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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $144.80M | $121.61M | $128.01M | $121.00M | $152.96M | $134.66M | $170.89M | $167.41M |
| Cost of revenue | $128.18M | $108.51M | $107.06M | $101.84M | $134.18M | $114.13M | $136.08M | $134.73M |
| Gross profit | $16.62M | $13.10M | $20.94M | $19.15M | $18.78M | $20.52M | $34.81M | $32.68M |
| Gross margin | 11.5% | 10.8% | 16.4% | 15.8% | 12.3% | 15.2% | 20.4% | 19.5% |
| Selling, general and administrative | $17.58M | $20.29M | $19.61M | $16.14M | $15.18M | $14.60M | $11.35M | $12.92M |
| Operating expenses | $34.87M | $37.40M | $36.55M | $33.64M | $32.62M | $32.55M | $28.46M | $31.09M |
| Operating income | −$18.25M | −$24.31M | −$15.61M | −$14.48M | −$13.84M | −$12.02M | $6.35M | $1.59M |
| Operating margin | -12.6% | -20.0% | -12.2% | -12.0% | -9.1% | -8.9% | 3.7% | 1.0% |
| EBITDA | −$954.00K | −$7.69M | $877.00K | $2.61M | $3.60M | $5.52M | $23.06M | $19.41M |
| Interest income | $0 | −$334.00K | −$7.80M | — | $0 | −$2.23M | −$6.12M | — |
| Interest expense | −$1.52M | $0 | $7.30M | −$2.25M | −$2.82M | $0 | $4.51M | −$1.70M |
| Income before taxes | −$19.58M | −$24.15M | −$15.78M | −$16.61M | −$16.00M | −$13.75M | $6.07M | −$178.00K |
| Income taxes | −$4.16M | −$5.84M | −$1.08M | −$3.30M | −$2.03M | −$4.29M | $2.21M | $61.00K |
| Net income | −$15.42M | −$18.32M | −$14.71M | −$13.31M | −$13.97M | −$9.46M | $3.86M | −$239.00K |
| Net margin | -10.6% | -15.1% | -11.5% | -11.0% | -9.1% | -7.0% | 2.3% | -0.1% |
| EPS, basic | −$0.26 | −$0.30 | −$0.26 | −$0.25 | −$0.29 | −$0.19 | $0.06 | −$0.03 |
| EPS, diluted | −$0.26 | −$0.30 | −$0.31 | −$0.25 | −$0.29 | −$0.19 | $0.08 | −$0.03 |
| Diluted shares | 53.21M | 55.45M | 45.74M | 50.38M | 43.85M | 53.00M | 35.90M | 43.38M |
Figures describe Ramaco Resources shares, not any token. As of Aug 5, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.