Symbols / ARQ Stock $2.21 -2.64% Arq, Inc.

Industrials • Pollution & Treatment Controls • United States • NGM
ARQ (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Industrials
Industry Pollution & Treatment Controls
CEO Mr. Robert E. Rasmus
Exch · Country NGM · United States
Market Cap 94.70M
Enterprise Value 128.09M
Income -52.61M
Sales 120.34M
FCF (ttm) -6.35M
Book/sh 3.93
Cash/sh 0.15
Employees 201
Insider 10d —
IPO Jan 23, 2004
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 66.31
PEG 11.75
P/S 0.79
P/B 0.56
P/C —
EV/EBITDA 35.18
EV/Sales 1.06
Quick Ratio 0.51
Current Ratio 1.04
Debt/Eq 22.26
LT Debt/Eq —
EPS (ttm) -1.27
EPS next Y 0.03
EPS Growth —
Revenue Growth 8.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-06
Earnings (prior) 2026-03-10
ROA -1.97%
ROE -27.31%
ROIC —
Gross Margin 32.02%
Oper. Margin -22.06%
Profit Margin -43.72%
Shs Outstand 42.85M
Shs Float 30.17M
Insider Own 23.67%
Instit Own 39.85%
Short Float 4.63%
Short Ratio 2.03
Short Interest 1.53M
52W High 7.89
vs 52W High -71.99%
52W Low 1.54
vs 52W Low 43.51%
Beta 3.49
Impl. Vol. 2.53%
Rel Volume 0.10
Avg Volume 836.70K
Volume 87.25K
Target (mean) $3.62
Tgt Median $3.25
Tgt Low $3.00
Tgt High $5.00
# Analysts 4
Recom Strong_buy
Prev Close $2.27
Price $2.21
Change -2.64%
About

Arq, Inc., an environmental technology company, engages in the sale of consumable air, water, and soil treatment solutions based on activated carbon in the United States and Canada. Its products include granular activated carbon, powdered activated carbon, and colloidal carbon products; and additives for air emissions control. The company's products are used in various applications, including water treatment, ground water remediation, soil sediments, air emissions, and asphalt additives. The company was formerly known as Advanced Emissions Solutions, Inc. and changed its name to Arq, Inc. in February 2024. Arq, Inc. was founded in 1997 and is headquartered in Greenwood Village, Colorado.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.63
Mean price target
2. Current target
$2.21
Latest analyst target
3. DCF / Fair value
$-2.67
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.21
Low
$3.00
High
$5.00
Mean
$3.63

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-11 main Canaccord Genuity Buy → Buy $5
2026-03-11 main Clear Street Buy → Buy $7
2025-11-07 main Canaccord Genuity Buy → Buy $8
2025-08-07 main Canaccord Genuity Buy → Buy $10
2025-05-08 main Canaccord Genuity Buy → Buy $8
2025-02-11 main Canaccord Genuity Buy → Buy $9
2024-11-19 init Canaccord Genuity — → Buy $10
2023-02-17 init Roth Capital — → Buy $6
2017-02-06 init Rodman & Renshaw — → Buy $18
2015-01-30 down Cowen & Co. Outperform → Market Perform $15
2014-01-13 init Needham — → Buy $60
2014-01-09 down Baird Outperform → Neutral $49
2014-01-08 init Brean Capital — → Buy $67
2013-11-25 init Cowen & Co. — → Outperform $70
2013-05-14 init Lake Street — → Buy $38
News
RSS: Latest ARQ news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-23 CAMPBELL-BREEDEN RICHARD Director — 150,000 $2.21 $331,665
2026-03-17 WONG JOSEPH M Chief Technology Officer — 10,000 $1.89 $18,900
2026-03-16 SMITH CLAIBORNE BENSON General Counsel — 2,000 $1.92 $3,836
2026-03-13 EICHER CAROL S Director — 77,500 $1.95 $151,009
2026-02-27 WONG JOSEPH M Chief Technology Officer — 40,286 — —
2026-02-27 WILLIAMSON JEREMY Chief Operating Officer — 68,600 — —
2026-02-27 SMITH CLAIBORNE BENSON General Counsel — 28,229 — —
2025-11-11 CAMPBELL-BREEDEN RICHARD Director — 28,638 $3.54 $101,487
2025-11-11 VONCANNON JAY LORING Chief Financial Officer — 15,000 $3.55 $54,970
2025-11-10 RASMUS ROBERT E Chief Executive Officer — 50,000 $3.79 $189,590
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
120.34
+10.44%
108.96
+9.86%
99.18
-3.69%
102.99
Operating Revenue
120.34
+10.44%
108.96
+9.86%
99.18
-3.69%
102.99
Cost Of Revenue
86.80
+24.87%
69.52
+3.26%
67.32
-16.33%
80.47
Reconciled Cost Of Revenue
86.80
+24.87%
69.52
+3.26%
67.32
-16.33%
80.47
Gross Profit
33.53
-14.99%
39.44
+23.80%
31.86
+41.46%
22.52
Operating Expense
41.64
+0.72%
41.34
-13.74%
47.93
+38.55%
34.59
Research And Development
7.34
+81.16%
4.05
+22.21%
3.31
—
Selling General And Administration
22.55
-21.40%
28.70
-15.77%
34.07
+21.07%
28.14
General And Administrative Expense
22.55
-21.40%
28.70
-15.77%
34.07
+21.07%
28.14
Salaries And Wages
6.88
-27.67%
9.51
-29.53%
13.49
+28.00%
10.54
Other Gand A
15.68
-18.29%
19.19
-6.75%
20.58
+16.92%
17.60
Other Operating Expenses
—
—
-0.04
-205.88%
0.03
Total Expenses
128.44
+15.87%
110.85
-3.81%
115.25
+0.17%
115.06
Operating Income
-8.11
-327.76%
-1.90
+88.20%
-16.07
-33.13%
-12.07
Total Operating Income As Reported
-52.96
-2603.32%
-1.96
+85.31%
-13.34
-10.50%
-12.07
EBITDA
-38.40
-683.79%
6.58
+350.24%
1.46
+174.69%
-1.96
Normalized EBITDA
6.45
-20.01%
8.06
+734.96%
-1.27
+35.07%
-1.96
Reconciled Depreciation
11.75
+36.69%
8.59
-18.49%
10.54
+64.32%
6.42
EBIT
-50.15
-2387.55%
-2.02
+77.80%
-9.08
-8.48%
-8.37
Total Unusual Items
-44.85
-2918.30%
-1.49
-154.41%
2.73
0.00
Total Unusual Items Excluding Goodwill
-44.85
-2918.30%
-1.49
-154.41%
2.73
0.00
Special Income Charges
-44.85
-2918.30%
-1.49
-154.41%
2.73
0.00
Other Special Charges
—
1.42
—
—
Impairment Of Capital Assets
44.76
—
—
—
Net Income
-52.61
-929.75%
-5.11
+58.29%
-12.25
-37.37%
-8.92
Pretax Income
-52.60
-897.50%
-5.27
+56.41%
-12.10
-38.91%
-8.71
Net Non Operating Interest Income Expense
-2.45
+24.81%
-3.26
-178.85%
-1.17
-1104.12%
-0.10
Interest Expense Non Operating
2.45
-24.81%
3.26
+8.06%
3.01
+797.02%
0.34
Net Interest Income
-2.45
+24.81%
-3.26
-178.85%
-1.17
-1104.12%
-0.10
Interest Expense
2.45
-24.81%
3.26
+8.06%
3.01
+797.02%
0.34
Interest Income Non Operating
—
1.10
-40.25%
1.85
+672.38%
0.24
Interest Income
—
1.10
-40.25%
1.85
+672.38%
0.24
Other Income Expense
-42.04
-34646.28%
-0.12
-102.36%
5.14
+48.63%
3.46
Other Non Operating Income Expenses
0.86
-30.69%
1.24
+57.91%
0.78
+1033.33%
-0.08
Gain On Sale Of Business
—
—
2.69
0.00
Tax Provision
0.01
+107.32%
-0.16
-207.19%
0.15
-26.79%
0.21
Tax Rate For Calcs
0.00
-100.00%
0.00
-85.71%
0.00
+950.00%
0.00
Tax Effect Of Unusual Items
0.00
+100.00%
-0.04
-107.77%
0.57
0.00
Net Income Including Noncontrolling Interests
-52.61
-929.75%
-5.11
+58.29%
-12.25
-37.37%
-8.92
Net Income From Continuing Operation Net Minority Interest
-52.61
-929.75%
-5.11
+58.29%
-12.25
-37.37%
-8.92
Net Income From Continuing And Discontinued Operation
-52.61
-929.75%
-5.11
+58.29%
-12.25
-37.37%
-8.92
Net Income Continuous Operations
-52.61
-929.75%
-5.11
+58.29%
-12.25
-37.37%
-8.92
Normalized Income
-7.76
-111.53%
-3.67
+74.54%
-14.41
-61.56%
-8.92
Net Income Common Stockholders
-52.61
-929.75%
-5.11
+58.29%
-12.25
-37.37%
-8.92
Diluted EPS
-1.27
-807.14%
-0.14
+66.67%
-0.42
+12.50%
-0.48
Basic EPS
-1.27
-807.14%
-0.14
+66.67%
-0.42
+12.50%
-0.48
Basic Average Shares
41.52
+15.18%
36.05
+23.87%
29.10
+57.72%
18.45
Diluted Average Shares
41.52
+15.18%
36.05
+23.87%
29.10
+57.72%
18.45
Diluted NI Availto Com Stockholders
-52.61
-929.75%
-5.11
+58.29%
-12.25
-37.37%
-8.92
Depreciation Amortization Depletion Income Statement
11.75
+36.69%
8.59
-18.49%
10.54
+64.32%
6.42
Earnings From Equity Interest
1.95
+1436.22%
0.13
-92.17%
1.62
-54.17%
3.54
Gain On Sale Of PPE
-0.10
-50.00%
-0.06
-102.34%
2.73
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
230.58
-18.91%
284.37
+20.75%
235.50
+29.99%
181.16
Current Assets
43.85
-16.24%
52.36
-39.45%
86.46
-18.17%
105.66
Cash Cash Equivalents And Short Term Investments
6.57
-51.37%
13.52
-70.20%
45.36
-31.72%
66.43
Cash And Cash Equivalents
6.57
-51.37%
13.52
-70.20%
45.36
-31.72%
66.43
Cash Financial
6.57
-51.37%
13.52
-70.20%
45.36
-31.72%
66.43
Receivables
14.98
+0.70%
14.88
-8.13%
16.19
+16.79%
13.86
Accounts Receivable
14.83
+11.80%
13.27
+17.50%
11.29
-18.13%
13.79
Gross Accounts Receivable
—
—
11.29
-18.13%
13.79
Allowance For Doubtful Accounts Receivable
—
—
—
—
Other Receivables
0.15
-90.69%
1.61
-67.14%
4.90
+6437.33%
0.07
Inventory
15.89
-17.70%
19.31
-1.92%
19.69
+10.46%
17.83
Raw Materials
5.49
-32.60%
8.15
-19.87%
10.17
+21.80%
8.35
Finished Goods
10.40
-6.83%
11.17
+17.24%
9.52
+0.47%
9.48
Prepaid Assets
4.58
+41.47%
3.24
+16.44%
2.78
-45.97%
5.14
Restricted Cash
—
—
—
—
Other Current Assets
1.83
+29.14%
1.41
-41.95%
2.44
+1.71%
2.40
Total Non Current Assets
186.73
-19.52%
232.01
+55.67%
149.04
+97.40%
75.50
Net PPE
158.35
-19.41%
196.51
+71.51%
114.57
+130.49%
49.71
Gross PPE
186.73
-16.31%
223.12
+66.68%
133.87
+117.30%
61.60
Accumulated Depreciation
-28.38
-6.60%
-26.62
-37.97%
-19.29
-62.17%
-11.90
Properties
0.00
0.00
0.00
0.00
Land And Improvements
2.10
+31.58%
1.60
+30.29%
1.23
+0.00%
1.23
Machinery Furniture Equipment
161.64
+78.65%
90.47
+5.81%
85.51
+131.07%
37.01
Construction In Progress
5.64
-94.87%
109.98
+338.87%
25.06
+293.21%
6.37
Other Properties
15.20
-15.28%
17.94
-9.95%
19.92
+34.14%
14.85
Leases
2.15
-31.50%
3.14
+45.97%
2.15
+0.00%
2.15
Goodwill And Other Intangible Assets
0.57
-92.47%
7.57
-4.18%
7.90
+832.59%
0.85
Other Intangible Assets
—
—
—
0.85
Investments And Advances
—
—
—
0.00
Long Term Equity Investment
—
—
—
0.00
Other Investments
—
—
—
—
Non Current Accounts Receivable
—
—
—
—
Non Current Deferred Assets
—
—
—
—
Non Current Deferred Taxes Assets
—
—
—
—
Other Non Current Assets
27.80
-0.48%
27.94
+5.15%
26.57
+6.50%
24.95
Total Liabilities Net Minority Interest
62.62
-6.67%
67.09
+17.50%
57.10
+38.65%
41.19
Current Liabilities
42.30
-5.28%
44.65
+93.74%
23.05
-3.50%
23.88
Payables And Accrued Expenses
16.57
-29.00%
23.34
+50.10%
15.55
-9.31%
17.15
Payables
16.57
-29.00%
23.34
+50.10%
15.55
-9.31%
17.15
Accounts Payable
15.27
-27.35%
21.02
+43.92%
14.60
-9.34%
16.11
Current Accrued Expenses
—
—
—
—
Total Tax Payable
1.30
-43.91%
2.33
+145.25%
0.95
-8.76%
1.04
Current Debt And Capital Lease Obligation
22.86
+30.35%
17.53
+281.40%
4.60
+19.25%
3.85
Current Debt
20.01
+29.52%
15.45
+482.43%
2.65
+134.57%
1.13
Other Current Borrowings
1.06
-34.54%
1.62
-38.79%
2.65
+134.57%
1.13
Current Capital Lease Obligation
2.84
+36.57%
2.08
+7.05%
1.94
-28.63%
2.72
Other Current Liabilities
1.83
-33.16%
2.74
+0.85%
2.72
+16.45%
2.33
Total Non Current Liabilities Net Minority Interest
20.32
-9.44%
22.44
-34.11%
34.05
+96.83%
17.30
Long Term Debt And Capital Lease Obligation
14.54
-13.62%
16.83
-38.00%
27.14
+216.25%
8.58
Long Term Debt
8.45
-9.80%
9.37
-48.72%
18.27
+429.68%
3.45
Long Term Capital Lease Obligation
6.09
-18.42%
7.46
-15.90%
8.87
+72.80%
5.13
Long Term Provisions
5.72
+9.10%
5.24
-12.36%
5.98
-25.10%
7.99
Other Non Current Liabilities
0.06
-82.83%
0.37
-60.50%
0.93
+26.74%
0.73
Stockholders Equity
167.96
-22.70%
217.28
+21.79%
178.40
+27.45%
139.98
Common Stock Equity
167.96
-22.70%
217.28
+21.79%
178.40
+27.45%
139.98
Capital Stock
0.05
+0.00%
0.05
+23.68%
0.04
+58.33%
0.02
Common Stock
0.05
+0.00%
0.05
+23.68%
0.04
+58.33%
0.02
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
47.35
+1.52%
46.64
+23.42%
37.79
+58.86%
23.79
Ordinary Shares Number
42.73
+1.69%
42.02
+26.67%
33.17
+73.04%
19.17
Treasury Shares Number
4.62
+0.00%
4.62
+0.00%
4.62
+0.00%
4.62
Additional Paid In Capital
201.78
+1.66%
198.49
+28.46%
154.51
+49.00%
103.70
Retained Earnings
13.82
-79.19%
66.43
-7.14%
71.54
-14.78%
83.95
Treasury Stock
47.69
+0.00%
47.69
+0.00%
47.69
+0.00%
47.69
Total Equity Gross Minority Interest
167.96
-22.70%
217.28
+21.79%
178.40
+27.45%
139.98
Total Capitalization
176.41
-22.16%
226.65
+15.24%
196.67
+37.12%
143.43
Working Capital
1.55
-79.81%
7.70
-87.85%
63.41
-22.46%
81.78
Invested Capital
196.43
-18.86%
242.10
+21.46%
199.33
+37.89%
144.56
Total Debt
37.39
+8.82%
34.36
+8.26%
31.74
+155.19%
12.44
Net Debt
21.89
+93.63%
11.31
—
—
Capital Lease Obligations
8.93
-6.42%
9.54
-11.77%
10.81
+37.64%
7.86
Net Tangible Assets
167.39
-20.18%
209.71
+22.99%
170.50
+22.55%
139.13
Tangible Book Value
167.39
-20.18%
209.71
+22.99%
170.50
+22.55%
139.13
Current Provisions
1.04
+0.00%
1.04
+469.78%
0.18
-66.79%
0.55
Duefrom Related Parties Current
—
—
—
0.00
Interest Payable
—
—
—
—
Line Of Credit
18.95
+37.04%
13.83
0.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-2.73
-126.06%
10.48
+162.91%
-16.65
-174.76%
-6.06
Cash Flow From Continuing Operating Activities
-2.73
-126.06%
10.48
+162.91%
-16.65
-174.76%
-6.06
Net Income From Continuing Operations
-52.61
-929.75%
-5.11
+58.29%
-12.25
-37.37%
-8.92
Depreciation Amortization Depletion
11.75
+36.69%
8.59
-18.49%
10.54
+64.32%
6.42
Depreciation
11.75
+36.69%
8.59
-18.49%
10.54
+64.32%
6.42
Depreciation And Amortization
11.75
+36.69%
8.59
-18.49%
10.54
+64.32%
6.42
Other Non Cash Items
2.11
-20.02%
2.64
-18.15%
3.23
-0.34%
3.24
Stock Based Compensation
3.36
+23.87%
2.71
+2.53%
2.65
+33.67%
1.98
Asset Impairment Charge
44.76
0.00
—
—
Deferred Tax
—
—
—
0.00
Deferred Income Tax
—
—
—
0.00
Operating Gains Losses
-1.85
-236.50%
1.36
+131.21%
-4.35
-22.96%
-3.54
Change In Working Capital
-10.24
-3811.59%
0.28
+101.68%
-16.47
-118.54%
-7.54
Change In Receivables
-0.10
-107.90%
1.32
+158.13%
-2.26
-293.67%
1.17
Changes In Account Receivables
—
—
—
-1.31
Change In Inventory
3.25
+98.66%
1.64
+163.63%
-2.57
+73.46%
-9.69
Change In Prepaid Assets
-2.03
-274.10%
1.17
-75.59%
4.78
+645.32%
-0.88
Change In Payables And Accrued Expense
-6.70
-3200.00%
0.22
+101.79%
-12.06
-1223.93%
-0.91
Change In Accrued Expense
—
—
—
—
Change In Payable
—
—
—
—
Change In Account Payable
—
—
—
—
Change In Other Current Assets
-4.13
-90.58%
-2.17
+54.51%
-4.76
-2043.67%
0.24
Change In Other Current Liabilities
-0.54
+71.67%
-1.89
-559.22%
0.41
-83.67%
2.52
Investing Cash Flow
-8.16
+90.41%
-85.07
-198.14%
-28.54
-519.25%
-4.61
Cash Flow From Continuing Investing Activities
-8.16
+90.41%
-85.07
-198.14%
-28.54
-519.25%
-4.61
Net PPE Purchase And Sale
-8.57
+89.92%
-85.02
-208.98%
-27.52
-259.17%
-7.66
Purchase Of PPE
-8.58
+89.93%
-85.17
-209.53%
-27.52
-208.68%
-8.91
Sale Of PPE
0.01
-93.33%
0.15
0.00
-100.00%
1.25
Capital Expenditure
-8.58
+89.93%
-85.17
-209.53%
-27.52
-208.68%
-8.91
Net Business Purchase And Sale
—
0.00
-100.00%
0.05
0.00
Purchase Of Business
—
0.00
+100.00%
-2.18
0.00
Gain Loss On Sale Of Business
—
—
-2.69
0.00
Net Other Investing Changes
0.15
+185.08%
-0.18
+93.27%
-2.69
-361.41%
-0.58
Financing Cash Flow
3.70
-91.34%
42.68
+86.30%
22.91
+1464.44%
-1.68
Cash Flow From Continuing Financing Activities
3.70
-91.34%
42.68
+86.30%
22.91
+1464.44%
-1.68
Net Issuance Payments Of Debt
3.76
+66.31%
2.26
-67.31%
6.92
+655.30%
-1.25
Issuance Of Debt
128.94
+832.46%
13.83
+62.26%
8.52
0.00
Repayment Of Debt
-125.18
-982.30%
-11.57
-621.52%
-1.60
-28.65%
-1.25
Long Term Debt Issuance
—
0.00
-100.00%
8.52
0.00
Long Term Debt Payments
-1.36
+88.23%
-11.57
-621.52%
-1.60
-28.65%
-1.25
Net Long Term Debt Issuance
-1.36
+88.23%
-11.57
-267.16%
6.92
+655.30%
-1.25
Short Term Debt Issuance
128.94
+832.46%
13.83
0.00
—
Short Term Debt Payments
-123.82
0.00
—
—
Net Short Term Debt Issuance
5.12
-62.95%
13.83
0.00
—
Net Common Stock Issuance
-0.07
-100.16%
41.27
+158.10%
15.99
+4221.13%
-0.39
Common Stock Payments
-0.07
+94.19%
-1.14
-393.48%
-0.23
+40.72%
-0.39
Common Stock Dividend Paid
—
—
0.00
+100.00%
-0.04
Cash Dividends Paid
—
—
0.00
+100.00%
-0.04
Repurchase Of Capital Stock
-0.07
+94.19%
-1.14
-393.48%
-0.23
+40.72%
-0.39
Net Other Financing Charges
—
-0.85
-110.01%
8.52
—
Changes In Cash
-7.20
+77.46%
-31.92
-43.26%
-22.28
-80.43%
-12.35
Beginning Cash Position
22.23
-58.94%
54.15
-29.15%
76.43
-13.91%
88.78
End Cash Position
15.04
-32.36%
22.23
-58.94%
54.15
-29.15%
76.43
Free Cash Flow
-11.31
+84.86%
-74.69
-69.11%
-44.17
-194.95%
-14.97
Interest Paid Supplemental Data
0.66
-67.23%
2.02
+16.79%
1.73
+417.07%
0.33
Income Tax Paid Supplemental Data
—
—
—
0.00
Common Stock Issuance
0.00
-100.00%
42.41
+161.44%
16.22
0.00
Dividend Received CFO
—
—
0.00
-100.00%
2.30
Dividends Received CFI
0.25
+97.64%
0.13
-92.17%
1.62
-55.36%
3.64
Earnings Losses From Equity Investments
-1.95
-1436.22%
-0.13
+92.17%
-1.62
+54.17%
-3.54
Issuance Of Capital Stock
0.00
-100.00%
42.41
+161.44%
16.22
0.00
Sale Of Business
—
0.00
-100.00%
2.23
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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