American Resources Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $0 | $34,070 | $11.8M | $39.5M | $7.8M |
| Cost of revenue | — | — | — | $21.7M | $7.1M |
| Operating expenses | $11.3M | $14.3M | $48.2M | $59.0M | $36.1M |
| Operating income | -$11.3M | -$14.2M | -$36.4M | -$19.5M | -$28.3M |
| Interest expense | — | $8.0M | $2.0M | $1.4M | $4.2M |
| Pretax income | -$17.8M | -$409,268 | -$562,696 | — | — |
| Income tax expense | $0 | $0 | — | — | — |
| Net income | $55.4M | -$39.2M | -$38.5M | -$1.4M | -$32.5M |
| Balance Sheet | |||||
| Cash and equivalents | $31.7M | $201,456 | $1.3M | — | $12.6M |
| Current assets | $134.3M | $92.9M | $37.8M | $12.8M | $15.3M |
| Total assets | $168.9M | $281.7M | $64.7M | $55.9M | $42.9M |
| Current liabilities | $61.2M | $166.4M | $78.3M | $27.4M | $16.5M |
| Total liabilities | $75.7M | $362.6M | $109.7M | $55.6M | $45.1M |
| Total debt | $965,286 | $0 | — | — | — |
| Stockholders' equity | $94.8M | -$79.4M | -$43.5M | -$19.9M | -$2.3M |
| Cash Flow Statement | |||||
| Cash from operations | -$10.4M | -$21.2M | -$19.5M | $2.5M | -$29.1M |
| Depreciation and amortization | $122,916 | $123,253 | $2.3M | $2.2M | $2.0M |
| Stock-based compensation | $9.2M | $3.7M | $3.8M | $985,536 | — |
| Capital expenditure | — | $1.1M | $3.6M | — | — |
| Free cash flow | — | -$22.3M | -$23.1M | — | — |
Shares outstanding 84.6M · Free float 73.0%
Annual filing data through FY ended December 31, 2025; float as of July 4, 2026.