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…
Earnings analysis · 10-Q
ARKO earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.08
What stood out
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Revenue Decline Moderated
Total revenue fell to $1.77 billion, down 3.1% from $1.83 billion in Q1 2025.
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EPS Loss Narrowed
Net loss attributable to common shareholders was $8.06 million, an improvement from $14.09 million in Q1 2025.
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Increased Adjusted EBITDA
Adjusted EBITDA rose significantly to $50.93 million from $30.86 million year-over-year.
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Improved Fuel Margin
Fuel margin per gallon increased to 28.8 cents, up from 24.9 cents in Q1 2025.
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Retail Segment Resilience
Retail operating income rose to $53.6 million, compared to $40.2 million in Q1 2025.
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Strong Liquidity Position
As of March 31, 2026, liquidity stood at $1.1 billion, comprising $272 million in cash.
What to watch
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Decreased Merchandise Revenue
Merchandise revenue decreased by $49.1 million, or 13.8%, due to store conversions and severe weather conditions.
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Ongoing Fuel Market Volatility
Global geopolitical tensions increased fuel market volatility, impacting operational stability.
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Inflation Impact on Consumer Demand
Persistent inflation and higher costs may reduce consumer purchasing power, impacting sales.
Management's outlook
Management expects to convert more stores and enhance operational profitability but did not provide specific numeric guidance.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.