MP Materials Q1 revenue rises 25% to $60.8 million, but net loss widens to $22.6 million
MP Materials reported first-quarter 2025 revenue of $60.8 million, up 25% from a year earlier, driven by higher separated product sales and the start of magnetic precursor sales. The company posted a net loss of $22.6 million, compared with net income of $16.5 million a year earlier, which included a $46.3 million non-cash gain on debt extinguishment. For shareholders, higher sales were offset by larger losses on both GAAP and adjusted measures.
Key points
- Total revenue rose 25% year over year to $60.8 million, with Materials segment revenue up 14% to $55.6 million.
- Net loss was $22.6 million, or $(0.14) per diluted share, versus net income of $16.5 million, or $(0.08) per diluted share, a year earlier.
- Adjusted EBITDA was a loss of $2.7 million, compared with a loss of $1.2 million in the prior-year quarter.
- The Magnetics segment reported its first revenue of $5.2 million, and the company received a third $50 million customer prepayment on April 1, 2025.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.