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USA Rare Earth Inc(USAR)Earnings, Financials & Key Ratios
USAR•NASDAQ
$20.66
Price updated Jun 25, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryBattery Materials (Lithium, Graphite, Rare Earths)
AboutUSA Rare Earth, Inc. operates as a magnet manufacturing company. The Company develops a NdFeB magnet manufacturing, minerals supply, extraction, and processing plant. USA Rare Earth serves defense, automotive, aviation, industrial, medical, and consumer electronics industries in the United States.Show more
- Revenue$2M
- EBITDA-$58M-281.1%
- Net Income-$298M-1791.1%
- EPS (Diluted)-3.31-948.7%
- Gross Margin-84.66%
- EBITDA Margin-3525.08%
- Operating Margin-3621.61%
- Net Margin-18110.71%
- ROE-22.81%-1611.1%
USAR Price & Volume
USA Rare Earth Inc (USAR) stock price & volume — 10-year historical chart
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Capital Intensive Scaling Drives Massive Liquidity Buffer
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Negative
Financial Position:Healthy
Cash Flow:Burning
Primary Risk:Commercialization and Scaling Execution
"USA Rare Earth is currently navigating a high-stakes transition from pilot-scale operations to an integrated mine-to-magnet industrial model, supported by a robust $1.7 billion cash position as of 2026Q1. While the company has successfully secured the capital necessary to fund its infrastructure build-out, the path to profitability remains obscured by structural gross margins of -35.1% and significant ongoing R&D expenditures. Investors should monitor the company's ability to convert its $119.4 million in net property, plant, and equipment into sustainable commercial output to justify its current valuation."
Verdict Logic
while the company's current ratio of 36.29 provides an exceptional liquidity cushion, the lack of operational profitability and a -6.4% operating margin suggest that the firm remains in a high-risk development stage.
USAR Growth Metrics
USA Rare Earth Inc (USAR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-879.26%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-584.43%
Return on Capital
10 Years-6.61%
5 Years-6.61%
3 Years-8.67%
Last Year-16.43%
USAR Recent Earnings
USA Rare Earth Inc (USAR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/11 qtrs (40%)●Beat Revenue 1/11 qtrs (50%)
Q2 2026Latest
May 13, 2026Metric
Actual
Est
EPS
$0.12+7.7%
$0.13
Rev
$6M+34.6%
$4M
Q2 2026
Mar 30, 2026Metric
Actual
Est
EPS
$0.19-58.3%
$0.12
Rev
$2M-44.9%
$3M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.25-316.7%
$0.06
Rev
—
—
Q3 2025
Aug 11, 2025Metric
Actual
Est
EPS
$0.08+38.5%
$0.13
Rev
—
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $0.12vs $0.13+7.7% | $6Mvs $4M+34.6% |
| Q2 2026 | Mar 30, 2026 | $0.19vs $0.12-58.3% | $2Mvs $3M-44.9% |
| Q4 2025 | Nov 6, 2025 | $0.25vs $0.06-316.7% | — |
| Q3 2025 | Aug 11, 2025 | $0.08vs $0.13+38.5% | — |
Based on last 11 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for USA Rare Earth Inc (USAR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $20.66 | $2B | -6.24 | — | -18110.71% | -22.81% | — | |
| $55.62 | $9.9B | -111.24 | 35.12% | -20.48% | -3.49% | — | |
| $14.42 | $3.6B | -38.97 | -15.61% | -82.7% | -10.16% | — | |
| $4.60 | $626.29M | -12.78 | — | — | -21.45% | — | |
| $46.72 | $1.16B | 65.80 | 13.19% | 0.08% | 1.78% | — | |
| $3.85 | $859.62M | -7.55 | — | — | -8.28% | — |
Compare USAR vs Peers
USA Rare Earth Inc (USAR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
USAR SEC Filings & Documents
USA Rare Earth Inc (USAR) SEC filings — annual & quarterly reports (10-K, 10-Q)
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USAR Frequently Asked Questions
USA Rare Earth Inc (USAR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is USA Rare Earth Inc's revenue?
USA Rare Earth Inc (USAR) reported $7.3M in revenue for fiscal year 2025.
Is USAR profitable?
USA Rare Earth Inc (USAR) reported a net loss of $416.4M for fiscal year 2025.
Dividend & Returns
What is USAR's return on equity?
USA Rare Earth Inc (USAR) has a return on equity (ROE) of -22.8%. Negative ROE indicates the company is unprofitable.
What is USA Rare Earth Inc's free cash flow?
USA Rare Earth Inc (USAR) had negative free cash flow of $131.1M in fiscal year 2025, likely due to heavy capital investments.