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Ramaco Resources logo
Ramaco Resources METC
$ 6.55 -4.1%
report update icon

Quarterly report 2026-Q3
added 11-03-2026

Ramaco Resources Income Statement 2025-2011 | METC

Brief overview of revenue and earnings at Ramaco Resources

The overview follows changes across a five-year period. Ramaco Resources reported revenue of $169 million in 2020 and $537 million by 2025. The five-year change reached +217.7%, while CAGR stood at 26%. Revenue growth reflects a pronounced phase of business expansion.

At the gross-profit level, the result moved from $23.4 million to $83.2 million, a change of +255.5%. Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. Gross profit as a share of revenue changed from 13.9% to 15.5%. Gross profitability remained broadly stable.

The operating result measured by EBITDA moved from 1.8 million dollars to 12.2 million dollars, or +573.1%. EBITDA grew faster than revenue, indicating positive operating leverage. EBITDA margin was 1.1% at the start and 2.3% at the end. Operating efficiency did not change materially.

Across the five years, the net result shifted from −$4.9 million to −$51.4 million. Profitability deteriorated further over the five years.

Summary assessment

The results present an uneven picture without one dominant signal. The positive side is supported by an improving EBITDA margin, a larger revenue base and a stronger gross margin. The main areas of concern are a narrow EBITDA buffer and lower net income. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Ramaco Resources

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

- - 743 M 416 M 518 M 125 M 125 M 238 M 303 M - - - - - -

Shares

- - 44.3 M 44.2 M 44 M 42.5 M 40.8 M 40 M 37.6 M - - - - - -

Historical Prices

8.84 14.5 16.8 9.43 11.8 2.94 3.07 6.06 8.04 - - - - - -

Net Income

-51.4 M 11.2 M 82.3 M 116 M 39.8 M -4.91 M 24.9 M 25.1 M -15.4 M -7.52 M -2.34 M -1.77 M - - -

Revenue

537 M 666 M 694 M 566 M 283 M 169 M 169 M 228 M 61 M 5.22 M - - - - -

Cost of Revenue

453 M 533 M 494 M 333 M 195 M 146 M 162 M 177 M 60.5 M - - - - - -

Gross Profit

83.2 M 133 M 200 M 233 M 88 M 2.4 M 12.4 M 51 M 515 K 819 K - - - - -

Operating Income

-56 M 16.6 M 95.2 M 150 M 39.5 M -19.1 M 29.5 M 24.1 M -15.9 M -7.53 M -2.33 M - - - -

Interest Expense

1.62 M 4.41 M 18.3 M 2.64 M 2.56 M 1.22 M 1.19 M 1.43 M 23 K 124 K 1.92 K - - - -

EBITDA

12.2 M 82.3 M 149 M 192 M 65.7 M 1.82 M 49.1 M 36.5 M -12.7 M -7.28 M -2.33 M -1.77 M - - -

Operating Expenses

139 M 116 M 104 M 82.3 M 48.4 M 21.5 M -17.2 M 26.9 M 16.4 M 8.35 M - - - - -

General and Administrative Expenses

69.4 M 49.3 M 48.8 M 40 M 21.6 M 21 M 18.2 M 14 M 12.6 M 7.45 M 1.32 M 759 K - - -

All numbers in USD currency

Quarterly Income Statement Ramaco Resources

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

- - - - - - - - 44.3 K 44.4 K 44.3 M - 44.2 M 44.2 M 44.3 M -15 K 44.1 M 44.3 M 44.2 M 43.9 M 44.1 M 44.2 M 43.4 M 42.4 M 42.6 M 42.7 M 41.8 M 40.8 M 40.9 M 40.9 M 40.6 M 40 M 40.1 M 40.1 M 39.9 M 666 K 39.5 M 39.1 M 32.1 M - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

-18.2 M -15.4 M -18.3 M -14.7 M -13.3 M -14 M -9.46 M 3.86 M -239 K 5.54 M 2.03 M 30 M 19.5 M 7.56 M 25.3 M 14.4 M 26.9 M 33.3 M 41.5 M 18.6 M 7.04 M 9.94 M 4.14 M -4.75 M -4.78 M 2.65 M 1.96 M 1.89 M 5.55 M 10.6 M 6.88 M 3.39 M 6.21 M 10.2 M 5.27 M -2.6 M -6.24 M -3.49 M -3.09 M -1.54 M -1.53 M -613 K -3.83 M - - - - - - - - - - - - - - - - - - - -

Revenue

150 M 145 M 122 M 128 M 121 M 153 M 135 M 171 M 167 M 155 M 173 M 203 M 187 M 137 M 166 M 135 M 137 M 139 M 155 M 87.5 M 76.4 M 76.1 M 43.5 M 51.1 M 39.5 M 36.4 M 41.9 M 45.6 M 61.4 M 65.8 M 57.5 M 44.2 M 62.2 M 65.3 M 55.9 M 24 M 14.4 M 11.1 M 11.5 M 3.75 M 1.47 M - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

134 M 128 M 109 M 107 M 102 M 134 M 114 M 136 M 135 M 123 M 140 M 139 M 145 M 99.2 M 111 M 95.4 M 79.6 M 76.6 M 81.3 M 51.6 M 54.8 M 57.8 M 31.2 M 48.7 M 35.7 M 30.1 M 30.9 M 33.3 M 45 M 43.2 M 41 M 35 M 49.4 M 47.9 M 44.3 M 21.4 M 16.5 M 11.8 M 10.8 M - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

16.3 M 16.6 M 13.1 M 20.9 M 19.2 M 18.8 M 20.5 M 34.8 M 32.7 M 32.5 M 33 M 63.3 M 42.3 M 38.3 M 55.8 M 39.8 M 57.3 M 62 M 73.6 M 35.9 M 21.6 M 18.3 M 12.3 M 2.4 M 3.77 M 6.24 M 11 M 12.4 M 16.4 M 22.5 M 16.5 M 9.23 M 12.8 M 17.4 M 11.6 M 2.64 M -2.12 M -701 K 692 K - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

-21.1 M -18.2 M -24.3 M -15.6 M -14.5 M -13.8 M -12 M 6.35 M 1.59 M 5.42 M 3.28 M 37.3 M 16.1 M 10 M 31.9 M 18.1 M 36.7 M 42.7 M 52.9 M 22.5 M 8.77 M 7.02 M 1.24 M -8.35 M -7.58 M -4.3 M 1.14 M 1.94 M 6.45 M 12.9 M 8.25 M 2.02 M 5.8 M 10.6 M 5.62 M -2.66 M -6.34 M -3.71 M -3.18 M -1.61 M -1.48 M -603 K -3.83 M - - - - - - - - - - - - - - - - - - - -

Interest Expense

-916 K 189 K 485 K 332 K 125 K 658 K 505 K 1.33 M -76 K 2.52 M 629 K 3.24 M 11.3 M 2.5 M 1.25 M 856 K -933 K 2.35 M 366 K 273 K 789 K 3.43 M 2.94 M 470 K 1.74 M 8.5 M 1.21 M 695 K 573 K 194 K 298 K 480 K 1.04 M 513 K 489 K 53.9 K 31.9 K 121 K -3.26 K - 63.4 K 9.47 K 1.24 K - - - - - - - - - - - - - - - - - - - -

EBITDA

-9.75 M -7.06 M -13.1 M -4.55 M -3.45 M -2.95 M -1.66 M 16.2 M 11.1 M 14.5 M 12.1 M 45.7 M 24.1 M 17.7 M 38.6 M 26.3 M 42.6 M 48 M 57.6 M 27.1 M 13.3 M 11.5 M 5.64 M -4 M -3.26 M -59 K 5.32 M 6.02 M 10.2 M 16.3 M 11.3 M 4.83 M 8.39 M 12.9 M 7.62 M -1.14 M -5.54 M -3.51 M -3.06 M -1.61 M -1.42 M -603 K -3.83 M - - - - - - - - - - - - - - - - - - - -

Operating Expenses

37.4 M 34.9 M 37.4 M 36.6 M 33.6 M 32.6 M 32.5 M 28.5 M 31.1 M 27.1 M 29.7 M 26.1 M 26.2 M 28.2 M 23.9 M 21.7 M 20.6 M 19.3 M 20.7 M 13.4 M 12.8 M 11.3 M 11 M 10.8 M 11.4 M 10.5 M 9.86 M 10.4 M 9.94 M 9.65 M 8.2 M 7.2 M 6.96 M 6.77 M 5.99 M 5.3 M 4.22 M 3.01 M 3.88 M - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

19.3 M 17.6 M 20.3 M 19.6 M 16.1 M 15.2 M 14.6 M 11.4 M 12.9 M 10.9 M 14.1 M 11.3 M 11.5 M 14.3 M 11.7 M 10.8 M 8.67 M 8.79 M 11.8 M 5.86 M 5.9 M 5.16 M 4.71 M 5.3 M 5.97 M 5.04 M 4.72 M 5.05 M 4.46 M 4.7 M 3.96 M 3.4 M 3.48 M 3.69 M 3.43 M 3.35 M 3.14 M 2.5 M 3.6 M - 1.67 M 359 K 400 K - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Ramaco Resources (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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