USA Rare Earth, Inc. (USAR)

USA Rare Earth Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Selling, General & Admin	32.17	12.23	19.71	18.15
Research & Development	4.08	0.3	1.64	0.27
Operating Expenses	39.3	15.59	24.79	24.26
Operating Income	-39.3	-15.59	-24.79	-24.26
Interest Expense	-0.06	-0.32	-0.08	-
Interest & Investment Income	2.37	0.29	0.36	0.07
Other Non Operating Income (Expenses)	-217.52	-0.37	-0.88	-
EBT Excluding Unusual Items	-254.51	-15.99	-25.39	-24.19
Gain (Loss) on Sale of Investments	-0.41	-0.41	-	-1.35
Other Unusual Items	-	-	16.85	-
Pretax Income	-254.92	-16.39	-8.54	-25.54
Earnings From Continuing Operations	-254.92	-16.39	-8.54	-25.54
Minority Interest in Earnings	0.77	0.66	1.12	1.7
Net Income	-254.15	-15.74	-7.42	-23.84
Preferred Dividends & Other Adjustments	31.23	8.17	5.65	6.36
Net Income to Common	-285.38	-23.91	-13.06	-30.21
Shares Outstanding (Basic)	74	46	44	217
Shares Outstanding (Diluted)	74	46	44	217
Shares Change (YoY)	-67.63%	4.72%	-79.53%	-
EPS (Basic)	-3.88	-0.51	-0.29	-0.14
EPS (Diluted)	-3.88	-0.51	-0.29	-0.14
Free Cash Flow	-39.02	-16.28	-27.88	-29.95
Free Cash Flow Per Share	-0.53	-0.35	-0.63	-0.14
EBITDA	-39.05	-15.35	-24.49	-24.05
D&A For EBITDA	0.25	0.24	0.31	0.21
EBIT	-39.3	-15.59	-24.79	-24.26

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.