Arq, Inc. (ARQ) Stock

Arq, Inc. (ARQ) is a Materials stock trading at $2.29 (as of 2026-08-21), with a market capitalization of $100.00M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Arq, Inc. manufactures activated carbon products in North America, including granular and powdered activated carbon, colloidal carbon, Arq Powder Wetcake coal-waste-derived particles, and additives for air emissions control. These materials are used in areas such as water treatment, ground water remediation, soil and sediments, air emissions, and asphalt additives.

Understand Arq, Inc.: how it makes money

ARQ, Inc. produces activated carbon products and related air emissions control additives, selling granular, powdered, and colloidal activated carbon that are used in areas like water treatment, remediation, air emissions, and asphalt additives.

ARQ's profit model is driven by long-term contract economics, with contract visibility through 2027 at 75% and all sales contracts shown as net contributors, while only 2% of volume is tied to loss-making contracts.

Revenue by segment (latest quarter)
Consumables$0.0B
Take-or-Pay$0.0B

Business quality (Weak): The provided financial snapshot shows 0.0B revenue for 2026-03-31 and an operating margin of -3.4%, so the quarter-level revenue picture is unclear, but the operating contract and customer KPIs are specific and consistent with a contracts-focused business model.

Bull case

  • Contract-backed outlook: Contract Visibility Through 2027 is 75%, indicating a meaningful portion of future supply is covered by contracts.
  • Customer stickiness: Three-Year Customer Retention Rate is 86%, suggesting customers keep taking ARQ products over time.
  • Contract quality in the sales mix: Percent of Sales Contracts That Are Net Contributors is 100%, and loss-making contracts account for 2% of volume.

Bear case

  • Demand or volume pressure: Volumes Year Over Year Decline is 3%, which can pressure utilization and unit economics.
  • Longer-term contract visibility drops: Contract Visibility Through 2028 is 43%, which is materially lower than visibility through 2027.
  • Profitability is currently weak: Operating margin is -3.4% for the provided 2026-03-31 period.
Valuation — source: SEC EDGAR (first-party)
Price$2.29
Market Cap$100.00M
EV / EBITDA12.4
Price / Book0.59
Price / Sales0.81
FCF Yield-13.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$120.34M
Net Margin-43.7%
Revenue Growth (YoY)10.4%
EPS Growth (YoY)807.1%
FCF Growth (YoY)-84.9%
Financial Health — source: SEC EDGAR
Altman Z-Score0.80 (distress)
Piotroski F-Score2/9 (weak)
Valuation vs Sector & Industry
Sector P/E (Materials)25.9
Industry P/E (Chemicals)31.1
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderAIGH Capital Management LLC ($7.43M)
Institutional Holders Tracked10
Company
SectorMaterials
IndustryChemicals
CEORobert E. Rasmus
Employees200
CountryUS
IPO Date2004-01-23

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ARQ earnings history · ARQ institutional & insider holders · ARQ KPIs & operating metrics · ARQ financials · ARQ investor presentations & press releases · ARQ SEC filings · ARQ peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.