Company Description
Arq, Inc. (NASDAQ: ARQ) is an environmental technology company in the Industrials sector, focused on pollution and treatment controls. According to company disclosures, Arq produces activated carbon and other environmentally efficient carbon products that are used in purification and sustainable materials applications. Its products are designed to help remove harmful chemicals and pollutants from water, land and air, supporting a cleaner and safer environment.
The company describes itself as a diversified environmental technology business with a portfolio of consumable air, water and soil treatment solutions. These include activated carbon and chemical technologies used to capture and remove contaminants. Arq manufactures and sells activated carbon and related chemicals that serve coal-fired power generation, industrial, municipal water, and broader air, water and soil treatment and remediation markets.
Activated carbon product focus
Arq’s business centers on activated carbon products. Based on available information, its portfolio includes powdered activated carbon (PAC), granular activated carbon (GAC) and colloidal carbon products. The PAC business is described by the company as a foundational part of its operations, with long-term contracts and sustained price improvements highlighted in recent communications. GAC represents a newer, higher-growth area, with Arq reporting commissioning and initial commercial production at its Red River plant.
The company has stated that it is the only vertically integrated producer of activated carbon products in North America. In this context, vertical integration refers to control over key steps in the supply chain, from feedstock sourcing and processing through to finished activated carbon products. Arq highlights this structure as a point of differentiation, particularly as a fully domestic U.S. supplier of activated carbon.
Environmental technology and sustainable materials
Arq positions its products as enabling purification and sustainable materials applications. Company descriptions emphasize the use of activated carbon and other carbon products to remove harmful chemicals and pollutants from environmental media. These applications span water treatment, air emissions control, soil treatment and remediation, and other purification uses where contaminants must be captured and removed.
In addition to traditional activated carbon markets, Arq has discussed development of alternative carbon-based products and potential applications in areas such as asphalt-related products, purified coal, rare earth materials and synthetic graphite. These initiatives are described as creating potential optionality for additional revenue streams from its feedstock, particularly in markets connected to sustainable materials and advanced industrial uses.
Business evolution and production footprint
Recent company updates describe an ongoing business transformation. Arq reports that its PAC business has undergone a turnaround, with improvements in pricing and contract economics. At the same time, the company has invested in a granular activated carbon facility at its Red River plant, where it has announced successful commissioning of the first GAC production line and initial commercial GAC production and sales.
Arq has also referenced a facility at Corbin used as a feedstock source for GAC production. The company notes that processing waste-derived feedstock at scale has required design and process adjustments, and it has reported work on optimizing production rates and operating costs as GAC volumes ramp. These operational details reflect the company’s focus on scaling its GAC business while maintaining its established PAC operations.
Capital structure and credit arrangements
Arq has disclosed the use of an asset-based lending (ABL) credit facility and a revolving credit agreement to support working capital and growth investments. In an 8-K filing, the company reported entering into amendments to its Credit, Security and Guaranty Agreement with MidCap Funding IV Trust as agent and lenders. These amendments adjusted borrowing availability calculations and minimum liquidity covenants, illustrating the importance of credit facilities in funding operations and capital expenditures.
Corporate governance and shareholder matters
Arq files periodic and current reports with the U.S. Securities and Exchange Commission. In an 8-K/A filing related to its 2025 annual meeting of stockholders, the company reported that shareholders expressed a preference for holding non-binding advisory votes on executive compensation (Say-on-Pay) every year. The board determined to follow this annual frequency until the next required advisory vote on frequency, indicating an ongoing process for shareholder input on compensation practices.
Headquarters and listing
Arq, Inc. is incorporated in the United States and lists its principal executive offices in Greenwood Village, Colorado, as reflected in multiple SEC filings. The company’s common stock trades on the Nasdaq Stock Market under the ticker symbol ARQ.
ARQ stock: what investors monitor
Investors following ARQ stock often review the company’s reported revenue, gross margins and Adjusted EBITDA, which Arq presents as a non-GAAP measure reconciled to GAAP metrics in its filings and press releases. Company communications highlight trends in average sales price for activated carbon products, contract structures in the PAC business, and the ramp-up of GAC production capacity as key operational indicators.
Arq also emphasizes its status as a vertically integrated, domestic producer of activated carbon products, which it describes as a differentiating factor in markets where supply reliability and sourcing are important considerations. For investors, these disclosures provide context on how the company positions itself within the pollution and treatment controls industry.
Frequently Asked Questions about Arq, Inc. (ARQ)
- What does Arq, Inc. do?
Arq, Inc. is an environmental technology company that produces activated carbon and other environmentally efficient carbon products. Its solutions are used in purification and sustainable materials applications to help remove harmful chemicals and pollutants from water, land and air.
- What industry and sector is Arq in?
Arq is classified in the pollution and treatment controls industry within the Industrials sector. Its activities focus on environmental technologies and consumable treatment products.
- What products does Arq offer?
According to company descriptions, Arq’s portfolio includes powdered activated carbon, granular activated carbon and colloidal carbon products, along with other chemical technologies used to capture and remove contaminants in environmental and industrial applications.
- How does Arq describe its market position?
Arq states that it is the only vertically integrated producer of activated carbon products in North America and a fully vertically integrated domestic U.S. supplier of activated carbon. The company highlights this structure as a unique point of differentiation in its industry.
- Which markets use Arq’s products?
Based on available information, Arq’s activated carbon and chemical products are used in coal-fired power generation, industrial processes, municipal water treatment, and air, water and soil treatment and remediation markets.
- Where is Arq headquartered?
SEC filings list Arq’s principal executive offices in Greenwood Village, Colorado, in the United States. This location serves as the company’s corporate headquarters.
- On which exchange does ARQ trade?
Arq, Inc.’s common stock trades on the Nasdaq Stock Market under the ticker symbol ARQ.
- What is the difference between Arq’s PAC and GAC businesses?
Arq refers to its powder activated carbon (PAC) operations as a foundational business, with long-term contracts and pricing improvements. Granular activated carbon (GAC) is associated with its Red River plant, where the company has reported commissioning a GAC production line and achieving initial commercial GAC production and sales.
- How does Arq communicate financial performance?
Arq issues press releases and files quarterly and annual reports with the SEC that discuss revenue, gross margin, net income or loss, and Adjusted EBITDA. The company provides reconciliations for non-GAAP measures such as Adjusted EBITDA in these materials.
- Is Arq still an active public company?
Recent press releases and 8-K filings referencing quarterly results, credit agreement amendments and shareholder votes indicate that Arq, Inc. continues to operate as a public company with its shares listed on Nasdaq under the symbol ARQ.
Stock Performance
Latest News
SEC Filings
Financial Highlights
Upcoming Events
Q4 & FY2025 results release
Q4/FY2025 earnings conference call
GAC Phase I capacity milestone
Short Interest History
Short interest in Arq (ARQ) currently stands at 1.4 million shares, down 4.8% from the previous reporting period, representing 4.1% of the float. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Arq (ARQ) currently stands at 4.8 days. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 40.4% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 2.0 to 10.2 days.