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
DateValue
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