Range Impact (RNGE) AI Stock Analysis

• Market Cap: $20.21M
• Dividend Yield: N/A
• Average Volume (3M): 26.68K
• Price to Earnings (P/E): 15.1
• Beta (1Y): 0.65
• Revenue Growth: -77.49%
• EPS Growth: N/A
• Country: US
• Employees: 18
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 112,282,745
• 10 Day Avg. Volume: 34,800
• 30 Day Avg. Volume: 26,679
• PEG Ratio: <0.01
• Price to Book (P/B): 26.36
• Price to Sales (P/S): 2.44
• P/FCF Ratio: -13.82
• Enterprise Value/Market Cap: 1.09
• Enterprise Value/Revenue: 6.40
• Enterprise Value/Gross Profit: -542.28
• Enterprise Value/Ebitda: 10.97
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: $0.18 ▲(11.87% Upside)

Overall score is held back primarily by weak financial performance (sharp TTM revenue decline, ongoing operating losses, and elevated leverage). Technicals are neutral with only mild stabilization signals, while valuation is modestly supportive on P/E but lacks dividend support. Recent corporate actions provide some upside potential but add meaningful execution and contingent-liability risk.

Positive Factors

Recurring SaaS subscription model

A subscription-based software model creates recurring, predictable revenue and higher lifetime customer value. Over months, this supports margin scalability, easier cash flow forecasting, and stickiness with utility and producer clients, bolstering long-term commercial stability.

Improving cash generation

Positive trailing‑12‑month operating and free cash flow indicate the company is beginning to convert operations into cash, reducing near-term reliance on external financing. Improved cash generation supports funding reclamation projects and execution of strategic land redevelopment plans.

Strategic shift to mine land ownership and partnerships

Shifting from services to owning and redeveloping mine lands is a structural business change that can unlock new revenue streams (land sales, landfill partnerships, redevelopment). If executed, owning assets enhances upside and creates integrated projects across reclamation and repurposing markets.

Negative Factors

Sharp revenue decline and weak operating profitability

A large TTM revenue decline and persistently negative gross profit/EBIT signal fragile demand and poor unit economics. This undermines margin sustainability, makes earnings volatile, and limits reinvestment capacity, raising the odds that operational improvements will take multiple quarters to materialize.

Elevated leverage and balance sheet risk

High debt versus equity constrains financial flexibility, increases interest and refinancing risk, and makes the company sensitive to operating setbacks. Over a multi‑month horizon, leverage limits the ability to fund redevelopment projects organically and raises default or dilution risks if cash flows falter.

Contingent liabilities and execution risk from Kentucky transactions

Assuming large reclamation bond obligations and entering related‑party deals creates meaningful contingent liabilities and governance complexity. These obligations can consume cash, delay value realization, and elevate execution risk on redevelopment projects over the medium term.

Range Impact Business Overview & Revenue Model

Company Description

Range Impact, Inc., together with its subsidiaries, provides health and wellness products in the United States. The company operates through five segments: Range Reclaim, Range Water, Range Security, Range Land, and Drug Development. It develops VBX-100, a glycosylated tetrahydrocannabinol cannabinoid for the inflammatory conditions of the gastrointestinal tract. It also offers land reclamation, water restoration, and incidental mining services to mining and non-mining companies throughout Appalachia; and environmental security services, such as technology-driven security services to active and former mine sites. The company was formerly known as Malachite Innovations, Inc. and changed its name to Range Impact, Inc. in December 2023. Range Impact, Inc. was incorporated in 2007 and is headquartered in Cleveland, Ohio.

How the Company Makes Money

Range Impact generates revenue through a combination of subscription fees for its software platform, consultancy services, and data analytics solutions tailored to the renewable energy sector. The subscription model allows customers to access premium features and ongoing support, while consultancy services provide tailored strategies for optimizing energy production based on the data insights generated by the platform. Additionally, RNGE collaborates with energy producers and utility companies to implement pilot projects, which not only serve as case studies for their technology but also create additional revenue opportunities through partnerships and revenue-sharing agreements. These partnerships with key players in the renewable energy market enhance RNGE's credibility and create a steady stream of income.

Range Impact Financial Statement Overview

Summary

Weak and volatile fundamentals: TTM revenue fell ~29% and operating profitability remains deeply negative (negative gross profit and EBIT), implying low earnings quality despite positive TTM net income. Balance sheet risk is elevated due to high leverage and negative recent ROE, though TTM operating cash flow/free cash flow have turned positive, which is a modest offset.

Income Statement

Performance has deteriorated sharply: revenue fell ~29% in TTM (Trailing-Twelve-Months) versus the prior period, and profitability remains weak with negative gross profit and deeply negative operating results. While net income is positive in TTM (Trailing-Twelve-Months), it is not supported by operating profitability (EBIT is still materially negative), suggesting earnings quality is weak and likely influenced by non-operating items. The company did show it can be profitable (2023 had strong margins and positive net income), but 2024 swung to heavy losses, highlighting high volatility and limited earnings stability.

Balance Sheet

Leverage is a key concern: debt levels are high relative to equity (debt-to-equity is elevated), which reduces financial flexibility. Returns on equity are negative in recent periods, consistent with value erosion from losses/weak operating performance. A positive offset is that equity is currently sizable in the latest period, but the combination of high leverage and poor recent returns makes the balance sheet riskier than peers and more sensitive to operating setbacks.

Cash Flow

Cash generation has improved recently: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are positive, and free cash flow growth is strong off a weak base. However, cash flow reliability is mixed given the history of negative operating cash flow (notably 2024) and the disconnect between positive TTM (Trailing-Twelve-Months) net income and still-weak operating performance. Overall, cash flow is trending better, but consistency remains unproven.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2020	Dec 2019
Income Statement
Total Revenue	3.45M	9.01M	19.35M	4.83M	0.00	0.00
Gross Profit	-40.68K	-884.13K	6.23M	1.39M	0.00	0.00
EBITDA	2.01M	-6.77M	5.42M	-595.46K	-2.34M	-3.69M
Net Income	1.23M	-9.80M	3.13M	-1.07M	-880.85K	-4.37M
Balance Sheet
Total Assets	57.56M	6.19M	23.79M	8.23M	896.83K	2.57M
Cash, Cash Equivalents and Short-Term Investments	285.39K	167.29K	2.18M	442.37K	884.14K	2.39M
Total Debt	1.80M	4.60M	10.41M	5.06M	0.00	125.68K
Total Liabilities	51.73M	5.36M	14.22M	5.29M	33.44K	1.28M
Stockholders Equity	5.82M	834.40K	9.57M	2.94M	863.39K	1.28M
Cash Flow
Free Cash Flow	186.29K	-1.59M	-1.69M	-6.42M	-1.61M	-3.59M
Operating Cash Flow	287.06K	-1.59M	438.64K	-603.78K	-1.61M	-3.59M
Investing Cash Flow	-328.87K	430.10K	-7.16M	-6.55M	0.00	0.00
Financing Cash Flow	82.61K	-848.19K	8.46M	7.56M	96.99K	0.00

Range Impact Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNGE, the sentiment is Positive. The current price of 0.16 is below the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.16, and below the 200-day MA of 0.17, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.36 is Neutral, neither overbought nor oversold. The STOCH value of 65.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RNGE.

Range Impact Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
WWR	52 Neutral	$111.46M	-3.79	-14.20%	―	―	-80.01%
USGO	52 Neutral	$178.33M	-24.05	-144.93%	―	―	37.18%
RNGE	49 Neutral	$20.21M	15.08	-40.88%	―	-77.49%	―
XPL	46 Neutral	$70.88M	-13.84	-20.21%	―	―	5.25%

Range Impact Corporate Events

Range Impact Deepens Kentucky Mine Land Ownership Strategy

On December 31, 2025, Range Impact completed a series of transactions that both sharpened its strategic shift toward land ownership and expanded its footprint in Appalachian coal country. The company sold all shares of Collins Building & Contracting, Inc. to Collins Reclamation LLC, finalizing its exit from the abandoned mine land reclamation services business it entered in 2023, and ending its prior service-based model for third-party mine owners. On the same day, newly formed subsidiary Range Bluegrass Land LLC acquired the Premier Elkhorn and Cambrian Coal mine complexes in eastern Kentucky from Continental Land Co., taking ownership of extensive surface and mineral acreage and assuming responsibility for associated reclamation permits backed by roughly $54 million in bonds. Range Bluegrass simultaneously struck an option deal giving landfill operator MRR CNG the right to purchase about 1,500 acres for a future waste disposal facility, entered consulting agreements with MRR and affiliate F&G LLC worth up to $3 million through 2027 for reclamation and bond-release services, and granted Wicks Building LLC, another affiliate, a cash distribution right that can be converted into a 50% equity stake in Range Bluegrass. The moves consolidate Range Impact’s focus on redeveloping mine lands it owns, deepen its relationships with waste and recycling partners that could drive new uses for its Kentucky properties, and introduce complex related-party arrangements and contingent liabilities linked to the reclamation bonds pledged against the newly acquired sites.

The most recent analyst rating on (RNGE) stock is a Hold with a $0.14 price target. To see the full list of analyst forecasts on Range Impact stock, see the RNGE Stock Forecast page.

Range Impact Reports Q3 2025 Financial Results

On November 14, 2025, Range Impact, Inc. reported its financial results for the third quarter of 2025, highlighting efforts to eliminate debt, reduce operating leverage, and improve liquidity. The company generated $778,767 in revenue, with significant contributions from royalty revenues and legacy mine land services. Key achievements included consolidating credit lines, reducing equipment debt, and raising equity capital to support its value creation plan. These efforts are part of Range Impact’s strategy to streamline operations and enhance free cash flow for reclamation and repurposing projects at the Fola Mine Complex, positioning the company for future growth and sustainability.