Range Impact (OTC: RNGE) swings to $19.2M 2025 profit with asset growth
Rhea-AI Filing Summary
Range Impact, Inc. reported a sharp turnaround for the fiscal year ended December 31, 2025, moving from a net loss of $9.8 million in 2024 to net income of $19.2 million in 2025, helped by bargain purchase gains.
Revenue from continuing operations rose from $0 in 2024 to $3.7 million in 2025 as the company shifted from a service-focused model to land ownership and leasing. Total assets increased from $6.2 million to $123.2 million, while shareholders’ equity grew from $0.8 million to $37.8 million.
During 2025, Range Impact acquired two large coal mine complexes, expanding owned mineral interests from 50 acres to over 150,000 acres and surface land from 1,800 acres to approximately 30,000 acres. It also assumed or managed 76 mining permits with an estimated $79.3 million in future reclamation obligations and reduced bond obligations at the Fola Mine by about $2.3 million. The company reported federal net operating loss carryforwards of $23.5 million and state carryforwards of $18.4 million as of December 31, 2025.
Positive
- Strong profitability turnaround: Net income improved from a loss of $9.8 million in 2024 to a gain of $19.2 million in 2025, an overall year-over-year improvement of $29.0 million, driven in part by bargain purchase gains.
- Rapid revenue and balance sheet growth: Revenue from continuing operations rose from $0 to $3.7 million, while total assets increased from $6.2 million to $123.2 million and shareholders’ equity from $0.8 million to $37.8 million in 2025.
- Strategic asset expansion: The company acquired two large coal mine complexes, expanding mineral interests from 50 acres to over 150,000 acres and surface land from 1,800 acres to approximately 30,000 acres for redevelopment.
- Tax asset base: Net operating loss carryforwards of $23.5 million for federal and $18.4 million for state purposes as of December 31, 2025 may offset future taxable income if earnings persist.
Negative
- Large reclamation obligations: Ownership or management of 76 mining permits in West Virginia and Kentucky is associated with an estimated $79.3 million in future reclamation obligations, representing a significant long-term liability profile.
Insights
Range Impact posts a major 2025 turnaround with rapid asset growth and sizable reclamation obligations.
Range Impact transformed its financial profile in 2025. Revenue from continuing operations reached $3.7 million after being zero in 2024, and net income swung from a $9.8 million loss to a $19.2 million profit, including bargain purchase gains.
The balance sheet expanded significantly, with total assets rising from $6.2 million to $123.2 million and shareholders’ equity increasing from $0.8 million to $37.8 million. This reflects acquisitions of two large coal mine complexes, over 150,000 acres of mineral interests, and roughly 30,000 acres of surface land.
At the same time, the company assumed or manages 76 mining permits tied to an estimated $79.3 million in future reclamation obligations, partially offset by a $2.3 million reduction in Fola Mine bond obligations during 2025. The disclosed federal and state net operating loss carryforwards, totaling $41.9 million, may help reduce future tax burdens if profitability continues.
8-K Event Classification
Key Figures
Key Terms
bargain purchase gains financial
reclamation obligations financial
net operating loss carryforwards financial
forward-looking statements regulatory
Regulation FD regulatory
emerging growth company regulatory
Offering Details
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 2.02 Results of Operations and Financial Condition
Press Release
On March 30, 2026, the Company issued a press release reporting its financial results for the fiscal year ended December 31, 2025.
A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 8.01 Other Events.
The information set forth in Item 2.02 above is hereby incorporated by reference into this Item 8.01 in its entirety.
The information in this Item 8.01 (including Exhibit 99.1) is furnished pursuant to Item 8.01 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This Current Report will not be deemed an admission as to the materiality of any information in this Current Report that is required to be disclosed solely by Regulation FD.
Portions of this Current Report may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Although the Company believes any such statements are based on reasonable assumptions, there is no assurance that the actual outcomes will not be materially different due to a number of factors. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Litigation Reform Act of 1995. Additional information about significant risks that may impact the Company is contained in the Company’s filings with the Securities and Exchange Commission and may be accessed at www.sec.gov. The Company is under no obligation, and expressly disclaims any obligation, to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release dated March 30, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| RANGE IMPACT, INC. | ||
| Dated: March 30, 2026 | By: | /s/ Michael Cavanaugh |
| Name: | Michael Cavanaugh | |
| Title: | Chief Executive Officer | |
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Press Release dated March 30, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
Exhibit 99.1
Range Impact Reports Full Year 2025 Financial Results
CLEVELAND, OHIO – (March 30, 2026) – Range Impact, Inc. (OTC: RNGE) (“Range Impact” or the “Company”), a public company dedicated to acquiring, reclaiming and repurposing distressed coal mine properties throughout Appalachia, reported its results for the fiscal year ended December 31, 2025.
Range Impact’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 was filed with the Securities and Exchange Commission on March 30, 2026 and is available for viewing at https://rangeimpact.com/investors/. Since the information provided in this press release is limited to selected financial and operational information, shareholders and interested parties are encouraged to read Range Impact’s full Annual Report available on its website.
Full Year 2025 Highlights
| ○ | Acquired two large coal mine complexes in Appalachia increasing the Company’s owned mineral interests from 50 acres to over 150,000 acres of metallurgical and thermal coal reserves | |
| ○ | Acquired over 28,000 acres of surface interests increasing the Company’s land ownership from 1,800 acres to approximately 30,000 acres of land for redevelopment purposes | |
| ○ | Acquired ownership of or management responsibility for 76 mining permits in West Virginia and Kentucky along with the associated $79.3 million in estimated future reclamation obligations | |
|
○ |
Increased revenues from continuing operations from $0 in 2024 to $3.7 million in 2025 | |
| ○ | Increased net income from a loss of $9.8 million in 2024 to a gain of $19.2 million in 2025, including bargain purchase gains - an overall year-over-year improvement of $29.0 million | |
|
○ |
Increased total assets from $6.2 million at December 31, 2024 to $123.2 million at December 31, 2025 | |
| ○ | Increased shareholders’ equity from $0.8 million in 2024 to $37.8 million in 2025 | |
| ○ | Reduced bond obligations at the Fola Mine by approximately $2.3 million during 2025 | |
| ○ | Has net operating loss carryforwards of $23.5 million for federal purposes and $18.4 million for state purposes as of December 31, 2025, which may be used to offset future taxable income |
Michael Cavanaugh, Range Impact’s Chief Executive Officer, stated, “2025 represented a significant period of progress and strategic development for Range, evidenced by our acquisition of two large coal mine complexes and the divestiture of our non-core reclamation services business for third parties.” Cavanaugh added, “We have secured new sources of revenue through leases with coal mining partners and established strong relationships with commercial partners for the redevelopment and repurposing of our reclaimed coal mine land. We remain very enthusiastic about the current trajectory of Range and our evolution from a service-based business to a land ownership business focused on unlocking the underlying value of land we own through our own reclamation activities.”
About Range Impact, Inc.
Headquartered in Cleveland, Ohio, Range Impact is a public company (OTC: RNGE) dedicated to improving the health and wellness of people and the planet through a novel and innovative approach to impact investing. Range Impact seeks to develop long-term solutions to environmental, social, and economic challenges, with a particular focus on acquiring, reclaiming and repurposing mine sites and other undervalued land in economically disadvantaged communities throughout Appalachia. Range Impact takes an opportunistic approach to impact investing by leveraging its competitive advantages and looking to solve old problems in new ways. Range Impact seeks to thoughtfully allocate its capital into strategic opportunities that are expected to make a positive impact on the people-planet ecosystem and generate strong investment returns for its shareholders.
Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements” as that term is defined in Section 27(a) of the Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Although we believe that these statements are based on reasonable assumptions, they are subject to numerous factors that could cause actual outcomes and results to be materially different from those indicated in such statements. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies, timing of clinical trials and product development, business strategy and new lines of business. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Range Impact, Inc.
Investor Relations
P: +1 (216) 304-6556
E: ir@rangeimpact.com
W: www.rangeimpact.com