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Companies / Materials / Arq, Inc.
ARQ

Arq, Inc.

MaterialsChemicals
Ticker ARQGREENWOOD VILLAGE, COFiscal year ends DecemberBook value per share $4.02Diluted shares 42.7M

Arq, Inc. (Nasdaq: ARQ) is an environmental technology company that manufactures and sells activated carbon and other treatment chemicals for removing contaminants from air, water and soil. Its products include powdered and granular activated carbon and colloidal carbon, used by coal-fired power plants, industrial… From the company’s description.

Over the twelve months to Sep 30, 2026, Arq, Inc. reported revenue of $126.58M, up 7.3% from a year earlier, and a net loss of $49.40M. Its operating margin was −39.1%, and operations generated $4.93M in cash. In fiscal 2025, it reported revenue of $120.34M, up 10.4% from fiscal 2024, and a net loss of $52.61M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$120.34MFY2025
+10.4% year over year
Last 12 mo $126.58M
-44.01%FY2025
−42.2 percentage points
Last 12 mo -39.06%
$-52.61MFY2025
−929.8% year over year
Last 12 mo $-49.40M
-4.68%FY2025
−2.3 percentage points
Last 12 mo -28.73%
Cash & financing
$-2.73MFY2025
−126.1% year over year
Last 12 mo $4.93M
$-11.31MFY2025
+84.9% year over year
Last 12 mo $1.39M
0.17FY2025
Was 0.11× a year earlier
Last 12 mo 0.16
41.5MFY2025
+15.2% year over year
Last 12 mo 42.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Arq, Inc. does

In the company’s own words

Arq, Inc. (Nasdaq: ARQ) is an environmental technology company that manufactures and sells activated carbon and other treatment chemicals for removing contaminants from air, water and soil. Its products include powdered and granular activated carbon and colloidal carbon, used by coal-fired power plants, industrial companies, municipal and industrial water treatment facilities, and remediation customers. Applications include mercury control, drinking water and wastewater treatment, gas purification, and contaminated soil and groundwater treatment. Arq operates as one business focused on advanced purification technologies, with a vertically integrated supply of lignite from its Five Forks Mine supporting production of powdered activated carbon. Its Red River Plant manufactures activated carbon, while its Corbin, Kentucky facility processes recovered coal fines; the company has paused granular activated carbon production and idled the Corbin facility. Arq employed 202 people across four facilities as of December 31, 2025. Its website is www.arq.com.

Company details
Sector
Materials
Industry (SIC)
Chemicals
Headquarters
GREENWOOD VILLAGE, CO
Fiscal year end
December
CIK
1515156
SIC
2890

Financial performance, year by year

Fiscal 2012–2025 · USD
$-70.53M$-16.77M$36.98M$90.74M$144.49M20122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Arq, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

68
funds hold it
0 of 35
superinvestors hold it
$11.38M
held by funds, at market
10.2%
of shares held by funds

Largest fund holders · Arq, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.16%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Arq, Inc. and its peers compare on margins and cash generation over ten years?”
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