USA Rare Earth Inc

USA Rare Earth Inc

USAR
USA Rare Earth IncUS flagNASDAQ Global Market
17.61
USD
-0.08
- -
2.34BMarket Cap
USA Rare Earth Inc
USAR
(NASDAQ Global Market)

Recent

price

17.61

P/E

ratio

- -

div

yld

- -

ROIC.AI

2022
2023
2024
2025
TTM
FRC
- -
- -
- -
0.01
0.05
Revenue per Share
-0.4
-0.12
-0.19
-2.01
-3.01
Basic EPS, GAAP
-0.34
-0.47
-0.16
-0.33
-0.41
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
Dividend per Share
-0.5
-0.2
0.07
3.33
8.62
Book Value per Share
-0.5
-0.2
0.07
1.95
7.69
Tangible Book Value per Share
59
59
82
148
139
Basic Weighted Avg Shares
- -
- -
- -
2
7
Sales/Revenue/Turnover
- -
- -
- -
-3,621.61
-1,188.58
Operating Margin (%)
1
1
- -
2
4
Depreciation Expense
-24
-7
-16
-298
-416
Net Income, GAAP
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
-18,110.71
-5,671.98
Profit Margin (%)
17
- -
15
347
1,741
Working Capital
- -
1
- -
1
1
LT Debt
32
246
33
494
1,879
Total Equity
- -
- -
-3.19
- -
- -
Return on Invested Capital (%)
- -
- -
6.11
- -
- -
Return on Capital (%)
- -
- -
- -
-119.34
-119.34
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
2
1
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
114
148
218
Market Capitalization
1,957
1,762
3,300

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
259
385
1,790
Cash, Cash Equivalents & STI
258
360
1,750
Accounts Receivable, Net
- -
4
6
Inventories
- -
19
28
Total Current Liabilities
16
38
49
Payables & Accruals
15
25
38
ST Debt
- -
2
1
Deferred Revenue
- -
10
10

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
- -
- -
- -
- -

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
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

  • USA Rare Earth Rises 4%, Then Coughs Up Gains as Chinese Suppliers Refuse U.S. Shipments

  • MP Materials, Rare Earth Stocks Pop After China Curbs US Shipments

  • USA Rare Earth stock rises as China shipments to US face fresh disruptions

  • USA Rare Earth Stock Rises After Completing Combination with Serra Verde

  • USA Rare Earth Completes Combination with Serra Verde Group

  • USA Rare Earth Is Too Crucial To Defense To Overlook

  • United States Antimony Jumps 8%, USA Rare Earth Ticks Up: Is Insider Buying Behind the Move?

  • $10,000 in USA Rare Earth Stock at Its High Is Worth About $4,650 Today

  • USA Rare Earth: Progress Over Perfection

  • USA Rare Earth Sits on $1.5 Billion in Cash and Almost No Revenue. Here's How to Value That

  • Prediction: USA Rare Earth Doubles Before 2028

  • USA Rare Earth Is Burning Through Cash at $57 Million a Quarter. At That Rate, Here's How Long the Money Lasts.

  • Critical Metals Spikes 19%, MP Materials and United States Antimony Lag: Is the European Lithium Merger Driving the Move?

  • USA Rare Earth Stock Dips Despite $1.55 Billion Government-Backed Offtake Milestone

  • Here's What a $1,000 Bet on USA Rare Earth a Year Ago Looks Like Today

  • USA Rare Earth Falls 5% Despite $1.55B Government-Backed Funding, United States Antimony Drops 9%

  • USA Rare Earth (Nasdaq: USAR) Announces Completion of Upsized $1.55 Billion Capitalization of the U.S. Government-Backed Special Purpose Vehicle (SPV) for Serra Verde Offtake

  • USA Rare Earth Stock Surges as Federal Battery and Critical Mineral Grants Boost Sector

  • USA Rare Earth Rises 8%, Critical Metals Jumps 10%, MP Materials Climbs 5% as the Resource Sector Catches a Bid

  • Is USA Rare Earth Under $20 a Bargain or a Trap?