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Stocks · Materials · Miscellaneous Chemical Products

Arq, Inc.

ARQ Clue Score41
United States Fiscal year ends December CIK 0001515156
$2.03 -3.56% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.03 −68.08% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue50.6Operating income−16.1Net income97.7EPS, diluted4.34Fiscal year 2017Revenue45.4 −10.4%Operating income−4.1Net income27.9 −71.5%EPS, diluted1.29Fiscal year 2018Revenue23.9 −47.2%Operating income−6.4Net income35.5 +27.2%EPS, diluted1.76Fiscal year 2019Revenue70.1 +192.7%Operating income−14.9Net income35.5 +0.2%EPS, diluted1.93Fiscal year 2020Revenue67.4 −3.9%Operating income−41.0Net income−20.3 −157.1%EPS, diluted−1.12Fiscal year 2021Revenue100.3 +48.9%Operating income4.9Net income60.4EPS, diluted3.27Fiscal year 2022Revenue103.0 +2.7%Operating income−12.1Net income−8.9 −114.8%EPS, diluted−0.48Fiscal year 2023Revenue99.2 −3.7%Operating income−13.3Net income−12.2EPS, diluted−0.42Fiscal year 2024Revenue109.0 +9.9%Operating income−2.0Net income−5.1EPS, diluted−0.14Fiscal year 2025Revenue120.3 +10.4%Operating income−53.0Net income−52.6EPS, diluted−1.27
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 50.6 45.4 23.9 70.1 67.4 100.3 103.0 99.2 109.0 120.3
Growth −10.4% −47.2% +192.7% −3.9% +48.9% +2.7% −3.7% +9.9% +10.4%
Operating income −16.1 −4.1 −6.4 −14.9 −41.0 4.9 −12.1 −13.3 −2.0 −53.0
Net income 97.7 27.9 35.5 35.5 −20.3 60.4 −8.9 −12.2 −5.1 −52.6
Growth −71.5% +27.2% +0.2% −157.1% −114.8%
EPS, diluted 4.34 1.29 1.76 1.93 −1.12 3.27 −0.48 −0.42 −0.14 −1.27

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−31.8%Net margin193.0%Free cash flow margin−36.6%Fiscal year 2017Operating margin−9.1%Net margin61.4%Free cash flow margin−27.0%Fiscal year 2018Operating margin−26.7%Net margin148.1%Free cash flow margin−43.2%Fiscal year 2019Operating margin−21.2%Net margin50.7%Free cash flow margin77.6%Fiscal year 2020Operating margin−60.8%Net margin−30.1%Free cash flow margin70.3%Fiscal year 2021Operating margin4.8%Net margin60.2%Free cash flow margin19.7%Fiscal year 2022Operating margin−11.7%Net margin−8.7%Free cash flow margin−14.5%Fiscal year 2023Operating margin−13.4%Net margin−12.3%Free cash flow margin−44.5%Fiscal year 2024Operating margin−1.8%Net margin−4.7%Free cash flow margin−68.6%Fiscal year 2025Operating margin−44.0%Net margin−43.7%Free cash flow margin−9.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −31.8% −9.1% −26.7% −21.2% −60.8% 4.8% −11.7% −13.4% −1.8% −44.0%
Net margin 193.0% 61.4% 148.1% 50.7% −30.1% 60.2% −8.7% −12.3% −4.7% −43.7%
Free cash flow margin −36.6% −27.0% −43.2% 77.6% 70.3% 19.7% −14.5% −44.5% −68.6% −9.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−18.3Capital expenditure−0.3Free cash flow−18.5Buybacks0.0Dividends paid0.0Fiscal year 2017Operating cash flow−11.7Capital expenditure−0.5Free cash flow−12.2Buybacks−16.4Dividends paid−15.7Fiscal year 2018Operating cash flow−9.9Capital expenditure−0.5Free cash flow−10.4Buybacks−25.3Dividends paid−20.2Fiscal year 2019Operating cash flow62.3Capital expenditure−7.9Free cash flow54.4Buybacks−5.8Dividends paid−18.3Fiscal year 2020Operating cash flow54.0Capital expenditure−6.7Free cash flow47.4 −13.0%Buybacks−0.2Dividends paid−5.0Fiscal year 2021Operating cash flow26.0Capital expenditure−6.2Free cash flow19.8 −58.2%Buybacks0.0Dividends paid−0.1Fiscal year 2022Operating cash flow−6.1Capital expenditure−8.9Free cash flow−15.0 −175.6%Dividends paid−0.0Fiscal year 2023Operating cash flow−16.7Capital expenditure−27.5Free cash flow−44.2Dividends paid0.0Fiscal year 2024Operating cash flow10.5Capital expenditure−85.2Free cash flow−74.7Fiscal year 2025Operating cash flow−2.7Capital expenditure−8.6Free cash flow−11.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −18.3 −11.7 −9.9 62.3 54.0 26.0 −6.1 −16.7 10.5 −2.7
Capital expenditure −0.3 −0.5 −0.5 −7.9 −6.7 −6.2 −8.9 −27.5 −85.2 −8.6
Free cash flow −18.5 −12.2 −10.4 54.4 47.4 19.8 −15.0 −44.2 −74.7 −11.3
Growth −13.0% −58.2% −175.6%
Buybacks 0.0 −16.4 −25.3 −5.8 −0.2 0.0 n/a n/a n/a n/a
Dividends paid 0.0 −15.7 −20.2 −18.3 −5.0 −0.1 −0.0 0.0 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash13.2Shareholders’ equity76.2Fiscal year 2017Cash30.7Total debt0.0Net cash (debt)30.7Shareholders’ equity73.5Debt to equity0.00Fiscal year 2018Cash18.6Total debt74.1Net cash (debt)−55.5Shareholders’ equity67.9Debt to equity1.09Fiscal year 2019Cash12.1Total debt44.4Net cash (debt)−32.3Shareholders’ equity108.3Debt to equity0.41Fiscal year 2020Cash35.9Total debt23.9Net cash (debt)12.0Shareholders’ equity85.2Debt to equity0.28Fiscal year 2021Cash78.8Total debt4.2Net cash (debt)74.6Shareholders’ equity147.3Debt to equity0.03Fiscal year 2022Cash66.4Total debt4.6Net cash (debt)61.9Shareholders’ equity140.0Debt to equity0.03Fiscal year 2023Cash45.4Total debt20.9Net cash (debt)24.4Shareholders’ equity178.4Debt to equity0.12Fiscal year 2024Cash13.5Total debt24.8Net cash (debt)−11.3Shareholders’ equity217.3Debt to equity0.11Fiscal year 2025Cash6.6Total debt28.5Net cash (debt)−21.9Shareholders’ equity168.0Debt to equity0.17
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 13.2 30.7 18.6 12.1 35.9 78.8 66.4 45.4 13.5 6.6
Total debt n/a 0.0 74.1 44.4 23.9 4.2 4.6 20.9 24.8 28.5
Net cash (debt) n/a 30.7 −55.5 −32.3 12.0 74.6 61.9 24.4 −11.3 −21.9
Shareholders’ equity 76.2 73.5 67.9 108.3 85.2 147.3 140.0 178.4 217.3 168.0
Debt to equity n/a 0.00 1.09 0.41 0.28 0.03 0.03 0.12 0.11 0.17

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−31.8% −9.1% −26.7% −21.2% −60.8% 4.8% −11.7% −13.4% −1.8% −44.0%
72.6% 114.7% 191.6% 67.8% −20.5% 75.9% −8.5% −12.2% −4.8% −43.7%
193.0% 61.4% 148.1% 50.7% −30.1% 60.2% −8.7% −12.3% −4.7% −43.7%
−36.6% −27.0% −43.2% 77.6% 70.3% 19.7% −14.5% −44.5% −68.6% −9.4%
Spending
−1.3% 0.3% n/a 0.3% 1.5% 0.4% 2.0% 3.3% 3.7% 6.1%
7.4% 8.8% 17.4% 11.6% 12.2% 7.0% 7.9% 34.3% 26.3% 18.7%
0.6% 1.1% 2.0% 11.2% 9.9% 6.2% 8.7% 27.7% 78.2% 7.1%
−165.9% 46.4% 22.7% 25.2% n/a 20.6% n/a n/a n/a n/a
Returns
128.2% 37.9% 52.2% 32.8% −23.8% 41.0% −6.4% −6.9% −2.4% −31.3%
91.0% 33.7% 22.2% 20.4% −13.8% 32.6% −4.9% −5.2% −1.8% −22.8%
Balance and payout
n/a 0.00 1.09 0.41 0.28 0.03 0.03 0.12 0.11 0.17
29.0% 11.1% 57.4% 37.7% 41.9% 20.6% 22.7% 24.2% 23.6% 27.2%
0.0% 56.3% 56.9% 51.4% n/a 0.2% n/a n/a n/a n/a
n/a n/a n/a 44.2% 10.8% 0.5% n/a n/a n/a n/a