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MARKETS / NASDAQ / METC
NASDAQ · SILVER ORES · MID CAP

Ramaco Resources, Inc. METC

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$536.6M
▼ 19.5% YoY
$-51.4M
▼ 559.7% YoY
In brief

What this company does

Ramaco Resources, Inc. is both an operator and developer of metallurgical coal in southern West Virginia and southwestern Virginia, and a developing producer of coal, rare earth elements and critical minerals in Wyoming. Its principal corporate and executive offices are located in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. It maintains 85 million reserve tons and 1,337 million measured and indicated resource tons of metallurgical coal. As of December 31, 2025, its estimated aggregate annual production capacity was approximately four million clean tons of coal, excluding idled properties. Its operations are organized into two reportable segments, Metallurgical Coal and Rare Earths and Critical Minerals. As of December 31, 2025, its operations included six active mines at its Elk Creek mining complex, one active mine at its Berwind mining complex, one active mine at its Knox Creek mining complex, and one active mine at its Maben mining complex. In mid-2025, it initiated development of its rare earth element and critical mineral operations near Sheridan, Wyoming. Ramaco Resources, Inc. is a Delaware corporation formed in October 2016.

Written from the business description in Ramaco Resources, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 536.6M
Revenue, FY2025 · full 11-year series below
Revenue $M Net income $M
FY2025 · Revenue 536.6 · Net income -51.4
250.0M500.0M201520172019202120232025
Compound annual growth
−1.7%
+26.0%
−39.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +26.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−10 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -10.4% · Net -9.6%
10%20%-50%-100%201520172019202120232025
ROE
FY2025 · ROE -12.2%
-500%201520172019202120232025

Each USD of equity lost 12 cents this year.

Cash & shareholders
USD 4.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF 78.1
40M-40M-80M201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 4.3 · Net buybacks —
10M20M20212022202320242025

USD 4.3M in dividends went back to shareholders in a year without profit.

Total assetsUSD 1.1B
EquityUSD 483.6M
CashUSD 440.3M
Gross debtUSD 467.6M
Net debtUSD 27.3M
Current ratio5.46×

Net debt stands at 6% of equity.

The 11-year record
11 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015
Revenue $B0.50.70.70.60.30.20.20.20.10.0·
Operating income $B−0.10.00.10.20.0−0.00.00.0−0.0−0.0−0.0
EBITDA $B0.00.10.10.20.10.00.00.0−0.0−0.0·
Income tax $B−0.00.00.00.00.0−0.00.00.00.00.00.0
Net income $B−0.10.00.10.10.0−0.00.00.0−0.0−0.0−0.0
Free cash flow $B··0.10.10.0−0.0−0.0−0.0−0.1−0.0−0.0
EPS, diluted $−0.990.111.732.600.90−0.120.610.62−0.41··
Dividend / sh $····0.06······
Payout %−8220311750······
ROE %−12.23.124.344.620.9−2.916.019.7−28.4−897.3−35.1
Shares out B···0.040.040.040.040.040.040.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 37 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 48 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySilver Ores
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2015

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