Strong Revenue Growth
Arq reported revenue of $27.2 million in Q1 2025, an improvement of 25% over the prior year period, marking the eighth consecutive quarter of double-digit year-over-year percentage growth in ASP.
Improved Profitability
The company achieved adjusted EBITDA of $4.1 million and positive net income of $200,000, compared to a net loss of $3.4 million in Q1 2024.
High Customer Retention
Arq maintained a 95% customer retention rate in 2024 for power generation and industrial customers, showcasing strong relationships and customer satisfaction.
New Major Contract
Arq secured a landmark life of asset contract, the second-largest by value in company history, providing enhanced visibility into their PA business.
Potential New Growth Avenues
Exploration of extracting rare earth minerals and producing synthetic graphite from coal waste feedstock, with potential government funding support.