{"filings":[{"id":1416080,"accession_number":"0001515156-26-000085","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-07-02T20:33:09+00:00","items":["5.02","9.01"],"status":"ready","headline":"Arq CAO Stacia Hansen resigns; receives $108,333 severance under separation agreement","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Stacia Hansen resigned as Chief Accounting Officer effective June 12, 2026.","Separation agreement provides $108,333 severance (4 months base salary) paid biweekly.","Agreement includes release of claims, confidentiality, non-disparagement, and return of company property.","Effective date June 30, 2026 after statutory revocation period expired."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1139316,"accession_number":"0001515156-26-000075","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-06-18T20:31:11+00:00","items":["5.02"],"status":"ready","headline":"Arq appoints interim CAO Peter Owino; CEO Rasmus designated interim PFO until new CFO starts July 27","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Peter Owino named Interim Chief Accounting Officer effective June 12, 2026; consulting fee $350/hour, capped at $63,000/month via Princeton Business Consulting.","CEO Bob Rasmus designated as principal financial officer until Shimon Steinmetz begins as CFO on or around July 27, 2026.","Mr. Owino has over 20 years of accounting and finance experience, including as Corporate Controller of Colliers Engineering & Design from 2024 to 2026.","Consulting agreement with Princeton Business Consulting has indefinite term, terminable on 30 days' notice."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1000998,"accession_number":"0001515156-26-000073","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-06-11T20:31:36+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Arq stockholders approve 2026 Omnibus Incentive Plan (1.5M shares) and elect directors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Elected directors: Bergman, Blank, Campbell-Breeden, Eicher, McIntyre, Rasmus.","Say-on-pay approved with 21.6M for, 0.67M against, 0.13M abstain.","Baker Tilly ratified as auditor for FY2026 with 31.9M for.","2026 Omnibus Incentive Plan authorized 1.5M new shares plus carryover from prior plans.","Ninth Amendment to Tax Asset Protection Plan also approved."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":696556,"accession_number":"0001515156-26-000069","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-05-27T20:32:10+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"Arq appoints Shimon Steinmetz as CFO, CAO Stacia Hansen resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Shimon Steinmetz appointed EVP & CFO effective on or before July 27, 2026.","Steinmetz receives $500K base salary, 50% target bonus, 80% LTI target; plus 250K RSAs and 150K PSUs with stock price hurdles ($8, $10, $15 VWAP).","Stacia Hansen resigns as Chief Accounting Officer and Treasurer, effective June 12, 2026; no disagreement cited.","Steinmetz has over 20 years experience, prior CFO at Finjan Holdings and Vesta, and stints at Alvarez & Marsal and investment banking."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93326,"accession_number":"0001515156-26-000064","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq Q1 revenue up 7% to $29.1M but net loss of $0.8M; reaffirms FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $29.1M in Q1 2026 vs $27.2M in Q1 2025; gross margin 34.2% vs 36.4%.","Net loss of $0.8M vs net income of $0.2M in Q1 2025.","Adjusted EBITDA $2.7M vs $4.1M YoY; includes $0.8M non-cash inventory revaluation.","Cash and restricted cash $15.9M at quarter end, of which $11.2M restricted.","FY2026 guidance reaffirmed: revenue $120-125M, adjusted EBITDA $17-20M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":29053000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93325,"accession_number":"0001515156-26-000057","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-05-01T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Arq finalizes separation agreements with former COO and CFO, including cash severance and equity acceleration","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["COO Williamson receives 12 months' base salary (~$361,500), COBRA lump-sum, accelerated vesting of 34,270 restricted stock and 49,736 PSUs.","CFO Voncannon gets accelerated vesting of 50,000 restricted shares; no additional cash severance beyond statutory COBRA.","Both departures effective April 18, 2026; separation agreements became effective April 29, 2026 after revocation period."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93324,"accession_number":"0001515156-26-000045","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-04-17T23:59:59+00:00","items":["1.01","3.03","9.01"],"status":"ready","headline":"ARQ extends Tax Asset Protection Plan expiration to Dec 31, 2027","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Ninth Amendment extends TAPP final expiration to Dec 31, 2027 (or Dec 31, 2026 without stockholder approval).","Amendment entered with Computershare Trust Company as Rights Agent.","Plan designed to protect ARQ's tax assets from ownership changes under Section 382.","No other material changes to the existing TAPP terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":93323,"accession_number":"0001515156-26-000041","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-04-01T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Arq enters fifth amendment to credit agreement, adjusts liquidity covenant and borrowing base","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Replaces minimum liquidity covenant with $2.5M availability reserve, increasing to $5M in Jan 2027.","Adds eligible equipment and Rolling Stock to borrowing availability calculation.","Permits higher single customer concentration in Eligible Accounts until August 2026.","Fifth amendment to Credit, Security and Guaranty Agreement with MidCap Funding IV Trust dated March 31, 2026.","Amendment fee paid; conditions satisfied; reaffirms security interests and representations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104860,"accession_number":"0001515156-26-000020","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-03-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq reports record $120M revenue but $52.6M net loss; $45M impairment on Corbin; pauses GAC","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY 2025 revenue $120.3M (+10% YoY); Q4 revenue $29.4M.","FY 2025 net loss $52.6M vs $5.1M loss in FY 2024; non-cash impairment charge of $45M related to Corbin assets.","Adjusted EBITDA $13.2M in FY 2025 vs $10.5M prior year (26% improvement); Q4 Adjusted EBITDA $0.3M.","Pausing GAC production and development for comprehensive engineering and process optimization review.","Appointed industry veteran as VP Operations; provided inaugural financial guidance for full-year 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104859,"accession_number":"0001515156-26-000008","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-03-03T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Arq amends credit agreement to lower minimum liquidity covenant through March 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Fourth Amendment to revolving credit agreement with MidCap Funding IV Trust, dated Feb 27, 2026.","Minimum liquidity reduced to $2.0M through March 31, 2026, then $5.0M thereafter (previously higher).","Inventory borrowing base capped at 50% of revolver limit until March 31, then 40% after.","Individual account concentration limit set at 40% until March 31, then 25%; top two at 50%, then 40%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":104858,"accession_number":"0001515156-26-000002","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2026-01-29T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Arq amends credit agreement; borrow-base & liquidity relief extended to Feb 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Third Amendment to Revolving Credit Agreement with MidCap Funding IV Trust.","Inventory borrowing base advance rate: 50% thru 2/27/2026, then drops to 40%.","Minimum liquidity reduced to $2.0M until 2/27/2026, then steps up to $5.0M.","Eligible accounts concentration limits raised temporarily until Feb 2026.","All other terms of the $125M credit facility remain unchanged per filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121123,"accession_number":"0001515156-25-000151","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-12-11T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Arq amends credit agreement; liquidity floor cut to $2M through Jan 30, 2026","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Minimum liquidity reduced from $5M to $2M for Dec 10, 2025–Jan 30, 2026; reverts to $5M after Jan 31, 2026.","Borrowing base inventory cap lowered to 50% (Dec 10–Jan 30) then 40% after; concentration limits also tightened.","Second Amendment with MidCap Funding IV Trust; amendment fee paid (amount redacted as confidential).","All Credit Parties reaffirm security interest and release Agent/Lenders from pre-existing claims."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":121122,"accession_number":"0001515156-25-000139","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq Q3 2025 revenue $35.1M (+1% YoY); adj. EBITDA $5.2M (6th consecutive positive)","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $35.1M, up 1% YoY; average selling price increased 7% year-over-year.","Adjusted EBITDA of $5.2M, sixth consecutive positive quarter; net loss improved to $0.7M.","Gross margin 28.8% vs 38.6% a year ago, driven by initial GAC production ramp costs.","Achieved initial commercial-phase Granular Activated Carbon (GAC) production and sales.","Full-year 2025 capex guidance unchanged at $8-12M; cash & restricted cash $15.5M at quarter end."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.06,"consensus_revenue_estimate":null,"consensus_revenue_actual":90905000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137763,"accession_number":"0001515156-25-000118","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K/A","filed_at":"2025-08-14T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Arq board adopts annual Say-on-Pay votes after stockholder preference at 2025 meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Stockholders at June 3, 2025 annual meeting voted in favor of annual Say-on-Pay votes.","Board determined to hold future advisory votes on executive compensation every year.","Next required non-binding frequency vote will occur no later than the 2031 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.12,"calibrated_materiality_score":0.12,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137765,"accession_number":"0001515156-25-000115","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-08-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq Q2 revenue up 13% to $28.6M, Adj. EBITDA $3.7M; commissions first GAC line at Red River","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $28.6M (+13% YoY); ASP +9%; gross margin improved to 33.3% from 32.2%.","Adjusted EBITDA $3.7M vs $1.1M in Q2 2024, up >200%; 5th consecutive positive quarter.","Cash and restricted cash $15.4M as of June 30; FY2025 capex guidance unchanged at $8-12M.","Commenced first granular activated carbon (GAC) line at Red River; targeting FID for second line by year-end 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.05,"consensus_revenue_estimate":null,"consensus_revenue_actual":55831000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":137764,"accession_number":"0001515156-25-000099","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-08-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Arq successfully commissions first GAC line at Red River; targeting 25M lbs annual production","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["First granular activated carbon line commissioned at Red River; initial sales revenue from test shipments.","Ramp-up underway to reach full nameplate capacity of 25 million pounds within six months.","Existing supply agreements to be fulfilled; contract negotiations for remaining capacity ongoing.","CEO highlights strong GAC demand, constrained supply, and Arq's unique market position.","Next expansion phase planned after ramp-up and contracting milestones achieved."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":155153,"accession_number":"0001515156-25-000085","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-06-09T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"Arq changes auditor to Baker Tilly after Moss Adams merger","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Moss Adams merged with Baker Tilly effective June 3, 2025; Moss Adams resigned as auditor.","Audit committee approved Baker Tilly as successor independent registered public accounting firm.","No disagreements or reportable events occurred during Moss Adams' tenure or interim period.","Moss Adams' letter to the SEC agreeing with disclosures is filed as Exhibit 16.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":155152,"accession_number":"0001515156-25-000082","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-06-06T23:59:59+00:00","items":["5.02","5.07","8.01","9.01"],"status":"ready","headline":"Arq annual meeting: Wells and Li depart, new board committee chairs","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["L. Spencer Wells and Gilbert Li did not stand for reelection, ending board service as of June 3, 2025.","Stockholders elected all six director nominees; say-on-pay approved with 22.1M votes (96.3% of votes cast).","Board appointed Richard Campbell-Breeden as Chair; Bergman chairs Audit, Campbell-Breeden Comp, Eicher Nominating."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":155151,"accession_number":"0001515156-25-000060","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq Q1 2025: revenue $27.2M (+25% YoY), net income $0.2M, CFO appointed","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $27.2M (+25% YoY); ASP up 13% YoY, 8th consecutive double-digit growth.","Net income $0.2M vs net loss $3.4M in Q1 2024; Adjusted EBITDA $4.1M vs ($0.4M).","Gross margin 36.4% with GAC start-up costs; all PAC contracts now net cash positive.","Signed second largest PAC contract in company history.","Appointed Jay Voncannon as CFO (35-year veteran); first commercial GAC production expected by end of Q2/early Q3 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":0.0,"consensus_revenue_estimate":null,"consensus_revenue_actual":27247000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":155150,"accession_number":"0001515156-25-000054","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-05-06T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Arq delays GAC facility commercial production to Q2/Q3 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Mechanical completion of GAC facility at Red River Plant achieved Jan 2025.","First commercial production now expected by end of Q2 or early Q3 2025 (previously Q1 2025).","Small non-commercial volumes produced but not yet consistent for commercial scale.","No material increase in remaining GAC facility capex expected due to delay.","Reiterates 3-6 month ramp-up to 25M lb annual nameplate capacity after first commercial production."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":155149,"accession_number":"0001515156-25-000038","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-04-11T23:59:59+00:00","items":["1.01","3.03","9.01"],"status":"ready","headline":"Arq extends Tax Asset Protection Plan through Dec 2026; requires shareholder approval by Dec 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Eighth Amendment extends Final Expiration Date to Dec 31, 2026, or Dec 31, 2025 if shareholder approval not obtained.","Amendment between Arq, Inc. and Computershare Trust Company, N.A. as Rights Agent.","Plan originally dated May 5, 2017; no other material changes described.","Extension aims to preserve tax attributes; is a standard poison-pill continuation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":155148,"accession_number":"0001515156-25-000026","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-04-02T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Arq appoints 35-year finance veteran Jay Voncannon as CFO effective April 2, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jay Voncannon appointed CFO of Arq effective April 2, 2025.","Annual base salary $250,000; target bonus 100% of salary; 50,000 restricted shares vesting in 2 years.","Voncannon was CFO of CoorsTek and spent 20+ years at Koch Industries.","Stacia Hansen steps down as principal financial officer but remains CAO.","Appointment positions Arq for accelerated growth in activated carbon market."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173667,"accession_number":"0001515156-25-000012","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-03-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq FY2024: Revenue up 10% to $109M; Adj EBITDA $7.7M vs -$2.6M prior year","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY2024 revenue $109.0M (+10% YoY); Q4 revenue $27.0M; ASP up ~14% YoY in Q4, seventh straight double-digit YoY increase.","FY2024 gross margin 36.2% (up ~410 bps YoY); Q4 gross margin 36.3% vs 49.8% (Q4 2023 included $4.7M non-recurring benefit).","Net loss improved to $5.1M in FY2024 from $12.2M prior year; Q4 net loss $1.3M vs net income $3.3M.","Adjusted EBITDA $7.7M for FY2024 vs -$2.6M in FY2023; Q4 Adj EBITDA $3.3M vs $7.2M.","Closed $30M ABL facility to lower financing costs; GAC facility first production expected before Q1 2025 end; nameplate capacity 25M lbs in H2 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173666,"accession_number":"0001515156-25-000005","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-02-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Arq GAC project on track for Q1 2025 production; FY24 capex ~$80M; sues design firm for cost overruns","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Initial GAC production at Red River remains on track for Q1 2025; full run-rate of 25M lbs targeted for H2 2025.","FY 2024 capex for GAC expansion slightly above expectations at ~$80M; attributed to additional professional services and small-bore piping.","Commenced legal proceedings against design firm for negligence/breach of contract causing material cost increases and delays; seeks damages.","Customer negotiations progressing; holding back additional contract commitments to diversify end-use markets and optimize profitability.","Company expects no impact on product performance or timeline from legal action; production schedule unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":173665,"accession_number":"0001515156-25-000002","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2025-01-02T23:59:59+00:00","items":["1.01","1.02","2.03","7.01","9.01"],"status":"ready","headline":"Arq closes $30M revolving credit facility, refinances prior term loan","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $30M asset-based revolver with MidCap Financial; 5-year term, SOFR+4.5% (floor 2.5%).","Borrowing base: 85% eligible AR + 85% net orderly liquidation value of inventory.","Proceeds used to repay ~$11.45M CF Global Term Loan (incl. $220K prepayment premium).","Funds also support growth capex at Red River plant and working capital needs.","Board member Jeremy Blank had indirect 10% earnings interest in prior CF Global loan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":190626,"accession_number":"0001515156-24-000172","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq Q3 revenue $34.8M (+17% YoY), net income $1.6M, raised $27M equity","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $34.8M (+17% YoY); gross margin 38.6% (up 800 bps YoY); ASP up 15% YoY, 6th consecutive double-digit YoY increase.","Net income $1.6M vs net loss $2.2M in Q3 2023; Adjusted EBITDA $5.1M vs $0.9M prior year.","Raised ~$27M net equity in oversubscribed September 2024 offering; cash and restricted cash $57.4M at quarter end.","Red River GAC project: first deliveries on track for Q1 2025; ramp to 25M nameplate by end Q1 2025; potential 10-20% capacity increase with no added capex.","FY2024 capex forecast remains $60-70M, with $20-25M expected in Q4."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":81919000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":207120,"accession_number":"0001515156-24-000163","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-09-20T23:59:59+00:00","items":["1.01","1.02","8.01","9.01"],"status":"ready","headline":"Arq prices $25M public offering of 4.77M shares at $5.25; terminates Red River construction contract","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Priced underwritten offering of 4,770,000 shares at $5.25/share; gross proceeds ~$25M.","Net proceeds ~$23.1M ($26.6M if underwriters exercise 715,500-share option); use for capex, working capital, debt.","Terminated construction contract with Wieland-Davco for Red River GAC facility; will manage construction internally.","CEO Robert Rasmus expected to participate in offering; board granted exemption under Tax Asset Protection Plan.","Offering expected to close September 23, 2024; Canaccord Genuity and Roth Capital Partners are joint bookrunners."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":207119,"accession_number":"0001515156-24-000145","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-08-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq Q2 revenue up 24% YoY to $25.4M; Adj. EBITDA turns positive at $0.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $25.4M (+24% YoY); ASP up 16% YoY; gross margin improved to 32% from 25%.","Net loss narrowed to $2.0M from $5.9M; Adjusted EBITDA of $0.5M vs. -$3.0M prior year.","Red River GAC: 52% of nameplate capacity contracted; first deliveries on track for Q1 2025.","Cash & restricted cash $37.2M; FY2024 capex forecast unchanged at $60-$70M."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.16,"consensus_revenue_estimate":null,"consensus_revenue_actual":47145000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":224471,"accession_number":"0001515156-24-000109","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-06-13T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"Arq stockholders approve 2024 Omnibus Incentive Plan authorizing up to 2.5M shares","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders approved 2024 Omnibus Incentive Plan at June 10, 2024 annual meeting; authorizes up to 2,500,000 new shares plus any remaining shares under prior plans.","All eight director nominees elected (Bergman, Blank, Campbell-Breeden, Eicher, Li, McIntyre, Rasmus, Wells) with >85% votes for.","Advisory say-on-pay proposal passed with ~80% support (10,453,343 for vs 1,936,744 against).","Ratification of Moss Adams LLP as independent auditor approved with 18,000,084 votes for.","Seventh Amendment to Tax Asset Protection Plan approved (11,183,422 for vs 1,186,879 against)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":224470,"accession_number":"0001515156-24-000097","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-05-16T23:59:59+00:00","items":["1.01","3.02","7.01","9.01"],"status":"ready","headline":"Arq raises ~$15M in PIPE at $7.00/sh, 5.7% dilution from new investor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Issued 2,142,858 shares at $7.00 each, gross proceeds ~$15M via unsolicited institutional offer.","PIPE priced at 3% discount to May 15 close ($7.25); adds 5.7% fully diluted ownership.","CEO says transaction accretive, de-risks Red River investment, lowers cost of capital.","Proceeds for working capital, capex; registration statement for resale to be filed.","Closing expected May 16, 2024; customary conditions apply."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":224469,"accession_number":"0001515156-24-000092","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-05-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq Q1 revenue up 4% to $21.7M, net loss narrows to $3.4M; secures first GAC contract for 20% capacity","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $21.7M (+4% YoY); ASP up 16% YoY; gross margin 37% vs 17% prior year.","Net loss $3.4M vs prior year; Adjusted EBITDA loss $1.1M vs loss $7.7M.","Secured first GAC contract covering ~20% of capacity at attractive pricing.","Red River expansion on schedule for first production Q4 2024, expected payback ≤3 years.","Updated FY2024 capex to $60-70M from $55-60M due to steel/concrete costs."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":21740000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":224468,"accession_number":"0001515156-24-000073","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-04-16T23:59:59+00:00","items":["1.01","3.03","9.01"],"status":"ready","headline":"Arq extends Tax Asset Protection Plan through Dec 2025, conditional on shareholder approval","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Seventh Amendment to TAPP extends Final Expiration Date to earlier of Dec 31, 2025 or Dec 31, 2024 if stockholder approval not obtained.","Plan originally dated May 5, 2017; Rights Agent is Computershare Trust Company, N.A.","Amendment modifies definition of 'Final Expiration Date' and makes associated changes.","Routine extension to preserve net operating loss carryforwards; no other material changes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243778,"accession_number":"0001515156-24-000037","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-03-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Arq Q4 2023 net income $3.3M, revenue $28.1M (+20% YoY), first profitable quarter since Q4 2021","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $28.1M (+20% YoY) driven by higher prices, mix, and $4.7M take-or-pay; net income $3.3M vs loss a year ago.","Gross margin improved to 50%; Adjusted EBITDA $7.2M, second consecutive positive quarter (Q3: $0.9M).","Ended 2023 with cash & restricted cash $54.2M; FY2024 capex forecast $55-60M, Red River Phase 1 ~$45-50M.","Granular Activated Carbon (GAC) growth business remains on schedule for commissioning by Q4 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243777,"accession_number":"0001515156-24-000029","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-02-13T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Arq, Inc. amends supply agreement with Norit Americas, modifying product mix and volume terms","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Amendment changes the mix of furnace products purchased by Norit Americas, including PAC and GAC.","Maximum annual volume increased to 100 million pounds (90 million for 2024) under the agreement.","New monthly ordering procedures and Level Load requirements for products were introduced.","Stranded cost recovery triggered if Buyer purchases less than 95% of Annual Target Volume in a year.","Capital projects to increase GAC capacity to 35 million pounds per contract year upon completion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243776,"accession_number":"0001515156-24-000024","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-01-31T23:59:59+00:00","items":["5.03","8.01","9.01"],"status":"ready","headline":"Advanced Emissions Solutions rebrands to Arq, Inc.; begins trading under ARQ ticker on Feb 1, 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Filed amendment to certificate of incorporation to change name to Arq, Inc., effective Feb 1, 2024.","Common stock ticker changes from ADES to ARQ at market open on Feb 1, 2024.","CEO Bob Rasmus will ring Nasdaq opening bell on Feb 1, 2024 to celebrate rebrand.","Rebrand reflects transformation to a leading supplier of activated carbon and purification solutions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":243775,"accession_number":"0001515156-24-000005","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2024-01-24T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"ADES signs GAC expansion contract; cost $45-50M, completion Q4 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Contract with Wieland-Davco on cost-plus basis; total construction and equipment cost estimated at $45-50M, up 20% from prior guidance.","Mobilization underway; mechanical completion anticipated by Q4 2024; facility will add 25M lbs of granular activated carbon capacity.","Corbin facility on track and within budget; commissioning activities begin March 2024.","CEO expects to sign sales contracts for the 25M lb expansion well before Q4 2024 completion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":261183,"accession_number":"0001515156-23-000134","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-11-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ADES Q3 consumables revenue $29.8M (+5% YoY); gross margin improves to 30.6% from 24.1%; Adjusted EBITDA positive $0.9M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consumables revenue $29.8M (Q3 2023) vs $28.4M (Q3 2022); net loss narrowed to $2.2M from $2.4M.","Consumables gross margin 30.6% vs 24.1% in prior year; driven by higher selling prices and product mix.","Consolidated Adjusted EBITDA $0.9M vs -$0.5M (prior year); year-to-date Adj. EBITDA loss $9.8M (includes $4.9M Arq transaction costs).","Appointed Jeremy \"Deke\" Williamson as COO effective Sep 18, 2023.","Capex guidance $35-40M for 2023; received air permit and started phase one construction at Red River for granular activated carbon."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.56,"consensus_revenue_estimate":null,"consensus_revenue_actual":71079000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":261182,"accession_number":"0001515156-23-000132","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-11-08T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Advanced Emissions Solutions appoints Stacia Hansen as CAO, succeeding Morgan Fields","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Hansen appointed Chief Accounting Officer effective Nov 6, 2023; Fields to depart Dec 21, 2023.","Hansen's base salary $250,000, target bonus 50%, LTIP target 65% of base salary.","Hansen has been with company since 2015, most recently Director of SEC Reporting.","Fields to receive severance benefits per her employment agreement for termination without cause.","Hansen's agreement provides 12 months base salary and accelerated equity upon qualifying termination."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":278445,"accession_number":"0001515156-23-000122","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-09-18T23:59:59+00:00","items":["5.02","8.01","9.01"],"status":"ready","headline":"ADES appoints Jeremy 'Deke' Williamson as COO effective Sept. 18, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Williamson joins from Hi-Crush, where he was SVP of Production & Distribution Operations.","Employment agreement: $350K base salary, 50% target bonus, 65% LTI target, $100K sign-on bonus.","Inducement awards: 25,000 RSAs vesting over 3 years and 25,000 RSAs vesting at 6 months.","Severance includes 12 months base salary, accelerated RSA vesting, and 12 months COBRA if terminated without cause.","Press release highlights goal of becoming the only vertically integrated GAC producer in North America."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":278444,"accession_number":"0001515156-23-000117","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-08-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Advanced Emissions Solutions Q2 net loss widens to $5.9M; revenue down 17% on weaker demand","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 consumables revenue $20.4M, down from $24.7M YoY; net loss $5.9M vs $0.3M loss prior year.","Consolidated Adjusted EBITDA loss $3.0M vs +$2.2M in Q2 2022; operating loss $6.1M vs $2.7M.","Cash $67.6M (incl. restricted) vs $76.4M year-end 2022; total debt $21.4M up from $4.6M.","CEO Rasmus notes lower natural gas pricing hit demand; capital projects on track with $40-45M FY2023 capex guide."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.53,"consensus_revenue_estimate":null,"consensus_revenue_actual":41250000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":278442,"accession_number":"0001515156-23-000111","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K/A","filed_at":"2023-08-03T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Advanced Emissions Solutions details CEO Greg Marken's severance and advisor agreement","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Greg Marken transitioned out as President and CEO effective July 17, 2023, remains employee through Aug 28, 2023.","Severance includes accelerated vesting of 49,715 restricted shares and continued eligibility for pro rata PSUs: 2021: 25,941, 2022: 15,988, 2023: 19,834.","Advisor services agreement from Aug 28 to Sep 27, 2023 for up to 20 hours consulting with a $12,000 retainer.","Receipt of payments and benefits subject to execution and non-revocation of a separation agreement with release of claims.","No successor CEO announced; company continues with interim leadership from prior filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":278443,"accession_number":"0001515156-23-000092","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-07-17T23:59:59+00:00","items":["3.02","5.02","8.01","9.01"],"status":"ready","headline":"ADES appoints Robert Rasmus as CEO; he buys 950k shares and receives equity inducement awards","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Rasmus succeeds Greg Marken as President and CEO effective July 17, 2023; Marken to stay through Aug 28.","Rasmus purchased 950k shares at ~$1.90/share for $1.8M under a Subscription Agreement.","Granted inducement options for 1M shares at $3.00 strike, vesting ratably over 3 years.","Granted 400k performance RSUs: 250k vest at $10 VWAP, 150k at $15 VWAP within 3 years.","Rasmus has base salary of $50k, target bonus 100% of salary, and $125k sign-on bonus."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":296616,"accession_number":"0001515156-23-000071","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-06-15T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Advanced Emissions Solutions announces 2023 annual meeting vote results; all proposals passed","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Elected seven directors: 'For' votes from 9.64M to 11.43M; broker non-votes 4.02M.","Advisory say-on-pay passed: 9.45M For, 4.17M Against, 0.24M Abstain.","Ratified Moss Adams as auditor: 17.60M For, 0.21M Against, 0.06M Abstain.","Approved common stock issuance upon Series A Preferred conversion: 8.31M For, 1.70M Against.","Approved Sixth Amendment to Tax Asset Protection Plan: 8.29M For, 5.52M Against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":296615,"accession_number":"0001515156-23-000068","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-06-06T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"ADES subsidiaries modify $10M USDA loan; bank waives 2022-2023 financial covenants","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Loan modification agreement with Community Trust Bank on $10M USDA-guaranteed term loan; $7.93M outstanding on Note A, $1.98M on Note B.","Bank waives financial covenant compliance for FY2022 and FY2023; borrowers must comply from FY2024 onward.","Borrowers deposit additional $727,990 into interest reserve account; $50,000 modification fee paid.","Borrowers must establish operating bank accounts with Community Trust Bank by September 30, 2023.","ADES to provide its SEC 10-Q and 10-K filings to bank within 5 business days of SEC filing to satisfy ongoing reporting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":296614,"accession_number":"0001515156-23-000065","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ADES Q1 revenue $20.8M, net loss $7.5M; completes Arq acquisition","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Consumables revenue $20.8M (-21% YoY) due to low natural gas pressuring power generation customers.","Net loss $7.5M ($0.32/diluted share) vs loss $3.0M ($0.17) prior year; Adjusted EBITDA loss $7.7M.","Completed acquisition of Arq Limited subsidiaries (previously announced Feb 1); incurred $4.4M transaction/integration costs.","Sold Marshall Mine in March, eliminating asset retirement obligation and releasing restricted cash.","2023 capex guidance $40-45M for GAC production expansion and plant turnaround."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.32,"consensus_revenue_estimate":null,"consensus_revenue_actual":20805000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":296613,"accession_number":"0001515156-23-000047","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-04-14T23:59:59+00:00","items":["1.01","3.03","5.02","9.01"],"status":"ready","headline":"ADES extends Tax Asset Protection Plan to Dec 2024; appoints Laurie Bergman to board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Tax Asset Protection Plan extended to Dec 31, 2024; expires Dec 31, 2023 if stockholder approval not obtained.","Director Taylor Simonton resigned effective June 13, 2023; no disagreements with the company.","Laurie Bergman appointed as director and Audit Committee chair, effective immediately after Simonton's resignation.","Bergman is CFO of Liquid Environmental Solutions; former CAO of UGI Corp and AmeriGas.","Bergman will stand for election at the 2023 Annual Meeting of Stockholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":317038,"accession_number":"0001515156-23-000042","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-03-29T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"ADES closes Marshall Mine sale; pays $2.2M, gains $2.7M, removes $4.9M liability","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Company paid $2.2M to Caddo Creek Resources in exchange for assumption of $4.9M asset retirement obligation.","Recognized a gain of approximately $2.7M from the transaction.","Transaction closed on March 27, 2023, after Railroad Commission of Texas approval and bond replacement.","CEO states sale fortifies balance sheet and supports growth plans for 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":317037,"accession_number":"0001515156-23-000026","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-03-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"ADES reports full year net loss of $8.9M; consumables revenue up 20% to $103M; expects 2023 revenue ~$106M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year net loss $8.9M ($0.48 diluted EPS) vs net income $60.4M ($3.27 EPS) in 2021, driven by Tinuum winddown.","Consumables revenue increased 20% to $103.0M for full year; Q4 consumables revenue $23.4M.","Cash balance $76.4M at Dec 31, 2022; expects Marshall Mine sale to close H1 2023.","Completed acquisition of Arq Limited subsidiaries subsequent to quarter end.","Guidance: expects 2023 revenue of approx. $106 million."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":317035,"accession_number":"0001515156-23-000018","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K/A","filed_at":"2023-03-02T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"ADES files Arq Limited financials for acquisition; Arq reports $115.7M net loss in 2021, going concern doubt","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Arq 2021 net loss $115.7M, operating loss $116.0M; 2020 net loss $32.8M.","Arq had $7.0M cash at Dec 31, 2021, net current liabilities $82.8M; auditor cites substantial doubt about going concern.","ADES acquired Arq on Feb 1, 2023 in all-stock transaction; pro forma combined financials filed.","Arq's 2020 financials restated to correct misstatements in property, plant & equipment and reserves.","Arq's plant operating expenses $96.2M in 2021 (vs $3.8M in 2020) due to $90.1M impairment loss."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":317036,"accession_number":"0001515156-23-000003","cik":1515156,"company_name":"Arq, Inc.","ticker":"ARQ","form_type":"8-K","filed_at":"2023-02-01T23:59:59+00:00","items":["1.01","3.02","1.02","2.01","2.03","5.02","5.03","7.01","9.01"],"status":"ready","headline":"Advanced Emissions Solutions completes acquisition of Arq Limited subsidiaries in revised deal","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["ADES issued 3,814,864 common shares and 5,294,462 Series A Preferred shares for 100% of Arq subsidiaries.","$15.4M PIPE at $4.00/share from Arq shareholders and management; $10M term loan from CF Global.","Post-close ownership: legacy ADES 59.2%, Arq 28.0%, PIPE 11.8%, lender warrants 1.0%.","Board expanded to 7; Julian McIntyre, Richard Campbell-Breeden, Jeremy Blank appointed.","Prior Transaction Agreement terminated; revised terms eliminate original business combination structure."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":116330162.77985074,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-02-01T23:59:59+00:00|317036"}