Filing Flows › Arq (ARQ) › Q2 2025
Arq (ARQ) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Arq (ARQ) reported revenue of $28.6M for the second quarter 2025 (Q2 2025), +13% from a year earlier and +5% from the quarter before. Operating margin was -5.4%, net loss $2.1M (7.5% of revenue).
Arq, Q2 2025: revenue $28.6M (+12% year over year), operating margin -5.4%, net loss $2.1M, operating cash flow $527K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.6M | +5% | +13% |
| Operating profit | −$1.6M | -335% | — |
| Net earnings | −$2.1M | -1151% | — |
| Operating cash flow | $527K | — | — |
What changed
Revenue was $28.6M in Q2 2025, up 13% year over year and up 5% from the previous quarter.
Operating costs exceeded revenue by $1.6M, an operating margin of -5.4%. Total costs grew 12% against revenue growth of 13%. The fastest-growing cost line was Research & development (+190%). The quarter ended with a net loss of $2.1M, after a profit of $203K the previous quarter.
Operating cash flow was $527K. Non-cash charges added back $2.5M of depreciation and amortization and $734K of share-based compensation. Working capital and other items used $559K. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Arq's revenue in the second quarter 2025?
Arq (ARQ) reported revenue of $28.6M for the second quarter 2025 (Q2 2025), +13% from a year earlier and +5% from the quarter before.
Was Arq profitable in the second quarter 2025?
Operating loss was $1.6M (-5.4% of revenue) and net loss $2.1M.
Source: Arq 10-Q on SEC EDGAR.