MP Materials Corp.
MP- Exchange
- NYSE
- Industry
- Metal Mining
- SEC CIK
- 0001801368
No open-market purchases or sales by MP Materials Corp. insiders were filed in the last 90 days; 761 institutions reported holding it in 13F filings for Q2 2026, worth $8.22B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:59 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $85.9M (38.3% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 20, 2025 | Feb 22, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Revenue | $224.4M | $203.9M | $253.4M | $527.5M | $332.0M |
| Selling, general and administrative | $112.1M | $83.3M | $79.2M | $75.8M | $57.2M |
| Operating income | -$149.4M | -$169.4M | -$17.7M | $327.4M | $165.3M |
| Interest expense | – | $23.4M | $5.25M | $5.79M | $8.90M |
| Income tax | -$31.9M | -$27.9M | $8.77M | $52.1M | $25.2M |
| Net income | -$85.9M | -$65.4M | $24.3M | $289.0M | $135.0M |
| EPS, basic | $-0.50 | $-0.39 | $0.14 | $1.64 | $0.78 |
| EPS, diluted | $-0.50 | $-0.57 | $0.14 | $1.52 | $0.73 |
| Weighted shares, basic | 170.1M | 166.8M | 177.2M | 176.5M | 173.5M |
| Weighted shares, diluted | 170.1M | 169.9M | 178.2M | 193.5M | 189.8M |
| Margins and growth | |||||
| Operating margin | -66.6% | -83.1% | -7.0% | 62.1% | 49.8% |
| Net margin | -38.3% | -32.1% | 9.6% | 54.8% | 40.7% |
| Revenue growth, year over year | +10.1% | −19.6% | −52.0% | +58.9% | +147.2% |
| Net income growth, year over year | – | −369.2% | −91.6% | +114.0% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025! | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 20, 2025 | Feb 22, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Cash and equivalents | $1.17B | $282.4M | $263.4M | $136.6M | $1.18B |
| Accounts receivable | $14.6M | $18.9M | $10.0M | $32.9M | $51.0M |
| Inventory | $171.6M | $107.9M | $95.2M | $57.6M | $38.7M |
| Total current assets | $2.17B | $1.03B | $1.13B | $1.29B | $1.28B |
| Property, plant and equipment | $1.37B | $1.25B | $1.16B | $935.7M | $610.6M |
| Intangible assets | $6.17M | $7.37M | $8.88M | – | – |
| Total assets | $3.86B | $2.33B | $2.34B | $2.24B | $1.89B |
| Accounts payable | $36.7M | $23.6M | $28.0M | – | – |
| Short-term debt | $67.4M | – | – | – | $0 |
| Total current liabilities | $299.0M | $164.0M | $108.5M | $97.5M | $59.5M |
| Long-term debt | $931.3M | $908.7M | $682.0M | $678.4M | $674.9M |
| Total liabilities | $1.47B | $1.28B | $970.7M | $925.2M | $880.9M |
| Shareholders' equity | $1.98B | $1.05B | $1.37B | $1.31B | $1.01B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 20, 2025 | Feb 22, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Operating cash flow | -$155.8M | $13.3M | $62.7M | $343.5M | $102.0M |
| Capital expenditures | $172.4M | $186.4M | $261.9M | $326.6M | $123.9M |
| Free cash flow | -$328.1M | -$173.1M | -$199.2M | $16.9M | -$21.9M |
| 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 |
| Share buybacks | $0 | $225.1M | – | – | – |
| Investing cash flow | -$206.0M | $10.1M | $68.7M | -$1.36B | -$119.4M |
| Financing cash flow | $1.25B | -$4.79M | -$9.92M | -$24.2M | $666.1M |
| Net change in cash | $883.8M | $18.6M | $121.5M | -$1.04B | $648.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 13.4% | 11.4% | 10.0% | 6.0% | 6.9% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 30, 2026 | 178.3M | +0.6% | SEC |
| Jul 31, 2026 | 178.1M | +0.6% | SEC |
| Apr 30, 2026 | 178.0M | +8.9% | SEC |
| Feb 20, 2026 | 177.7M | +8.7% | SEC |
| Oct 31, 2025 | 177.2M | +8.6% | SEC |
| Aug 1, 2025 | 177.1M | +7.1% | SEC |
| May 2, 2025 | 163.5M | −1.1% | SEC |
| Feb 20, 2025 | 163.4M | −8.2% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.