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MP Materials (MP)

NYSE Materials Diversified Metals & Mining S&P MidCap 400
$35.41
+1.67 (+4.95%)
Close of Nov 06, 2026 · end-of-day data
Source: MP Materials's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$73.02M$134.31M$331.95M$527.51M$253.44M$203.85M$224.44M
Cost of revenue$61.26M$63.80M—$92.22M$92.71M$192.59M$192.79M
Gross profit$11.76M$70.51M—$435.29M$160.73M$11.27M$31.65M
Selling, general & admin—$26.77M$56.65M$75.86M$79.25M$83.30M$112.07M
Operating income-$7.62M-$34.70M$165.34M$327.41M-$17.72M-$169.43M-$149.37M
Interest expense$3.41M$5.01M$8.90M$5.79M$5.25M$23.01M$31.48M
Pre-tax income-$6.75M-$39.46M$160.19M$341.15M$33.08M-$93.35M-$117.77M
Income tax$1.00K-$17.64M$25.16M$52.15M$8.77M-$27.92M-$31.90M
Net income-$6.75M-$21.82M$135.04M$289.00M$24.31M-$65.42M-$85.87M
EBITDA-$2.93M-$27.77M$189.73M$345.77M$37.99M-$91.37M-$60.11M
EPS (basic)$-0.10$-0.27$0.78$1.64$0.14$-0.39$-0.50
EPS (diluted)$-0.10$-0.27$0.73$1.52$0.14$-0.57$-0.50
Diluted shares66.56M79.69M189.84M193.45M178.15M169.88M170.13M
Gross margin16.1%52.5%—82.5%63.4%5.5%14.1%
Operating margin-10.4%-25.8%49.8%62.1%-7.0%-83.1%-66.6%
Net margin-9.3%-16.2%40.7%54.8%9.6%-32.1%-38.3%

Balance sheet

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$2.76M$519.65M$1.18B$136.63M$263.35M$282.44M$1.17B
Short-term investments——$0$1.05B$734.49M$568.43M$664.27M
Receivables$370.00K$3.59M$51.01M$32.86M$10.03M$18.64M$14.64M
Inventory$23.05M$32.27M$38.69M$57.55M$95.18M$107.91M$171.56M
Total current assets$27.41M$561.05M$1.28B$1.29B$1.13B$1.03B$2.17B
Total assets$101.79M$1.07B$1.89B$2.24B$2.34B$2.33B$3.86B
Total current liabilities$31.32M$43.06M$59.54M$97.48M$108.55M$164.02M$299.05M
Short-term debt—$2.40M$0——$0$67.41M
Long-term debt—$961.00K$674.93M$678.44M$681.98M$908.73M$931.33M
Total debt—$3.36M$674.93M$678.44M$681.98M$908.73M$998.74M
Total liabilities$119.82M$220.41M$880.93M$925.15M$970.67M$1.28B$1.47B
Shareholders' equity-$18.02M$853.88M$1.01B$1.31B$1.37B$1.05B$1.98B

Cash flow

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$437.00K$3.28M$101.97M$343.51M$62.70M$13.35M-$155.75M
Capital expenditures$2.27M$22.37M$123.87M$326.60M$261.90M$186.42M$172.38M
Free cash flow-$2.71M-$19.09M-$21.90M$16.92M-$199.20M-$173.07M-$328.13M
Investing cash flow$5.62M-$22.37M-$119.36M-$1.36B$68.70M$10.06M-$206.05M
Financing cash flow-$4.10M$521.96M$666.11M-$24.19M-$9.92M-$4.79M$1.25B
Share buybacks———$0$0$225.07M$0
Stock-based compensation$0$5.01M$22.93M$31.78M$25.24M$23.18M$30.16M
Depreciation & amortization$4.69M$6.93M$24.38M$18.36M$55.71M$78.06M$89.27M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.