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Arq, Inc. logo

Arq, Inc.

ARQ

NASDAQIndustrialsIndustrial - Pollution & Treatment Controls

Open in GoAI

Previous close

$2.30

+$0.04 · +1.77%

Aug 21, 4:00 PM ET

ARQ company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

24

Weakening

Sentiment

42

Mixed

Risk resilience

12

Extreme Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Operating throughout North America, Arq, Inc. is a specialized manufacturer of activated carbon materials. Their product range encompasses various types of activated carbon, specifically granular, powdered, and colloidal forms. Additionally, they provide Arq Powder Wetcake, which is a finely processed, low-ash particle originating from coal waste, along with additives formulated for managing air pollution. These versatile products find application in numerous sectors, including water purification, remediation of contaminated groundwater, enhancing soil composition, controlling atmospheric discharges, and as components in asphalt mixtures. Established in 1996, the company rebranded as Arq, Inc. in February 2024, having previously been known as Advanced Emissions Solutions, Inc. Its corporate headquarters are located in Greenwood Village, Colorado.

Industry
Industrial - Pollution & Treatment Controls
Sector
Industrials
Headquarters
US
CEO
Robert E. Rasmus
Listed since
Jan 23, 2004
Employees
202

Market position

Day range

Current $2.30

52-week range

Current $2.30

Open
$2.29
Previous close
$2.26
Volume
139.05K
0.43× average
Average volume
320.62K
Average daily volume
Market cap
98.73M USD
Beta
2.85
Market reference 1
50-day average
$2.2646
+1.56% above average
200-day average
$2.8795
-20.12% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
166.6M USD
P/E (TTM)
-1.83×
P/B (TTM)
0.58×
P/S (TTM)
0.8×
EV / EBITDA
-4.34×
Earnings yield
-38.75%
Free cash flow yield
-8.14%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
28.80%
Operating margin
-6.79%
Net margin
-42.33%
Return on equity
-31.32%
Return on assets
-22.82%
Return on invested capital
-3.84%

Financial health

Debt / equity
0.1×
Current ratio
1.04×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends71%29%-13%-54%Gross margin, FY2021: 34.62%Gross margin, FY2022: 21.87%Gross margin, FY2023: 32.12%Gross margin, FY2024: 36.20%Gross margin, FY2025: 27.87%Operating margin, FY2021: 4.84%Operating margin, FY2022: -11.72%Operating margin, FY2023: -13.44%Operating margin, FY2024: -1.80%Operating margin, FY2025: -6.74%Net margin, FY2021: 60.22%Net margin, FY2022: -8.66%Net margin, FY2023: -12.35%Net margin, FY2024: -4.69%Net margin, FY2025: -43.72%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.62%. Gross margin FY2022 21.87%. Gross margin FY2023 32.12%. Gross margin FY2024 36.20%. Gross margin FY2025 27.87%. Operating margin FY2021 4.84%. Operating margin FY2022 -11.72%. Operating margin FY2023 -13.44%. Operating margin FY2024 -1.80%. Operating margin FY2025 -6.74%. Net margin FY2021 60.22%. Net margin FY2022 -8.66%. Net margin FY2023 -12.35%. Net margin FY2024 -4.69%. Net margin FY2025 -43.72%.

Income trends

Revenue

120.34M USD+10.44%

Operating income

−8.11M USD-313.78%

Net income

−52.61M USD-929.75%
Income trends across reported periods137.63M USD68.45M USD−726.2K USD−69.9M USDRevenue, FY2021: 100.29M USDRevenue, FY2022: 102.99M USDRevenue, FY2023: 99.18M USDRevenue, FY2024: 108.96M USDRevenue, FY2025: 120.34M USDOperating income, FY2021: 4.85M USDOperating income, FY2022: −12.07M USDOperating income, FY2023: −13.34M USDOperating income, FY2024: −1.96M USDOperating income, FY2025: −8.11M USDNet income, FY2021: 60.4M USDNet income, FY2022: −8.92M USDNet income, FY2023: −12.25M USDNet income, FY2024: −5.11M USDNet income, FY2025: −52.61M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 100.29M USD. Revenue FY2022 102.99M USD. Revenue FY2023 99.18M USD. Revenue FY2024 108.96M USD. Revenue FY2025 120.34M USD. Operating income FY2021 4.85M USD. Operating income FY2022 −12.07M USD. Operating income FY2023 −13.34M USD. Operating income FY2024 −1.96M USD. Operating income FY2025 −8.11M USD. Net income FY2021 60.4M USD. Net income FY2022 −8.92M USD. Net income FY2023 −12.25M USD. Net income FY2024 −5.11M USD. Net income FY2025 −52.61M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue120.34M USD108.96M USD99.18M USD102.99M USD100.29M USD
Cost of goods sold86.8M USD69.52M USD67.32M USD80.47M USD65.58M USD
Gross profit33.53M USD39.44M USD31.86M USD22.52M USD34.72M USD
Research and development7.34M USD4.05M USD———
Selling, general, and administrative22.55M USD28.7M USD37.38M USD28.14M USD24.64M USD
Operating expenses41.64M USD41.4M USD45.2M USD34.59M USD29.87M USD
Interest income—1.1M USD1.85M USD239K USD326K USD
Interest expense2.45M USD3.26M USD3.01M USD336K USD1.49M USD
Depreciation and amortization11.75M USD8.59M USD10.54M USD6.42M USD7.93M USD
Operating income−8.11M USD−1.96M USD−13.34M USD−12.07M USD4.85M USD
Net income−52.61M USD−5.11M USD−12.25M USD−8.92M USD60.4M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 5 misses, 3 met estimates
Average EPS surprise
-203.29%
11 comparable reports
Latest EPS result
-0.02
Estimate -0.01 · Miss by 42.86%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.14-0.34-0.82-1.3Q1 '25MetQ2 '25BeatQ3 '25MetQ4 '25MissQ1 '26MissQ2 '26MetQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual -0.03, estimate -0.03, surprise 0.00%, Met estimate. Q2 2025, reported May 7, 2025: actual 0.005, estimate -0.03, surprise +115.90%, Beat. Q3 2025, reported Aug 11, 2025: actual -0.01, estimate -0.01, surprise 0.00%, Met estimate. Q4 2025, reported Nov 5, 2025: actual -0.02, estimate 0.02, surprise -200.00%, Miss. Q1 2026, reported Mar 9, 2026: actual -1.2, estimate -0.05, surprise -2300.00%, Miss. Q2 2026, reported May 6, 2026: actual -0.02, estimate -0.02, surprise 0.00%, Met estimate. Q3 2026, reported Aug 10, 2026: actual -0.02, estimate -0.014, surprise -42.86%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.04, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates36.64M32.35M28.07M23.79MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual 27.04M USD, estimate 28.34M USD, surprise -4.59%, Miss. Q2 2025, reported May 7, 2025: actual 27.25M USD, estimate 25.2M USD, surprise +8.12%, Beat. Q3 2025, reported Aug 11, 2025: actual 28.58M USD, estimate 26.22M USD, surprise +9.03%, Beat. Q4 2025, reported Nov 5, 2025: actual 35.07M USD, estimate 28.59M USD, surprise +22.68%, Beat. Q1 2026, reported Mar 9, 2026: actual 29.43M USD, estimate 28.61M USD, surprise +2.88%, Beat. Q2 2026, reported May 6, 2026: actual 29.05M USD, estimate 27.82M USD, surprise +4.44%, Beat. Q3 2026, reported Aug 10, 2026: actual 29.88M USD, estimate 28.57M USD, surprise +4.60%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 35.23M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$7.50

226.09% upside
Past 12 months12-month forecastHigh $7.50Average $7.50Low $7.50

Rating distribution

4 ratings

Limited analyst sample: 4 ratings. Interpret the distribution with caution.

Strong buy00%
Buy250%
Hold250%
Sell00%
Strong sell00%

Recent analyst actions

2 institutions
Clear StreetmaintainBuy

ARQ news

seekingalpha.com

Arq: Legacy Powdered Activated Carbon Business Back In Focus - Hold

Arq reported mixed second-quarter results with a small top line beat offset by weaker-than-expected profitability and persistently negative free cash flow. The company reiterated full-year guidance with revenues expected…

Read source
newsfilecorp.com

Argo's June Oil Production

Toronto, Ontario--(Newsfile Corp. - August 13, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") June 2026 oil production was 2,159 barrels,…

Read source
seekingalpha.com

Arq, Inc. (ARQ) Q2 2026 Earnings Call Transcript

Arq, Inc. (ARQ) Q2 2026 Earnings Call Transcript

Read source
zacks.com

Arq, Inc. (ARQ) Reports Break-Even Earnings for Q2

Arq, Inc. (ARQ) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to a loss of $0.01 per share a year ago.

Read source
globenewswire.com

Arq Schedules Second Quarter 2026 Earnings Conference Call

GREENWOOD VILLAGE, Colo., July 21, 2026 (GLOBE NEWSWIRE) -- Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products for use in purification and…

Read source
newsfilecorp.com

Argo's May Oil Production

Toronto, Ontario--(Newsfile Corp. - July 16, 2026) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") May 2026 oil production was 2,514 barrels,…

Read source

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ETFs holding ARQ

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
2.08M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
734.01K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Dimensional - US Small Cap ETF logoDimensional - US Small Cap ETFDFAS
Market value
139.02K
Weight
0.00%
AUM
15.92B USD
Expense ratio
0.26%
Price / 1D
$83.02+0.73%
Dimensional - US Core Equity 2 ETF logoDimensional - US Core Equity 2 ETFDFAC
Market value
91.44K
Weight
0.00%
AUM
49.31B USD
Expense ratio
0.17%
Price / 1D
$45.61+0.46%
U.S. Micro Cap Portfolio ETF logoU.S. Micro Cap Portfolio ETFDFMC
Market value
23.46K
Weight
0.00%
AUM
8.06B USD
Expense ratio
0.43%
Price / 1D
$60.95+0.73%

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