Ramaco Resources (METC) Financial Statements & Analysis

Ramaco Resources (METC) Income Statement

Ramaco Resources reported revenue of $536.62M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 19.5% from $666.29M a year earlier. Ramaco Resources posted a net loss of $51.45M, compared with net income of $11.19M a year earlier. Gross margin was 2.5% and operating margin -10.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $144.80M, down 5.3% from the same quarter a year earlier.

Ramaco Resources Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Ramaco Resources, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	536.62	666.30	693.52	565.69	283.39	168.92	230.21	227.57	61.04
Cost of Revenue	523.21	533.29	493.79	332.96	222.23	145.50	182.50	189.47	64.34
Gross Profit	13.41	133.00	199.73	232.73	61.16	23.41	47.71	38.10	-3.30
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	69.36	49.29	48.83	40.03	21.63	21.02	18.18	14.01	12.59
Operating Expenses	69.36	116.37	104.49	82.34	21.63	42.51	18.18	14.01	12.59
Operating Income	-55.96	16.64	95.25	150.39	39.53	-19.09	29.53	24.10	-15.89
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.30
Interest Expense	7.80	-6.12	-8.90	6.83	2.56	-1.22	1.19	1.46	0.02
Other Income/Expense	-6.18	-1.72	9.42	2.64	4.87	3.48	0.57	1.09	0.48
Income
Income Before Tax	-62.14	14.92	104.66	146.20	44.41	-8.39	30.10	25.19	-15.42
Income Tax Expense	-10.69	3.73	22.35	30.15	4.65	-3.48	5.16	0.11	0.00
Net Income	-51.45	11.19	82.31	116.04	39.76	-4.91	24.93	25.07	-15.42
Net Income - Continuous Operations	-51.45	11.19	82.31	116.04	39.76	-4.91	24.93	25.07	-15.42
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	15.49	83.72	150.90	194.22	73.78	2.39	51.32	39.57	-11.83
EBIT	-54.34	16.64	95.25	153.02	46.96	-19.09	-	-	-
Depreciation & Amortization	69.82	67.08	55.66	41.19	26.82	21.48	20.03	12.92	3.56
Earnings Per Share
Basic EPS	-1.00	-	2.00	3.00	1.00	-	1.00	1.00	-
Diluted EPS	-1.00	-	1.00	3.00	1.00	-	1.00	1.00	-
Basic Shares Outstanding	49.77	51.63	47.64	44.16	43.96	42.46	40.84	40.04	37.58
Diluted Shares Outstanding	49.77	53.65	48.54	44.70	44.26	42.46	40.84	40.26	37.60

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ramaco Resources Financial Statements

What was Ramaco Resources's revenue in fiscal 2025?

Ramaco Resources reported revenue of $536.62M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 19.5% from $666.29M a year earlier.

Is Ramaco Resources profitable?

No. Ramaco Resources reported a net loss of $51.45M in fiscal 2025. In fiscal 2024 it earned $11.19M.

What is Ramaco Resources's operating margin?

Ramaco Resources's operating income was −$55.96M on revenue of $536.62M in fiscal 2025, an operating margin of -10.4%, compared with 2.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition