ARKO earnings analysis
What we found in ARKO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
ARKO Corp. reported a decrease in total revenues to $1.77 billion for Q1 2026, down 3.1% year-over-year. Net loss attributable to shareholders was reduced to $8.06 million, an improvement compared to a loss of $14.09 million the previous year. The company demonstrated operational efficiency with a notable increase in Adjusted EBITDA, reaching $50.93 million, reflecting growth in fuel margin despite decreased merchandise revenue.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline Moderated
- Total revenue fell to $1.77 billion, down 3.1% from $1.83 billion in Q1 2025.
- EPS Loss Narrowed
- Net loss attributable to common shareholders was $8.06 million, an improvement from $14.09 million in Q1 2025.
- Increased Adjusted EBITDA
- Adjusted EBITDA rose significantly to $50.93 million from $30.86 million year-over-year.
- Improved Fuel Margin
- Fuel margin per gallon increased to 28.8 cents, up from 24.9 cents in Q1 2025.
- Retail Segment Resilience
- Retail operating income rose to $53.6 million, compared to $40.2 million in Q1 2025.
- Strong Liquidity Position
- As of March 31, 2026, liquidity stood at $1.1 billion, comprising $272 million in cash.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decreased Merchandise Revenue
- Merchandise revenue decreased by $49.1 million, or 13.8%, due to store conversions and severe weather conditions.
- Ongoing Fuel Market Volatility
- Global geopolitical tensions increased fuel market volatility, impacting operational stability.
- Inflation Impact on Consumer Demand
- Persistent inflation and higher costs may reduce consumer purchasing power, impacting sales.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.08
- Segment
- Retail: $945.17M
- Segment
- Wholesale: $690.91M
- Segment
- Fleet Fueling: $129.54M
What they said about what is next.
Management expects to convert more stores and enhance operational profitability but did not provide specific numeric guidance.
The filing reads better than the one before it.
What came before.
- 10-K · February 25, 2026
- ARKO is executing a multi-year Transformation Plan that is shifting store economics by converting retail stores to dealer locations and investing in higher-margin foodservice (launched fas craves). For the year ended…
- 10-Q · November 5, 2025
- ARKO reported Q3 2025 total revenues of $2,020,833,000 and diluted EPS of $0.10. Revenue declined versus Q3 2024 while net income and EPS improved year-over-year; cash balances rose and nine‑month operating cash flow…
- 10-K · February 26, 2025
- ARKO is a scale-focused convenience-store operator that ended 2024 with 1,389 retail stores and 3,591 total sites and is executing a multi-year Transformation Plan to shift economics by converting retail stores to…
- 10-Q · August 6, 2024
- ARKO reported Q2 revenue of $2,388,163,000 and diluted EPS of $0.11; revenue declined year-over-year but rose materially quarter-over-quarter and operating performance swung to a positive $42.9M in the quarter.…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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