Ramaco Resources, Inc.METCEarnings & Financial Report
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
METC Q3 FY2025 Key Financial Metrics
Revenue
$121.0M
Gross Profit
$19.2M
Operating Profit
$-14.5M
Net Profit
$-13.3M
Gross Margin
15.8%
Operating Margin
-12.0%
Net Margin
-11.0%
YoY Growth
-27.7%
Ramaco Resources, Inc. Q3 FY2025 Financial Summary
Ramaco Resources, Inc. reported revenue of $121.0M (down 27.7% YoY) for Q3 FY2025, with a net profit of $-13.3M (down 5468.2% YoY) (-11.0% margin). Cost of goods sold was $101.8M, operating expenses totaled $33.6M.
Key Financial Metrics
| Total Revenue | $121.0M |
|---|---|
| Net Profit | $-13.3M |
| Gross Margin | 15.8% |
| Operating Margin | -12.0% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Ramaco Resources, Inc. Q3 FY2025 revenue of $121.0M breaks down across 2 segments, led by Export Coal Revenues at $73.0M (60.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Export Coal Revenues | $73.0M | 60.3% |
| Domestic Coal Revenues | $48.0M | 39.7% |
Ramaco Resources, Inc. Revenue by Segment — Quarterly Trend
Ramaco Resources, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Export Coal Revenues and Domestic Coal Revenues) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Export Coal Revenues | $73.0M | $89.3M | $90.6M | $112.8M |
| Domestic Coal Revenues | $48.0M | $63.6M | $44.0M | $58.1M |
Ramaco Resources, Inc. Annual Revenue by Year
Ramaco Resources, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $666.3M).
Ramaco Resources, Inc. Quarterly Revenue & Net Profit History
Ramaco Resources, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $121.0M | -27.7% | $-13.3M | -11.0% |
| Q2 FY2025 | $153.0M | -1.5% | $-14.0M | -9.1% |
| Q1 FY2025 | $134.7M | -22.0% | $-9.5M | -7.0% |
| Q4 FY2024 | $170.9M | -15.7% | $3.9M | 2.3% |
| Q3 FY2024 | $167.4M | -10.5% | $-239.0K | -0.1% |
| Q2 FY2024 | $155.3M | +13.0% | $5.5M | 3.6% |
| Q1 FY2024 | $172.7M | +3.8% | $2.0M | 1.2% |
| Q4 FY2023 | $202.7M | +49.9% | $30.0M | 14.8% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $202.7M | $172.7M | $155.3M | $167.4M | $170.9M | $134.7M | $153.0M | $121.0M |
| YoY Growth | 49.9% | 3.8% | 13.0% | -10.5% | -15.7% | -22.0% | -1.5% | -27.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $665.8M | $674.0M | $659.2M | $645.4M | $674.7M | $685.7M | $674.6M | $849.7M |
| Liabilities | $296.2M | $301.7M | $293.1M | $283.6M | $311.9M | $330.5M | $327.2M | $322.7M |
| Equity | $369.6M | $372.3M | $366.1M | $361.8M | $362.8M | $355.2M | $347.4M | $526.9M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $41.6M | $25.2M | $34.4M | $37.4M | $15.7M | $26.0M | $-4.3M | $-1.4M |