USA Rare Earth, Inc. (USAR)

USA Rare Earth Income Statement

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

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023
Period Ending	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Sep 30, 2023	Jun 30, 2023
Revenue	5.7
Cost of revenue	5.59
Gross profit	0.11
Operating Expenses
Selling, general and administrative	21.18
Selling, general and administrative Growth	201.25%
Operating Costs and Expenses
Research and development	14.25
Research and development Growth	743.63%
Loss from operations	-36.68
Income before income taxes	-68.65
Benefit from income taxes	-0.58
Amortization of intangible assets	1.36
Total operating expenses	36.78
Total operating expenses Growth	321.90%
Interest and dividend income	11.97
Interest and dividend income Growth	6301.07%
Grant income	0.21
Gain on fair market value of financial instruments, net	-43.55
Interest expense and other loss, net	-0.59
Total other income (expense), net	-31.97
Net income	-68.07
Net loss attributable to non-controlling interest	-1.08
Net income attributable to USA Rare Earth, Inc.	-66.99
Basic	-0.34
Diluted	-0.34
Basic	196.48
Basic Growth	204.79%
Diluted	196.48
Diluted Growth	136.50%

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.