AREC · American Resources Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '25 | Q3 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $50.2K | $31.9K | - | $235.4K | $4.1K | $94.0K | - | $5.83M | $1.98M |
| Cost of Revenue | - | $44.4K | $976.5K | - | - | - | - | - | - | - |
| Gross Profit | - | $5.8K | ($944.5K) | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $2.54M | $3.21M | - | $3.94M | $2.89M | $2.06M | - | $1.30M | $1.13M |
| Total Operating Expenses | - | $4.36M | $5.02M | - | $8.49M | $6.23M | $6.36M | - | $4.74M | $9.01M |
| D&A | - | $516.4K | $550.6K | - | $584.1K | $519.4K | $32.5K | - | $9.2K | $8.5K |
| Operating Income | - | ($4.31M) | ($4.98M) | - | ($8.26M) | ($6.23M) | ($6.26M) | - | $1.09M | ($7.03M) |
| Interest Expense | - | $1.98M | $1.75M | - | $774.5K | $418.5K | $249.5K | - | $299.8K | $167.8K |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | - | ($6.30M) | ($6.66M) | - | ($9.22M) | ($6.60M) | $6.23M | - | $3.48M | ($999.9K) |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | ($0.12) | ($0.09) | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $31.70M | $2.08M | $24.6K | $604.5K | $840.3K | $554.4K | $179.81M | $7.03M | $44.71M | $51.53M |
| Accounts Receivable | - | $18.2K | $37.3K | $6.7K | - | - | - | $0 | $4.39M | - |
| Inventory | - | $1.08M | $1.08M | $960.0K | $2.03M | $2.03M | $130.0K | $54.0K | $2.17M | $711.2K |
| Accounts Payable | - | $5.82M | $8.96M | $9.01M | - | - | - | $4.43M | $4.92M | $4.74M |
| Current Assets | $134.26M | $8.79M | $8.63M | $11.33M | $5.71M | $4.45M | $4.82M | $34.89M | $12.35M | $6.39M |
| Total Assets | $168.91M | $201.20M | $202.76M | $205.01M | $211.60M | $195.52M | $216.09M | $91.75M | $102.92M | $100.08M |
| Current Liabilities | $61.21M | $83.62M | $85.97M | $84.80M | $24.61M | $19.27M | $15.96M | $18.07M | $16.21M | $16.20M |
| Long-term Debt | $965.3K | $0 | - | - | - | - | - | - | - | - |
| Total Liabilities | $75.72M | $296.20M | $289.26M | $286.92M | $265.99M | $241.14M | $235.89M | $91.52M | $88.22M | $89.34M |
| Stockholders' Equity | $94.78M | ($93.43M) | ($84.94M) | ($80.35M) | ($51.83M) | ($44.08M) | $223.8K | $223.8K | $14.70M | $10.74M |
| Retained Earnings | ($210.36M) | ($287.52M) | ($273.42M) | ($266.76M) | ($234.60M) | ($226.10M) | ($184.92M) | ($178.69M) | ($163.85M) | ($167.33M) |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($1.43M) | - | - | - | ($8.13M) | - | - | - |
| Investing Cash Flow | - | - | $741.4K | - | - | - | $3.80M | - | - | - |
| Financing Cash Flow | - | - | $76.8K | - | - | - | $146.81M | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 11.6% | -2958.4% | - | - | - | - | - | - | - |
| Operating margin | - | -8590.8% | -15608.8% | - | -3507.6% | -152122.5% | -6662.7% | - | 18.7% | -355.0% |
| EBITDA margin | - | -7561.4% | -13884.2% | - | -3259.5% | -139437.7% | -6628.1% | - | 18.9% | -354.5% |
| Net margin | - | -12564.1% | -20847.7% | - | -3917.0% | -161190.5% | 6622.0% | - | 59.8% | -50.5% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 5055.4% | 10046.4% | - | 1672.0% | 70533.4% | 2193.2% | - | 22.3% | 57.3% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -3.1% | -3.3% | - | -4.4% | -3.4% | 2.9% | - | 3.4% | -1.0% |
| Return on equity | - | 6.7% | 7.8% | - | 17.8% | 15.0% | 2781.4% | - | 23.7% | -9.3% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.19 | 0.11 | 0.10 | 0.13 | 0.23 | 0.23 | 0.30 | 1.93 | 0.76 | 0.39 |
| Quick ratio | 2.19 | 0.09 | 0.09 | 0.12 | 0.15 | 0.13 | 0.29 | 1.93 | 0.63 | 0.35 |
| Cash ratio | 0.52 | 0.02 | 0.00 | 0.01 | 0.03 | 0.03 | 11.27 | 0.39 | 2.76 | 3.18 |
| Leverage | ||||||||||
| Debt / Equity | 0.01 | 0.00 | - | - | - | - | - | - | - | - |
| Debt / Assets | 0.01 | 0.00 | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -2.2x | -2.8x | - | -10.7x | -14.9x | -25.1x | - | 3.6x | -41.9x |
| Equity multiplier | 1.78 | -2.15 | -2.39 | -2.55 | -4.08 | -4.44 | 965.38 | 409.87 | 7.00 | 9.32 |
| Liabilities / Assets | 0.45 | 1.47 | 1.43 | 1.40 | 1.26 | 1.23 | 1.09 | 1.00 | 0.86 | 0.89 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.06 | 0.02 |
| Inventory turnover | - | 0.04 | 0.91 | - | - | - | - | - | - | - |
| Days sales outstanding | - | 133d | 426d | - | - | - | - | - | 275d | - |
| Days inventory outstanding | - | 8872d | 403d | - | - | - | - | - | - | - |
| Days payable outstanding | - | 47865d | 3349d | - | - | - | - | - | - | - |
| Cash conversion cycle | - | -38860d | -2520d | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | 4165.9x | 1117.1x | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -78.7% | -66.0% | - | -96.0% | -99.8% | -98.9% | - | -38.7% | -87.8% |
| Revenue CAGR (3y) | - | -82.6% | -84.8% | - | -56.3% | -78.2% | 106.7% | - | 170.4% | 105.9% |
| Revenue CAGR (5y) | - | -29.8% | -42.9% | - | -33.8% | -78.7% | -57.8% | - | -8.4% | -22.4% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | 47.8% | 20.4% | - | - | 11.4% | -137.7% | - | - | -70.1% |
| Net income growth (YoY) | - | 31.7% | - | - | - | -560.1% | - | - | - | 59.1% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -80.3% | - | - | - | - | -97.0% | -21.4% | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$766.5K totalConsolidated$383.2K · 50.0%
American Infrastructure Corporation$174.7K · 22.8%
Electrified Materials Corporation$108.5K · 14.2%
Re Elements$100.0K · 13.0%
Peer comparison
Same SIC group: Silver Ores
Comparing American Resources Corp against the 4 most active filers in the same SIC group.