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General information

Country: UNITED STATES

Sector: Other Industrial Metals and Mining

MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. The company holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals. It offers cerium, lanthanum, neodymium, praseodymium, and samarium. The company was founded in 2017 and is headquartered in Las Vegas, Nevada.
Website: mpmaterials.com



Growth: Good revenue growth rate 18.9%, there is acceleration compared to average historical growth rates 11.3%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is negative, -32.6%. On average the margin is decreasing unsteadily. Gross margin is high, +99.0%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -3.7% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 293.7% higher than minimum and 58.1% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 0.6x by EV / Sales multiple , the company can be 98.7% overvalued

Key Financials (Download financials)

Ticker: MP
Share price, USD:  (-7.5%)41.3
year average price 61.57  


year start price 62.08 2025-07-26

max close price 98.65 2025-10-14

min close price 41.30 2026-07-24

current price 41.30 2026-07-25
Common stocks: 177 619 628

Dividend Yield:  0.0%
EV / Sales: 46.7x
Margin (EBITDA LTM / Revenue): -32.6%
Fundamental value created in LTM:
Market Cap ($m): 7 931
Net Debt ($m): 659
EV (Enterprise Value): 8 590
Price to Book: 3.4x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2026-06-26fool.com

Could Buying These 3 Rare Earth Stocks Make You Rich?

2026-02-07fool.com

3 Under-the-Radar Mining Stocks to Buy With $100 Right Now

2026-02-03cnbc.com

Trump Project Vault stockpile will include any minerals listed as ‘critical' by Interior Department

2026-02-02forbes.com

Rare Earth Stocks Rise On News Trump Wants $12 Billion Stockpile

2026-01-31fool.com

Can MP Materials Stock Beat the Market in 2026?

2026-01-29fool.com

Why MP Materials Stock Just Crashed

2025-12-15zacks.com

MP Expects Return to Profitability in Q4: Achievable or Too Ambitious?

2025-12-14fool.com

The Smartest Mining Stock to Buy With $100 Right Now

2025-12-08seekingalpha.com

USA Rare Earth: An Intriguing Portfolio Addition (Or Alternative) For MP Materials Bulls

2025-12-06benzinga.com

USA Rare Earth Vs MP Materials: Which Rare-Earth Play Is Worth Your Risk?
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2025 q3 2025 q2 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2022 q1 2021 q4 2021 q3 2021 q2 2021 q1 2020 q4 2020 q3 2020 q2 2020 q1
date 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31
symbol MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP
reportedCurrency USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2025-11-07 2025-08-08 2024-11-08 2024-08-06 2024-05-03 2023-11-03 2023-08-04 2023-05-05 2022-11-04 2022-08-05 2022-05-06 2021-11-10 2021-08-09 2021-05-13 2020-11-04 2020-07-31 2020-06-09
acceptedDate 2025-11-07 16:07:31 2025-08-08 16:19:39 2025-02-28 08:43:00 2024-11-08 16:04:16 2024-08-06 16:11:58 2024-05-03 16:15:58 2024-02-28 12:16:40 2023-11-03 12:17:37 2023-08-04 12:23:18 2023-05-05 12:10:44 2023-02-28 11:19:58 2022-11-04 12:13:37 2022-08-05 11:59:18 2022-05-06 12:19:27 2022-02-28 12:35:12 2021-11-10 13:36:11 2021-08-09 14:23:01 2021-05-13 14:33:13 2021-03-22 09:14:43 2020-11-04 15:13:08 2020-07-31 09:28:46 2020-06-09 16:36:37
calendarYear 2025 2025 2024 2024 2024 2023 2023 2023 2022 2022 2022 2021 2021 2021 2020 2020 2020
period Q3 Q2 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1
revenue 54M 57M 204M 63M 31M 49M 253M 53M 64M 96M 528M 124M 144M 166M 332M 100M 73M 60M 134M 41M 30M 21M
costOfRevenue 48M 71M 271M 654 000 60M 54M 148M 39M 35M 32M 111M 25M 27M 28M 101M 29M 25M 38M 71M 25M 19M 14M
grossProfit 5M -14M -67M 62M -29M -5M 105M 14M 29M 63M 417M 100M 116M 138M 231M 71M 48M 22M 64M 16M 12M 6M
grossProfitRatio 0.095 -0.241 0.99 -0.916 -0.109 0.258 0.455 0.662 0.803 0.808 0.829 0.711 0.663 0.362 0.394 0.388 0.304
researchAndDevelopmentExpenses 0 2M 9M 0 1M 409 000 15M 10M 7M 8M 4M 3M 2M 2M 4M 1M 0 0 140 000 11 000 0 0
generalAndAdministrativeExpenses 0 0 0 0 0 0 0 0 0 19M 76M 18M 18M 21M 57M 15M 14M 14M 27M 6M 6M 3M
sellingAndMarketingExpenses 0 0 0 0 0 0 0 0 0 0 17 000 0 0 0 -569 000 0 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 28M 27M 83M 22M 21M 21M 79M 20M 19M 19M 76M 18M 18M 21M 57M 15M 14M 14M 27M 6M 6M 3M
otherExpenses 44M 142 000 10M 80M 229 999 13M 29M 14M 14M 227 000 9M 418 000 419 000 418 000 5M 97 000 4M 55 000 71M 61 000 155 000 82 000
operatingExpenses 72M 30M 103M 102M 22M 22M 123M 30M 26M 28M 90M 21M 20M 23M 66M 17M 14M 14M 98M 6M 6M 4M
costAndExpenses 121M 101M 373M 102M 82M 76M 271M 69M 61M 60M 200M 45M 48M 51M 167M 46M 39M 38M 169M 25M 25M 18M
interestIncome 17M 8M 47M 0 0 0 56M 14M 0 0 20M 0 0 0 353 000 0 0 0 163 000 31 946 36 875 0
interestExpense 9M 5M 23M 7M 7M 3M 5M 1M 1M 1M 6M 1M 1M 2M 9M 3M 3M 1M 5M 2M 1M 803 000
depreciationAndAmortization 22M 21M 78M 19M 18M 19M 56M 22M 12M 16M 18M 6M 8M 194 000 24M 7M 7M 6M 7M 2M 1M 1M
ebitda -27M -17M 8M -9M -23M -8M 94M -2M 17M 49M 365M 85M 103M 115M 193M 54M 38M 22M -28M 16M 7M 4M
ebitdaratio -0.511 -0.288 -0.141 -1.037 -0.172 -0.038 0.26 0.514 0.686 0.72 0.693 0.543 0.517 0.363 0.395 0.227 0.193
operatingIncome -67M -44M -169M -40M -51M -27M -18M -18M 483 000 33M 327M 79M 96M 115M 165M 54M 32M 22M -35M 16M -61M 3M
operatingIncomeRatio -1.252 -0.765 -0.628 -1.627 -0.554 -0.334 0.008 0.344 0.636 0.667 0.692 0.542 0.444 0.362 0.394 -2.015 0.128
totalOtherIncomeExpensesNet 9M 1M 76M 5M 3M 51M 51M 13M 12M 12M 14M 5M 886 000 -2M -5M 97 000 2M 55 000 -5M 61 000 -66M 82 000
incomeBeforeTax -58M -43M -93M -35M -48M 24M 33M -4M 13M 45M 341M 84M 97M 113M 160M 52M 33M 21M -39M 15M -62M 2M
incomeBeforeTaxRatio -1.091 -0.744 -0.554 -1.541 0.485 -0.085 0.202 0.473 0.676 0.673 0.682 0.517 0.456 0.344 0.354 -2.045 0.093
incomeTaxExpense -17M -12M -28M -9M -14M 7M 9M -200 000 6M 8M 52M 21M 23M 28M 25M 9M 6M 4M -18M -125 000 336 000 -1M
netIncome -42M -31M -65M -26M -34M 16M 24M -4M 7M 37M 289M 63M 73M 86M 135M 43M 27M 16M -22M 15M -62M 2M
netIncomeRatio -0.78 -0.538 -0.405 -1.089 0.339 -0.081 0.116 0.391 0.508 0.51 0.515 0.429 0.372 0.269 0.357 -2.056 0.093
eps -0.24 -0.19 -0.57 -0.16 -0.21 0.095 0.14 -0.024 0.04 0.21 1.64 0.36 0.42 0.49 0.78 0.24 0.16 0.1 -0.27 0.2 -0.92 0.027
epsdiluted -0.24 -0.19 -0.16 -0.21 -0.081 -0.024 0.04 0.2 0.33 0.38 0.44 0.23 0.15 0.09 0.2 -0.92 0.027
weightedAverageShsOut 174M 164M 167M 164M 165M 175M 177M 177M 177M 177M 177M 177M 177M 176M 173M 176M 173M 169M 80M 72M 68M 72M
weightedAverageShsOutDil 175M 164M 170M 164M 165M 187M 178M 177M 178M 194M 193M 193M 193M 193M 190M 193M 193M 179M 80M 72M 68M 72M
link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link
filingDate 2025-02-28 2024-02-28 2023-02-28 2022-02-28 2021-03-22
fiscalYear 2024 2023 2022 2021 2020
netInterestIncome 24M 50M 14M -9M -5M
ebit -70M 38M 347M 169M -34M
nonOperatingIncomeExcludingInterest -99M -56M -20M -4M -251 000
netIncomeFromContinuingOperations -65M 24M 289M 135M -22M
netIncomeFromDiscontinuedOperations 0 0 0 0 0
otherAdjustmentsToNetIncome 0 0 0 0 0
netIncomeDeductions 32M 0 -4M -3M 0
bottomLineNetIncome -97M 24M 293M 138M -22M
epsDiluted -0.57 0.14 1.52 0.73 -0.27

Balance Sheet Statement

Property 2025 q3 2025 q2 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2022 q1 2021 q4 2021 q3 2021 q2 2021 q1 2020 q4 2020 q3 2020 q2 2020 q1
date 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31
symbol MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP
reportedCurrency USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2025-11-07 2025-08-08 2024-11-08 2024-08-06 2024-05-03 2023-11-03 2023-08-04 2023-05-05 2022-11-04 2022-08-05 2022-05-06 2021-11-10 2021-08-09 2021-05-13 2020-11-04 2020-07-31 2020-06-09
acceptedDate 2025-11-07 16:07:31 2025-08-08 16:19:39 2025-02-28 08:43:00 2024-11-08 16:04:16 2024-08-06 16:11:58 2024-05-03 16:15:58 2024-02-28 12:16:40 2023-11-03 12:17:37 2023-08-04 12:23:18 2023-05-05 12:10:44 2023-02-28 11:19:58 2022-11-04 12:13:37 2022-08-05 11:59:18 2022-05-06 12:19:27 2022-02-28 12:35:12 2021-11-10 13:36:11 2021-08-09 14:23:01 2021-05-13 14:33:13 2021-03-22 09:14:43 2020-11-04 15:13:08 2020-07-31 09:28:46 2020-06-09 16:36:37
calendarYear 2025 2025 2024 2024 2024 2023 2023 2023 2022 2022 2022 2021 2021 2021 2020 2020 2020
period Q3 Q2 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1
cashAndCashEquivalents 1 147M 262M 282M 284M 297M 297M 263M 548M 927M 651M 137M 428M 664M 1 233M 1 179M 1 179M 1 197M 1 182M 520M 0 39M 0
shortTermInvestments 793M 492M 568M 582M 641M 650M 734M 537M 201M 518M 1 046M 836M 600M 0 0 0 0 0 0 0 0 0
cashAndShortTermInvestments 1 940M 754M 851M 866M 938M 947M 998M 1 085M 1 128M 1 169M 1 182M 1 264M 1 264M 1 233M 1 179M 1 179M 1 197M 1 182M 520M 0 39M 0
netReceivables 15M 65M 62M 22M 28M 41M 30M 17M 15M 23M 33M 20M 37M 37M 51M 37M 8M 14M 4M 0 183 000 0
inventory 144M 128M 108M 117M 115M 109M 95M 77M 68M 62M 58M 62M 42M 40M 39M 34M 36M 35M 32M 0 30M 0
otherCurrentAssets 75M 14M 10M 12M 10M 9M 8M 9M 13M 14M 21M 11M 5M 6M 0 5M 6M 9M 0 0 2M 0
totalCurrentAssets 2 174M 960M 1 031M 1 017M 1 091M 1 106M 1 131M 1 188M 1 224M 1 267M 1 294M 1 357M 1 349M 1 316M 1 277M 1 256M 1 246M 1 239M 561M 0 71M 0
propertyPlantEquipmentNet 1 306M 1 299M 1 260M 1 240M 1 227M 1 207M 1 168M 1 108M 1 055M 1 002M 936M 830M 750M 668M 611M 584M 562M 533M 503M 0 49M 0
goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
intangibleAssets 6M 7M 7M 8M 8M 9M 9M 9M 0 0 89 000 0 0 0 0 0 0 0 0 0 0 0
goodwillAndIntangibleAssets 6M 7M 7M 8M 8M 9M 9M 9M 0 0 89 000 0 0 0 0 0 0 0 0 0 0 0
longTermInvestments 0 0 0 0 10M 10M 10M -135M 0 0 0 0 664M 0 0 0 0 0 0 0 0 0
taxAssets 0 0 0 0 108M 122M 0 135M 136M 130M 0 167M 147M 128M 0 98M 96M 92M 0 0 0 0
otherNonCurrentAssets 311M 70M 35M 36M -79M -99M 19M 17M -125M -118M 8M -165M -809M -126M 2M -88M -85M -82M 10M 0 28M 0
totalNonCurrentAssets 1 624M 1 376M 1 302M 1 283M 1 274M 1 248M 1 205M 1 134M 1 066M 1 014M 944M 832M 752M 671M 613M 594M 572M 543M 513M 0 77M 0
otherAssets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
totalAssets 3 798M 2 336M 2 334M 2 300M 2 364M 2 354M 2 336M 2 322M 2 289M 2 281M 2 238M 2 189M 2 101M 1 987M 1 890M 1 849M 1 818M 1 783M 1 074M 0 148M 0
accountPayables 25M 22M 24M 22M 20M 26M 28M 92M 72M 69M 15M 70M 62M 42M 36M 28M 0 0 16M 0 0 0
shortTermDebt 74M 67M 0 0 1M 1M 0 728 000 309 000 0 0 0 0 0 16M 31M 46M 42M 24M 0 38M 0
taxPayables 0 2M 4M 5M 3M 839 000 3M 0 0 21M 21M 0 0 5M 3M 8M 0 0 0 0 0 0
deferredRevenue 0 80M 57M 50M 50M 0 0 0 0 0 0 167M 147M 0 0 8M 0 0 0 0 0 0
otherCurrentLiabilities 170M 96M 19M 70M 84M 80M 7M 4M 4M 25M 4M -163M -143M 10M 4M 4M 44M 31M 2M 0 18M 0
totalCurrentLiabilities 270M 267M 164M 147M 158M 108M 109M 97M 76M 94M 97M 75M 66M 52M 60M 71M 90M 73M 43M 0 56M 0
longTermDebt 960M 849M 909M 944M 943M 936M 682M 688M 687M 679M 678M 678M 677M 676M 675M 675M 674M 691M 45M 0 70M 0
deferredRevenueNonCurrent 0 67M 63M 20M 19M 18M 17M 22M 22M 0 0 0 0 0 0 43M 43M 43M 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 94M 111M 99M 108M 122M 131M 135M 136M 130M 122M 167M 147M 128M 105M 98M 96M 92M 87M 0 0 0
otherNonCurrentLiabilities 189M 49M 26M 47M 28M 33M 25M 4M 4M 26M 27M 28M 41M 41M 41M 8M 9M 9M 44M 0 47M 0
totalNonCurrentLiabilities 1 150M 1 059M 1 115M 1 089M 1 097M 1 109M 862M 849M 849M 835M 828M 872M 864M 845M 821M 824M 821M 834M 177M 0 117M 0
otherLiabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
capitalLeaseObligations 12M 6M 6M 6M 7M 7M 7M 8M 7M 0 15 000 0 0 0 808 000 879 000 895 000 966 000 1M 0 568 000 0
totalLiabilities 1 420M 1 326M 1 279M 1 236M 1 255M 1 216M 971M 946M 925M 929M 925M 947M 931M 897M 881M 895M 911M 907M 220M 0 172M 0
preferredStock 414M 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2M 0
commonStock 19 000 18 000 18 000 18 000 18 000 18 000 17 000 17 000 17 000 17 000 18 000 18 000 18 000 18 000 18 000 18 000 18 000 17 000 17 000 43M 21M 0
retainedEarnings 225M 267M 320M 343M 368M 402M 386M 402M 406M 399M 361M 294M 231M 158M 72M 23M -19M -47M -63M 0 -101M 0
accumulatedOtherComprehensiveIncomeLoss 297 999 -26 000 173 000 296 000 -90 000 -130 000 145 000 -32 000 -166 000 131 000 189 000 -97 000 -416 000 0 0 0 0 -21M 0 0 0 0
othertotalStockholdersEquity 1 739M 744M 722M 741M 736M 974M 959M 953M 948M 940M 932M 931M 926M 943M -43M 54M 0
totalStockholdersEquity 2 378M 1 011M 1 055M 1 065M 1 109M 1 138M 1 366M 1 376M 1 365M 1 352M 1 313M 1 242M 1 171M 1 090M 1 009M 954M 907M 875M 854M 43M -25M 0
totalEquity 2 378M 1 011M 1 055M 1 065M 1 109M 1 138M 1 366M 1 376M 1 365M 1 352M 1 313M 1 242M 1 171M 1 090M 1 009M 954M 907M 875M 854M 43M -25M 0
totalLiabilitiesAndStockholdersEquity 3 798M 2 336M 2 300M 2 364M 2 354M 2 322M 2 289M 2 281M 2 189M 2 101M 1 987M 1 849M 1 818M 1 783M 0 148M 0
minorityInterest 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 3 798M 2 336M 2 334M 2 300M 2 364M 2 354M 2 336M 2 322M 2 289M 2 281M 2 238M 2 189M 2 101M 1 987M 1 890M 1 849M 1 818M 1 783M 1 074M 0 148M 0
totalInvestments 793M 492M 568M 582M 651M 660M 744M 537M 201M 518M 1 046M 836M 1 264M 0 0 0 0 0 0 0 0 0
totalDebt 1 035M 917M 915M 944M 944M 944M 689M 689M 688M 679M 678M 678M 677M 676M 692M 706M 720M 733M 71M 0 108M 0
netDebt -112M 655M 632M 659M 648M 646M 425M 141M -240M 28M 542M 250M 12M -557M -487M -474M -477M -449M -449M 0 69M 0
link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link
filingDate 2025-02-28 2024-02-28 2023-02-28 2022-02-28 2021-03-22
fiscalYear 2024 2023 2022 2021 2020
accountsReceivables 19M 10M 33M 51M 4M
otherReceivables 43M 20M 0 0 0
prepaids 0 0 0 8M 6M
totalPayables 28M 31M 36M 39M 16M
otherPayables 4M 3M 21M 3M 0
accruedExpenses 61M 71M 57M 0 0
capitalLeaseObligationsCurrent 0 0 0 254 000 266 000
capitalLeaseObligationsNonCurrent 6M 7M 15 000 554 000 736 000
treasuryStock -227M 0 0 0 0
additionalPaidInCapital 961M 980M 951M 936M 916M
otherTotalStockholdersEquity 0 0 0 0 0

Cash Flow Statement

Property 2025 q3 2025 q2 2024 q4 2024 q3 2024 q2 2024 q1 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2022 q1 2021 q4 2021 q3 2021 q2 2021 q1 2020 q4 2020 q3 2020 q2 2020 q1
date 2025-09-30 2025-06-30 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31
symbol MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP MP
reportedCurrency USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2025-11-07 2025-08-08 2024-11-08 2024-08-06 2024-05-03 2023-11-03 2023-08-04 2023-05-05 2022-11-04 2022-08-05 2022-05-06 2021-11-10 2021-08-09 2021-05-13 2020-11-04 2020-07-31 2020-06-09
acceptedDate 2025-11-07 16:07:31 2025-08-08 16:19:39 2025-02-28 08:43:00 2024-11-08 16:04:16 2024-08-06 16:11:58 2024-05-03 16:15:58 2024-02-28 12:16:40 2023-11-03 12:17:37 2023-08-04 12:23:18 2023-05-05 12:10:44 2023-02-28 11:19:58 2022-11-04 12:13:37 2022-08-05 11:59:18 2022-05-06 12:19:27 2022-02-28 12:35:12 2021-11-10 13:36:11 2021-08-09 14:23:01 2021-05-13 14:33:13 2021-03-22 09:14:43 2020-11-04 15:13:08 2020-07-31 09:28:46 2020-06-09 16:36:37
calendarYear 2025 2025 2024 2024 2024 2023 2023 2023 2022 2022 2022 2021 2021 2021 2020 2020 2020
period Q3 Q2 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1 FY Q3 Q2 Q1
netIncome -42M -31M -65M -26M -34M 16M 24M -4M 7M 37M 289M 63M 73M 86M 135M 43M 27M 16M -22M 15M -62M 2M
depreciationAndAmortization 23M 42M 78M 19M 18M 19M 57M 14M 7M 8M 18M 2M 11M 5M 24M 7M 7M 6M 7M 2M 1M 1M
deferredIncomeTax -12M -13M -28M -9M -14M 7M 8M -200 000 6M 7M 18M 0 42M 23M 17M 182 000 -1M 4M -18M 0 0 0
stockBasedCompensation 0 6M 23M 5M 6M 7M 25M 6M 6M 7M 32M 8M 7M 10M 23M 5M 4M 6M 5M 0 0 0
changeInWorkingCapital -16M 14M 58M -6M 50M -43M -32M -6M -17M 3M 4M 23M 12M 32M -34M -19M 11M -9M -38M -7M -7M -265 000
accountsReceivables 2M 43M -9M -1M 10M -13M 4M -2M 10M 12M 16M 17M 4M 14M -47M -29M 6M -10M -3M -3M 228 000 -41 000
inventory -32M -21M -42M -1M -21M -21M 2M -14M -6M -5M -24M -19M -3M -927 000 -8M 1M -2M -3M -9M -1M -3M -4M
accountsPayables 6M 3M 1M 6M 771 000 -8M 11M 8M 4M -4M 2M 4M 2M -7M 6M 6M 3M 3M -4M -2M 228 000 -908 000
otherWorkingCapital 8M -11M 108M -9M 59M -1M -49M 2M -25M -3M 11M 21M 9M 26M 16M 3M 4M 1M -21M -1000 -5M 5M
otherNonCashItems 4M -22M -53M 10M 58M 39M -20M 1M 1M -8M -18M -2M -47M -35M -64M -13M -9M -14M 69M -12M 67M 803 000
netCashProvidedByOperatingActivities -42M -4M 13M -7M 31M -41M 63M 11M 10M 55M 344M 95M 99M 121M 102M 22M 39M 9M 3M -3M -1M 4M
investmentsInPropertyPlantAndEquipment -50M -29M -186M -46M -46M -52M -262M -59M -56M -74M -327M -92M -68M -55M -124M -42M -25M -19M -22M -5M -4M -618 000
acquisitionsNet 0 0 0 0 0 0 -10M 0 0 0 0 0 0 0 125 000 0 0 0 0 0 0 0
purchasesOfInvestments -707M -319M -1 568M -317M -443M -391M -1 195M -384M 0 -321M -2 780M -759M -599M 0 0 0 0 0 0 0 0 0
salesMaturitiesOfInvestments 413M 394M 1 764M 384M 460M 483M 1 523M 52M 322M 858M 1 744M 0 0 0 0 0 0 0 0 0 0 0
otherInvestingActivites 12M 24M 0 17M 96 000 1M 0 0 526M 0 5M 3M 0 125 000 0 0 0
netCashUsedForInvestingActivites -333M 70M 21M -30M 41M -390M 266M 462M -325M -667M -50M -39M -25M -19M -5M -4M -618 000
debtRepayment -1M -2M -541 000 -1M -303M -634 000 -621 000 -846 000 -651 000 -671 000 -4M -717 000 -714 000 -276 000 -963 000 -124 000 -210 000
commonStockIssued 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
commonStockRepurchased -2M -235 000 -225M -24M -175 000 -201M -7M -344 000 0 0 -18M 0 0 0 -3M 0 0 0 -996 000 0 0 0
dividendsPaid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
otherFinancingActivites 1 263M 0 -484 000 -175 000 -69M -344 000 -156 000 -6M 0 -202 000 -14M -163 000 -589 000 672M -2M 39M 0
netCashUsedProvidedByFinancingActivities 1 261M -3M -25M -2M 33M -978 000 -777 000 -7M -651 000 -873 000 -18M -880 000 -1M 672M -3M 39M -210 000
effectOfForexChangesOnCash 0 0 0 0 0 0 0 380M 0 0 0 0 0 0 0 0 0 0 0 0 0 0
netChangeInCash 885M 63M 19M -11M -469 000 33M 121M -380M 275M 511M -1 038M -231M -569M 53M 649M -17M 12M 662M 503M -10M 33M 3M
cashAtEndOfPeriod 1 148M 263M 284M 286M 297M 297M 265M 549M 929M 654M 144M 434M 666M 1 234M 1 181M 1 189M 1 206M 1 194M 532M 56M 66M 32M
cashAtBeginningOfPeriod 263M 200M 265M 297M 297M 265M 144M 929M 654M 144M 1 181M 666M 1 234M 1 181M 532M 1 206M 1 194M 532M 30M 66M 32M 30M
operatingCashFlow -42M -4M 13M -7M 31M -41M 63M 11M 10M 55M 344M 95M 99M 121M 102M 22M 39M 9M 3M -3M -1M 4M
capitalExpenditure -50M -29M -186M -46M -46M -52M -262M -59M -56M -74M -327M -92M -68M -55M -124M -42M -25M -19M -22M -5M -4M -618 000
freeCashFlow -93M -33M -173M -53M -16M -93M -199M -48M -46M -19M 17M 3M 31M 66M -22M -19M 13M -10M -19M -7M -6M 3M
link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link Link
filingDate 2025-02-28 2024-02-28 2023-02-28 2022-02-28 2021-03-22
fiscalYear 2024 2023 2022 2021 2020
otherInvestingActivities 96 000 12M 5M 4M 0
netCashProvidedByInvestingActivities 10M 69M -1 357M -119M -22M
netDebtIssuance 316M -3M -6M 688M 19M
longTermNetDebtIssuance 316M -3M -6M 688M 19M
shortTermNetDebtIssuance 0 0 0 0 0
netStockIssuance -225M -7M -18M -3M -996 000
netCommonStockIssuance -225M -7M -18M -3M -996 000
commonStockIssuance 0 0 0 0 0
netPreferredStockIssuance 0 0 0 0 0
netDividendsPaid 0 0 0 0 0
commonDividendsPaid 0 0 0 0 0
preferredDividendsPaid 0 0 0 0 0
otherFinancingActivities -96M 0 0 -18M 504M
netCashProvidedByFinancingActivities -5M -10M -24M 666M 522M
incomeTaxesPaid 870 000 22M 19M 4M 0
interestPaid 12M 2M 2M 1M 0

Earning call transcript

2025 q3
2025-11-06 ET (fiscal 2025 q3)
2025 q2
2025-08-07 ET (fiscal 2025 q2)
2025 q1
2025-05-08 ET (fiscal 2025 q1)
2024 q4
2025-02-20 ET (fiscal 2024 q4)
2024 q3
2024-11-07 ET (fiscal 2024 q3)
2024 q2
2024-08-01 ET (fiscal 2024 q2)
2024 q1
2024-05-02 ET (fiscal 2024 q1)
2023 q4
2024-02-22 ET (fiscal 2023 q4)
2023 q3
2023-11-02 ET (fiscal 2023 q3)
2023 q2
2023-08-03 ET (fiscal 2023 q2)
2023 q1
2023-05-04 ET (fiscal 2023 q1)
2022 q4
2023-02-23 ET (fiscal 2022 q4)
2022 q3
2022-11-03 ET (fiscal 2022 q3)
2022 q2
2022-08-04 ET (fiscal 2022 q2)
2022 q1
2022-05-05 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2026-05-07 20:05 ET
MP Materials Reports First Quarter 2026 Results
2026-05-06 16:06 ET
Global Palladium-Gold-Platinum Market Gains Momentum as the Skaergaard Project Places itself in the EU Industrial Framework
2026-05-04 20:05 ET
MP Materials to Participate in the BofA Securities Global Metals, Mining, and Steel Conference
2026-04-29 12:30 ET
Critical Minerals and Rare Earth Elements Ignites Multi-Billion-Dollar Opportunity as Global Demand Surges
2026-04-09 ET
MP Materials Announces Date for First Quarter 2026 Financial Results and Webcast
2026-04-07 ET
Strategic Demand for Rare Earth Elements Intensifies Across Energy, Defense and Technology Sectors
2026-03-26 ET
MP Materials to Participate in Deutsche Bank Virtual Investor Event
2026-03-23 ET
Utah's Forgotten Uranium Belt Is Getting a Second Look. Here's Why the Timing Matters.
2026-03-06 ET
UPDATE: Critical Materials Investments Are Kicking Off As Demand Rises - Sprott's SETM ETF Offers Wide Exposure
2026-03-05 ET
MP Materials to Participate in Upcoming Conferences
2026-02-26 ET
MP Materials Reports Fourth Quarter and Full Year 2025 Results
2026-02-26 ET
MP Materials Selects Northlake, Texas, as the Site of “10X,” a New U.S. Rare Earth Magnet Manufacturing Campus
2026-02-05 13:45 ET
Global Race for Critical Minerals Accelerates as Market Eyes $700B Opportunity by 2030
2026-01-29 ET
MP Materials Announces Date for Fourth Quarter 2025 Financial Results and Webcast
2025-11-19 ET
MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company (Maaden) to Develop Rare Earth Refinery Joint Venture
2025-11-06 21:05 ET
MP Materials Reports Third Quarter 2025 Results
2025-10-28 ET
MP Materials to Participate in Upcoming Conferences
2025-10-21 ET
Defiance Launches MPL: The First 2X Long ETF for MP Materials, Corp.
2025-10-16 ET
MP Materials Announces Date for Third Quarter 2025 Financial Results and Webcast
2025-10-07 ET
USCM Amends McDermitt East Option Agreement to Provide for Acquisition of 100% Interest in the Project
2025-08-28 ET
MP Materials to Participate in Jefferies Industrials Conference
2025-08-07 ET
MP Materials Reports Second Quarter 2025 Results
2025-08-04 ET
MP Materials to Participate in Canaccord Genuity’s 45th Annual Growth Conference
2025-07-21 ET
MP Materials Announces Date for Second Quarter 2025 Financial Results and Webcast
2025-07-17 ET
MP Materials Announces Pricing of Upsized $650 Million Public Offering
2025-07-16 ET
MP Materials Announces Commencement of Proposed $500 Million Public Offering of Common Stock
2025-07-15 ET
MP Materials and Apple Announce $500 Million Partnership to Produce Recycled Rare Earth Magnets in the United States
2025-07-10 ET
MP Materials Announces Transformational Public-Private Partnership with the Department of Defense to Accelerate U.S. Rare Earth Magnet Independence
2025-06-16 ET
MP Materials to Participate in Upcoming Conferences
2025-05-14 ET
Maaden and MP Materials Collaborate to Establish Full Value Chain for Rare Earth Magnetics
2025-05-08 ET
MP Materials Reports First Quarter 2025 Results
2025-04-17 ET
MP Materials Accelerates Strategy to Reindustrialize the Rare Earth Supply Chain
2025-04-10 ET
MP Materials Announces Date for First Quarter 2025 Financial Results and Webcast
2025-02-20 ET
MP Materials Reports Fourth Quarter and Full Year 2024 Results
2025-02-18 ET
MP Materials to Participate in the Canaccord Genuity Sustainability Virtual Summit
2025-01-30 ET
MP Materials Announces Date for Fourth Quarter 2024 Financial Results and Webcast
2025-01-22 ET
MP Materials Restores U.S. Rare Earth Magnet Production
2024-12-09 ET
MP Materials Announces Exchanges of a Portion of its 0.25% Green Convertible Senior Notes due 2026, Representing a Net Reduction of $25 Million of Outstanding Indebtedness
2024-12-05 ET
MP Materials to Participate in the Jefferies 2024 Battery Storage & Materials Virtual Conference
2024-11-07 ET
MP Materials Reports Third Quarter 2024 Results
2024-10-28 21:05 ET
MP Materials to Participate in Upcoming Conferences
2024-10-21 20:05 ET
MP Materials Announces Date for Third Quarter 2024 Financial Results and Webcast
2024-09-03 14:09 ET
Critical Minerals Supply Chain at Risk: How China's Export Policies Could Impact Global Markets
2024-09-03 13:00 ET
MP Materials Announces Increase to its Share Repurchase Program
2024-08-28 20:05 ET
MP Materials to Participate in Upcoming Conferences
2024-08-01 20:05 ET
MP Materials Reports Second Quarter 2024 Results
2024-07-16 20:05 ET
MP Materials Announces Date for Second Quarter 2024 Financial Results and Webcast
2024-06-10 20:05 ET
MP Materials to Participate in the J.P. Morgan 2024 Energy, Power and Renewables Conference
2024-05-30 20:05 ET
MP Materials to Participate in the Baird Global Consumer, Technology & Services Conference
2024-05-14 20:05 ET
MP Materials to Participate in TD Cowen 2nd Annual Sustainability Week
2024-05-02 20:05 ET
MP Materials Reports First Quarter 2024 Results
2024-04-11 20:05 ET
MP Materials Announces Date for First Quarter 2024 Financial Results and Webcast
2024-04-01 13:05 ET
MP Materials Awarded $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing
2024-04-01 13:05 ET
MP Materials Awarded $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing
2024-03-05 11:16 ET
MP Materials Announces Pricing of $650 Million 3.00% Convertible Notes
2024-03-05 11:16 ET
MP Materials Announces Pricing of $650 Million 3.00% Convertible Notes
2024-03-04 12:00 ET
MP Materials Announces Proposed Offering of Convertible Notes
2024-03-04 12:00 ET
MP Materials Announces New Share Repurchase Authorization
2024-02-22 21:05 ET
MP Materials Reports Fourth Quarter and Full Year 2023 Results
2024-02-20 21:05 ET
MP Materials to Participate in Upcoming Conferences
2024-02-01 21:05 ET
MP Materials Announces Date for Fourth Quarter and Full Year 2023 Financial Results and Webcast
2023-12-15 09:00 ET
Neotech Metals Corp. Announces Strategic Option of the Thor REE Project
2023-11-02 20:05 ET
MP Materials Reports Third Quarter 2023 Results
2023-10-23 20:05 ET
MP Materials to Participate in Upcoming Conferences
2023-10-12 20:05 ET
MP Materials Announces Date for Third Quarter Financial Results and Webcast
2023-09-14 20:05 ET
MP Materials to Participate in the D.A. Davidson Diversified Industrials and Services Conference
2023-08-31 20:05 ET
MP Materials to Participate in Upcoming Conferences
2023-08-03 20:05 ET
MP Materials Reports Second Quarter 2023 Results
2023-07-13 20:05 ET
MP Materials Announces Date for Second Quarter Financial Results and Webcast
2023-06-14 20:05 ET
MP Materials to Participate in the J.P. Morgan Energy, Power & Renewables Conference
2023-05-30 20:05 ET
MP Materials to Participate in Upcoming Conferences
2023-05-04 20:05 ET
MP Materials Reports First Quarter 2023 Results
2023-04-20 20:05 ET
MP Materials Announces Date for First Quarter Financial Results and Webcast
2023-03-08 23:22 ET
MP Materials Elects Arnold W. Donald to Board
2023-02-23 21:05 ET
MP Materials Reports Fourth Quarter and Full Year 2022 Results
2023-02-21 21:05 ET
MP Materials and Sumitomo Corporation Strengthen Rare Earth Supply in Japan
2023-02-20 21:05 ET
MP Materials to Participate in the BMO Global Metals, Mining and Critical Minerals Conference
2023-02-09 21:05 ET
MP Materials Announces Date for Fourth Quarter and Full Year 2022 Financial Results and Webcast
2022-12-29 21:05 ET
MP Materials to Participate in the Morgan Stanley 9th Annual Auto 2.0 Conference
2022-11-03 20:05 ET
MP Materials Reports Third Quarter 2022 Results and Begins Stage II Commissioning
2022-10-24 20:05 ET
MP Materials to Participate in the Gabelli Funds 46th Annual Automotive Symposium
2022-10-20 20:05 ET
MP Materials Announces Date for Third Quarter 2022 Financial Results and Webcast
2022-09-15 20:05 ET
MP Materials to Participate in Upcoming Conference
2022-09-01 20:05 ET
MP Materials to Participate in Upcoming Conferences
2022-08-04 20:05 ET
MP Materials Reports Second Quarter 2022 Results
2022-08-01 20:05 ET
MP Materials to Participate in Upcoming Conferences
2022-07-22 22:45 ET
MP Materials Set to Join S&P MidCap 400
2022-07-21 20:05 ET
MP Materials Announces Date for Second Quarter 2022 Financial Results and Webcast
2022-06-16 20:05 ET
MP Materials to Participate in the J.P. Morgan 2022 Energy, Power & Renewables Conference
2022-06-01 20:05 ET
MP Materials to Participate in Upcoming Conferences
2022-05-10 20:05 ET
MP Materials to Participate in Upcoming Conferences
2022-05-05 20:05 ET
MP Materials Reports First Quarter 2022 Results
2022-04-22 17:35 ET
MP Materials Announces Date for First Quarter 2022 Financial Results and Webcast
2022-02-24 21:05 ET
MP Materials Reports Fourth Quarter and Full Year 2021 Results
2022-02-22 15:14 ET
MP Materials Awarded Department of Defense Heavy Rare Earth Processing Contract
2022-02-18 21:05 ET
MP Materials to Participate in Upcoming Conferences
2022-02-03 18:34 ET
MP Materials Announces Date for Fourth Quarter and Full Year 2021 Financial Results and Webcast
2022-02-03 15:54 ET
MP Alert: Monsey Firm of Wohl & Fruchter LLP Investigating MP Materials Corp.
2022-02-03 ET
MP Alert: Monsey Firm of Wohl & Fruchter LLP Investigating MP Materials Corp.
2022-01-18 ET
MP Materials to Participate in the Baird Vehicle Technology and Mobility Conference
2021-12-29 ET
MP Materials to Participate in Morgan Stanley’s 8th Annual Auto 2.0 Conference
2021-11-04 ET
MP Materials Reports Third Quarter 2021 Results
2021-10-26 ET
Couloir Capital Ltd. Is Pleased to Announce the Initiation of Research Coverage on MP Materials Corp.
2021-10-25 ET
MP Materials to Participate in 45th Annual Gabelli Automotive Symposium
2021-10-21 ET
MP Materials Announces Timing of Third Quarter 2021 Financial Results and Webcast
2021-09-14 ET
MP Materials Announces Pricing of Upsized Secondary Public Offering of Common Stock by Selling Stockholders
2021-09-13 ET
MP Materials Announces Proposed Secondary Public Offering of Common Stock by Selling Stockholders
2021-09-01 ET
MP Materials to Participate in Upcoming Virtual Conferences
2021-08-05 ET
MP Materials Reports Second Quarter 2021 Results
2021-07-22 ET
MP Materials Announces Timing of Second Quarter 2021 Financial Results and Webcast
2021-05-13 ET
MP Materials to Participate in Upcoming Virtual Conferences