FY2025 · ended Dec 31, 2025 · Revenue $224.44M, +10.1% YoY · Filed Feb 26, 2026
MP Materials Corp. / DE (MP) files with the SEC under industry code 1000, Metal Mining. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $224.4 million and a net loss of $85.9 million. Free cash flow was -$328.1 million. As of Jun 30, 2026 it held $1.5 billion in cash and investments and $952.5 million in total debt.
Revenue (TTM)
$305.38M
+26.1% vs year-ago TTM
Net income (TTM)
$-60.62M
+40.2% vs year-ago TTM
Operating cash flow (TTM)
$-83.96M
-94.3% vs year-ago TTM
Free cash flow (TTM)
$-504.58M
-164.5% vs year-ago TTM
EPS (TTM)
$-0.34
+44.7% vs year-ago TTM
Dividend per share
None
Shares outstanding
177.67M
+8.7% vs prior year
Net cash
$500.12M
as of Jun 30, 2026
Operating margin
-41.5%
FY 2026
Company profile
- Industry
- Metal Mining (SIC 1000)
- Listed as
- MP (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Las Vegas, NV
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1801368
- Former names
- Fortress Value Acquisition Corp. (until Nov 16, 2020)
Other Metal Mining companies
- BHP Group Ltd BHP
- Rio Tinto Ltd RTNTF
- Southern Copper CORP/ SCCO
- Rio Tinto PLC RIO
- Freeport-Mcmoran Inc FCX
- Vale S.A. VALE
- Hudbay Minerals Inc. HBM
- Cleveland-Cliffs Inc. CLF
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $224.4M | $203.9M | $253.4M | $527.5M | $332.0M |
| Operating income | -$149.4M | -$169.4M | -$17.7M | $327.4M | $165.3M |
| Net income | -$85.9M | -$65.4M | $24.3M | $289.0M | $135.0M |
| Diluted EPS | -$0.50 | -$0.57 | $0.14 | $1.52 | $0.73 |
| Operating cash flow | -$155.8M | $13.3M | $62.7M | $343.5M | $102.0M |
| Free cash flow | -$328.1M | -$173.1M | -$199.2M | $16.9M | -$21.9M |
| Total assets | $3.9B | $2.3B | $2.3B | $2.2B | $1.9B |
| Total liabilities | $1.5B | $1.3B | $970.7M | $925.2M | $880.9M |
| Stockholders' equity | $2.0B | $1.1B | $1.4B | $1.3B | $1.0B |
| Cash and investments | $1.8B | $850.9M | $997.8M | $1.2B | $1.2B |
| Total debt | $1.0B | $916.3M | $690.4M | $678.4M | $676.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Aug 7, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 6, 2026 | Aug 6, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 10, 2026 | Jun 9, 2026 |
| 10-Q | Quarterly report | May 8, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
May 7, 2026 | May 7, 2026 |
| ARS | Annual report to shareholders | Apr 24, 2026 | Dec 31, 2025 |
All 540 MP Materials Corp. / DE SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.