USA Rare Earth, Inc. (USAR)

USA Rare Earth Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash & Equivalents	16.76	13.2	26.97
Cash & Short-Term Investments	16.76	13.2	26.97
Cash Growth	26.99%	-51.06%	-
Prepaid Expenses	0.38	0.44	0.35
Other Current Assets	5.16	0.07	-
Total Current Assets	22.3	13.71	27.32
Property, Plant & Equipment	43.65	41.07	38.52
Long-Term Investments	-	0.04	0.95
Other Long-Term Assets	3.11	2.57	0.07
Total Assets	69.07	57.39	66.86
Accounts Payable	1.82	0.39	2.38
Accrued Expenses	3.07	4.76	7.91
Current Portion of Long-Term Debt	0.83	-	-
Current Portion of Leases	0.02	0.45	0.44
Other Current Liabilities	1.18	-	-
Total Current Liabilities	6.93	5.6	10.74
Long-Term Debt	-	0.62	20.24
Long-Term Leases	-	0.02	0.46
Long-Term Unearned Revenue	8.2	8.2	3.37
Other Long-Term Liabilities	-	0.46	-
Total Liabilities	15.13	14.9	34.81
Common Stock	6.89	6.89	3.5
Additional Paid-In Capital	3.51	-	-
Retained Earnings	-72.87	-54.22	-44.64
Comprehensive Income & Other	-0.28	-	-
Total Common Equity	-62.75	-47.33	-41.13
Minority Interest	2.64	3.33	4.57
Shareholders' Equity	53.94	42.48	32.05
Total Liabilities & Equity	69.07	57.39	66.86
Total Debt	0.85	1.09	21.14
Net Cash (Debt)	15.91	12.11	5.83
Net Cash Growth	31.40%	107.69%	-
Net Cash Per Share	0.07	0.06	0.03
Filing Date Shares Outstanding	227.3	228.4	216.7
Total Common Shares Outstanding	227.3	228.4	216.7
Working Capital	15.38	8.11	16.58
Book Value Per Share	-0.28	-0.21	-0.19
Tangible Book Value	-62.75	-47.33	-41.13
Tangible Book Value Per Share	-0.28	-0.21	-0.19
Land	0.71	0.71	0.7
Machinery	0.5	0.61	0.59
Construction In Progress	25.78	22.6	19.32
Leasehold Improvements	0.35	0.37	0.37

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.