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USA Rare Earth Inc(USAR)Earnings, Financials & Key Ratios
USAR•NASDAQ
$28.60
$638M mkt cap·73.3× P/E·Price updated May 6, 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$0
- EBITDA-$4M
- Net Income$9M+30.4%
- EPS (Diluted)0.39+39.3%
- ROE6.51%+1076.8%
- ROIC-2.27%-7304.9%
USAR Key Insights
USA Rare Earth Inc (USAR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 90 (top 10%)
- ✓Share count reduced 7.7% through buybacks
✗Weaknesses
- ✗Weak 3Y average ROE of 2.0%
- ✗Weak Piotroski F-Score: 3/9
- ✗Dividend payout exceeds 100% of earnings
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 26.5x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
USAR Price & Volume
USA Rare Earth Inc (USAR) stock price & volume — 10-year historical chart
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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-2434.01%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-983.75%
Return on Capital
10 Years-1.13%
5 Years-1.13%
3 Years-1.13%
Last Year-2.92%
USAR Recent Earnings
USA Rare Earth Inc (USAR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/10 qtrs (25%)●Beat Revenue 0/10 qtrs (0%)
Q2 2026Latest
Mar 30, 2026EPS
$0.19
Est $0.12
-58.3%
Revenue
$2M
Est $3M
-44.9%
Q4 2025
Nov 6, 2025EPS
$0.25
Est $0.06
-316.7%
Revenue
—
Q3 2025
Aug 11, 2025EPS
$0.08
Est $0.13
+38.5%
Revenue
—
Q2 2025
May 14, 2025EPS
$0.19
Est $0.32
-159.4%
Revenue
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | 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% | — |
| Q2 2025 | May 14, 2025 | $0.19vs $0.32-159.4% | — |
Based on last 10 quarters of dataView full earnings history →
USAR Peer Comparison
USA Rare Earth Inc (USAR) competitors in Battery Materials (Lithium, Graphite, Rare Earths) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MP | 12.91B | 72.65 | -145.30 | 35.12% | -31.18% | -5.04% | 0.44 | |
 UUUU | 5.83B | 23.50 | -63.51 | -15.61% | -82.7% | -10.16% | 0.99 | |
 NB | 772.96M | 6.40 | -17.78 | -18% | 0.00 | |||
 AMRK | 1.16B | 46.72 | 65.80 | 13.19% | 1.76% | 1.29 | ||
 LAC | 1.45B | 5.99 | -28.52 | -26.94% | 0.02 | |||
 ALB | 22.7B | 192.61 | -33.50 | -4.37% | -5% | -2.7% | 0.34 | |
 FCX | 87.51B | 60.89 | 40.06 | 1.12% | 10.34% | 8.91% | 0.37 | |
 CMC | 8.01B | 72.15 | 97.50 | -1.61% | 5.46% | 10.15% | 0.32 |
Compare USAR vs Peers
USA Rare Earth Inc (USAR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
USAR Income Statement
USA Rare Earth Inc (USAR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 21.58M |
| Revenue Growth % | - | - | - | - |
| Cost of Goods Sold | 0 | 0 | 0 | 60.58M |
| COGS % of Revenue | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | 257.3M▲ 0% |
| Gross Margin % | - | - | - | 80.94% |
| Gross Profit Growth % | - | - | - | - |
| Operating Expenses | 24.26M | 1.18M | 0 | 92.41M |
| OpEx % of Revenue | - | - | - | - |
| Selling, General & Admin | 19.78M | 1.18M | 0 | 35.35M |
| SG&A % of Revenue | - | - | - | - |
| Research & Development | 271K | 0 | 0 | 8.72M |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 4.21M | 0 | 0 | 1000K |
| Operating Income | -24.26M▲ 0% | -1.18M▲ 95.1% | -4.08M▼ 245.0% | 170.31M▲ 0% |
| Operating Margin % | - | - | - | 53.58% |
| Operating Income Growth % | - | 95.13% | -244.96% | - |
| EBITDA | -23.59M | 0 | -4.08M | 170.15M |
| EBITDA Margin % | - | - | - | 53.53% |
| EBITDA Growth % | - | 100% | - | 8329% |
| D&A (Non-Cash Add-back) | 671K | 1.18M | 0 | -158K |
| EBIT | -24.26M | 6.75M | 0 | -155.66M |
| Net Interest Income | 0 | 11.76K | 0 | 1.21M |
| Interest Income | 0 | 11.76K | 0 | 1.31M |
| Interest Expense | 0 | 0 | 0 | 99K |
| Other Income/Expense | -1.28M | 7.93M | 11.98M | -152.52M |
| Pretax Income | -25.54M▲ 0% | 6.75M▲ 126.4% | 7.9M▲ 17.1% | 71.42M▲ 0% |
| Pretax Margin % | - | - | - | 330.97% |
| Income Tax | 0 | 0 | 8.8M | 45.69M |
| Effective Tax Rate % | 0% | 0% | 111.41% | 63.97% |
| Net Income | -23.84M▲ 0% | 6.75M▲ 128.3% | 8.8M▲ 30.4% | -246.03M▲ 0% |
| Net Margin % | - | - | - | -77.4% |
| Net Income Growth % | - | 128.3% | 30.41% | -2434.01% |
| Net Income (Continuing) | -25.54M | 6.75M | 0 | -26.52M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 1.97M |
| EPS (Diluted) | -0.28▲ 0% | 0.28▲ 200.0% | 0.39▲ 39.3% | -2.40▲ 0% |
| EPS Growth % | - | 200% | 39.29% | -983.75% |
| EPS (Basic) | -0.28 | 0.28 | 0.39 | - |
| Diluted Shares Outstanding | 84.77M | 24.19M | 22.32M | 102.59M |
| Basic Shares Outstanding | 84.77M | 24.19M | 22.32M | 102.59M |
| Dividend Payout Ratio | - | - | 136.59% | - |
USAR Balance Sheet
USA Rare Earth Inc (USAR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Total Current Assets | 88.99M | 499.66K | 60.5K | 258.88M |
| Cash & Short-Term Investments | 0 | 275.67K | 2.1K | 257.61M |
| Cash Only | 0 | 275.67K | 2.1K | 257.61M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 86.73M | 0 | 0 | 109.37M |
| Days Sales Outstanding | - | - | - | 462.47 |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 2.27M | 0 | 58.4K | -108.1M |
| Total Non-Current Assets | 5.7B | 258.97M | 24.08M | 64.45M |
| Property, Plant & Equipment | 3.75B | 0 | 0 | 41M |
| Fixed Asset Turnover | - | - | - | 0.82x |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.29B | 0 | 0 | 1.09B |
| Long-Term Investments | 652.77M | 0 | 0 | 592.24M |
| Other Non-Current Assets | 12.03M | 258.97M | 24.08M | -1.59B |
| Total Assets | 5.79B▲ 0% | 259.47M▼ 95.5% | 24.14M▼ 90.7% | 323.32M▲ 0% |
| Asset Turnover | - | - | - | 0.14x |
| Asset Growth % | - | -95.52% | -90.7% | -173.7% |
| Total Current Liabilities | 102.08M | 309.99K | 3.94M | 15.68M |
| Accounts Payable | 22.86M | 234.99K | 0 | 1.83M |
| Days Payables Outstanding | - | - | - | 10.81 |
| Short-Term Debt | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 23.09M | 0 | 3.94M | 0 |
| Current Ratio | 0.87x | 1.61x | 0.02x | 0.02x |
| Quick Ratio | 0.87x | 1.61x | 0.02x | 0.02x |
| Cash Conversion Cycle | - | - | - | 451.65 |
| Total Non-Current Liabilities | 3.5B | 13.1M | 13.15M | 358.03M |
| Long-Term Debt | 3.36B | 0 | 0 | 13.49M |
| Capital Lease Obligations | 0 | 0 | 0 | 884K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 135.64M | 13.1M | 13.15M | 723.93M |
| Total Liabilities | 3.6B | 13.41M | 17.09M | 373.71M |
| Total Debt | 3.36B | 0 | 0 | 14.8M |
| Net Debt | 3.36B | -275.67K | -2.1K | -242.81M |
| Debt / Equity | 1.53x | - | - | -0.25x |
| Debt / EBITDA | - | - | - | 0.09x |
| Net Debt / EBITDA | - | - | - | -1.43x |
| Interest Coverage | - | - | - | -1572.30x |
| Total Equity | 2.19B▲ 0% | 246.06M▼ 88.8% | 24.14M▼ 90.2% | -58.58M▲ 0% |
| Equity Growth % | - | -88.78% | -90.19% | -402.37% |
| Book Value per Share | 25.86 | 10.17 | 1.08 | -0.57 |
| Total Shareholders' Equity | 2.19B | 246.06M | 24.14M | 2.07B |
| Common Stock | 4.79M | 258.97M | 24.08M | 11K |
| Retained Earnings | 82.79M | -12.91M | -17.03M | 88.26M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 1.97M |
USAR Cash Flow Statement
USA Rare Earth Inc (USAR) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|
| Cash from Operations | -14.8M | -1.14K | -1.4M | -1.4M |
| Operating CF Margin % | - | - | - | - |
| Operating CF Growth % | - | 99.99% | -122839.12% | -7249.54% |
| Net Income | -25.54M | 8.1K | 7.9M | -246.03M |
| Depreciation & Amortization | 671K | 0 | 0 | 65K |
| Stock-Based Compensation | 3.23M | 0 | 0 | 4.49M |
| Deferred Taxes | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.35M | -9.26K | -9.3M | 220.54M |
| Working Capital Changes | 5.49M | 24 | 0 | 8.17M |
| Change in Receivables | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Change in Payables | 320K | 0 | 2.51M | 280.46K |
| Cash from Investing | -15.15M | -251.25M | 246.92M | 236.77M |
| Capital Expenditures | -5.11M | 0 | 0 | -9.11M |
| CapEx % of Revenue | - | - | - | - |
| Acquisitions | -10.04M | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | 0 | -251.25M | 246.92M | 245.88M |
| Cash from Financing | 22.26M | 302.97K | -245.79M | -80.68M |
| Debt Issued (Net) | 0 | -179.66K | 0 | -9.7M |
| Equity Issued (Net) | 0 | 1000K | 0 | 1000K |
| Dividends Paid | 0 | 0 | -12.02M | -26.78M |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | 22.26M | -252.1M | -233.77M | -189.68M |
| Net Change in Cash | -7.7M▲ 0% | 331▲ 100.0% | -273.56K▼ 82747.7% | 142.27M▲ 0% |
| Free Cash Flow | -19.91M▲ 0% | -1.14K▲ 100.0% | -1.4M▼ 122366.2% | 153.68M▲ 0% |
| FCF Margin % | - | - | - | 48.35% |
| FCF Growth % | - | 99.99% | -122408.36% | 17244.59% |
| FCF per Share | -0.23 | -0.00 | -0.06 | -0.06 |
| FCF Conversion (FCF/Net Income) | 0.62x | -0.00x | -0.16x | -0.62x |
| Interest Paid | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 |
USAR Key Ratios
USA Rare Earth Inc (USAR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | TTM |
|---|---|---|---|
| Return on Equity (ROE) | 0.55% | 6.51% | 14225.24% |
| Return on Invested Capital (ROIC) | -0.03% | -2.27% | -2.27% |
| Gross Margin | - | - | 80.94% |
| Net Margin | - | - | -77.4% |
| Debt / Equity | - | - | -0.25x |
| Interest Coverage | - | - | -1572.30x |
| FCF Conversion | -0.00x | -0.16x | -0.62x |
USAR SEC Filings & Documents
USA Rare Earth Inc (USAR) SEC filings — annual & quarterly reports (10-K, 10-Q)
USAR Frequently Asked Questions
USA Rare Earth Inc (USAR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
USA Rare Earth Inc (USAR) reported $21.6M in revenue for fiscal year 2024.
USA Rare Earth Inc (USAR) grew revenue by 0.0% over the past year. Growth has been modest.
USA Rare Earth Inc (USAR) reported a net loss of $246.0M for fiscal year 2024.
Dividend & Returns
Yes, USA Rare Earth Inc (USAR) pays a dividend with a yield of 1.88%. This makes it attractive for income-focused investors.
USA Rare Earth Inc (USAR) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.
USA Rare Earth Inc (USAR) generated $153.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More USAR
USA Rare Earth Inc (USAR) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates