Ramaco Resources, Inc. (METCB) Income Statement
METCB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMETCB revenue and net income
Where METCB's revenue goes
2025Each bar shows an amount and its share of revenue. METCB kept −9.6% of revenue as net income.
METCB profit margins
METCB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −19.5% | −1.7% | +26.0% | — |
| Gross profit | −79.7% | −58.7% | +47.4% | — |
| Operating income | −436.4% | — | — | — |
| Net income | −559.7% | — | — | — |
| EPS (diluted) | −563.2% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
METCB quarterly EPS vs estimates
Next report: October 26, 2026.
METCB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $536.6M | $666.3M | $693.5M | $565.7M | $283.4M | $168.9M | $230.2M | $227.6M | $61.0M | $5.2M |
| Cost of revenue | $523.2M | $600.4M | $549.4M | $375.3M | $222.2M | $167.0M | $182.5M | $189.5M | $64.3M | $5.3M |
| Gross profit | $13.4M | $65.9M | $144.1M | $190.4M | $61.2M | $1.9M | $47.7M | $38.1M | −$3.3M | −$78,340 |
| Sales, general & admin | $69.4M | $49.3M | $48.8M | $40.0M | $21.6M | $21.0M | $18.2M | $14.0M | $12.6M | $7.5M |
| Total operating expenses | $69.4M | $49.3M | $48.8M | $40.0M | $21.6M | $21.0M | $18.2M | $14.0M | $12.6M | $7.5M |
| Operating income | −$56.0M | $16.6M | $95.2M | $150.4M | $39.5M | −$19.1M | $29.5M | $24.1M | −$15.9M | −$7.5M |
| Interest expense | $7.8M | $6.1M | $8.9M | $6.8M | $2.6M | $1.2M | $1.2M | $1.5M | $22,841 | $124,000 |
| Income before taxes | −$62.1M | $14.9M | $104.7M | $146.2M | $44.4M | −$8.4M | $30.1M | $25.2M | −$15.4M | −$7.5M |
| Income taxes | −$10.7M | $3.7M | $22.4M | $30.2M | $4.6M | −$3.5M | $5.2M | $113,000 | $226,814 | $138,752 |
| Net income | −$51.4M | $11.2M | $82.3M | $116.0M | $39.8M | −$4.9M | $24.9M | $25.1M | −$15.4M | −$7.5M |
| EBITDA | $15.5M | $88.1M | $169.2M | $195.3M | $73.8M | $14.3M | $51.3M | $39.6M | −$11.8M | −$6.9M |
| EPS (diluted) | −$0.88 | $0.19 | $1.12 | $2.60 | $0.53 | −$0.11 | $0.61 | $0.62 | −$0.42 | −$0.19 |
| Gross margin | 2.5% | 9.9% | 20.8% | 33.7% | 21.6% | 1.1% | 20.7% | 16.7% | −5.4% | −1.5% |
| Operating margin | −10.4% | 2.5% | 13.7% | 26.6% | 13.9% | −11.3% | 12.8% | 10.6% | −26.0% | −144.4% |
| Net margin | −9.6% | 1.7% | 11.9% | 20.5% | 14.0% | −2.9% | 10.8% | 11.0% | −25.3% | −144.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $144.8M | $121.6M | $128.0M | $121.0M | $153.0M | $134.7M | $170.9M | $167.4M | $155.3M | $172.7M | $202.7M | $187.0M |
| Cost of revenue | $128.2M | $125.6M | $120.2M | $119.3M | $151.6M | $132.1M | $153.2M | $152.9M | $139.0M | $155.3M | $154.2M | $159.4M |
| Gross profit | $16.6M | −$4.0M | $7.8M | $1.7M | $1.3M | $2.6M | $17.7M | $14.5M | $16.3M | $17.4M | $48.6M | $27.5M |
| Sales, general & admin | $17.6M | $20.3M | $19.6M | $16.1M | $15.2M | $14.6M | $11.4M | $12.9M | $10.9M | $14.1M | $11.3M | $11.5M |
| Total operating expenses | $34.9M | $20.3M | $20.9M | $16.1M | $15.2M | $14.6M | $11.4M | $12.9M | $10.9M | $14.1M | $11.3M | $11.5M |
| Operating income | −$18.2M | −$24.3M | −$13.1M | −$14.5M | −$13.8M | −$12.0M | $6.4M | $1.6M | $5.4M | $3.3M | $37.3M | $16.1M |
| Interest expense | $1.5M | $334,000 | $506,000 | $2.2M | $2.8M | $2.2M | $1.6M | $1.7M | $1.5M | $1.3M | $1.6M | $2.4M |
| Income before taxes | −$19.6M | −$24.2M | −$15.8M | −$16.6M | −$16.0M | −$13.7M | $6.1M | −$178,000 | $6.5M | $2.6M | $38.9M | $25.0M |
| Income taxes | −$4.2M | −$5.8M | −$1.1M | −$3.3M | −$2.0M | −$4.3M | $2.2M | $61,000 | $915,000 | $540,000 | $8.8M | $5.5M |
| Net income | −$15.4M | −$18.3M | −$14.7M | −$13.3M | −$14.0M | −$9.5M | $3.9M | −$239,000 | $5.5M | $2.0M | $30.0M | $19.5M |
| EBITDA | −$1.1M | −$6.7M | $1.7M | $3.1M | $4.3M | $6.4M | $24.8M | $19.7M | $24.2M | $19.5M | $55.3M | $42.2M |
| EPS (diluted) | −$0.26 | −$0.28 | −$0.22 | −$0.22 | −$0.26 | −$0.18 | $0.07 | −$0.00 | $0.10 | $0.02 | $0.57 | $0.38 |
| Gross margin | 11.5% | −3.3% | 6.1% | 1.4% | 0.9% | 1.9% | 10.4% | 8.7% | 10.5% | 10.1% | 24.0% | 14.7% |
| Operating margin | −12.6% | −20.0% | −10.2% | −12.0% | −9.1% | −8.9% | 3.7% | 1.0% | 3.5% | 1.9% | 18.4% | 8.6% |
| Net margin | −10.6% | −15.1% | −11.5% | −11.0% | −9.1% | −7.0% | 2.3% | −0.1% | 3.6% | 1.2% | 14.8% | 10.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in METCB's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
METCB financial results
In fiscal year 2025 (ended December 31, 2025), Ramaco Resources reported revenue of $536.6 million, down 19.5% from the year before. It had a net loss of $51.4 million, a net profit margin of −9.6%. Diluted earnings per share came to −$0.88. Over five years revenue grew at an average rate of 26.0% a year.
See the METCB stock overview for the latest quote and news, or the METCB chart for price history and technical indicators.
METCB income statement FAQ
What is Ramaco Resources's annual revenue?
Ramaco Resources reported total revenue of $536.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 19.5% from $666.3 million the previous year.
Is Ramaco Resources profitable?
No. Ramaco Resources reported a net loss of $51.4 million in fiscal 2025, a net profit margin of −9.6%; its operating margin was −10.4%.
What is Ramaco Resources's gross margin?
Ramaco Resources's gross margin was 2.5% in fiscal 2025: for every $100 of revenue, Ramaco Resources kept $2 after the direct cost of its products and services.
How fast is Ramaco Resources growing?
Revenue grew 26.0% a year on average over the last five fiscal years, from $168.9 million to $536.6 million.
What are Ramaco Resources's earnings per share?
Ramaco Resources earned $-0.88 per diluted share in fiscal 2025, compared with $0.19 a year earlier.
When will Ramaco Resources report its next earnings?
Ramaco Resources is expected to report results for the quarter ending September 30, 2026 on October 26, 2026.
When does Ramaco Resources's fiscal year end?
Ramaco Resources's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.