A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2025, filed May 20, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AREC SEC filings page.
AMERICAN RESOURCES CORP (AREC) reported $0 in revenue for fiscal year 2025, down 100.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The latest valid year shows a business funded mainly outside operations, with minimal revenue, continuing cash outflows, and liabilities exceeding assets.
Revenue collapsed from$11.8M in FY2023 to$34K in FY2024, while operating cash outflow remained$21.2M versus$19.5M . That disconnect indicates the company’s cash requirements did not shrink with reported activity, leaving earnings quality and operating scale misaligned.
External financing expanded the reported balance sheet: assets reached
Short-term liquidity remained tight, with a current ratio of 0.6x in FY2024, while the company recorded a net loss of
Financial Health Signals
AMERICAN RESOURCES CORP does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
AMERICAN RESOURCES CORP scores 0.00, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($181.9M) relative to total liabilities ($75.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
AMERICAN RESOURCES CORP passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, AMERICAN RESOURCES CORP used $0.19 of operating cash (-$10.4M OCF vs $55.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
AMERICAN RESOURCES CORP earned $0.75 per diluted share (EPS) in Q4 2025. This represents an increase of 568.8% from the same quarter a year earlier. Against the prior quarter it is up 1600.0%.
Not reported for Q4 2025.
Not reported for Q4 2025.
Not reported for Q4 2025.
Cash & Balance Sheet
AMERICAN RESOURCES CORP held $31.7M in cash against $965K in long-term debt as of Q4 2025, with $61.2M of liabilities due within a year.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
AREC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q/A | Q2'2510-Q/A | Q1'2510-Q/A | Q4'2410-K | Q3'2410-Q/A | Q2'2410-Q | Q1'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $165-99.9% | N/A | $32K-66.0% | N/A | $235K-96.0% | $4K-99.8% | $94K-98.9% |
| Cost of Revenue | N/A | $68K-84.4% | N/A | $182K-81.4% | N/A | $438K | N/A | $976K |
| Gross Profit | N/A | -$68K+66.2% | N/A | -$150K+83.0% | N/A | -$202K | N/A | -$882K |
| SG&A Expenses | N/A | $2.5M-59.4% | N/A | $3.2M-13.8% | N/A | $6.3M+381.2% | $2.9M+154.6% | $3.7M+181.7% |
| Operating Income | N/A | -$4.4M+50.4% | N/A | -$5.0M+26.0% | N/A | -$8.8M-908.6% | -$6.2M+11.4% | -$6.7M-155.4% |
| EBITDA | N/A | -$3.4M+56.1% | N/A | -$4.4M+33.8% | N/A | -$7.8M-653.9% | -$5.4M+19.6% | -$6.7M-155.5% |
| Interest Expense | N/A | $2.0M+0.7% | N/A | $1.8M+164.5% | N/A | $2.0M+556.0% | $418K+149.4% | $663K+15.1% |
| Net Income | N/A | -$7.7M+27.5% | -$8.7M-23.8% | -$6.7M+5.2% | N/A | -$10.6M-332.6% | -$7.0M+17.4% | -$7.0M-145.3% |
| EPS (Diluted) | $0.75+568.8% | -$0.05 | N/A | -$0.08+11.1% | -$0.16 | -$0.14 | N/A | -$0.09 |
| Diluted Shares (Avg) | N/A | 84M | N/A | 79M+3.4% | N/A | 77M | N/A | 76M |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax, EPS (Basic).
AREC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q/A | Q2'2510-Q/A | Q1'2510-Q/A | Q4'2410-K | Q3'2410-Q/A | Q2'2410-Q | Q1'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $168.9M-40.0% | $202.4M-4.4% | N/A | $203.6M-5.8% | $281.7M+335.2% | $211.6M+105.6% | $195.5M+95.4% | $216.1M+336.6% |
| Current Assets | $134.3M+44.5% | $8.4M+46.9% | N/A | $8.6M+79.1% | $92.9M+145.7% | $5.7M-53.7% | $4.5M-30.3% | $4.8M-16.2% |
| Cash & Equivalents | $31.7M+15636.4% | $2.1M+147.7% | N/A | $25K-99.5% | $201K-84.7% | $840K-98.2% | $554K-98.9% | $4.8M+96.5% |
| Short-Term Investments | $40.5M+6790.2% | $0-100.0% | N/A | $0 | $587K-56.4% | $151K | $0 | $0 |
| Inventory | N/A | $1.1M-46.9% | N/A | $1.1M+729.5% | $960K+638.5% | $2.0M-6.3% | $2.0M+185.4% | $130K-95.6% |
| Long-Term Investments | $32.4M+1796.6% | $2.1M | N/A | $1.7M-59.8% | $1.7M-50.9% | $0-100.0% | $0 | $4.2M |
| Total Liabilities | $75.7M-79.1% | $297.4M+11.8% | N/A | $289.3M+22.6% | $362.6M+230.4% | $266.0M+201.5% | $241.1M+169.9% | $235.9M+459.7% |
| Current Liabilities | $61.2M-63.2% | $84.8M+244.6% | N/A | $86.0M+438.7% | $166.4M+112.6% | $24.6M+51.8% | $19.3M+18.9% | $16.0M-26.9% |
| Non-Current Liabilities | $14.5M-92.6% | $212.6M-11.9% | N/A | $203.3M-7.6% | $196.2M+523.6% | $241.4M+235.2% | $221.9M+203.4% | $219.9M+983.1% |
| Long-Term Debt | $965K | $965K | N/A | N/A | $0 | N/A | N/A | N/A |
| Total Equity | $94.8M+219.4% | -$80.7M-55.7% | -$91.3M-107.2% | -$84.1M-61.1% | -$79.4M-82.3% | -$51.8M-452.7% | -$44.1M-510.6% | -$52.2M-810.4% |
| Retained Earnings | -$210.4M+20.8% | -$276.1M-17.7% | N/A | -$272.6M-47.4% | -$265.8M-18.0% | -$234.6M-43.2% | -$226.1M-35.1% | -$184.9M-8.6% |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
AREC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q/A | Q2'2510-Q/A | Q1'2510-Q/A | Q4'2410-K | Q3'2410-Q/A | Q2'2410-Q | Q1'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$995K+73.1% | N/A | N/A | -$1.4M+69.8% | -$3.7M+73.0% | -$4.3M-672.5% | -$8.5M-1267.1% | -$4.8M+35.3% |
| Depreciation & Amortization | -$1.4M | $947K-5.6% | N/A | $551K+1594.5% | N/A | $1.0M+212.6% | $831K+159.6% | $32K+143.7% |
| Stock-Based Compensation | N/A | N/A | N/A | $519K-47.4% | N/A | N/A | $874K+18.0% | $986K+161.9% |
| Capital Expenditures | N/A | N/A | N/A | N/A | $893K+986.6% | -$483K-86.3% | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$4.6M+66.6% | -$4.8M-73.3% | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $151.6M+205.5% | -$5.3M+82.0% | -$119.9M-3418.3% | $143.6M+69646.6% | -$143.8M-14965.9% |
| Financing Cash Flow | N/A | N/A | N/A | $77K-99.9% | $614K+68.5% | -$1.3M-343.7% | -$1.9M-104.0% | $148.2M+6854.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
AREC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2510-K | Q3'2510-Q/A | Q2'2510-Q/A | Q1'2510-Q/A | Q4'2410-K | Q3'2410-Q/A | Q2'2410-Q | Q1'2410-Q/A |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | -41374.6% | N/A | -470.0% | N/A | -85.9% | N/A | -938.6% |
| Operating Margin | N/A | -2656743.0% | N/A | -15608.8% | N/A | -3750.1% | -152122.5% | -7158.3% |
| Net Margin | N/A | -4667098.8% | N/A | -20847.7% | N/A | -4513.4% | -170873.1% | -7467.8% |
| Return on Assets | N/A | -3.8%+1.2pp | N/A | -3.3%0.0pp | N/A | -5.0%-2.6pp | -3.6%+4.9pp | -3.3%+2.5pp |
| Current Ratio | 2.19+1.6x | 0.10-0.1x | N/A | 0.10-0.2x | 0.56+0.1x | 0.23-0.5x | 0.23-0.2x | 0.300.0x |
| Debt-to-Equity | 0.01 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | N/A | 0.000.0x | N/A | 0.000.0x | N/A | 0.00-0.1x | 0.000.0x | 0.00-0.2x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -2045.0% | N/A | N/A |
Not reported in any period shown, so not listed: Return on Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| AMERICAN RESOURCES CORP AREC | FY2025 | $0 | $55.4M | N/A | $181.9M | — |
| Ramaco Resources, Inc. METCB | FY2025 | $536.6M | -$51.4M | -9.6% | $281.5M | 44/100 |
| Ramaco Resources, Inc. METC | FY2025 | $536.6M | -$51.4M | -9.6% | $509.1M | 44/100 |
| SUNCOKE ENERGY INC SXC | FY2025 | $1.8B | -$44.2M | -2.4% | $843.7M | 35/100 |
| Alpha Metallurgical Resources, Inc. AMR | FY2025 | $2.1B | -$61.7M | -2.9% | $2.2B | 59/100 |
| Warrior Met Coal, Inc. HCC | FY2025 | $1.3B | $57.0M | 4.3% | $4.9B | 51/100 |
Where AMERICAN RESOURCES CORP Ranks
Frequently Asked Questions
What is AMERICAN RESOURCES CORP's annual revenue?
AMERICAN RESOURCES CORP (AREC) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is AMERICAN RESOURCES CORP's revenue growing?
AMERICAN RESOURCES CORP (AREC) revenue declined by 100.0% year-over-year, from $34K to $0 in fiscal year 2025.
Is AMERICAN RESOURCES CORP profitable?
Yes, AMERICAN RESOURCES CORP (AREC) reported a net income of $55.4M in fiscal year 2025.
What is AMERICAN RESOURCES CORP's EBITDA?
AMERICAN RESOURCES CORP (AREC) had EBITDA of -$11.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does AMERICAN RESOURCES CORP have?
As of fiscal year 2025, AMERICAN RESOURCES CORP (AREC) had $31.7M in cash and equivalents against $965K in long-term debt.
What is AMERICAN RESOURCES CORP's return on equity (ROE)?
AMERICAN RESOURCES CORP (AREC) has a return on equity of 58.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is AMERICAN RESOURCES CORP's operating cash flow?
AMERICAN RESOURCES CORP (AREC) recorded an outflow of $10.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are AMERICAN RESOURCES CORP's total assets?
AMERICAN RESOURCES CORP (AREC) had $168.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is AMERICAN RESOURCES CORP's current ratio?
AMERICAN RESOURCES CORP (AREC) had a current ratio of 2.19 as of fiscal year 2025, which is generally considered healthy.
What is AMERICAN RESOURCES CORP's debt-to-equity ratio?
AMERICAN RESOURCES CORP (AREC) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is AMERICAN RESOURCES CORP's return on assets (ROA)?
AMERICAN RESOURCES CORP (AREC) had a return on assets of 32.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is AMERICAN RESOURCES CORP's P/E ratio?
AMERICAN RESOURCES CORP (AREC) trades at 3.3x earnings, its market capitalization divided by net income of $55.4M net income, FY2025. The market capitalization is $181.9M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is AMERICAN RESOURCES CORP's price-to-sales ratio?
AMERICAN RESOURCES CORP (AREC) has no price-to-sales ratio at the moment: revenue is not positive (FY2025). The market capitalization is $181.9M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is AMERICAN RESOURCES CORP's Altman Z-Score?
AMERICAN RESOURCES CORP (AREC) has an Altman Z-Score of 0.00, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is AMERICAN RESOURCES CORP's Piotroski F-Score?
AMERICAN RESOURCES CORP (AREC) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are AMERICAN RESOURCES CORP's earnings high quality?
For every $1 of reported earnings, AMERICAN RESOURCES CORP (AREC) used $0.19 of operating cash (-$10.4M OCF vs $55.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.