7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
      
    		                               
      cash flows from (used in) operating activities:
    		                               
      net income
    		-13,310,000 -13,974,000 -9,457,000 3,858,000 -239,000 5,541,000 2,032,000 30,038,000 19,462,000 7,556,000 25,257,000 14,386,000 26,905,000 33,280,000 41,471,000 18,639,000 7,035,000 9,942,000 4,143,000 -4,745,000 -4,776,000 2,652,000 1,962,000 1,888,000 5,550,000 10,613,000 6,883,000 3,392,959 6,211,328 10,203,436 5,266,277 
      adjustments to reconcile net income to net cash from operating activities:
    		                               
      accretion of asset retirement obligations
    		402,000 402,000 402,000 402,000 354,000 355,000 354,000 354,000 349,000 350,000 350,000 -370,000 495,000 755,000 235,000 154,000 156,000 154,000 151,000 142,000 128,000 159,000 141,000 128,000 127,000 128,000 128,000 123,597 123,468 123,467 123,468 
      depreciation, depletion, and amortization
    		17,091,000 17,038,000 17,542,000 16,706,000 17,811,000 15,878,000 15,220,000 14,402,000 14,443,000 13,555,000 11,852,000                     
      amortization of debt issuance costs
    		868,000 358,000 353,000 270,000 223,000 234,000 207,000 210,000 209,000 208,000 149,000 124,000 124,000 122,000 121,000 118,000 67,000 15,000 14,000 15,000 14,000 15,000 14,000 15,000 15,000 14,000 14,000 162,956 218,911 138,758 48,375 
      stock-based compensation
    		4,731,000 4,752,000 3,361,000 4,211,000 3,970,000 4,583,000 4,702,000 3,199,000 3,201,000 3,568,000 2,937,000 2,030,000 2,019,000 2,286,000 1,887,000 1,341,000 1,342,000 1,522,000 1,055,000 1,021,000 1,090,000 1,106,000 923,000 1,002,000   894,000     
      (gain)/loss on disposal of equipment
    		                               
      deferred income taxes
    		-3,303,000 -1,670,000 -4,668,000 1,454,000 -167,000 2,316,000 -1,928,000 8,666,000 3,428,000 4,466,000 2,154,000 17,650,000 5,131,000 1,433,000 5,015,000 2,994,000 1,588,000 228,000 -166,000 -3,466,000 -1,407,000 1,260,000 110,000 595,000 1,132,000       
      changes in operating assets and liabilities:
    		                               
      accounts receivable
    		12,331,000 -3,821,000 21,460,000 -10,677,000 6,708,000 33,926,000 -6,673,000 -33,232,000 -4,661,000 12,126,000 -29,925,000 9,184,000 2,388,000 -5,099,000 -3,194,000 -6,861,000 -23,710,000 7,861,000 -1,444,000 987,000 -5,485,000 -1,381,000 4,836,000 10,798,000 -3,955,000 1,186,000 -16,556,000 20,559,523 -3,022,318 -4,769,603 -16,330,602 
      prepaid expenses and other current assets
    		1,832,000 729,000 5,429,000 -4,026,000 3,200,000 -3,767,000 6,462,000 4,246,000 5,009,000 327,000 4,779,000 -15,620,000 -230,000 -335,000 1,807,000 -92,000 887,000 3,597,000 1,127,000 356,000 -599,000 1,783,000 -554,000 893,000        
      inventories
    		-22,264,000 -3,187,000 -12,765,000 9,693,000 -655,000 -11,116,000 -4,117,000 13,079,000 17,183,000 -16,454,000 -5,998,000 -4,945,000 -7,640,000 -12,845,000 -3,752,000 -1,911,000 5,695,000 4,615,000 -12,243,000 11,341,000 2,167,000 -1,997,000 -8,197,000 -2,617,000 3,949,000 -1,566,000 -842,000 -6,233,827 3,343,636 -1,163,177 -73,632 
      other assets and liabilities
    		504,000 464,000 -1,253,000 -478,000 211,000 -2,221,000 -494,000 386,000 141,000 -134,000 -823,000 1,036,000 -1,172,000 1,854,000 -591,000 364,000 1,018,000 -38,000 -220,000 -116,000 -782,000 -158,000 -214,000 55,000   144,000  -100,272   
      accounts payable
    		-11,141,000 -2,318,000 9,809,000 -7,410,000 7,966,000 -11,691,000 6,301,000 5,296,000 6,223,000 -872,000 13,902,000 295,000 2,372,000 -8,593,000 18,653,000 -9,335,000 2,953,000 -762,000 5,324,000 -656,000 3,086,000 -2,326,000 2,649,000 -2,022,000 -1,170,000 38,000 -4,159,000 -6,756,807 3,895,395 -7,221,258 8,561,670 
      accrued liabilities
    		10,818,000 -3,033,000 -4,174,000 1,679,000 -2,001,000 371,000 3,145,000 196,000 7,887,000 5,456,000 -3,272,000                     
      net cash from operating activities
    		-1,441,000 -4,260,000 26,039,000 15,682,000 37,381,000 34,414,000 25,188,000 41,560,000 69,898,000 28,216,000 21,362,000 29,071,000 49,498,000 31,932,000 77,369,000 15,583,000 4,835,000 32,423,000 499,000 12,365,000 -5,886,000 417,000 6,416,000 16,754,000 12,514,000 19,005,000 -5,891,000 15,564,514 12,362,803 4,674,322 3,436,361 
      cash flows from (used in) investing activities:
    		                               
      capital expenditures
    		-16,100,000 -15,566,000 -18,473,000 -9,604,000 -12,799,000 -14,103,000 -18,730,000 -17,980,000 -16,908,000 -24,470,000 -23,546,000 -31,628,000 -37,577,000 -34,065,000 -19,742,000                 
      free cash flows
    		-17,541,000 -19,826,000 7,566,000 6,078,000 24,582,000 20,311,000 6,458,000 23,580,000 52,990,000 3,746,000 -2,184,000 -2,557,000 11,921,000 -2,133,000 57,627,000                 
      maben preparation plant capital expenditures
    		-526,000 418,000 -1,840,000 -1,318,000 -4,986,000                           
      capitalized interest
    		-226,000 -186,000 -527,000                             
      mineral rights acquisition
    		                               
      other
    		442,000 1,235,000 -1,416,000 -737,000 0 5,000 -23,000  2,976,000                       
      net cash from investing activities
    		-19,788,000 -14,099,000 -22,256,000 -12,733,000 -18,119,000 -21,318,000 -18,665,000 -14,445,000 -13,932,000 -21,470,000 -22,364,000 -33,871,000 -48,292,000 -43,803,000 -19,742,000 -41,971,000 -9,091,000 -4,826,000 -3,725,000     -11,679,000 -14,306,000 -11,538,000 -8,199,000 -8,253,859 -12,405,268 -14,708,770 -7,569,103 
      cash flows from (used in) financing activities:
    		                               
      proceeds from equity offering
    		                               
      payment of equity offering costs
    		                               
      proceeds from senior notes
    		                               
      proceeds from borrowings
    		5,000,000 28,000,000 19,000,000 5,000,000 40,000,000 45,000,000 51,500,000 35,000,000 17,500,000 32,500,000 45,000,000 25,000,000 15,663,000 0 1,337,000 3,823,000 36,445,000 2,500,000 11,600,000 4,500,000 16,100,000 7,243,000 22,200,000 15,700,000 13,750,000 17,800,000 26,500,000     
      repayment of borrowings
    		-30,086,000 -19,086,000 -3,110,000 -48,045,000 -45,892,000 -48,612,000 -55,417,000 -40,289,000 -44,637,000 -18,443,000 -24,145,000 -8,960,000 -7,659,000 -6,888,000 -2,519,000 -1,400,000   -8,208,000 -13,001,000 -10,993,000 -12,071,000 -9,533,000 -19,534,000 -12,001,000       
      repayments of senior notes
    		                               
      proceeds from stock options exercised
    		   0                            
      payment of dividends
    		0 -1,864,000 -2,476,000 -128,000 -7,971,000 -8,184,000 -8,319,000 -7,771,000 -6,941,000 -5,552,000 -5,556,000 -5,045,000 -5,000,000 -4,998,000 -4,998,000                 
      repayments of insurance financing
    		-145,000 -1,937,000 -1,937,000 -1,508,000 -434,000 -1,799,000 -1,799,000 -1,359,000 -847,000 -1,568,000 -1,433,000                     
      repayments of equipment finance leases
    		-2,895,000 -2,090,000 -2,056,000 -1,896,000 -2,230,000 -2,433,000 -2,077,000 -1,705,000 -1,856,000 -1,352,000 -1,746,000                     
      payment of debt issuance costs
    		                            -140,750 -171,100 -257,440 
      shares surrendered for withholding taxes payable
    		-811,000 0 -2,680,000 -735,000 -7,976,000 0 -1,870,000 -1,994,000 -144,000 -5,064,000 -115,000                     
      net cash from financing activities
    		186,945,000   7,191,000 -23,969,000 -16,028,000 -17,982,000 -28,118,000 -46,925,000 -9,479,000 2,005,000 -6,629,000 1,949,000 -15,895,000 -7,920,000 1,522,000 31,757,000 -13,925,000 3,015,000 -9,255,000 5,013,000 3,142,000 12,386,000 -4,137,000 1,749,000 -3,865,000 9,078,000 -5,841,897 -386,560 8,622,187 5,522,270 
      net change in cash and cash equivalents and restricted cash
    		165,716,000 -15,336,000 10,457,000 10,140,000 -4,707,000 -2,932,000 -11,459,000 -1,003,000 9,041,000 -2,733,000 1,003,000 -11,429,000 3,155,000 -27,766,000 49,707,000 -24,866,000 27,501,000 13,672,000 -211,000 -1,128,000 -3,369,000 -5,560,000 9,902,000         
      cash and cash equivalents and restricted cash, beginning of period
    		0 0 33,823,000 0 0 0 42,781,000 0 0 0 36,473,000 0 0 0 22,806,000 0 0 0 6,710,000 0 0 0 6,865,000         
      cash and cash equivalents and restricted cash, end of period
    		165,716,000 -15,336,000 44,280,000 10,140,000 -4,707,000 -2,932,000 31,322,000 -1,003,000 9,041,000 -2,733,000 37,476,000 -11,429,000 3,155,000 -27,766,000 72,513,000 -24,866,000 27,501,000 13,672,000 6,499,000 -1,128,000 -3,369,000 -5,560,000 16,767,000         
      cash and cash equivalents
    		                               
      restricted cash
    		                               
      total cash, cash equivalents and restricted cash
    		                               
      supplemental cash flow information:
    		                               
      non-cash investing and financing activities:
    		                               
      leased assets obtained under new financing leases
    		2,319,000 2,077,000 8,831,000 2,813,000 398,000 -1,000 8,790,000 0 -1,730,000 6,920,000 954,000 3,629,000 635,000 0 3,624,000 845,000 3,416,000               
      capital expenditures included in accounts payable and accrued liabilities
    		-3,497,000 -907,000 13,060,000 7,863,000 -1,984,000 -140,000 6,708,000 -5,971,000 -3,705,000 803,000 13,812,000                     
      accrued dividends and dividend equivalents payable
    		2,000 0 32,000 6,350,000 438,000 264,000 33,000                         
      ​
    		                               
      payments of debt issuance costs
    		 0 -67,000                             
      tax liability on shares surrendered by employees
    		                               
      cash flows from operating activities:
    		                               
      cash flows from investing activities:
    		                               
      cash flows from financing activities:
    		                               
      net cash from (used) for financing activities
    		  6,674,000                             
      other income - gain on insurance recoveries
    		                               
      other income - gain on sale of mineral rights
    		           0 0                   
      acquisition of ramaco coal assets
    		           0 0                   
      acquisition of maben assets
    		       0                        
      proceeds from sale of mineral rights
    		           0 0                   
      insurance proceeds related to property, plant, and equipment
    		                               
      proceeds from issuance of senior note debt
    		                               
      repayment of ramaco coal acquisition financing - related party
    		       -10,000,000 -10,000,000 -10,000,000 -10,000,000                     
      cash paid for interest
    		           1,317,000 2,040,000 1,737,000 903,000 749,000 433,000 233,000 186,000 275,000 288,000 290,000 242,000 178,000 253,000       
      cash paid for income taxes
    		                               
      cash received for income tax refund
    		                               
      financed equipment purchases
    		           679,000                    
      ramaco coal acquisition financing
    		                               
      maben coal acquisition financing
    		                               
      financed insurance
    		       5,396,000 1,000 -1,000 407,000                     
      the accompanying notes are an integral part of these consolidated financial statements
    		                               
      loss on disposal of equipment
    		                               
      other income - employee retention tax credit
    		               0 -91,000 -2,854,000 -2,462,000             
      acquisition of amonate assets
    		                               
      payments of debt issuance cost
    		               0                
      accrued dividends payable
    		       6,465,000 229,000   530,000                    
      other income
    		        -2,976,000                       
      cash flow from investing activities:
    		                               
      maben acquisition bond recovery
    		         0 1,182,000                     
      accrued dividends payable adjustment
    		          322,000                     
      other income - ppp loan
    		                   0 -1,139,000           
      accrued expenses
    		           -6,751,000 7,671,000 11,404,000 7,037,000 2,828,000 1,144,000 2,188,000 -935,000 2,175,000 -3,441,000 1,268,000 -256,000 584,000 1,767,000 264,000 1,031,000 1,464,401 -2,194,575 2,717,664 3,563,510 
      acquisition of maben coal assets
    		                               
      proceeds from ppp loan
    		                   0 0           
      cash paid for taxes
    		           0 2,500,000                   
      capital expenditures included in accounts payable and accrued expenses
    		           4,400,000 -6,605,000 2,550,000 13,059,000 3,524,000 1,357,000 858,000 913,000 595,000 481,000 -2,537,000 2,689,000 -1,166,000        
      depreciation and amortization
    		            11,435,000 9,783,000 8,680,000 7,344,000 6,751,000 5,955,000 6,155,000 5,311,000 5,258,000 5,341,000 5,002,000 5,230,000 5,353,000 4,822,000 4,116,000 3,682,341 3,347,777 2,955,382 2,437,500 
      proceeds from stock option exercises
    		                               
      repayments of financed insurance payable
    		            -70,000 -105,000 -105,000 0 -111,000 -374,000 -377,000 -726,000 -94,000 -281,000 -281,000 -283,000 0 -116,000 -171,000 -316,187 -245,810 -206,713 -220,290 
      repayments of financing leased equipment
    		            -1,042,000 -1,083,000 -1,635,000 -689,000 -844,000               
      restricted stock surrendered for withholding taxes payable
    		            -50,000   -212,000 0   -28,000 0           
      ramaco coal acquisition
    		            0                   
      maben coal acquisition
    		                               
      additional asset retirement obligations incurred
    		            2,974,000 780,000 928,000 6,605,000 90,000 119,000 26,000 -86,000 155,000 8,000 9,000 277,000        
      purchases of property, plant and equipment
    		               -11,824,000 -9,091,000 -4,826,000 -3,725,000 -4,238,000 -2,496,000 -9,119,000 -8,900,000 -11,679,000 -14,306,000 -11,538,000 -8,199,000 -8,253,998 -12,405,268 -14,708,770 -12,768,964 
      dividend accrued not paid
    		                               
      cash flows from operating activities
    		                               
      cash flows from financing activities
    		                               
      repayments of borrowings
    		                          -17,251,000     
      proceeds from maturities of investment securities
    		                           139 0 0 5,199,861 
      proceeds from notes payable - related party
    		                               
      repayment of notes payable - related party
    		                               
      proceeds from issuance of common stock
    		                               
      payments of equity offering costs
    		                               
      repayments to ramaco coal, llc
    		                               
      payment of distributions
    		                               
      advanced coal royalties
    		                        -137,000 13,000 -81,000  -253,405   
      net change in cash and cash equivalents
    		                        -43,000 3,602,000 -5,012,000 1,468,758 -429,025 -1,412,261 1,389,528 
      cash and cash equivalents, beginning of period
    		                        0 0 6,951,000  0 0 5,934,043 
      cash and cash equivalents, end of period
    		                        -43,000 3,602,000 1,939,000  -429,025 -1,412,261 7,323,571 
      equity-based compensation
    		                           697,823   550,805 
      prepaid expenses
    		                         354,000 1,196,000 167,529 35,410 486,659 -1,463,598 
      other assets
    		                              44,123 
      additional asset retirement obligations acquired or incurred
    		                               
      adjustments to reconcile net income to net cash from operating activities
    		                               
      deferred income tax expense
    		                          1,341,000  62,762 677,252 708,465 
      changes in operating assets and liabilities
    		                               
      cash flow from investing activities
    		                               
      costs associated with abandoned offering
    		                               
      acquisition of knox creek
    		                               
      purchase of investment securities
    		                               
      proceeds from notes payable
    		                           0 0 7,000,000 6,000,000 
      repayment of notes payable
    		                               
      proceeds from issuance of series a preferred units
    		                               
      offering costs for series a preferred units
    		                               
      advances from ramaco coal, llc
    		                               
      contributed capital from members
    		                               
      cash and cash equivalents, beginning of year
    		                               
      cash and cash equivalents, end of year
    		                               
      proceeds from notes payable to related party
    		                            0   
      repayment of note payable
    		                            0   
      payment of note payable
    		                               
      proceeds from withdrawal of investments restricted for surety bond
    		                               
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.