Ramaco Resources, Inc.
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 | $536.6M | $666.3M | $693.5M | $565.7M | $283.4M |
| Cost of revenue | $453.4M | $533.3M | $493.8M | $333.0M | $195.4M |
| Selling, general & administrative | $69.4M | $49.3M | $48.8M | $40.0M | $21.6M |
| Operating income | -$56.0M | $16.6M | $95.2M | $150.4M | $39.5M |
| Interest expense | $7.8M | $6.1M | $8.9M | — | $2.6M |
| Pretax income | -$62.1M | $14.9M | $104.7M | $146.2M | $44.4M |
| Income tax expense | -$10.7M | $3.7M | $22.4M | $30.2M | $4.6M |
| Net income | -$51.4M | $11.2M | $82.3M | $116.0M | $39.8M |
| Balance Sheet | |||||
| Cash and equivalents | $440.3M | $33.0M | $42.0M | $35.6M | $21.9M |
| Current assets | $597.6M | $167.6M | $189.7M | $147.5M | $86.8M |
| Total assets | $1.1B | $674.7M | $665.8M | $596.3M | $329.0M |
| Current liabilities | $109.5M | $122.4M | $170.0M | $162.8M | $46.7M |
| Total liabilities | $657.0M | $311.9M | $296.2M | $287.1M | $118.0M |
| Total debt | $451.4M | $88.6M | $90.2M | $127.2M | $43.4M |
| Stockholders' equity | $483.6M | $362.8M | $369.6M | $309.2M | $211.1M |
| Cash Flow Statement | |||||
| Cash from operations | $2.0M | $112.7M | $161.0M | $187.9M | $53.3M |
| Depreciation and amortization | $68.2M | $65.6M | $54.3M | $41.2M | $26.2M |
| Stock-based compensation | $17.6M | $17.5M | $12.9M | $8.2M | $5.3M |
| Capital expenditure | $13.3M | $12.4M | $82.9M | $123.0M | $29.5M |
| Free cash flow | -$11.3M | $100.2M | $78.1M | $64.9M | $23.9M |
| Dividends paid | $4.3M | $24.6M | $25.8M | $20.0M | $20.0M |
Shares outstanding 65.2M · Free float 25.1%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.