Financial health
- The company holds more cash ($32M) than total debt ($965286).
AREC Financials American Resources Corp
13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $0 | $55M | — | — | — | $965286 | $32M |
| 2024 | $34070 | -$39M | 0.0% | -41734.7% | $932739 | $2M | $201456 |
| 2023 | $12M | -$39M | 0.0% | -307.7% | — | — | $1M |
| 2022 | $39M | -$1M | 45.1% | -49.4% | — | — | — |
| 2021 | $8M | -$33M | 8.6% | -365.3% | — | — | $13M |
| 2020 | $1M | -$10M | -253.8% | -1552.1% | — | $14M | $11M |
| 2019 | $24M | -$71M | -6.6% | -244.9% | — | $0 | $268811 |
| 2018 | $32M | -$13M | 20.7% | -36.5% | — | $8M | $3M |
| 2017 | $21M | -$13M | 0.0% | -60.4% | — | $5M | $385665 |
| 2016 | $8M | -$22M | 0.0% | -287.5% | — | — | $925627 |
| 2016 | — | -$643373 | — | — | — | — | $290395 |
| 2015 | — | -$444455 | — | — | — | — | $87983 |
| 2014 | — | -$88930 | — | — | — | — | $82819 |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Dec '25 | -$95349 | $77M | 0.0% | -4979.8% | — | $965286 | $32M |
| Sep '25 | $165 | -$8M | -41374.5% | -2656743.0% | — | $2M | $2M |
| Mar '25 | $31927 | -$7M | -470.0% | -15608.8% | — | — | $24623 |
| Dec '24 | -$299487 | -$12M | 0.0% | -3045.0% | — | $2M | $201456 |
| Sep '24 | $235443 | -$11M | -85.8% | -3750.1% | — | — | $840330 |
| Jun '24 | $4095 | -$7M | 0.0% | -152122.5% | — | — | $554416 |
| Mar '24 | $94019 | -$7M | -938.6% | -7158.3% | — | — | — |
| Dec '23 | -$3M | $11M | 0.0% | 807.4% | — | — | $1M |
| Sep '23 | $6M | -$2M | 0.0% | 18.7% | — | — | — |
| Jun '23 | $2M | -$8M | 0.0% | -355.0% | — | — | — |
| Mar '23 | $9M | $3M | 0.0% | -29.7% | — | — | — |
| Dec '22 | $5M | $9M | 0.0% | -143.9% | — | — | — |
| Sep '22 | $10M | -$5M | 0.0% | -48.7% | — | — | — |
| Jun '22 | $16M | -$2M | 0.0% | -25.5% | — | — | $5M |
| Mar '22 | $9M | -$3M | 0.0% | -43.9% | — | — | $6M |
| Dec '21 | $5M | -$11M | 0.0% | -196.8% | — | — | $13M |
| Sep '21 | $3M | -$9M | 0.0% | -278.7% | — | — | $20M |
| Jun '21 | $393210 | -$7M | 0.0% | -1420.6% | — | — | $29M |
| Mar '21 | $10646 | -$6M | 0.0% | -56099.3% | — | — | $8M |
| Dec '20 | $13875 | -$8M | 0.0% | -51509.3% | — | $14M | $11M |
Valuation over time
How the market has priced AREC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 4.8× (Dec '25) to 3.6× (Jun '26).
- The price-to-sales ratio has risen from 4.1× (Mar '23) to 8759.9× (Nov '25).
P/E
P/S
Frequently asked questions
Is AREC growing its revenue and profit?
See the revenue and net-income charts above for American Resources Corp's multi-year trend.
How much debt does AREC have?
As of FY2025, American Resources Corp reported $965286 of total debt against $32M of cash.
What is AREC's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is AREC's P/E ratio?
As of Jun '26, American Resources Corp traded at a price-to-earnings ratio of about 3.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.