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Arq, Inc. — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue reached a record $38.2 million (up 9% YoY), while net income turned positive at $2.5 million versus a $0.9 million loss in Q3 2025, driven by a 1,100 basis point gross margin expansion to 39.7% and a 71% YoY increase in Adjusted EBITDA to $8.8 million.
  • Full-year 2026 Adjusted EBITDA guidance was raised to $19–20 million (previously $17–20 million), with revenue and capital expenditure guidance reiterated at $120–125 million and $8–10 million, respectively.
  • Future outlook centers on anticipated meaningful orders for PAC for PFAS™ products in 2027 following the EPA's April 2027 monitoring deadline, alongside ongoing initiatives to improve furnace efficiency and reduce unit costs.
  • Strategic developments include pending patent protection for PAC for PFAS™ products, expanded asphalt testing, and active evaluation of processes to monetize the Corbin Facility and related technologies.
Company
ARQ INC
Sector
Industrials
Industry
Pollution & Treatment Controls