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
23.29
+0.52 (2.28%)
Pre-market: Apr 29, 2026, 8:13 AM EDT
USA Rare Earth Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 |
| Cash & Equivalents | 359.93 | 16.76 | 13.2 | 26.97 |
| Cash & Short-Term Investments | 359.93 | 16.76 | 13.2 | 26.97 |
| Cash Growth | 2047.40% | 26.99% | -51.06% | - |
| Receivables | 3.76 | - | - | - |
| Inventory | 18.54 | - | - | - |
| Prepaid Expenses | 0.73 | - | 0.44 | 0.35 |
| Other Current Assets | 2.42 | 5.51 | 0.07 | - |
| Total Current Assets | 385.38 | 22.27 | 13.71 | 27.32 |
| Property, Plant & Equipment | 104.11 | 43.68 | 41.07 | 38.52 |
| Long-Term Investments | - | - | - | 0.95 |
| Goodwill | 134.85 | - | - | - |
| Other Intangible Assets | 68.61 | - | - | - |
| Other Long-Term Assets | 2.06 | 3.11 | 2.61 | 0.07 |
| Total Assets | 695 | 69.07 | 57.39 | 66.86 |
| Accounts Payable | 11.07 | 1.82 | 0.39 | 2.38 |
| Accrued Expenses | 4.33 | 2.01 | 4.76 | 7.91 |
| Current Portion of Long-Term Debt | 1.85 | 0.83 | - | - |
| Current Portion of Leases | 0.42 | 0.02 | 0.45 | 0.44 |
| Current Unearned Revenue | 10.5 | - | - | - |
| Other Current Liabilities | 9.75 | 2.24 | - | - |
| Total Current Liabilities | 37.91 | 6.93 | 5.6 | 10.74 |
| Long-Term Debt | - | - | 0.62 | 20.24 |
| Long-Term Leases | 0.78 | - | 0.02 | 0.46 |
| Long-Term Unearned Revenue | 8.2 | 8.2 | 8.2 | 3.37 |
| Long-Term Deferred Tax Liabilities | 16.72 | - | - | - |
| Other Long-Term Liabilities | 128.21 | - | 0.46 | - |
| Total Liabilities | 191.81 | 15.13 | 14.9 | 34.81 |
| Common Stock | 0.02 | 0.01 | 0.01 | 3.5 |
| Additional Paid-In Capital | 879.85 | 104.24 | 93.37 | - |
| Retained Earnings | -387.36 | -72.87 | -54.22 | -44.64 |
| Comprehensive Income & Other | 0.13 | - | - | - |
| Total Common Equity | 492.63 | 31.38 | 39.15 | -41.13 |
| Minority Interest | 1.65 | 2.64 | 3.33 | 4.57 |
| Shareholders' Equity | 503.19 | 53.94 | 42.48 | 32.05 |
| Total Liabilities & Equity | 695 | 69.07 | 57.39 | 66.86 |
| Total Debt | 3.05 | 0.85 | 1.09 | 21.14 |
| Net Cash (Debt) | 356.88 | 15.91 | 12.11 | 5.83 |
| Net Cash Growth | 2143.53% | 31.40% | 107.69% | - |
| Net Cash Per Share | 3.64 | 0.27 | 0.27 | 0.03 |
| Filing Date Shares Outstanding | 217.98 | 94.7 | 228.4 | 216.7 |
| Total Common Shares Outstanding | 148.06 | 227.3 | 228.4 | 216.7 |
| Working Capital | 347.46 | 15.35 | 8.11 | 16.58 |
| Book Value Per Share | 3.33 | 0.14 | 0.17 | -0.19 |
| Tangible Book Value | 289.17 | 31.38 | 39.15 | -41.13 |
| Tangible Book Value Per Share | 1.95 | 0.14 | 0.17 | -0.19 |
| Land | 0.71 | 0.71 | 0.71 | 0.7 |
| Buildings | 9.6 | - | - | - |
| Machinery | 16.19 | 0.5 | 0.61 | 0.59 |
| Construction In Progress | 59.35 | 25.78 | 22.6 | 19.32 |
| Leasehold Improvements | 0.8 | 0.35 | 0.37 | 0.37 |
Source: S&P Capital IQ. Standard template. Financial Sources.