USA Rare Earth Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	16.16	1.64	-	-	-
Revenue Growth	-	-	-	-	-
Cost of Revenue	37.33	1.45	-	-	-
Gross Profit	-21.16	0.2	-	-	-
Selling, General & Admin	164.11	31.34	9.28	19.71	18.15
Research & Development	48.55	15.73	6.31	1.64	0.27
Amortization of Goodwill & Intangibles	4.78	0.68	-	-	-
Operating Expenses	217.43	47.74	15.59	24.79	24.26
Operating Income	-238.6	-47.55	-15.59	-24.79	-24.26
Interest Expense	-0.14	-0.14	-0.32	-0.08	-
Interest & Investment Income	5.45	5.45	0.29	0.36	0.07
Other Non Operating Income (Expenses)	120.07	-244.49	-0.38	-0.88	-
EBT Excluding Unusual Items	-113.22	-286.73	-15.99	-25.39	-24.19
Merger & Restructuring Charges	-8.1	-8.1	-	-	-
Gain (Loss) on Sale of Investments	-	-	-0.41	-	-1.35
Legal Settlements	-2.25	-2.25	-	-	-
Other Unusual Items	-1.6	-1.6	-	16.85	-
Pretax Income	-125.17	-298.68	-16.39	-8.54	-25.54
Income Tax Expense	-6.35	-0.16	-	-	-
Earnings From Continuing Operations	-118.82	-298.52	-16.39	-8.54	-25.54
Minority Interest in Earnings	3	0.97	0.66	1.12	1.7
Net Income	-115.82	-297.56	-15.74	-7.42	-23.84
Preferred Dividends & Other Adjustments	26.95	26.95	8.17	5.65	6.36
Net Income to Common	-142.78	-324.51	-23.91	-13.06	-30.21
Net Income Growth	-	-	-	-	-
Shares Outstanding (Basic)	202	98	60	44	217
Shares Outstanding (Diluted)	202	98	60	44	217
Shares Change	133.95%	64.64%	34.23%	-79.53%	-
EPS (Basic)	-0.71	-3.31	-0.40	-0.29	-0.14
EPS (Diluted)	-0.71	-3.31	-0.40	-0.29	-0.14
EPS Growth	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Free Cash Flow	-461.79	-86.34	-16.1	-27.88	-29.95
Free Cash Flow Per Share	-2.28	-0.88	-0.27	-0.63	-0.14
Gross Margin	-130.93%	11.87%	-	-	-
Operating Margin	-1476.11%	-2894.03%	-	-	-
Profit Margin	-883.29%	-19751.25%	-	-	-
Free Cash Flow Margin	-2856.90%	-5255.27%	-	-	-
EBITDA	-233.49	-46.3	-15.35	-24.49	-24.05
D&A For EBITDA	5.11	1.25	0.24	0.31	0.21
EBIT	-238.6	-47.55	-15.59	-24.79	-24.26

SEC Filings: 10-K · 10-Q