14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $120M | -$53M | 27.9% | -44.0% | -$11M | $29M | $7M |
| 2024 | $109M | -$5M | 36.2% | -1.8% | -$75M | $25M | $14M |
| 2023 | $99M | -$12M | 32.1% | -13.4% | -$44M | $23M | $45M |
| 2022 | $103M | -$9M | 0.0% | -11.7% | -$15M | $5M | $66M |
| 2021 | $100M | $60M | 0.0% | 4.8% | $20M | $3M | $79M |
| 2020 | $67M | -$20M | 0.0% | -60.8% | $47M | $5M | — |
| 2019 | $70M | $36M | 0.0% | -21.2% | $54M | $20M | $12M |
| 2018 | $24M | $35M | 0.0% | -26.7% | -$10M | $50M | $19M |
| 2017 | $45M | $28M | 0.0% | -9.1% | -$12M | $0 | $31M |
| 2016 | — | $98M | — | — | — | — | $13M |
| 2015 | — | -$30M | — | — | — | — | $9M |
| 2014 | — | $1M | — | — | — | — | $25M |
| 2013 | — | -$16M | — | — | — | — | $38M |
| 2012 | — | -$13M | — | — | — | — | $8M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $29M | -$842000 | 34.2% | -3.4% | -$676000 | $30M | $5M |
| Dec '25 | $29M | -$50M | 13.6% | -174.1% | -$4M | $29M | $7M |
| Sep '25 | $35M | -$653000 | 28.8% | -2.4% | $3M | $26M | $7M |
| Jun '25 | $29M | -$2M | 33.3% | -5.4% | -$1M | $29M | $7M |
| Mar '25 | $27M | $203000 | 36.4% | 2.4% | -$10M | $27M | $6M |
| Dec '24 | $27M | -$1M | 36.3% | 1.5% | -$38M | $25M | $14M |
| Sep '24 | $35M | $2M | 38.6% | 5.8% | -$6M | $22M | $49M |
| Jun '24 | $25M | -$2M | 32.2% | -5.6% | -$22M | $22M | $28M |
| Mar '24 | $22M | -$3M | 36.9% | -13.7% | -$9M | $23M | $35M |
| Dec '23 | $28M | $3M | 49.8% | 11.0% | -$6M | $23M | $45M |
| Sep '23 | $30M | -$2M | 30.6% | -8.5% | -$7M | $23M | $53M |
| Jun '23 | $20M | -$6M | 25.0% | -29.8% | -$10M | $24M | $59M |
| Mar '23 | $21M | -$8M | 17.4% | -37.6% | -$21M | $24M | $68M |
| Dec '22 | $23M | -$3M | 0.0% | -14.4% | -$9M | $5M | $66M |
| Sep '22 | $28M | -$2M | 0.0% | -9.2% | -$5M | — | $76M |
| Jun '22 | $25M | -$326000 | 0.0% | -11.1% | -$2M | — | $81M |
| Mar '22 | $26M | -$3M | 0.0% | -12.6% | $735000 | — | $80M |
| Dec '21 | $26M | $6M | 34.4% | 3.0% | $513000 | $3M | $79M |
| Sep '21 | $31M | $24M | 35.3% | 10.7% | $6M | $4M | — |
| Jun '21 | $21M | $17M | 30.1% | 2.1% | -$7M | $8M | — |
How the market has priced ARQ against its own fundamentals since 2024-02 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Arq, Inc.'s revenue has grown 12.3% per year. These are computed facts, not advice.
As of FY2025, Arq, Inc. reported $29M of total debt against $7M of cash; operating income covered interest expense -21.6×.
In FY2025, gross margin was 27.9%, operating margin -44.0%, and net margin -43.7%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.