USA Rare Earth Inc

USA Rare Earth Inc

USAR
USA Rare Earth IncUS flagNASDAQ Global Market
10.09
USD
-0.45
- -
1.34BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
0.01
0.08
Basic EPS, GAAP
-0.4
-0.12
-0.19
-2.01
-1.64
Free Cash Flow per Basic Share
-0.34
-0.47
-0.16
-0.33
-0.61
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
-0.5
-0.2
0.07
3.33
10.37
Tangible Book Value per Share
-0.5
-0.2
0.07
1.95
9.55
Basic Weighted Avg Shares
59
59
82
148
173
Sales/Revenue/Turnover
- -
- -
- -
2
13
Operating Margin (%)
- -
- -
- -
-3,621.61
-946.09
Depreciation Expense
1
1
- -
2
6
Net Income, GAAP
-24
-7
-16
-298
-284
Effective Tax Rate (%)
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
-18,110.71
-2,159.3
Working Capital
17
- -
15
347
1,622
LT Debt
- -
1
- -
1
3
Total Equity
32
246
33
494
2,537
Return on Invested Capital (%)
- -
- -
-3.19
- -
- -
Return on Capital (%)
- -
- -
6.11
- -
- -
Return on Common Equity (%)
- -
- -
- -
-119.34
-119.34

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
148
218
245
Market Capitalization
1,762
3,300
5,280

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
385
1,790
1,673
Cash, Cash Equivalents & STI
360
1,750
1,530
Accounts Receivable, Net
4
6
6
Inventories
19
28
50
Total Current Liabilities
38
49
51
Payables & Accruals
25
38
48
ST Debt
2
1
1
Deferred Revenue
10
10
1

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
1,408.3%
Free Cash Flow
- -
- -
277.07%
Net Income, GAAP
- -
- -
1,791.06%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
2
2
2026
6
6
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.08
-0.04
- -
- -
-0.19
2025
0.8
-1.54
-1.64
-0.34
-2.01
2026
-0.31
-0.04
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Thrasyvoulos Moraitis
Full Time Employees
132
Sector
Basic Materials
Industry
Industrial Materials
Address
100 West Airport Road Stillwater OK United States of America 74075
IPO Date
Mar 14, 2025
Website
usare.com
Business
USA Rare Earth, Inc. (NASDAQ: USAR) is a vertically integrated mining and manufacturing company focused on the extraction, processing, separation, and production of rare earth elements (REEs), particularly heavy rare-earth elements, critical minerals, and sintered neodymium-iron-boron (NdFeB) permanent magnets, including neo magnets used in defense, electric vehicles, renewable energy, robotics, consumer electronics, wind power, appliances, cordless tools, computing, and semiconductors. The company offers a proprietary Continuous Ion Exchange process for REE and critical mineral separation, alongside heap leach and solvent extraction methods developed at its R&D facility in Wheat Ridge, Colorado; it explores and develops the Round Top Mountain deposit in Hudspeth County, West Texas, which hosts 15 of the 17 REEs—including all heavy REEs—plus gallium, hafnium, zirconium, beryllium, and lithium; and it produces high-purity dysprosium oxide, rare earth metals, alloys, and prototype magnets at its Innovations Lab in Stillwater, Oklahoma, with a full-scale 310,000-square-foot sintered neo magnet manufacturing facility planned for commercial production starting in the first half of 2026 at an initial capacity of 1,200 metric tons annually, scaling to nearly 5,000 metric tons or hundreds of millions of magnets per year. USA Rare Earth serves manufacturers seeking ethically produced, U.S.-made components independent of Chinese supply chains, targeting industries reliant on high-performance magnets and critical materials for national security and advanced technologies. Founded in 2019 and headquartered at 100 West Airport Road in Stillwater, Oklahoma, the company operates facilities across Oklahoma, Colorado, and Texas, with a mine-to-magnet strategy encompassing mining, separation, metal production, and magnet manufacturing to establish a domestic U.S. supply chain. In recent developments, USA Rare Earth announced in January 2025 the successful production of its first batch of sintered NdFeB magnets at the Stillwater Innovations Lab, advancing toward customer prototyping in Q2 2025; in September 2025, it executed a definitive agreement to acquire UK-based Less Common Metals (LCM), a key rare earth metals and alloys producer, for $100 million in cash and 6.74 million USAR shares, enhancing vertical integration with LCM's strip-casting capabilities to feed the Oklahoma magnet plant; concurrently, the company secured a $125 million common equity investment from an existing shareholder to fund LCM integration and operations, following a prior $75 million private investment in public equity in 2025 to support magnet manufacturing. These moves strengthen its position as a leading ex-China supplier of heavy REEs and magnets amid geopolitical supply chain shifts.

Company News

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