Arq (ARQ) Operating Expenses (2012 - 2026)

Arq's (ARQ) quarterly Operating Expenses came in at $10.9 million in Q1 2026, up 18.03% year-on-year from $9.3 million in Q1 2025, and down 80.22% quarter-over-quarter from $55.2 million in Q4 2025.

Arq (ARQ) Operating Expenses (2012 - 2026) Analysis & Trends

Arq has disclosed Operating Expenses across 15 years of filings, most recently posting $10.9 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $10.9 million, up 18.03% year-over-year; the trailing twelve-month figure through Mar 2026 was $88.2 million (up 122.35% YoY), and the FY2025 annual result 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.
  • The 5-year median for Operating Expenses is $11.2 million (2023), against an average of $16.5 million.
  • Across the five-year window, Operating Expenses plunged 61.47% in 2023 and soared 487.97% in 2025, its largest moves.
  • Arq's Operating Expenses stood at $17.5 million in 2022, then sank by 37.65% to $10.9 million in 2023, then dropped by 13.8% to $9.4 million in 2024, then jumped by 487.97% to $55.2 million in 2025, then tumbled by 80.22% to $10.9 million in 2026.
  • The last three Operating Expenses figures came in at $10.9 million (Q1 2026), $55.2 million (Q4 2025), and $10.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Aduro Clean Technologies 856.39 Bn 856.36 Bn - 3.04 Mn
2 Veralto 20.76 Bn 19.33 Bn 854.00 Mn 516.00 Mn
3 Zurn Elkay Water Solutions 8.35 Bn 8.08 Bn 205.80 Mn 109.10 Mn
4 Federal Signal 7.20 Bn 7.13 Bn 179.40 Mn 72.00 Mn
5 Ceco Environmental 3.52 Bn 3.48 Bn 63.92 Mn 56.37 Mn
6 PureCycle Technologies 1.57 Bn 1.47 Bn - 31.39 Mn
7 Energy Recovery 497.64 Mn 411.49 Mn 2.70 Mn 17.56 Mn
8 CleanCore Solutions 210.18 Mn 193.13 Mn -419,259.00 18.56 Mn
9 Arq 118.94 Mn 114.26 Mn 9.94 Mn 10.92 Mn
10 374Water 38.06 Mn 38.06 Mn -2.43 Mn 5.94 Mn

Historic Data

Download Data
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