MP MP MATERIALS CORP revenue, earnings and financials

For the quarter ended June 30, 2026, MP MATERIALS CORP reported revenue of $108M (up 89.0% from a year earlier), net income of −$20.3M and diluted EPS of −$0.11; over the last four quarters revenue was $305M and net income −$60.6M; for the fiscal year ended December 2025 revenue was $224M, up 10.1% on the year before.

MP annual revenue and earnings

• Fiscal year ended Dec 2025: revenue $224M, gross profit n/a, operating income −$149M, net income −$85.9M (margin -38.3%), EPS −$0.50
• Fiscal year ended Dec 2024: revenue $204M, gross profit n/a, operating income −$169M, net income −$65.4M (margin -32.1%), EPS −$0.57
• Fiscal year ended Dec 2023: revenue $253M, gross profit n/a, operating income −$17.7M, net income $24.3M (margin 9.6%), EPS $0.14
• Fiscal year ended Dec 2022: revenue $528M, gross profit n/a, operating income $327M, net income $289M (margin 54.8%), EPS $1.52
• Fiscal year ended Dec 2021: revenue $332M, gross profit n/a, operating income $165M, net income $135M (margin 40.7%), EPS $0.73

MP quarterly revenue and earnings

• Quarter ended Jun 30, 2026: revenue $108M (up 89.0% year over year), net income −$20.3M, EPS −$0.11
• Quarter ended Mar 31, 2026: revenue $90.6M (up 49.1% year over year), net income −$7.97M, EPS −$0.04
• Quarter ended Dec 31, 2025 (from the annual report): revenue $52.7M (down 13.6% year over year), net income $9.43M, EPS $0.07
• Quarter ended Sep 30, 2025: revenue $53.6M (down 14.9% year over year), net income −$41.8M, EPS −$0.24
• Quarter ended Jun 30, 2025: revenue $57.4M (up 83.6% year over year), net income −$30.9M, EPS −$0.19
• Quarter ended Mar 31, 2025: revenue $60.8M (up 24.9% year over year), net income −$22.6M, EPS −$0.14
• Quarter ended Dec 31, 2024 (from the annual report): revenue $61.0M (up 48.0% year over year), net income −$22.3M, EPS −$0.12
• Quarter ended Sep 30, 2024: revenue $62.9M (up 19.8% year over year), net income −$25.5M, EPS −$0.16
• Quarter ended Jun 30, 2024: revenue $31.3M (down 51.2% year over year), net income −$34.1M, EPS −$0.21
• Quarter ended Mar 31, 2024: revenue $48.7M (down 49.1% year over year), net income $16.5M, EPS −$0.08
• Quarter ended Dec 31, 2023 (from the annual report): revenue $41.2M (down 55.8% year over year), net income −$16.3M, EPS −$0.08
• Quarter ended Sep 30, 2023: revenue $52.5M (down 57.8% year over year), net income −$4.28M, EPS −$0.02
• Quarter ended Jun 30, 2023: revenue $64.0M (down 55.4% year over year), net income $7.40M, EPS $0.04
• Quarter ended Mar 31, 2023: revenue $95.7M (down 42.4% year over year), net income $37.4M, EPS $0.20
• Quarter ended Dec 31, 2022 (from the annual report): revenue $93.2M (down 5.9% year over year), net income $67.0M, EPS $0.36
• Quarter ended Sep 30, 2022: revenue $124M (up 24.8% year over year), net income $63.2M, EPS $0.33
• Quarter ended Jun 30, 2022: revenue $144M (up 96.3% year over year), net income $73.3M, EPS $0.38
• Quarter ended Mar 31, 2022: revenue $166M (up 177.2% year over year), net income $85.6M, EPS $0.45
• Quarter ended Dec 31, 2021 (from the annual report): revenue $99.1M, net income $49.0M, EPS $0.26
• Quarter ended Sep 30, 2021: revenue $99.8M, net income $42.8M, EPS $0.23

MP cash flow, buybacks and dividends

• Fiscal year ended Dec 2025: operating cash flow −$156M, share buybacks $0
• Fiscal year ended Dec 2024: operating cash flow $13.3M, share buybacks $225M
• Fiscal year ended Dec 2023: operating cash flow $62.7M, share buybacks $0
• Fiscal year ended Dec 2022: operating cash flow $344M, share buybacks $0
• Fiscal year ended Dec 2021: operating cash flow $102M, share buybacks n/a

MP balance sheet

• Jun 30, 2026: cash $429M, total assets $3.73B, total liabilities $1.36B, shareholders' equity $1.96B, long-term debt $935M
• Mar 31, 2026: cash $886M, total assets $3.84B, total liabilities $1.46B, shareholders' equity $1.97B, long-term debt $933M
• Dec 31, 2025: cash $1.17B, total assets $3.86B, total liabilities $1.47B, shareholders' equity $1.98B, long-term debt $931M
• Sep 30, 2025: cash $1.15B, total assets $3.80B, total liabilities $1.42B, shareholders' equity $1.96B, long-term debt $930M
• Jun 30, 2025: cash $262M, total assets $2.34B, total liabilities $1.33B, shareholders' equity $1.01B, long-term debt $843M
• Mar 31, 2025: cash $198M, total assets $2.37B, total liabilities $1.33B, shareholders' equity $1.04B, long-term debt $842M
• Dec 31, 2024: cash $282M, total assets $2.33B, total liabilities $1.28B, shareholders' equity $1.05B, long-term debt $909M
• Sep 30, 2024: cash $284M, total assets $2.30B, total liabilities $1.24B, shareholders' equity $1.06B, long-term debt $938M

What is MP's revenue?

MP MATERIALS CORP reported $305M of revenue over its last four quarters, through June 30, 2026.

Is MP profitable?

No. MP MATERIALS CORP lost $60.6M over the last four quarters.

What is MP's EPS?

Diluted earnings per share over the last four quarters were −$0.32; −$0.11 in the latest quarter.

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