Ramaco Resources, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-15.4M | $-18.3M | $-14.7M | $-13.3M | $-14.0M | $-9.5M | $3.9M | $-239.0K |
| Depreciation & Amortization | $16.8M | $16.6M | $16.5M | $17.1M | $17.0M | $17.5M | $16.7M | $17.8M |
| Depreciation | $11.2M | $11.2M | $11.1M | $11.0M | $10.9M | $10.4M | $9.9M | $9.5M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $5.0M | $4.9M | $4.7M | $4.7M | $4.8M | $3.4M | $4.2M | $4.0M |
| Net Cash from Operating Activities | $12.2M | $-34.6M | $-18.4M | $-1.4M | $-4.3M | $26.0M | $15.7M | $37.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-27.4M | $-17.0M | $-27.5M | $-19.8M | $-14.1M | $-22.3M | $-12.7M | $-18.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | $0 | $0 | $1.9M | $2.5M | $128.0K | $8.0M |
| Stock Repurchases | $54.0M | $11.9M | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-57.5M | $-33.5M | $292.4M | $186.9M | $3.0M | $6.7M | $7.2M | $-24.0M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | — | — | — | — | — | — | — |