FY2025 · ended Dec 31, 2025 · Revenue $1.64M · Filed Mar 30, 2026
USA Rare Earth, Inc. (USAR) files with the SEC under industry code 1000, Metal Mining. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.6 million and a net loss of $297.6 million. Free cash flow was -$86.3 million. As of Jun 30, 2026 it held $1.5 billion in cash and investments and $3.2 million in total debt.
Revenue
$1.64M
Net income (TTM)
$-284.21M
-186.1% vs year-ago TTM
Operating cash flow (TTM)
$-106.07M
-362.1% vs year-ago TTM
Free cash flow (TTM)
$-245.52M
EPS (TTM)
$-1.80
Dividend per share
None
Shares outstanding
148.06M
Net cash
$1.53B
as of Jun 30, 2026
Operating margin
-3621.6%
FY 2025
Company profile
- Industry
- Metal Mining (SIC 1000)
- Listed as
- USAR (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Stillwater, OK
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1970622
- Former names
- Inflection Point Acquisition Corp. II (until Mar 11, 2025)
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 |
|---|---|---|---|
| Revenue | $1.6M | — | — |
| Operating income | -$59.5M | -$15.6M | -$985,212 |
| Net income | -$297.6M | -$15.7M | $6.7M |
| Diluted EPS | -$3.31 | — | — |
| Operating cash flow | -$49.0M | -$13.0M | -$948,006 |
| Free cash flow | -$86.3M | — | — |
| Total assets | $695.0M | $69.1M | $259.5M |
| Total liabilities | $191.8M | $15.1M | $13.4M |
| Stockholders' equity | $494.3M | — | — |
| Cash and investments | $359.9M | $24.1M | $259.2M |
| Total debt | $1.2M | — | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Oct 1, 2026 | Oct 1, 2026 |
| 8-K |
Current report
Other events
|
Sep 15, 2026 | Sep 15, 2026 |
| 8-K |
Current report
Material agreement, Acquisition or sale of assets, New debt, Unregistered share sale, Officer or director change, Regulation FD disclosure, Other events
|
Sep 4, 2026 | Sep 3, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Aug 31, 2026 | Aug 28, 2026 |
| 8-K |
Current report
Other events
|
Aug 24, 2026 | Aug 21, 2026 |
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
All 361 USA Rare Earth, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.