American Resources (AREC) Research & Development (2016 - 2025)
American Resources' Research & Development came in at -$934,204 for Q4 2025, compared with -$1 million a year earlier.
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Analysis
American Resources (AREC) Research & Development (2016 - 2025) Analysis & Trends
For FY2025, American Resources' Research & Development was $107,507, down 75.3% from FY2024.
- Research & Development has declined in each of the last three years, with a five-year compound annual growth rate of -51.5% (FY2020 to FY2025).
- Going back by year, Research & Development was $434,793 in FY2024 (-96.2%), $11.31 million in FY2023 (-59.8%), $28.13 million in FY2022 (+55.5%) and $18.1 million in FY2021 (+352.6%).
- The five-year range for quarterly Research & Development is -$1 million (Q4 2024) to $11.53 million (Q2 2022).
- The fastest year-over-year change in Research & Development over five years came in Q2 2021 (growth of 894.5%), and the weakest in Q1 2024 (a decline of 92.9%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cameco | 37.75 Bn | 33.53 Bn | 190.14 Mn | 9.71 Mn |
| 2 | NexGen Energy | 6.02 Bn | 3.55 Bn | - | - |
| 3 | Uranium Energy | 4.67 Bn | 3.09 Bn | 10.03 Mn | 14.29 Mn |
| 4 | Warrior Met Coal | 4.65 Bn | 3.35 Bn | 169.64 Mn | - |
| 5 | Core Natural Resources | 4.28 Bn | 2.51 Bn | 252.03 Mn | - |
| 6 | Alliance Resource Partners | 3.13 Bn | 2.82 Bn | 202.70 Mn | - |
| 7 | Peabody Energy | 2.97 Bn | 826.26 Mn | - | - |
| 8 | Energy Fuels | 2.76 Bn | -178.71 Mn | 14.42 Mn | 8.44 Mn |
| 9 | Centrus Energy | 2.68 Bn | -4.64 Bn | 49.90 Mn | 10.80 Mn |
| 10 | American Resources | 136.48 Mn | 134.89 Mn | -301,480.00 | -934,204.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -934,204.00 |
| Sep 30, 2025 | 385,451.00 |
| Mar 31, 2025 | 325,503.00 |
| Dec 31, 2024 | -1.00 Mn |
| Sep 30, 2024 | 731,596.00 |
| Jun 30, 2024 | 1.20 Mn |
| Mar 31, 2024 | 402,388.00 |
| Dec 31, 2023 | 1.45 Mn |
| Sep 30, 2023 | 1.33 Mn |
| Jun 30, 2023 | 2.67 Mn |
| Mar 31, 2023 | 5.63 Mn |
| Dec 31, 2022 | 6.13 Mn |
| Sep 30, 2022 | 3.69 Mn |
| Jun 30, 2022 | 11.53 Mn |
| Mar 31, 2022 | 6.78 Mn |
| Dec 31, 2021 | 8.09 Mn |
| Sep 30, 2021 | 5.14 Mn |
| Jun 30, 2021 | 3.06 Mn |
| Mar 31, 2021 | 1.81 Mn |
| Dec 31, 2020 | 2.77 Mn |
API Access
American Resources Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=AREC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "AREC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=AREC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();