MP Materials Corp.MPEarnings & Financial Report
MP Materials Corp. is a U.S.-based producer of rare earth materials. The company owns and operates the Mountain Pass mine in California, the only active rare earth mining and processing facility in the Western Hemisphere, producing essential materials for electric vehicles, wind turbines, and defense applications.
MP Q1 FY2026 Key Financial Metrics
Revenue
$90.6M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$-8.0M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-8.8%
YoY Growth
49.1%
EPS
$-0.04
MP Materials Corp. Q1 FY2026 Financial Summary
MP Materials Corp. reported revenue of $90.6M (up 49.1% YoY) for Q1 FY2026, with a net profit of $-8.0M (up 64.8% YoY) (-8.8% margin).
Key Financial Metrics
| Total Revenue | $90.6M |
|---|---|
| Net Profit | $-8.0M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
MP Materials Corp. Q1 FY2026 revenue of $90.6M breaks down across 2 segments, led by Materials Segment at $72.2M (79.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Materials Segment | $72.2M | 79.6% |
| Magnetics Segment | $21.1M | 23.3% |
MP Materials Corp. Revenue by Segment — Quarterly Trend
MP Materials Corp. revenue by segment across the last 4 reported quarters, showing how each business line (such as Materials Segment and Magnetics Segment) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Materials Segment | $72.2M | $35.6M | $31.6M | — |
| Magnetics Segment | $21.1M | — | — | — |
MP Materials Corp. Annual Revenue by Year
MP Materials Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $224.4M).
MP Materials Corp. Quarterly Revenue & Net Profit History
MP Materials Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $90.6M | +49.1% | $-8.0M | -8.8% |
| Q4 FY2025 | $52.7M | -13.6% | $9.4M | 17.9% |
| Q3 FY2025 | $53.6M | -14.9% | $-41.8M | -78.0% |
| Q2 FY2025 | $57.4M | +83.6% | $-30.9M | -53.8% |
| Q1 FY2025 | $60.8M | +24.9% | $-22.6M | -37.2% |
| Q4 FY2024 | $61.0M | +48.0% | $-22.3M | -36.6% |
| Q3 FY2024 | $62.9M | +19.8% | $-25.5M | -40.5% |
| Q2 FY2024 | $31.3M | -51.2% | $-34.1M | -108.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.3M | $62.9M | $61.0M | $60.8M | $57.4M | $53.6M | $52.7M | $90.6M |
| YoY Growth | -51.2% | 19.8% | 48.0% | 24.9% | 83.6% | -14.9% | -13.6% | 49.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.36B | $2.30B | $2.33B | $2.37B | $2.34B | $3.80B | $3.86B | $3.84B |
| Liabilities | $1.26B | $1.24B | $1.28B | $1.33B | $1.33B | $1.42B | $1.47B | $1.46B |
| Equity | $1.11B | $1.06B | $1.05B | $1.04B | $1.01B | $1.96B | $1.98B | $1.97B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $30.8M | $-6.8M | $30.5M | $-63.2M | $-3.7M | $-42.0M | $-46.9M | $-1.9M |