MP Materials financials
$45.43−2.20%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 |
|---|---|---|---|---|---|---|
| Revenue | $275.5M | $203.9M | $253.4M | $527.5M | $332.0M | $134.3M |
| Gross profit | $82.7M | $11.3M | $160.7M | $435.3M | $255.7M | $70.5M |
| Gross margin | 30.0% | 5.5% | 63.4% | 82.5% | 77.0% | 52.5% |
| Operating income | -$147.2M | -$165.1M | -$10.5M | $327.4M | $165.3M | $32.0M |
| Net income | -$85.9M | -$65.4M | $24.3M | $289.0M | $135.0M | -$21.8M |
| Net margin | −31.2% | −32.1% | 9.6% | 54.8% | 40.7% | −16.2% |
| Diluted EPS | $-0.50 | $-0.57 | $0.14 | $1.52 | $0.73 | $-0.27 |
| EBITDA | -$57.9M | -$87.0M | $45.2M | $345.8M | $189.7M | $38.9M |
| Operating cash flow | -$155.8M | $13.3M | $62.7M | $343.5M | $102.0M | $3.3M |
| Free cash flow | -$328.1M | -$173.1M | -$199.2M | $16.9M | -$21.9M | -$19.1M |
| Diluted shares | 170.1M | 169.9M | 178.2M | 193.5M | 189.8M | 79.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.17B | $282.4M | $263.4M | $136.6M | $1.18B | $519.7M |
| Short-term investments | $664.3M | $568.4M | $734.5M | $1.05B | $0.00 | — |
| Total debt | $998.7M | $908.7M | $682.0M | $678.4M | $674.9M | $4.4M |
| Total assets | $3.86B | $2.33B | $2.34B | $2.24B | $1.89B | $1.07B |
| Total liabilities | $1.47B | $1.28B | $970.7M | $925.2M | $880.9M | $220.4M |
| Shareholders' equity | $1.98B | $1.05B | $1.37B | $1.31B | $1.01B | $853.9M |
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