SequelSEC

MP Materials Corp. / DE MP

Metal Mining · CIK 0001801368 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$224.44M
Fiscal year ended 2025-12-31
Operating income
-$149.37M
Fiscal year ended 2025-12-31
Free cash flow
-$328.13M
Fiscal year ended 2025-12-31

MP Materials Corp. / DE (MP) reported revenue of $224.44M and net income of -$85.87M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from MP Materials Corp. / DE’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Metal Mining.

Income

MP Materials Corp. / DE income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$224.44M$203.86M$253.44M$527.51M$331.95M$134.31M$73.41M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income-$149.37M-$169.43M-$17.72M$327.41M$165.34M-$34.70M-$7.62M
Net income-$85.87M-$65.42M$24.31M$289.00M$135.04M-$21.82M-$6.76M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 170.13Mshares 169.88Mshares 178.15Mshares 193.45Mshares 189.84Mshares 79.69Mshares 66.56M
Pretax income-$117.77M-$93.35M$33.08M$341.15M$160.20M-$39.46M-$6.75M
Income tax expense-$31.90M-$27.92M$8.77M$52.15M$25.16M-$17.64M$1.00K
Diluted EPS$-0.50$-0.57$0.14$1.52$0.73$-0.27$-0.10
Selling, general & administrative$112.07M$83.30M$79.24M$75.86M$56.65M$26.77MUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailable$57.22M$26.87M$11.10M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

MP Materials Corp. / DE balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$1.17B$282.44M$263.35M$136.63M$1.18B$519.65M$2.76M
Total assets$3.86B$2.33B$2.34B$2.24B$1.89B$1.07B$101.79M
Current assets$2.17B$1.03B$1.13B$1.29B$1.28B$561.05M$27.41M
Total liabilities$1.47B$1.28B$970.67M$925.15M$880.93M$220.41M$119.82M
Current liabilities$299.05M$164.02M$108.55M$97.48M$59.54M$43.06M$31.32M
Total equity incl. NCI$1.98B$1.05B$1.37B$1.31B$1.01B$853.88M-$18.02M
Temporary (mezzanine) equity$413.61M$0UnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$171.56M$107.90M$95.18M$57.55M$38.69M$32.27M$23.05M
Accounts receivable$14.64M$18.64M$10.03M$32.86M$51.01M$3.59M$370.00K
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$931.33M$908.73M$681.98M$678.44M$674.93M$961.00KUnavailable
Accounts payable$36.66M$23.56M$28.00M$15.33MUnavailableUnavailableUnavailable

Cash flow

MP Materials Corp. / DE cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow-$155.76M$13.35M$62.70M$343.51M$101.97M$3.28M-$437.00K
Capital expenditures$172.38M$186.42M$261.90M$326.60M$123.87M$22.37M$2.27M
Investing cash flow-$206.05M$10.06M$68.70M-$1.36B-$119.36M-$22.37M$5.62M
Financing cash flow$1.25B-$4.79M-$9.92M-$24.19M$666.11M$521.96M-$4.10M
Net change in cash$883.76M$18.62M$121.48M-$1.04B$648.72M$502.87M$1.09M
Stock-based compensation$30.16M$23.18M$25.24M$31.78M$22.93M$5.01M$0
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$0$225.07M$0$0UnavailableUnavailableUnavailable
Depreciation & amortization$89.27M$78.06M$55.71M$18.36M$24.38M$6.93M$4.69M

Derived

MP Materials Corp. / DE derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flow-$328.13M-$173.07M-$199.20M$16.92M-$21.90M-$19.09M-$2.71M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin-66.6%-83.1%-7.0%62.1%49.8%-25.8%-10.4%
FCF margin-146.2%-84.9%-78.6%3.2%-6.6%-14.2%-3.7%
SBC / revenue13.4%11.4%10.0%6.0%6.9%3.7%0.0%
Current ratio7.24x6.29x10.42x13.27x21.44x13.03x0.88x
Revenue YoY growth10.1%-19.6%-52.0%58.9%147.2%83.0%Unavailable
Net margin-38.3%-32.1%9.6%54.8%40.7%-16.2%-9.2%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue76.8%91.4%103.3%61.9%37.3%16.7%3.1%
Long-term debt / equity0.47xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailable26.5%15.3%15.7%UnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MP in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-09View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.