The Tip Desk

Arq, Inc.

Financial highlights

Amounts in millions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$120.3$109.0$99.2$103.0$100.3
Operating income-$53.0-$2.0-$13.3-$12.1$4.9
Net income-$52.6-$5.1-$12.2-$8.9$60.4
Cash Flow Statement
Free cash flow-$11.3-$74.7-$44.2-$15.0$19.8
Dividends——$0.0$<0.1$0.1
Share repurchases———$0.4$0.0

Shares outstanding 43.7M · Free float 59.1%

Annual filing data through FY ended December 31, 2025; float as of September 14, 2026.

Coverage