American Resources AREC
NASDAQ AREC
$2.31 -0.14 (-5.71%)
As of: Sep 9, 2026 · 3:59 PM EDT

American Resources (AREC) Operating Expenses (2013 - 2025)

American Resources (AREC) posted Operating Expenses of $6.8 million for Q4 2025, up 54.59% on a QoQ basis from $4.4 million in Q3 2025, and up 166.84% year-over-year from $2.5 million in Q4 2024.

Analysis

American Resources (AREC) Operating Expenses (2013 - 2025) Analysis & Trends

American Resources has reported Operating Expenses for 13 years, with the latest figure at $6.8 million in Q4 2025.

  • On a quarterly basis, Operating Expenses rose 166.84% year-over-year to $6.8 million in Q4 2025; TTM through Dec 2025 was $6.0 million, a 49.62% decrease from a year earlier, with the FY2025 full-year figure at $11.3 million, down 20.66% from the prior year.
  • Operating Expenses was $6.8 million for Q4 2025 at American Resources, up from $4.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $22.9 million in Q4 2023, with the low at -$10.1 million in Q4 2024.
  • Average Operating Expenses over 5 years is $7.8 million, with a median of $9.0 million recorded in 2023.
  • The sharpest annual moves came in 2021 and 2022: Operating Expenses slumped 296.83% in 2021, then soared 440.04% in 2022.
  • Over 5 years, Operating Expenses stood at $13.5 million in 2021, then decreased by 15.18% to $11.4 million in 2022, then jumped by 100.85% to $22.9 million in 2023, then slumped by 144.18% to -$10.1 million in 2024, then surged by 166.84% to $6.8 million in 2025.
  • The last three Operating Expenses figures came in at $6.8 million (Q4 2025), $4.4 million (Q3 2025), and $5.0 million (Q1 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Warrior Met Coal 5.51 Bn 5.19 Bn 169.64 Mn 415.17 Mn
2 Core Natural Resources 4.96 Bn 4.49 Bn 252.03 Mn 985.26 Mn
3 Peabody Energy 3.52 Bn 3.04 Bn - 953.90 Mn
4 Alliance Resource Partners 3.41 Bn 3.30 Bn 210.21 Mn 455.98 Mn
5 Alpha Metallurgical Resources 2.86 Bn 2.52 Bn 49.19 Mn 503.36 Mn
6 Ramaco Resources 836.16 Mn 552.80 Mn 16.62 Mn 163.05 Mn
7 Nacco Industries 316.54 Mn 271.01 Mn 15.20 Mn 19.25 Mn
8 American Resources 185.28 Mn 183.69 Mn -301,480.00 6.78 Mn
9 Coronado Global Resources 23.47 Mn -74.23 Mn 156.53 Mn 558.65 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 6.78 Mn
Sep 30, 2025 4.38 Mn
Mar 31, 2025 5.02 Mn
Dec 31, 2024 -10.14 Mn
Sep 30, 2024 9.06 Mn
Jun 30, 2024 6.23 Mn
Mar 31, 2024 6.82 Mn
Dec 31, 2023 22.95 Mn
Sep 30, 2023 4.74 Mn
Jun 30, 2023 9.01 Mn
Mar 31, 2023 11.50 Mn
Dec 31, 2022 11.42 Mn
Sep 30, 2022 14.14 Mn
Jun 30, 2022 20.33 Mn
Mar 31, 2022 13.06 Mn
Dec 31, 2021 13.47 Mn
Sep 30, 2021 10.66 Mn
Jun 30, 2021 -5.98 Mn
Mar 31, 2021 -5.98 Mn
Dec 31, 2020 7.16 Mn