---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-24-000037"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T22:59:43.861928+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Arq Q4 2023 net income $3.3M, revenue $28.1M (+20% YoY), first profitable quarter since Q4 2021

## Summary
- 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.

## SEC filing metadata
- accession: 0001515156-24-000037
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515156/000151515624000037/0001515156-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515624000037/arq-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-24-000037
- JSON: https://secwatch.observer/filing/0001515156-24-000037.json
- Plain text: https://secwatch.observer/filing/0001515156-24-000037.txt

## Key facts
- Earnings Releases
  Arq, Inc. reported fourth quarter and year ended December 31, 2023 results: revenue $28.1 million, net income $3.3 million.
  - Period: fourth quarter and year ended December 31, 2023
  - Revenue: $28.1 million
  - Net income: $3.3 million
  - Result: reported results
  source text: 31, 2023. Financial Highlights • Achieved positive net income of $3.3 million in Q4 2023, reflecting the first positive net income quarter since Q4 2021. • Increased revenue to $28.1 million in Q4 2023, reflecting growth of 20% over the prior year period, driven by higher average selling prices, positive changes in product mix and $4.7 million of take-or-pay revenue,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515156/000151515624000037/0001515156-24-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.