All currency values in $ millions unless otherwise noted
| Income Statement | TTM ~2.3:1 split | DEC 2025 ~1.6:1 split | DEC 2024 | DEC 2023 |
|---|---|---|---|---|
| Revenues | ||||
| Revenue | $12 | $2 | $0 | – |
| Cost of Revenue | $13 | $1 | $0 | – |
| Gross Profit | -$1 | $0 | $0 | – |
| General & Administrative | $67 | $43 | $9 | – |
| Research & Development | $29 | $16 | $6 | – |
| Total Operating Expenses | $112 | $61 | $16 | – |
| Operating Income | -$101 | -$60 | -$16 | – |
| Non-Operating | ||||
| Net Interest Expense | $13 | $5 | $0 | – |
| Other Non-Operating Income (Expense) | -$85 | -$245 | -$1 | – |
| EBT (Earnings Before Tax) | -$172 | -$299 | -$16 | – |
| Income Tax Expense | -$1 | -$0 | $0 | – |
| Minority Interest | -$3 | -$1 | -$1 | – |
| Net Income | ||||
| Net Income | -$168 | -$298 | -$16 | – |
| Per Share Data | ||||
| Revenue Per Share | $0.05 | $0.02 | $0.00 | – |
| EPS (Basic) | -$1.18 | -$3.31 | -$0.40 | – |
| EPS (Diluted) | -$1.35 | -$3.31 | -$0.40 | – |
| Weighted Avg Shares (Basic) | 230.1M | 98.0M | 59.5M | – |
| Weighted Avg Shares (Diluted) | 230.1M | 98.0M | 59.5M | – |
| Shares Outstanding | 230.1M | 98.0M | 59.5M | – |
USA Rare Earth (USAR) financials: revenue, profit and margins
USA Rare Earth (USAR) generated about n/a in revenue and -$284 million in net income (a -18,110.7% net margin) over the trailing twelve months. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
Is USA Rare Earth profitable?+
USA Rare Earth reported about -$284 million in net loss over the trailing twelve months, a net margin of roughly -18,110.7%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are USA Rare Earth's profit margins?+
USA Rare Earth runs a gross margin of about 11.9%, an operating margin of about -3,621.6%, a net margin of about -18,110.7%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
SourceFinancial statements computed from the 10-Q filed 4 Aug 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 11 Aug 2026. How this is calculated.
Fiscal year ends Dec.
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Held by ETFs
USAR is in 42 US ETFs. The largest of them, with USAR's weight in each:
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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