0001515156-26-000021
SEC filingArq, Inc. reported a net loss of $52.6 million for fiscal year 2025, driven by a significant impairment charge of $44.8 million on long-lived assets. Revenue for the year was $120.3 million, with cost of revenue at $86.8 million, resulting in a gross profit of $33.5 million. The company experienced an operating loss of $53.0 million, primarily due to the impairment charge and operating expenses totaling $86.5 million. Cash flow from operations was negative $2.7 million, while investing activities used $8.2 million primarily for property and equipment acquisitions. The balance sheet shows total assets of $230.6 million, with stockholders' equity of $168.0 million and total liabilities of $62.6 million. The company ended the year with $54.2 million in cash and restricted cash, a decrease of $7.2 million from the prior year.
Arq, Inc. reported challenging financial results for fiscal year 2025, with a net loss of $52.6 million on revenue of $120.3 million. The company's operating loss was $53.0 million, significantly impacted by a $44.8 million impairment charge on long-lived assets. Gross profit was $33.5 million, representing a gross margin of 27.8%. Operating expenses totaled $86.5 million, including $22.6 million in selling, general and administrative expenses, $7.3 million in research and development, and $11.7 million in depreciation and amortization. The company reported basic and diluted loss per share of $1.00 based on 41.5 million weighted-average shares outstanding.
The company generated $120.3 million in revenue for fiscal year 2025. Cost of revenue, exclusive of depreciation and amortization, was $86.8 million. The document does not provide segment breakdowns, geographic mix, or specific growth drivers beyond the aggregate revenue figure. No comparative prior period revenue data is provided in the XBRL data or document text, preventing year-over-year growth analysis. The revenue figure represents the total consolidated revenue for Arq, Inc. for the fiscal year ending December 31, 2025.
Gross margin for fiscal year 2025 was 27.8%, calculated from revenue of $120.3 million and gross profit of $33.5 million. Operating margin was negative 44.1%, reflecting the significant operating loss relative to revenue. The company's cost structure included $86.8 million in cost of revenue and $86.5 million in operating expenses. The impairment charge of $44.8 million on long-lived assets was the largest single expense item, significantly impacting profitability. Other major expenses included selling, general and administrative expenses of $22.6 million and depreciation and amortization of $11.7 million.
Operating cash flow was negative $2.7 million for fiscal year 2025, with net loss of $52.6 million partially offset by non-cash adjustments including $44.8 million impairment charge and $11.7 million depreciation. Investing activities used $8.2 million primarily for property and equipment acquisitions. Financing activities provided $3.7 million net cash, mainly from revolving credit facility activity. The balance sheet shows total assets of $230.6 million, including $143.2 million in property, plant and equipment. Total liabilities were $62.6 million, with $42.3 million in current liabilities. Stockholders' equity was $168.0 million. Cash and restricted cash decreased by $7.2 million to $54.2 million at year-end.
The document does not contain management guidance, strategic priorities, or specific risk factors beyond the financial statements provided. No forward-looking statements, outlook commentary, or strategic initiatives are disclosed in the provided financial data or document content. The analysis is limited to the historical financial results for fiscal year 2025 as presented in the XBRL data and document text. Investors should refer to the complete 10-K filing for comprehensive risk factors, management discussion and analysis, and forward-looking information.