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USA Rare Earth, Inc. (USAR)
NASDAQ: USAR · Real-Time Price · USD
7.92
-0.84 (-9.65%)
At close: Nov 10, 2026, 4:00 PM EST
8.00
+0.08 (1.07%)
After-hours: Nov 10, 2026, 6:40 PM EST

USA Rare Earth Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22
Net Income
-115.82-297.56-15.74-7.42-23.84
Depreciation & Amortization
5.691.590.390.720.67
Other Amortization
--0.210.07-
Loss (Gain) From Sale of Investments
--0.41-1.35
Stock-Based Compensation
8.768.761.741.371.62
Other Operating Activities
-72.42246.57-0.14-17.04-0.09
Change in Accounts Receivable
-0.6-0.6---
Change in Inventory
-3.21-3.21---
Change in Accounts Payable
-5.49-5.491.09-20.32
Change in Unearned Revenue
-0.48-0.48-4.833.37
Change in Other Net Operating Assets
-63.181.59-0.95-2.461.8
Operating Cash Flow
-246.91-48.99-12.99-21.93-14.8
Operating Cash Flow Growth
-----

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22
Capital Expenditures
-214.88-37.36-3.11-5.96-15.15
Cash Acquisitions
-293.4-102.21---
Other Investing Activities
-2.73--0.18--
Investing Cash Flow
-511.01-139.57-3.29-5.96-15.15

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22
Long-Term Debt Issued
-0.36-1-
Net Debt Issued (Repaid)
-0.150.36-1-
Issuance of Common Stock
1,747493.92--20.24
Other Financing Activities
-98.5514.19-5.66-0.192.02
Financing Cash Flow
1,671531.7219.8414.1122.26

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22
Miscellaneous Cash Flow Adjustments
----0.36-
Net Cash Flow
905.99343.163.56-14.14-7.7

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22
Free Cash Flow
-461.79-86.34-16.1-27.88-29.95
Free Cash Flow Growth
-----
Free Cash Flow Margin
-2856.90%-5255.27%---
Free Cash Flow Per Share
-2.28-0.88-0.27-0.63-0.14
Levered Free Cash Flow
-307.54-47.19-14.78-24.65-
Unlevered Free Cash Flow
-307.45-47.1-14.8-24.67-

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22
Cash Interest Paid
0.020.02---
Change in Working Capital
-73.11-8.340.140.375.49
SEC Filings: 10-K · 10-Q