Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.6M | $45.4M | $23.9M | $70.1M | $67.4M | $100M | $103M | $99.2M | $109M | $120M |
| Revenue growth | — | -10.4% | -47.2% | 192.7% | -3.9% | 48.9% | 2.7% | -3.7% | 9.9% | 10.4% |
| Operating income | -$16.1M | -$4.14M | -$6.40M | -$14.9M | -$41.0M | $4.85M | -$12.1M | -$13.3M | -$1.96M | -$53.0M |
| Operating margin | -31.8% | -9.1% | -26.7% | -21.2% | -60.8% | 4.8% | -11.7% | -13.4% | -1.8% | -44.0% |
| Net income | $97.7M | $27.9M | $35.5M | $35.5M | -$20.3M | $60.4M | -$8.92M | -$12.2M | -$5.11M | -$52.6M |
| Net margin | 193.0% | 61.4% | 148.1% | 50.7% | -30.1% | 60.2% | -8.7% | -12.3% | -4.7% | -43.7% |
| EPS (diluted) | $4.34 | $1.29 | $1.76 | $1.93 | -$1.12 | $3.27 | -$0.48 | -$0.42 | -$0.14 | -$1.27 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$18.3M | -$11.7M | -$9.89M | $62.3M | $54.0M | $26.0M | -$6.06M | -$16.7M | $10.5M | -$2.73M |
| Capital expenditures | $289K | $428K | $467K | $7.85M | $6.68M | $6.20M | $8.91M | $27.5M | $85.2M | $8.58M |
| Free cash flow | -$18.5M | -$12.2M | -$10.4M | $54.4M | $47.4M | $19.8M | -$15.0M | -$44.2M | -$74.7M | -$11.3M |
| Share buybacks | $0.00 | $16.4M | $25.3M | $5.79M | $159K | $0.00 | — | — | — | — |
| Dividends paid | $0.00 | $15.7M | $20.2M | $18.3M | $4.98M | $93.0K | $45.0K | $0.00 | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $13.2M | $30.7M | $23.8M | $17.1M | $35.9M | $78.8M | $66.4M | $45.4M | $13.5M | $6.57M |
| Total assets | $107M | $82.6M | $160M | $174M | $147M | $185M | $181M | $236M | $284M | $231M |
| Total liabilities | $31.1M | $9.16M | $91.7M | $65.5M | $61.5M | $38.1M | $41.2M | $57.1M | $67.1M | $62.6M |
| Long-term debt | — | $0.00 | $50.1M | $20.4M | $5.45M | $3.15M | $3.45M | $18.3M | $9.37M | $8.45M |
| Shareholders' equity | $76.2M | $73.5M | $67.9M | $108M | $85.2M | $147M | $140M | $178M | $217M | $168M |
| Retained earnings | -$43.4M | -$15.5M | $12.9M | $57.3M | $32.5M | $92.9M | $83.9M | $71.5M | $66.4M | $13.8M |
| Shares (wtd avg diluted) | 22.2M | 21.4M | 20.0M | 18.4M | 18.0M | 18.5M | 18.5M | 29.1M | 36.1M | 41.5M |
Every figure is extracted from Arq, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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