Royalty Management Holding Corp
For the period ended Jun 30, 2026. Filed Aug 13, 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.
Jun 30, 2026 · Filed Aug 13, 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 2026-03-31; filed 2026-05-14.
0001477932-26-003143
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-13.
0001477932-26-004929
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 19 previous paragraphs and 19 current paragraphs.
11 unchanged; 7 reworded; 1 added; 1 removed; 0 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 (1)
Current report
Our total cost of revenues for the three and six months ended June 30, 2026, were $1,678,936 and $3,106,384, respectively and $1,101,994 and $1,767,209, respectively for the three and six months ended June 30, 2025. The primary driver in this increase is the result of the new business contract with RMC Environmental services mentioned above.
Removed paragraphs (1)
Previous 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.
Reworded paragraphs (7)
Previous wording
American Acquisition Opportunity Inc was a blank check company organized on January 20, 2021 under the laws of the State of Delaware and effectuated its combination with Royalty Management Corporation (“RMC”) on October 31, 2023 and at that point changed its name to Royalty Management Holding Corporation (“RMHC” or the “Company”). On March 20, 2025, the Company changed its state of incorporation from the State of Delaware to State of Florida. The Company’s business model is to invest or purchase assets that have near and medium-term income potential to provide RMC with accretive cash flow from which it can reinvest in new assets or expand cash flow from those existing assets. These assets typically are natural resources assets (including real estate and mining permits), patents, intellectual property, and emerging technologies.
Current wording
American Acquisition Opportunity Inc was a blank check company organized on January 20, 2021 under the laws of the State of Delaware and effectuated its combination with Royalty Management Corporation (“RMC”) on October 31, 2023 and at that point changed its name to Royalty Management Holding Corporation (“RMHC” or the “Company”). On March 20, 2025, the Company changed its state of incorporation from the State of Delaware to State of Florida. The Company’s business model is to invest or purchase assets that have near and medium-term income potential to provide RMC with accretive cash flow from which it can reinvest in new assets or expand cash flow from those existing assets. These assets typically are natural resources assets (including land and mining permits), patents, intellectual property, and emerging technologies.
Previous wording
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 wording
Our total operating revenues for the three and six months ended June 30, 2026, were $1,831,814 and $3,467,969, respectively, and $1,327,181 and $2,250,405, respectively for the three and six months ended June 30, 2025. 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.
Previous 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.
Current wording
Our total operating expenses for the three and six months ended June 30, 2026, were $243,502 and $539,017, respectively and $273,334 and $642,554, respectively for the three and six months ended June 30, 2025. The decrease was due to a decrease in general and administrative expenses in both three and six month periods.
Previous 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.
Current wording
Total other income and expenses for the three months ended June 30, 2026 and 2025, were other income of $465,844 and other expenses of $1,381, respectively. Total other expenses and income for the six months ended June 30, 2026 and 2025, were other expenses of $99,706 and other income of $51,075, respectively. The primary reasons for the fluctuations were due to gains and losses on warrant fair value adjustment.
Previous wording
Total net loss for the three months ended March 31, 2026 and 2025, were $652,358 and $58,755, respectively.
Current wording
Total net income (loss) for the three and six months ended June 30, 2026, were net income of $375,220 and net loss of $277,138, respectively. Total net loss for the three and six months ended June 30, 2025, were $49,528 and $108,283, respectively.
Previous 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.
Current wording
The Company’s primary use of positive cash flow has been to fund corporate holding and public company costs. As of June 30, 2026, the Company has positive working capital of $646,236, a cash balance of $275,916 and positive total cash flow of $124,052. 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 $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.
Current wording
We paid dividends totaling $37,898 on April 10, 2026 ($0.0025 per share) for the Company’s first quarter 2026 dividend payment (for the three months ended March 31, 2026). 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.