American Resources (AREC) Operating Expenses (2014 - 2025)

American Resources' Operating Expenses history runs 12 years deep, the most recent figure standing at -$4.9 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 51.99% year-over-year to -$4.9 million; the TTM figure through Dec 2025 stood at -$5.6 million (down 146.79% YoY), while the FY2025 annual figure was $11.3 million, down 20.66% from the prior year.
• Operating Expenses was -$4.9 million for Q4 2025 at American Resources, down from $4.4 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $22.9 million in Q4 2023 to a low of -$10.1 million in Q4 2024.
• Historically, Operating Expenses has averaged $7.1 million across 5 years, with a median of $9.0 million in 2023.
• The sharpest annual moves came in 2021 and 2022: Operating Expenses tumbled 296.83% in 2021, then surged 440.04% in 2022.
• A 5-year view of Operating Expenses shows it stood at $13.5 million in 2021, then retreated by 15.18% to $11.4 million in 2022, then soared by 100.85% to $22.9 million in 2023, then tumbled by 144.18% to -$10.1 million in 2024, then surged by 51.99% to -$4.9 million in 2025.
• The last three Operating Expenses figures came in at -$4.9 million (Q4 2025), $4.4 million (Q3 2025), and $5.0 million (Q1 2025), per Business Quant data.