---
schema_version: "secwatch.filing_event.v1"
accession: "0001515156-24-000172"
form_type: "8-K"
ticker: "ARQ"
cik: "0001515156"
company_name: "Arq, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:30:38.639984+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Arq Q3 revenue $34.8M (+17% YoY), net income $1.6M, raised $27M equity

## Summary
- 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.

## SEC filing metadata
- accession: 0001515156-24-000172
- form_type: 8-K
- ticker: ARQ
- cik: 0001515156
- company_name: Arq, Inc.
- filed_at: 2024-11-07T23:59:59+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/1515156/000151515624000172/0001515156-24-000172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515156/000151515624000172/ades-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001515156-24-000172
- JSON: https://secwatch.observer/filing/0001515156-24-000172.json
- Plain text: https://secwatch.observer/filing/0001515156-24-000172.txt

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