In fiscal 2025, which ended Dec 31, 2025, American Resources Corporation reported revenue of $0, down 100.0% from the year before. Net income was $55.4 million. Diluted earnings per share were $0.63. Across the 9 fiscal years shown, revenue shrank from $147,282 in fiscal 2016 to $34,070 in fiscal 2024, about 16.7% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| 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
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2016
Sep 30, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
0
-100.0%
|
0
-99.7%
|
12
-70.1%
|
39
+409.0%
|
8
+631.8%
|
1
-95.7%
|
24
-22.4%
|
32
+51.4%
|
21
+14036.8%
|
0
+135.9%
|
| Cost of revenue |
—
|
—
|
—
|
22
+205.9%
|
7
+89.1%
|
4
-85.6%
|
26
+8035.8%
|
0
|
—
|
0
+34.4%
|
| Gross profit |
—
|
—
|
—
|
18
+2569.2%
|
1
+124.8%
|
-3
-67.2%
|
-2
-105.2%
|
31
|
—
|
0
+2906.8%
|
| Selling, general and administrative |
10
-16.3%
|
11
+7.0%
|
11
+165.4%
|
4
+3.5%
|
4
+56.2%
|
2
-51.4%
|
5
-17.2%
|
6
+548.2%
|
-1
-813.7%
|
0
+70.1%
|
| Operating income |
-11
+20.5%
|
-14
+60.9%
|
-36
-86.7%
|
-19
+31.2%
|
-28
-72.3%
|
-16
+72.6%
|
-60
-421.5%
|
-11
+8.7%
|
-13
-1567.2%
|
-1
|
| Other income (expense) |
-7
-274.6%
|
-2
|
—
|
0
+234.0%
|
-0
|
—
|
—
|
—
|
—
|
—
|
| Pretax income |
-18
-4257.7%
|
-0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Income tax |
0
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Net income |
55
+241.3%
|
-39
-1.8%
|
-39
-2565.0%
|
-1
+95.6%
|
-33
-216.9%
|
-10
+85.5%
|
-71
-455.9%
|
-13
-1.3%
|
-13
-1857.3%
|
-1
-44.8%
|
| Diluted EPS |
0.63
+223.5%
|
-0.51
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Weighted average shares, basic |
—
|
—
|
75
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Weighted average shares, diluted |
87
+13.0%
|
77
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Other measures | ||||||||||
| Depreciation and amortization |
0
-0.3%
|
0
-94.7%
|
2
+7.7%
|
2
+9.0%
|
2
-13.9%
|
2
+150.1%
|
-5
-286.4%
|
2
+218.2%
|
-2
-5511.3%
|
0
+27.6%
|
| EBITDA |
-11
+20.6%
|
-14
+58.6%
|
-34
-96.5%
|
-17
+34.2%
|
-26
-86.3%
|
-14
+78.1%
|
-65
-614.3%
|
-9
+38.4%
|
-15
-1947.6%
|
-1
|
| Interest coverage |
—
|
-1.77x
|
-18.30x
|
-13.66x
|
-6.81x
|
-4.86x
|
-20.61x
|
—
|
-22.52x
|
—
|
| Margins | ||||||||||
| Gross margin |
—
|
—
|
—
|
45.06%
|
8.59%
|
-253.83%
|
-6.57%
|
98.98%
|
—
|
45.06%
|
| Operating margin |
—
|
-41,734.72%
|
-307.69%
|
-49.37%
|
-365.34%
|
-1,552.09%
|
-244.93%
|
-36.47%
|
-60.45%
|
-512.56%
|
| Pretax margin |
—
|
-1,201.26%
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Profit margin |
—
|
-115,068.89%
|
-325.90%
|
-3.66%
|
-419.12%
|
-967.81%
|
-289.73%
|
-40.47%
|
-60.48%
|
-436.83%
|
| EBITDA margin |
—
|
-41,372.95%
|
-288.04%
|
-43.90%
|
-339.81%
|
-1,335.17%
|
-263.68%
|
-28.66%
|
-70.45%
|
-486.42%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
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
Source: SEC EDGAR filings. This is company-reported data, not investment advice.