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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	429.08	1,166	282.44	263.35	136.63	1,179
Short-Term Investments	1,024	664.28	568.43	734.49	1,046	-
Cash & Short-Term Investments	1,453	1,830	850.87	997.84	1,182	1,179
Cash Growth	92.75%	115.11%	-14.73%	-15.60%	0.26%	126.94%
Accounts Receivable	40.44	14.64	18.65	10.03	32.86	51.01
Other Receivables	56.28	132.04	44.27	21.03	2.5	-
Receivables	96.72	146.68	62.92	31.06	35.36	51.01
Inventory	173.43	171.56	107.91	95.18	57.55	38.69
Prepaid Expenses	22.62	17.27	9.63	5.8	12.29	6.47
Restricted Cash	-	-	-	1.29	6.29	1.34
Total Current Assets	1,745	2,166	1,031	1,131	1,294	1,277
Property, Plant & Equipment	1,628	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	6	2.3	-	-	-	-
Other Long-Term Assets	347.63	306.85	25.59	17.98	7.58	2.25
Total Assets	3,727	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	46.02	36.66	23.56	28	15.33	35.73
Accrued Expenses	38.47	41.39	33.37	27.86	18.21	-
Current Portion of Long-Term Debt	5.14	71.32	2.1	2.11	2.39	18.65
Current Portion of Leases	3.73	3.22	1.07	1.15	0.44	-
Current Income Taxes Payable	1.87	2.11	4.04	-	21.16	3.46
Current Unearned Revenue	45.55	76.7	58.88	1.7	-	-
Other Current Liabilities	42.76	65.27	38.9	47.73	39.95	1.7
Total Current Liabilities	183.54	296.65	161.92	108.55	97.48	59.54
Long-Term Debt	958.55	951.7	909.27	684.62	683.19	682.02
Long-Term Leases	14.2	8.43	5.8	7.22	0.26	-
Long-Term Unearned Revenue	107	105.99	63.21	17.43	-	-
Long-Term Deferred Tax Liabilities	62.31	80.82	112.91	130.79	122.35	104.5
Other Long-Term Liabilities	30.21	28.21	25.58	22.06	21.88	34.87
Total Liabilities	1,356	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	Jun 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	1,978	1,971	961.43	979.89	951.01	936.3
Retained Earnings	206.16	234.43	320.3	385.73	361.42	72.42
Treasury Stock	-227.05	-227.05	-227.05	-	-	-
Comprehensive Income & Other	-0.26	0.39	0.17	0.15	0.19	-
Total Common Equity	1,957	1,979	1,055	1,366	1,313	1,009
Shareholders' Equity	2,371	2,392	1,055	1,366	1,313	1,009
Total Liabilities & Equity	3,727	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	981.62	1,035	918.23	695.09	686.27	700.67
Net Cash (Debt)	471.02	795.63	-67.36	302.75	496.07	478.63
Net Cash Growth	-	-	-	-38.97%	3.65%	7.41%
Net Cash Per Share	2.66	4.68	-0.40	1.70	2.56	2.52
Filing Date Shares Outstanding	178.1	177.67	163.44	178.08	177.62	177.52
Total Common Shares Outstanding	178.05	177.36	163.2	178.08	177.71	177.82
Working Capital	1,562	1,869	869.4	1,023	1,196	1,217
Book Value Per Share	10.99	11.16	6.46	7.67	7.39	5.67
Tangible Book Value	1,957	1,973	1,048	1,357	1,313	1,009
Tangible Book Value Per Share	10.99	11.12	6.42	7.62	7.39	5.67
Land	134.81	43.42	42.79	27.09	16.1	7.93
Buildings	101.9	101.56	96.96	92.2	15.11	8.79
Machinery	884.92	756.2	662.33	503.15	186.39	61.82
Construction In Progress	372.88	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: Aug 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:

Aug 24, 2026

Data Sources Report a data error