Financial Statements — ARQ
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 4.67 | 7.03 | 6.96 | 6.34 | 48.66 | 28.48 | 35.23 | 52.53 | 58.77 | 68.03 | 75.82 | 80.82 | 79.81 | 82.14 | 57.34 | 52.23 |
| Accounts Receivable | 15.95 | 14.36 | 15.55 | 15.37 | 16.59 | 15.81 | 10.93 | 14.23 | 10.31 | 10.06 | 13.90 | 12.66 | 13.01 | 15.28 | 11.56 | 10.35 |
| Inventory | 19.91 | 15.74 | 20.78 | 21.75 | 18.49 | 22.65 | 21.68 | 18.55 | 23.04 | 20.23 | 15.26 | 12.11 | 10.28 | 5.57 | 8.16 | 8.04 |
| Total Current Assets | 46.05 | 43.93 | 50.66 | 48.23 | 87.27 | 71.22 | 72.04 | 91.47 | 99.67 | 104.72 | 112.64 | 113.03 | 110.48 | 101.77 | 76.03 | 68.11 |
| Property, Plant & Equipment | 141.06 | 180.72 | 180.62 | 181.20 | 139.14 | 123.41 | 103.65 | 85.71 | 81.01 | 76.38 | 33.29 | 31.15 | 30.31 | 30.71 | 31.20 | 29.78 |
| Intangible Assets | 0.59 | 7.29 | 7.38 | 7.46 | 7.64 | 7.74 | 7.79 | 8.05 | 8.22 | 8.42 | -- | -- | 1.16 | 1.45 | 1.63 | 1.80 |
| Total Non-current Assets* | 186.09 | 234.02 | 233.88 | 235.44 | 192.70 | 177.36 | 157.76 | 139.13 | 134.04 | 129.23 | 72.82 | 70.72 | 71.09 | 80.01 | 82.46 | 83.46 |
| Total Assets | 232.14 | 277.95 | 284.54 | 283.67 | 279.96 | 248.58 | 229.80 | 230.60 | 233.71 | 233.95 | 185.46 | 183.75 | 181.57 | 181.77 | 158.50 | 151.57 |
| Accounts Payable | 17.11 | 13.11 | 15.86 | 17.48 | 20.19 | 16.80 | 12.54 | 13.97 | 15.97 | 12.25 | 18.65 | 14.15 | 9.33 | 9.13 | 8.16 | 7.91 |
| Total Current Liabilities | 45.08 | 39.82 | 46.17 | 42.97 | 30.19 | 26.61 | 21.97 | 22.02 | 23.93 | 20.04 | 25.20 | 20.59 | 18.80 | 24.52 | 27.15 | 34.92 |
| Long-term Debt | 30.41 | 26.10 | 28.95 | 27.10 | 21.57 | 22.16 | 22.58 | 23.39 | 23.79 | 24.25 | -- | -- | -- | 3.41 | 3.67 | 4.29 |
| Total Non-current Liabilities* | 19.25 | 20.97 | 21.61 | 22.52 | 31.66 | 32.38 | 32.67 | 34.29 | 34.97 | 33.77 | 17.64 | 18.66 | 18.43 | 16.23 | 15.06 | 17.50 |
| Total Liabilities | 64.32 | 60.79 | 67.77 | 65.50 | 61.85 | 58.98 | 54.63 | 56.31 | 58.90 | 53.81 | 42.83 | 39.25 | 37.22 | 40.75 | 42.21 | 52.42 |
| Retained Earnings | 12.98 | 63.85 | 64.50 | 66.64 | 67.77 | 66.16 | 68.12 | 68.25 | 70.43 | 76.28 | 87.12 | 89.51 | 89.83 | 87.03 | 62.78 | 46.19 |
| Total Stockholder Equity | 167.81 | 217.15 | 216.77 | 218.17 | 218.12 | 189.60 | 175.16 | 174.29 | 174.82 | 161.21 | 142.62 | 144.51 | 144.35 | 141.03 | 116.28 | 99.15 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 29.05 | 29.43 | 35.07 | 28.58 | 27.25 | 27.04 | 34.77 | 25.41 | 21.74 | 28.10 | 29.83 | 20.45 | 20.81 | 23.41 | 28.44 | 24.74 | 26.40 | 30.71 | 28.85 | 19.63 |
| Cost of Revenue* | 19.11 | 25.44 | 24.97 | 19.07 | 17.33 | 17.24 | 21.34 | 17.23 | 13.71 | 14.11 | 20.71 | 15.34 | 17.18 | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 9.94 | 3.99 | 10.11 | 9.52 | 9.91 | 9.80 | 13.44 | 8.18 | 8.03 | 14.00 | 9.12 | 5.11 | 3.63 | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.98 | 1.20 | 2.57 | 2.70 | 0.87 | 0.71 | 0.79 | 0.93 | 1.63 | 1.16 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 7.37 | 5.96 | 4.62 | 5.92 | 6.05 | 5.96 | 8.06 | 7.01 | 7.67 | 3.46 | 3.05 | 3.35 | 2.78 | 2.52 | 1.83 | 1.87 | 1.93 | 1.84 | 1.72 | 1.59 |
| Total Operating Expenses | 10.92 | 55.22 | 10.95 | 11.07 | 9.25 | 9.39 | 11.41 | 9.60 | 11.01 | 25.00 | 32.35 | 26.53 | 28.63 | 26.78 | 31.06 | 27.48 | 29.74 | 29.93 | 25.56 | 19.19 |
| Operating Income | (0.98) | (51.23) | (0.84) | (1.55) | 0.66 | 0.41 | 2.03 | (1.42) | (2.98) | 3.10 | (2.52) | (6.09) | (7.83) | (3.37) | (2.62) | (2.74) | (3.33) | 0.78 | 3.30 | 0.44 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.79 | 0.86 | 0.79 | 0.83 | 0.53 | 0.08 | 0.08 | 0.09 | 0.09 | 0.07 | 0.09 | 0.49 |
| Pretax Income | (0.84) | (50.01) | (0.65) | (2.13) | 0.20 | (1.53) | 1.62 | (1.94) | (3.42) | 3.48 | (2.17) | (5.86) | (7.54) | (2.96) | (2.39) | (0.33) | (3.03) | 7.48 | 28.83 | 21.53 |
| Tax Provision | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | (0.19) | 0.00 | 0.03 | 0.00 | 0.19 | 0.00 | 0.00 | (0.03) | 0.21 | 0.00 | 0.00 | 0.00 | 1.66 | 4.58 | 4.94 |
| Net Income | (0.84) | (50.03) | (0.65) | (2.13) | 0.20 | (1.34) | 1.62 | (1.97) | (3.42) | 3.29 | (2.17) | (5.86) | (7.51) | (3.17) | (2.39) | (0.33) | (3.03) | 5.82 | 24.25 | 16.59 |
| Basic EPS | (0.02) | (1.20) | (0.02) | (0.05) | 0.00 | (0.03) | 0.04 | (0.06) | (0.09) | 0.18 | (0.07) | (0.21) | (0.32) | (0.16) | (0.13) | (0.02) | (0.17) | 0.31 | 1.33 | 0.91 |
| Diluted EPS | (0.02) | (1.20) | (0.02) | (0.05) | 0.00 | (0.03) | 0.04 | (0.06) | (0.09) | 0.18 | (0.07) | (0.21) | (0.32) | (0.16) | (0.13) | (0.02) | (0.17) | 0.31 | 1.31 | 0.90 |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 0.06 | (2.76) | 5.30 | 0.53 | (5.80) | 5.21 | 7.69 | (2.95) | 0.53 | 4.49 | 0.01 | (3.45) | (17.70) | (6.41) | (1.41) | (0.34) | 2.09 | 1.31 | 6.54 | (3.80) |
| Capital Expenditures | 0.74 | 0.78 | 2.20 | 1.88 | 3.71 | 42.96 | 13.44 | 19.17 | 9.60 | 10.51 | 6.63 | 6.84 | 3.55 | 2.74 | 3.29 | 1.53 | 1.36 | 0.80 | 0.83 | 3.25 |
| Free Cash Flow* | (0.68) | (3.54) | 3.10 | (1.35) | (9.51) | (37.75) | (5.75) | (22.12) | (9.07) | (6.02) | (6.61) | (10.29) | (21.25) | (9.15) | (4.69) | (1.87) | 0.74 | 0.51 | 5.71 | (7.05) |
| Investing Cash Flow | (0.75) | (0.31) | (2.32) | (1.93) | (3.60) | (42.97) | (13.25) | (19.20) | (9.65) | (11.23) | (6.82) | (7.58) | (2.90) | (2.64) | (3.27) | 1.74 | (0.44) | 5.44 | 18.54 | 15.52 |
| Financing Cash Flow | 1.51 | 2.62 | (2.92) | 2.03 | 1.97 | 2.62 | 25.74 | 15.33 | (1.01) | (0.43) | 0.55 | (0.47) | 23.26 | (0.34) | (0.32) | (0.40) | (0.63) | (0.11) | (0.27) | (6.62) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2021 | Q1
2021 | Q4
2020 | Q3
2020 | Q2
2020 | Q1
2020 | Q4
2019 | Q3
2019 | Q2
2019 | Q1
2019 | Q4
2018 | Q3
2018 | Q2
2018 | Q1
2018 | Q4
2017 | Q3
2017 | Q2
2017 |
|---|
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.00 | 0.00 |
