Arq, Inc. (ARQ) Income Statement
ARQ FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsARQ revenue and net income
Where ARQ's revenue goes
FY2025Each bar shows an amount and its share of revenue. ARQ kept −43.7% of revenue as net income.
ARQ profit margins
ARQ growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.4% | +5.3% | +12.3% | — |
| Gross profit | −15.0% | +14.2% | +14.6% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ARQ quarterly EPS vs estimates
Arq beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.04).
ARQ income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $120.3M | $109.0M | $99.2M | $103.0M | $100.3M | $67.4M | $70.1M | $23.9M | $45.4M | $50.6M |
| Cost of revenue | $86.8M | $69.5M | $67.3M | $80.5M | $65.6M | $50.4M | $49.4M | $6.3M | $31.9M | $39.8M |
| Gross profit | $33.5M | $39.4M | $31.9M | $22.5M | $34.7M | $17.0M | $20.6M | $17.7M | $13.5M | $10.8M |
| Research & development | $7.3M | $4.0M | $3.3M | $2.1M | $4.0M | $3.0M | — | — | $157,000 | $648,000 |
| Sales, general & admin | $22.6M | $28.7M | $37.4M | $28.1M | $24.6M | $26.9M | $28.2M | $23.4M | $16.8M | $26.6M |
| Total operating expenses | $41.6M | $41.4M | $45.2M | $34.6M | $29.9M | $57.9M | $35.5M | $24.1M | $17.6M | $26.9M |
| Operating income | −$8.1M | −$2.0M | −$13.3M | −$12.1M | $4.9M | −$41.0M | −$14.9M | −$6.4M | −$4.1M | −$16.1M |
| Interest income | — | $1.1M | $1.8M | $239,000 | $326,000 | $127,000 | — | — | — | — |
| Interest expense | $2.4M | $3.3M | $3.0M | $336,000 | $1.5M | $3.9M | $7.2M | $2.2M | $3.0M | $5.1M |
| Income before taxes | −$52.6M | −$5.3M | −$12.1M | −$8.7M | $76.1M | −$13.8M | $47.5M | $45.9M | $52.0M | $36.7M |
| Income taxes | $12,000 | −$164,000 | $153,000 | $209,000 | $15.7M | $6.5M | $12.0M | $10.4M | $24.2M | −$60.9M |
| Net income | −$52.6M | −$5.1M | −$12.2M | −$8.9M | $60.4M | −$20.3M | $35.5M | $35.5M | $27.9M | $97.7M |
| EBITDA | −$38.4M | $6.6M | $1.5M | −$2.0M | $85.5M | −$1.3M | $62.1M | $48.8M | $55.8M | $42.8M |
| EPS (diluted) | −$0.06 | −$0.01 | −$1.19 | −$0.30 | $3.00 | −$0.66 | $1.79 | $1.73 | $4.35 | $0.65 |
| Gross margin | 27.9% | 36.2% | 32.1% | 21.9% | 34.6% | 25.2% | 29.5% | 73.9% | 29.7% | 21.3% |
| Operating margin | −6.7% | −1.8% | −13.4% | −11.7% | 4.8% | −60.8% | −21.2% | −26.7% | −9.1% | −31.8% |
| Net margin | −43.7% | −4.7% | −12.3% | −8.7% | 60.2% | −30.1% | 50.7% | 148.1% | 61.4% | 193.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.9M | $29.1M | $29.4M | $35.1M | $28.6M | $27.2M | $27.0M | $34.8M | $25.4M | $21.7M | $28.1M | $29.8M |
| Cost of revenue | $18.4M | $19.1M | $25.4M | $25.0M | $19.1M | $17.3M | $17.2M | $21.3M | $18.9M | $15.4M | $14.1M | $23.4M |
| Gross profit | $11.5M | $9.9M | $4.0M | $10.1M | $9.5M | $9.9M | $9.8M | $13.4M | $6.5M | $6.3M | $14.0M | $6.4M |
| Research & development | $958,000 | $982,000 | $1.2M | $2.6M | $2.7M | $874,000 | $709,000 | $787,000 | $929,000 | $1.6M | $3.3M | $639,000 |
| Sales, general & admin | $6.8M | $7.4M | $6.0M | $4.6M | $5.9M | $6.1M | $7.7M | $8.1M | $7.0M | $7.7M | $7.7M | $8.9M |
| Total operating expenses | $11.6M | $10.9M | $10.5M | $10.9M | $11.1M | $9.3M | $9.4M | $11.4M | $7.9M | $9.3M | $10.9M | $8.9M |
| Operating income | −$68,000 | −$982,000 | −$6.5M | −$839,000 | −$1.6M | $662,000 | $413,000 | $2.0M | −$1.4M | −$3.0M | $3.1M | −$2.5M |
| Interest expense | $748,000 | $705,000 | $544,000 | $587,000 | $594,000 | $724,000 | $831,000 | $806,000 | $829,000 | $791,000 | $859,000 | $787,000 |
| Income before taxes | −$733,000 | −$842,000 | −$50.0M | −$653,000 | −$2.1M | $203,000 | −$1.5M | $1.6M | −$1.9M | −$3.4M | $3.5M | −$2.2M |
| Income taxes | — | — | $12,000 | — | — | — | −$194,000 | — | $30,000 | — | $186,000 | — |
| Net income | −$733,000 | −$842,000 | −$50.0M | −$653,000 | −$2.1M | $203,000 | −$1.3M | $1.6M | −$2.0M | −$3.4M | $3.3M | −$2.2M |
| EBITDA | $3.9M | $1.0M | −$46.1M | $3.7M | $946,000 | $3.1M | $1.8M | $5.1M | $549,000 | −$912,000 | $7.6M | $1.3M |
| EPS (diluted) | −$0.01 | −$0.02 | −$0.11 | −$0.02 | −$0.01 | $0.00 | −$0.03 | $0.04 | −$0.06 | −$0.09 | $0.10 | −$0.07 |
| Gross margin | 38.5% | 34.2% | 13.6% | 28.8% | 33.3% | 36.4% | 36.3% | 38.6% | 25.7% | 29.0% | 49.8% | 21.5% |
| Operating margin | −0.2% | −3.4% | −22.1% | −2.4% | −5.4% | 2.4% | 1.5% | 5.8% | −5.6% | −13.7% | 11.0% | −8.5% |
| Net margin | −2.5% | −2.9% | −170.0% | −1.9% | −7.5% | 0.7% | −5.0% | 4.7% | −7.7% | −15.7% | 11.7% | −7.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ARQ's financial statements (latest annual report filed March 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ARQ financial results
In fiscal year 2025 (ended September 30, 2025), Arq reported revenue of $120.3 million, up 10.4% from the year before. It had a net loss of $52.6 million, a net profit margin of −43.7%. Diluted earnings per share came to −$0.06. Over five years revenue grew at an average rate of 12.3% a year.
See the ARQ stock overview for the latest quote and news, or the ARQ chart for price history and technical indicators.
ARQ income statement FAQ
What is Arq's annual revenue?
Arq reported total revenue of $120.3 million for fiscal year 2025, which ended on September 30, 2025. That was up 10.4% from $109.0 million the previous year.
Is Arq profitable?
No. Arq reported a net loss of $52.6 million in fiscal 2025, a net profit margin of −43.7%; its operating margin was −6.7%.
What is Arq's gross margin?
Arq's gross margin was 27.9% in fiscal 2025: for every $100 of revenue, Arq kept $28 after the direct cost of its products and services.
How much does Arq spend on research and development?
Arq spent $7.3 million on research and development in fiscal 2025, 6.1% of revenue.
How fast is Arq growing?
Revenue grew 12.3% a year on average over the last five fiscal years, from $67.4 million to $120.3 million.
What are Arq's earnings per share?
Arq earned $-0.06 per diluted share in fiscal 2025, compared with $-0.01 a year earlier.
When will Arq report its next earnings?
Arq is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Arq's fiscal year end?
Arq's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on March 10, 2026.