RMCO on Nasdaq

Royalty Management Holding Corp

Royalty Management Holding Corp is an American patent owners and lessors company, incorporated in Delaware.1 It is headquartered in Fishers, Indiana.1 Its shares trade on Nasdaq under the symbol RMCO.1

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Last updated Oct 20, 2026.

Overview

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  • TickerRMCO on Nasdaq1
  • IndustryPatent Owners & Lessors1
  • HeadquartersFishers, Indiana1
  • Incorporated inDE2
  • Business address12115 Visionary Way Suite 174, Fishers, In 460382
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

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All references to “we,” “us,” “our,” “RMHC” “Royalty”, or the “Company” in this Annual Report on Form 10-K mean Royalty Management Holding Corporation.4 From its latest annual report

Financials

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

Key numbers, fiscal 2025

16.3%Gross margin5
-5.9%Operating margin5
-14.7%Net margin5
513.3%Revenue growth, 20255
-5.3%Return on equity5

What sells

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

Business segments

RMC Environmental Services brought in 97% of the revenue Royalty Management Holding Corp broke down this way in fiscal 2025.

  1. RMC Environmental Services$4.9M597%up 607% from 2024
  2. Vault Holding Corporation$60.0K51%up 0% from 2024
  3. Vault Holding Corporations$60.0K51%up 0% from 2024
  4. Royalty Management Corporation Investments$39.6K51%down 35% from 2024
Business segments by year
Business segments20242025
RMC Environmental Services$686.2K$4.9M
Vault Holding Corporation$60.0K$60.0K
Vault Holding Corporations$60.0K$60.0K
Royalty Management Corporation Investments$60.9K$39.6K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue84¢$4.1M
  • Other costs16¢$804.8K

Out of $4.9M in revenue.5 The company lost money this year.

Financial statements

Revenue675$4.9M in 2025+2668% since 2022
0$2.0M$4.0M$6.0M2022: $178.8K$178.8K20222023: $488.5K$488.5K2023+173%2024: $807.1K$807.1K2024+65%2025: $4.9M$4.9M2025+513%
Gross profit675$804.8K in 2025+362% since 2022
0$250.0K$500.0K$750.0K$1.0M2022: $174.1K$174.1K20222023: $471.9K$471.9K2023+171%2024: $784.4K$784.4K2024+66%2025: $804.8K$804.8K2025+3%
Operating income675-$293.6K in 2025−87% since 2022
-$3.0M-$2.0M-$1.0M02022: -$2.3M-$2.3M20222023: -$305.7K-$305.7K2023−87%2024: -$312.4K-$312.4K2024+2%2025: -$293.6K-$293.6K2025−6%
Net income8675-$726.9K in 2025
-$4.0M-$2.0M0$2.0M$4.0M2021: $2.3M$2.3M20212022: -$2.7M-$2.7M20222023: -$1.1M-$1.1M2023−59%2024: -$114.3K-$114.3K2024−90%2025: -$726.9K-$726.9K2025+536%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Environmental Services$4.9M$686.2K
Fee Income$9.6K$30.9K
Rental Income$90.0K$90.0K
TOTAL REVENUE$4.9M$807.1K
Cost of Revenue-$4.1M-$22.7K
GROSS PROFIT$804.8K$784.4K
Intangibles Amortization Expense-$56.8K-$56.8K
Depreciation Expense-$1.6K-$1.6K
General and Administrative Expenses-$781.8K-$761.4K
Professional Fees-$258.1K-$276.9K
Total Operating Expenses-$1.1M-$1.1M
NET LOSS FROM OPERATIONS-$293.6K-$312.4K
Interest Income$157.2K$152.1K
Income from Investment$12.7K$5.5K
Gain (Loss) on Warrant Fair Value Adjustment-$584.1K$175.9K
Interest Expense-$19.1K-$135.4K
Total Other Income (Expense)-$433.3K$198.1K
NET LOSS-$726.9K-$114.3K
Weighted Average Shares Outstanding, Basic and Diluted15.0M shares15.0M shares
Basic and Diluted Net Income Per Ordinary Share-$0.05-$0.01

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Corporate structure

Royalty Management Holding Corp sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Royalty Management Holding Corp

  • White River Holdings LLC Filed SCHEDULE 13G on Royalty Management Holding Corp, latest Sep 10, 2026 (3 filings since Nov 8, 2023)
  • Midwest General Investment Co LLC Filed SCHEDULE 13G on Royalty Management Holding Corp, latest Sep 3, 2026 (2 filings since Nov 8, 2023)
  • Liberty Hill Capital Management, LLC Filed SCHEDULE 13G on Royalty Management Holding Corp, latest Aug 31, 2026 (2 filings since Nov 8, 2023)
  • First Frontier Capital LLC Filed SCHEDULE 13G on Royalty Management Holding Corp, latest Aug 21, 2026 (2 filings since Nov 8, 2023)
  • White River Ventures LLC Filed SCHEDULE 13G on Royalty Management Holding Corp, latest Aug 21, 2026 (2 filings since Nov 8, 2023)
  • AQR CAPITAL MANAGEMENT LLC Filed SC 13G/A on Royalty Management Holding Corp, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • Sculptor Capital LP Filed SC 13G/A on Royalty Management Holding Corp, latest Feb 14, 2024 (2 filings since Mar 22, 2023)
  • Harraden Circle Investments, LLC Filed SC 13G/A on Royalty Management Holding Corp, latest Feb 15, 2023 (2 filings since Jul 11, 2022)
  • ATW SPAC MANAGEMENT LLC Filed SC 13G/A on Royalty Management Holding Corp, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • CVI Investments, Inc. Filed SC 13G/A on Royalty Management Holding Corp, latest Feb 14, 2023
  • Polar Asset Management Partners Inc. Filed SC 13G/A on Royalty Management Holding Corp, latest Feb 13, 2023 (2 filings since Feb 7, 2022)
  • BOOTHBAY FUND MANAGEMENT, LLC Filed SC 13G/A on Royalty Management Holding Corp, latest Jan 27, 2023
  • Royalty Management Holding Corp Fishers, Indiana
    • Royalty Management Corporation Subsidiary · Indiana, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Royalty Management Holding Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$7.9K7 Dec 31, 2024$7.9K7 Dec 31, 20230%
Property and equipment, before depreciation$7.9K5 Dec 31, 2025$7.9K5 Dec 31, 20240%
Property and equipment, net$2.2K5 Dec 31, 2025$3.8K5 Dec 31, 2024−41.4%
Operating-lease assets (leased space)$301.8K5 Dec 31, 2025$355.7K5 Dec 31, 2024−15.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$133.1K5 Dec 31, 2025$114.1K5 Dec 31, 2024+16.6%
Stakes in other companies (equity method)$10.2M5 Dec 31, 2025$10.2M5 Dec 31, 2024+0.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$2.0M7 Dec 31, 2024$1.9M7 Dec 31, 2023+3.6%
Accumulated amortization$192.2K5 Dec 31, 2025$135.3K5 Dec 31, 2024+42.0%
Finite-lived intangibles, net$2.0M5 Dec 31, 2025$2.0M5 Dec 31, 2024−0.1%

Properties, in its own words

We lease an office from an affiliated entity, Land Resources & Royalties LLC (or “LRR”), located in Hazard, Kentucky. We pay $250 a month, plus common charges, in rent with an initial lease term of 10 years.

We sublease an office from an affiliated entity, American Resources Corporation (or “ARC”), located in Fishers, Indiana. Historically, we have paid $2,143 a month in rent, but starting January 2024 that rent was lowered to $1,500 per month, with an initial lease term of 10 years.

The rest of Item 2

We lease land from an affiliated entity, LRR, located in Pike County, Kentucky. We pay $2,000 a month in rent with an initial lease term of 21 years.

We lease land from an affiliated entity, LRR, located in Hamilton County, Indiana. We pay a minimum of $2,000 a month in rent or 20% of the immediately prior month’s total monthly gross revenues from the lessee’s operations. The initial lease term is 5 years.

Item 2 of the 10-K filed Mar 31, 2026.4

Leadership

Who has led Royalty Management Holding Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark C. Jensen2021
  2. Thomas M. Sauve2023–2025

Chair

  1. Mark C. Jensen2021
2025
Board members and other officers (1)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Royalty Management Corporation Indiana3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • American Acquisition Opportunity Inc.Feb 5, 2021 to Oct 30, 20232

Timeline

  1. Jul 1, 20268-K Shareholder vote15
  2. Jun 26, 20258-K Listing notice or transfer16
  3. Jun 24, 20258-K Shareholder vote17
  4. Mar 31, 20258-K Bylaws or fiscal year changed; Regulation FD disclosure18
  5. Mar 27, 20258-K Bylaws or fiscal year changed; Regulation FD disclosure19
  6. Feb 13, 20258-K Listing notice or transfer20
  7. Feb 5, 20258-K Executive or director change; Regulation FD disclosure21
  8. Jan 29, 20258-K Listing notice or transfer22
  9. Jan 13, 20258-K Other events23
  10. Nov 12, 20248-K Listing notice or transfer24
  11. Oct 31, 20248-K Listing notice or transfer25
  12. Sep 3, 20248-K Bylaws or fiscal year changed26
  13. Nov 2, 2023New chief executive Thomas M. Sauve becomes CEO12
  14. Mar 17, 2021New chief executive Mark C. Jensen becomes CEO13

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.01) a share, on Nov 13, 2025.27
  2. Dec 31, 2026Dividend Ex-dividend; $0.0025 a share; paid 2027-01-11.28

When it reported results

  1. May 28, 2024Reported quarterly or annual results29

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

177 filings to the SEC since October 2021: 8 annual reports, 20 quarterly reports, 39 major events, 10 insider forms, 27 large holders, 73 other. The latest 20:

  1. Sep 10, 2026SCHEDULE 13G EDGAR
  2. Sep 3, 2026SCHEDULE 13G EDGAR
  3. Aug 31, 2026SCHEDULE 13G EDGAR
  4. Aug 21, 2026SCHEDULE 13G EDGAR
  5. Aug 21, 2026SCHEDULE 13G EDGAR
  6. Aug 13, 202610-Q EDGAR
  7. Jul 1, 20268-K EDGAR
  8. May 15, 2026DEF 14A EDGAR
  9. May 14, 202610-Q EDGAR
  10. May 4, 2026PRE 14A EDGAR
  11. Mar 31, 202610-K EDGAR
  12. Nov 13, 202510-Q EDGAR
  13. Aug 11, 202510-Q EDGAR
  14. Jun 26, 20258-K EDGAR
  15. Jun 24, 20258-K EDGAR
  16. Jun 18, 2025EFFECT EDGAR
  17. Jun 13, 2025CORRESP EDGAR
  18. Jun 9, 2025UPLOAD EDGAR
  19. Jun 6, 2025DEF 14A EDGAR
  20. Jun 2, 2025S-3 EDGAR

The 177 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 5 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 2, 2025Sauve Thomas M.Chief Executive OfficerBuy7,500$1.04$7.8KForm 4
Dec 2, 2024Sauve Thomas M.Chief Executive OfficerBuy7,500$0.99$7.4KForm 4
Nov 1, 2024Sauve Thomas M.Chief Executive OfficerBuy7,500$1.09$8.2KForm 4
Oct 1, 2024Sauve Thomas M.Chief Executive OfficerBuy7,500$0.96$7.2KForm 4
Sep 3, 2024Sauve Thomas M.Chief Executive OfficerBuy7,500$0.90$6.8KForm 4
Mar 21, 2023AQR Arbitrage LLC10% ownerSale149,850$10.25$1.5MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Amanda Kruse40$100.0K45
2025Thomas Sauve47$100.0K45
2024Chief Executive Officer$100.0K45

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC124,818$327.0K0.0%+11,475
Geode Capital Management, LLC73,824$193.4K0.0%+3,889
Vanguard Fiduciary Trust Co47,230$123.7K0.0%No change
Blair William & Co/il27,982$73.3K0.0%+4,200
BlackRock, Inc.27,603$72.3K0.0%New
Citadel Advisors LLC24,668$64.6K0.0%−10,282
BRC Group Holdings, Inc.20,000$52.4K0.0%No change
State Street Corp13,089$34.3K0.0%No change
Wolverine Asset Management LLC2,397$6.3K0.0%+227
UBS Group AG2,138$5.6K0.0%−1,598
Tower Research Capital LLC (TRC)1,471$3.9K0.0%−371
SBI Securities Co., Ltd.1,001$2.6K0.0%+1,000
Barclays PLC16$420.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Royalty Management Holding Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRoyalty Management Holding Corp1
  • CIK0001843656
  • Employer ID (EIN)86-15997594
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inFlorida4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6794 Patent Owners & Lessors1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address12115 Visionary Way Suite 174, Fishers, IN 460381
  • Phone31731857371
  • Shares outstanding15,172,708 as of Aug 12, 202610
  • Public float$15.1M as of Jun 30, 20254
  • AuditorCM3 Advisory, San Diego, California PCAOB ID 6866; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 5, 20211
  • Filings201 in all: 8-K (41), 10-Q (17), CORRESP (17), UPLOAD (14), S-4/A (10), SC 13G (10), SC 13G/A (9), 4 (7)1
    All 35 form types

    NT 10-Q (7), PRE 14A (7), 3 (6), DEF 14A (6), 10-K (5), 10-Q/A (5), SC 13D (5), SCHEDULE 13G (5), 10-K/A (3), 425 (3), EFFECT (3), S-1/A (3), 424B4 (2), 8-K/A (2), S-1 (2), 25-NSE (1), 424B3 (1), 8-A12B (1), CERT (1), DEF 14C (1), DEFA14A (1), NT 10-K (1), PRE 14C (1), S-3 (1), S-4 (1), SCHEDULE 13D/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) May 15, 2026
    Latest 8-K (8-K) Jul 1, 2026

Securities registered for trading

ClassSymbolExchange
Common stock par value $0.0001 per shareRMCONasdaq
Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per shareRMCOWNasdaq

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

Legal proceedings

To the knowledge of our management, there is no litigation currently pending or contemplated against us, any of our officers or directors in their capacity as such or against any of our property.

The opening of Item 3, Legal Proceedings.4

Sources

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