MP Materials Corp. (MP)

MP Materials Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	260.34	1,166	282.44	263.35	136.63	1,179
Short-Term Investments	1,078	664.28	568.43	734.49	1,046	-
Cash & Short-Term Investments	1,338	1,830	850.87	997.84	1,182	1,179
Cash Growth	-31.05%	115.11%	-14.73%	-15.60%	0.26%	126.94%
Accounts Receivable	64.07	14.64	18.65	10.03	32.86	51.01
Other Receivables	57.64	132.04	44.27	21.03	2.5	-
Receivables	121.71	146.68	62.92	31.06	35.36	51.01
Inventory	176.14	171.56	107.91	95.18	57.55	38.69
Prepaid Expenses	19.08	17.27	9.63	5.8	12.29	6.47
Restricted Cash	-	-	-	1.29	6.29	1.34
Total Current Assets	1,655	2,166	1,031	1,131	1,294	1,277
Property, Plant & Equipment	1,776	1,383	1,260	1,169	936.29	610.61
Long-Term Investments	-	-	9.1	9.7	-	-
Other Intangible Assets	-	6.18	7.37	8.88	0.09	-
Long-Term Deferred Charges	7.9	2.3	-	-	-	-
Other Long-Term Assets	347.83	306.85	25.59	17.98	7.58	2.25
Total Assets	3,786	3,864	2,334	2,336	2,238	1,890

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	80.18	36.66	23.56	28	15.33	35.73
Accrued Expenses	40.95	41.39	33.37	27.86	18.21	-
Current Portion of Long-Term Debt	5.48	71.32	2.1	2.11	2.39	18.65
Current Portion of Leases	3.86	3.22	1.07	1.15	0.44	-
Current Income Taxes Payable	11.73	2.11	4.04	-	21.16	3.46
Current Unearned Revenue	32.3	76.7	58.88	1.7	-	-
Other Current Liabilities	70.48	65.27	38.9	47.73	39.95	1.7
Total Current Liabilities	244.99	296.65	161.92	108.55	97.48	59.54
Long-Term Debt	961.11	951.7	909.27	684.62	683.19	682.02
Long-Term Leases	13.17	8.43	5.8	7.22	0.26	-
Long-Term Unearned Revenue	114.53	105.99	63.21	17.43	-	-
Long-Term Deferred Tax Liabilities	56.03	80.82	112.91	130.79	122.35	104.5
Other Long-Term Liabilities	32.95	28.21	25.58	22.06	21.88	34.87
Total Liabilities	1,423	1,472	1,279	970.67	925.15	880.93

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02
Additional Paid-In Capital	1,992	1,971	961.43	979.89	951.01	936.3
Retained Earnings	185.45	234.43	320.3	385.73	361.42	72.42
Treasury Stock	-227.05	-227.05	-227.05	-	-	-
Comprehensive Income & Other	-0.8	0.39	0.17	0.15	0.19	-
Total Common Equity	1,950	1,979	1,055	1,366	1,313	1,009
Shareholders' Equity	2,364	2,392	1,055	1,366	1,313	1,009
Total Liabilities & Equity	3,786	3,864	2,334	2,336	2,238	1,890

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	983.62	1,035	918.23	695.09	686.27	700.67
Net Cash (Debt)	354.29	795.63	-67.36	302.75	496.07	478.63
Net Cash Growth	-60.87%	-	-	-38.97%	3.65%	7.41%
Net Cash Per Share	1.99	4.68	-0.40	1.70	2.56	2.52
Filing Date Shares Outstanding	178.27	177.67	163.44	178.08	177.62	177.52
Total Common Shares Outstanding	178.23	177.36	163.2	178.08	177.71	177.82
Working Capital	1,410	1,869	869.4	1,023	1,196	1,217
Book Value Per Share	10.94	11.16	6.46	7.67	7.39	5.67
Tangible Book Value	1,950	1,973	1,048	1,357	1,313	1,009
Tangible Book Value Per Share	10.94	11.12	6.42	7.62	7.39	5.67
Land	136.18	43.42	42.79	27.09	16.1	7.93
Buildings	102.03	101.56	96.96	92.2	15.11	8.79
Machinery	923.55	756.2	662.33	503.15	186.39	61.82
Construction In Progress	509.34	302.94	202.54	211.85	338.48	134.33

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

Data Sources Report a data error