Ramaco Resources, Inc. (METC) Financial Statements
Industry: Silver Ores
In fiscal 2025, Ramaco Resources reported revenue of $536.6M, down 19.5% from $666.3M the year before. Net income was -$51.4M (a -9.6% net margin), or -$0.99 per diluted share. Gross margin was 15.5% and operating margin was -10.4%. Operating activities generated $2.0M of cash, leaving -$1.0M of free cash flow. At fiscal year end, Ramaco Resources held $1.14B in total assets against $657.0M in total liabilities, including $440.3M of cash and equivalents.
Open the full interactive Ramaco Resources financials → Quarterly statements, key ratios, valuation history and price charts.
Ramaco Resources Key Stats
| Share Price | $8.93 |
|---|---|
| Market Cap | $475.2M |
| Dividend Yield | 0.91% |
| Revenue YoY Growth | -19.5% |
| 52-Week Range | $8.00 – $54.55 |
| Shares Outstanding | 53.2 million (basic, 2026 Q2) |
Ramaco Resources Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $168.9M | $283.4M | $565.7M | $693.5M | $666.3M | $536.6M |
| Cost of Goods Sold | $145.5M | $195.4M | $333.0M | $493.8M | $533.3M | $453.4M |
| Gross Profit | $23.4M | $88.0M | $232.7M | $199.7M | $133.0M | $83.2M |
| Operating Income | -$19.1M | $39.5M | $150.4M | $95.2M | $16.6M | -$56.0M |
| Pre-Tax Income | -$8.4M | $44.4M | $146.2M | $104.7M | $14.9M | -$62.1M |
| Income Tax | -$3.5M | $4.6M | $30.2M | $22.4M | $3.7M | -$10.7M |
| Net Income | -$4.9M | $39.8M | $116.0M | $82.3M | $11.2M | -$51.4M |
| Diluted EPS | -$0.12 | $0.89 | $2.57 | $1.71 | $0.11 | -$0.99 |
Ramaco Resources Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $121.0M | $128.0M | $121.6M | $144.8M |
| Net Income | -$13.3M | -$14.7M | -$18.3M | -$15.4M |
| Diluted EPS | -$0.25 | -$0.30 | -$0.30 | -$0.26 |
Ramaco Resources Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.3M | $21.9M | $35.6M | $42.0M | $33.0M | $440.3M |
| Current Assets | $42.5M | $86.8M | $147.5M | $189.7M | $167.6M | $597.6M |
| Total Assets | $228.6M | $329.0M | $596.3M | $665.8M | $674.7M | $1.14B |
| Current Liabilities | $29.1M | $46.7M | $162.8M | $170.0M | $122.4M | $109.5M |
| Total Long-Term Debt | $17.4M | $11.0M | $54.4M | $56.9M | $416,000 | $467.6M |
| Total Liabilities | $59.5M | $118.0M | $287.1M | $296.2M | $311.9M | $657.0M |
| Shareholders' Equity | $169.1M | $211.1M | $309.2M | $369.6M | $362.8M | $483.6M |
Ramaco Resources Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $13.3M | $53.3M | $187.9M | $161.0M | $112.7M | $2.0M |
| Cash From Investing | -$24.8M | -$59.6M | -$145.7M | -$72.2M | -$70.8M | -$83.7M |
| Cash From Financing | $11.3M | $22.4M | -$28.5M | -$82.5M | -$50.8M | $489.0M |
| Free Cash Flow | -$11.4M | $23.9M | $64.9M | $78.1M | $109.7M | -$1.0M |
| Dividends Paid | — | — | $20.0M | $25.8M | $24.6M | $4.3M |
Figures from Ramaco 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 Ramaco Resources financials page for every line item.
Ramaco Resources Company Profile
| Ticker | METC |
|---|---|
| Exchange | Nasdaq |
| Industry | Silver Ores |
| Headquarters | Lexington, Kentucky |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001687187 |
Frequently Asked Questions
What was Ramaco Resources' revenue in fiscal 2025?
Ramaco Resources (METC) reported revenue of $536.6M for fiscal 2025.
What is Ramaco Resources' annual revenue history?
Ramaco Resources' annual revenue by fiscal year: 2020: $168.9M; 2021: $283.4M; 2022: $565.7M; 2023: $693.5M; 2024: $666.3M; 2025: $536.6M.
What was Ramaco Resources' net income in fiscal 2025?
Ramaco Resources reported net income of -$51.4M for fiscal 2025.
What was Ramaco Resources' earnings per share (EPS) in fiscal 2025?
Ramaco Resources' diluted EPS was -$0.99 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Ramaco Resources generate in fiscal 2025?
Ramaco Resources generated -$1.0M of free cash flow in fiscal 2025.
What was Ramaco Resources' revenue last quarter?
In its most recent reported quarter (2026 Q2), Ramaco Resources reported revenue of $144.8M.
How much debt does Ramaco Resources have?
Ramaco Resources reported $467.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Ramaco Resources are outstanding?
Ramaco Resources reported a weighted average of 53.2 million basic shares outstanding in 2026 Q2.
What is Ramaco Resources' market cap?
Based on its latest closing price, Ramaco Resources (METC) has a market capitalization of about $475.2M.
When does Ramaco Resources' fiscal year end?
Ramaco Resources' fiscal year end, as registered with the SEC, is December 31.
Where is Ramaco Resources headquartered?
Ramaco Resources lists its business address in Lexington, Kentucky in its SEC filings.