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MP Materials Corp. / DE

MP Materials Corp. / DEMPEarnings & Financial Report

NYSE

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.

NextFeb 28, 2026

MP Q3 2025 Key Financial Metrics

Revenue

$53.6M

Gross Profit

N/A

Operating Profit

$-67.0M

Net Profit

$-41.8M

Gross Margin

N/A

Operating Margin

-125.2%

Net Margin

-78.0%

YoY Growth

-14.9%

EPS

$-0.24

Financial Flow

MP Materials Corp. / DE Q3 2025 Financial Summary

MP Materials Corp. / DE reported revenue of $53.6M for Q3 2025, with a net profit of $-41.8M (-78.0% margin). Cost of goods sold was N/A, operating expenses totaled N/A.

Key Financial Metrics

Total Revenue$53.6M
Net Profit$-41.8M
Gross MarginN/A
Operating Margin-125.2%
Report PeriodQ3 2025

MP Materials Corp. / DE Annual Revenue by Year

MP Materials Corp. / DE annual revenue history includes year-by-year totals (for example, 2024 revenue was $203.9M).

YearAnnual Revenue
2024$203.9M
2023$253.4M
2022$527.5M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$41.2M$48.7M$31.3M$62.9M$61.0M$60.8M$57.4M$53.6M
YoY Growth-59.7%-49.1%-51.2%19.8%48.0%24.9%83.6%-14.9%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$2.34B$2.35B$2.36B$2.30B$2.33B$2.37B$2.34B$3.80B
Liabilities$970.7M$1.22B$1.26B$1.24B$1.28B$1.33B$1.33B$1.42B
Equity$1.37B$1.14B$1.11B$1.06B$1.05B$1.04B$1.01B$1.96B

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$-13.8M$-41.1M$30.8M$-6.8M$30.5M$-63.2M$-3.7M$-42.0M