Q2 FY2026 · ended Jun 30, 2026 · Revenue $5.82M, +2.2% YoY · Filed Aug 10, 2026
USA Rare Earth, Inc. (USAR) files with the SEC under industry code 1000, Metal Mining. In Q2 of fiscal 2026, the quarter ended Jun 30, 2026, it reported revenue of $5.8 million and a net loss of $10.3 million. Free cash flow was -$126.6 million. As of Jun 30, 2026 it held $1.5 billion in cash and investments and $3.2 million in total debt.
Revenue
$5.82M
+2.2% vs prior quarter
Net income
$-10.33M
+92.7% vs year-ago quarter
Operating cash flow
$-56.87M
-619.0% vs year-ago quarter
Free cash flow
$-126.61M
-791.3% vs year-ago quarter
EPS
$-0.05
+96.8% vs year-ago quarter
Dividend per share
None
Shares outstanding
244.67M
+154.4% vs year-ago quarter
Net cash
$1.53B
Q2 FY2026
Operating margin
-795.6%
Q2 FY2026
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; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q2 FY2025 Jun 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $5.8M | $5.7M | — | — | — |
| Operating income | -$46.3M | -$36.7M | -$26.1M | -$15.9M | -$8.8M |
| Net income | -$10.3M | -$67.0M | -$50.2M | -$156.7M | -$142.5M |
| Diluted EPS | -$0.05 | -$0.34 | -$0.48 | -$1.64 | -$1.54 |
| Operating cash flow | -$56.9M | -$18.5M | -$27.9M | -$2.8M | -$7.9M |
| Free cash flow | -$126.6M | -$57.1M | -$51.9M | -$9.9M | -$14.2M |
| Total assets | $3.0B | $2.1B | $695.0M | $323.3M | $179.7M |
| Total liabilities | $451.5M | $246.3M | $191.8M | $368.6M | $286.4M |
| Stockholders' equity | $2.5B | $1.9B | $494.3M | -$58.6M | -$131.9M |
| Cash and investments | $1.5B | $1.7B | $359.9M | $257.6M | $121.8M |
| Total debt | $3.2M | $1.3M | $1.2M | $1.3M | $1.4M |
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 363 USA Rare Earth, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.