Ramaco Resources, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $536.6M | $666.3M | $693.5M | $565.7M | $283.4M | $168.9M | $168.9M | $227.6M |
| Cost of Revenue | $453.4M | $533.3M | $493.8M | $333.0M | $195.4M | $145.5M | $162.5M | $176.6M |
| Gross Profit | $83.2M | $133.0M | $199.7M | $232.7M | $88.0M | $23.4M | $6.4M | $51.0M |
| Gross Margin | 15.5% | 20.0% | 28.8% | 41.1% | 31.0% | 13.9% | 3.8% | 22.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $69.4M | $49.3M | $48.8M | $40.0M | $21.6M | $21.0M | $18.2M | $14.0M |
| Operating Income | $-56.0M | $16.6M | $95.2M | $150.4M | $39.5M | $-19.1M | $29.5M | $24.1M |
| Operating Margin | -10.4% | 2.5% | 13.7% | 26.6% | 13.9% | -11.3% | 17.5% | 10.6% |
| Interest Expense | — | — | — | — | $2.6M | $1.2M | $1.2M | $1.4M |
| Pretax Income | $-62.1M | $14.9M | $104.7M | $146.2M | $44.4M | $-8.4M | $30.1M | $25.2M |
| Income Tax Expense | $-10.7M | $3.7M | $22.4M | $30.2M | $4.6M | $-3.5M | $5.2M | $113.0K |
| Net Income | $-51.4M | $11.2M | $82.3M | $116.0M | $39.8M | $-4.9M | $24.9M | $25.1M |
| Net Margin | -9.6% | 1.7% | 11.9% | 20.5% | 14.0% | -2.9% | 14.8% | 11.0% |
| EPS (Basic) | $-0.99 | $0.11 | $1.77 | $2.63 | $0.90 | $-0.12 | $0.61 | $0.63 |
| EPS (Diluted) | $-0.99 | $0.11 | $1.73 | $2.60 | $0.90 | $-0.12 | $0.61 | $0.62 |
| Shares Outstanding (Basic) | — | — | 44.5M | 44.2M | 44.0M | 42.5M | 40.8M | 40.0M |
| Shares Outstanding (Diluted) | — | — | 44.5M | 44.7M | 44.3M | 42.5M | 40.8M | 40.3M |
| Dividends Per Share | — | — | — | — | $0.06 | — | — | — |