American Res Corp Financials
American Res 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).
External financing and investment activity dominate the reported business while operating revenue nearly disappears.
In FY2024, operating cash flow was-$21.2M even as financing cash flow supplied$145.7M , indicating that balance-sheet activity depended on external funding rather than internal cash generation. Investing cash flow used$125.4M while FY2024 revenue was only$34K , so the larger asset base was not matched by a larger operating engine.
The current ratio improved only slightly from 0.5x in FY2023 to 0.6x in FY2024, leaving short-term liquidity structurally tight. Current liabilities of
Negative equity widened from
Financial Health Signals
American Res 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 Res Corp scores 0.83, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($286.7M) 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 Res 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 Res 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 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, with $61.2M of liabilities due within a year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
American Res Corp's ROE was 58.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0-100.0% | $34K-99.7% | $11.8M-70.1% | $39.5M+409.0% | $7.8M+631.8% | $1.1M-95.7% | $24.5M-22.4% | $31.5M+51.4% | $20.8M+14036.8% | $147K+135.9% | $62K | N/A |
| Cost of Revenue | N/A | N/A | N/A | $21.7M+205.9% | $7.1M+89.1% | $3.7M-85.6% | $26.1M+8035.8% | $321K-79.8% | $1.6M+1864.5% | $81K+34.4% | $60K | N/A |
| Gross Profit | N/A | N/A | N/A | $17.8M+2569.2% | $666K+124.8% | -$2.7M-67.2% | -$1.6M-105.2% | $31.2M+62.3% | $19.2M+28880.2% | $66K+2906.8% | $2K | N/A |
| SG&A Expenses | $9.6M-16.3% | $11.4M+7.0% | $10.7M+165.4% | $4.0M+3.5% | $3.9M+56.2% | $2.5M-51.4% | $5.1M-17.2% | $6.2M+548.2% | -$1.4M-480.0% | -$238K-309.3% | $114K+284.2% | $30K |
| Operating Income | -$11.3M+20.5% | -$14.2M+60.9% | -$36.4M-86.7% | -$19.5M+31.2% | -$28.3M-72.3% | -$16.4M+72.6% | -$60.0M-421.5% | -$11.5M+8.7% | -$12.6M+42.4% | -$21.9M-5335.8% | -$402K | N/A |
| Interest Expense | N/A | $8.0M+303.5% | $2.0M+39.4% | $1.4M-65.7% | $4.2M+23.0% | $3.4M+16.3% | $2.9M+325.6% | -$1.3M-330.7% | $559K+97.1% | $284K | N/A | N/A |
| Income Tax | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $55.4M+241.3% | -$39.2M-1.8% | -$38.5M-2565.0% | -$1.4M+95.6% | -$32.5M-216.9% | -$10.3M+85.5% | -$70.9M-455.9% | -$12.8M-1.3% | -$12.6M+43.0% | -$22.1M-4870.0% | -$444K-399.8% | -$89K |
| EPS (Diluted) | $0.63+223.5% | -$0.510.0% | -$0.51 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
AREC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $168.9M-40.0% | $281.7M+335.2% | $64.7M+15.8% | $55.9M+30.4% | $42.9M+11.6% | $38.4M+9.0% | $35.2M-14.8% | $41.4M+153.9% | $16.3M-19.6% | $20.3M+1693.7% | $1.1M+924.0% | $110K |
| Current Assets | $134.3M+44.5% | $92.9M+145.7% | $37.8M+196.1% | $12.8M-16.5% | $15.3M+36.4% | $11.2M+252.9% | $3.2M-25.4% | $4.3M+57.7% | $2.7M-27.7% | $3.7M+480.0% | $644K+483.8% | $110K |
| Cash & Equivalents | $31.7M+15636.4% | $201K-84.7% | $1.3M-88.0% | $11.0M-12.7% | $12.6M+12.4% | $11.2M+4066.9% | $269K-90.1% | $2.7M+601.3% | $386K-58.3% | $926K+952.1% | $88K+6.2% | $83K |
| Inventory | N/A | $960K+638.5% | $130K-70.9% | $447K | $0-100.0% | $151K-70.8% | $516K+214.8% | $164K-73.4% | $615K | $0-100.0% | $4K | N/A |
| Accounts Receivable | N/A | N/A | $0-100.0% | $661K-79.2% | $3.2M+8116.4% | $39K-98.4% | $2.4M+81.1% | $1.3M-28.4% | $1.9M-32.1% | $2.8M | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $361K | N/A |
| Total Liabilities | $75.7M-79.1% | $362.6M+230.4% | $109.7M+44.7% | $75.9M+68.1% | $45.1M-22.8% | $58.4M-14.0% | $67.9M+34.4% | $50.6M-5.4% | $53.5M+11.9% | $47.8M+70069.8% | $68K+2169.8% | $3K |
| Current Liabilities | $61.2M-63.2% | $166.4M+112.6% | $78.3M+185.3% | $27.4M+65.9% | $16.5M-21.0% | $20.9M-53.5% | $45.0M+70.3% | $26.4M-25.4% | $35.4M+40.5% | $25.2M+36921.0% | $68K+2169.8% | $3K |
| Long-Term Debt | $965K | $0 | N/A | N/A | N/A | $14.3M | $0-100.0% | $7.9M+55.8% | $5.1M | N/A | N/A | N/A |
| Total Equity | $94.8M+219.4% | -$79.4M-82.3% | -$43.5M-118.4% | -$19.9M-750.0% | -$2.3M+88.3% | -$20.0M+38.8% | -$32.7M-255.5% | -$9.2M+75.2% | -$37.2M-42.9% | -$26.0M-2549.0% | $1.1M+889.2% | $107K |
| Retained Earnings | -$210.4M+20.8% | -$265.8M-18.0% | -$225.3M-34.7% | -$167.2M-0.9% | -$165.8M-24.4% | -$133.3M-8.3% | -$123.0M-136.1% | -$52.1M-33.3% | -$39.1M-41.4% | -$27.7M-5284.9% | -$513K-477.4% | -$89K |
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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.4M+51.0% | -$21.2M-8.8% | -$19.5M-865.7% | $2.5M+108.8% | -$29.1M-110.1% | -$13.8M+27.9% | -$19.2M-470.7% | -$3.4M+40.4% | -$5.6M+3.0% | -$5.8M | N/A | -$82K |
| Capital Expenditures | N/A | $1.1M-70.7% | $3.6M | N/A | N/A | N/A | $327K+145.4% | $133K-23.1% | $173K+407.1% | $34K | N/A | N/A |
| Free Cash Flow | N/A | -$22.3M+3.6% | -$23.1M | N/A | N/A | N/A | -$19.5M-458.3% | -$3.5M+39.9% | -$5.8M+0.6% | -$5.9M | N/A | N/A |
| Investing Cash Flow | N/A | -$125.4M-295.0% | -$31.7M-2719.7% | -$1.1M+81.0% | -$5.9M-1516.5% | $418K+29.5% | $323K+3133.1% | -$11K-102.4% | $440K+1.8% | $432K | N/A | -$80K |
| Financing Cash Flow | N/A | $145.7M+221.2% | $45.3M+4564.1% | -$1.0M-102.8% | $36.4M+49.4% | $24.4M+48.1% | $16.4M+188.8% | $5.7M+22.1% | $4.7M-24.4% | $6.2M+881.3% | $629K+220.3% | $196K |
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.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 45.1%+36.5pp | 8.6% | -253.8% | -6.6%-105.6pp | 99.0%+6.6pp | 92.4%+47.3pp | 45.1%+41.5pp | 3.5% | N/A |
| Operating Margin | N/A | -41734.7% | -307.7% | -49.4% | -365.3% | -1552.1% | -244.9% | -36.5%+24.0pp | -60.5% | -14836.2% | -643.9% | N/A |
| Net Margin | N/A | -115068.9% | -325.9% | -3.7% | -419.1% | -967.8% | -289.7% | -40.5%+20.0pp | -60.5% | -14998.0% | -711.9% | N/A |
| Return on Equity | 58.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -41.8%+41.0pp | -82.8% |
| Return on Assets | 32.8%+46.7pp | -13.9%+45.6pp | -59.5%-56.9pp | -2.6%+73.2pp | -75.8%-49.1pp | -26.7%+174.6pp | -201.3%-170.5pp | -30.8%+46.5pp | -77.3%+31.7pp | -108.9%-69.6pp | -39.3%+41.3pp | -80.6% |
| Current Ratio | 2.19+1.6x | 0.56+0.1x | 0.480.0x | 0.47-0.5x | 0.93+0.4x | 0.54+0.5x | 0.07-0.1x | 0.16+0.1x | 0.08-0.1x | 0.15-9.3x | 9.46-27.3x | 36.79 |
| Debt-to-Equity | 0.01 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.060.0x | 0.03 |
| FCF Margin | N/A | -65460.2% | -195.7% | N/A | N/A | N/A | -79.8%-68.7pp | -11.1%+16.8pp | -27.9% | -3972.8% | N/A | N/A |
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
Where American Res Corp Ranks
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 100.0% 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) recorded an outflow of $10.4M in operating cash flow during fiscal year 2025, representing cash used by 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 Altman Z-Score?
American Res Corp (AREC) has an Altman Z-Score of 0.83, 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 Res Corp's Piotroski F-Score?
American Res 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 Res Corp's earnings high quality?
For every $1 of reported earnings, American Res 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.