American Res Corp Financials
This page shows American Res Corp (AREC) financial statements, including the 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).
External financing, not operating cash, is carrying a rapid asset buildout while reported sales have shrunk to $383K .
Between FY2022 and FY2024, total assets climbed from$55.9M to$205.9M while total liabilities rose from$75.9M to$286.9M and cash fell from$11.0M to$604K . Because FY2024 also shows$145.7M of financing inflow and-$125.4M of investing outflow, the expansion looks externally funded and quickly redeployed, not like growth that left a liquidity buffer.
Short-term liquidity worsened even as the balance sheet got larger: current assets were only
Operating cash burn stayed heavy at
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of American Res Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
American Res Corp's revenue declined 100% year-over-year, from $34K to $0. This contraction results in a growth score of 0/100.
American Res Corp carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
American Res Corp's current ratio of 2.19 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.
American Res Corp earns a strong 58.4% return on equity (ROE), meaning it generates $58 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
American Res Corp passes 3 of 9 financial strength tests. 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 Res Corp generates $-0.19 in operating cash flow (-$10.4M OCF vs $55.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
American Res Corp generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
American Res Corp's EBITDA was -$11.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.4% from the prior year.
American Res Corp reported $55.4M in net income in fiscal year 2025. This represents an increase of 241.3% from the prior year.
American Res Corp earned $0.63 per diluted share (EPS) in fiscal year 2025. This represents an increase of 223.5% from the prior year.
Cash & Balance Sheet
American Res Corp held $31.7M in cash against $965K in long-term debt as of fiscal year 2025.
American Res Corp had 107M shares outstanding in fiscal year 2025. This represents an increase of 37.1% from the prior year.
Margins & Returns
American Res Corp's ROE was 58.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
AREC Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $165 | N/A | $32K | N/A | $235K+5649.5% | $4K-95.6% | $94K |
| Cost of Revenue | N/A | $68K | N/A | $182K | N/A | $438K | N/A | $976K |
| Gross Profit | N/A | -$68K | N/A | -$150K | N/A | -$202K | N/A | -$882K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $2.5M | N/A | $3.2M | N/A | $6.3M+116.5% | $2.9M-22.4% | $3.7M |
| Operating Income | N/A | -$4.4M | N/A | -$5.0M | N/A | -$8.8M-41.7% | -$6.2M+7.4% | -$6.7M |
| Interest Expense | N/A | $2.0M | N/A | $1.8M | N/A | $2.0M+369.9% | $418K-36.8% | $663K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$7.7M+11.1% | -$8.7M-30.1% | -$6.7M | N/A | -$10.6M-51.9% | -$7.0M+0.3% | -$7.0M |
| EPS (Diluted) | N/A | $-0.05 | N/A | $-0.08 | N/A | $-0.14 | N/A | $-0.09 |
AREC Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $168.9M-16.5% | $202.4M | N/A | $203.6M-27.7% | $281.7M+33.1% | $211.6M+8.2% | $195.5M-9.5% | $216.1M |
| Current Assets | $134.3M+1499.2% | $8.4M | N/A | $8.6M-90.7% | $92.9M+1525.6% | $5.7M+28.4% | $4.5M-7.7% | $4.8M |
| Cash & Equivalents | $31.7M+1422.8% | $2.1M | N/A | $25K-87.8% | $201K-76.0% | $840K+51.6% | $554K-88.3% | $4.8M |
| Inventory | N/A | $1.1M | N/A | $1.1M+12.3% | $960K-52.7% | $2.0M0.0% | $2.0M+1461.5% | $130K |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $75.7M-74.5% | $297.4M | N/A | $289.3M-20.2% | $362.6M+36.3% | $266.0M+10.3% | $241.1M+2.2% | $235.9M |
| Current Liabilities | $61.2M-27.8% | $84.8M | N/A | $86.0M-48.3% | $166.4M+576.2% | $24.6M+27.7% | $19.3M+20.7% | $16.0M |
| Long-Term Debt | $965K0.0% | $965K | N/A | N/A | $0 | N/A | N/A | N/A |
| Total Equity | $94.8M+217.5% | -$80.7M+11.7% | -$91.3M-8.6% | -$84.1M-6.0% | -$79.4M-53.1% | -$51.8M-17.6% | -$44.1M+15.6% | -$52.2M |
| Retained Earnings | -$210.4M+23.8% | -$276.1M | N/A | -$272.6M-2.6% | -$265.8M-13.3% | -$234.6M-3.8% | -$226.1M-22.3% | -$184.9M |
AREC Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$995K | N/A | N/A | -$1.4M+61.2% | -$3.7M+14.7% | -$4.3M+48.8% | -$8.5M-78.2% | -$4.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $893K+285.0% | -$483K | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$4.6M+4.8% | -$4.8M | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $151.6M+2962.7% | -$5.3M+95.6% | -$119.9M-183.5% | $143.6M+199.8% | -$143.8M |
| Financing Cash Flow | N/A | N/A | N/A | $77K-87.5% | $614K+148.2% | -$1.3M+32.8% | -$1.9M-101.3% | $148.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AREC Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| 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%+148372.4pp | -152122.5%-144964.2pp | -7158.3% |
| Net Margin | N/A | -4667098.8% | N/A | -20847.7% | N/A | -4513.4%+166359.7pp | -170873.1%-163405.3pp | -7467.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -3.8% | N/A | -3.3% | N/A | -5.0%-1.4pp | -3.6%-0.3pp | -3.3% |
| Current Ratio | 2.19+2.1 | 0.10 | N/A | 0.10-0.5 | 0.56+0.3 | 0.230.0 | 0.23-0.1 | 0.30 |
| Debt-to-Equity | 0.01+0.0 | -0.01 | N/A | -3.44-3.4 | 0.00+5.1 | -5.13+0.3 | -5.47-1.0 | -4.52 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | -2045.0% | N/A | N/A |
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Frequently Asked Questions
What is American Res Corp's annual revenue?
American Res 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 Res Corp's revenue growing?
American Res Corp (AREC) revenue declined by 100% year-over-year, from $34K to $0 in fiscal year 2025.
Is American Res Corp profitable?
Yes, American Res Corp (AREC) reported a net income of $55.4M in fiscal year 2025.
What is American Res Corp's EBITDA?
American Res Corp (AREC) had EBITDA of -$11.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does American Res Corp have?
As of fiscal year 2025, American Res Corp (AREC) had $31.7M in cash and equivalents against $965K in long-term debt.
What is American Res Corp's return on equity (ROE)?
American Res 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 Res Corp's operating cash flow?
American Res Corp (AREC) generated -$10.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are American Res Corp's total assets?
American Res Corp (AREC) had $168.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is American Res Corp's current ratio?
American Res Corp (AREC) had a current ratio of 2.19 as of fiscal year 2025, which is generally considered healthy.
What is American Res Corp's debt-to-equity ratio?
American Res 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 Res Corp's return on assets (ROA)?
American Res 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 Res Corp's cash runway?
Based on fiscal year 2025 data, American Res Corp (AREC) had $31.7M in cash against an annual operating cash burn of $10.4M. This gives an estimated cash runway of approximately 37 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is American Res Corp's Piotroski F-Score?
American Res Corp (AREC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. 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 Res Corp's earnings high quality?
American Res Corp (AREC) has an earnings quality ratio of -0.19x, considered low quality (accrual-driven). 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.
How financially healthy is American Res Corp?
American Res Corp (AREC) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.