Filing Flows › Ramaco Resources (METC) › Q2 2025
Ramaco Resources (METC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Ramaco Resources (METC) reported revenue of $153M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +14% from the quarter before. Operating margin was -9.1%, net loss $14.0M (9.1% of revenue).
Ramaco Resources, Q2 2025: revenue $153M (-2% year over year), operating margin -9.1%, net loss $14.0M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $153M | +14% | -2% |
| Operating profit | −$13.8M | — | — |
| Net earnings | −$14.0M | — | — |
| Operating cash flow | −$4.3M | -116% | — |
What changed
Revenue was $153.0M in Q2 2025, down 2% year over year and up 14% from the previous quarter. Export revenue, excluding Canada was the largest line at 58% of revenue. Export revenue, excluding Canada lost $10.6M year over year (down 11%), 452% of the total change.
Operating costs exceeded revenue by $13.8M, an operating margin of -9.1%. Total costs grew 11% against a revenue fall of 2%. The fastest-growing cost line was SG&A (+39%). The quarter ended with a net loss of $14.0M, wider than the previous quarter's $9.5M loss.
Operating cash flow was −$4.3M. Non-cash charges added back $17.0M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $12.1M. Capital expenditures of $17.0M exceeded it, leaving free cash flow of −$21.2M.
Questions
What was Ramaco Resources' revenue in the second quarter 2025?
Ramaco Resources (METC) reported revenue of $153M for the second quarter 2025 (Q2 2025), -2% from a year earlier and +14% from the quarter before.
Was Ramaco Resources profitable in the second quarter 2025?
Operating loss was $13.8M (-9.1% of revenue) and net loss $14.0M.
Source: Ramaco Resources 10-Q on SEC EDGAR.