Arq (ARQ)
Makes activated-carbon products for water, air, soil, and emissions control.
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Sells activated-carbon consumables for water treatment, remediation, air-emissions control, biogas purification, and asphalt additives. The operating base is powdered activated carbon in one APT segment, while GAC production and Corbin feedstock remain paused under an optimization review.
Sells consumable air, water, and soil treatment products built primarily around activated carbon. Product families include powdered activated carbon, granular activated carbon, colloidal carbon, Arq Powder Wetcake, and emissions-control additives for utility, industrial, water, remediation, biogas, and asphalt uses.
The business reports one APT segment and is concentrated in North America, with most sales in the United States and additional sales in Canada. Powdered activated carbon is the current operating base, supported by domestic feedstock and customer contracts that usually run for multiple years.
Granular activated carbon and Corbin Wetcake remain structurally important but unresolved. GAC production is paused, the Corbin facility has been idled, and management is reviewing production-process design and economics before setting the next GAC strategy.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jan 15, 2026 | Canaccord Genuity | Target | Target: — | Target: $7.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $906.0K · Total debt $17.1M · Total assets $233.0M · Shareholders' equity $168.2M
- Revenue
- $29.9M
- Operating income
- −$68.0K
- Net income
- −$733.0K
No dividends on record.
| Insiders | 20.27% | 8.85M shares | |
|---|---|---|---|
| 14 holders · as of Sep 10, 2026 | |||
| Other | 79.73% | 34.82M shares | |
| remainder | |||
43.67M company shares as of Sep 22, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Julian Alexander McIntyreInsiderdirector | 7.56% | 3.30M | filed Jul 6, 2026 |
Daniel KaufmanInsider | 5.02% | 2.19M | filed Mar 12, 2026 |
Robert E. RasmusInsiderdirector, officer: Chief Executive Officer | 1.26% | 550,655 | filed Mar 25, 2026 |
Richard Campbell-BreedenInsiderdirector | 1.24% | 540,937 | filed Jul 6, 2026 |
Joseph M. WongInsiderofficer: Chief Technology Officer | 1.16% | 506,648 | filed Aug 18, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 8, 2026 | Shimon Steinmetz | officer: Chief Financial Officer | +2,972 | $2.34 |
| Sep 4, 2026 | Shimon Steinmetz | officer: Chief Financial Officer | +5,758 | $2.28 |
| Sep 3, 2026 | Shimon Steinmetz | officer: Chief Financial Officer | +16,270 | $2.22 |
| May 4, 2026 | Jay Loring Voncannon | officer: Chief Financial Officer | −16,709 | $2.27 |
| Mar 23, 2026 | Richard Campbell-Breeden | director | +150,000 | $2.21 |
