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Upturn AI Summary - About
Arq Inc(ARQ)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ARQ
11/10/2026: ARQ (2-star) is currently NOT-A-BUY. Pass it for now.
Arq Inc is a specialty environmental technology company transitioning from legacy emission control services to the production of high-performance activated carbon. Its main strength lies in its specialized adsorbent technology, which is increasingly relevant for air and water purification. The primary growth opportunity involves scaling its new production facility to capture market share in broader industrial and municipal applications. Key risks include the company's execution in transitioning business models, high competitive pressure from larger chemical firms, and the structural decline of coal-fired energy markets. This stock is best suited for investors comfortable with small-cap volatility, and market participants should monitor production output and new customer wins.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Arq represents a turnaround/growth play depending on the success of its activated carbon production scaling. |
| Momentum investor | Weak fit | The stock often lacks consistent bullish trend signals and requires a fundamental catalyst for significant momentum. |
| Value investor | Mixed fit | Valuation depends heavily on the future earnings power of new production assets. |
| Dividend investor | Weak fit | The company does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | High volatility associated with operational pivots and industry exposure makes this a higher-risk security. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock experiences significant price swings due to its small-cap nature and ongoing business transformation. |
| Valuation risk | Medium / high | Market pricing is sensitive to execution success in the activated carbon segment. |
| Competition risk (specialty chemicals) | High | Arq faces competition from much larger, well-capitalized chemical companies. |
| Business quality | Medium | The business is transitioning from a service-heavy model to a capital-intensive manufacturing model. |
| Dividend income | Low / none | There is no dividend to provide income or cushion against price volatility. |
| Execution risk | High | Scaling production and achieving market share targets is critical for future viability. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 287.49% | Avg. Invested days 49 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/10/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 126.38M USD | Price to earnings Ratio - | 1Y Target Price 4.15 |
Price to earnings Ratio - | 1Y Target Price 4.15 | ||
Volume (30-day avg) 726.2K shares | Beta 2.89 | 52 Weeks Range 1.54 - 4.03 | Updated Date 11/09/2026 |
52 Weeks Range 1.54 - 4.03 | Updated Date 11/09/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.2 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Activated Carbon Sales | Production and distribution of high-performance carbon adsorbents for air and water treatment. | The core of the future business; revenue depends on selling carbon products to industrial and municipal customers. |
| Environmental Services | Legacy emission control equipment and chemical supply programs. | A declining but cash-generating segment as power plants shift away from coal. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-11-04 | When After Market | Estimate 0.04 | Actual 0.06 |
Profitability
Profit Margin -38.65% | Operating Margin (TTM) 8.24% |
Management Effectiveness
Return on Assets (TTM) -0.96% | Return on Equity (TTM) -25.15% |
Valuation
Trailing PE - | Forward PE 65.79 | Enterprise Value 139.84M | Price to Sales(TTM) 1 |
Enterprise Value 139.84M | Price to Sales(TTM) 1 | ||
Enterprise Value to Revenue 1.1 | Enterprise Value to EBITDA 30.32 | Shares Outstanding 44.19M | Shares Floating 32.96M |
Shares Outstanding 44.19M | Shares Floating 32.96M | ||
Percent Insiders 25.65 | Percent Institutions 35.59 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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