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Arq, Inc.

ARQ

Arq, Inc. is an environmental technology company that specializes in the production and sale of consumable air, water, and soil treatment solutions.

Market cap
$85.42M-62.0%
Revenue$122.1M+6.7%
Net income-$53.7M-3,508%
Free cash flow-$15.1M+79.8%
EPS (diluted)-$1.30-2,500%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$28.6M
EPS estimate$0.01

Financials

Q1 2026

Income statement

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Revenue$29.1M+6.6%
Gross profit$9.9M+0.2%
Operating income-$982.0K-248%
Net income-$842.0K-515%
EPS (diluted)-$0.02

Balance sheet

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Cash & equivalents$15.9M+7.1%
Total debt$60.6M+8.0%
Total equity$167.8M-23.1%
Total assets$232.1M-18.2%

Cash flow

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Operating cash flow$64.0K+101%
CapEx$740.0K-80.1%
Free cash flow-$676.0K+92.9%

Valuation & ratios

Valuation

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Market cap$85.42M-62.0%
Enterprise value$130.14M-54.4%
P/S0.7×-1.4×

Profitability

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Gross margin27.5%-8.6pp
Operating margin-44.7%
Net margin-43.9%-45.3pp

Returns & leverage

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Return on equity-27.8%-28.6pp
Debt / equity0.4×+0.1×
Current ratio-0.1×

Segments

By geography

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United States$26.2M+6.4%
Canada$2.9M+8.8%

Competitors

Profile

Arq, Inc. is an environmental technology company that specializes in the production and sale of consumable air, water, and soil treatment solutions. The company's core value proposition centers on its proprietary activated carbon products, which enable industrial and municipal customers to remove contaminants such as mercury and PFAS to comply with environmental regulations. Arq maintains a vertically integrated supply chain through its own lignite coal mine, providing a stable feedstock for its purification technologies.

Competitive position

Arq is a leading provider of mercury control consumables in North America, leveraging a vertically integrated domestic supply chain to maintain a cost and reliability advantage.

GeographiesUnited States, Canada, European Union
Customer segmentsUtilities, Municipalities, Industrial Enterprises
Business modelManufacturing, Consumables, Vertically Integrated Mining
SuppliersLignite coal mining operations, Bituminous coal fines, Chemical additives, Thermal oxidizer equipment, Third-party mining operators
CustomersElectric utility steam generating units, Drinking water utilities, Wastewater treatment facilities, Asphalt manufacturers, Synthetic graphite producers
Listed2003
Employees173.0
CEORobert E. Rasmus
Websitearq.com
FilingsSEC EDGAR

Questions, answered.

What is Arq, Inc.'s market cap?
Arq, Inc. (ARQ) has a market capitalization of $85.4M and trades on NASDAQ.
What is Arq, Inc.'s revenue and profitability?
Arq, Inc. generated $122.1M in trailing twelve-month revenue with a net loss of $53.7M, representing a net margin of -43.9%. Gross margin stands at 27.5%, with free cash flow of -$15.1M. These figures are based on the Q1 2026 filing.
Who are Arq, Inc.'s competitors?
Arq, Inc.'s key competitors include PureCycle Technologies, Inc. Common stock, Ingevity Corporation, Entegris Inc, and others. These companies compete in similar markets and product categories.
Who does Arq, Inc. partner with?
Arq, Inc.'s notable partners include North American Coal Company, MidCap Funding IV Trust.
What subsidiaries does Arq, Inc. have?
Arq, Inc.'s subsidiaries include ADA-ES, Inc., ADA Carbon Solutions, LLC, Arq Limited.
Where is Arq, Inc. headquartered?
Arq, Inc. is headquartered in United States of America and employs approximately 173 people. It has been publicly traded since 2003.