Arq Inc. 2025年季度报告

Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ INDEX PART I. - FINANCIAL INFORMATION Item 1.Financial Statements (unaudited):Condensed Consolidated Balance Sheets as ofMarch 31, 2025and December 31, 2024Condensed Consolidated Statements of Operations for the ThreeMonths EndedMarch 31, 2025andMarch 31, 2024Condensed Consolidated Statements of Changes in Stockholders' Equity for the ThreeMonths EndedMarch 31, 2025andMarch 31, 2024Condensed Consolidated Statements of Cash Flows for theThreeMonths EndedMarch 31, 2025andMarch 31, 2024Notes to Condensed Consolidated Financial StatementsItem 2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART II. - OTHER INFORMATION Item 1.Legal ProceedingsItem 1a.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures Arq, Inc. and SubsidiariesCondensed Consolidated Statements of Changes in Stockholders' Equity Arq, Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements Note 1 -Organization and Basis of Presentation Arq, Inc., together with its consolidated subsidiaries ("Arq" or the "Company"), is an environmental technology company that isprincipally engaged in the sale of consumable air, water, and soil treatment solutions, primarily based on activated carbon ("AC"). TheCompany's proprietary AC products enable customers to reduce air, water, and soil contaminants, including mercury, per andpolyfluoroalkyl substances ("PFAS") and other pollutants, to meet the challenges of existing and pending air quality and water The Company’s primary products are comprised of AC, which is produced from a variety of carbonaceous raw materials. TheCompany’s AC products include powdered activated carbon ("PAC") and granular activated carbon ("GAC"). Additionally, theCompany owns the Five Forks Mine, a lignite coal mine located in Saline, Louisiana, that currently supplies the primary raw material The Company, formerly known as Advanced Emissions Solutions, Inc., is a Delaware corporation with its principal office located inGreenwood Village, Colorado, with manufacturing, mining and logistics operations located in Louisiana and coal recovery and Basis of Presentation The accompanying Condensed Consolidated Financial Statements of Arq are unaudited and have been prepared in conformity withaccounting principles generally accepted in the United States ("U.S. GAAP") and with Article 10 of Regulation S-X of the Securities The unaudited Condensed Consolidated Financial Statements of Arq in this Quarterly Report on Form 10-Q ("Quarterly Report") arepresented on a consolidated basis and include Arq and its wholly-owned subsidiaries. Also included within the unaudited CondensedConsolidated Financial Statements are the Company's unconsolidated equity investments, Tinuum Group, which is accounted for Results of operations and cash flows for the interim periods are not necessarily indicative of the results that may be expected for theentire year. All significant intercompany transactions and accounts were eliminated in consolidation for all periods presented in this In the opinion of management, these Condensed Consolidated Financial Statements include all normal and recurring adjustmentsconsidered necessary for a fair presentation of the results of operations, financial position, stockholders' equity and cash flows for theinterim periods presented. These Condensed Consolidated Financial Statements should be read in conjunction with the Company’s Earnings (Loss) Per Share Basic earnings (loss) per share is computed using the weighted-average number of shares of the Company's common stock outstandingduring the reporting period. Diluted earnings (loss) p