MP Materials Corp. / DE
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $224.4M | $203.9M | $253.4M | $527.5M | $332.0M |
| Selling, general & administrative | $112.1M | $83.3M | $79.2M | $75.9M | $56.6M |
| Operating income | -$149.4M | -$169.4M | -$17.7M | $327.4M | $165.3M |
| Interest expense | $31.5M | $23.0M | $5.3M | $5.8M | $8.9M |
| Pretax income | -$117.8M | -$93.3M | $33.1M | $341.2M | $160.2M |
| Income tax expense | -$31.9M | -$27.9M | $8.8M | $52.1M | $25.2M |
| Net income | -$85.9M | -$65.4M | $24.3M | $289.0M | $135.0M |
| Balance Sheet | |||||
| Cash and equivalents | $1.2B | $282.4M | $263.4M | $136.6M | $1.2B |
| Current assets | $2.2B | $1.0B | $1.1B | $1.3B | $1.3B |
| Total assets | $3.9B | $2.3B | $2.3B | $2.2B | $1.9B |
| Current liabilities | $299.0M | $164.0M | $108.5M | $97.5M | $59.5M |
| Total liabilities | $1.5B | $1.3B | $970.7M | $925.2M | $880.9M |
| Total debt | $1.1B | $930.5M | $690.0M | — | — |
| Stockholders' equity | $2.0B | $1.1B | $1.4B | $1.3B | $1.0B |
| Cash Flow Statement | |||||
| Cash from operations | -$155.8M | $13.3M | $62.7M | $343.5M | $102.0M |
| Depreciation and amortization | $89.3M | $78.1M | $55.7M | $18.4M | $24.4M |
| Stock-based compensation | $30.2M | $23.2M | $25.2M | $31.8M | $22.9M |
| Capital expenditure | $172.4M | $186.4M | $261.9M | $326.6M | $123.9M |
| Free cash flow | -$328.1M | -$173.1M | -$199.2M | $16.9M | -$21.9M |
| Share repurchases | $0 | $225.1M | $0 | $0 | — |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 178.0M · Free float 71.7%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.