Arq (ARQ) Balance Sheet: Assets & Liabilities

Arq (ARQ) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Arq reported total assets of $230.58M and total liabilities of $62.62M. Shareholders' equity was $167.96M, down 22.7% from $217.28M a year earlier. Total debt stood at $27.40M against $6.57M in cash and short-term investments, a net debt position of $20.83M. That puts debt-to-equity at 0.16, compared with 0.11 a year earlier.

Arq Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Arq, Inc. (ARQ) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	6.57	13.52	45.36	66.43	78.75	25.93	12.08	18.58	30.69
Cash & Short-Term Investments	6.57	13.52	45.36	66.43	78.75	25.93	12.08	18.58	30.69
Accounts Receivable	14.98	14.88	16.19	13.79	15.10	16.58	11.68	13.84	4.36
Inventory	15.90	19.31	19.69	17.83	7.85	9.88	15.46	21.79	0.07
Other Current Assets	6.40	4.65	5.22	2.40	6.66	9.60	7.83	5.57	1.76
Total Current Assets	43.85	52.36	86.46	105.66	108.37	61.99	47.05	59.78	36.89
Non-Current Assets
Property, Plant & Equipment (Net)	143.15	178.56	105.24	49.71	43.24	37.41	58.61	48.51	0.41
Long-Term Investments	9.07	8.72	0.00	0.00	2.39	8.24	39.71	12.79	4.90
Intangible Assets	0.57	7.57	7.90	0.85	1.24	1.96	4.17	4.83	0.81
Other Non-Current Assets	43.57	53.45	35.90	24.95	30.20	26.46	10.17	1.22	0.95
Total Non-Current Assets	186.73	232.01	149.04	75.50	77.07	84.68	126.75	108.17	45.89
Total Assets	230.58	284.37	235.50	181.16	185.44	146.67	173.80	167.95	82.77
Current Liabilities
Accounts Payable	15.27	21.02	14.60	16.11	16.49	7.85	8.05	6.24	1.00
Short-Term Debt	18.95	13.83	4.60	1.13	3.17	20.32	26.31	24.07	0.00
Current Portion of Long-Term Debt	1.06	1.62	2.65	1.13	1.01	-	-	-	-
Accrued Liabilities	-	2.33	0.95	-	6.48	0.74	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.48	1.83
Other Current Liabilities	7.02	8.18	2.90	2.33	2.16	13.07	4.28	9.94	3.84
Total Current Liabilities	42.30	44.65	23.05	23.88	22.62	42.54	39.31	40.72	6.88
Non-Current Liabilities
Long-Term Debt	8.45	9.37	27.14	3.45	7.33	6.55	23.24	43.64	0.00
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.28	0.16
Other Non-Current Liabilities	11.87	13.07	6.91	0.73	8.18	12.36	2.95	9.22	0.29
Total Non-Current Liabilities	20.32	22.44	34.05	17.30	15.51	18.92	26.19	59.28	2.44
Total Liabilities	62.62	67.09	57.10	41.19	38.14	61.46	65.51	100.00	9.32
Stockholders' Equity
Common Stock	0.05	0.05	0.04	0.02	0.02	0.02	0.02	0.02	0.02
Retained Earnings	13.82	66.43	71.54	83.95	92.86	32.45	57.34	12.91	-15.48
Treasury Stock	47.69	47.69	47.69	47.69	47.69	-	-	-	-
Additional Paid-in Capital	201.78	198.49	106.82	103.70	54.41	52.73	50.93	55.01	88.91
Shares Outstanding	42.73	42.02	33.17	19.17	18.84	-	-	-	-
Total Stockholders' Equity	167.96	217.28	178.40	139.98	147.30	85.21	108.29	67.95	73.46
Total Liabilities & Equity	230.58	284.37	235.50	181.16	185.44	146.67	173.80	167.95	82.77

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Arq Balance Sheet

How much debt does Arq have?

Arq had total debt of $27.40M as of Dec 31, 2025, against $6.57M in cash and short-term investments. Its debt-to-equity ratio was 0.16. Total debt was $23.20M a year earlier.

What are Arq's total assets?

Arq reported total assets of $230.58M as of Dec 31, 2025, down 18.9% from $284.37M a year earlier. Total liabilities were $62.62M.

What is Arq's shareholders' equity?

Arq's shareholders' equity was $167.96M as of Dec 31, 2025, or about $3.93 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition