MP Materials Income Statement

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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	224.44	203.86	253.45	527.51	331.95
Revenue Growth (YoY)	10.10%	-19.57%	-51.95%	58.91%	147.15%
Cost of Revenue	192.79	192.59	92.71	92.22	76.25
Gross Profit	31.65	11.27	160.73	435.29	255.7
Selling, General & Admin	112.07	83.3	79.25	75.86	56.65
Depreciation & Amortization Expenses	89.27	78.06	55.71	18.36	24.38
Other Operating Expenses	30.71	19.34	43.5	13.67	9.33
Total Operating Expenses	232.04	180.7	178.45	107.88	90.35
Operating Income	-200.39	-169.43	-17.72	327.41	165.35
Interest Expense	-31.48	-23.01	-5.25	-5.79	-8.9
Other Non-Operating Income (Expense)	114.1	99.09	56.05	19.53	3.75
Total Non-Operating Income (Expense)	82.62	76.08	50.79	13.74	-5.15
Pretax Income	-117.77	-93.35	33.08	341.15	160.2
Provision for Income Taxes	-31.9	-27.92	8.77	52.15	25.16
Net Income	-85.87	-65.42	24.31	289	135.04
Net Income to Common	-85.87	-65.42	24.31	289	135.04
Net Income Growth	-	-	-91.59%	114.02%	-
Shares Outstanding (Basic)	170	167	177	177	173
Shares Outstanding (Diluted)	170	170	178	193	190
Shares Change (YoY)	0.14%	-4.64%	-7.91%	1.90%	138.23%
EPS (Basic)	-0.50	-0.39	0.14	1.64	0.78
EPS (Diluted)	-0.50	-0.57	0.14	1.52	0.73
EPS Growth	-	-	-90.79%	108.22%	-
Free Cash Flow	-328.13	-173.07	-199.2	16.92	-21.9
Free Cash Flow Per Share	-1.93	-1.02	-1.12	0.09	-0.12
Gross Margin	14.10%	5.53%	63.42%	82.52%	77.03%
Operating Margin	-89.28%	-83.11%	-6.99%	62.07%	49.81%
Profit Margin	-38.26%	-32.09%	9.59%	54.79%	40.68%
FCF Margin	-146.20%	-84.90%	-78.60%	3.21%	-6.60%
EBITDA	-111.12	-91.37	37.99	345.77	189.73
EBITDA Margin	-49.51%	-44.82%	14.99%	65.55%	57.15%
EBIT	-200.39	-169.43	-17.72	327.41	165.35
EBIT Margin	-89.28%	-83.11%	-6.99%	62.07%	49.81%
Effective Tax Rate	27.09%	29.91%	26.51%	15.29%	15.70%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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