Arq Q2 revenue up 5% to $29.9M; adjusted EBITDA up 59% to $5.8M

Arq, Inc.

2026-Q2 EPS reported -$0.04 revenue$58,936,000

Revenue $29.9M vs $28.6M YoY; gross margin 38.5% vs 33.3%, up 520 bps.
Adjusted EBITDA $5.8M vs $3.7M; 9th straight quarter of positive adjusted EBITDA.
Net loss narrowed to $0.7M from $2.4M (as adjusted) in Q2 2025.
Cash and restricted cash $12.1M at quarter end; unrestricted cash $3.1M as of July 31.
Reaffirmed FY2026 guidance: revenue $120-125M, adjusted EBITDA $17-20M.

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