# American Resources Corp: overview

AREC · Nasdaq · CIK 1590715 · [Materials](/sectors/materials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/arec.md) · [Financials](/companies/arec/financials.md) · [Filings](/companies/arec/filings.md) · [Insiders](/companies/arec/insiders.md)

Latest reported revenue: [−$45.3k](/filings/0001477932-26-003317.md) for Q4 FY2025, three months to 2025-12-31, from the 10-K filed May 20, 2026 (XBRL us-gaap:Revenues, accession 0001477932-26-003317).

## Last eight quarters

| Line item | Unit | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | period not labelled (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [94.0](/filings/0001477932-25-007745.md) | [4.1](/filings/0001477932-24-005119.md) | [235](/filings/0001477932-25-008406.md) | [(299) d](/filings/0001477932-26-003317.md) | [31.9](/filings/0001477932-25-007745.md) | not reported | [0.2](/filings/0001477932-25-008406.md) | [(45.3) d](/filings/0001477932-26-003317.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(7158.3%)](/filings/0001477932-25-007745.md) | [(152122.5%)](/filings/0001477932-24-005119.md) | [(3750.1%)](/filings/0001477932-25-008406.md) | [(3285.3%) d](/filings/0001477932-26-003317.md) | [(15608.8%)](/filings/0001477932-25-007745.md) | not reported | [(2656743.0%)](/filings/0001477932-25-008406.md) | [(10633.6%) d](/filings/0001477932-26-003317.md) |
| Net margin | % | [(7467.8%)](/filings/0001477932-25-007745.md) | [(170873.1%)](/filings/0001477932-24-007457.md) | [(4513.4%)](/filings/0001477932-25-008406.md) | [3488.9% d](/filings/0001477932-26-003317.md) | [(20847.7%)](/filings/0001477932-25-007745.md) | not reported | [(4667098.8%)](/filings/0001477932-25-008406.md) | [(172890.2%) d](/filings/0001477932-26-003317.md) |
| Diluted EPS | $ per share | [(0.09)](/filings/0001477932-25-007745.md) | not reported | [(0.14)](/filings/0001477932-25-008406.md) | not reported | [(0.08)](/filings/0001477932-25-007745.md) | not reported | [(0.05)](/filings/0001477932-25-008406.md) | not reported |
| Free cash flow | $k | not reported | not reported | [(4,815) d](/filings/0001477932-25-008406.md) | [(4,586) d](/filings/0001477932-25-007744.md) | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Net income: us-gaap:ProfitLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations. Derived values: 6-month figure less the 3-month figure; 9-month figure less the 6-month figure; 12-month figure less the 9-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [7.8](/filings/0001477932-23-002105.md) | [39.5](/filings/0001477932-24-002122.md) | [11.8](/filings/0001477932-25-007744.md) | [0.0](/filings/0001477932-26-003317.md) | [0.0](/filings/0001477932-26-003317.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(365.3%)](/filings/0001477932-23-002105.md) | [(49.4%)](/filings/0001477932-24-002122.md) | [(307.7%)](/filings/0001477932-25-007744.md) | [(41734.7%)](/filings/0001477932-26-003317.md) | not reported |
| Net margin | % | [(419.1%)](/filings/0001477932-23-002105.md) | [(3.7%)](/filings/0001477932-23-002105.md) | [(325.9%)](/filings/0001477932-25-007744.md) | [(115068.9%)](/filings/0001477932-26-003317.md) | not reported |
| Diluted EPS | $ per share | [(0.59)](/filings/0001477932-22-001737.md) | not reported | [(0.51)](/filings/0001477932-25-007744.md) | [(0.51)](/filings/0001477932-26-003317.md) | [0.63](/filings/0001477932-26-003317.md) |
| Free cash flow | $m | not reported | not reported | [(23.1)](/filings/0001477932-25-007744.md) | [(22.3)](/filings/0001477932-25-007744.md) | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/arec/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $14.8m | 6,864,456 |  | Added +5,153,998 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $9.2m | 4,291,830 |  | Added +476,708 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $4.6m | 2,136,179 |  | Added +1,242,748 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $3.9m | 1,794,845 |  | Reduced −555,737 |
| [CITIGROUP INC](/funds/831001.md) | 2026-06-30 | $2.9m | 1,353,069 |  | Reduced −132,174 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $2.6m | 1,230,186 |  | Added +410,727 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $2.4m | 1,116,295 |  | Reduced −969,370 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $2.1m | 957,722 |  | Added +590,800 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $1.4m | 668,039 |  | Added +509,757 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $1.3m | 597,497 |  | New +597,497 |

## Recent filings

[All 578 filings](/companies/arec/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-07 | 20:30 ET | [8-K](/filings/0001654954-26-008834.md) | 3.01 Delisting notice; 9.01 Financial statements and exhibits | 0001654954-26-008834 |
| 2026-10-05 | 20:30 ET | [8-K](/filings/0001654954-26-008801.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 9.01 Financial statements and exhibits | 0001654954-26-008801 |
| 2026-08-26 | 20:30 ET | [8-K](/filings/0001654954-26-007884.md) | 3.01 Delisting notice; 9.01 Financial statements and exhibits | 0001654954-26-007884 |
| 2026-07-29 | 15:28 ET | [8-K/A](/filings/0001477932-26-004585.md) | 4.01 Change of auditor; 4.02 Non-reliance on financial statements; 9.01 Financial statements and exhibits | 0001477932-26-004585 |
| 2026-07-24 | 12:00 ET | [8-K](/filings/0001477932-26-004477.md) | 4.01 Change of auditor; 4.02 Non-reliance on financial statements; 9.01 Financial statements and exhibits | 0001477932-26-004477 |
| 2026-07-24 | 11:45 ET | [8-K](/filings/0001654954-26-006850.md) | 8.01 Other events | 0001654954-26-006850 |
| 2026-07-21 | 13:15 ET | [8-K](/filings/0001654954-26-006764.md) | 8.01 Other events | 0001654954-26-006764 |
| 2026-06-04 | 14:03 ET | [8-K](/filings/0001654954-26-005688.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001654954-26-005688 |
| 2026-05-20 | 22:39 ET | [10-K](/filings/0001477932-26-003317.md) | Annual report, period 2025-12-31 | 0001477932-26-003317 |
| 2026-04-30 | 21:12 ET | [8-K](/filings/0001654954-26-004174.md) | 3.01 Delisting notice; 9.01 Financial statements and exhibits | 0001654954-26-004174 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001477932-26-003317.md), filed May 20, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1590715
- Tickers: AREC
- Exchange: Nasdaq
- SIC code: 1220 Silver Ores
- State of incorporation: FL
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:43 ET. No prices; not investment advice.
