Arq Q3 results beat estimates on PAC business profitability; raises FY guidance
ARQ•Arq reported Q3 revenue of $38.21 million and net income of $2.50 million, both above analyst estimates. It raised the low end of its FY2026 adjusted EBITDA guidance to $19 million from $17 million, keeping the high end at $20 million.
1. Results and outlook
Q3 revenue rose 9% year over year to $38.21 million, above the $35.25 million consensus estimate, while net income of $2.50 million beat the $1.50 million estimate. Arq attributed revenue growth mainly to higher sales volumes and improved gross margins to strength and cost discipline in its core PAC business. The company raised its FY2026 adjusted EBITDA guidance to $19 million to $20 million from $17 million to $20 million, and reiterated revenue guidance of $120 million to $125 million and capital expenditure guidance of $8 million to $10 million.
