ARQ
Arq, Inc.
ARQ lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
ARQ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Stable | |
| Stable |
ARQ's revenue, cash flow and balance sheet are currently stable, but its profitability is weak.
ARQ PE Valuation
ARQ has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 101x next year's earnings.
ARQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect ARQ to return to profit, with revenue growing.
ARQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.03 | — |
| Q3 2026 | -$1.18 | -$1.08 |
| Q2 2026 | -$1.26 | -$1.22 |
| Q1 2026 | -$1.29 | -$1.24 |
| Q4 2025 | -$1.27 | -$1.13 |
| Q3 2025 | -$0.10 | -243% |
| Q2 2025 | -$0.04 | $0.00 |
| Q1 2025 | -$0.05 | +$0.14 |
| Q4 2024 | -$0.14 | +$0.28 |
ARQ lost $1.18 per share over the past year, a bigger loss than the year before.
ARQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $38.2M | +8.9% |
| Q2 2026 | $29.9M | +4.5% |
| Q1 2026 | $29.1M | +6.6% |
| Q4 2025 | $29.4M | +8.8% |
| Q3 2025 | $35.1M | +0.9% |
| Q2 2025 | $28.6M | +13% |
| Q1 2025 | $27.2M | +25% |
| Q4 2024 | $27M | -3.8% |
ARQ's revenue has grown year over year for seven quarters in a row: $38M last quarter, up 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +11 points |
| Q2 2026 | -0.2% | +5.2 points |
| Q1 2026 | -3.4% | -5.8 points |
| Q4 2025 | -174% | -176 points |
| Q3 2025 | -2.4% | -8.2 points |
| Q2 2025 | -5.4% | +0.1 points |
| Q1 2025 | 2.4% | +16 points |
| Q4 2024 | 1.5% | -9.5 points |
ARQ's operating margin was 8.2% last quarter, up 11 points from the same quarter a year ago.
ARQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.6M | +209% |
| Q2 2026 | -$4M | -$2.6M |
| Q1 2026 | -$676K | +$8.8M |
| Q4 2025 | -$3.5M | +$34.2M |
| Q3 2025 | $3.1M | +$8.9M |
| Q2 2025 | -$1.4M | +$20.8M |
| Q1 2025 | -$9.5M | -$443K |
| Q4 2024 | -$37.8M | -$31.7M |
ARQ's free cash flow has turned positive after four years mostly in the red: $1M over the past year.
ARQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2% | +847K shares |
| 1 year | +3.2% | +1.3M shares |
| 3 years | +35% | +11.1M shares |
| 5 years | +133% | +24.6M shares |
| Available history | +135% | +24.7M shares |
ARQ has 43M diluted shares, up 3.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $159,000 |
ARQ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.7x | Healthy |
| Q3 2024 | -2.9x | Net Cash |
| Q2 2024 | -1.5x | Net Cash |
| Q1 2024 | -8.9x | Net Cash |
| Q2 2022 | -15.0x | Net Cash |
ARQ's net debt is about 2.0 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
ARQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 65.2 | Neutral |
ARQ's weekly RSI is 63 (neutral) and its Stochastic is 65 (neutral).
ARQ PE vs Industrials Sector
| Metric | ARQ | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
ARQ has no meaningful PE right now: it lost money over the past year.
ARQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.11 | 46% above |
| 20 week MA | $2.15 | 44% above |
| 50 week MA | $2.62 | 18% above |
| 100 week MA | $4.11 | 25% below |
| 200 week MA | $4.05 | 24% below |
ARQ has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 24% below its 200-week average.
ARQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $5.96 | -41% |
| 2021 | $5.96 | $6.62 | +11% |
| 2022 | $6.62 | $2.28 | -66% |
| 2023 | $2.28 | $2.98 | +31% |
| 2024 | $2.98 | $7.13 | +139% |
| 2025 | $7.13 | $3.41 | -52% |
| 2026 YTD | $3.41 | $3.09 | -9.4% |
ARQ's yearly returns have swung widely, from +139% in 2024 to −66% in 2022. It's down 9.4% so far in 2026.