Range Impact Reports 41% Revenue Decline in Q2 2025, Despite Improved Net Loss

Range Impact, Inc. reported its financial results for the second quarter of 2025, revealing a significant decline in revenue compared to the same period last year. For the three months ended June 30, 2025, the company generated revenues of $1.39 million, a decrease of approximately 41% from $2.35 million in the prior year. The gross profit for the quarter was $508,322, contrasting with a gross loss of $148,929 in the same quarter of 2024. The company attributed the revenue decline primarily to its strategic decision to exit the coal mining business in 2024.

In terms of profitability, Range Impact reported a net loss of $798,181 for the second quarter of 2025, an improvement from a net loss of $1,225,681 in the same quarter of 2024. The company’s operating expenses decreased to $624,771 from $697,699 year-over-year, reflecting cost-cutting measures. For the first half of 2025, the company reported a net income of $4.30 million, significantly up from a net loss of $2.44 million in the same period of 2024, largely due to a gain on a bargain purchase related to the acquisition of the Fola mine complex.

Operationally, Range Impact has made significant strides in its strategic developments. The company has reorganized its operations into two segments: Range Land and Range Services. In March 2025, it acquired 120,154 acres at the Fola mine complex, which included 15 mining permits and associated reclamation obligations. This acquisition is expected to enhance the company’s capabilities in land reclamation and water restoration, aligning with its impact investing strategy focused on environmentally sustainable practices.

As of June 30, 2025, Range Impact reported total assets of $58.22 million, a substantial increase from $6.19 million at the end of 2024, primarily due to the Fola acquisition. However, the company also reported total liabilities of $52.31 million, leading to negative working capital of $2.72 million. The company’s cash position was notably low, with only $48,312 available, raising concerns about its ability to sustain operations without additional financing. The company is actively seeking new capital to support its operations and growth strategy.

Looking ahead, Range Impact faces challenges in maintaining its operational momentum and financial stability. The company has indicated that it may not have sufficient funds to operate for the next 12 months without raising additional capital. The management is focused on securing financing to support its ongoing projects and is optimistic about the potential for future growth through its impact investing initiatives. However, the company acknowledges the inherent risks associated with its business model and the need for effective management of its financial resources.