American Resources Corp (AREC) Financial Statements
Industry: Silver Ores
In fiscal 2025, American Resources reported revenue of $0, down 100.0% from $383,234 the year before. Net income was $55.4M, or $0.63 per diluted share. Operating activities generated -$10.4M of cash. At fiscal year end, American Resources held $168.9M in total assets against $75.7M in total liabilities, including $31.7M of cash and equivalents.
Open the full interactive American Resources financials → Quarterly statements, key ratios, valuation history and price charts.
American Resources Key Stats
| Share Price | $1.33 |
|---|---|
| Market Cap | $115.6M |
| P/E Ratio | 2.1 |
| Revenue YoY Growth | -100.0% |
| 52-Week Range | $1.33 – $6.71 |
| Shares Outstanding | 75.4 million (basic, 2023 Q4) |
American Resources Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.1M | $7.8M | $39.5M | $16.7M | $383,234 | $0 |
| Gross Profit | -$2.7M | $666,355 | $17.8M | — | — | — |
| Operating Income | -$16.4M | -$28.3M | -$24.0M | -$11.4M | -$32.2M | -$11.3M |
| Pre-Tax Income | -$10.3M | -$32.5M | -$1.4M | $11.5M | -$39.3M | -$17.8M |
| Income Tax | — | — | — | — | — | $0 |
| Net Income | -$10.3M | -$32.5M | -$1.4M | $11.5M | -$39.3M | $55.4M |
| Diluted EPS | -$0.35 | -$0.59 | — | — | -$0.51 | $0.63 |
American Resources Quarterly Results
| 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q3 | |
|---|---|---|---|---|
| Revenue | $235,443 | $49,677 | $31,927 | $50,165 |
| Net Income | -$9.2M | -$29.7M | -$6.7M | -$6.3M |
| Diluted EPS | — | -$0.38 | -$0.08 | -$0.07 |
American Resources Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.2M | $12.6M | — | — | $604,485 | $31.7M |
| Current Assets | $11.2M | $15.3M | $10.8M | $34.9M | $11.3M | $134.3M |
| Total Assets | $38.4M | $42.9M | $55.9M | $91.7M | $205.9M | $168.9M |
| Current Liabilities | $23.3M | $16.5M | $27.4M | $18.1M | $84.8M | $61.2M |
| Total Long-Term Debt | $14.3M | $14.5M | $1.9M | $44.2M | $2.6M | $965,286 |
| Total Liabilities | $58.4M | $45.1M | $55.6M | $91.5M | $286.9M | $75.7M |
| Shareholders' Equity | -$20.0M | -$2.3M | $284,696 | $223,844 | -$79.5M | $94.8M |
American Resources Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$13.8M | -$29.1M | $6.1M | -$14.5M | -$21.2M | -$10.4M |
| Cash From Investing | $417,857 | -$5.9M | -$7.6M | -$28.8M | -$125.4M | — |
| Cash From Financing | $24.4M | $36.4M | -$31,611 | $37.4M | $145.7M | — |
| Free Cash Flow | — | — | — | — | -$22.3M | — |
Figures from American Resources' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full American Resources financials page for every line item.
American Resources Company Profile
| Ticker | AREC |
|---|---|
| Exchange | Nasdaq |
| Industry | Silver Ores |
| Headquarters | Fishers, Indiana |
| Incorporated in | Florida |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001590715 |
Frequently Asked Questions
What was American Resources' revenue in fiscal 2025?
American Resources (AREC) reported revenue of $0 for fiscal 2025.
What is American Resources' annual revenue history?
American Resources' annual revenue by fiscal year: 2020: $1.1M; 2021: $7.8M; 2022: $39.5M; 2023: $16.7M; 2024: $383,234; 2025: $0.
What was American Resources' net income in fiscal 2025?
American Resources reported net income of $55.4M for fiscal 2025.
What was American Resources' earnings per share (EPS) in fiscal 2025?
American Resources' diluted EPS was $0.63 for fiscal 2025 (adjusted for any later stock splits).
What was American Resources' revenue last quarter?
In its most recent reported quarter (2025 Q3), American Resources reported revenue of $50,165.
How much debt does American Resources have?
American Resources reported $965,286 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of American Resources are outstanding?
American Resources reported a weighted average of 75.4 million basic shares outstanding in 2023 Q4.
What is American Resources' market cap?
Based on its latest closing price, American Resources (AREC) has a market capitalization of about $115.6M.
When does American Resources' fiscal year end?
American Resources' fiscal year end, as registered with the SEC, is December 31.
Where is American Resources headquartered?
American Resources lists its business address in Fishers, Indiana in its SEC filings.