Arq Q2 revenue up 13% to $28.6M, Adj. EBITDA $3.7M; commissions first GAC line at Red River

Arq, Inc.

2025-Q2 EPS reported -$0.05 revenue$55,831,000

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.

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