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| 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 |