MPNYSEMetal MiningFiscal year ends December 31

MP Materials Corp. / DE

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026

$38.95−1.22 (-3.04%)

Close on Oct 19, 2026

Market cap: $6.95B
P/E (TTM): –
Dividend yield: –

MP Materials Corp. / DE income statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31
Revenue	224	204	253	528	332	134	73
Cost of Revenue	193	193	93	92	–	64	61
Gross Profit	32	11	161	435	–	71	12
Selling, General & Admin	112	83	79	76	57	27	–
General & Administrative	–	–	–	–	57	27	11
Total Costs & Expenses	425	373	271	200	167	169	81
Operating Income	-149	-169	-18	327	165	-35	-7.62
Interest Expense	31	23	5.25	5.79	8.90	5.01	3.41
Other Non-Operating Income	63	46	56	20	3.75	0.25	4.28
Asset Impairment Charges	0	0	0	0	0	0	0
Gain (Loss) on Sale of Assets	-0.47	-1.42	-6.33	-0.39	-0.57	-0.10	3.38
Legal Settlements	–	–	–	–	-1.00	–	–
Pretax Income	-118	-93	33	341	160	-39	-6.75
Income Tax Expense	-32	-28	8.77	52	25	-18	0.00
Net Income	-86	-65	24	289	135	-22	-6.76
Net Income to Common	-86	-65	24	–	–	–	–
EPS (Basic)(per share)	-0.50	-0.39	0.14	1.64	0.78	-0.27	-0.10
EPS (Diluted)(per share)	-0.50	-0.57	0.14	1.52	0.73	-0.27	-0.10
Shares Outstanding (Basic, Weighted)(shares)	170	167	177	177	173	80	67
Shares Outstanding (Diluted, Weighted)(shares)	170	170	178	193	190	80	67
EBITDA	-60	-91	38	346	190	-28	-2.93
Net Interest Income	–	–	-5.25	-5.79	-8.90	-5.01	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 21.4%
Operating margin: -41.5%
Net margin: -19.9%
Return on equity, FY2025: -5.7%

Financial strength

Current ratio: 9.51
Debt to equity: 0.48
Debt to assets: 25.1%
Cash to current liabilities: 233.8%

Valuation

P/E ratio: –
Price to sales: 22.76
Price to book: 3.55
Dividend yield: –