MP Materials Q2 revenue rises 84% to $57.4 million; net loss narrows
MP Materials reported second-quarter 2025 revenue of $57.4 million, up 84% from a year earlier, driven mainly by higher NdPr oxide and metal sales and first magnetic precursor deliveries. The net loss narrowed to $30.9 million, or $0.19 per diluted share, from $34.1 million, or $0.21 per share, and Adjusted EBITDA was a loss of $12.5 million versus a loss of $27.1 million a year earlier. The headline measures improved, but the company still posted a net loss for the quarter.
Key points
- Total revenue was $57.4 million for the three months ended June 30, 2025, compared with $31.3 million a year earlier.
- Materials Segment revenue rose 20% to $37.5 million, and NdPr sales volume increased 226% to 443 metric tons.
- Magnetics Segment generated $19.9 million in revenue and $8.1 million in Adjusted EBITDA, compared with a $2.8 million Adjusted EBITDA loss a year earlier.
- Selling, general and administrative expenses rose to $27.4 million from $21.4 million, which the company attributed to higher legal costs and increased headcount.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits 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 August 07, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.