USAR
USA Rare Earth Inc
NASDAQ · Basic Materials · Industrial Materials · US
$17.61
−0.45%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 13.2M | 1.6M | — | — | — |
| Cost of Revenue | 20.3M | 3.0M | 389.0K | — | 210.0K |
| Gross Profit | (7.1M) | (1.4M) | (389.0K) | — | (210.0K) |
| Operating Expenses | |||||
| R&D Expense | 36.6M | 15.9M | 6.3M | — | 271.0K |
| SG&A Expense | 81.2M | 42.2M | 8.9M | 985.2K | 19.8M |
| General & Admin Expense | — | — | — | — | 19.8M |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | — | — | — | — | 4.0M |
| Total Operating Expenses | 117.9M | 58.1M | 15.2M | 985.2K | 24.1M |
| Cost and Expenses | 138.1M | 61.1M | 15.6M | 985.2K | 24.3M |
| Operating Income (EBIT) | (125.0M) | (59.5M) | (15.6M) | (985.2K) | (24.3M) |
| Non-Operating | |||||
| Interest Income | 16.8M | 5.4M | 292.0K | 11.8K | — |
| Interest Expense | — | — | — | — | — |
| Net Interest Income | 16.8M | 5.4M | 292.0K | 11.8K | — |
| Other Non-Op Income/Expense | (163.8M) | (239.2M) | (807.0K) | 7.7M | (1.3M) |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | (288.8M) | (298.7M) | (16.4M) | 6.7M | (25.5M) |
| Income Tax Expense | (1.3M) | (160.0K) | — | — | — |
| Bottom Line | |||||
| Net Income | (284.2M) | (297.6M) | (15.7M) | 6.7M | (23.8M) |
| Earnings from Cont. Ops | (287.5M) | (298.5M) | (16.4M) | 6.7M | (25.5M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (300.9M) | (324.5M) | (23.9M) | 6.7M | (23.8M) |
| Per Share | |||||
| Basic EPS | ($2.40) | ($3.31) | ($0.40) | $0.28 | ($0.87) |
| Diluted EPS | ($2.40) | ($3.31) | ($0.40) | $0.28 | ($0.87) |
| Revenue Per Share | $0.07 | $0.02 | $0.00 | $0.00 | $0.00 |
| Shares | |||||
| Basic Shares Outstanding | 196.5M | 98.0M | 22.3M | 24.2M | 27.5M |
| Diluted Shares Outstanding | 196.5M | 98.0M | 22.3M | 24.2M | 27.5M |
| Profitability Metrics | |||||
| EBITDA | (119.1M) | (57.9M) | (15.2M) | (985.2K) | (23.6M) |
| D&A | 5.8M | 1.6M | 389.0K | — | 671.0K |
| EBIT | (125.0M) | (59.5M) | (15.6M) | (985.2K) | (24.3M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026