FY2025 · ended Dec 31, 2025 · Revenue $0, -100.0% YoY · Filed May 20, 2026
American Resources Corporation (AREC) files with the SEC under industry code 1220, Silver Ores. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $0 and net income of $55.4 million. As of Dec 31, 2025 it held $72.2 million in cash and investments and $2.7 million in total debt.
Revenue
$0
-100.0% vs prior year
Net income
$55.39M
+241.3% vs prior year
Operating cash flow
$-10.41M
+51.0% vs prior year
Free cash flow
$-22.30M
-14.2% vs prior year
EPS
$0.63
+223.5% vs prior year
Dividend per share
None
Shares outstanding
106.97M
+6.0% vs prior year
Net cash
$69.43M
FY 2025
Operating margin
-41734.7%
FY 2024
Company profile
- Industry
- Silver Ores (SIC 1220)
- Listed as
- AREC (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- FL
- Headquarters
- Fishers, IN
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1590715
- Former names
- NGFC Equities, Inc. (until Feb 15, 2017); NATURAL GAS FUELING & CONVERSION INC. (until May 7, 2015)
Other Silver Ores companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $0 | $34,070 | $11.8M | $39.5M | $7.8M |
| Operating income | -$11.3M | -$14.2M | -$36.4M | -$19.5M | -$28.3M |
| Net income | $55.4M | -$39.2M | -$38.5M | -$1.4M | -$32.5M |
| Diluted EPS | $0.63 | -$0.51 | — | — | — |
| Operating cash flow | -$10.4M | -$21.2M | -$19.5M | $2.5M | -$29.1M |
| Free cash flow | — | -$22.3M | — | — | — |
| Total assets | $168.9M | $281.7M | $64.7M | $55.9M | $42.9M |
| Total liabilities | $75.7M | $362.6M | $109.7M | $55.6M | $45.1M |
| Stockholders' equity | $94.8M | -$79.4M | -$43.5M | -$19.9M | -$2.3M |
| Cash and investments | $72.2M | $788,813 | $20.1M | — | $12.6M |
| Total debt | $2.7M | $22.7M | $4.9M | $5.8M | $6.0M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Listing notice
|
Oct 7, 2026 | Oct 6, 2026 |
| 8-K |
Current report
Material agreement, Acquisition or sale of assets
|
Oct 5, 2026 | Sep 29, 2026 |
| 8-K |
Current report
Listing notice
|
Aug 26, 2026 | Aug 20, 2026 |
| 8-K/A |
Amended current report
Auditor change, Restatement
|
Jul 29, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Auditor change, Restatement
|
Jul 24, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Other events
|
Jul 24, 2026 | Jul 24, 2026 |
All 579 American Resources Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.