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
Download Data| Date | Value |
|---|---|
| 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 |