Filing Flows › Arq (ARQ) › Q3 2026 › vs Q2 2026
Arq (ARQ) Q3 2026 vs Q2 2026 (quarter over quarter)
Arq's revenue rose $8.3M (+28%) from $29.9M in Q2 2026 to $38.2M in Q3 2026. Operating margin 8.2% against -0.2% (+8.4 pts).
Arq, Q3 2026: revenue $38.2M (+9% year over year), operating margin 8.2%, net earnings $2.5M, operating cash flow $10.3M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 8.2% | -0.2% | +8.4 pts |
| Net margin | 6.5% | -2.5% | +9.0 pts |
| Free cash flow margin | 25.0% | -13.2% | +38.3 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $38.2M | $29.9M | $8.3M | +28% |
| Operating profit | $3.1M | −$68K | $3.2M | — |
| Costs & expenses | $35.1M | $30.0M | $5.1M | +17% |
| Pre-tax earnings | $2.5M | −$733K | $3.2M | — |
| Other expense, net | $623K | $665K | −$42K | -6% |
| Cost of revenue | $23.0M | $18.4M | $4.7M | +25% |
| Research & development | $754K | $958K | −$204K | -21% |
| SG&A | $7.2M | $6.8M | $363K | +5% |
| Other operating costs | $4.1M | $3.8M | $306K | +8% |
| Net earnings | $2.5M | −$733K | $3.2M | — |
| Depreciation & amortization | $4.1M | $3.8M | $276K | +7% |
| Share-based compensation | $1.2M | $1.0M | $141K | +14% |
| Working capital & other | $2.5M | −$6.9M | $9.4M | — |
| Operating cash flow | $10.3M | −$2.7M | $13.1M | — |
| Free cash flow (OCF − capex) | $9.6M | −$4.0M | $13.5M | — |
| Capital expenditures | $780K | $1.2M | −$453K | -37% |
Questions
How much did Arq's revenue grow quarter over quarter in Q3 2026?
Arq's revenue rose $8.3M (+28%) from $29.9M in Q2 2026 to $38.2M in Q3 2026. Operating margin 8.2% against -0.2% (+8.4 pts).