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MP · NYSE · Industrial Materials

MP Materials (MP)

Mines, separates, and converts U.S. rare earths into permanent magnets.

$49.00

vs last close−1.00 (−2.00%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	53	41	49	31	63	61	61	57	54	53	91	108
Cost of revenue	39	42	54	60	77	80	70	71	71	70	106	72
Gross profit	14	−1	−5	−28	−14	−19	−9	−14	−17	−17	−16	36
	31	33	22	25	26	25	25	30	48	−14	3	51
Research & development	3	−11	0	2	2	1	0	2	19	2	2	1
	20	21	21	21	22	19	24	27	28	32	34	35
General & administrative	0	0	0	0	0	0	0	0	0	0	0	35
Other expenses	9	22	0	2	2	4	1	0	1	−49	−33	14
Operating income	−18	−34	−27	−53	−40	−44	−35	−44	−66	−3	−18	−15
	13	13	51	5	5	10	8	1	7	13	5	−15
Interest income	14	14	13	12	12	10	9	8	17	19	16	0
Interest expense	1	1	3	7	7	7	8	5	9	10	7	10
Other non-operating income	−14	−14	−53	−12	−11	−17	−15	−7	−16	−23	−14	5
Income before tax	−4	−21	24	−48	−35	−34	−27	−43	−58	11	−14	−29
Income tax expense	0	−4	7	−14	−9	−12	−5	−12	−17	1	−6	−9
Net income from continuing operations	−4	−16	16	−34	−26	−22	−23	−31	−42	9	−8	−20
Net income	−4	−16	16	−34	−26	−22	−23	−31	−42	9	−8	−20
EPS, basic	−$0.02	−$0.09	$0.09	−$0.21	−$0.16	−$0.14	−$0.14	−$0.19	−$0.24	$0.05	−$0.04	−$0.11
EPS, diluted	−$0.02	−$0.09	−$0.08	−$0.21	−$0.16	−$0.14	−$0.14	−$0.19	−$0.24	$0.05	−$0.04	−$0.11
Weighted average shares, basic	177	178	175	165	164	163	164	164	174	178	178	178
Weighted average shares, diluted	177	178	187	165	164	163	164	164	175	199	199	178
EBITDA	14	−1	45	−23	−9	−5	2	−17	−27	45	28	16
Depreciation & amortization	17	19	19	18	19	22	21	21	22	25	32	35
EBIT	−3	−20	26	−41	−28	−27	−20	−37	−50	20	−4	−20