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%.
Previously Reported was Arq’s largest revenue line in fiscal 2020, bringing in $61.58M of $67.36M (91%).
| Revision of Prior Period | FY 2020 |
|---|---|
| Previously Reported | $61.58M |
| Increase/(Decrease) | $5.79M |
| Total | $67.36M |
Arq brought in $67.36M from its two revenue lines in fiscal 2020, the year ended December 31, 2020. Previously Reported was the largest at $61.58M (91.4%), ahead of Increase/(Decrease) at $5.79M (8.6%).
Apt was Arq’s largest segment in fiscal 2020, bringing in $53.92M of $67.36M (80%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|
| Apt | — | — | $53.19M | $53.92M | |
| Emissions Control | — | — | — | — | |
| Pgi | $35.69M | $8.70M | — | — | |
| Refined Coal | — | $15.14M | $16.90M | $13.44M | |
| Other | — | $105.00K | — | — | |
| Total | $35.69M | $23.95M | $70.09M | $67.36M |
Arq brought in $67.36M from its two segments in fiscal 2020, the year ended December 31, 2020. That was down 3.9% from $70.09M in fiscal 2019. Apt was the largest at $53.92M (80.0%), ahead of Refined Coal at $13.44M (20.0%).
Compared with fiscal 2019, Apt grew 1.4% to $53.92M, while Refined Coal fell 20.5% to $13.44M.
Arq began breaking out Apt in fiscal 2019 and Refined Coal in fiscal 2018. Arq stopped reporting Pgi ($8.70M in fiscal 2018) and Other ($105.00K in fiscal 2018) as separate segments.
Arq (ARQ) reports its revenue by geography, by revision of prior period and by segment. 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.
Previously Reported was Arq's largest revenue line in fiscal 2020, bringing in $61.58M, or 91.4% of the $67.36M total across its two revenue lines.
Apt was Arq's largest segment in fiscal 2020, bringing in $53.92M, or 80.0% of the $67.36M 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.