USA Rare Earth, Inc.
USARIndustrials & materials
Latest available resultsJune 30, 2026Quarter · 10-Q filed Aug 10, 2026
Next reportNovember 9, 2026after close · forecast -0.161 $/share
Revenue
$5.82M
Net income
−$10.33M
▲ +92.7% vs prior year YoY
EPS
-0.05$
stock split · not comparable
Net margin
-177.5%
Revenue
Margins (% of revenue)GrossOperatingNet
Net income▲ +92.7%
EPS▲ +96.8%
Financial statements
View 10-Q filed August 10, 2026 on SEC ↗| Metric | Sep 2024 | Dec 2024* | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025* | Mar 2026 | Jun 2026 | YoY |
|---|---|---|---|---|---|---|---|---|---|
| Operations | |||||||||
| Revenue | — | — | $0 | $0 | — | — | $5.70M | $5.82M | — |
| Gross profit | — | — | $0 | $0 | — | — | $106.0k | −$1.58M | — |
| Operating income | −$1.96M | −$1.38M | −$8.72M | −$8.80M | −$15.86M | −$26.12M | −$36.67M | −$46.31M | ▼ -426.1% |
| Net income | −$1.87M | $424.8k | $51.83M | −$142.51M | −$156.68M | −$50.20M | −$66.99M | −$10.33M | ▲ +92.7% |
| R&D | $1.16M | $1.40M | $1.69M | $2.58M | $4.45M | $7.17M | $14.25M | $10.77M | ▲ +317.9% |
| EPS (diluted) | -0.03 $ | — | 0.58 $ | -1.54 $ | -1.64 $ | — | -0.34 $ | -0.05 $ | — |
| Margins (% of revenue) | |||||||||
| Gross | — | — | — | — | — | — | 1.9 % | -27.2 % | — |
| Operating | — | — | — | — | — | — | -643.6 % | -795.6 % | — |
| Net | — | — | — | — | — | — | -1175.7 % | -177.5 % | — |
| Balance sheet | |||||||||
| Assets | $269.36M | $69.07M | $77.08M | $179.70M | $323.32M | $695.00M | $2.13B | $3.00B | ▲ +1568.8% |
| Liabilities | $15.83M | $15.13M | $97.33M | $286.39M | $368.63M | $191.81M | $246.27M | $451.51M | ▲ +57.7% |
| Equity | −$15.60M | $34.02M | −$52.66M | −$131.93M | −$58.58M | $494.29M | $1.88B | $2.54B | ▲ +2022.9% |
| Cash | $141.2k | $16.76M | $23.35M | $121.79M | $257.61M | $359.93M | $1.75B | $1.53B | ▲ +1156.4% |
| Capital | |||||||||
| Shares outstanding | — | 81.95M | 90.84M | 97.43M | 132.64M | — | — | — | — |
| Public floatexcluding insiders | — | — | — | — | — | — | — | — | — |
* No 10-Q is filed for a fourth quarter: these amounts are the fiscal year minus the first three quarters, all filed. EPS stays blank — dilution doesn't subtract.