?
Arq's annual revenue by fiscal year: 2020: $61.6M; 2021: $100.3M; 2022: $103.0M; 2023: $99.2M; 2024: $109.0M; 2025: $120.3M.
What was Arq's net income in fiscal 2025?
Arq reported net income of -$52.6M for fiscal 2025.
What was Arq's earnings per share (EPS) in fiscal 2025?
Arq's diluted EPS was -$1.27 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Arq generate in fiscal 2025?
Arq generated -$11.3M of free cash flow in fiscal 2025.
What was Arq's revenue last quarter?
In its most recent reported quarter (2026 Q2), Arq reported revenue of $29.9M.
How much debt does Arq have?
Arq reported $28.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Arq are outstanding?
Arq reported a weighted average of 42.1 million basic shares outstanding in 2026 Q2.
What is Arq's market cap?
Based on its latest closing price, Arq (ARQ) has a market capitalization of about $82.9M.
When does Arq's fiscal year end?
Arq's fiscal year end, as registered with the SEC, is December 31.
Where is Arq headquartered?
Arq lists its business address in Greenwood Village, Colorado in its SEC filings.