Recently, Amendola et al. proposed a geometrical theory of gravity containing higher-order derivative terms. The authors introduced anticurvature scalar $(A)$, which is the trace of the inverse of the Ricci tensor ($A^{mu u} = R_{mu u}^{-1}$). In this work, we consider two classes of Ricci-inverse -- Class I and Class II -- models. Class I models are of the form $f(R, A)$ where $f$ is a function of Ricci and anticurvature scalars. Class II models are of the form ${cal F}(R, A^{mu u}A_{mu u})$ where ${cal F}$ is a function of Ricci scalar and square of anticurvature tensor. For both these classes of models, we numerically solve the modified Friedmann equations in the redshift range $1500 < z < 0$. We show that the late-time evolution of the Universe, i.e., evolution from matter-dominated epoch to accelerated expansion epoch, can not be explained by these two classes of models. Using the reduced action approach, we show why we can not bypass the no-go theorem for Ricci-inverse gravity models. Finally, we discuss the implications of our analysis for the early-Universe cosmology.