Ramaco Resources Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	523.58	536.62	666.3	693.52	565.69	283.39
Revenue Growth (YoY)	-16.66%	-19.46%	-3.93%	22.60%	99.61%	67.77%
Cost of Revenue	447.77	453.39	533.29	493.79	332.96	195.41
Gross Profit	75.8	83.23	133	199.73	232.73	87.98
Selling, General & Admin	75.05	69.36	49.29	48.83	40.03	21.63
Other Operating Expenses	1.77	1.67	1.47	1.4	1.12	0.62
Operating Expenses	144.04	139.19	116.37	104.49	82.34	48.45
Operating Income	-68.24	-55.96	16.64	95.25	150.39	39.53
Interest Expense	-5.91	-7.8	-6.12	-8.9	-6.83	-2.56
Other Non Operating Income (Expenses)	1.6	1.62	4.41	10.52	0.52	2.02
EBT Excluding Unusual Items	-72.55	-62.14	14.92	96.86	144.08	39
Gain (Loss) on Sale of Assets	-	-	-	-	2.11	-
Other Unusual Items	-	-	-	-	-	5.41
Pretax Income	-72.55	-62.14	14.92	104.66	146.2	44.41
Income Tax Expense	-12.24	-10.69	3.73	22.35	30.15	4.65
Net Income	-60.31	-51.45	11.19	82.31	116.04	39.76
Preferred Dividends & Other Adjustments	0.19	0.94	2.01	2.77	-	-
Net Income to Common	-60.5	-52.38	9.18	79.54	116.04	39.76
Net Income Growth	-	-	-86.40%	-29.07%	191.86%	-
Shares Outstanding (Basic)	62	59	52	48	44	44
Shares Outstanding (Diluted)	62	59	54	49	45	44
Shares Change (YoY)	18.44%	9.33%	10.51%	8.60%	1.00%	4.23%
EPS (Basic)	-0.98	-0.89	0.18	1.67	2.63	0.90
EPS (Diluted)	-0.98	-0.89	0.17	1.64	2.60	0.90
EPS Growth	-	-	-89.56%	-36.98%	188.89%	-
Free Cash Flow	-121.36	-63.74	42.33	77	52.06	-6.27
Free Cash Flow Per Share	-1.96	-1.09	0.79	1.59	1.17	-0.14
Dividend Per Share	0.069	0.206	0.550	0.500	0.453	-
Dividend Growth	-87.50%	-62.50%	10.00%	10.38%	-	-
Gross Margin	14.48%	15.51%	19.96%	28.80%	41.14%	31.05%
Operating Margin	-13.03%	-10.43%	2.50%	13.73%	26.58%	13.95%
Profit Margin	-11.55%	-9.76%	1.38%	11.47%	20.51%	14.03%
Free Cash Flow Margin	-23.18%	-11.88%	6.35%	11.10%	9.20%	-2.21%
EBITDA	0.76	13.87	83.72	150.9	192.7	66.35
EBITDA Margin	0.14%	2.58%	12.56%	21.76%	34.06%	23.41%
D&A For EBITDA	69	69.82	67.08	55.66	42.31	26.82
EBIT	-68.24	-55.96	16.64	95.25	150.39	39.53
EBIT Margin	-13.03%	-10.43%	2.50%	13.73%	26.58%	13.95%
Effective Tax Rate	-	-	24.99%	21.35%	20.63%	10.46%

Updated May 11, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q