Royalty Management Holding Corp RMCO
We were a blank check company formed under the laws of the State of Delaware on January 20, 2021 for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses (a "Business Combination"). On October 31, 2023, we consummated a merger with Royalty Management Corporation, an Indiana corporation ("RMC"), whereby RMC became a wholly owned subsidiary of RMHC. Through this combination, RMHC became a royalty company building shareholder value to benefit both its shareholders and communities by acquiring and developing high value assets in a variety of market environments. The model is to acquire and structure cashflow streams around assets that can support the communities by monetizing the current existing cash flow streams while identifying transitionary cash flow from the assets for the future. While we have a generally broad investment mandate across a spectrum of industries, RMHC tends to focus its investments more towards natural resources industries, such as energy and materials needed for infrastructure and high-value commercial and defense puposes, and investments in technologies and intellectual properties that support these industries. Example of these types of investments of the Company include (but are not limited to) investments in intellectual property around the refining of elements and critical minerals, ownership of real estate, infrastructure, permits, and properties that contain coal and other natural resources that can be extracted and mined for a royalty, investments in services businesses that, such as RMC Environmental Services LLC, that support infrastructure expansion, and investment in other companies that participate in natural resources and technologies.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- RMC Environmental Services
- Vault Holding Corporation
- Other
| Segment | FY2025 |
|---|---|
| RMC Environmental Services | $4.9M |
| Vault Holding Corporation | $60.0K |
| Other | $39.6K |
As the company reported it, from the “SEGMENT REPORT (Details 1)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.9M | $807.1K | $488.5K | $178.8K | — | — |
| Cost of revenue | $4.1M | $22.7K | $16.6K | $4.7K | — | — |
| Gross profit | $804.8K | $784.4K | $471.9K | $174.1K | — | — |
| SG&A | $781.8K | $761.4K | $532.8K | $333.2K | $503.1K | — |
| Total operating expenses | $1.1M | $1.1M | $777.6K | -$2.5M | -$1.0M | — |
| Operating income | -$293.6K | -$312.4K | -$305.7K | -$2.3M | — | — |
| Interest expense | $19.1K | $135.4K | $715.1K | $722.7K | — | — |
| Net income | -$726.9K | -$114.3K | -$1.1M | -$2.7M | $2.3M | — |
| EPS, basic | — | — | — | — | 0.21 | — |
| EPS, diluted | -0.05 | -0.01 | -0.08 | — | — | — |
| Shares, diluted (wtd. avg.) | 15.0M | 15.0M | 14.3M | — | 11.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $133.1K | $114.1K | $372.3K | $610.1K | $0 | $0 |
| Receivables | $1.7M | $180.9K | $70.3K | $71.5K | — | — |
| Total current assets | $2.2M | $753.2K | $700.3K | $579.3K | $1.1M | — |
| Property, plant and equipment | $2.2K | $3.8K | $5.4K | $7.0K | — | — |
| Other intangibles | $2.0M | $2.0M | $1.9M | $2.0M | — | — |
| Total assets | $16.7M | $15.0M | $15.0M | $14.0M | $107.2M | — |
| Accounts payable | $1.6M | $105.3K | $96.1K | $0 | $99.0K | — |
| Total current liabilities | $2.0M | $989.9K | $1.4M | $547.0K | $99.0K | — |
| Long-term debt | — | $250.0K | $270.0K | — | — | — |
| Total liabilities | $3.0M | $1.4M | $3.9M | $4.3M | $8.9M | — |
| Retained earnings | $504.7K | $1.2M | $1.3M | -$2.8M | $2.3M | — |
| Total equity | $13.7M | $13.6M | $11.1M | $9.7M | $30.0K | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$9.0K | $646.3K | -$236.9K | $439.7K | -$1.4M | — |
| Depreciation and amortisation | $1.6K | $1.6K | $1.6K | $925 | — | — |
| Investing cash flow | -$237.7K | -$18.6K | -$821.0K | -$3.3M | — | — |
| Financing cash flow | $265.6K | -$690.4K | $820.0K | $3.5M | $107.8M | — |
| Buybacks | $105.0K | $28.7K | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001477932-26-001737.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | $178.8K | $488.5K | $807.1K | $4.9M |
| Gross profit | — | — | $174.1K | $471.9K | $784.4K | $804.8K |
| Net income | — | $2.3M | -$2.7M | -$1.1M | -$114.3K | -$726.9K |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Shareholder vote Item 5.07
- Annual report filed Form 10-K
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Charter or fiscal year changed Item 5.03
- Regulation FD disclosure Item 7.01
- Delisting notice Item 3.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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