Filing Flows › Arq (ARQ) › Q3 2026 › vs Q3 2025
Arq (ARQ) Q3 2026 vs Q3 2025 (year over year)
Arq's revenue rose $3.1M (+9%) from $35.1M in Q3 2025 to $38.2M in Q3 2026. Operating margin 8.2% against -3.1% (+11.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 8.2% | -3.1% | +11.2 pts |
| Net margin | 6.5% | -2.5% | +9.1 pts |
| Free cash flow margin | 25.0% | 8.8% | +16.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $38.2M | $35.1M | $3.1M | +9% |
| Operating profit | $3.1M | −$1.1M | $4.2M | — |
| Costs & expenses | $35.1M | $36.1M | −$1.1M | -3% |
| Pre-tax earnings | $2.5M | −$889K | $3.4M | — |
| Other expense, net | $623K | −$186K | $809K | — |
| Cost of revenue | $23.0M | $25.0M | −$1.9M | -8% |
| Research & development | $754K | $2.6M | −$1.8M | -71% |
| SG&A | $7.2M | $4.6M | $2.5M | +55% |
| Other operating costs | $4.1M | $4.0M | $144K | +4% |
| Net earnings | $2.5M | −$889K | $3.4M | — |
| Depreciation & amortization | $4.1M | $4.0M | $119K | +3% |
| Share-based compensation | $1.2M | $1.1M | $131K | +12% |
| Working capital & other | $2.5M | $1.1M | $1.4M | +122% |
| Operating cash flow | $10.3M | $5.3M | $5.0M | +95% |
| Free cash flow (OCF − capex) | $9.6M | $3.1M | $6.5M | +209% |
| Capital expenditures | $780K | $2.2M | −$1.4M | -65% |
Questions
How much did Arq's revenue grow year over year in Q3 2026?
Arq's revenue rose $3.1M (+9%) from $35.1M in Q3 2025 to $38.2M in Q3 2026. Operating margin 8.2% against -3.1% (+11.2 pts).