USA Rare Earth, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 |
|---|---|---|---|
| Income Statement | |||
| Revenue | $1.6 | $0.0 | — |
| Operating income | -$59.5 | -$15.6 | -$1.0 |
| Net income | -$297.6 | -$15.7 | $6.7 |
| Cash Flow Statement | |||
| Free cash flow | -$86.3 | -$16.1 | — |
| Share repurchases | — | $246.9 | — |
Shares outstanding 244.7M · Free float 68.5%
Annual filing data through FY ended December 31, 2025; float as of October 6, 2026.
Earnings
Other Coverage
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
August 25, 2026
Deals
USA Rare Earth to Close Serra Verde Acquisition After Shareholder Vote
August 14, 2026
Industry Earnings Roundup
Materials & Chemicals: Demand and Pricing Firm, Costs Squeeze
July 23, 2026
Deals
USA Rare Earth to Acquire Carester Assets in France Processing Deal
July 17, 2026
Deals
USA Rare Earth to Buy SVRE Holdings in $300 Million Mixed Deal
July 4, 2026
Filings Beige Book
Companies Report Firm Demand, Relentless Cost Pressure