Ramaco Resources Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Cash & Equivalents	440.35	33.01	41.96	35.61	21.89
Cash & Short-Term Investments	440.35	33.01	41.96	35.61	21.89
Cash Growth	1234.02%	-21.34%	17.83%	62.68%	313.04%
Accounts Receivable	54.35	73.58	96.87	41.17	44.45
Other Receivables	-	-	-	14.6	-
Receivables	54.35	73.58	96.87	55.77	44.45
Inventory	87.16	43.36	37.16	44.97	15.79
Prepaid Expenses	10.25	16.89	12.95	10.23	3.73
Restricted Cash	0.8	0.8	0.8	0.9	0.9
Other Current Assets	4.7	-	-	-	-
Total Current Assets	597.61	167.63	189.74	147.49	86.76
Property, Plant & Equipment	528.82	495.78	469.91	443.44	236.23
Other Long-Term Assets	14.14	11.27	6.18	5.41	6.04
Total Assets	1,141	674.69	665.84	596.34	329.03
Accounts Payable	41.6	48.86	51.62	34.83	15.35
Accrued Expenses	52.9	54.71	52.09	41.68	19.67
Current Portion of Long-Term Debt	0.06	0.36	56.53	75.64	7.67
Current Portion of Leases	7.64	6.51	5.59	6.09	3.49
Other Current Liabilities	7.31	12	4.15	4.61	0.49
Total Current Liabilities	109.5	122.43	169.99	162.85	46.66
Long-Term Debt	451.36	88.19	33.65	51.59	35.7
Long-Term Leases	10.97	8.61	5.37	5.5	4.6
Long-Term Deferred Tax Liabilities	44.31	56.03	54.35	35.64	6.41
Other Long-Term Liabilities	40.86	36.63	32.88	31.57	24.59
Total Liabilities	657	311.88	296.23	287.14	117.96
Common Stock	0.55	0.53	0.53	0.44	0.44
Additional Paid-In Capital	483.33	292.74	277.13	168.71	163.57
Retained Earnings	-0.31	69.53	91.94	140.05	47.07
Total Common Equity	483.57	362.81	369.61	309.2	211.07
Shareholders' Equity	483.57	362.81	369.61	309.2	211.07
Total Liabilities & Equity	1,141	674.69	665.84	596.34	329.03
Total Debt	470.02	103.67	101.13	138.82	51.46
Net Cash (Debt)	-29.68	-70.66	-59.17	-103.21	-29.57
Net Cash Per Share	-0.51	-1.32	-1.22	-2.31	-0.67
Filing Date Shares Outstanding	67.28	54.4	53.67	44.45	44.27
Total Common Shares Outstanding	66.33	53.77	53.39	44.16	44.09
Working Capital	488.11	45.21	19.75	-15.36	40.1
Book Value Per Share	7.29	6.75	6.92	7.00	4.79
Tangible Book Value	483.57	362.81	369.61	309.2	211.07
Tangible Book Value Per Share	7.29	6.75	6.92	7.00	4.79
Machinery	390.36	331.9	290.06	232.89	167.02
Construction In Progress	22.26	31.05	13.98	34.7	9.97

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q