Skip to main content
Institutional deep-dive - valuation, health, statements

Financial Analysis

Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data

Fundamentals

American Resources Corp AREC

· Other · Silver Ores

FY2025 10-K, filed 2026-05-20
SEC EDGAR

Filing evidence summary

Caution evidenceCoverage 3/5 core metrics

Latest reported annual revenue changed -100.0% from the prior reported annual observation.

Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.

Evidence signals

  • Revenue contracted

    Latest reported annual revenue changed -100.0% from the prior reported annual observation.

    Why this surfaced

    Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.

  • Operating margin compressed

    Operating margin changed -41666.5 percentage points from the prior annual period.

    Why this surfaced

    Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2024-12-31.

  • 4 filing risk checks flagged

    Flagged areas: Earnings quality, Solvency & liquidity, Dilution.

    Why this surfaced

    The full financial analysis shows each value, threshold, and sector limitation.

Core trend metrics

Latest annual revenue growth
-100.0%
as of 2025-12-31
Latest annual operating margin
-41734.7%
as of 2024-12-31
Debt / equity
0.01x
as of 2025-12-31

Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.

Where to look next

Risk checks

4of 8 rule-based checks flagged
  • Earnings quality
  • Solvency & liquidity
  • Dilution

Financial movement

  • Cash→ flat
  • Long-term debt→ flat
  • Inventory→ flat
  • Receivables→ flat
  • Current assets→ flat

Source & freshness

Source
SEC EDGAR XBRL
Fetched
2026-09-06
Latest period end
2025-12-31
Filings
EDGAR ↗

Reported segment mix

figures as filed · share of the filed sum · change vs the prior period in the same filing
Fiscal year ending 2025-12-3110-K filed 2026-05-20prior period 2024-12-31 from the same filingView filing
By business segment
Revenue
  • Corporate$0
    share n/a
    no prior

No consolidated figure stored for this period; shares are of the filed sum.

Operating income
  • Corporate-$10.6M
    100.0%
    -19.1% yoy

Members sum to -$10.6M against -$11.3M consolidated (residual -$686K) - eliminations or corporate lines the filer did not tag on this axis.

Latest quarter
Quarter ending 2025-09-3010-Q/A filed 2025-11-17prior period 2024-09-30 from the same filingView filing
  • Re Elements$165
    share n/a
    -99.9% yoy
  • Consolidated$165
    share n/a
    -99.9% yoy
  • Corporate$0
    share n/a
    -100.0% yoy
  • American Carbon$0
    share n/a
    -100.0% yoy
  • American Metals$0
    share n/a
    no prior

Change is against the same quarter a year earlier, as reported in the same 10-Q.

Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.

Peer percentiles

latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 119 in Energy
MetricValuevs all filersvs sector
Return on equity
net income ÷ stockholders' equity (positive equity only)
58.4%
97thof 3,577
top third
98thof 95
top third
Cash conversion
operating cash flow ÷ net income (net income > 0)
-0.2×
8thof 2,183
bottom third
2ndof 70
bottom third
Cash-flow accrual ratio
(net income − operating cash flow) ÷ average total assets · lower is ranked higher
29.2%
1stof 3,577
bottom third
1stof 102
bottom third
Balance-sheet accrual ratio
change in net operating assets ÷ average net operating assets · lower is ranked higher
-1538.3%
100thof 3,059
top third
99thof 77
top third

Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.

Earnings quality

latest fiscal year ending 2025-12-31 · accruals and cash conversion as filed
Cash conversion
-0.19×
operating cash flow ÷ net income, latest fiscal year
Cash-flow accrual ratio
29.2%
(net income − operating cash flow) ÷ average total assets
Balance-sheet accrual ratio
-1538.3%
change in net operating assets ÷ average net operating assets
Cash-backed years
1 of 2
fiscal years where operating cash flow met or exceeded net income
Mean cash conversion
-0.19×
across the stored fiscal years with positive net income

Per fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.

Point-in-time ledger

first-reported vs latest filing · periods since 2020-01-01 · 37 changed periods, 30 largest shown
Line itemPeriodFirst reportedLatest filingChangeFilings
Stockholders' equity
StockholdersEquity
balance at 2023-12-31$224K
10-K 2024-04-15
-$43.5M
10-K/A 2025-10-24
-19547.2%first · latest · 5 filings carry it
Stockholders' equity
StockholdersEquity
balance at 2022-12-31$285K
10-K 2023-03-31
-$19.9M
10-K/A 2025-10-24
-7102.2%first · latest · 6 filings carry it
Net income
NetIncomeLoss
quarter 2023-06-30-$1000K
10-Q 2023-08-14
-$8.47M
10-Q 2024-11-19
-747.3%first · latest · 4 filings carry it
Net income
NetIncomeLoss
fiscal year 2023-12-31$11.5M
10-K 2024-04-15
-$38.5M
10-K/A 2025-10-24
-436.3%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
fiscal year 2023-12-31-$11.4M
10-K 2024-04-15
-$36.4M
10-K/A 2025-10-24
-218.5%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2024-03-31$6.23M
10-Q/A 2024-05-22
-$7.02M
10-Q/A 2025-10-24
-212.8%first · latest · 5 filings carry it
Net income
NetIncomeLoss
quarter 2023-09-30$3.48M
10-Q 2023-11-14
-$2.46M
10-Q 2024-11-19
-170.5%first · latest
Interest expense
InterestExpense
quarter 2024-03-31$249K
10-Q/A 2024-05-22
$663K
10-Q/A 2025-10-24
+165.7%first · latest · 3 filings carry it
Interest expense
InterestExpense
quarter 2024-09-30$774K
10-Q 2024-11-19
$1.97M
10-Q/A 2025-11-17
+153.9%first · latest · 3 filings carry it
Revenue
Revenues
quarter 2025-09-30$50.2K
10-Q 2025-11-14
$165
10-Q/A 2025-11-17
-99.7%first · latest
Revenue
Revenues
fiscal year 2024-12-31$383K
10-K/A 2025-06-02
$34.1K
10-K 2026-05-20
-91.1%first · latest · 3 filings carry it
Stock-based compensation
ShareBasedCompensation
quarter 2024-03-31$560K
10-Q/A 2024-05-22
$986K
10-Q/A 2025-10-24
+76.0%first · latest · 3 filings carry it
Cash
CashAndCashEquivalentsAtCarryingValue
balance at 2024-12-31$604K
10-K/A 2025-06-02
$201K
10-K 2026-05-20
-66.7%first · latest · 7 filings carry it
Operating income
OperatingIncomeLoss
fiscal year 2024-12-31-$33.1M
10-K/A 2025-06-02
-$14.2M
10-K 2026-05-20
+57.0%first · latest · 3 filings carry it
Cash
CashAndCashEquivalentsAtCarryingValue
balance at 2023-12-31$2.67M
10-Q 2024-08-19
$1.32M
10-K/A 2025-10-24
-50.5%first · latest · 4 filings carry it
Interest expense
InterestExpense
fiscal year 2023-12-31$1.34M
10-K 2024-04-15
$1.99M
10-K/A 2025-10-24
+48.7%first · latest · 3 filings carry it
Total assets
Assets
balance at 2024-12-31$205M
10-K/A 2025-06-02
$282M
10-K 2026-05-20
+37.4%first · latest · 7 filings carry it
Total assets
Assets
balance at 2023-12-31$91.7M
10-K 2024-04-15
$64.7M
10-K/A 2025-10-24
-29.4%first · latest · 6 filings carry it
Revenue
Revenues
fiscal year 2023-12-31$16.7M
10-K 2024-04-15
$11.8M
10-K/A 2025-10-24
-29.4%first · latest · 3 filings carry it
Total liabilities
Liabilities
balance at 2024-12-31$287M
10-K/A 2025-06-02
$363M
10-K 2026-05-20
+26.4%first · latest · 7 filings carry it
Net income
NetIncomeLoss
quarter 2025-09-30-$6.3M
10-Q 2025-11-14
-$7.7M
10-Q/A 2025-11-17
-22.2%first · latest
Total liabilities
Liabilities
balance at 2023-12-31$91.5M
10-K 2024-04-15
$110M
10-K/A 2025-10-24
+19.9%first · latest · 6 filings carry it
Operating income
OperatingIncomeLoss
fiscal year 2022-12-31-$24M
10-K 2023-03-31
-$19.5M
10-K 2024-04-15
+18.8%first · latest
Net income
NetIncomeLoss
quarter 2024-09-30-$9.22M
10-Q 2024-11-19
-$10.6M
10-Q/A 2025-11-17
-15.2%first · latest · 3 filings carry it
Stockholders' equity
StockholdersEquity
balance at 2025-09-30-$93.4M
10-Q 2025-11-14
-$80.7M
10-Q/A 2025-11-17
+13.7%first · latest
Net income
NetIncomeLoss
quarter 2023-03-31-$3.1M
10-Q 2023-11-14
-$2.86M
10-Q 2024-11-19
+7.7%first · latest · 4 filings carry it
Operating income
OperatingIncomeLoss
quarter 2024-03-31-$6.26M
10-Q/A 2024-05-22
-$6.73M
10-Q/A 2025-10-24
-7.4%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
quarter 2024-09-30-$8.26M
10-Q 2024-11-19
-$8.83M
10-Q/A 2025-11-17
-6.9%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2024-06-30-$6.6M
10-Q 2024-08-19
-$7M
10-Q 2024-11-19
-6.0%first · latest
Net income
NetIncomeLoss
fiscal year 2024-12-31-$40.1M
10-K/A 2025-06-02
-$39.2M
10-K 2026-05-20
+2.3%first · latest · 3 filings carry it

First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.

Notes by disclosure type

Not available for AREC yet: no footnote text blocks on file for this filer in the ingested DERA files.

Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.

Educational content only. Not financial advice. TrendNalysis provides educational and informational financial analysis built from public SEC filings and economic data (FRED, BLS). It is not financial, investment, tax, or legal advice and is not a recommendation to buy or sell any security. Market pricing is not currently included. Past performance does not guarantee future results. Always do your own research and consult a licensed financial professional before investing.