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Side-by-side financial comparison of Ambiq Micro, Inc. (AMBQ) and Arq, Inc. (ARQ). Click either name above to swap in a different company.

Arq, Inc. is the larger business by last-quarter revenue ($29.4M vs $18.2M, roughly 1.6× Ambiq Micro, Inc.).

Ambiq Micro, Inc. is an American semiconductor company specializing in low-power microcontrollers and systems-on-chip, including products for devices smartwatches, medical devices, and sensors. Founded in 2010 by University of Michigan researchers Scott Hanson, David Blaauw, and Dennis Sylvester, the company is headquartered in Austin, Texas. Its products employ Subthreshold Power Optimized Technology (SPOT) to reduce energy consumption and enable on-device edge AI. In 2025, Ambiq went public...

Arq, Inc. is a sustainable technology firm focused on processing coal mining waste to produce high-value, low-carbon solid fuels and industrial carbon products. It caters to customers across the energy, construction, and manufacturing sectors, with core markets in North America and major European regions, aiming to cut industrial waste and carbon footprints for its clients.

AMBQ vs ARQ — Head-to-Head

Bigger by revenue
ARQ
ARQ
1.6× larger
ARQ
$29.4M
$18.2M
AMBQ

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AMBQ
AMBQ
ARQ
ARQ
Revenue
$18.2M
$29.4M
Net Profit
$-9.0M
Gross Margin
42.3%
13.6%
Operating Margin
-55.3%
-174.1%
Net Margin
-49.6%
Revenue YoY
8.8%
Net Profit YoY
EPS (diluted)
$-0.72
$-1.20

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMBQ
AMBQ
ARQ
ARQ
Q4 25
$29.4M
Q3 25
$18.2M
$35.1M
Q2 25
$17.9M
$28.6M
Q1 25
$27.2M
Q4 24
$27.0M
Q3 24
$34.8M
Q2 24
$25.4M
Q1 24
$21.7M
Net Profit
AMBQ
AMBQ
ARQ
ARQ
Q4 25
Q3 25
$-9.0M
$-653.0K
Q2 25
$-8.5M
$-2.1M
Q1 25
$203.0K
Q4 24
Q3 24
$1.6M
Q2 24
$-2.0M
Q1 24
$-3.4M
Gross Margin
AMBQ
AMBQ
ARQ
ARQ
Q4 25
13.6%
Q3 25
42.3%
28.8%
Q2 25
40.1%
33.3%
Q1 25
36.4%
Q4 24
36.3%
Q3 24
38.6%
Q2 24
32.2%
Q1 24
36.9%
Operating Margin
AMBQ
AMBQ
ARQ
ARQ
Q4 25
-174.1%
Q3 25
-55.3%
-2.4%
Q2 25
-49.2%
-5.4%
Q1 25
2.4%
Q4 24
1.5%
Q3 24
5.8%
Q2 24
-5.6%
Q1 24
-13.7%
Net Margin
AMBQ
AMBQ
ARQ
ARQ
Q4 25
Q3 25
-49.6%
-1.9%
Q2 25
-47.5%
-7.5%
Q1 25
0.7%
Q4 24
Q3 24
4.7%
Q2 24
-7.7%
Q1 24
-15.7%
EPS (diluted)
AMBQ
AMBQ
ARQ
ARQ
Q4 25
$-1.20
Q3 25
$-0.72
$-0.02
Q2 25
$-18.89
$-0.05
Q1 25
$0.00
Q4 24
$-0.03
Q3 24
$0.04
Q2 24
$-0.06
Q1 24
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMBQ
AMBQ
ARQ
ARQ
Cash + ST InvestmentsLiquidity on hand
$146.5M
$6.6M
Total DebtLower is stronger
$28.7M
Stockholders' EquityBook value
$169.8M
$168.0M
Total Assets
$186.7M
$230.6M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBQ
AMBQ
ARQ
ARQ
Q4 25
$6.6M
Q3 25
$146.5M
$7.0M
Q2 25
$47.5M
$7.0M
Q1 25
$6.3M
Q4 24
$13.5M
Q3 24
$48.7M
Q2 24
$28.5M
Q1 24
$35.2M
Total Debt
AMBQ
AMBQ
ARQ
ARQ
Q4 25
$28.7M
Q3 25
$26.1M
Q2 25
$28.9M
Q1 25
$27.1M
Q4 24
$25.1M
Q3 24
$21.6M
Q2 24
$22.2M
Q1 24
$22.6M
Stockholders' Equity
AMBQ
AMBQ
ARQ
ARQ
Q4 25
$168.0M
Q3 25
$169.8M
$217.2M
Q2 25
$-307.3M
$216.8M
Q1 25
$218.2M
Q4 24
$217.3M
Q3 24
$218.1M
Q2 24
$189.6M
Q1 24
$175.2M
Total Assets
AMBQ
AMBQ
ARQ
ARQ
Q4 25
$230.6M
Q3 25
$186.7M
$277.9M
Q2 25
$89.2M
$284.5M
Q1 25
$283.7M
Q4 24
$284.4M
Q3 24
$280.0M
Q2 24
$248.6M
Q1 24
$229.8M
Debt / Equity
AMBQ
AMBQ
ARQ
ARQ
Q4 25
0.17×
Q3 25
0.12×
Q2 25
0.13×
Q1 25
0.12×
Q4 24
0.12×
Q3 24
0.10×
Q2 24
0.12×
Q1 24
0.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMBQ
AMBQ
ARQ
ARQ
Operating Cash FlowLast quarter
$-5.0M
$-2.8M
Free Cash FlowOCF − Capex
$-3.5M
FCF MarginFCF / Revenue
-12.0%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBQ
AMBQ
ARQ
ARQ
Q4 25
$-2.8M
Q3 25
$-5.0M
$5.3M
Q2 25
$-10.5M
$527.0K
Q1 25
$-5.8M
Q4 24
$5.2M
Q3 24
$7.7M
Q2 24
$-3.0M
Q1 24
$526.0K
Free Cash Flow
AMBQ
AMBQ
ARQ
ARQ
Q4 25
$-3.5M
Q3 25
$3.1M
Q2 25
$-1.4M
Q1 25
$-9.5M
Q4 24
$-37.8M
Q3 24
$-5.8M
Q2 24
$-22.1M
Q1 24
$-9.1M
FCF Margin
AMBQ
AMBQ
ARQ
ARQ
Q4 25
-12.0%
Q3 25
8.8%
Q2 25
-4.7%
Q1 25
-34.9%
Q4 24
-139.6%
Q3 24
-16.5%
Q2 24
-87.1%
Q1 24
-41.7%
Capex Intensity
AMBQ
AMBQ
ARQ
ARQ
Q4 25
2.7%
Q3 25
6.3%
Q2 25
6.6%
Q1 25
13.6%
Q4 24
158.9%
Q3 24
38.7%
Q2 24
75.5%
Q1 24
44.1%
Cash Conversion
AMBQ
AMBQ
ARQ
ARQ
Q4 25
Q3 25
Q2 25
Q1 25
-28.59×
Q4 24
Q3 24
4.76×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMBQ
AMBQ

Customer Concentration Risk$16.2M89%
Other$2.0M11%

ARQ
ARQ

Segment breakdown not available.

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