Arq Inc 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026or (Exact name of registrant as specified in its charter)______________________________________ Securities registered pursuant to Section 12(b) of the Act: 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 suchfiling requirements for the past 90 days.Yes☒No☐ 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 submitsuch files).Yes☒No☐ 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 growthcompany" in Rule 12b-2 of the Exchange Act. Largeacceleratedfiler☐Non-accelerated filer☐ 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.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May4, 2026, there were 42,926,258 outstanding shares of Arq, Inc. common stock, par value $0.001 per share. INDEX PART I. - FINANCIAL INFORMATIONItem 1.Financial Statements (unaudited):Condensed Consolidated Balance Sheets as ofMarch 31, 2026and December 31, 20251Condensed Consolidated Statements of Operations for the Three Months EndedMarch 31, 2026 andMarch 31,20252Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three Months EndedMarch 31,2026 and March 31, 20253Condensed Consolidated Statements of Cash Flows for the Three Months EndedMarch 31, 2026 and March 31,20254Notes to Condensed Consolidated Financial Statements5Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations18Item 3.Quantitative and Qualitative Disclosures About Market Risk26Item 4.Controls and Procedures26PART II. - OTHER INFORMATIONItem 1.Legal Proceedings27Item 1a.Risk Factors27Item 2.Unregistered Sales of Equity Securities and Use of Proceeds27Item 4.Mine Safety Disclosures27Item 5.Other Information27Item 6.Exhibits28Signatures30 Part I. – FINANCIAL INFORMATION Arq, Inc. and SubsidiariesCondensed Consolidated Statements of Operations(Unaudited) Arq, Inc. and SubsidiariesCondensed Consolidated Statements of Changes in Stockholders' Equity(Unaudited) Arq, Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(Unaudited) Arq, Inc. and SubsidiariesNotes to Condensed Consolidated Financial Statements(Unaudited) Note 1 -Organization and Basis of Presentation Arq, Inc., together with its consolidated subsidiaries ("Arq" or the "Company", formerly known as Advanced Emissions Solutions,Inc.) is a Delaware corporation with its principal office located in Greenwood Village, Colorado, with manufacturing, mining andlogistics operations located in Louisiana and coal recovery and manufacturing operations located in Kentucky. The Company is an environmental technology company that is principally engaged in the sale of consumable air, water, and soiltreatment solutions, primarily based on activated carbon ("AC"). The Company's proprietary AC products enable customers to reduceair, water, and soil contaminants, including mercury, per and polyfluoroalkyl substances ("PFAS") and other pollutants, to meet thechallenges of existing and pending air quality and water regulations. The Company manufactures and sells AC and other chemicalsused to capture and remove impurities, contaminants, and pollutants for the coal-fired power generation, industrial, water treatment,and water and soil remediation markets, which are collectively referred to as the advanced purification technologies ("APT") market. 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"). The Company owns a lignite coal mine located in Saline, Louisiana (the "Five Forks Mine") that currently supplies the primary rawmaterial for the manufacturing of the majority of Company’s products at its facility in Coushatta, Louisiana (the "Red River Plant"). Inaddition, the Company leases land in Corbin, Kentucky, where it holds an idled manufacturing facili