USA Rare Earth Inc

USAR

USARUSA Rare Earth Inc US flag

NASDAQ Global Market

27.98

USD

-2.72

- -

2.70BMarket Cap

Income Statement (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	- -	- -	- -	2
+ Sales & Services Revenue	- -	- -	- -	2
- Cost of Revenue	- -	- -	- -	1
+ Cost of Goods & Services	- -	- -	- -	1
Gross Profit	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	24	24	16	60
+ Selling, General & Admin	20	21	9	43
+ Research & Development	- -	2	6	16
+ Other Operating Expense	4	2	- -	1
Operating Income (Loss)	-24	-25	-16	-60
- Non-Operating (Income) Loss	1	-16	1	239
+ Interest Expense, Net	- -	- -	- -	-5
+ Interest Expense	- -	- -	- -	- -
- Interest Income	- -	- -	- -	5
+ Other Non-Op (Income) Loss	1	-16	1	244
Pretax Income	-26	-9	-16	-299
- Income Tax Expense (Benefit)	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	-26	-9	-16	-299
- Net Extraordinary Losses (Gains)	-3	-2	-1	-2
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-3	-2	-1	-2
Income (Loss) Incl. MI	-22	-6	-15	-297
- Minority Interest	2	1	1	1
Net Income, GAAP	-24	-7	-16	-298
- Preferred Dividends	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-24	-7	-16	-298
EBIT	-24	-25	-16	-60
EBITDA	-24	-24	-15	-58
EBITDA Margin (%)	- -	- -	- -	-3,525.08
EBITA	-24	-25	-16	-60
Gross Margin (%)	- -	- -	- -	11.87
Operating Margin (%)	- -	- -	- -	-3,621.61
Profit Margin (%)	- -	- -	- -	-18,110.71
Sales per Employee	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -
Depreciation Expense	1	1	- -	2
Basic Weighted Avg Shares	59	59	82	148
Basic EPS, GAAP	-0.4	-0.12	-0.19	-2.01
Basic EPS from Cont Ops	-0.43	-0.14	-0.2	-2.02
Diluted Weighted Avg Shares	59	59	82	148
Diluted EPS, GAAP	-0.4	-0.12	-0.19	-2.01
Diluted EPS from Cont Ops	-0.43	-0.14	-0.2	-2.02

Balance Sheet (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	27	- -	22	385
+ Cash, Cash Equivalents & STI	27	- -	17	360
+ Cash & Cash Equivalents	27	- -	17	360
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	4
+ Accounts Receivable, Net	- -	- -	- -	4
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -
+ Inventories	- -	- -	- -	19
+ Raw Materials	- -	- -	- -	17
+ Work In Process	- -	- -	- -	1
+ Finished Goods	- -	- -	- -	1
+ Inventory Adjustments	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -
+ Other ST Assets	- -	- -	6	3
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	40	259	47	310
+ Property, Plant & Equip, Net	39	44	47	106
+ Property, Plant & Equip	39	45	47	108
- Accumulated Depreciation	1	1	- -	2
+ LT Investments & Receivables	1	- -	- -	- -
+ LT Investments	1	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	- -	215	- -	204
+ Total Intangible Assets	- -	- -	- -	203
+ Goodwill	- -	- -	- -	135
+ Other Intangible Assets	- -	- -	- -	69
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	- -	215	- -	- -
Total Assets	67	259	69	695
+ Payables & Accruals	10	- -	5	25
+ Accounts Payable	2	- -	2	11
+ Accrued Taxes	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	8	- -	3	14
+ ST Debt	- -	- -	1	2
+ ST Borrowings	- -	- -	1	2
+ ST Finance Leases	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	1	10
+ Deferred Revenue	- -	- -	- -	10
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	1	- -
Total Current Liabilities	11	- -	7	38
+ LT Debt	- -	1	- -	1
+ LT Borrowings	- -	1	- -	- -
+ LT Finance Leases	- -	- -	- -	1
+ Other LT Liabilities	24	12	29	162
+ Accrued Liabilities	3	8	8	25
+ Pension Liabilities	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	20	4	21	137
Total Noncurrent Liabilities	24	13	29	163
Total Liabilities	35	13	36	201
+ Preferred Equity and Hybrid Capital	69	259	24	- -
+ Share Capital & APIC	4	- -	104	880
+ Common Stock	4	- -	- -	- -
+ Additional Paid in Capital	- -	- -	104	880
- Treasury Stock	- -	- -	- -	- -
+ Retained Earnings	-45	-13	-73	-387
+ Other Equity	- -	- -	- -	- -
Equity Before Minority Interest	27	243	30	493
+ Minority/Non Controlling Interest	5	3	3	2
Total Equity	32	246	33	494
Total Liabilities & Equity	67	259	69	695
Shares Outstanding	82	82	82	148
Number of Employees	- -	- -	- -	- -
Capital Leases - Total	1	- -	- -	1
Net Debt	-27	- -	-16	-358
Net Debt to Equity	-84.17	0.14	-48.61	-72.44
Tangible Common Equity Ratio	-54.69	-4.98	12.59	59.17
Current Ratio	2.54	1.61	3.22	10.17
Cash Conversion Cycle	- -	- -	- -	2,636.43

Cash Flow Statement (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-26	-9	-16	-299
+ Depreciation & Amortization	1	1	- -	2
+ Non-Cash Items	5	-15	3	256
+ Stock-Based Compensation	3	1	2	9
+ Deferred Income Taxes	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -
+ Other Non-Cash Adj	1	-16	1	248
+ Chg in Non-Cash Work Cap	5	- -	- -	-8
+ (Inc) Dec in Accts Receiv	- -	- -	- -	-1
+ (Inc) Dec in Inventories	- -	- -	- -	-3
+ (Inc) Dec in Prepaid Assets	1	- -	- -	-2
+ Inc (Dec) in Accts Payable	2	-4	- -	-2
+ Inc (Dec) in Other	3	4	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	-15	-22	-13	-49
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	-5	-6	- -	- -
+ Acq of Fixed Prod Assets	-5	-6	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	13	-247	190
+ Increase in Capital Stock	- -	13	- -	190
+ Decrease in Capital Stock	- -	- -	-247	- -
+ Net Change in LT Investment	- -	- -	247	- -
+ Dec in LT Investment	- -	- -	247	- -
+ Inc in LT Investment	- -	- -	- -	- -
+ Net Cash From Acq & Div	-10	- -	- -	-102
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	-10	- -	- -	-102
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	-250	-37
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	-15	-6	-3	-140
+ Dividends Paid	- -	- -	- -	- -
+ Net Cash From Debt	- -	1	1	- -
+ Cash From Debt	- -	1	1	- -
+ Repayments of Debt	- -	- -	- -	- -
+ Other Financing Activities	22	- -	266	342
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	22	14	20	532
Effect of Foreign Exchange Rates	- -	- -	- -	- -
Net Changes in Cash	-8	-14	4	343
EBITDA	-24	-24	-15	-58
EBITDA Margin (%)	- -	- -	- -	-3,525.08
Free Cash Flow	-20	-28	-13	-49
Net Cash Paid for Acquisitions	10	- -	- -	102
Free Cash Flow to Firm	- -	- -	-1	- -
Free Cash Flow to Equity	- -	163	-247	-73
Free Cash Flow per Basic Share	-0.34	-0.47	-0.16	-0.33
Price/Free Cash Flow	- -	-38.43	-72.42	-35.97
Cash Flow to Net Income	0.62	2.96	0.83	0.16
Capital Expenditures	-5	-6	- -	- -