Arq, Inc. — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 45/100
What the filing says
Arq reported Q2 2026 revenue of $29.9M (vs. $28.6M prior year), driven by pricing and volume increases in its core PAC business. Adjusted EBITDA improved 59% to $5.8M, with gross margin expanding 520 bps to 38.5%, marking the 9th consecutive quarter of positive Adjusted EBITDA. The company completed its biennial Red River Plant turnaround under budget in April 2026, reaffirmed full-year guidance of $120–125M revenue and $17–20M Adjusted EBITDA, and is advancing a new 'PAC for PFAS' product with customer testing ongoing. Net loss was $0.7M ($0.02/share) vs. $2.4M ($0.06/share) prior year.
Why this rating
Solid operational execution with margin expansion and profitability—material relative to company size (~$214M market cap), but near-term revenue remains modest (~$120–125M annual guidance = ~56% of market cap). Uncertain GAC strategy and tight cash position ($3.1M unrestricted as of July 31) limit trajectory impact.
See more from August 10, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.