Tightened profit guidance follows a record quarter driven by PFAS-focused carbon demand.
ARQ Arq, Inc.
XNAS
3.18
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
ARQ
$3.18
—
What changed
Recent filings, trades and movesKey stats
$3.18
- 52-Week Range
- $1.54 – $4.02
- YTD
- -4.50%
- IV Rank (30D)
- 76.06
- Straddle Price
- $0.95
- P/C Vol Ratio
- 1.85
- Market Cap
- $0.1B
- Open
- $3.08
- Day Range
- $2.98 – $3.23
- Volume
- 878,535
- Prev Close
- $3.09
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.88% |
| Beta vs SPY | 1.46 |
| Cost of Equity (CAPM) | 12.93% (VRP-adj) |
| WACC | 12.32% |
| Volatility Risk Premium | +45.4pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -10.0% |
| DCF Horizon | 5 years explicit + fade |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | -28.6% |
| Book / Price | 129.3% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 28.8% |
| FCF Margin (TTM) | 1.1% |
| Debt / Equity | 0.05 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $2.07 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $2.11 |
| Bollinger Width / SMA20 | 93.7% (drives anchor stability) |
| Net Debt | $0.0B |
| Market Cap | $0B |
Peers used for multiples: KIDS, MYGN, OSPN, PCRX, TBCH
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
50%
20-Day Fair Value
≈ by Dec 14, 2026
$3.16
α -0.6%
rank 82%
conviction
46%
40-Day Fair Value
≈ by Jan 12, 2027
$3.27
α +2.9%
rank 82%
conviction
78%
60-Day Fair Value
≈ by Feb 10, 2027
$3.24
α +1.9%
rank 85%
conviction
50%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $0.03 | 32% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | $2.65 | 19% | median 22.0× · 4 peers |
| Peer P/B | $10.35 | 25% | median 2.6× · 5 peers |
| Peer P/S | $5.75 | 25% | median 2.0× · 5 peers |
| Market Anchor (SMA50) | $2.07 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-11-13 · updated
Related
About
- Industry (SIC)
- MISCELLANEOUS CHEMICAL PRODUCTS (2890) · industry map
- Exchange
- XNAS
- Market Cap
- $0.1B
- Employees
- 202
- List Date
- 2003-10-22
- CIK
- 0001515156
- Last Earnings
- Nov 4 after close · +29.7% vs ±127.3% expected
- Headquarters
- Greenwood Village, CO
- Homepage
- https://www.arq.com
Arq Inc is an environmental technology company principally engaged in the sale of consumable air, water, and soil treatment solutions, including activated carbon (AC) and chemical technologies. The company manufactures and sells activated carbon and other chemicals used to capture and remove contaminants for the coal-fired power generation, industrial, municipal water and air, water and soil treatment, and remediation markets. Some of the products in its portfolio are Powdered Activated Carbon, Granular Activated Carbon, and Colloidal Carbon Product, among others.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Seasonality
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | -15.79% | 6.91% | -4.44% |
| Feb | 4.23% | -15.94% | -2.77% | -4.83% |
| Mar | 90.59% | -14.72% | -26.86% | 16.34% |
| Apr | 18.84% | -8.23% | -3.81% | 2.27% |
| May | -11.11% | 29.66% | 20.52% | 13.02% |
| Jun | -10.34% | 5.09% | -8.60% | -4.62% |
| Jul | 15.55% | -2.01% | -16.70% | -1.05% |
| Aug | 10.00% | 49.61% | 5.47% | 21.69% |
| Sep | -6.68% | -1.92% | -3.66% | -4.09% |
| Oct | 3.53% | -6.08% | -6.35% | -2.97% |
| Nov | 33.16% | -43.64% | 75.69%* | 21.74% |
| Dec | 2.02% | -11.14% | -- | -4.56% |
| Total | 213.88% | -48.95% | 12.19% | 59.04% |
* Only 3 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $2.18
SMA 50: $2.09
SMA 200: $2.42
Current: $3.18
EMA 12: $2.61
EMA 26: $2.31
MACD: 0.2967 | Signal: 0.1515
BULLISH
ADX (14): 38.23
TREND
+DI: 43.65
−DI: 5.74
Momentum Oscillators
RSI (14): 84.62
OVERBOUGHT
Stoch %K: 97.98
Stoch %D: 98.18
Williams %R: -3.27
Volume & Volatility
BB Upper: $3.26
BB Lower: $1.10
NEUTRAL
OBV: 464,882
Vol SMA 20: 1,040,530
Vol ROC: 211.61%
ATR: $0.18
True Range: $0.25
HV 20: 104.6%
HV 30: 93.0%
HV 60: 74.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-15T00:00:00 – 2026-11-13T00:00:00
AI Analysis
Written before ARQ’s Nov 4 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report: ARQ
Executive Summary
BULLISH (Confidence Level: 6/10)
Key drivers:
- Bullish MACD signal
- Neutral RSI reading
- Recent positive news on GAC project
Primary risks:
- High volatility and beta >1.5
- Negative earnings surprises possible
- Regulatory issues may impact stock price
Investment thesis: ARQ has a potential upside due to its recent positive developments, such as the GAC project update. However, the high volatility and beta indicate that the stock is more prone to large moves. Investors should be cautious of potential negative surprises.
Recent news sentiment impact: The recent negative news headlines about ARQ's investigation and potential legal issues have had a significant impact on the stock price, causing it to move lower.
Technical Analysis
Trend Direction: Short-term: Downtrend (1-4 weeks), Medium-term: Range-bound (1-3 months), Long-term: Uptrend (3-12 months)
Support/Resistance Levels:
- Upper Bollinger Band: $2.79
- Middle Bollinger Band: $2.49
- Lower Bollinger Band: $2.19
Momentum Signals:
- RSI interpretation: Neutral (50.64)
- MACD signal: Bullish
- Bollinger Bands position: Squeeze (price is near the middle band)
Volume Analysis:
- Volume SMA 20: 310159.20
- On-Balance Volume (OBV): -11151124.03
- Volume Rate of Change: -6.59%
News & Sentiment Analysis
Recent Headlines Summary: Recent negative news headlines have had a significant impact on the stock price, causing it to move lower.
Sentiment Assessment: Negative sentiment has dominated recent news coverage.
Catalyst Identification: Upcoming earnings announcement and potential regulatory updates may impact the stock price.
Market Narrative: The market narrative is mixed, with both positive and negative news headlines influencing the stock's movement.
Risk & Volatility Assessment
Beta Interpretation: High risk due to beta >1.5.
Volatility Regime: Current volatility regime is high, indicating a higher risk environment.
Options Market Signals:
- IV Rank: 98.4% (High)
- Put/Call Volume Ratio: 0.70 (Neutral sentiment)
Downside Protection: Support levels and risk management considerations suggest that investors should be cautious of potential further declines.
Market Context & Positioning
Sector Performance: ARQ's sector is performing moderately well, but the stock is underperforming its peers.
Institutional Activity: Institutional interest is low, indicating a lack of buying pressure.
Correlation Analysis: The stock has a moderate positive correlation with the market (R-squared interpretation).
Relative Valuation: The stock is trading near its 50-day moving average and appears relatively undervalued compared to its peers.
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $2.19
- Support level: $2.20
- Resistance level: $2.60
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- Upper Bollinger Band: $2.79 (breakout level)
- Middle Bollinger Band: $2.49 (support/resistance level)
Time-Sensitive Catalysts: Upcoming earnings announcement and potential regulatory updates may impact the stock price.
Risk Management: Stop-loss levels should be set around $2.15, and position sizing considerations suggest a conservative approach to minimize potential losses.
Please note that this report is for informational purposes only and does not constitute investment advice. It's essential to do your own research and consult with a financial advisor before making any investment decisions.
Generated
News
All ARQ news →
Earnings History
9 of 12 under expected move
Avg Expected Move
32.92%
Avg Actual Move
18.23%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2024-03-12 | After-Close | 22.48% | 46.69% | 2.08x | Exceeded |
| 2024-05-08 | After-Close | 16.83% | 5.24% | 0.31x | Within |
| 2024-08-12 | After-Close | 16.40% | 4.61% | 0.28x | Within |
| 2024-11-07 | Pre-Market | 26.58% | 11.63% | 0.44x | Within |
| 2025-02-07 | After-Close | 20.66% | 1.46% | 0.07x | Within |
| 2025-05-07 | After-Close | 28.49% | 3.39% | 0.12x | Within |
| 2025-08-11 | After-Close | 19.88% | 10.09% | 0.51x | Within |
| 2025-11-05 | After-Close | 22.83% | 35.43% | 1.55x | Exceeded |
| 2026-03-10 | Pre-Market | 26.56% | 48.75% | 1.84x | Exceeded |
| 2026-05-06 | After-Close | 25.97% | 12.12% | 0.47x | Within |
| 2026-08-10 | After-Close | 41.06% | 9.66% | 0.24x | Within |
| 2026-11-04 | After-Close | 127.27% | 29.73% | 0.23x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
ARQ Options Activity & IV Rank
ARQ IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 354.3%
7-DTE IV: 354.3%
Expected Move: $0.95
7-DTE Move: $0.88
Days to Exp: 35 (2026-12-18)
Options Flow · All expiries
Call Volume: 20
Put Volume: 37
P/C Volume: 1.85
BEARISH
Call OI: 2,775
Put OI: 26
P/C OI: 0.009
Total OI: 2,801
ATM Options Pricing
ATM Call: $0.57
ATM Put: $0.38
Call %: 18.1%
Put %: 11.8%
Chain Summary
Chain Volume: 57
Chain OI: 2,801
Last Updated: 11/13/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 48th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
48%
vs own history
GEX tilt
+0.94
OI-weighted, today
Vanna tilt
+0.96
δ-sensitivity to IV
Charm tilt
-0.74
δ-decay vs time
Vanna tilt +0.96: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.74: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Put vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Call vs ATM
IV(call wing) − IV(ATM), in vol pointsThe same measure on the upside: how the OTM call is priced against the at-the-money strike.
- Negative (typical) — calls trade below ATM for most stocks and indices, so the sign alone says little.
- Percentile vs own history: high = upside calls unusually rich for this name (squeezes, takeover talk, commodity supply scares); low = calls cheaper than usual.
Reading them together
Put or call vs ATM tells you how expensive that tail is. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d put
—
—
pts
EXTREME
as of Nov 13 · No data
30 DTE / 10d put
—
—
pts
EXTREME
as of Nov 13 · ATM 151.5% / Put —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)56.7MediumNov 13
IV Rank (30 DTE)76.1HighNov 13
Straddle Price (30 DTE)$0.95Nov 13
Beta Analysis
Risk Metrics
Beta: 0.3946
Alpha: 21.33%
Correlation: 0.0664
R-Squared: 0.4%
Stock Volatility: 81.0%
Market Volatility: 13.6%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own ARQ
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $1.5M | #2113 of 3138 | +45.7% | 13F | |
| Citadel Hedge fund Ken Griffin | $416K | #4687 of 6285 | new | 13F | |
| Point72 Hedge fund Steve Cohen | $147K | #1804 of 1945 | new | 13F | |
| Millennium Management Hedge fund Izzy Englander | $48K | #3676 of 3716 | -58.2% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $5K | #4405 of 4858 | -50.4% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
ARQ Institutional Ownership (13F)
Filings for 2026-06-30 · 26 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 41,807,000 (as of 2026-09-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
3 filers$193.11K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $185.13K | 95.87% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $5.61K | 2.91% | 2026-06-30 |
| 3 | Simplex Trading, LLC Custodian | $2.37K | 1.23% | 2026-09-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
ARQ Insider Trading (Form 4)
Latest: 2026-09-10Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-10 | Shimon Steinmetz | Chief Financial Officer | Buy (P) | +2,972 | $2.34 | $7.0K | EDGAR |
| 2026-09-09 | Shimon Steinmetz | Chief Financial Officer | Buy (P) | +5,758 | $2.28 | $13.1K | EDGAR |
| 2026-09-08 | Shimon Steinmetz | Chief Financial Officer | Buy (P) | +16,270 | $2.22 | $36.1K | EDGAR |
| 2026-09-03 | Peter Oluoch Owino | Chief Accounting Officer | Award (A) | +161,047 | — | EDGAR | |
| 2026-08-18 | Joseph M Wong | Chief Technology Officer | Award (A) | +55,000 | — | EDGAR | |
| 2026-08-04 | Shimon Steinmetz | Chief Financial Officer | Award (A) | +343,023 | — | EDGAR | |
| 2026-08-04 | Claiborne Benson Smith | Gen Counsel, Corp Secretary | Award (A) | +61,047 | — | EDGAR | |
| 2026-08-04 | Joseph M Wong | Chief Technology Officer | Award (A) | +61,047 | — | EDGAR | |
| 2026-07-23 | Robert E. Rasmus | Chief Executive Officer | Mixed | +1,200,000 RSU | — | EDGAR | |
| 2026-07-06 | Carol S Eicher | Director | Award (A) | +24,641 | — | EDGAR | |
| 2026-07-06 | Jeremy Blank | Director | Award (A) | +49,283 | — | EDGAR | |
| 2026-07-06 | Laurie Bergman | Director | Award (A) | +24,641 | — | EDGAR | |
| 2026-07-06 | Julian Alexander McIntyre | Director | Award (A) | +49,283 | — | EDGAR | |
| 2026-07-06 | Richard Campbell-Breeden | Director | Award (A) | +49,283 | — | EDGAR | |
| 2026-05-06 | Jay Loring Voncannon | Chief Financial Officer | Sell (S) | −16,709 | $2.27 | -$37.9K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
ARQ Insider Holdings
13 insiders · @ $3.18
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Julian Alexander McIntyre | Director | 3,299,550 | $10.49M | $0 | 6 | 2026-07-06 |
| 2 | Jeremy Blank | Director | 2,537,850 | $8.07M | $205.0K | 7 | 2026-07-06 |
| 3 | Robert E. Rasmus | Chief Executive Officer | 1,078,434 | $3.43M | $505.1K | 9 | 2026-07-23 |
| 4 | Richard Campbell-Breeden | Director | 540,937 | $1.72M | $740.7K | 7 | 2026-07-06 |
| 5 | Joseph M Wong | Chief Technology Officer | 506,648 | $1.61M | $45.9K | 13 | 2026-08-18 |
| 6 | Shimon Steinmetz | Chief Financial Officer | 368,023 | $1.17M | $56.2K | 4 | 2026-09-10 |
| 7 | Carol S Eicher | Director | 198,651 | $631.7K | $151.0K | 4 | 2026-07-06 |
| 8 | Jeremy Williamson | Chief Operating Officer | 185,606 | $590.2K | -$32.1K | 11 | 2026-03-03 |
| 9 | Peter Oluoch Owino | Chief Accounting Officer | 161,047 | $512.1K | $0 | 1 | 2026-09-03 |
| 10 | Claiborne Benson Smith | Gen Counsel, Corp Secretary | 155,513 | $494.5K | -$34.0K | 7 | 2026-08-04 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ARQ Board & Officers
As of SEC filings through Sep 10, 2026Directors 6
- Carol S Eicher · since Apr 29, 2019
- Jeremy Blank · since Feb 1, 2023
- Julian Alexander McIntyre · since Feb 1, 2023
- Richard Campbell-Breeden · since Feb 1, 2023
- Laurie Bergman · since Jun 13, 2023
- Robert E. Rasmus · since Jul 14, 2023
Officers 5
- Robert E. Rasmus · Chief Executive Officer · since Jul 14, 2023
- Shimon Steinmetz · Chief Financial Officer · since Jul 27, 2026
- Joseph M Wong · Chief Technology Officer · since Aug 12, 2019
- Peter Oluoch Owino · Chief Accounting Officer · since Jun 14, 2026
- Claiborne Benson Smith · Gen Counsel, Corp Secretary · since Apr 26, 2024
Changes in the last 10 years (30)
| Jul 27, 2026 | Shimon Steinmetz became Chief Financial Officer |
| Jun 14, 2026 | Peter Oluoch Owino became Chief Accounting Officer |
| May 20, 2026 | The company announced the departure of Stacia Hansen as Chief Accounting Officer in an SEC filing |
| Apr 29, 2026 | The company announced the departure of Jeremy Williamson as Chief Operating Officer in an SEC filing |
| Mar 4, 2026 | Jay Loring Voncannon left as Chief Financial Officer, per their own SEC filing |
| Jun 3, 2025 | The company announced the departure of Louis Spencer Wells from the board in an SEC filing |
| Apr 2, 2025 | Jay Loring Voncannon became Chief Financial Officer |
| Apr 26, 2024 | Claiborne Benson Smith became Gen Counsel, Corp Secretary |
| Nov 6, 2023 | The company announced the departure of Morgan Fields as Chief Accounting Officer in an SEC filing |
| Nov 6, 2023 | Stacia Hansen became Chief Accounting Officer |
| Sep 18, 2023 | Jeremy Williamson became Chief Operating Officer |
| Jul 14, 2023 | The company announced the departure of Greg Marken as CEO in an SEC filing |
| Jul 14, 2023 | Robert E. Rasmus became a director |
| Jul 14, 2023 | Robert E. Rasmus became Chief Executive Officer |
| Jun 13, 2023 | Laurie Bergman became a director |
| Apr 11, 2023 | The company announced the departure of Taylor J. Simonton from the board in an SEC filing |
| Feb 1, 2023 | Richard Campbell-Breeden became a director |
| Feb 1, 2023 | Julian Alexander McIntyre became a director |
| Feb 1, 2023 | Jeremy Blank became a director |
| Feb 1, 2023 | Arq Ltd became a 10% owner |
| Mar 25, 2022 | Greg Marken listed as CEO (previously Chief Financial Officer) in SEC filings |
| Nov 23, 2021 | Theodore James Sanders reported in an SEC filing no longer being General Counsel |
| Aug 19, 2021 | Morgan Fields listed as Chief Accounting Officer (previously VP of Accounting) in SEC filings |
| Apr 1, 2021 | Morgan Fields became VP of Accounting |
| May 7, 2020 | Christine Bellino became Chief Accounting Officer |
| Aug 12, 2019 | Joseph M Wong became Chief Technology Officer |
| Apr 29, 2019 | Carol S Eicher became a director |
| Feb 27, 2019 | Brian Leen became a director |
| Mar 27, 2018 | Greg Marken listed as Chief Financial Officer (previously Chief Accounting Officer) in SEC filings |
| Feb 28, 2017 | Theodore James Sanders became General Counsel |
Not reported recently (11)
- Alta Fundamental Advisers SP LLC · Last reported as a director in an SEC filing dated Jul 3, 2024
- Alta Fundamental Advisers LLC · Last reported as a director in an SEC filing dated Jul 3, 2024
- Arq Ltd · Last reported as a 10% owner in an SEC filing dated Feb 14, 2023
- R Carter Pate · Last reported as a director in an SEC filing dated Jul 6, 2020
- Brian Leen · Last reported as a director in an SEC filing dated Jul 6, 2020
- Christine Bellino · Last reported as Chief Accounting Officer in an SEC filing dated May 18, 2020
- L Heath Sampson · Last reported as a director in an SEC filing dated Mar 25, 2020
- Ron Hanson · Last reported as SVP of Operations of ADA-ES in an SEC filing dated May 29, 2018
- Sharon Sjostrom · Last reported as Chief Product Officer in an SEC filing dated Mar 27, 2018
- Alan Bradley Gabbard · Last reported as a director in an SEC filing dated Dec 8, 2017
- Derek Johnson · Last reported as a director in an SEC filing dated Jul 5, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-11-04
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Event | Link |
|---|---|---|
| 2026-11-04 | Earnings results | EDGAR |
| 2026-08-28 | Director or officer change · Other events | EDGAR |
| 2026-08-10 | Earnings results | EDGAR |
| 2026-07-23 | Director or officer change | EDGAR |
| 2026-07-02 | Director or officer change | EDGAR |
| 2026-06-18 | Director or officer change | EDGAR |
| 2026-06-11 | Director or officer change · Shareholder vote results | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
9 ETFs hold ARQ
9 shown · $4.17M total exposure · 0.01% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $2.1M | — | 2026-09-30 |
| 2 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $735,875 | — | 2026-09-30 |
| 3 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.00% | $446,211 | — | 2026-11-12 |
| 4 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.03% | $311,892 | $1.2B | 2026-11-12 |
| 5 | QQQS Invesco NASDAQ Future Gen 200 ETF | Invesco | 0.85% | $174,835 | — | 2026-11-12 |
| 6 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.00% | $143,558 | $3.3B | 2026-11-12 |
| 7 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.00% | $125,018 | — | 2026-11-12 |
| 8 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.00% | $113,193 | — | 2026-11-12 |
| 9 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.00% | $32,080 | — | 2026-11-12 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-1.22
TTM Revenue
$126.58M
TTM Net Income
$-49.10M
TTM Op. Cash Flow
$4.93M
Quarterly figures (11 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q3 '26 | 2026-09-30 | $38.21M | $2.50M | $0.06 | $10.34M |
| Q2 '26 | 2026-06-30 | $29.88M | $-733.00K | $-0.02 | $-2.72M |
| Q1 '26 | 2026-03-31 | $29.05M | $-842.00K | $-0.02 | $64.00K |
| Q4 '25 | 2025-12-31 | $29.43M | $-50.03M | $-1.24 | $-2.76M |
| Q3 '25 | 2025-09-30 | $35.07M | $-889.00K | $-0.02 | $5.30M |
| Q2 '25 | 2025-06-30 | $28.58M | $-2.37M | $-0.06 | $527.00K |
| Q1 '25 | 2025-03-31 | $27.25M | $203.00K | — | $-5.80M |
| Q4 '24 | 2024-12-31 | $27.04M | $-1.34M | $-0.03 | $5.21M |
| Q3 '24 | 2024-09-30 | $34.77M | $1.62M | $0.04 | $7.69M |
| Q2 '24 | 2024-06-30 | $25.41M | $-1.97M | $-0.06 | $-2.95M |
| Q1 '24 | 2024-03-31 | $21.74M | $-3.42M | $-0.09 | $526.00K |
Q3 2026 • period ending 2026-09-30 • filed 2026-11-04
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
0.78
P/S
1.07
EV/EBITDA
25.79
EV/Sales
1.13
ROE
-31.2%
ROA
-22.5%
Div Yield
0.00%
FCF Yield
-0.09%
Debt/Equity
0.05
Current Ratio
—
Market Cap
$131.88M
as of 2026-11-13
ARQ vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| PCRX Pacira BioSciences, Inc. Common Stock | $1.5B | 39.2 | +3.7% | +49.1% | 11 |
| SIBN SI-BONE, Inc. Common Stock | $1.1B | — | +14.0% | +18.4% | 42 |
| KIDS OrthoPediatrics Corp. Common Stock | $851M | — | +16.1% | +84.2% | 15 |
| OSPN OneSpan Inc. Common Stock | $828M | 12.4 | +4.9% | +81.5% | 30 |
| PACB Pacific Biosciences of California, Inc. | $615M | — | +4.4% | +6.5% | 21 |
| MYGN Myriad Genetics Inc | $545M | — | −2.6% | −7.8% | 22 |
| DTIL Precision BioSciences, Inc. Common Stock | $307M | — | +4802.1% | +84.5% | 38 |
| TBCH Turtle Beach Corporation Common Stock | $296M | — | −13.0% | +16.2% | 29 |
| ARQ Arq, Inc. Common Stock | $137M | — | +7.3% | −4.5% | 76 |
| Peer median | $721M | 25.8 | +4.7% | +33.8% | 25 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
477.16K
SI % of Float
1.38%
Days to Cover
1.74
Short Vol Ratio
32.7%
Free Float
34.53M
Float %
79.1%
Short interest 2026-10-30 • Short volume 2026-11-13 • Float 2026-08-14