United States was Arq’s largest region in fiscal 2025, bringing in $111.42M of $120.34M (93%).
| Geography | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| United States | $91.37M | $101.10M | $111.42M |
| Canada | $7.82M | $7.86M | $8.91M |
| Total | $99.18M | $108.96M | $120.34M |
Arq brought in $120.34M from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 10.4% from $108.96M in fiscal 2024. United States was the largest at $111.42M (92.6%), ahead of Canada at $8.91M (7.4%).
Compared with fiscal 2024, Canada grew 13.5% to $8.91M and United States grew 10.2% to $111.42M. From fiscal 2023 to 2025, combined revenue from these regions grew from $99.18M to $120.34M, a compound annual growth rate of 10.1%. United States' share held steady at about 92.6%.
Error Correction, Deconsolidation was Arq’s largest revenue line in fiscal 2013, bringing in $19.25M of $3.45M (559%).
| Scenario | FY 2012 | FY 2013 | FY 2013 | FY 2013 |
|---|---|---|---|---|
| Error Correction, Deconsolidation | $10.14M | $2.67M | $9.91M | $19.25M |
| Error Correction, Other | -$2.56M | -$1.35M | -$5.78M | — |
| Doe & Other Parties Adjustment | — | — | — | -$4.20M |
| Completed Contract Revenue Recognition | — | — | — | -$11.60M |
| Total | $7.58M | $1.32M | $4.13M | $3.45M |
Arq brought in $3.45M from its three revenue lines in fiscal 2013, the year ended September 30, 2013. Arq regrouped these revenue lines after fiscal 2013, so the total does not compare directly with that year's $4.13M. Error Correction, Deconsolidation was the largest at $19.25M (558.5%).
Arq began breaking out Doe & Other Parties Adjustment in fiscal 2013 and Completed Contract Revenue Recognition in fiscal 2013. The total is net of Doe & Other Parties Adjustment, which took $4.20M off revenue in fiscal 2013.
Apt was Arq’s largest segment in fiscal 2019, bringing in $53.19M of $70.09M (76%).
| Statement Business Segments | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2018 | FY 2019 |
|---|---|---|---|---|---|---|
| Apt | — | $53.19M | ||||
| Emissions Control | — | — | ||||
| Refined Coal | $15.14M | $16.90M | ||||
| Pgi | $8.63M | — | ||||
| Emissions Control - Engineering Technology & Services | — | — | ||||
| Other | $105.00K | — | ||||
| Emissions Control - Manufacturing | — | — | ||||
| Total | $23.87M | $70.09M |
Arq brought in $70.09M from its two segments in fiscal 2019, the year ended December 31, 2019. Arq regrouped these segments after fiscal 2018, so the total does not compare directly with that year's $23.87M. Apt was the largest at $53.19M (75.9%), ahead of Refined Coal at $16.90M (24.1%).
Arq began breaking out Apt in fiscal 2019, when it brought in $53.19M. Arq stopped reporting Pgi ($8.63M in fiscal 2018) and Other ($105.00K in fiscal 2018) as separate segments.
Arq (ARQ) reports its revenue by geography, by scenario and by statement business segments. In fiscal 2025, United States was its largest region, bringing in $111.42M (92.6% of the total), followed by Canada at $8.91M (7.4%).
United States was Arq's largest region in fiscal 2025, bringing in $111.42M, or 92.6% of the $120.34M total across its two regions.
Error Correction, Deconsolidation was Arq's largest revenue line in fiscal 2013, bringing in $19.25M, or 558.5% of the $3.45M total across its three revenue lines.
Apt was Arq's largest segment in fiscal 2019, bringing in $53.19M, or 75.9% of the $70.09M total across its two segments.
Canada grew faster than United States in fiscal 2025, up 13.5% from $7.86M to $8.91M. United States grew 10.2% to $111.42M.
Every figure comes from Arq's annual financial filings, as reported. Each line keeps the name Arq gives it, and years follow its fiscal calendar.
Arq's revenue by geography goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.