AREC · XBRL financial data

American Resources financial statements, every quarter

The same tables from 15 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (AREC's year ends in late December)

In thousands of dollars	Q4 FY22Dec 31, 2022	Q1 FY23Mar 31, 2023	Q2 FY23Jun 30, 2023	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025
Revenue	4,685*	8,868	1,981	5,829	66*	94	4	235	50*	32	0	(45)*
Cost of revenue	year only	—	—	—	—	—	—	—	—	—	—	—
Cost of goods and services sold	—	—	—	—	—	976	—	438	—	182	68	—
General and administrative	1,362*	1,321	1,135	1,299	3,258*	2,062	2,888	3,937	13,087*	3,208	2,536	(491)*
Total operating expenses	15,934*	11,504	9,011	4,737	2,915*	6,358	6,234	8,494	12,626*	5,015	4,384	(4,868)*
Other operating income (expense)	year only	93	260	150	(80)*	252	60	(32)	—	—	—	—
Operating income (loss)	(11,250)*	(2,635)	(7,031)	1,092	(2,849)*	(6,264)	(6,229)	(8,258)	(12,576)*	(4,983)	(4,384)	4,822*
Interest expense	457*	576	168	300	293*	249	418	774	5,912*	1,752	1,980	—
Other income (expense)	17,847*	93	260	150	(536)*	38	(371)	(964)	2,476*	87	—	(329)*
Income tax expense (benefit)	—	—	—	—	—	—	—	—	year only	—	—	year only
Net income (loss)	9,021*	(2,863)	(1,000)	3,484	11,312*	6,226	(6,601)	(9,222)	(10,496)*	(6,656)	(7,701)	78,404*
Earnings per share, diluted USD per share	—	—	—	—	—	(0.09)	—	(0.14)	—	(0.08)	(0.05)	—
Weighted average shares, diluted thousands of shares	—	—	—	—	—	76,374	—	77,400	—	78,953	84,305	—

Balance sheet

CSV

Fiscal quarters (AREC's year ends in late December)

In thousands of dollars	Q4 FY22Dec 31, 2022	Q1 FY23Mar 31, 2023	Q2 FY23Jun 30, 2023	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025
Cash and cash equivalents	10,991	2,420	51,533	44,713	1,319	179,812	554	840	604	25	2,082	31,702
Short-term investments	0	—	—	—	30,297	—	—	151	587	0	0	40,470
Accounts receivable	661	—	—	4,391	0	—	—	—	—	—	—	—
Inventory	447	2,960	711	2,167	54	130	2,030	2,030	960	1,078	1,078	—
Prepaid and other current assets	787	—	—	—	1,868	2,522	1,866	1,866	1,146	1,127	1,165	2,635
Total current assets	10,763	5,749	6,388	12,352	34,885	4,820	4,450	5,715	11,325	8,631	8,396	134,265
Property and equipment, net	9,114	9,303	9,027	11,688	15,337	11,202	42,357	17,490	18,296	17,322	16,717	143
Right-of-use asset	13,034	613	592	564	545	530	—	735	712	687	640	459
Total assets	55,916	49,497	100,079	102,920	91,746	216,094	195,519	211,601	205,872	203,616	202,357	168,908
Accounts payable	4,916	—	—	4,331	4,431	—	—	—	9,014	8,960	4,756	—
Accrued liabilities	107	111	143	143	513	146	496	515	607	549	392	391
Current portion of long-term debt	1,918	840	—	—	2,140	—	805	805	2,077	2,077	1,503	—
Total current liabilities	27,437	21,844	16,205	16,207	18,071	15,959	19,268	24,607	84,803	85,970	84,785	61,210
Long-term debt	—	—	—	—	—	—	—	—	0	—	965	965
Lease liability, non-current	548	6,697	8,871	7,773	496	480	612	704	677	652	598	453
Total liabilities	55,632	42,149	89,344	88,224	91,522	235,895	241,135	265,986	286,924	289,261	297,419	75,719
Accumulated deficit	(167,239)	(170,340)	(167,329)	(163,845)	(178,694)	(184,920)	(226,097)	(234,600)	(265,905)	(272,558)	(276,098)	(210,359)
Total stockholders' equity	285	7,348	10,735	14,696	224	—	(44,077)	(51,830)	(79,490)	(84,080)	(80,675)	94,777
Total liabilities and equity	55,916	49,497	100,079	102,920	91,746	216,094	195,519	212,601	205,872	203,616	202,357	168,908
Common shares outstanding (cover page) thousands of shares	78,213	78,213	78,213	78,268	79,180	77,393	77,422	77,421	80,513	82,275	84,609	106,971

Cash flows

CSV

Fiscal quarters (AREC's year ends in late December)

In thousands of dollars	Q4 FY22Dec 31, 2022	Q1 FY23Mar 31, 2023	Q2 FY23Jun 30, 2023	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025
Net income (loss)	9,021*	(2,863)	(1,000)	3,484	11,312*	6,226	(6,601)	(9,222)	(10,496)*	(6,656)	(7,701)	78,404*
Stock-based compensation	—	377	—	377	3,013*	560	—	—	877*	519	—	7,408*
Depreciation and amortization	—	13	—	—	—	32	—	—	—	—	—	—
Net cash from operating activities	17,957*	(7,343)	1,441*	(3,126)*	(5,487)*	(8,131)	(5,086)*	(3,099)*	(4,926)*	(1,435)	—	—
Purchases of property and equipment	—	509	(509)*	3,535*	82*	—	—	(483)*	893*	—	—	—
Net cash from investing activities	(11,118)*	967	206*	(3,407)*	(26,600)*	3,797	(4,046)*	2,007*	(127,158)*	151,648	—	—
Proceeds from issuing common stock	—	—	—	—	—	—	—	—	year only	—	—	year only
Proceeds from issuing equity	year only	—	—	—	—	—	—	—	—	—	—	—
Proceeds from long-term debt	year only	—	—	—	—	—	—	—	—	45,000	—	—
Repayments of long-term debt	611*	—	—	14*	(0)*	—	—	0*	—	—	—	—
Net cash from financing activities	(704)*	(2,195)	47,466*	(287)*	(7,597)*	146,815	(476)*	(1,003)*	343*	77	—	—
Net change in cash	year only	(8,571)	49,113*	—	—	—	—	—	—	—	—	—

Compare with peers

SIC 1220 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.

How peers are chosen

SIC 1220 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Fewer than three companies fall in that range, so the list adds same-SIC (1220) companies nearest in public float, each marked “added: same SIC”.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
American Resources	31,702	(45)*	not reported	107.0M	—	Q4 FY25 10-KDec 31, 2025
Coronado Global Resources	97,686	514,129	(25,951)*	167.6M	3.8 quarters	Q2 FY25 10-QJun 30, 2026
Nacco Industries	45,523	72,310	8,299*	not reported	—	Q2 FY26 10-QJun 30, 2026
Ramaco Resourcesadded: same SIC	232,954	150,089	(11,972)*	not reported	20.3 quarters	Q3 FY26 10-QSep 30, 2026
Warrior Met Coaladded: same SIC	302,346	not reported	132,277*	52.8M	—	Q2 FY26 10-QJun 30, 2026
Core Natural Resourcesadded: same SIC	473,204	1,141,014	250,447*	49.6M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.