METC on Nasdaq

Ramaco Resources, Inc.

American silver ores company based in Lexington, incorporated in Delaware.

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Last updated Oct 18, 2026.

Overview

$536.6MRevenue, fiscal 20252
-$51.4MNet income, fiscal 20252

Compare with Tokio Marine HCC, Coronado Global Resources or Core Natural Resources, Inc., or pick any stock.

  • TickerMETC on Nasdaq
  • IndustrySilver Ores
  • HeadquartersLexington, United States
  • Incorporated inDE3
  • Business address250 West Main Street, Suite 1800, Lexington, Ky 405073
  • Filer categoryAccelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-10.4%Operating margin2
-9.6%Net margin2
-19.5%Revenue growth, 20252
-10.6%Return on equity2
0.97×Debt to equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Export Revenues brought in 63% of the revenue Ramaco Resources, Inc. broke down this way in fiscal 2025.

  1. Export Revenues$339.7M263%down 24% from 2024
  2. Domestic Coal Revenues$197.0M237%down 11% from 2024
Products and services by year
Products and services202320242025
Export Revenues$466.0M$444.6M$339.7M
Domestic Coal Revenues$227.5M$221.7M$197.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue84¢$453.4M
  • Selling, general and admin13¢$69.4M
  • Other costs1¢$3.2M
  • Income tax2¢$10.7M

Out of $536.6M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid100¢$4.3M

Out of $2.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Revenue45672$536.6M in 2025+136% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $227.6M$227.6M20182019: $168.9M$168.9M2019−26%2020: $168.9M$168.9M2020+0%2021: $283.4M$283.4M2021+68%2022: $565.7M$565.7M2022+100%2023: $693.5M$693.5M2023+23%2024: $666.3M$666.3M2024−4%2025: $536.6M$536.6M2025−19%
Operating income485672-$56.0M in 2025
-$100.0M0$100.0M$200.0M2018: $24.1M$24.1M20182019: $29.5M$29.5M2019+23%2020: -$19.1M-$19.1M20202021: $39.5M$39.5M20212022: $150.4M$150.4M2022+280%2023: $95.2M$95.2M2023−37%2024: $16.6M$16.6M2024−83%2025: -$56.0M-$56.0M2025
Net income485672-$51.4M in 2025
-$100.0M-$50.0M0$50.0M$100.0M$150.0M2018: $25.1M$25.1M20182019: $24.9M$24.9M2019−1%2020: -$4.9M-$4.9M20202021: $39.8M$39.8M20212022: $116.0M$116.0M2022+192%2023: $82.3M$82.3M2023−29%2024: $11.2M$11.2M2024−86%2025: -$51.4M-$51.4M2025

Every line of the income statement in the latest annual report, as filed.2

Period ending2025-12-312024-12-312023-12-31
Revenue$536.6M$666.3M$693.5M
Cost of sales (exclusive of items shown separately below)$453.4M$533.3M$493.8M
Asset retirement obligations accretion$1.7M$1.5M$1.4M
Depreciation, depletion, and amortization$68.2M$65.6M$54.3M
Selling, general, and administrative$69.4M$49.3M$48.8M
Total costs and expenses$592.6M$649.7M$598.3M
Operating income (loss)-$56.0M$16.6M$95.2M
Other income (expense), net$1.6M$4.4M$18.3M
Interest expense, net-$7.8M-$6.1M-$8.9M
Income (loss) before tax-$62.1M$14.9M$104.7M
Income tax expense (benefit)-$10.7M$3.7M$22.4M
Net income (loss)-$51.4M$11.2M$82.3M
Basic (in dollars per share)-$0.99$0.11$1.77
Diluted (in dollars per share)-$0.99$0.11$1.73

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Leadership

Who has led Ramaco Resources, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael Dale Bauersachs2018–2020
  2. Randall Whittaker Atkins2021–now

Chair

  1. Randall Whittaker Atkins2017–2022

President

  1. Michael Dale Bauersachs2018–2020

Chief financial officer

  1. Marc R. Solochek2017–2018
  2. Randall Whittaker Atkins2019
  3. Jeremy R. Sussman2019–now

Chief operating officer

  1. Mark Allen Clemens2017–2018
  2. Christopher L. Blanchard2021–2024
20202025
Board members and other officers (31)

Timeline

  1. Feb 16, 2021New chief executive Randall Whittaker Atkins becomes CEO14
  2. Feb 2, 2018New chief executive Michael Dale Bauersachs becomes CEO15
  3. Oct 24, 2016Founded Ramaco Resources, Inc. is founded50

Recent filings

  1. Sep 28, 20268-K CURRENT REPORT
  2. Sep 16, 2026SD SPECIALIZED DISCLOSURE REPORT
  3. Sep 14, 20268-K CURRENT REPORT
  4. Sep 10, 20268-K CURRENT REPORT
  5. Sep 4, 20268-K CURRENT REPORT
  6. Sep 3, 20264
  7. Sep 3, 20264
  8. Aug 31, 20264 PRIMARY DOCUMENT
  9. Aug 28, 20264
  10. Aug 28, 20264
  11. Aug 26, 20263
  12. Aug 20, 20268-K CURRENT REPORT
  13. Aug 14, 2026SCHEDULE 13G/A
  14. Aug 10, 20263
  15. Aug 10, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.1

Sources

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