Quarterly ResultMay 6, 2026, 04:38 PM

Arq Q1 Revenue +6.6% to $29.05M; Swings to $0.84M Net Loss

AI Summary

Arq, Inc. reported a 6.6% increase in revenue to $29.05 million for Q1 2026, but swung to a net loss of $0.84 million from a net income of $0.20 million in the prior year. The company also saw an operating loss of $0.98 million. Despite the loss, net cash provided by operating activities significantly improved to $0.06 million from a use of $5.80 million. Arq amended its revolving credit facility and received a waiver for financial covenants on its CTB Loan.

Key Highlights

Revenue increased 6.6% to $29.05 million for Q1 2026 from $27.25 million in Q1 2025.
Net loss was $0.84 million ($0.02 per share) in Q1 2026, compared to net income of $0.20 million in Q1 2025.
Operating loss was $0.98 million in Q1 2026, a decline from operating income of $0.66 million in Q1 2025.
Net cash provided by operating activities was $0.06 million in Q1 2026, a significant improvement from $5.80 million used in Q1 2025.
Total assets increased to $232.14 million as of March 31, 2026, from $230.58 million at December 31, 2025.
Revolving credit facility borrowings increased to $20.91 million from $18.95 million quarter-over-quarter.
Amended Revolving Credit Agreement to replace minimum liquidity covenant with a $2.5M availability reserve.
Received waiver for CTB Loan financial covenants for FY2025 and suspended testing for FY2026.

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ARQ

Major Chemicals

Arq, Inc.

Price Impact