Arq (ARQ) Cost of Revenue (2012 - 2026)
Arq's (ARQ) quarterly Cost of Revenue came in at $19.1 million in Q1 2026, up 10.28% year-on-year from $17.3 million in Q1 2025, and down 24.87% quarter-over-quarter from $25.4 million in Q4 2025.
Arq (ARQ) Cost of Revenue (2012 - 2026) Analysis & Trends
Arq has disclosed Cost of Revenue across 15 years of filings, most recently posting $19.1 million for Q1 2026.
- Cost of Revenue for Q1 2026 came in at $19.1 million, up 10.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $88.6 million (up 21.13% YoY), and the FY2025 annual result was $86.8 million, up 24.87% from the prior year.
- Cost of Revenue came in at $19.1 million for Q1 2026 at Arq, down from $25.4 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $25.4 million in Q4 2025 to a low of -$63.0 million in Q4 2022.
- The 5-year median for Cost of Revenue is $17.3 million (2025), against an average of $13.1 million.
- Across the five-year window, Cost of Revenue slumped 472.44% in 2022 and soared 45005.88% in 2023, its largest moves.
- Arq's Cost of Revenue stood at -$63.0 million in 2022, then soared by 122.4% to $14.1 million in 2023, then climbed by 22.2% to $17.2 million in 2024, then soared by 47.6% to $25.4 million in 2025, then decreased by 24.87% to $19.1 million in 2026.
- The last three Cost of Revenue figures came in at $19.1 million (Q1 2026), $25.4 million (Q4 2025), and $25.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Aduro Clean Technologies | 808.91 Bn | 808.88 Bn | - | - |
| 2 | Veralto | 20.65 Bn | 19.22 Bn | 854.00 Mn | 568.00 Mn |
| 3 | Zurn Elkay Water Solutions | 8.12 Bn | 7.85 Bn | 205.80 Mn | 227.20 Mn |
| 4 | Federal Signal | 6.65 Bn | 6.58 Bn | 179.40 Mn | 446.20 Mn |
| 5 | Ceco Environmental | 3.45 Bn | 3.41 Bn | 63.92 Mn | 142.00 Mn |
| 6 | PureCycle Technologies | 1.61 Bn | 1.51 Bn | - | - |
| 7 | Energy Recovery | 438.13 Mn | 351.98 Mn | 2.70 Mn | 5.12 Mn |
| 8 | CleanCore Solutions | 174.97 Mn | 157.92 Mn | -419,259.00 | 962,953.00 |
| 9 | Arq | 111.22 Mn | 106.54 Mn | 9.94 Mn | 19.11 Mn |
| 10 | 374Water | 40.12 Mn | 40.12 Mn | -2.43 Mn | 742,486.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.11 Mn |
| Mar 31, 2026 | 19.11 Mn |
| Dec 31, 2025 | 25.44 Mn |
| Dec 31, 2025 | 25.44 Mn |
| Sep 30, 2025 | 24.97 Mn |
| Sep 30, 2025 | 24.97 Mn |
| Jun 30, 2025 | 19.07 Mn |
| Jun 30, 2025 | 19.07 Mn |
| Mar 31, 2025 | 17.33 Mn |
| Mar 31, 2025 | 17.33 Mn |
| Dec 31, 2024 | 17.24 Mn |
| Dec 31, 2024 | 17.24 Mn |
| Sep 30, 2024 | 21.34 Mn |
| Sep 30, 2024 | 21.34 Mn |
| Jun 30, 2024 | 17.23 Mn |
| Jun 30, 2024 | 17.23 Mn |
| Mar 31, 2024 | 13.71 Mn |
| Mar 31, 2024 | 13.71 Mn |
| Dec 31, 2023 | 14.11 Mn |
| Dec 31, 2023 | 14.11 Mn |