Company research
Arq, Inc.
CIK 1515156Updated Sep 26, 2026
SecurityARQ · NASDAQ · equity
Name history
Advanced Emissions Solutions, Inc. · through Jan 31, 2024
ARQ price & chart
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NASDAQ:ARQ on TradingView ↗About the company
Arq (NASDAQ: ARQ) is a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing our environmental impact. As the only vertically integrated producer of activated carbon products in North America, we deliver a reliable domestic supply of innovative, hard-to-source, high-demand products. We apply our extensive expertise to develop groundbreaking solutions to remove harmful chemicals and pollutants from water, land and air. Learn more at: www.arq.com.
In the news
Arq Appoints Peter Owino as Chief Accounting Officer ↗
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Arq, Inc. - ARQ ↗
Recent filings
S-8 filing
4 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Items 5.02, 8.01, 9.01
Results of Operations and Financial Condition
Items 2.02, 9.01
10-Q filing
Show 5 more recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
4 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
S-8 filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 230,580,000Source | 284,368,000Source | 235,502,000Source | 181,164,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 570,000Source | 7,569,000Source | 7,899,000Source | 847,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 6,573,000Source | 13,516,000Source | 45,361,000Source | 66,432,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 14,980,000Source | 14,876,000Source | 16,192,000Source | 13,864,000Source |
| Inventory, NetUSD | 15,895,000Source | 19,314,000Source | 19,693,000Source | 17,828,000Source |
| Assets, CurrentUSD | 43,852,000Source | 52,356,000Source | 86,461,000Source | 105,662,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 6,404,000Source | 4,650,000Source | 5,215,000Source | 7,538,000Source |
| Operating Lease, Right-of-Use AssetUSD | 6,793,000Source | 9,312,000Source | 10,592,000Source | 7,734,000Source |
| Other Assets, NoncurrentUSD | 35,107,000Source | 44,729,000Source | 45,600,000Source | 30,647,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 62,617,000Source | 67,092,000Source | 57,102,000Source | 41,185,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 47,000Source | 47,000Source | 38,000Source | 24,000Source |
| Additional Paid in CapitalUSD | 201,784,000Source | 198,487,000Source | 154,511,000Source | 103,698,000Source |
| Retained Earnings (Accumulated Deficit)USD | 13,824,000Source | 66,434,000Source | 71,543,000Source | 83,949,000Source |
| Stockholders' Equity Attributable to ParentUSD | 167,963,000Source | 217,276,000Source | 178,400,000Source | 139,979,000Source |
| Liabilities and EquityUSD | 230,580,000Source | 284,368,000Source | 235,502,000Source | 181,164,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 42,297,000Source | 44,653,000Source | 23,048,000Source | 23,884,000Source |
| Operating Lease, Liability, CurrentUSD | 2,842,000Source | 2,081,000Source | 1,944,000Source | 2,724,000Source |
| Operating Lease, Liability, NoncurrentUSD | 6,086,000Source | 7,460,000Source | 8,870,000Source | 5,133,000Source |
| Other Liabilities, NoncurrentUSD | 11,868,000Source | 13,069,000Source | 15,780,000Source | 13,851,000Source |
| Additional Financial Items | ||||
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | 3,450,000Source |
| Long-term Debt, Current MaturitiesUSD | 20,013,000Source | 15,452,000Source | 2,653,000Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 8,452,000Source | 9,370,000Source | 18,274,000Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 11,747,000Source | 8,594,000Source | 10,543,000Source | 6,416,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 3,363,000Source | 2,715,000Source | 2,648,000Source | 1,981,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | 1,312,000Source |
| Increase (Decrease) in InventoriesUSD | -3,250,000Source | -1,636,000Source | 2,571,000Source | 9,686,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -2,730,000Source | 10,477,000Source | -16,653,000Source | -6,061,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -8,161,000Source | -85,074,000Source | -28,535,000Source | -4,608,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 66,000Source | 1,135,000Source | 230,000Source | 388,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 3,696,000Source | 42,679,000Source | 22,909,000Source | -1,679,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -7,195,000Source | -31,918,000Source | -22,279,000Source | -12,348,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 15,040,000Source | 22,235,000Source | 54,153,000Source | 76,432,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 661,000Source | 2,017,000Source | 1,727,000Source | 334,000Source |
| Income Taxes Paid, NetUSD | -27,000Source | — | -1,697,000Source | 3,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 3,363,000Source | 2,715,000Source | 2,648,000Source | 1,981,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 359,000Source | 601,000Source | 546,000Source | 0Source |
| Amortization of Intangible AssetsUSD | 400,000Source | 400,000Source | 800,000Source | 500,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 513,000Source | 666,000Source | 582,000Source | 611,000Source |
| DepreciationUSD | 10,200,000Source | 6,900,000Source | 8,500,000Source | 4,900,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -96,000Source | -64,000Source | — | — |
| Gain (Loss) on Disposition of Other AssetsUSD | — | — | 2,695,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -1,422,000Source | — | 0Source |
| General and Administrative ExpenseUSD | — | — | 12,641,000Source | 8,145,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 1,951,000Source | 127,000Source | 1,623,000Source | 3,541,000Source |
| Income Tax Expense (Benefit)USD | 12,000Source | -164,000Source | 153,000Source | 209,000Source |
| InterestExpenseNonoperatingUSD | 2,449,000Source | 3,257,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -52,610,000Source | -5,109,000Source | -12,249,000Source | -8,917,000Source |
| Nonoperating Income (Expense)USD | 360,000Source | -3,314,000Source | 1,239,000Source | 3,360,000Source |
| Operating Costs and ExpensesUSD | — | — | 67,323,000Source | — |
| Operating ExpensesUSD | 86,490,000Source | 41,403,000Source | 112,518,000Source | 115,055,000Source |
| Operating Lease, ExpenseUSD | 5,700,000Source | 5,300,000Source | 5,900,000Source | 4,400,000Source |
| Other Nonoperating Income (Expense)USD | 858,000Source | 1,238,000Source | 2,630,000Source | 155,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 120,336,000Source | 108,959,000Source | 99,183,000Source | 102,987,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of RevenueUSD | 86,804,000Source | 69,515,000Source | — | — |
| Selling, General and Administrative ExpenseUSD | 22,554,000Source | 28,695,000Source | — | — |
| Operating Income (Loss)USD | -52,958,000Source | -1,959,000Source | -13,335,000Source | -12,068,000Source |
| Other Nonoperating Income (Expense)USD | 858,000Source | 1,238,000Source | 2,630,000Source | 155,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -52,598,000Source | -5,273,000Source | -12,096,000Source | -8,708,000Source |
| Income Tax Expense (Benefit)USD | 12,000Source | -164,000Source | 153,000Source | 209,000Source |
| Net Income (Loss) Attributable to ParentUSD | -52,610,000Source | -5,109,000Source | -12,249,000Source | -8,917,000Source |
| Earnings Per Share, BasicUSD per share | -1.27Source | -0.14Source | -0.42Source | -0.48Source |
| Earnings Per Share, DilutedUSD per share | -1.27Source | -0.14Source | -0.42Source | -0.48Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 41,522,000Source | 36,051,000Source | 29,104,000Source | 18,453,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 41,522,000Source | 36,051,000Source | 29,104,000Source | 18,453,000Source |
| Interest Expense (non-operating)USD | 2,449,000Source | 3,257,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 400,000Source | 400,000Source | 800,000Source | 500,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 11,747,000Source | 8,594,000Source | 10,543,000Source | 6,416,000Source |
| General and Administrative ExpenseUSD | — | — | 12,641,000Source | 8,145,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -44,771,000Source | -3,435,000Source | -9,123,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | 1,951,000Source | 127,000Source | 1,623,000Source | 3,541,000Source |
| Interest ExpenseUSD | — | — | 3,014,000Source | 336,000Source |
| Interest Expense, DebtUSD | — | — | — | 0Source |
| Interest Income, OtherUSD | — | 1,103,000Source | 1,846,000Source | 239,000Source |
| Labor and Related ExpenseUSD | — | — | 15,154,000Source | 10,540,000Source |
| Nonoperating Income (Expense)USD | 360,000Source | -3,314,000Source | 1,239,000Source | 3,360,000Source |
| Operating Costs and ExpensesUSD | — | — | 67,323,000Source | — |
| Operating ExpensesUSD | 86,490,000Source | 41,403,000Source | 112,518,000Source | 115,055,000Source |
| Operating Lease, ExpenseUSD | 5,700,000Source | 5,300,000Source | 5,900,000Source | 4,400,000Source |
| Research and Development ExpenseUSD | 7,337,000Source | 4,050,000Source | 3,300,000Source | 400,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 120,336,000Source | 108,959,000Source | 99,183,000Source | 102,987,000Source |
Filing attachments
ex41-ninthamendmenttotaxas.htm · 8-K · 2026-04-17
EX-4.1 2 ex41-ninthamendmenttotaxas.htm EX-4.1 Document Exhibit 4.1 NINTH AMENDMENT TO TAX ASSET PROTECTION PLAN This NINTH AMENDMENT TO TAX ASSET PROTECTION PLAN (this “Amendment”) is entered into as of April 15, 2026, by and between Arq, Inc. (formerly Advanced Emissions Solutions, Inc.), a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company (the “Rights Agent”). All capitalized terms used herein and not otherwise defined her…
Read attachment ↗ex991-pressreleasearqcommi.htm · 8-K · 2025-08-06
EX-99.1 2 ex991-pressreleasearqcommi.htm EX-99.1 Document Exhibit 99.1 Arq Achieves Major Milestone with Successful Commissioning of First Granular Activated Carbon Line Key achievement in ongoing corporate transformation First GAC sales have been completed Arq well positioned to meet strong GAC market demand GAC operations now shift to production scale-up, targeting 25 million pounds annualized production GREENWOOD VILLAGE, Colo., August 6, 2025 - GlobeNewswire - Arq, Inc. (NASDAQ: A…
Read attachment ↗ex41-eighthamendmenttotaxa.htm · 8-K · 2025-04-11
EX-4.1 2 ex41-eighthamendmenttotaxa.htm EX-4.1 Document Exhibit 4.1 EIGHTH AMENDMENT TO TAX ASSET PROTECTION PLAN This EIGHTH AMENDMENT TO TAX ASSET PROTECTION PLAN (this “Amendment”) is entered into as of April 8, 2025, by and between Arq, Inc. (formerly Advanced Emissions Solutions, Inc.), a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company (the “Rights Agent”). All capitalized terms used herein and not otherwise defined he…
Read attachment ↗ex991-pressreleasecfoannou.htm · 8-K · 2025-04-02
EX-99.1 3 ex991-pressreleasecfoannou.htm EX-99.1 Document Exhibit 99.1 Arq Strengthens Executive Team, Appointing 35-Year Finance Veteran Jay Voncannon as Chief Financial Officer Appoints CFO, 35-year finance veteran to oversee continued transformation and next phase of growth Voncannon has a proven track record in managing financial operations during a period of significant growth GREENWOOD VILLAGE, Colo., April 2, 2025 - GlobeNewswire - Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq")…
Read attachment ↗ex991-pressreleasecapexupd.htm · 8-K · 2025-02-07
EX-99.1 2 ex991-pressreleasecapexupd.htm EX-99.1 Document Exhibit 99.1 Arq Provides Update on Transformational GAC Project Construction of Arq’s GAC production facility remains on schedule, with initial production expected in Q1 2025 Customer negotiations for GAC contracts progressing well GAC production ramp-up set to begin in H1 2025, with full run-rate of 25 million pounds targeted for H2 2025 GREENWOOD VILLAGE, Colo., February 7, 2025 - GlobeNewswire - Arq, Inc. (NASDAQ: ARQ) (the …
Read attachment ↗ex991-pressreleaserefinanc.htm · 8-K · 2025-01-02
EX-99.1 3 ex991-pressreleaserefinanc.htm EX-99.1 Document Exhibit 99.1 Arq Announces Successful Closing of $30 million Revolving Credit Facility GREENWOOD VILLAGE, Colo., January 2, 2025 - GlobeNewswire - Arq, Inc. (NASDAQ: ARQ) (the "Company" or "Arq"), a producer of activated carbon and other environmentally efficient carbon products, today announced the successful closing of an asset-based revolving credit facility (the "Facility") with MidCap Financial, a leading commercial finance co…
Read attachment ↗