Arq Q1 revenue up 7% to $29.1M but net loss of $0.8M; reaffirms FY guidance

Arq, Inc.

2026-Q1 EPS reported -$0.02 revenue$29,053,000

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.

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