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USA Rare Earth, Inc. (USAR)
NASDAQ: USAR · Real-Time Price · USD
16.04
-1.02 (-5.98%)
At close: Sep 10, 2026, 4:00 PM EDT
16.03
-0.01 (-0.06%)
After-hours: Sep 10, 2026, 7:59 PM EDT

USA Rare Earth Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Net Income
-284.21-297.56-15.74-7.42-23.84
Depreciation & Amortization
5.831.590.390.720.67
Other Amortization
--0.210.07-
Loss (Gain) From Sale of Investments
--0.41-1.35
Stock-Based Compensation
18.488.761.741.371.62
Other Operating Activities
188.76246.57-0.14-17.04-0.09
Change in Accounts Receivable
-3.11-0.6---
Change in Inventory
-29.63-3.21---
Change in Accounts Payable
4.76-5.491.09-20.32
Change in Unearned Revenue
0.35-0.48-4.833.37
Change in Other Net Operating Assets
-6.111.59-0.95-2.461.8
Operating Cash Flow
-106.07-48.99-12.99-21.93-14.8
Operating Cash Flow Growth
-----

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Capital Expenditures
-139.45-37.36-3.11-5.96-15.15
Cash Acquisitions
-102.21-102.21---
Other Investing Activities
---0.18--
Investing Cash Flow
-241.66-139.57-3.29-5.96-15.15

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Long-Term Debt Issued
-0.36-1-
Net Debt Issued (Repaid)
-1.630.36-1-
Issuance of Common Stock
1,897493.92--20.24
Other Financing Activities
-73.9314.19-5.66-0.192.02
Financing Cash Flow
1,821531.7219.8414.1122.26

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Miscellaneous Cash Flow Adjustments
----0.36-
Net Cash Flow
1,473343.163.56-14.14-7.7

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Free Cash Flow
-245.52-86.34-16.1-27.88-29.95
Free Cash Flow Growth
-----
Free Cash Flow Margin
-1865.38%-5255.27%---
Free Cash Flow Per Share
-1.54-0.88-0.27-0.63-0.14
Levered Free Cash Flow
-283.96-47.19-14.78-24.65-
Unlevered Free Cash Flow
-283.84-47.1-14.8-24.67-

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22
Cash Interest Paid
0.120.02---
Change in Working Capital
-34.94-8.340.140.375.49