Revenue segments as reported by the company.

Rare earth concentrate

Other rare earth products

NdPr oxide and metal

Magnetics Segment

Intercompany eliminations

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Accretion of asset retirement and environmental obligations

Loss on sale or disposal of long-lived assets, net

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

MP Materials

MP Materials Corp. engages in the production and marketing of rare earth specialty materials. It owns and operates Mountain Pass, an industrial asset, which is the only rare earth mining and processing site of scale in the Western Hemisphere. The company was founded by James Henry Litinsky and Michael Rosenthal in 2017 and is headquartered in Las Vegas, NV.

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Earnings data Q4 2025

Earnings data Q1 2026

Earnings data Q2 2026

MP Materials achieves record production despite pricing challenges in Q2

MP Materials reported strong Q2 2023 performance with record Stage I production and a focus on long-term industry prospects.
Challenges include increased production costs and lower realized pricing, impacting financial metrics like adjusted EBITDA and EPS.
Opportunities lie in improving production efficiency for 2024, adjusting sales strategies, and monitoring potential benefits from programs like 48C.
The company's strengths include product flexibility, strong demand, and progress in the downstream magnetics business at the Fort Worth facility.

MP Materials maintains strong performance and low-cost production outlook

MP Materials shows strong performance in REO production and financial stability.
Confidence in maintaining low-cost production and expectations of revenue uplift.
Challenges include operational uncertainties and potential impacts of external factors.
Opportunities lie in global trends, strategic partnerships, and a bullish pricing environment.

MP Materials overcomes pricing challenges, eyes growth in hybrid vehicles

MP Materials navigated market challenges in Q4 2023, showcasing operational improvements and resilience in a tough pricing environment. The company's strategic focus on cost efficiency, growth prospects in hybrid vehicles, and potential M&A opportunities position it for future success.

MP Materials reports Q1 challenges but positions for rare earth growth

MP Materials navigated challenges in pricing and EBITDA in Q1 2024 but showcased operational strengths and growth potential in rare earth metals.
The company's focus on downstream business expansion, market demand in electrification, and capital structure improvements position it for future success.
Despite near-term challenges, MP Materials' strategic initiatives and market opportunities signal a path towards profitability and competitive resilience.

MP Materials overcomes Q2 challenges, eyes record production growth

MP Materials navigated operational challenges in Q2 2024 but anticipates significant growth opportunities ahead, including increased production levels and strategic partnerships. The company aims to enhance production efficiency, reduce costs, and maximize realized prices to drive long-term success.

MP Materials achieves record production in Q3 2024, eyes growth

MP Materials delivered a stellar performance in Q3 2024, setting new production records and showcasing operational excellence.
While facing challenges such as flat Q4 production and financial uncertainties, the company remains well-positioned for growth.
With opportunities for revenue growth and cost efficiencies on the horizon, MP Materials is poised for a promising future.

MP Materials excels in 2024 with record production and strategic partnerships

MP Materials had a successful year in 2024, marked by production milestones, revenue growth, and strategic partnerships. While facing challenges in cost optimization and profitability, the company's strong performance and focus on growth present opportunities for further market expansion and success.

MP Materials excels in Q1 with record production and growth opportunities

MP Materials showcased strong performance in Q1 2025, with record production and positive financial indicators. The company's emphasis on self-sufficiency in rare earth supply, partnerships, and growth acceleration highlights a promising future outlook. Addressing challenges related to domestic supply chain needs and operational efficiency will be crucial for sustained success.

MP Materials excels in Q2 2025 with strategic partnerships driving growth

MP Materials delivered a strong Q2 performance driven by strategic partnerships, operational excellence, and revenue growth in key segments. The company's focus on execution, healthy balance sheet, and planned investments signal a promising outlook for future growth and market expansion.

MP Materials reports robust Q3 performance, eyes profitability and growth

MP Materials demonstrated strong operational performance and strategic partnerships in Q3, positioning the company for profitability and growth. While facing challenges in operational aspects and customer diversification, the company's focus on innovation and sustainability presents opportunities for market expansion. Overall, MP Materials remains well-positioned in the rare earths industry, leveraging its strengths to overcome challenges and capitalize on growth opportunities.

MP Materials doubles NdPr oxide output, plans $500-600M expansion

MP Materials had a successful Q4 2025, achieving record production levels and signing significant long-term NdPr offtake agreements. The company is poised for expansion with plans for a new 10X facility in Northlake, Texas and anticipates total capital expenditures of $500-600 million in 2026. While facing challenges in managing capital expenditures and optimizing production systems, MP Materials is focused on executing projects and capitalizing on growth opportunities.

MP Materials excels in Q1 2026, eyes growth opportunities ahead

MP Materials had a robust Q1 2026, with strong operational and financial performance in both Materials and Magnetics segments. Despite some challenges in production and CapEx, the company is well-positioned for growth and revenue generation.

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MP Materials Corp. engages in the production and marketing of rare earth specialty materials. It operates through the following segments: Materials and Magnetics. The Materials segment focuses on the operation of Mountain Pass, which produces refined rare earth oxides and related products, as well as rare earth concentrate products. The Magnetics segment is involved in the operation of Independence Facility, where the company began production of magnetic precursor products. The company was founded by James Henry Litinsky and Michael Rosenthal in 2017 and is headquartered in Las Vegas, NV.