MP Materials Corp. / DE balance sheet MP

Annual Quarterly

As of Sep 30, 2026, MP Materials Corp. / DE had total assets of $3.8 billion and total liabilities of $1.4 billion. Total assets were down 0.3% from a year earlier. Stockholders' equity was $2.0 billion. It held $1.3 billion in cash and investments against $953.3 million of total debt, net cash of $384.6 million. The current ratio, current assets divided by current liabilities, was 6.75.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

FY 2026
Sep 30, 2026
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
FY 2020
Dec 31, 2020
Assets
Cash
260
-77.3%
1,166
+312.8%
282
+7.2%
263
+92.8%
137
-88.4%
1,179
+126.9%
520
Short-term investments
1,078
+35.8%
664
+16.9%
568
-22.6%
734
-29.8%
1,046
—
—
Cash and investments
1,338
-31.0%
1,830
+115.1%
851
-14.7%
998
-15.6%
1,182
+0.3%
1,179
+126.9%
520
Receivables
64
+333.2%
15
-21.5%
19
+85.9%
10
-69.5%
33
-35.6%
51
+1321.3%
4
Inventory
176
+22.0%
172
+59.0%
108
+13.4%
95
+65.4%
58
+48.7%
39
+19.9%
32
Total current assets
1,655
-23.9%
2,166
+110.0%
1,031
-8.8%
1,131
-12.6%
1,294
+1.3%
1,277
+127.6%
561
Property and equipment, net
1,758
+34.6%
1,370
+9.5%
1,251
+8.1%
1,158
+23.8%
936
+53.2%
611
+21.6%
502
Total assets
3,786
-0.3%
3,864
+65.6%
2,334
-0.1%
2,336
+4.4%
2,238
+18.4%
1,890
+75.9%
1,074
Liabilities and equity
Accounts payable
80
+215.9%
37
+55.6%
24
-15.8%
28
—
—
—
Total current liabilities
245
-9.3%
299
+82.3%
164
+51.1%
109
+11.4%
97
+63.7%
60
+38.3%
43
Total liabilities
1,423
+0.2%
1,472
+15.1%
1,279
+31.7%
971
+4.9%
925
+5.0%
881
+299.7%
220
Stockholders' equity
1,950
-0.7%
1,979
+87.6%
1,055
-22.8%
1,366
+4.0%
1,313
+30.1%
1,009
+18.1%
854
Debt
Debt due within a year
—
67
—
—
—
—
—
Long-term debt
936
+0.7%
931
+2.5%
909
+33.2%
682
+0.5%
678
+0.5%
675
—
Lease liabilities
17
+36.8%
12
+53.2%
8
-9.2%
8
—
1
-45.0%
2
Total debt
953
-5.6%
1,010
+10.3%
916
+32.7%
690
+1.8%
678
+0.3%
676
+31791.1%
2
Net cash
385
-58.7%
820
+1352.5%
-65
-121.3%
307
-39.0%
504
+0.1%
503
-2.8%
518
Ratios
Current ratio
6.75x
7.24x
6.29x
10.42x
13.27x
21.44x
13.03x
Debt to equity
0.49x
0.51x
0.87x
0.51x
0.52x
0.67x
0.00x
Debt to EBITDA
20.56x
—
—
18.17x
1.96x
3.56x
—
Return on equity
-2.03%
-4.34%
-6.20%
1.78%
22.02%
13.39%
-2.56%
Return on assets
-1.04%
-2.22%
-2.80%
1.04%
12.91%
7.15%
-2.03%
Book value per share
10.94
11.16
6.46
7.67
7.39
5.67
5.00
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

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)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.