USARNasdaqMetal MiningFiscal year ends December 31

USA Rare Earth, Inc.

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

$10.09−0.45 (-4.27%)

Close on Oct 19, 2026

Market cap: $2.32B
P/E (TTM): –
Dividend yield: –

USA Rare Earth, Inc. balance sheet

Annual Quarterly

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
Cash & Equivalents	360	17	13
Cash & Short-Term Investments	360	17	13
Receivables	3.76	0	–
Inventory	19	0	–
Prepaid Expenses & Other	2.87	0.38	0.02
Other Current Assets	0.29	–	–
Total Current Assets	385	22	0.50
Property, Plant & Equipment	85	27	–
Gross Property, Plant & Equipment	87	28	–
Accumulated Depreciation	-1.64	-1.20	–
Long-Term Investments	–	24	259
Operating Lease Right-of-Use Assets	0.32	0.03	–
Goodwill	135	0	0
Intangible Assets	69	–	–
Other Long-Term Assets	0.18	0.05	–
Total Assets	695	69	259
Accounts Payable	11	1.82	0.23
Accrued Expenses	14	3.07	0.23
Current Portion of Leases	0.14	0.02	–
Deferred Revenue (Current)	11	0	–
Other Current Liabilities	0	0.01	–
Total Current Liabilities	38	6.93	0.31
Long-Term Leases	0.19	0	–
Operating Lease Liabilities	0.32	0.02	–
Deferred Tax Liabilities	17	0	–
Total Liabilities	192	15	13
Common Stock	0.02	0.01	–
Additional Paid-In Capital	880	104	–
Retained Earnings	-387	-73	-13
Comprehensive Income & Other	0.13	0	–
Shareholders' Equity	–	-17	-13
Noncontrolling Interest	1.65	2.64	–
Total Equity	494	34	42
Total Liabilities & Equity	695	69	259
Shares Outstanding(shares)	148	60	–

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, FY2025

Gross margin: 11.9%
Operating margin: -7606.2%
Net margin: -17298.1%
Return on equity, FY2025: –

Financial strength

Current ratio: 32.79
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 2999.5%

Valuation

P/E ratio: –
Price to sales: 1412.97
Price to book: –
Dividend yield: –