MP Materials Corp. / DE (MP) Financial Statements
Industry: Metal Mining
In fiscal 2025, MP Materials Corp. / DE reported revenue of $224.4M, up 10.1% from $203.9M the year before. Net income was -$85.9M (a -38.3% net margin), or -$0.50 per diluted share. Gross margin was -89.3% and operating margin was -66.6%. Operating activities generated -$155.8M of cash, leaving -$328.1M of free cash flow. At fiscal year end, MP Materials Corp. / DE held $3.86B in total assets against $1.47B in total liabilities, including $1.17B of cash and equivalents.
Open the full interactive MP Materials Corp. / DE financials → Quarterly statements, key ratios, valuation history and price charts.
MP Materials Corp. / DE Key Stats
| Share Price | $42.43 |
|---|---|
| Market Cap | $7.57B |
| Revenue YoY Growth | +10.1% |
| 52-Week Range | $38.10 – $98.65 |
| Shares Outstanding | 178.4 million (basic, 2026 Q2) |
MP Materials Corp. / DE Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $134.3M | $332.0M | $527.5M | $253.4M | $203.9M | $224.4M |
| Cost of Goods Sold | $169.0M | $166.6M | $200.1M | $271.2M | $373.3M | $424.8M |
| Gross Profit | -$34.7M | $165.3M | $327.4M | -$17.7M | -$169.4M | -$200.4M |
| Operating Income | -$34.7M | $165.3M | $327.4M | -$17.7M | -$169.4M | -$149.4M |
| Pre-Tax Income | -$39.5M | $160.2M | $341.2M | $33.1M | -$93.3M | -$117.8M |
| Income Tax | -$17.6M | $25.2M | $52.1M | $8.8M | -$27.9M | -$31.9M |
| Net Income | -$21.8M | $135.0M | $289.0M | $24.3M | -$65.4M | -$85.9M |
| Diluted EPS | -$0.27 | $0.73 | $1.52 | $0.14 | -$0.57 | -$0.50 |
MP Materials Corp. / DE Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $53.6M | $52.7M | $90.6M | $108.5M |
| Net Income | -$41.8M | $9.4M | -$8.0M | -$20.3M |
| Diluted EPS | -$0.24 | $0.06 | -$0.04 | -$0.11 |
MP Materials Corp. / DE Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $519.7M | $1.18B | $136.6M | $263.4M | $282.4M | $1.17B |
| Current Assets | $561.0M | $1.28B | $1.29B | $1.13B | $1.03B | $2.17B |
| Total Assets | $1.07B | $1.89B | $2.24B | $2.34B | $2.33B | $3.86B |
| Current Liabilities | $43.1M | $59.5M | $97.5M | $108.5M | $164.0M | $299.0M |
| Total Long-Term Debt | — | $674.9M | $678.4M | $682.0M | $908.7M | $998.7M |
| Total Liabilities | $220.4M | $880.9M | $925.2M | $970.7M | $1.28B | $1.47B |
| Shareholders' Equity | $853.9M | $1.01B | $1.31B | $1.37B | $1.05B | $1.98B |
MP Materials Corp. / DE Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.3M | $102.0M | $343.5M | $62.7M | $13.3M | -$155.8M |
| Cash From Investing | -$22.4M | -$119.4M | -$1.36B | $68.7M | $10.1M | -$206.0M |
| Cash From Financing | $522.0M | $666.1M | -$24.2M | -$9.9M | -$4.8M | $1.25B |
| Free Cash Flow | -$19.1M | -$21.9M | $16.9M | -$199.2M | -$173.1M | -$328.1M |
Figures from MP Materials Corp. / DE's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full MP Materials Corp. / DE financials page for every line item.
MP Materials Corp. / DE Company Profile
| Ticker | MP |
|---|---|
| Exchange | NYSE |
| Industry | Metal Mining |
| Headquarters | Las Vegas, Nevada |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001801368 |
Frequently Asked Questions
What was MP Materials Corp. / DE's revenue in fiscal 2025?
MP Materials Corp. / DE (MP) reported revenue of $224.4M for fiscal 2025.
What is MP Materials Corp. / DE's annual revenue history?
MP Materials Corp. / DE's annual revenue by fiscal year: 2020: $134.3M; 2021: $332.0M; 2022: $527.5M; 2023: $253.4M; 2024: $203.9M; 2025: $224.4M.
What was MP Materials Corp. / DE's net income in fiscal 2025?
MP Materials Corp. / DE reported net income of -$85.9M for fiscal 2025.
What was MP Materials Corp. / DE's earnings per share (EPS) in fiscal 2025?
MP Materials Corp. / DE's diluted EPS was -$0.50 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did MP Materials Corp. / DE generate in fiscal 2025?
MP Materials Corp. / DE generated -$328.1M of free cash flow in fiscal 2025.
What was MP Materials Corp. / DE's revenue last quarter?
In its most recent reported quarter (2026 Q2), MP Materials Corp. / DE reported revenue of $108.5M.
How much debt does MP Materials Corp. / DE have?
MP Materials Corp. / DE reported $998.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of MP Materials Corp. / DE are outstanding?
MP Materials Corp. / DE reported a weighted average of 178.4 million basic shares outstanding in 2026 Q2.
What is MP Materials Corp. / DE's market cap?
Based on its latest closing price, MP Materials Corp. / DE (MP) has a market capitalization of about $7.57B.
When does MP Materials Corp. / DE's fiscal year end?
MP Materials Corp. / DE's fiscal year end, as registered with the SEC, is December 31.
Where is MP Materials Corp. / DE headquartered?
MP Materials Corp. / DE lists its business address in Las Vegas, Nevada in its SEC filings.