Quarterly ResultMay 6, 2026, 04:34 PM
Arq Q1 Revenue $29.1M; Net Loss $0.8M; Reaffirms FY26 Guidance
AI Summary
Arq, Inc. announced its Q1 2026 financial and operating results, reporting a 7% increase in revenue to $29.1 million, while net loss was $0.8 million compared to net income in the prior year. Adjusted EBITDA also saw a decline to $2.7 million. The company reaffirmed its full-year 2026 guidance and noted progress on its GAC strategic optimization review, with initial results anticipated by Q3 2026. Additionally, board and management ownership increased to over 20% following recent share purchases.
Key Highlights
- Arq reported Q1 2026 revenue of $29.1 million, up 7% from $27.2 million in Q1 2025.
- Net loss for Q1 2026 was $0.8 million, compared to net income of $0.2 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $2.7 million, down from $4.1 million in Q1 2025.
- Gross margin decreased to 34.2% in Q1 2026 from 36.4% in Q1 2025.
- Cash and restricted cash stood at $15.9 million at the end of Q1 2026.
- Company reaffirmed full-year 2026 guidance: revenue $120-$125 million, Adjusted EBITDA $17-$20 million.
- Board and management team ownership increased to over 20% of the company.
- GAC strategic optimization review is ongoing, with initial results expected by Q3 2026.