Arq
Makes activated-carbon products for water, air, soil, and emissions control.
Something off on this page? Send us feedback.
Profile
Sells activated-carbon consumables for water treatment, remediation, air-emissions control, biogas purification, and asphalt additives. The operating base is powdered activated carbon in one APT segment, while GAC production and Corbin feedstock remain paused under an optimization review.
Sells consumable air, water, and soil treatment products built primarily around activated carbon. Product families include powdered activated carbon, granular activated carbon, colloidal carbon, Arq Powder Wetcake, and emissions-control additives for utility, industrial, water, remediation, biogas, and asphalt uses.
The business reports one APT segment and is concentrated in North America, with most sales in the United States and additional sales in Canada. Powdered activated carbon is the current operating base, supported by domestic feedstock and customer contracts that usually run for multiple years.
Granular activated carbon and Corbin Wetcake remain structurally important but unresolved. GAC production is paused, the Corbin facility has been idled, and management is reviewing production-process design and economics before setting the next GAC strategy.
Company facts
Key statistics
Year to date −35.3% · Average volume (30d) 234.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Jan 15, 2026 | Canaccord Genuity | Target | $7.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.01 | −$0.02 | −42.9% | $28.6M | $29.9M | +4.6% | +9.66% |
| May 6, 2026Q1 FY26 | −$0.02 | −$0.02 | 0.0% | $27.8M | $29.1M | +4.4% | +12.12% |
| Mar 9, 2026Q4 FY25 | −$0.05 | −$0.07 | −40.0% | $28.6M | $29.4M | +2.9% | −48.75% |
| Nov 5, 2025Q3 FY25 | $0.02 | −$0.02 | −200.0% | $28.6M | $35.1M | +22.7% | −35.43% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $27.2M | $28.6M | $35.1M | $29.4M | $29.1M | $29.9M | |
| Gross profit | $9.9M | $9.5M | $10.1M | $4.0M | $9.9M | $11.5M | |
| Operating income | $662.0K | −$1.6M | −$839.0K | −$6.5M | −$982.0K | −$68.0K | |
| Net income | $203.0K | −$2.1M | −$653.0K | −$50.0M | −$842.0K | −$733.0K | |
| Diluted EPS | $0.00 | −$0.05 | −$0.02 | −$1.20 | −$0.02 | −$0.02 | |
| Gross margin | 36.4% | 33.3% | 28.8% | 13.6% | 34.2% | 38.5% | |
| Operating margin | 2.4% | -5.4% | -2.4% | -22.1% | -3.4% | -0.2% |
Fiscal years (4-quarter sums)FY22 $103.0M · FY23 $99.2M · FY24 $109.0M · FY25 $120.3M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $906.0K · Total debt $17.1M · Total assets $233.0M · Shareholders' equity $168.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 42.93M · Float 31.77M · 74.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Julian Alexander McIntyre · director | 3.30M | 7.69% | Form 4 | Jul 6, 2026 |
| Daniel Kaufman | 2.19M | 5.12% | 13G | Mar 12, 2026 |
| Robert E. Rasmus · director, officer: Chief Executive Officer | 550.7K | 1.28% | Form 4 | Mar 25, 2026 |
| Richard Campbell-Breeden · director | 540.9K | 1.26% | Form 4 | Jul 6, 2026 |
| Joseph M. Wong · officer: Chief Technology Officer | 506.6K | 1.18% | Form 4 | Aug 18, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 4, 2026 | Jay Loring Voncannon | officer: Chief Financial Officer | −16,709 | $2.27 |
| Mar 23, 2026 | Richard Campbell-Breeden | director | +150,000 | $2.21 |
| Mar 17, 2026 | Joseph M. Wong | officer: Chief Technology Officer | +10,000 | $1.89 |
| Mar 13, 2026 | Carol S. Eicher | director | +77,500 | $1.95 |
| Mar 12, 2026 | Claiborne Benson Smith | officer: Gen Counsel, Corp Secretary | +1,000 | $1.92 |
Peers
- Ingevity
Activated-carbon materials peer in emissions and purification
- Xylem
Water-treatment systems peer using GAC and ion-exchange media
