Pricing Log in Create free account
Saturday 17 October 2026 Export ARQ’s income statement to Excel — free account

Arq, Inc.

ARQ Industrials Pollution & Treatment Controls

Arq, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $120.3 million, up 10.4% from fiscal 2024. In the quarter to June 2026, revenue grew 4.54%, EPS grew 60.0%, free cash flow grew 46.2% and total debt rose 6.99%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.

1.79 0.07 −3.76%
Market cap
$81.0M
P/E
0.0×
Fwd P/E
78.0×
Dividend yield
—
F-score
3/9
Altman Z
1.16
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.91
Total sells 0.04
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 3 — — — 4 — — — — — 3 —
Sell — — — — — — 1 — — — — —
Insider Ownership 24.45%

Capital & Financial Ratios $m

Market Cap 81.00
Revenue 123.44
Net Income (52.08)
Free Cash Flow (0.11)
Net Debt 29.80
Current Ratio 1.03
Debt/Equity 0.18 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 78.00 (above 35: high)
P/S ratio 0.61
P/B ratio 0.45
Past 5Y EPS Growth —
This Y EPS Growth 99.15% (at or above 15%: strong)
Next Y EPS Growth 253.56% (at or above 15%: strong)
Next Y revenue growth 3.13%
Next 5Y EPS Growth 82.62% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 1.9×; over the ten years it ranged from −0.2× in 2022 to 13.1× in 2018.
P/S against its own 10 years 9.80%
10-year low 10-year high
P/B against its own 10 years 12.52%
10-year low 10-year high
EV/Sales against its own 10 years 17.86%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2022 Powerpack
2021 Powerpack
2020 0.25
0.25
2019 1.00
0.25
0.25
0.25
0.25
2018 1.00
0.25
0.25
0.25
0.25
2017 0.75
0.25
0.25
0.25
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 45 14 7 1
Receivables — — — 20
Inventory 20 19 16 19
Other — — — —
86 52 44 47
2023 2024 2025 Q'26
Payables 15 21 15 15
ST’ Debt 3 15 20 23
Other 6 8 7 8
23 45 42 46

Compound Annual Growth %

10y 5y 3y
Sales 6.73% 12.30% 5.33%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 14.54% 6.26%

Revenue $m

Mar Jun Sep Dec Year
’26 29 30 — — —
’25 27 29 35 29 120
’24 22 25 35 27 109
’23 21 20 30 28 99
’22 26 25 28 23 103
’21 23 21 31 26 100
’20 12 11 19 24 67
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 0 (3) — — —
’25 (6) 1 5 (3) (3)
’24 1 (3) 8 5 10
’23 (18) (3) 0 4 (17)
’22 2 0 (1) (6) (6)
’21 22 (4) 7 1 26
’20 13 11 11 19 54
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 0 (3) — — —
’25 (10) (5) 5 (2) (3)
’24 (9) (22) 36 5 11
’23 (21) (10) (7) (6) (44)
’22 1 (1) (5) (9) (14)
’21 21 (7) 6 1 21
’20 12 8 10 17 47
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.02) (0.02) — — —
’25 0.00 (0.05) (0.02) (1.20) (1.27)
’24 (0.09) (0.06) 0.04 (0.03) (0.14)
’23 (0.32) (0.21) (0.07) 0.10 (0.42)
’22 (0.17) (0.02) (0.13) (0.17) (0.48)
’21 0.75 0.90 1.31 0.31 3.27
’20 (0.11) (1.32) 0.27 0.02 (1.12)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 3.20 7.65 7.00 9.17 3.52 4.60 2.11 1.17 2.50 3.18

Analyst estimates 2026–2028

Powerpack
High 9.89 12.25 12.37 15.34 12.63 8.41 7.25 3.78 8.26 7.89
People
People Employees 25 29 128 133 136 139 147 173 203 205
Revenue/emp, $m 2.02 1.56 0.19 0.53 0.50 0.72 0.70 0.57 0.54 0.59
Income, $m
Income, $m Revenue 51 45 24 70 67 100 103 99 109 120
Gross margin, % 21.34 29.71 73.89 29.45 25.18 34.62 21.87 32.12 36.20 27.87
EBT 37 52 46 48 (14) 76 (9) (12) (5) (53)
EBT margin, % 72.58 114.68 191.59 67.83 (20.47) 75.85 (8.46) (12.20) (4.84) (43.71)
Net income 98 28 35 36 (20) 60 (9) (12) (5) (53)
Depreciation 5 1 1 9 10 9 6 11 9 57
Per share, $
Per share, $ Revenue 2.31 2.12 1.20 3.86 3.73 5.49 5.58 3.41 3.02 2.90
Earnings 4.40 1.30 1.78 1.96 (1.12) 3.31 (0.48) (0.42) (0.14) (1.27)
Cash flow (0.83) (0.55) (0.50) 3.43 3.00 1.42 (0.33) (0.57) 0.29 (0.07)
Capex (0.01) (0.02) (0.02) (0.43) (0.37) (0.29) (0.42) (0.95) 0.00 0.00
Free cash flow (0.84) (0.57) (0.52) 3.00 2.62 1.13 (0.74) (1.52) 0.29 (0.07)
Book value 3.47 3.44 3.41 5.97 4.72 8.07 7.59 6.13 6.03 4.05
Shares, m 22 21 20 18 18 18 18 29 36 42
Valuation, ×
Valuation, × P/E 2.14 7.31 5.96 5.36 0.00 1.99 0.00 0.00 0.00 0.00
P/S 4.13 4.47 8.77 2.72 1.47 1.21 0.42 0.84 2.50 1.13
P/B 2.75 2.76 3.09 1.76 1.16 0.82 0.31 0.46 1.26 0.81
EV/Sales 3.90 4.14 11.09 3.18 1.37 0.46 (0.18) 0.59 2.61 1.31
EV/FCF (10.69) (15.41) (25.64) 4.10 1.95 2.24 1.33 (1.32) 26.74 (13.12)
Cash, $m
Cash, $m Operating cash flow (18) (12) (10) 62 54 26 (6) (17) 10 (3)
Capex 0 0 0 (8) (7) (5) (8) (28) 0 0
Free cash flow (18) (12) (10) 54 47 21 (14) (44) 11 (3)
Balance, $m
Balance, $m Working capital 15 30 19 8 19 86 82 63 8 2
Total debt — — 74 44 24 4 5 21 25 28
Net debt (27) (31) 56 32 (7) (75) (62) (24) 11 22
Shareholders’ equity 76 73 68 108 85 147 140 178 217 168
Returns, %
Returns, % ROA 116.23 29.35 29.27 21.31 (12.67) 36.37 (4.86) (5.88) (1.97) (20.43)
ROIC (20.44) (6.05) (3.24) (6.62) (32.77) 4.17 (9.65) (5.41) (0.54) (17.43)
ROE 381.65 37.26 50.15 40.33 (20.98) 51.96 (6.21) (7.69) (2.58) (27.31)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Arq, Inc. vs peers in Pollution & Treatment Controls (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ADUR Aduro Clean Technologies Inc. $357.0M — (loss-making) — −97.97% (below 0%: shrinking) n/m +31.19% (above 0%: growing) 100.00% (309,633.33%) Compare
ERII Energy Recovery, Inc. $338.9M 22.9× — (loss-making) −57.24% (below 0%: shrinking) n/m +284.72% (above 0%: growing) 74.67% (49.05%) Compare
ARQ Arq, Inc. $81.0M — (loss-making) 78.0× +4.54% (above 0%: growing) n/m +46.21% (above 0%: growing) 38.52% (0.23%)
ZONE Zone Frontier Inc. $60.6M — (loss-making) — −0.40% (below 0%: shrinking) n/m −2,753.59% (below 0%: shrinking) 49.85% (1,129.57%) Compare
FTEK Fuel Tech, Inc. $44.3M — (loss-making) — (loss-making) +16.68% (above 0%: growing) n/m −1,603.51% (below 0%: shrinking) 41.25% (24.13%) Compare
SCWO 374Water Inc. $43.9M — (loss-making) — +280.17% (above 0%: growing) n/m +85.28% (above 0%: growing) 87.67% (71.70%) Compare
BCHT Birchtech Corp. $31.8M — (loss-making) — (loss-making) +16.50% (above 0%: growing) n/m −68.00% (below 0%: shrinking) 27.24% (42.81%) Compare
CLIR ClearSign Technologies Corporation $16.7M — (loss-making) — (loss-making) +321.05% (above 0%: growing) n/m −137.48% (below 0%: shrinking) 40.71% (267.50%) Compare
LIQT LiqTech International, Inc. $12.3M — (loss-making) — (loss-making) −11.98% (below 0%: shrinking) n/m −99.23% (below 0%: shrinking) 8.38% (53.44%) Compare
Median of peers $44.1M — — +8.05% — −83.61% 45.55% (62.57%)

All 18 Pollution & Treatment Controls stocks →

Arq, Inc. (ARQ) key facts

  • Strength: Arq, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $120.3 million, up 10.4% from fiscal 2024.
  • Arq, Inc. (ARQ) is a Pollution & Treatment Controls company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, ARQ traded at $1.79, a market capitalization of $81.0 million.
  • Return on equity was −27.3% and debt-to-equity 0.18.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.16 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Arq, Inc. (ARQ) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/ARQ · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com