ARQ Arq, Inc.
Price Chart
Executive Summary
Arq reported Q1 2026 revenue of $29.1M, beating consensus of $27.9M and up 7% YoY, but posted a GAAP net loss of $0.8M ($0.02 per share) vs. net income of $0.2M a year ago. Adjusted EBITDA fell to $2.7M from $4.1M. Management reaffirmed FY2026 guidance of $120-125M revenue and $17-20M Adjusted EBITDA, signaling confidence in full-year improvement despite the weaker quarter.
Key Financial Metrics
Actionable Insight
The reaffirmed FY2026 guidance suggests management expects meaningful improvement in the next three quarters. Watch for progress on GAC optimization review results due by Q3 2026, which could unlock a growth catalyst. The low operating cash flow and high debt levels warrant monitoring for liquidity risk.
Key Facts
- Q1 2026 revenue $29.1M vs. consensus $27.9M (+4% beat), up 7% YoY from $27.2M
- GAAP EPS -$0.02 vs. consensus -$0.03 (beat), vs. $0.00 in prior year quarter
- Net loss $0.8M vs. net income $0.2M in Q1 2025
- Adjusted EBITDA $2.7M vs. $4.1M in Q1 2025, pressured by $0.8M inventory revaluation charge
- Gross margin 34.2% vs. 36.4% in prior year, reflecting product mix and GAC carry-over costs
- Reaffirmed FY2026 guidance: revenue $120-125M, Adjusted EBITDA $17-20M
- Cash and restricted cash $15.9M, total debt $30.2M; operating cash flow was negligible at $64k
Financial Impact
Revenue beat by $1.15M and EPS beat by $0.01, but profitability deteriorated YoY with net loss widening by ~$1M
Risk Factors
- GAC optimization review may result in further delays or capital requirements
- High debt of $30.2M vs. cash of $15.9M (of which $11.2M restricted) limits financial flexibility
- Net loss and declining adjusted EBITDA could pressure equity valuation
- Dependence on PAC business performance and contract visibility (96% of 2026 volumes booked)
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001515156-26-000064 |
| Document: ades-20260506.htm | 0001515156-26-000064 |
| Document: 0001515156-26-000064-index-headers.html | 0001515156-26-000064 |
| Document: 0001515156-26-000064-index.html | 0001515156-26-000064 |
| Document: 0001515156-26-000064.txt | 0001515156-26-000064 |
| 8-K Data (Synthetic) | 0001515156-26-000064 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
8-K
| $2.65 awaiting T+5 | awaiting T+5 | — | $2.68 (+1.13%) |
|
May 27, 2026
16d ago
|
8-K
| $2.75 $2.66 | ▼ −3.27% | ▼ −3.59% | $2.68 (−2.55%) |
|
May 6, 2026
5w ago
|
8-K
| $2.59 $2.55 | ▼ −1.54% | ▼ −3.05% | $2.68 (+3.47%) |
|
May 1, 2026
6w ago
|
8-K
| $2.45 $2.73 | ▲ +11.43% | ▲ +8.49% | $2.68 (+9.39%) |
|
Apr 28, 2026
6w ago
|
DEFA14A
| $2.23 $2.31 | ▲ +3.59% | ▲ +0.48% | $2.68 (+20.18%) |
|
Apr 22, 2026
7w ago
|
Press Release
| $2.23 $2.24 | ▲ +0.22% | ▲ +0.17% | $2.68 (+20.18%) |
|
Apr 17, 2026
8w ago
|
8-K
| $2.24 $2.28 | ▲ +1.79% | ▲ +0.87% | $2.68 (+19.64%) |
|
Mar 16, 2026
12w ago
|
Insider Cluster
| $1.88 $2.27 | ▲ +20.74% | ▲ +22.79% | $2.68 (+42.55%) |
|
Mar 16, 2026
12w ago
|
Insider Cluster
| $1.88 $2.27 | ▲ +20.74% | ▲ +22.79% | $2.68 (+42.55%) |
|
Mar 13, 2026
13w ago
|
Insider Cluster
| $1.92 $1.99 | ▲ +3.65% | ▲ +5.76% | $2.68 (+39.58%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access