Filing Flows › Ramaco Resources (METC) › Q1 2025
Ramaco Resources (METC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Ramaco Resources (METC) reported revenue of $135M for the first quarter 2025 (Q1 2025), -22% from a year earlier and -21% from the quarter before. Operating margin was -8.9%, net loss $9.5M (7.0% of revenue).
Ramaco Resources, Q1 2025: revenue $135M (-22% year over year), operating margin -8.9%, net loss $9.5M, operating cash flow $26.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $135M | -21% | -22% |
| Operating profit | −$12.0M | -289% | — |
| Net earnings | −$9.5M | -345% | — |
| Operating cash flow | $26.0M | +66% | +3% |
| Free cash flow | $7.6M | +49% | +17% |
What changed
Revenue was $134.7M in Q1 2025, down 22% year over year and down 21% from the previous quarter. Export revenue, excluding Canada was the largest line at 67% of revenue. Export revenue, excluding Canada lost $27.9M year over year (down 24%), 73% of the total change.
Operating costs exceeded revenue by $12.0M, an operating margin of -8.9%. Total costs fell 13% while revenue fell 22%. The fastest-growing cost line was Other operating costs (+15%). The quarter ended with a net loss of $9.5M, after a profit of $3.9M the previous quarter.
Operating cash flow was $26.0M (up 3% year over year). Non-cash charges added back $17.5M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $14.6M. Capital expenditures of $18.5M left free cash flow of $7.6M.
Questions
What was Ramaco Resources' revenue in the first quarter 2025?
Ramaco Resources (METC) reported revenue of $135M for the first quarter 2025 (Q1 2025), -22% from a year earlier and -21% from the quarter before.
Was Ramaco Resources profitable in the first quarter 2025?
Operating loss was $12.0M (-8.9% of revenue) and net loss $9.5M.
Source: Ramaco Resources 10-Q on SEC EDGAR.