USA Rare Earth, Inc. (USAR)

USA Rare Earth Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash & Equivalents	359.93	16.76	0.28
Cash & Short-Term Investments	359.93	16.76	0.28
Cash Growth	2047.40%	5980.21%	-
Accounts Receivable	3.76	-	-
Inventory	18.54	-	-
Other Current Assets	3.15	5.51	0.22
Total Current Assets	385.38	22.27	0.5
Net Property, Plant & Equipment	86.77	26.56	-
Other Intangible Assets	68.61	-	-
Goodwill	134.85	-	-
Long-Term Investments	-	-	258.97
Other Long-Term Assets	19.39	20.24	-
Total Assets	695	69.07	259.47
Accounts Payable	11.07	1.82	0.23
Accrued Expenses	14.07	3.07	-
Short-Term Debt	1.85	0.83	-
Current Portion of Leases	0.42	0.02	-
Unearned Revenue	10.5	-	-
Other Current Liabilities	-	1.18	0.08
Total Current Liabilities	37.91	6.93	0.31
Long-Term Leases	0.78	-	-
Other Long-Term Liabilities	153.12	8.2	13.1
Total Long-Term Liabilities	153.9	8.2	13.1
Total Liabilities	191.81	15.13	13.41
Common Stock	0.02	0.01	0
Additional Paid-in Capital	879.85	104.24	-12.91
Accumulated Other Comprehensive Income	0.13	-	-
Retained Earnings	-387.36	-72.87	-
Total Common Shareholders' Equity	492.63	31.38	-12.91
Minority Interest	10.56	22.57	258.97
Shareholders' Equity	503.19	53.94	246.06
Total Liabilities & Equity	695	69.07	259.47
Total Debt	3.05	0.85	0
Net Cash (Debt)	356.88	15.91	0.28
Net Cash Growth	2143.53%	5670.41%	-
Net Cash Per Share	3.64	0.27	0.01
Book Value	492.63	31.38	-12.91
Book Value Per Share	5.03	0.53	-0.29
Tangible Book Value	289.17	31.38	-12.91
Tangible Book Value Per Share	2.95	0.53	-0.29

Updated Mar 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.