Range Impact, Inc. Reports Revenue Decline and Improved Net Income in Q3 2025

Range Impact, Inc. reported its financial results for the third quarter of 2025, revealing a significant decline in revenue and a notable improvement in net income compared to the same period last year. For the three months ended September 30, 2025, the company generated revenues of $778,767, a decrease of 64% from $2,171,655 in the same quarter of 2024. The gross loss for the quarter was $191,728, compared to a gross loss of $392,928 in the prior year. However, the company reported a net loss of $633,381, a substantial improvement from the net loss of $4,920,338 recorded in the third quarter of 2024.

Over the nine-month period ending September 30, 2025, Range Impact's revenues totaled $2,865,950, down from $8,431,286 in the same period of 2024. The company achieved a gross profit of $320,445, contrasting with a gross loss of $523,003 in the previous year. The net income for the nine months was $3,668,065, a significant turnaround from a net loss of $7,359,859 in 2024. This improvement was largely attributed to a gain on a bargain purchase of $5,602,484 related to the acquisition of the Fola Mine, which also contributed to the company's asset base.

Strategically, Range Impact has undergone significant changes, including the acquisition of the Fola Mine complex in March 2025, which encompasses 120,154 acres and includes 15 mining permits with substantial reclamation obligations. The company also completed the Winoc Acquisition in June 2025, further expanding its operational footprint. As of September 30, 2025, Range Impact's total assets surged to $57.6 million, primarily due to the land acquisitions, compared to $6.2 million at the end of 2024. The company’s liabilities also increased significantly, with total liabilities reaching $51.7 million, largely driven by asset retirement obligations.

Operationally, Range Impact has shifted its focus to two primary segments: Range Land and Range Services. The company reported a total of 10 full-time employees as of November 14, 2025, reflecting a lean operational structure. The company’s strategy emphasizes impact investing, particularly in economically disadvantaged regions of Appalachia, where it aims to reclaim and repurpose former mining sites. The company is actively seeking additional financing to support its operations, as it anticipates that its current cash balance of $285,388 may not be sufficient to sustain operations over the next 12 months.

Looking ahead, Range Impact faces challenges related to its liquidity and the need for additional capital to fund its operations. The company has expressed concerns about its ability to continue as a going concern, given its accumulated deficit of $53.2 million and the need to generate sufficient cash flow from operations. The management is focused on securing financing and exploring strategic opportunities to enhance its operational capabilities and financial stability.