English

AMERICAN RESOURCES CORPORATION

EDGAR

AREC Current report (8-K) · filed 2026-06-04

Annual consolidated revenue for 2025: about USD 0, using the latest reported figures. The previous period, 2024, was about USD 34.07K.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

-45.3 thousand USD

2025 Q4 · USD

Exact inputs and evidence

Revenue: 0 USD Source
Revenue: 45349 USD Source

Operating margin

-10,633.63%

2025 Q4 · %

Exact inputs and evidence

Operating Income: -11308535 USD Source
Operating Income: -16130782 USD Source
Revenue: 0 USD Source
Revenue: 45349 USD Source

Operating cash flow

-995 thousand USD

2025 Q4 · USD

Exact inputs and evidence

Operating Cash Flow: -10411845 USD Source
Operating Cash Flow: -9417099 USD Source

Cash and cash equivalents: 31.7 million USD 2025-12-31 Source
Exact value

31701916 USD
Long-term debt including current maturities: 14.3 million USD 2020-12-31 Source
Exact value

14300907 USD
Shares outstanding: 107 million shares 2025-12-31 Source
Exact value

106919829 shares

Reported share-count change

37.08% · 28.9 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

77996079 shares · 2024-12-31· Source
106919829 shares · 2025-12-31· Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-06-04.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 10 of 11 periods available· newest 2025-12-31
Capital expenditure: 6 of 11 periods available· newest 2024-12-31
Total assets: 11 of 11 periods available· newest 2025-12-31
Total liabilities: 10 of 11 periods available· newest 2025-12-31
Current assets: 11 of 11 periods available· newest 2025-12-31
Current liabilities: 11 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 10 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 4 of 11 periods available· newest 2020-12-31
Shares outstanding: 10 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-100%

Prior period

USD 34,070

2024-01-01 – 2024-12-31
Current period

USD 0

2025-01-01 – 2025-12-31

Exact inputs and evidence

0 − 34070 = -34070 USD

34070 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
0 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · AMERICAN RESOURCES CORPORATION · 2025-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Year-over-year change in Revenue: -34070 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 0 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#727893 Filing: 000147793226003317 Input fundies:Revenue: 34070 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#728501 Filing: 000147793226003317
The citation records this snapshot. The page link may show a newer release later.
Net income
+USD 94.59 million

Prior period

−USD 39.2 million

2024-01-01 – 2024-12-31
Current period

USD 55.39 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

55385211 − -39203970 = 94589181 USD

-39203970 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
55385211 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · AMERICAN RESOURCES CORPORATION · 2025-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Year-over-year change in Net income: 94589181 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 55385211 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#876209 Filing: 000147793226003317 Input fundies:NetIncome: -39203970 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#828787 Filing: 000147793226003317
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-622.7%

Prior period

USD 1.99 million

2024-01-01 – 2024-12-31
Current period

−USD 10.41 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-10411845 − 1991801 = -12403646 USD

1991801 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-10411845 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · AMERICAN RESOURCES CORPORATION · 2025-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Year-over-year change in Operating cash flow: -12403646 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -10411845 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#919818 Filing: 000147793226003317 Input fundies:OperatingCashFlow: 1991801 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#920523 Filing: 000147793226003317
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 0
Operating costs Derived USD 11.31 million
Operating income −USD 11.31 million
Tax, interest and other Derived −USD 66.69 million
Net income USD 55.39 million

Cash

Operating cash flow −USD 10.41 million
Capital expenditure Unavailable An input is unavailable.
Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 Operating loss: operating costs were 387% of revenue.
2017 Operating loss: operating costs were 160% of revenue.
2018 Operating loss: operating costs were 136% of revenue.
2019 Operating loss: operating costs were 345% of revenue.
2020 Operating loss: operating costs were 1,652% of revenue.
2021 Operating loss: operating costs were 465% of revenue.
2022 Operating loss: operating costs were 149% of revenue.
2023 Operating loss: operating costs were 408% of revenue.
2024 Operating loss: operating costs were 41,835% of revenue.
2025 Not shown: operating income or net income is not reported.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	7601194	29452263 Derived	-21851069	238213 Derived	-22089282	-5851192 Derived	Source 2016-01-01 – 2016-12-31: 7601194 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: -21851069 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: -22089282 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: -5816992 USD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 34200 USD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	20820998	33406936 Derived	-12585938	6580 Derived	-12592518	-5818006 Derived	Source 2017-01-01 – 2017-12-31: 20820998 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: -12585938 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: -12592518 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: -5644574 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 173432 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	31524825	43021530 Derived	-11496705	1260607 Derived	-12757312	-3498907 Derived	Source 2018-01-01 – 2018-12-31: 31524825 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: -11496705 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: -12757312 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: -3365544 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 133363 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	24477707	84431881 Derived	-59954174	10964128 Derived	-70918302	-19534356 Derived	Source 2019-01-01 – 2019-12-31: 24477707 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: -59954174 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: -70918302 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: -19207106 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 327250 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	1059691	17507056 Derived	-16447365	-6191602 Derived	-10255763	Unavailable	Source 2020-01-01 – 2020-12-31: 1059691 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: -16447365 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: -10255763 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: -13847255 USD Inspect Operating Cash Flow Open source
2021 2021-01-01 – 2021-12-31	7755306	36088714 Derived	-28333408	4170915 Derived	-32504323	Unavailable	Source 2021-01-01 – 2021-12-31: 7755306 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: -28333408 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -32504323 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: -29092193 USD Inspect Operating Cash Flow Open source
2022 2022-01-01 – 2022-12-31	39474269	58961590 Derived	-19487321	-18041649 Derived	-1445672	Unavailable	Source 2022-01-01 – 2022-12-31: 39474269 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -19487321 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -1445672 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 2549189 USD Inspect Operating Cash Flow Open source
2023 2023-01-01 – 2023-12-31	11821899	48197101 Derived	-36375202	2152206 Derived	-38527408	-23135647 Derived	Source 2023-01-01 – 2023-12-31: 11821899 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -36375202 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -38527408 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: -19518781 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 3616866 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	34070	14253088 Derived	-14219018	24984952 Derived	-39203970	932739 Derived	Source 2024-01-01 – 2024-12-31: 34070 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: -14219018 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: -39203970 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 1991801 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 1059062 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	0	11308535 Derived	-11308535	-66693746 Derived	55385211	Unavailable	Source 2025-01-01 – 2025-12-31: 0 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: -11308535 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 55385211 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: -10411845 USD Inspect Operating Cash Flow Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 0 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	7601194	Revenue: 7601194 Open source
20172017-12-31	Revenue	20820998	Revenue: 20820998 Open source
20182018-12-31	Revenue	31524825	Revenue: 31524825 Open source
20192019-12-31	Revenue	24477707	Revenue: 24477707 Open source
20202020-12-31	Revenue	1059691	Revenue: 1059691 Open source
20212021-12-31	Revenue	7755306	Revenue: 7755306 Open source
20222022-12-31	Revenue	39474269	Revenue: 39474269 Open source
20232023-12-31	Revenue	11821899	Revenue: 11821899 Open source
20242024-12-31	Revenue	34070	Revenue: 34070 Open source
20252025-12-31	Revenue	0	Revenue: 0 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-100% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	No prior comparable period	Revenue: 7601194 Open source
20172017-12-31	Year over year	173.9%	Revenue: 20820998 Open source Revenue: 7601194 Open source
20182018-12-31	Year over year	51.4%	Revenue: 31524825 Open source Revenue: 20820998 Open source
20192019-12-31	Year over year	-22.4%	Revenue: 24477707 Open source Revenue: 31524825 Open source
20202020-12-31	Year over year	-95.7%	Revenue: 1059691 Open source Revenue: 24477707 Open source
20212021-12-31	Year over year	631.8%	Revenue: 7755306 Open source Revenue: 1059691 Open source
20222022-12-31	Year over year	409%	Revenue: 39474269 Open source Revenue: 7755306 Open source
20232023-12-31	Year over year	-70.1%	Revenue: 11821899 Open source Revenue: 39474269 Open source
20242024-12-31	Year over year	-99.7%	Revenue: 34070 Open source Revenue: 11821899 Open source
20252025-12-31	Year over year	-100%	Revenue: 0 Open source Revenue: 34070 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -41,734.7% 2024

Net margin -115,068.9% 2024

Free cash flow margin 2,737.7% 2024

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	-287.5%	Operating Income: -21851069 Open source Revenue: 7601194 Open source
20172017-12-31	Operating margin	-60.4%	Operating Income: -12585938 Open source Revenue: 20820998 Open source
20182018-12-31	Operating margin	-36.5%	Operating Income: -11496705 Open source Revenue: 31524825 Open source
20192019-12-31	Operating margin	-244.9%	Operating Income: -59954174 Open source Revenue: 24477707 Open source
20202020-12-31	Operating margin	-1,552.1%	Operating Income: -16447365 Open source Revenue: 1059691 Open source
20212021-12-31	Operating margin	-365.3%	Operating Income: -28333408 Open source Revenue: 7755306 Open source
20222022-12-31	Operating margin	-49.4%	Operating Income: -19487321 Open source Revenue: 39474269 Open source
20232023-12-31	Operating margin	-307.7%	Operating Income: -36375202 Open source Revenue: 11821899 Open source
20242024-12-31	Operating margin	-41,734.7%	Operating Income: -14219018 Open source Revenue: 34070 Open source
20252025-12-31	Operating margin	Not reported	Operating Income: -11308535 Open source Revenue: 0 Open source
20162016-12-31	Net margin	-290.6%	Net Income: -22089282 Open source Revenue: 7601194 Open source
20172017-12-31	Net margin	-60.5%	Net Income: -12592518 Open source Revenue: 20820998 Open source
20182018-12-31	Net margin	-40.5%	Net Income: -12757312 Open source Revenue: 31524825 Open source
20192019-12-31	Net margin	-289.7%	Net Income: -70918302 Open source Revenue: 24477707 Open source
20202020-12-31	Net margin	-967.8%	Net Income: -10255763 Open source Revenue: 1059691 Open source
20212021-12-31	Net margin	-419.1%	Net Income: -32504323 Open source Revenue: 7755306 Open source
20222022-12-31	Net margin	-3.7%	Net Income: -1445672 Open source Revenue: 39474269 Open source
20232023-12-31	Net margin	-325.9%	Net Income: -38527408 Open source Revenue: 11821899 Open source
20242024-12-31	Net margin	-115,068.9%	Net Income: -39203970 Open source Revenue: 34070 Open source
20252025-12-31	Net margin	Not reported	Net Income: 55385211 Open source Revenue: 0 Open source
20162016-12-31	Free cash flow margin	-77%	Revenue: 7601194 Open source Operating Cash Flow: -5816992 Open source Capital Expenditure: 34200 Open source
20172017-12-31	Free cash flow margin	-27.9%	Revenue: 20820998 Open source Operating Cash Flow: -5644574 Open source Capital Expenditure: 173432 Open source
20182018-12-31	Free cash flow margin	-11.1%	Revenue: 31524825 Open source Operating Cash Flow: -3365544 Open source Capital Expenditure: 133363 Open source
20192019-12-31	Free cash flow margin	-79.8%	Revenue: 24477707 Open source Operating Cash Flow: -19207106 Open source Capital Expenditure: 327250 Open source
20202020-12-31	Free cash flow margin	Not reported	Revenue: 1059691 Open source Operating Cash Flow: -13847255 Open source
20212021-12-31	Free cash flow margin	Not reported	Revenue: 7755306 Open source Operating Cash Flow: -29092193 Open source
20222022-12-31	Free cash flow margin	Not reported	Revenue: 39474269 Open source Operating Cash Flow: 2549189 Open source
20232023-12-31	Free cash flow margin	-195.7%	Revenue: 11821899 Open source Operating Cash Flow: -19518781 Open source Capital Expenditure: 3616866 Open source
20242024-12-31	Free cash flow margin	2,737.7%	Revenue: 34070 Open source Operating Cash Flow: 1991801 Open source Capital Expenditure: 1059062 Open source
20252025-12-31	Free cash flow margin	Not reported	Revenue: 0 Open source Operating Cash Flow: -10411845 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -10.4M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	-5816992	Operating Cash Flow: -5816992 Open source
20172017-12-31	Operating cash flow	-5644574	Operating Cash Flow: -5644574 Open source
20182018-12-31	Operating cash flow	-3365544	Operating Cash Flow: -3365544 Open source
20192019-12-31	Operating cash flow	-19207106	Operating Cash Flow: -19207106 Open source
20202020-12-31	Operating cash flow	-13847255	Operating Cash Flow: -13847255 Open source
20212021-12-31	Operating cash flow	-29092193	Operating Cash Flow: -29092193 Open source
20222022-12-31	Operating cash flow	2549189	Operating Cash Flow: 2549189 Open source
20232023-12-31	Operating cash flow	-19518781	Operating Cash Flow: -19518781 Open source
20242024-12-31	Operating cash flow	1991801	Operating Cash Flow: 1991801 Open source
20252025-12-31	Operating cash flow	-10411845	Operating Cash Flow: -10411845 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 932.7K 2024

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	-5851192	Operating Cash Flow: -5816992 Open source Capital Expenditure: 34200 Open source
20172017-12-31	Free cash flow	-5818006	Operating Cash Flow: -5644574 Open source Capital Expenditure: 173432 Open source
20182018-12-31	Free cash flow	-3498907	Operating Cash Flow: -3365544 Open source Capital Expenditure: 133363 Open source
20192019-12-31	Free cash flow	-19534356	Operating Cash Flow: -19207106 Open source Capital Expenditure: 327250 Open source
20202020-12-31	Free cash flow	Unavailable	Operating Cash Flow: -13847255 Open source
20212021-12-31	Free cash flow	Unavailable	Operating Cash Flow: -29092193 Open source
20222022-12-31	Free cash flow	Unavailable	Operating Cash Flow: 2549189 Open source
20232023-12-31	Free cash flow	-23135647	Operating Cash Flow: -19518781 Open source Capital Expenditure: 3616866 Open source
20242024-12-31	Free cash flow	932739	Operating Cash Flow: 1991801 Open source Capital Expenditure: 1059062 Open source
20252025-12-31	Free cash flow	Unavailable	Operating Cash Flow: -10411845 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

44.8% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Liabilities / assets	235.7%	Total Liabilities: 47781427 Open source Total Assets: 20273829 Open source
20172017-12-31	Liabilities / assets	328.1%	Total Liabilities: 53458527 Open source Total Assets: 16293301 Open source
20182018-12-31	Liabilities / assets	122.2%	Total Liabilities: 50563534 Open source Total Assets: 41363712 Open source
20192019-12-31	Liabilities / assets	192.8%	Total Liabilities: 67934291 Open source Total Assets: 35229650 Open source
20202020-12-31	Liabilities / assets	152.1%	Total Liabilities: 58420895 Open source Total Assets: 38415395 Open source
20212021-12-31	Liabilities / assets	105.3%	Total Liabilities: 45128110 Open source Total Assets: 42872702 Open source
20222022-12-31	Liabilities / assets	99.5%	Total Liabilities: 55631653 Open source Total Assets: 55916349 Open source
20232023-12-31	Liabilities / assets	169.5%	Total Liabilities: 109730475 Open source Total Assets: 64725176 Open source
20242024-12-31	Liabilities / assets	128.7%	Total Liabilities: 362568848 Open source Total Assets: 281651874 Open source
20252025-12-31	Liabilities / assets	44.8%	Total Liabilities: 75718780 Open source Total Assets: 168907706 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

2.19× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	0.15×	Current Assets: 3737425 Open source Current Liabilities: 25209102 Open source
20172017-12-31	Current assets / current liabilities	0.08×	Current Assets: 2702401 Open source Current Liabilities: 35423566 Open source
20182018-12-31	Current assets / current liabilities	0.16×	Current Assets: 4262961 Open source Current Liabilities: 26433022 Open source
20192019-12-31	Current assets / current liabilities	0.07×	Current Assets: 3178099 Open source Current Liabilities: 45006407 Open source
20202020-12-31	Current assets / current liabilities	0.54×	Current Assets: 11215889 Open source Current Liabilities: 20933932 Open source
20212021-12-31	Current assets / current liabilities	0.93×	Current Assets: 15297943 Open source Current Liabilities: 16535206 Open source
20222022-12-31	Current assets / current liabilities	0.47×	Current Assets: 12767453 Open source Current Liabilities: 27433377 Open source
20232023-12-31	Current assets / current liabilities	0.48×	Current Assets: 37802142 Open source Current Liabilities: 78271542 Open source
20242024-12-31	Current assets / current liabilities	0.56×	Current Assets: 92896003 Open source Current Liabilities: 166399114 Open source
20252025-12-31	Current assets / current liabilities	2.19×	Current Assets: 134264713 Open source Current Liabilities: 61210368 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	−USD 22.09 million Exact value Exact value: -22089282 USD 2016-01-01 – 2016-12-31: -22089282 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2016-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: -22089282 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: -22089282 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000165495418011453/arec-20171231.xml#179417 Filing: 000165495418011453 The citation records this snapshot. The page link may show a newer release later.	−USD 5.82 million Exact value Exact value: -5816992 USD 2016-01-01 – 2016-12-31: -5816992 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2016-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: -5816992 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -5816992 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000165495418011453/arec-20171231.xml#189932 Filing: 000165495418011453 The citation records this snapshot. The page link may show a newer release later.	USD 34,200 Exact value Exact value: 34200 USD 2016-01-01 – 2016-12-31: 34200 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AMERICAN RESOURCES CORPORATION · 2016-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Capital Expenditure: 34200 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 34200 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000165495418011453/arec-20171231.xml#194383 Filing: 000165495418011453 The citation records this snapshot. The page link may show a newer release later.	−USD 5.85 million Calculation and evidence -5816992 − 34200 USD Exact free cash flow: -5851192 USD 2016-01-01 – 2016-12-31: -5816992 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 34200 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AMERICAN RESOURCES CORPORATION · 2016-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Free cash flow: -5851192 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -5816992 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000165495418011453/arec-20171231.xml#189932 Filing: 000165495418011453 Input fundies:CapitalExpenditure: 34200 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000165495418011453/arec-20171231.xml#194383 Filing: 000165495418011453 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	−USD 12.59 million Exact value Exact value: -12592518 USD 2017-01-01 – 2017-12-31: -12592518 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2017-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: -12592518 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: -12592518 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793219003252/arec-20181231.xml#258690 Filing: 000147793219003252 The citation records this snapshot. The page link may show a newer release later.	−USD 5.64 million Exact value Exact value: -5644574 USD 2017-01-01 – 2017-12-31: -5644574 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2017-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: -5644574 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -5644574 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793219003252/arec-20181231.xml#231903 Filing: 000147793219003252 The citation records this snapshot. The page link may show a newer release later.	USD 173,432 Exact value Exact value: 173432 USD 2017-01-01 – 2017-12-31: 173432 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AMERICAN RESOURCES CORPORATION · 2017-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Capital Expenditure: 173432 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 173432 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793219003252/arec-20181231.xml#231031 Filing: 000147793219003252 The citation records this snapshot. The page link may show a newer release later.	−USD 5.82 million Calculation and evidence -5644574 − 173432 USD Exact free cash flow: -5818006 USD 2017-01-01 – 2017-12-31: -5644574 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 173432 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AMERICAN RESOURCES CORPORATION · 2017-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Free cash flow: -5818006 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -5644574 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793219003252/arec-20181231.xml#231903 Filing: 000147793219003252 Input fundies:CapitalExpenditure: 173432 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793219003252/arec-20181231.xml#231031 Filing: 000147793219003252 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	−USD 12.76 million Exact value Exact value: -12757312 USD 2018-01-01 – 2018-12-31: -12757312 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2018-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: -12757312 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: -12757312 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793220003160/arec-20191231.xml#246595 Filing: 000147793220003160 The citation records this snapshot. The page link may show a newer release later.	−USD 3.37 million Exact value Exact value: -3365544 USD 2018-01-01 – 2018-12-31: -3365544 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2018-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: -3365544 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -3365544 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793220003160/arec-20191231.xml#280033 Filing: 000147793220003160 The citation records this snapshot. The page link may show a newer release later.	USD 133,363 Exact value Exact value: 133363 USD 2018-01-01 – 2018-12-31: 133363 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AMERICAN RESOURCES CORPORATION · 2018-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Capital Expenditure: 133363 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 133363 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793220003160/arec-20191231.xml#281035 Filing: 000147793220003160 The citation records this snapshot. The page link may show a newer release later.	−USD 3.5 million Calculation and evidence -3365544 − 133363 USD Exact free cash flow: -3498907 USD 2018-01-01 – 2018-12-31: -3365544 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 133363 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AMERICAN RESOURCES CORPORATION · 2018-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Free cash flow: -3498907 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -3365544 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793220003160/arec-20191231.xml#280033 Filing: 000147793220003160 Input fundies:CapitalExpenditure: 133363 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793220003160/arec-20191231.xml#281035 Filing: 000147793220003160 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	−USD 70.92 million Exact value Exact value: -70918302 USD 2019-01-01 – 2019-12-31: -70918302 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2019-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: -70918302 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: -70918302 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793221001410/arec-20201231.xml#290868 Filing: 000147793221001410 The citation records this snapshot. The page link may show a newer release later.	−USD 19.21 million Exact value Exact value: -19207106 USD 2019-01-01 – 2019-12-31: -19207106 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2019-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: -19207106 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -19207106 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793221001410/arec-20201231.xml#344908 Filing: 000147793221001410 The citation records this snapshot. The page link may show a newer release later.	USD 327,250 Exact value Exact value: 327250 USD 2019-01-01 – 2019-12-31: 327250 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AMERICAN RESOURCES CORPORATION · 2019-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Capital Expenditure: 327250 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 327250 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793220003160/arec-20191231.xml#280854 Filing: 000147793220003160 The citation records this snapshot. The page link may show a newer release later.	−USD 19.53 million Calculation and evidence -19207106 − 327250 USD Exact free cash flow: -19534356 USD 2019-01-01 – 2019-12-31: -19207106 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 327250 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AMERICAN RESOURCES CORPORATION · 2019-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Free cash flow: -19534356 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -19207106 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793221001410/arec-20201231.xml#344908 Filing: 000147793221001410 Input fundies:CapitalExpenditure: 327250 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793220003160/arec-20191231.xml#280854 Filing: 000147793220003160 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	−USD 10.26 million Exact value Exact value: -10255763 USD 2020-01-01 – 2020-12-31: -10255763 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2020-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: -10255763 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: -10255763 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793223000881/arec_10ka.htm#946408 Filing: 000147793223000881 The citation records this snapshot. The page link may show a newer release later.	−USD 13.85 million Exact value Exact value: -13847255 USD 2020-01-01 – 2020-12-31: -13847255 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2020-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: -13847255 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -13847255 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793223000881/arec_10ka.htm#1058482 Filing: 000147793223000881 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2021 2021-01-01 – 2021-12-31	−USD 32.5 million Exact value Exact value: -32504323 USD 2021-01-01 – 2021-12-31: -32504323 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2021-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: -32504323 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: -32504323 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793223002105/arec_10k.htm#841360 Filing: 000147793223002105 The citation records this snapshot. The page link may show a newer release later.	−USD 29.09 million Exact value Exact value: -29092193 USD 2021-01-01 – 2021-12-31: -29092193 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2021-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: -29092193 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -29092193 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793223002105/arec_10k.htm#916528 Filing: 000147793223002105 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2022 2022-01-01 – 2022-12-31	−USD 1.45 million Exact value Exact value: -1445672 USD 2022-01-01 – 2022-12-31: -1445672 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2022-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: -1445672 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -1445672 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793223002105/arec_10k.htm#874904 Filing: 000147793223002105 The citation records this snapshot. The page link may show a newer release later.	USD 2.55 million Exact value Exact value: 2549189 USD 2022-01-01 – 2022-12-31: 2549189 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2022-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: 2549189 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2549189 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793224002122/arec_10k.htm#975716 Filing: 000147793224002122 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.
2023 2023-01-01 – 2023-12-31	−USD 38.53 million Exact value Exact value: -38527408 USD 2023-01-01 – 2023-12-31: -38527408 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2023-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: -38527408 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -38527408 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793225007744/arec_10ka.htm#1016833 Filing: 000147793225007744 The citation records this snapshot. The page link may show a newer release later.	−USD 19.52 million Exact value Exact value: -19518781 USD 2023-01-01 – 2023-12-31: -19518781 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2023-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: -19518781 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -19518781 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793225007744/arec_10ka.htm#1159555 Filing: 000147793225007744 The citation records this snapshot. The page link may show a newer release later.	USD 3.62 million Exact value Exact value: 3616866 USD 2023-01-01 – 2023-12-31: 3616866 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AMERICAN RESOURCES CORPORATION · 2023-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Capital Expenditure: 3616866 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 3616866 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793225007744/arec_10ka.htm#1163345 Filing: 000147793225007744 The citation records this snapshot. The page link may show a newer release later.	−USD 23.14 million Calculation and evidence -19518781 − 3616866 USD Exact free cash flow: -23135647 USD 2023-01-01 – 2023-12-31: -19518781 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 3616866 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AMERICAN RESOURCES CORPORATION · 2023-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Free cash flow: -23135647 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -19518781 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793225007744/arec_10ka.htm#1159555 Filing: 000147793225007744 Input fundies:CapitalExpenditure: 3616866 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793225007744/arec_10ka.htm#1163345 Filing: 000147793225007744 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	−USD 39.2 million Exact value Exact value: -39203970 USD 2024-01-01 – 2024-12-31: -39203970 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2024-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: -39203970 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: -39203970 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#828787 Filing: 000147793226003317 The citation records this snapshot. The page link may show a newer release later.	USD 1.99 million Exact value Exact value: 1991801 USD 2024-01-01 – 2024-12-31: 1991801 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2024-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: 1991801 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1991801 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#920523 Filing: 000147793226003317 The citation records this snapshot. The page link may show a newer release later.	USD 1.06 million Exact value Exact value: 1059062 USD 2024-01-01 – 2024-12-31: 1059062 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · AMERICAN RESOURCES CORPORATION · 2024-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Capital Expenditure: 1059062 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1059062 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793225007744/arec_10ka.htm#1162741 Filing: 000147793225007744 The citation records this snapshot. The page link may show a newer release later.	USD 932,739 Calculation and evidence 1991801 − 1059062 USD Exact free cash flow: 932739 USD 2024-01-01 – 2024-12-31: 1991801 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 1059062 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · AMERICAN RESOURCES CORPORATION · 2024-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Free cash flow: 932739 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1991801 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#920523 Filing: 000147793226003317 Input fundies:CapitalExpenditure: 1059062 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793225007744/arec_10ka.htm#1162741 Filing: 000147793225007744 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	USD 55.39 million Exact value Exact value: 55385211 USD 2025-01-01 – 2025-12-31: 55385211 USD Inspect Net Income Open source Share or cite Citation for Net Income · AMERICAN RESOURCES CORPORATION · 2025-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Net Income: 55385211 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 55385211 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#876209 Filing: 000147793226003317 The citation records this snapshot. The page link may show a newer release later.	−USD 10.41 million Exact value Exact value: -10411845 USD 2025-01-01 – 2025-12-31: -10411845 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · AMERICAN RESOURCES CORPORATION · 2025-12-31 AMERICAN RESOURCES CORPORATION (edgar:1590715) Operating Cash Flow: -10411845 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T17:15:40Z Snapshot: f2113abb6052e96113f9e8f055328dbb91fb9893b73c582950f9b346b109817e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1590715/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -10411845 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1590715/000147793226003317/arec_10k.htm#919818 Filing: 000147793226003317 The citation records this snapshot. The page link may show a newer release later.	Unavailable Not reported for this period.	Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

77 filings · 2,921 latest values · 2,921 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001590715, 1590715, AREC, edgar:1590715, ngff, none

Also known as AMERICAN RESOURCES CORPORATION, American Resources Corp, American Resources Corporation, NATURAL GAS FUELING & CONVERSION INC., NATURAL GAS FUELING & CONVERSION INC.., NGFC Equities, Inc.

AMERICAN RESOURCES CORPORATION

Latest quarter

Revenue

Operating margin

Operating cash flow

Reported share-count change

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation