Q4 FY2025 · ended Dec 31, 2025 · Revenue $-45,349, +84.9% YoY · Filed May 20, 2026
American Resources Corporation (AREC) files with the SEC under industry code 1220, Silver Ores. In Q4 of fiscal 2025, the quarter ended Dec 31, 2025, it reported revenue of $45,349 and net income of $78.4 million. As of Dec 31, 2025 it held $72.2 million in cash and investments and $2.7 million in total debt.
Revenue
$-45,349
+84.9% vs year-ago quarter
Net income
$78.40M
+850.4% vs year-ago quarter
Operating cash flow
$-9.42M
-117.4% vs year-ago quarter
Free cash flow
$-4.59M
+4.8% vs prior quarter
EPS
$0.77
+1632.2% vs prior quarter
Dividend per share
None
Shares outstanding
106.97M
+32.9% vs year-ago quarter
Net cash
$69.43M
Q4 FY2025
Operating margin
-10633.6%
Q4 FY2025
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; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q1 FY2025 Mar 31, 2025 |
Q4 FY2024 Dec 31, 2024 |
Q3 FY2024 Sep 30, 2024 |
|---|---|---|---|---|---|
| Revenue | -$45,349 | $165 | $31,927 | -$299,487 | $235,443 |
| Operating income | $4.8M | -$4.4M | -$5.0M | $9.8M | -$8.8M |
| Net income | $78.4M | -$7.7M | -$6.7M | -$10.4M | -$10.6M |
| Diluted EPS | $0.77 | -$0.05 | -$0.08 | — | — |
| Operating cash flow | — | -$9.4M | -$1.4M | -$3.7M | -$4.3M |
| Free cash flow | — | — | — | -$4.6M | -$4.8M |
| Total assets | $168.9M | $202.4M | $203.6M | $281.7M | $211.6M |
| Total liabilities | $75.7M | $297.4M | $289.3M | $362.6M | $266.0M |
| Stockholders' equity | $94.8M | -$80.7M | -$84.1M | -$79.4M | -$51.8M |
| Cash and investments | $72.2M | $2.1M | $24,623 | $788,813 | $991,656 |
| Total debt | $2.7M | $24.7M | $23.0M | $22.7M | $1.6M |
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.