USA Rare Earth, Inc. (USAR)

USA Rare Earth Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash & Equivalents	121.79	16.76	13.2	26.97
Cash & Short-Term Investments	121.79	16.76	13.2	26.97
Cash Growth	3596.24%	26.99%	-51.06%	-
Prepaid Expenses	1.75	0.38	0.44	0.35
Other Current Assets	-	5.16	0.07	-
Total Current Assets	123.55	22.3	13.71	27.32
Property, Plant & Equipment	50.55	43.65	41.07	38.52
Long-Term Investments	-	-	-	0.95
Other Long-Term Assets	5.61	3.11	2.61	0.07
Total Assets	179.7	69.07	57.39	66.86
Accounts Payable	2.24	1.82	0.39	2.38
Accrued Expenses	5.13	3.07	4.76	7.91
Current Portion of Long-Term Debt	-	0.83	-	-
Current Portion of Leases	0.42	0.02	0.45	0.44
Other Current Liabilities	0.38	1.18	-	-
Total Current Liabilities	8.18	6.93	5.6	10.74
Long-Term Debt	-	-	0.62	20.24
Long-Term Leases	0.99	-	0.02	0.46
Long-Term Unearned Revenue	8.2	8.2	8.2	3.37
Other Long-Term Liabilities	269.03	-	0.46	-
Total Liabilities	286.39	15.13	14.9	34.81
Common Stock	0.01	0.01	0.01	3.5
Additional Paid-In Capital	46.27	104.24	93.37	-
Retained Earnings	-180.5	-72.87	-54.22	-44.64
Total Common Equity	-134.22	31.38	39.15	-41.13
Minority Interest	2.29	2.64	3.33	4.57
Shareholders' Equity	-106.69	53.94	42.48	32.05
Total Liabilities & Equity	179.7	69.07	57.39	66.86
Total Debt	1.41	0.85	1.09	21.14
Net Cash (Debt)	120.38	15.91	12.11	5.83
Net Cash Growth	4711.35%	31.40%	107.69%	-
Net Cash Per Share	1.92	0.34	0.27	0.03
Filing Date Shares Outstanding	97.43	94.7	228.4	216.7
Total Common Shares Outstanding	96.19	94.7	228.4	216.7
Working Capital	115.37	15.38	8.11	16.58
Book Value Per Share	-1.40	0.33	0.17	-0.19
Tangible Book Value	-134.22	31.38	39.15	-41.13
Tangible Book Value Per Share	-1.40	0.33	0.17	-0.19
Land	0.71	0.71	0.71	0.7
Machinery	3.02	0.5	0.61	0.59
Construction In Progress	26.24	25.78	22.6	19.32
Leasehold Improvements	0.35	0.35	0.37	0.37

Updated May 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q