1.Sales and profit
See section β- American Resources Corp had $0.0M of revenue in fiscal 2025, down 100.0% on the year before.
- American Resources Corp made $55.4M of net profit in fiscal 2025.
AREC Nasdaq Silver Ores Financials FY2016βFY2025
American Resources Corp had $0.0M of revenue in fiscal 2025, down 100.0% on the year before.
Last close Β· Oct 23, 2026
$1.14
2.7%Hi! I read American Resources Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β100.0%
No. Sales fell 100.0% last year.
Does it make a profit?
$55.4M
Yes. It made $55.4M of profit last year.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
1.8x
One share costs 1.8 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days American Resources Corp did it, and the next one. Share prices often move a lot on those days.
Next results
November 13, 2026
Friday Β· in 19 days
| Date | Results for | Time | Source |
|---|---|---|---|
| May 20, 2026 | Q4 '25 | Time not announced | 10-K β |
| Nov 14, 2025 | Q3 '25 | After the market closes | 10-Q β |
| Aug 19, 2025 | Q2 '25 | Before the market opens | 10-Q β |
| May 28, 2025 | Q1 '25 | After the market closes | 10-Q β |
| May 19, 2025 | Q4 '24 | Before the market opens | 10-K β |
| Nov 14, 2024 | Q3 '24 | After the market closes | 8-K β |
| Aug 19, 2024 | Q2 '24 | After the market closes | 8-K β |
| May 20, 2024 | Q1 '24 | Time not announced | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· American Resources Corp had $0.0M of revenue in fiscal 2025, down 100.0% on the year before.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· American Resources Corp made $55.4M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· American Resources Corp has $71.2M more cash than debt.
Cash, debt and the ratios that show how comfortably American Resources Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $12.6M | $11.0M | $2.7M | $0.8M | $72.2M |
| Debt incl. finance leases | $6.0M | $7.6M | $7.8M | $2.1M | $1.0M |
| Debt / equity | β | β | β | β | 0.0x |
| Interest coverage | β6.8x | β13.7x | β18.3x | β1.8x | β |
| Current ratio | 0.9x | 0.5x | 0.5x | 0.6x | 2.2x |
| Quick ratio | 0.9x | 0.4x | 0.5x | 0.6x | 2.2x |
| Total assets | $42.9M | $55.9M | $64.7M | $282M | $169M |
| Total liabilities | $45.1M | $55.6M | $110M | $363M | $75.7M |
| Shareholders' equity | β$2.3M | β$19.9M | β$43.5M | β$79.4M | $94.8M |
| Net debt (β = net cash) | β$6.6M | β$3.4M | $5.1M | $1.3M | β$71.2M |
KIRA Β· Its return on capital was β37.9%: every 100 invested in the business earned about β38 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· American Resources Corp passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 1 | 4 / 9 | 4 / 9 | 2 / 9 | 2 / 9 | 5 / 9 | 6 / 8 | 3 / 7 | 4 / 8 | 4 / 8 |
| Accruals ratio | β | β38.0% | β32.6% | β135.0% | 9.8% | β8.4% | β8.1% | β31.5% | β10.4% | 29.2% |
| Altman Z'' | β12.22 | β26.92 | β9.68 | β31.12 | β16.21 | β17.29 | β14.19 | β19.64 | β5.36 | β0.36 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $0.1M | $20.8M | $31.5M | $24.5M | $1.1M | $7.8M | $39.5M | $11.8M | $0.0M | $0.0M |
| Gross profit | $0.1M | $19.2M | $6.5M | β$1.6M | β$2.7M | $0.7M | $17.8M | β | β | β |
| Operating income | β$0.8M | β$12.6M | β$11.5M | β$60.0M | β$16.4M | β$28.3M | β$19.5M | β$36.4M | β$14.2M | β$11.3M |
| Interest expense | β | $0.6M | β$1.3M | $2.9M | $3.4M | $4.2M | $1.4M | $2.0M | $8.0M | β |
| Pretax income | β | β | β | β | β | β | β | β$0.6M | β$16.0M | β$17.8M |
| Income tax | β | β | β | β | β | β | β | β | $0.0M | $0.0M |
| Net income | β$0.6M | β$12.6M | β$12.8M | β$70.9M | β$10.3M | β$32.5M | β$1.4M | β$38.5M | β$39.2M | $55.4M |
| Diluted EPS | β$0.03 | β$16.39 | β$3.69 | β$2.94 | β$0.35 | β$0.59 | β | β$0.51 | β$0.51 | $0.63 |
| Diluted shares | 0.03B | 0.00B | 0.00B | 0.02B | 0.03B | 0.06B | β | 0.08B | 0.08B | 0.09B |
| Cash flow | ||||||||||
| Cash from operations | β | β$5.6M | β$3.4M | β$19.2M | β$13.8M | β$29.1M | $2.5M | β$19.5M | β$21.2M | β$10.4M |
| Capital expenditure | β | $0.2M | $0.1M | $0.3M | β | β | β | $3.6M | $1.1M | β |
| Free cash flow | β | β$5.8M | β$3.5M | β$19.5M | β | β | β | β$23.1M | β$22.3M | β |
| Depreciation and amortization | $0.0M | β$2.1M | $2.5M | $4.6M | $1.9M | $2.0M | $2.2M | $2.3M | $0.1M | $0.1M |
| Stock-based compensation | $0.1M | $0.1M | $0.8M | $0.4M | β | β | $1.0M | $3.8M | $3.7M | $9.2M |
| Acquisitions | β | $0.0M | β | β | β | β | β | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.9M | $0.4M | $2.7M | $0.3M | $11.2M | $12.6M | $11.0M | $2.7M | $0.8M | $72.2M |
| Total debt | $4.4M | $5.1M | $7.9M | $0.0M | $14.3M | $5.3M | $3.8M | $2.9M | $2.1M | $1.0M |
| Finance lease liabilities | β | β | β | β | β | $0.7M | $3.8M | $4.8M | β | β |
| Current assets | $3.7M | $2.7M | $4.3M | $3.2M | $11.2M | $15.3M | $12.8M | $37.8M | $92.9M | $134M |
| Current liabilities | $25.2M | $35.4M | $26.4M | $45.0M | $20.9M | $16.5M | $27.4M | $78.3M | $166M | $61.2M |
| Inventory | $0.0M | $0.6M | $0.2M | $0.5M | $0.2M | $0.0M | $0.4M | $0.1M | $1.0M | β |
| Property and equipment, net | $12.1M | $9.1M | $32.6M | $27.7M | $22.5M | $22.9M | $9.1M | $20.7M | $0.2M | $0.1M |
| Total assets | $20.3M | $16.3M | $41.4M | $35.2M | $38.4M | $42.9M | $55.9M | $64.7M | $282M | $169M |
| Total liabilities | $47.8M | $53.5M | $50.6M | $67.9M | $58.4M | $45.1M | $55.6M | $110M | $363M | $75.7M |
| Preferred stock | β | β | β | β | $0.0M | β | β | β | β | β |
| Shareholders' equity | β$26.0M | β$37.2M | β$9.2M | β$32.7M | β$20.0M | β$2.3M | β$19.9M | β$43.5M | β$79.4M | $94.8M |
| Margins | ||||||||||
| Gross margin | 45.1% | 92.4% | 20.7% | β6.6% | β253.8% | 8.6% | 45.1% | β | β | β |
| Operating margin | β512.5% | β60.4% | β36.5% | β244.9% | β1,552.1% | β365.3% | β49.4% | β307.7% | β41,697.9% | β |
| EBITDA margin | β486.4% | β70.5% | β28.7% | β226.2% | β1,377.0% | β339.8% | β43.9% | β288.0% | β41,336.4% | β |
| Net margin | β436.8% | β60.5% | β40.5% | β289.7% | β967.8% | β419.1% | β3.7% | β325.9% | β114,967.7% | β |
| FCF margin | β | β27.9% | β11.1% | β79.8% | β | β | β | β195.7% | β65,402.6% | β |
| Returns | ||||||||||
| Return on capital | β | β | β | β | β | β | β | β | β | β37.9% |
| Return on capital employed | 15.3% | 65.8% | β77.0% | 613.2% | β94.1% | β107.6% | β68.4% | 268.5% | β12.3% | β10.5% |
| Return on equity | β | β | β | β | β | β | β | β | β | 718.3% |
| Return on assets | β3.2% | β68.9% | β44.3% | β185.2% | β27.9% | β80.0% | β2.9% | β63.9% | β22.6% | 24.6% |
| Return on tangible equity | β | β | β | β | β | β | β | β | β | 58.4% |
| Growth | ||||||||||
| Revenue growth | β | 14,035.1% | 51.4% | β22.4% | β95.7% | 631.8% | 409.0% | β70.1% | β99.7% | β100.0% |
| Share count change | β | β96.8% | 343.4% | 585.8% | 21.9% | 88.1% | β | β | 2.8% | 13.0% |
| Financial health | ||||||||||
| Debt / equity | β | β | β | β | β | β | β | β | β | 0.0x |
| Interest coverage | β | β22.5x | β | β20.6x | β4.9x | β6.8x | β13.7x | β18.3x | β1.8x | β |
| Current ratio | 0.1x | 0.1x | 0.2x | 0.1x | 0.5x | 0.9x | 0.5x | 0.5x | 0.6x | 2.2x |
| Quick ratio | 0.1x | 0.1x | 0.2x | 0.1x | 0.5x | 0.9x | 0.4x | 0.5x | 0.6x | 2.2x |
| Capital allocation | ||||||||||
| Capex / revenue | β | 0.8% | 0.4% | 1.3% | β | β | β | 30.6% | 3,105.9% | β |
| Stock comp / revenue | 36.1% | 0.2% | 2.5% | 1.5% | β | β | 2.5% | 31.9% | 10,925.2% | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 4.0 | 2.0 | 2.0 | 5.0 | 6.0 | 3.0 | 4.0 | 4.0 |
| Altman Z'' | β12.2 | β26.9 | β9.7 | β31.1 | β16.2 | β17.3 | β14.2 | β19.6 | β5.4 | β0.4 |
| Accruals ratio | β | β38.0% | β32.6% | β135.0% | 9.8% | β8.4% | β8.1% | β31.5% | β10.4% | 29.2% |
Source: SEC EDGAR XBRL filings (CIK 0001590715). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.