MP Materials Corp. (MP)

MP Income Statement

Revenue, expenses, and profitability analysis

MP Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	347.569M	132.922M	103.701M	53.553M	57.393M	60.810M	60.986M	62.927M	31.258M
Cost of Goods Sold	263.589M	74.245M	69.659M	48.477M	71.208M	70.215M	80.381M	76.610M	59.673M
Gross Profit	83.980M	58.677M	34.042M	5.076M	-13.815M	-9.405M	-19.395M	-13.683M	-28.415M
Gross Profit Margin	44.1%	44.1%	32.8%	9.5%	-24.1%	-15.5%	-31.8%	-21.7%	-90.9%
Total Operating Expenses	220.989M	84.545M	34.278M	72.099M	30.067M	25.373M	24.567M	25.857M	25.077M
Research & Development	6.613M	1.905M	2.212M	0.00	2.496M	474K	1.164M	2.051M	1.886M
Selling, General & Administrative	121.540M	33.640M	32.066M	28.405M	27.429M	24.166M	19.073M	21.525M	21.434M
Operating Income (EBIT)	-137.009M	-25.868M	-236K	-67.023M	-43.882M	-34.778M	-43.962M	-39.540M	-53.492M
Operating Margin	-19.5%	-19.5%	-0.2%	-125.2%	-76.5%	-57.2%	-72.1%	-62.8%	-171.1%
Income Before Tax (EBT)	-104.241M	-13.642M	10.557M	-58.432M	-42.724M	-27.175M	-33.961M	-34.866M	-48.153M
Interest Income	59.053M	15.603M	18.790M	16.514M	8.146M	8.565M	10.083M	11.759M	12.402M
Interest Expense	31.223M	7.357M	9.886M	8.566M	5.414M	7.615M	6.762M	6.646M	6.745M
Other Income/Expense	32.768M	12.226M	10.793M	8.591M	1.158M	7.603M	10.001M	4.674M	5.339M
Net Income	-71.194M	-7.968M	9.426M	-41.780M	-30.872M	-22.648M	-22.342M	-25.516M	-34.055M
Income Tax Expense	-33.047M	-5.674M	1.131M	-16.652M	-11.852M	-4.527M	-11.619M	-9.350M	-14.098M
Net Profit Margin	-6.0%	-6.0%	9.1%	-78.0%	-53.8%	-37.2%	-36.6%	-40.5%	-108.9%
EBITDA	18.765M	17.243M	45.424M	-27.369M	-16.533M	1.824M	-5.081M	-8.876M	-23.198M
EBITDA Margin	13.0%	13.0%	43.8%	-51.1%	-28.8%	3.0%	-8.3%	-14.1%	-74.2%
Depreciation & Amortization	109.620M	41.365M	24.981M	22.497M	20.777M	21.384M	22.118M	19.344M	18.210M
EPS Basic	-0.42	-0.04	0.05	-0.24	-0.19	-0.14	-0.14	-0.16	-0.21
EPS Diluted	-0.42	-0.04	0.05	-0.24	-0.19	-0.14	-0.14	-0.16	-0.21
Shares Outstanding	177.667M	177.667M	177.667M	174.083M	163.835M	163.764M	163.379M	164.149M	165.345M
Diluted Shares Outstanding	199.230M	199.230M	199.230M	175.034M	163.835M	163.764M	163.379M	164.149M	165.345M

MP Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	275.457M	203.855M	253.445M	527.510M	331.952M	134.310M	73.411M	67.418M
Cost of Goods Sold	282.056M	270.643M	148.423M	110.574M	100.635M	70.729M	67.833M	57.284M
Gross Profit	-6.599M	-66.788M	105.022M	416.936M	231.317M	63.581M	5.578M	10.134M
Gross Profit Margin	-2.4%	-32.8%	41.4%	79.0%	69.7%	47.3%	7.6%	15.0%
Total Operating Expenses	116.174M	102.638M	122.741M	89.525M	65.972M	98.284M	13.198M	19.018M
Research & Development	0.00	9.307M	14.932M	4.249M	4.195M	140K	0.00	0.00
Selling, General & Administrative	112.066M	83.299M	79.245M	75.857M	56.646M	26.767M	11.104M	14.565M
Operating Income (EBIT)	-122.773M	-169.426M	-17.719M	327.411M	165.345M	-34.703M	-7.620M	-8.884M
Operating Margin	-44.6%	-83.1%	-7.0%	62.1%	49.8%	-25.8%	-10.4%	-13.2%
Income Before Tax (EBT)	-117.774M	-93.347M	33.075M	341.152M	160.195M	-39.461M	-6.754M	-13.465M
Interest Income	52.015M	47.114M	55.637M	19.827M	353K	163K	461K	—
Interest Expense	31.481M	23.010M	5.254M	5.786M	8.904M	5.009M	3.412M	5.016M
Other Income/Expense	4.999M	76.079M	50.794M	13.741M	-5.150M	-4.758M	866K	-4.581M
Net Income	-85.874M	-65.424M	24.307M	289.004M	135.037M	-21.825M	-6.755M	-13.466M
Income Tax Expense	-31.900M	-27.923M	8.768M	52.148M	25.158M	-17.636M	1K	1K
Net Profit Margin	-31.2%	-32.1%	9.6%	54.8%	40.7%	-16.2%	-9.2%	-20.0%
EBITDA	4.464M	7.720M	94.038M	365.294M	193.481M	-27.521M	1.345M	-4.431M
EBITDA Margin	1.6%	3.8%	37.1%	69.2%	58.3%	-20.5%	1.8%	-6.6%
Depreciation & Amortization	90.757M	78.057M	55.709M	18.356M	24.382M	6.931M	4.687M	4.453M
EPS Basic	-0.50	-0.57	0.14	1.64	0.78	-0.27	-0.10	-0.20
EPS Diluted	-0.50	-0.57	0.14	1.52	0.73	-0.27	-0.10	-0.20
Shares Outstanding	170.127M	166.841M	177.182M	176.519M	173.470M	79.691M	66.558M	66.558M
Diluted Shares Outstanding	170.127M	169.883M	178.152M	193.453M	189.844M	79.691M	68.876M	68.876M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About MP Materials Corp.

MP Materials Corp. manages and operates facilities dedicated to the extraction and refinement of rare earth elements. The company's primary asset is the Mountain Pass Rare Earth mine, a key operation situated within the Western Hemisphere. MP Materials holds comprehensive mineral rights for this significant deposit and its surrounding areas, alongside proprietary intellectual property essential for the ongoing processing and technological development of rare earth minerals. Its product offerings include critical elements such as cerium, lanthanum, neodymium, praseodymium, and samarium. Established in 2017, the company is headquartered in Las Vegas, Nevada.

Las Vegas, NV

804 employees

mpmaterials.com

Basic Materials / Industrial Materials

Sector: Basic Materials
Industry: Industrial Materials
CEO: James Henry Litinsky

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