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AI brief of an SEC Form 8-K · USA Rare Earth, Inc. (USAR)

USA Rare Earth Q3 operating loss widens to $141.4 million; net income turns positive

Mixed Impact 4 of 5 earnings

USA Rare Earth reported third-quarter 2026 revenue of $3.0 million and a loss from operations of $141.4 million, up from $15.9 million a year earlier. Net income attributable to the company was $11.7 million, compared with a net loss of $156.7 million a year earlier, but the adjusted net loss widened to $125.6 million and cash used in operating activities was $143.7 million.

Key points

  • Third-quarter loss from operations was $141.4 million, versus $15.9 million in the same quarter of 2025.
  • Third-quarter net income attributable to USA Rare Earth was $11.7 million, versus a net loss of $156.7 million; diluted EPS was $(0.02) versus $(1.64).
  • Adjusted net loss attributable to the company was $125.6 million, versus $25.6 million a year earlier.
  • Cash, cash equivalents and restricted cash were $1.2 billion at September 30, 2026, up from $359.9 million at December 31, 2025.

The filing

CompanyUSA Rare Earth, Inc. (USAR)
Form8-K, current report
Filed with the SECNov 9, 2026, 4:12 PM ET
Accession number0001970622-26-000066

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:16 PM ET, from this filing only.

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.