NASDAQ · Financial Statements

American Resources Corporation (AREC) Financial Statements

$1.14 NASDAQ: AREC Market Cap $121.95M

American Resources Corporation most recently reported annual revenue of $0, net profit of $55.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

American Resources Corporation: net profit was positive in 1 of 10 reported years; operating margin moved from -512.6% to -8634.2%, a shift of -8121.6 percentage points; the most recent year shows net profit of $55.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$0$21.0M$32.0M$24.0M$1.0M$8.0M$39.0M$13.0M$0$0
Operating Expenses$1.0M$35.0M$44.0M$84.0M$18.0M$36.0M$59.0M$50.0M$33.0M$11.0M
Operating Profit$-1.0M$-14.0M$-12.0M$-60.0M$-16.0M$-28.0M$-19.0M$-36.0M$-33.0M$-11.0M
Operating Margin-512.6%-67.3%-39.0%-244.9%-1552.1%-363.9%-49.4%-274.9%-8634.2%0.0%
Other Income$0$0$-1.0M$-11.0M$6.0M$0$18.0M$-2.0M$-7.0M$-7.0M
Interest$0$1.0M$2.0M$11.0M$3.0M$4.0M$1.0M$2.0M$8.0M$2.0M
Depreciation$0$3.0M$4.0M$6.0M$5.0M$4.0M$4.0M$4.0M$5.0M$0
Profit Before Tax$-1.0M$-14.0M$-13.0M$-71.0M$-10.0M$-29.0M$-1.0M$-39.0M$-40.0M$-18.0M
Tax$210,000$-2.5M$5.7M$0$0$-13.8M$0$0$0$0
Net Profit$-1.0M$-14.0M$-13.0M$-71.0M$-10.0M$-33.0M$-1.0M$-39.0M$-40.0M$55.0M
EPS$-0.86$-18.13$-3.67$-3.47$-0.35$-0.59$-0.02$-0.15$-0.52$0.63
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricMar '23Jun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25
Revenue$9.0M$2.0M$6.0M$0$0$0$0$0$0$0$0$0
Operating Expenses$12.0M$9.0M$8.0M$3.0M$7.0M$6.0M$8.0M$13.0M$5.0M$7.0M$4.0M$-5.0M
Operating Profit$-3.0M$-7.0M$-2.0M$-3.0M$-7.0M$-6.0M$-8.0M$-13.0M$-5.0M$-7.0M$-4.0M$5.0M
Operating Margin-29.7%-367.4%-31.9%-4289.9%-7158.3%-152159.7%-3507.6%-27042.7%-15608.8%-50624.6%-8590.8%-5546.9%
Interest$1.0M$0$1.0M$0$0$0$1.0M$6.0M$2.0M$2.0M$2.0M$4.0M
Profit Before Tax$-3.0M$-8.0M$-2.0M$-11.0M$-7.0M$-7.0M$-9.0M$-18.0M$-7.0M$-9.0M$-8.0M$4.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-3.0M$-8.0M$-2.0M$-11.0M$-7.0M$-7.0M$-9.0M$-18.0M$-7.0M$-9.0M$-4.0M$77.0M
EPS$-0.05$-0.01$-0.03$-0.14$-0.09$-0.09$-0.12$-0.23$-0.08$-0.10$-0.05$0.86

Over the 10 years reported for American Resources Corporation, cash stood at $32.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.20 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$0$18.0M$41.0M$35.0M$38.0M$43.0M$56.0M$65.0M$205.0M$169.0M
Current Assets$0$3.0M$4.0M$3.0M$11.0M$15.0M$13.0M$38.0M$11.0M$134.0M
Cash$0$0$2.0M$0$11.0M$11.0M$11.0M$1.0M$1.0M$32.0M
Inventory$0$1.0M$0$1.0M$0$0$0$0$1.0M$0
Receivables$0$2.0M$2.0M$3.0M$0$3.0M$1.0M$1.0M$1.0M$59.0M
Fixed Assets$0$11.0M$33.0M$28.0M$22.0M$24.0M$22.0M$22.0M$39.0M$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$4.0M$5.0M$4.0M$0$3.0M$19.0M$5.0M$2.0M$73.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$0$58.0M$51.0M$68.0M$58.0M$45.0M$56.0M$110.0M$287.0M$76.0M
Current Liabilities$0$35.0M$26.0M$45.0M$21.0M$17.0M$27.0M$77.0M$85.0M$61.0M
Borrowings$0$15.0M$22.0M$33.0M$31.0M$16.0M$23.0M$47.0M$221.0M$8.0M
Other Liabilities$0$44.0M$28.0M$34.0M$28.0M$29.0M$32.0M$63.0M$66.0M$68.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$0$-40.0M$-9.0M$-33.0M$-20.0M$-2.0M$0$-44.0M$-80.0M$95.0M

For American Resources Corporation, operating cash flow was positive in 1 of 10 reported years; free cash flow in the latest year was negative at $18.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$0$-6.0M$-3.0M$-19.0M$-14.0M$-29.0M$3.0M$-7.0M$-22.0M$-18.0M
Investing Cash Flow$0$0$0$0$0$-9.0M$-7.0M$-3.0M$-1.0M$-43.0M
Financing Cash Flow$0$0$0$1.0M$-2.0M$-1.0M$0$0$1.0M$14.0M
Net Cash Flow$0$-1.0M$2.0M$-2.0M$11.0M$1.0M$0$-6.0M$124.0M$32.0M
Free Cash Flow$0$-6.0M$-3.0M$-20.0M$-14.0M$-32.0M$-4.0M$-11.0M$-23.0M$-18.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA-14.52
FCF Yield-5.94%
Quick Ratio2.19
Interest Coverage-493.28
Return 1Y63.72%
Return 3Y-5.61%
Return 5Y-18.50%

American Resources Corporation (AREC) financials — frequently asked questions

What is American Resources Corporation's annual revenue?

American Resources Corporation (AREC) reported annual revenue of $0 in its most recent fiscal year.

What is American Resources Corporation's net profit?

American Resources Corporation (AREC) reported net profit of $55.0M in its most recent fiscal year.

What is AREC EV/EBITDA?

American Resources Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is -14.52. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Related stock screens

High ROE Energy StocksLow P/E Energy StocksHigh Net Margin Energy StocksDividend Energy StocksLow Debt Energy StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksNasdaq High ROE StocksAll stock screens
AREC Overview AREC Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.