Growth Metrics

Arq (ARQ) Operating Expenses (2012 - 2026)

Arq recorded quarterly Operating Expenses of $10.9 million in Q1 2026, down 80.22% quarter-over-quarter from $55.2 million in Q4 2025, and up 18.03% year-over-year from $9.3 million in Q1 2025.

Arq's Operating Expenses history runs 15 years deep, the most recent figure standing at $10.9 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 18.03% year-over-year to $10.9 million; the TTM figure through Mar 2026 stood at $88.2 million (up 122.35% YoY), while the FY2025 annual figure was $86.5 million, up 108.9% from the prior year.
  • Operating Expenses came in at $10.9 million for Q1 2026 at Arq, down from $55.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $55.2 million in Q4 2025 to a low of $9.3 million in Q1 2025.
  • A 5-year average of $16.5 million and a median of $11.2 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses tumbled 61.47% in 2023 and jumped 487.97% in 2025, its largest moves.
  • Arq's Operating Expenses stood at $17.5 million in 2022, then plunged by 37.65% to $10.9 million in 2023, then declined by 13.8% to $9.4 million in 2024, then surged by 487.97% to $55.2 million in 2025, then slumped by 80.22% to $10.9 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $10.9 million, $55.2 million, and $10.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veralto 20.72 Bn 19.29 Bn 854.00 Mn 516.00 Mn
2 Zurn Elkay Water Solutions 7.83 Bn 7.56 Bn 205.80 Mn 109.10 Mn
3 Federal Signal 6.47 Bn 6.40 Bn 179.40 Mn 72.00 Mn
4 Ceco Environmental 2.82 Bn 2.78 Bn 63.92 Mn 56.37 Mn
5 PureCycle Technologies 2.21 Bn 2.11 Bn - 31.39 Mn
6 Euro Tech Holdings 1.36 Bn 1.34 Bn - -
7 Energy Recovery 421.81 Mn 335.66 Mn 2.70 Mn 17.56 Mn
8 CleanCore Solutions 173.22 Mn 156.17 Mn -419,259.00 18.56 Mn
9 Arq 116.43 Mn 111.76 Mn 9.94 Mn 10.92 Mn
10 374Water 42.95 Mn 42.95 Mn -2.43 Mn 5.94 Mn

Historic Data

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DateValue
Mar 31, 2026 10.92 Mn
Dec 31, 2025 55.22 Mn
Sep 30, 2025 10.95 Mn
Jun 30, 2025 11.07 Mn
Mar 31, 2025 9.25 Mn
Dec 31, 2024 9.39 Mn
Sep 30, 2024 11.41 Mn
Jun 30, 2024 9.60 Mn
Mar 31, 2024 11.01 Mn
Dec 31, 2023 10.90 Mn
Sep 30, 2023 11.65 Mn
Jun 30, 2023 11.20 Mn
Mar 31, 2023 11.46 Mn
Dec 31, 2022 17.47 Mn
Sep 30, 2022 21.58 Mn
Jun 30, 2022 27.48 Mn
Mar 31, 2022 29.74 Mn
Dec 31, 2021 24.98 Mn
Sep 30, 2021 27.56 Mn
Jun 30, 2021 20.63 Mn
Mar 31, 2021 22.28 Mn
Dec 31, 2020 22.60 Mn
Sep 30, 2020 22.30 Mn
Jun 30, 2020 42.55 Mn
Mar 31, 2020 20.90 Mn
Dec 31, 2019 20.73 Mn
Sep 30, 2019 21.52 Mn
Jun 30, 2019 19.84 Mn
Mar 31, 2019 22.88 Mn
Dec 31, 2018 13.78 Mn
Sep 30, 2018 5.12 Mn
Jun 30, 2018 5.84 Mn
Mar 31, 2018 5.61 Mn
Dec 31, 2017 4.85 Mn
Sep 30, 2017 6.24 Mn
Jun 30, 2017 27.32 Mn
Mar 31, 2017 11.10 Mn
Dec 31, 2016 8.85 Mn
Sep 30, 2016 18.62 Mn
Jun 30, 2016 13.56 Mn
Mar 31, 2016 25.67 Mn
Dec 31, 2015 20.34 Mn
Sep 30, 2015 22.87 Mn
Jun 30, 2015 32.67 Mn
Mar 31, 2015 28.66 Mn
Dec 31, 2014 19.24 Mn
Sep 30, 2014 19.35 Mn
Jun 30, 2014 11.59 Mn
Mar 31, 2014 8.55 Mn
Dec 31, 2013 15.07 Mn
Sep 30, 2013 13.18 Mn
Jun 30, 2013 11.85 Mn
Mar 31, 2013 10.32 Mn
Dec 31, 2012 12.81 Mn
Sep 30, 2012 7.29 Mn
Jun 30, 2012 5.84 Mn