American Resources Corp income statement
In fiscal 2025, American Resources Corp reported revenue of $0, down 100.0% on the year before and net income of $55.4m, or $0.63 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Sept 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 8 | 21 | 32 | 24 | 1 | 8 | 39 | 12 | 0 | 0 |
| Cost of revenue | 0 | — | 2 | 25 | 26 | 4 | 7 | 22 | — | — | — |
| Gross profit | 0 | — | 19 | 7 | −2 | −3 | 1 | 18 | — | — | — |
| General and administrative | 0 | −0 | −1 | 6 | 5 | 2 | 4 | 4 | 11 | 11 | 10 |
| Operating income | −0 | −22 | −13 | −11 | −60 | −16 | −28 | −19 | −36 | −14 | −11 |
| Interest expense | — | 0 | 1 | −1 | 3 | 3 | 4 | 1 | 2 | 8 | — |
| Income before tax | — | — | — | — | — | — | — | — | −1 | −16 | −18 |
| Income tax | — | — | — | — | — | — | — | — | — | 0 | 0 |
| Net income | −0 | −22 | −13 | −13 | −71 | −10 | −33 | −1 | −39 | −39 | 55 |
| Diluted EPS | −$0.01 | $0.00 | −$8.20 | −$1.84 | −$1.47 | −$0.17 | −$0.59 | — | −$0.51 | −$0.51 | $0.63 |
| Diluted shares (average) | 44m | — | 2m | 7m | 48m | 59m | 55m | 67m | 75m | 77m | 87m |
| EBITDA | −0 | −24 | −15 | −9 | −55 | −15 | −26 | −17 | −34 | −14 | −11 |
| Quarter | 2023 Q4Dec 2023 | 2024 Q1Mar 2024 | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | −5 | 0 | 0 | 0 | −0 | 0 | 0 | −0 |
| Cost of revenue | — | 1 | — | 0 | — | 0 | 0 | — |
| Gross profit | — | −1 | — | −0 | — | −0 | −0 | — |
| General and administrative | 7 | 4 | 3 | 6 | −4 | 3 | 3 | −0 |
| Operating income | −28 | −7 | −6 | −9 | 10 | −5 | −4 | 5 |
| Interest expense | 1 | 1 | 0 | 2 | 2 | 2 | 2 | — |
| Non-interest income | — | 0 | — | — | — | — | — | — |
| Net income | −39 | −7 | −7 | −11 | −10 | −7 | −8 | 78 |
| Diluted EPS | — | −$0.09 | — | −$0.14 | −$0.14 | −$0.08 | −$0.05 | $0.75 |
| EBITDA | −26 | −7 | −6 | −8 | 9 | −4 | −4 | 3 |
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