USA Rare Earth, Inc. (USAR)
NASDAQ: USAR · Real-Time Price · USD
22.77
-0.74 (-3.15%)
At close: Apr 28, 2026, 4:00 PM EDT
22.83
+0.06 (0.26%)
After-hours: Apr 28, 2026, 7:59 PM EDT
USA Rare Earth Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| FY 2025 | FY 2024 | FY 2023 | FY 2022 |
| Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 |
| Revenue | 1.64 | - | - | - |
| Cost of Revenue | 1.45 | - | - | - |
| Gross Profit | 0.2 | - | - | - |
| Selling, General & Admin | 31.34 | 9.28 | 19.71 | 18.15 |
| Research & Development | 15.73 | 6.31 | 1.64 | 0.27 |
| Amortization of Goodwill & Intangibles | 0.68 | - | - | - |
| Operating Expenses | 47.74 | 15.59 | 24.79 | 24.26 |
| Operating Income | -47.55 | -15.59 | -24.79 | -24.26 |
| Interest Expense | -0.14 | -0.32 | -0.08 | - |
| Interest & Investment Income | 5.45 | 0.29 | 0.36 | 0.07 |
| Other Non Operating Income (Expenses) | -244.49 | -0.38 | -0.88 | - |
| EBT Excluding Unusual Items | -286.73 | -15.99 | -25.39 | -24.19 |
| Merger & Restructuring Charges | -8.1 | - | - | - |
| Gain (Loss) on Sale of Investments | - | -0.41 | - | -1.35 |
| Legal Settlements | -2.25 | - | - | - |
| Other Unusual Items | -1.6 | - | 16.85 | - |
| Pretax Income | -298.68 | -16.39 | -8.54 | -25.54 |
| Income Tax Expense | -0.16 | - | - | - |
| Earnings From Continuing Operations | -298.52 | -16.39 | -8.54 | -25.54 |
| Minority Interest in Earnings | 0.97 | 0.66 | 1.12 | 1.7 |
| Net Income | -297.56 | -15.74 | -7.42 | -23.84 |
| Preferred Dividends & Other Adjustments | 26.95 | 8.17 | 5.65 | 6.36 |
| Net Income to Common | -324.51 | -23.91 | -13.06 | -30.21 |
| Shares Outstanding (Basic) | 98 | 60 | 44 | 217 |
| Shares Outstanding (Diluted) | 98 | 60 | 44 | 217 |
| Shares Change (YoY) | 64.64% | 34.23% | -79.53% | - |
| EPS (Basic) | -3.31 | -0.40 | -0.29 | -0.14 |
| EPS (Diluted) | -3.31 | -0.40 | -0.29 | -0.14 |
| Free Cash Flow | -86.34 | -16.1 | -27.88 | -29.95 |
| Free Cash Flow Per Share | -0.88 | -0.27 | -0.63 | -0.14 |
| Gross Margin | 11.87% | - | - | - |
| Operating Margin | -2894.03% | - | - | - |
| Profit Margin | -19751.25% | - | - | - |
| Free Cash Flow Margin | -5255.27% | - | - | - |
| EBITDA | -46.3 | -15.35 | -24.49 | -24.05 |
| D&A For EBITDA | 1.25 | 0.24 | 0.31 | 0.21 |
| EBIT | -47.55 | -15.59 | -24.79 | -24.26 |
Source: S&P Capital IQ. Standard template.
Financial Sources.