ARKO Corp. Reports Preliminary Estimated Fourth Quarter and Full Year 2025 Results
Rhea-AI Summary
ARKO Corp (Nasdaq: ARKO) provided preliminary estimated results for Q4 and full year 2025 and disclosed that subsidiary ARKO Petroleum Corp launched an IPO roadshow on Feb 3, 2026. Full‑year 2025 Adjusted EBITDA is estimated at $246.0–$249.0 million; full‑year net income is estimated at $19.1–$21.3 million. Q4 2025 net income is preliminarily between a $1.8 million loss and a $0.4 million profit. The company will report final audited results later this quarter.
Positive
- Launched ARKO Petroleum (APC) initial public offering roadshow on Feb 3, 2026
- Full‑year 2025 Adjusted EBITDA estimated at $246.0–$249.0 million
- Full‑year 2025 net income estimated at $19.1–$21.3 million
Negative
- Preliminary Q4 2025 net income could be a loss up to $1.8 million
- Initial public offering costs of ~$2.2 million included in 2025 adjusted metrics
News Market Reaction – ARKO
On the day this news was published, ARKO gained 11.79%, reflecting a significant positive market reaction. Argus tracked a peak move of +11.9% during that session. Our momentum scanner triggered 19 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $79M to the company's valuation, bringing the market cap to $745M at that time. Trading volume was above average at 1.9x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
ARKO gained 5.46% with elevated volume while key specialty retail peers showed mixed, mostly smaller moves; one peer (HZO) was up 13.25%, others ranged from -5.17% to modest gains.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 05 | Quarterly earnings | Positive | +2.9% | Q3 2025 net income and strong fuel and merchandise margins. |
| Aug 06 | Quarterly earnings | Positive | +13.5% | Q2 2025 net income and Adjusted EBITDA growth with margin gains. |
| Feb 26 | Annual results | Negative | -37.7% | Q4 and 2024 net income and Adjusted EBITDA declines vs prior year. |
| Nov 07 | Quarterly earnings | Negative | -3.4% | Q3 2024 net income and Adjusted EBITDA declines year-over-year. |
| Aug 06 | Quarterly earnings | Positive | +7.5% | Q2 2024 Adjusted EBITDA above guidance and margin expansion. |
Earnings releases have typically produced price moves that align with the tone of results, with several double‑digit reactions around quarters showing margin and income shifts.
Over recent quarters, ARKO’s earnings reports have focused on net income, Adjusted EBITDA, and a multi-year transformation plan involving dealer conversions and margin management. Events from Aug 2024 through Nov 2025 show net income and Adjusted EBITDA fluctuating but generally supported by resilient fuel and merchandise margins. The current preliminary Q4 and full-year 2025 ranges for net income and Adjusted EBITDA extend this sequence of detailed financial updates, following prior guidance and results for 2024 and 2025.
Historical Comparison
Past earnings headlines moved ARKO about 13.02% on average. Today’s 5.46% move on preliminary 2025 results sits below that typical earnings-related volatility.
Earnings updates from Q2 2024 through Q3 2025 highlight fluctuating net income and Adjusted EBITDA alongside a transformation plan centered on dealer conversions and margin management.
Market Pulse Summary
The stock surged +11.8% in the session following this news. A strong positive reaction aligns with ARKO’s history of earnings-driven moves, where prior reports produced average swings of about 13.02%. The preliminary 2025 net income and Adjusted EBITDA ranges add detail to that trajectory while remaining subject to audit and potential revision. Investors reviewing this move may weigh how past earnings volatility, one-day moves up to double digits, and non-recurring adjustments affect the durability of a 5.46% gain.
Key Terms
initial public offering financial
ebitda financial
adjusted ebitda financial
non-gaap financial
sale-leaseback financial
AI-generated analysis. Not financial advice.
RICHMOND, Va., Feb. 03, 2026 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced preliminary estimated financial results for the fourth quarter and the full year ended December 31, 2025.
Concurrently, ARKO Petroleum Corp. (“APC”), one of the Company’s subsidiaries, announced today that it has launched a roadshow for its initial public offering of shares of Class A common stock, including APC’s preliminary estimated financial results for the fourth quarter and full year ended December 31, 2025. Given that APC constitutes a material portion of the Company’s business, the Company is also providing preliminary ranges of the estimated consolidated financial results for ARKO Corp. and its subsidiaries.
Based on preliminary, unaudited financial data, fourth quarter 2025 net income is expected to be between a net loss of
Based on preliminary, unaudited financial data, full year 2025 net income is expected to be between
The Company plans to report its fourth quarter and full year 2025 financial results later this quarter, at which time the Company will discuss its 2025 financial results in more detail and provide its outlook for 2026.
Preliminary estimated fourth quarter and full year 2025 results are expected to be within the following ranges, as compared to the fourth quarter and full year 2024:
| For the Three Months Ended December 31, 2025 | For the Year Ended December 31, 2025 | |||||||||||||||||||||||
| For the Three Months Ended December 31, 2024 | Low Estimate | High Estimate | For the Year Ended December 31, 2024 | Low Estimate | High Estimate | |||||||||||||||||||
| (in millions) | ||||||||||||||||||||||||
| Net (loss) income | $ | (2.3 | ) | $ | (1.8 | ) | $ | 0.4 | $ | 20.8 | $ | 19.1 | $ | 21.3 | ||||||||||
| Interest and other financing expenses, net | 19.7 | 19.8 | 19.8 | 67.2 | 73.3 | 73.3 | ||||||||||||||||||
| Income tax (benefit) expense | (3.0 | ) | (0.5 | ) | 2.5 | 6.1 | 6.0 | 9.0 | ||||||||||||||||
| Depreciation and amortization | 34.0 | 34.1 | 32.1 | 132.4 | 135.5 | 133.5 | ||||||||||||||||||
| EBITDA (a) | 48.4 | 51.6 | 54.8 | 226.5 | 233.9 | 237.1 | ||||||||||||||||||
| Acquisition and divestiture costs (b) | 1.2 | 2.8 | 2.8 | 5.2 | 6.5 | 6.5 | ||||||||||||||||||
| Initial public offering costs (c) | — | 0.9 | 0.9 | — | 2.2 | 2.2 | ||||||||||||||||||
| Loss (gain) on disposal of assets and impairment charges (d) | 1.7 | 3.1 | 3.1 | 6.8 | (12.1 | ) | (12.1 | ) | ||||||||||||||||
| Share-based compensation expense (e) | 4.1 | 4.3 | 4.3 | 12.3 | 15.2 | 15.2 | ||||||||||||||||||
| Income from equity investment (f) | — | — | — | (0.1 | ) | (0.1 | ) | (0.1 | ) | |||||||||||||||
| Taxes paid (received) in arrears (g) | — | 0.2 | 0.2 | (1.4 | ) | 0.3 | 0.3 | |||||||||||||||||
| Adjustment to contingent consideration (h) | 1.0 | (0.4 | ) | (0.4 | ) | — | (2.2 | ) | (2.2 | ) | ||||||||||||||
| Expenses related to wage and hour claim settlement (i) | — | 0.5 | 0.5 | — | 2.5 | 2.5 | ||||||||||||||||||
| Other (j) | 0.5 | 0.1 | (0.1 | ) | (0.4 | ) | (0.2 | ) | (0.4 | ) | ||||||||||||||
| Adjusted EBITDA (a) | $ | 56.9 | $ | 63.1 | $ | 66.1 | $ | 248.9 | $ | 246.0 | $ | 249.0 | ||||||||||||
(a) See Use of Non-GAAP measures below.
(b) Eliminates costs incurred that are directly attributable to business acquisitions and divestitures (including conversion of retail stores to dealer sites) and salaries of employees whose primary job function is to execute the Company's acquisition and divestiture strategy and facilitate integration of acquired operations.
(c) Eliminates costs incurred related to the Company’s proposed initial public offering of ARKO Petroleum Corp.
(d) Eliminates the non-cash loss from the sale or disposal of property and equipment, the loss recognized upon the sale of related leased assets, and impairment charges on property and equipment and right-of-use assets related to closed and non-performing sites, including a
(e) Eliminates non-cash share-based compensation expense related to the equity incentive program in place to incentivize, retain, and motivate the Company's employees and members of the Board.
(f) Eliminates the Company's share of income attributable to its unconsolidated equity investment.
(g) Eliminates the receipt and payment of historical fuel, franchise and other tax amounts for multiple prior periods.
(h) Eliminates fair value adjustments primarily related to the contingent consideration owed to the seller for the 2020 Empire acquisition.
(i) Eliminates non-recurring expenses accrued in net income (loss) related to a wage and hour collective action settlement.
(j) Eliminates other unusual or non-recurring items that the Company does not consider to be meaningful in assessing operating performance.
Preliminary Financial Data
The information above summarizes certain of the Company's preliminary financial data for the fourth quarter and year ended December 31, 2025. The Company currently expects that its final results will be consistent with the estimates set forth above, but such estimates are preliminary and its final results could differ materially from these estimates upon completion of the financial closing procedures due to final adjustments and developments that may arise between now and the time such audited consolidated financial statements for the year ended December 31, 2025 are issued. For example, during the course of the preparation of the respective financial statements and related notes, additional items that would require adjustments to be made to the preliminary estimated financial information presented below may be identified. The Company's independent registered public accounting firm, Grant Thornton LLP, has not audited, reviewed, compiled or performed any procedures on this preliminary financial information, and accordingly, does not express an opinion or other form of assurance with respect to this preliminary financial information. There can be no assurance that the Company's final results will not differ from this preliminary financial information. Any such changes could be material. Therefore, you should not place undue reliance on these preliminary numbers or assume that they are indicative of what the Company's results for the completed quarter and year will be.
Use of Non-GAAP Measures
The Company defines EBITDA as net income before net interest expense, income taxes, depreciation and amortization. Adjusted EBITDA further adjusts EBITDA by excluding the gain or loss on disposal of assets, impairment charges, acquisition and divestiture costs, share-based compensation expense, other non-cash items, and other unusual or non-recurring charges. Both EBITDA and Adjusted EBITDA are non-GAAP financial measures.
The Company uses EBITDA and Adjusted EBITDA for operational and financial decision-making and believe these measures are useful in evaluating its performance because they eliminate certain items that it does not consider indicators of its operating performance. EBITDA and Adjusted EBITDA are also used by many of its investors, securities analysts, and other interested parties in evaluating its operational and financial performance across reporting periods. The Company believes that the presentation of EBITDA and Adjusted EBITDA provides useful information to investors by allowing an understanding of key measures that it uses internally for operational decision-making, budgeting, evaluating acquisition targets, and assessing its operating performance.
EBITDA and Adjusted EBITDA should not be considered as alternatives to any financial measure derived in accordance with GAAP, including net income. The presentations of these non-GAAP measures have limitations as analytical tools and should not be considered in isolation, or as substitutes for the analysis of, its results as reported under GAAP. The Company strongly encourages investors to review its financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.
Because non-GAAP financial measures are not standardized, EBITDA and Adjusted EBITDA, as defined by the Company, may not be comparable to similarly titled measures reported by other companies. It therefore may not be possible to compare the Company’s use of these non-GAAP financial measures with those used by other companies.
Forward-Looking Statements
This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, the Company’s expected financial and operational results and the related assumptions underlying its expected results. These forward-looking statements are distinguished by use of words such as “accretive,” “anticipate,” “aim,” “believe,” “continue,” “could,” “estimate,” “expect,” “guidance,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to, among other things, changes in economic, business and market conditions; the Company’s ability to maintain the listing of its common stock and warrants on the Nasdaq Stock Market; changes in its strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; expansion plans and opportunities; changes in the markets in which it competes; changes in applicable laws or regulations, including those relating to environmental matters; market conditions and global and economic factors beyond its control; the success of the Company's transformation plan, including the dealerization of retail stores; and the outcome of any known or unknown litigation and regulatory proceedings. Detailed information about these factors and additional important factors can be found in the documents that the Company files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. The Company does not undertake an obligation to update forward-looking information, except to the extent required by applicable law.
About ARKO Corp.
ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that is one of the largest operators of convenience stores and wholesalers of fuel in the United States. Based in Richmond, VA, our highly recognizable Family of Community Brands offers delicious, prepared foods, beer, snacks, candy, hot and cold beverages, and multiple popular quick serve restaurant brands. We operate in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers; wholesale, which supplies fuel to independent dealers and consignment agents; fleet fueling, which includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites; and GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites and charges a fixed fee, primarily to our fleet fueling sites. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com.
Company Contact
Jordan Mann
ARKO Corp.
investors@gpminvestments.com
Investor Contact
Sean Mansouri, CFA
Elevate IR
(720) 330-2829
FAQ
What preliminary Q4 2025 net income did ARKO (ARKO) report on Feb 3, 2026?
What are ARKO's preliminary full‑year 2025 Adjusted EBITDA estimates (ARKO)?
Did ARKO announce an IPO for its subsidiary ARKO Petroleum (ARKO) on Feb 3, 2026?
How should investors treat ARKO's preliminary 2025 financial ranges (ARKO)?
What IPO-related costs did ARKO include in its preliminary 2025 results (ARKO)?
