Royalty Management Holding Corp
For the period ended Mar 31, 2026. Filed May 14, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 2026
RMCO$2.19+3.8%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-09-30; filed 2025-11-13.
0001477932-25-008191
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-03-31; filed 2026-05-14.
0001477932-26-003143
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 20 previous paragraphs and 19 current paragraphs.
12 unchanged; 5 reworded; 2 added; 2 removed; 1 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
Our total operating revenues for the three months ended March 31, 2026 and 2025, were $1,636,154 and $923,223, respectively. The increase is due to increased volume for our environmental services subsidiary. There was a new contract services agreement signed by RMC Environmental Services effective February 1, 2025. This new contract significantly increased the revenue for this subsidiary.
Current report
Our total cost of revenues for the three months ended March 31, 2026 and 2025, were $1,427,448 and $669,900, respectively. The increase is due to increased volume for our environmental services subsidiary. The significant increase in expense is also due to the new contract services agreement signed effective February 1, 2025.
Removed paragraphs (2)
Previous report
Our total operating revenues for the three and nine months ended September 30, 2025, were $1,302,815 and $3,553,219, respectively, and $145,632 and $561,956, respectively for the three and nine months ended September 30, 2024. Our revenues are derived from income received from our various investments and the majority of the increase in revenue over the period was primarily due to additional business obtained through the Company’s wholly owned subsidiary, RMC Environmental Services LLC, which signed a new contractor services agreement with a new customer.
Previous report
Our total cost of revenues for the three and nine months ended September 30, 2025, were $1,156,678 and $2,923,888, respectively and $5,460 and $21,532, respectively for the three and nine months ended September 30, 2024. The primary driver in this increase is the result of the new business contract with RMC Environmental services mentioned above.
Reworded paragraphs (5)
Previous wording
Our total operating expenses for the three and nine months ended September 30, 2025, were $244,507 and $887,060, respectively and $309,644 and $830,996, respectively for the three and nine months ended September 30, 2024. There was a decrease to total operating expenses during the three months ended September 30, 2025 due to a decrease in general and administrative and professional fees. There was an increase in total operating expenses for the nine months ended September 30, 2025 due to an increase in general and administrative expenses and professional fees.
Current wording
Total operating expenses for the three months ended March 31, 2026 and 2025, were $295,514 and $364,534, respectively. The decrease was due to a decrease in general and administrative expenses.
Previous wording
Total other expenses and income for the three months ended September 30, 2025 and 2024, were other expenses of $110,725 and other income of $50,315, respectively. Total other expenses and income for the nine months ended September 30, 2025 and 2024, were other expenses of $59,650 and other income of $207,412, respectively. The primary reasons for the decrease were due to losses on warrant fair value adjustment and a decrease in interest expense due to lower note balances during 2025.
Current wording
Total other income and expenses for the three months ended March 31, 2026 and 2025, $565,550 of other expenses and $52,456 of other income, respectively. The primary reasons for the decrease were due to a large loss on warrant fair value adjustment.
Previous wording
Total net loss for the three and nine months ended September 30, 2025, were $209,095 and $317,378, respectively. Total net loss for the three and nine months ended September 30, 2024, were $119,156 and $83,160, respectively.
Current wording
Total net loss for the three months ended March 31, 2026 and 2025, were $652,358 and $58,755, respectively.
Previous wording
The Company’s primary use of positive cash flow has been to provide capital for new investments, increase investment into existing holdings of the Company, discretionary repurchase of Company stock under the existing share repurchase program, pay our quarterly dividend of $0.025 per share, and fund corporate holding and public company costs. As of September 30, 2025, the Company had retained earnings of $914,210. While the Company may have limited financial resources, management believes it has sufficient liquidity to accomplish its primary uses of capital from cash flow. As of September 30, 2025, the Company has positive working capital of $239,111, a cash balance of $173,174 and positive total cash flow of $59,036 for the nine months ended September 30, 2025. In order to execute on its investment and growth plans, the Company will likely be required to raise additional proceeds, through the issuance of equity or debt securities. See Note 9 to the Company’s consolidated financial statements for more information on its Debt Facilities.
Current wording
The Company’s primary use of positive cash flow has been to fund corporate holding and public company costs. As of March 31, 2026, the Company has positive working capital of $459,982, a cash balance of $343,949 and positive total cash flow of $210,885. Despite recurring losses, management believes that the Company has sufficient liquidity to meet its obligations through the twelve months. In order to execute on its investment and growth plans, the Company will likely be required to raise additional proceeds, through the issuance of equity or debt securities. While we anticipate generating sufficient cash flow from operations to meet our obligations and plans, if necessary, we can reduce investment expenditures or seek alternative financing to enhance our liquidity position.
Previous wording
We paid dividends totaling $36,928 ($0.0025 per share) for the Company’s third quarter 2025 dividend payment (for the three months ended September 30, 2025). On January 30, 2025, our Board of Directors authorized the Company to pay a $0.01 per share dividend for the next four calendar quarters starting on June 30, 2025 and ending on June 30, 2026, and may continue to authorize additional dividend payments thereafter.
Current wording
We paid dividends totaling $37,852 on January 10, 2026 ($0.0025 per share) for the Company’s fourth quarter 2025 dividend payment (for the three months ended December 31, 2025). On January 30, 2025, our Board of Directors authorized the Company to pay a $0.01 per share dividend for the next four calendar quarters starting on June 30, 2025 and ending on June 30, 2026. On March 27, 2026 the Board authorized the Company to continue the quarterly dividend for the periods June 30, 2026 and ending on June 30, 2027, and may continue to authorize additional dividend payments thereafter.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations