ARQ · XBRL financial data

Arq financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (ARQ's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	61,577	100,294	—	—	—	—
Cost of goods and services sold	—	—	—	67,323	69,515	86,804
Research and development	1,000	400	400	3,300	4,050	7,337
Selling, general and administrative	—	—	—	34,069	28,695	22,554
General and administrative	8,228	7,060	8,145	12,641	—	—
Total operating expenses	102,558	95,442	115,055	112,518	41,403	86,490
Operating income (loss)	(40,981)	4,852	(12,068)	(13,335)	(1,959)	(52,958)
Interest expense	3,920	1,490	336	3,014	3,257	2,449
Other income (expense)	132	640	155	2,630	1,238	858
Income tax expense (benefit)	6,511	15,672	209	153	(164)	12
Net income (loss)	(20,302)	60,401	(8,917)	(12,249)	(5,109)	(52,610)
Earnings per share, basic USD per share	(1.12)	3.31	(0.48)	(0.42)	(0.14)	(1.27)
Earnings per share, diluted USD per share	(1.12)	3.27	(0.48)	(0.42)	(0.14)	(1.27)
Weighted average shares, basic thousands of shares	18,044	18,258	18,453	29,104	36,051	41,522
Weighted average shares, diluted thousands of shares	18,044	18,461	18,453	29,104	36,051	41,522

Fiscal years (ARQ's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	35,932	78,753	66,432	45,361	13,516	6,573
Accounts receivable	13,125	12,622	13,864	16,192	14,876	14,980
Inventory	9,882	7,850	17,828	19,693	19,314	15,895
Prepaid and other current assets	4,597	6,661	7,538	5,215	4,650	6,404
Total current assets	61,989	108,367	105,662	86,461	52,356	43,852
Right-of-use asset	1,930	6,000	7,734	10,592	9,312	6,793
Total assets	146,671	185,436	181,164	235,502	284,368	230,580
Accounts payable	7,849	10,009	—	—	—	—
Current portion of long-term debt	18,441	1,011	1,131	2,653	15,452	20,013
Total current liabilities	42,543	22,621	23,884	23,048	44,653	42,297
Long-term debt	5,445	3,152	3,450	18,274	9,370	8,452
Lease liability, non-current	1,109	4,178	5,133	8,870	7,460	6,086
Total liabilities	61,461	38,135	41,185	57,102	67,092	62,617
Retained earnings	32,454	92,864	83,949	71,543	66,434	13,824
Total stockholders' equity	85,210	147,301	139,979	178,400	217,276	167,963
Total liabilities and equity	146,671	185,436	181,164	235,502	284,368	230,580
Common shares outstanding (cover page) thousands of shares	18,519	18,841	26,824	33,238	42,014	42,849

Fiscal years (ARQ's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(20,302)	60,401	(8,917)	(12,249)	(5,109)	(52,610)
Stock-based compensation	2,496	1,927	1,981	2,648	2,715	3,363
Depreciation and amortization	8,537	7,933	6,416	10,543	8,594	11,747
Net cash from operating activities	54,469	25,999	(6,061)	(16,653)	10,477	(2,730)
Net cash from investing activities	(7,887)	44,378	(4,608)	(28,535)	(85,074)	(8,161)
Share repurchases	159	0	—	—	—	—
Dividends paid	4,979	93	45	0	—	—
Net cash from financing activities	(27,730)	(17,529)	(1,679)	22,909	42,679	3,696
Net change in cash	18,852	52,848	(12,348)	(22,279)	(31,918)	(7,195)

SIC 2890 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 2890 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Arq	7,752	38,209	10,344*	44.2M	—	Q3 FY26 10-QSep 30, 2026
Flotek Industries	4,402	99,367	(6,601)*	36.2M	0.7 quarters	Q2 FY26 10-QJun 30, 2026
ASP Isotopes	219,596	5,123	(23,334)*	153.3M	10.9 quarters	Q2 FY26 10-QJun 30, 2026
Orion	71,300	472,800	57,800*	56.5M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.