USA Rare Earth Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	257.61	16.76	13.2	26.97
Cash & Short-Term Investments	257.61	16.76	13.2	26.97
Cash Growth	1020.62%	26.99%	-51.06%	-
Prepaid Expenses	1.27	0.38	0.44	0.35
Other Current Assets	-	5.16	0.07	-
Total Current Assets	258.88	22.3	13.71	27.32
Property, Plant & Equipment	58.34	43.65	41.07	38.52
Long-Term Investments	-	-	-	0.95
Other Long-Term Assets	6.11	3.11	2.61	0.07
Total Assets	323.33	69.07	57.39	66.86
Accounts Payable	1.83	1.82	0.39	2.38
Accrued Expenses	11.23	3.07	4.76	7.91
Current Portion of Long-Term Debt	-	0.83	-	-
Current Portion of Leases	0.43	0.02	0.45	0.44
Other Current Liabilities	2.19	1.18	-	-
Total Current Liabilities	15.68	6.93	5.6	10.74
Long-Term Debt	-	-	0.62	20.24
Long-Term Leases	0.88	-	0.02	0.46
Long-Term Unearned Revenue	8.2	8.2	8.2	3.37
Other Long-Term Liabilities	343.87	-	0.46	-
Total Liabilities	368.64	15.13	14.9	34.81
Common Stock	0.01	0.01	0.01	3.5
Additional Paid-In Capital	276.62	104.24	93.37	-
Retained Earnings	-337.18	-72.87	-54.22	-44.64
Total Common Equity	-60.55	31.38	39.15	-41.13
Minority Interest	1.97	2.64	3.33	4.57
Shareholders' Equity	-45.31	53.94	42.48	32.05
Total Liabilities & Equity	323.33	69.07	57.39	66.86
Total Debt	1.31	0.85	1.09	21.14
Net Cash (Debt)	256.3	15.91	12.11	5.83
Net Cash Growth	1056.22%	31.40%	107.69%	-
Net Cash Per Share	3.48	0.34	0.27	0.03
Filing Date Shares Outstanding	132.64	94.7	228.4	216.7
Total Common Shares Outstanding	113.83	94.7	228.4	216.7
Working Capital	243.2	15.38	8.11	16.58
Book Value Per Share	-0.53	0.33	0.17	-0.19
Tangible Book Value	-60.55	31.38	39.15	-41.13
Tangible Book Value Per Share	-0.53	0.33	0.17	-0.19
Land	0.71	0.71	0.71	0.7
Machinery	3.28	0.5	0.61	0.59
Construction In Progress	33.74	25.78	22.6	19.32
Leasehold Improvements	0.35	0.35	0.37	0.37

Source: S&P Capital IQ. Standard template. Financial Sources.