Financials in USD. Standardized financial statements.
A compact view of how MP Materials Corp. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $275.46M | $203.85M | $253.44M | $527.51M | $331.95M | $134.31M | $73.41M | $67.42M |
| Revenue Growth? | +35.1% | -19.6% | -52.0% | +58.9% | +147.2% | +83.0% | +8.9% | 0.0% |
| Cost of Revenue? | $282.06M | $270.64M | $148.42M | $110.57M | $100.64M | $70.73M | $67.83M | $57.28M |
| Gross Profit? | -$6.60M | -$66.79M | $105.02M | $416.94M | $231.32M | $63.58M | $5.58M | $10.13M |
| Gross Margin? | -2.4% | -32.8% | +41.4% | +79.0% | +69.7% | +47.3% | +7.6% | +15.0% |
| Operating Expenses? | $116.17M | $102.64M | $122.74M | $89.53M | $65.97M | $98.28M | $13.20M | $19.02M |
| Operating Income? | -$122.77M | -$169.43M | -$17.72M | $327.41M | $165.34M | -$34.70M | -$7.62M | -$8.88M |
| EBITDA? | $4.46M | $7.72M | $94.04M | $365.29M | $193.48M | -$27.52M | $1.34M | -$4.43M |
| Income Before Tax | -$117.77M | -$93.35M | $33.08M | $341.15M | $160.19M | -$39.46M | -$6.75M | -$13.46M |
| Income Tax Expense | -$31.90M | -$27.92M | $8.77M | $52.15M | $25.16M | -$17.64M | $1,000 | $1,000 |
| Net Income? | -$85.87M | -$65.42M | $24.31M | $289.00M | $135.04M | -$21.82M | -$6.75M | -$13.47M |
| EPS? | $-0.50 | $-0.57 | $0.14 | $1.64 | $0.78 | $-0.27 | $-0.10 | $-0.20 |
| Diluted EPS? | $-0.50 | $-0.57 | $0.14 | $1.52 | $0.73 | $-0.27 | $-0.10 | $-0.20 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality