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ARKOW

Arko Corp.

ARKOW

Arko Corp. • NASDAQ
$0.01 ▼ -1.03% (-0.00)
Market Cap $1.07 M
52w High $0.01
52w Low $0.01
Dividend Yield 0%
P/E 0.02
Volume 17.87K
Outstanding Shares 111.43M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.021B ▲ $74.995M ▲ $13.459M ▼ 0.666% ▼ $0.106 ▼ $72.256M ▼
Q2-2025 $2B ▲ $57.089M ▼ $20.098M ▲ 1.005% ▲ $0.16 ▲ $93.995M ▲
Q1-2025 $1.829B ▼ $78.717M ▲ $-12.672M ▼ -0.693% ▼ $-0.12 ▼ $32.598M ▼
Q4-2024 $1.992B ▼ $77.641M ▲ $-2.298M ▼ -0.115% ▼ $-0.03 ▼ $52.493M ▼
Q3-2024 $2.279B $72.927M $9.674M 0.424% $0.071 $77.836M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $332.024M ▲ $3.587B ▼ $3.214B ▼ $373.126M ▲
Q2-2025 $299.663M ▲ $3.609B ▲ $3.244B ▼ $364.835M ▲
Q1-2025 $271.085M ▲ $3.603B ▼ $3.247B ▲ $355.226M ▼
Q4-2024 $267.088M ▼ $3.621B ▼ $3.244B ▼ $376.866M ▼
Q3-2024 $296.829M $3.688B $3.308B $380.005M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.459M ▼ $0 ▼ $0 ▲ $0 ▼ $0 ▼ $0 ▼
Q2-2025 $20.098M ▲ $55.185M ▲ $-43.528M ▼ $15.259M ▲ $26.95M ▲ $9.838M ▼
Q1-2025 $-12.672M ▼ $43.402M ▲ $-26.904M ▲ $-19.365M ▼ $-2.871M ▲ $16.01M ▲
Q4-2024 $-2.298M ▼ $22.728M ▼ $-33.923M ▼ $-15.426M ▼ $-26.603M ▼ $-13.405M ▼
Q3-2024 $9.674M $109.156M $-28.288M $-12.907M $67.972M $79.887M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Fuel Products
Fuel Products
 $1.78Bn ▲$3.44Bn ▲$1.45Bn ▼$1.57Bn ▲
Merchandise Products
Merchandise Products
 $470.00M ▲$880.00M ▲$350.00M ▼$400.00M ▲
Other Product
Other Product
 $30.00M ▲$50.00M ▲$30.00M ▼$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Arko’s sales have grown strongly over the last several years, though they eased slightly most recently after a big run-up. The company consistently earns a profit, but margins are thin, which is typical for fuel and convenience retail. Operating performance has been fairly steady, yet bottom‑line earnings have drifted down from earlier highs, suggesting rising costs, mix changes, or integration expenses are weighing on net income. Overall, it looks like a large, stable revenue base with modest profitability and limited room for error if conditions worsen.

Balance Sheet

Balance Sheet The balance sheet shows a sizable asset base that has expanded over time, reflecting acquisitions and ongoing investment in stores and distribution. This growth has been funded heavily with debt, while the equity base has only inched up, pointing to a leveraged capital structure. Cash on hand provides some cushion but is not large relative to total obligations. The picture is of a business that has grown quickly using borrowing and now needs steady performance and disciplined capital allocation to comfortably support that debt load.

Cash Flow

Cash Flow Arko regularly generates positive cash flow from its operations, which is a key strength. The company spends materially on capital projects such as remodels, new concepts, and acquisitions, so free cash flow has been somewhat up and down, including a year where investment clearly outweighed incoming cash. More recently, free cash flow has been positive again, suggesting better balance between growth spending and internal funding. The business appears capable of funding much of its investment from operations, but large strategic moves may still lean on external financing.

Competitive Edge

Competitive Edge Arko operates at scale in a fragmented convenience and fuel market, combining a broad retail footprint with a sizable wholesale fuel business. This dual model provides multiple income streams and some resilience, as wholesale contracts can be steadier than purely retail margins. The dealerization strategy—shifting some stores to dealer‑operated while retaining fuel supply—can lighten capital and operating burdens while preserving key economics. At the same time, Arko faces intense competition from national chains, supermarkets, and dollar stores, and it must navigate long‑term shifts such as changing fuel demand and evolving consumer habits.

Innovation and R&D

Innovation and R&D Innovation at Arko is focused on customer experience and higher‑margin offerings rather than traditional lab‑style R&D. The upgraded loyalty app, digital engagement, and data‑driven promotions aim to deepen relationships and increase visit frequency. The “fas craves” foodservice concept and store remodels target more profitable prepared foods and a more modern look, which, if executed well, can improve margins. The company also leans on a repeatable acquisition playbook and portfolio optimization, which are strategic forms of innovation. The main risk is execution: integrating deals, scaling new concepts, and keeping the app compelling all require consistent operational discipline.

Summary

Arko looks like a scale convenience and fuel player that has grown rapidly and profitably, but with slim margins and meaningful leverage. Revenues are high and relatively stable, profits are positive but under pressure compared with earlier years, and cash generation from the core business is a clear asset. The strategy—dual retail and wholesale, dealerization, digital loyalty, and foodservice expansion—gives multiple levers for improving quality of earnings over time. Key uncertainties center on managing debt, integrating acquisitions, proving out the new food and loyalty initiatives at scale, and handling structural shifts in fuel and consumer behavior. Future performance will depend on how well the company converts its strategic plans into sustainably higher-margin, cash‑rich operations while keeping financial risk in check.