MP Materials financials
$45.43−2.20%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $126.1M | $132.9M | $103.7M | $53.6M | $57.4M | $60.8M | $61.0M | $62.9M | $31.3M | $48.7M | $41.2M | $52.5M |
| Gross profit | $53.8M | $58.7M | $58.7M | $5.1M | $7.0M | $12.0M | $2.7M | $5.7M | -$10.2M | $13.1M | $17.6M | $30.3M |
| Gross margin | 42.7% | 44.1% | 56.6% | 9.5% | 12.1% | 19.7% | 4.5% | 9.0% | −32.6% | 26.9% | 42.8% | 57.7% |
| Operating income | -$32.0M | -$24.1M | -$1.5M | -$67.0M | -$43.9M | -$34.8M | -$39.6M | -$39.5M | -$53.1M | -$32.4M | -$33.6M | -$17.5M |
| Net income | -$20.3M | -$8.0M | $9.4M | -$41.8M | -$30.9M | -$22.6M | -$22.3M | -$25.5M | -$34.1M | $16.5M | -$16.3M | -$4.3M |
| Net margin | −16.1% | −6.0% | 9.1% | −78.0% | −53.8% | −37.2% | −36.6% | −40.5% | −108.9% | 33.9% | −39.5% | −8.1% |
| Diluted EPS | $-0.11 | $-0.04 | $0.05 | $-0.24 | $-0.19 | $-0.14 | $-0.14 | $-0.16 | $-0.21 | $-0.08 | $-0.10 | $-0.02 |
| EBITDA | $3.4M | $8.0M | $23.1M | -$44.5M | -$23.1M | -$13.4M | -$17.5M | -$20.2M | -$34.9M | -$14.0M | -$33.6M | -$785.0K |
| Operating cash flow | $6.8M | -$1.9M | -$46.9M | -$42.0M | -$3.7M | -$63.2M | $30.5M | -$6.8M | $30.8M | -$41.1M | -$13.8M | $11.0M |
| Free cash flow | -$223.5M | -$79.3M | -$109.3M | -$92.5M | -$32.7M | -$93.7M | -$11.2M | -$53.3M | -$15.6M | -$93.0M | -$86.8M | -$47.7M |
| Diluted shares | 178.4M | 178.0M | 177.9M | 175.0M | 163.8M | 163.8M | 163.2M | 164.1M | 165.3M | 186.8M | 163.9M | 177.2M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $429.1M | $886.3M | $1.17B | $1.15B | $261.5M | $198.3M |
| Short-term investments | $1.02B | $852.1M | $664.3M | $793.2M | $492.1M | $560.8M |
| Total debt | $934.6M | $1.00B | $998.7M | $997.3M | $910.8M | $909.8M |
| Total assets | $3.73B | $3.84B | $3.86B | $3.80B | $2.34B | $2.37B |
| Total liabilities | $1.36B | $1.46B | $1.47B | $1.42B | $1.33B | $1.33B |
| Shareholders' equity | $1.96B | $1.97B | $1.98B | $1.96B | $1.01B | $1.04B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology