USA Rare Earth Inc (USAR) quarterly cash flow statement — complete operating, investing & financing history
USA Rare Earth Inc (USAR) cash flow statement — 4-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|
| Cash from Operations | -56.87M | -18.46M | -27.9M | -2.85M | -7.91M | -10.33M | -639.1K | -1.21M | -112.62K | -156.46K | -136.92K | -208.15K | -602.93K | 0 |
| Operating CF Margin % | -976.95% | -323.9% | -1697.99% | - | - | - | - | - | - | - | - | - | - | - |
| Operating CF Growth % | -619.03% | -78.68% | -4265.2% | -135.45% | -6922.67% | -6501.81% | -366.76% | -481.31% | 81.32% | - | - | - | - | - |
| Net Income | -10.33M | -68.07M | -50.2M | -156.99M | -142.51M | 51.68M | 424.81K | 1.51M | 3.04M | 2.92M | 3.07M | 2.86M | 824.62K | -6 |
| Depreciation & Amortization | 2.48M | 2.1M | 0 | 214K | 0 | 65K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 4.94M | 0 | 3.01M | 0 | 1.28M | 0 | 0 | 0 | 0 | 0 | 0 | 5.84K | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -18.16M | 43.61M | 33.53M | 142.75M | 136.74M | -60.22M | -1.56M | -3.35M | -3.39M | -3.35M | -3.39M | -3.27M | -1.06M | 6 |
| Working Capital Changes | -30.85M | -1.04M | -11.22M | 8.17M | -2.15M | -3.14M | 500K | 629K | 231.81K | 274.29K | 188.54K | 204.98K | -373.93K | 0 |
| Change in Receivables | -579K | -1.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | -21.71M | -4.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 2.19M | 5.27M | -2.08M | -618K | -1.18M | -1.61M | 146K | 849K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -69.75M | -38.64M | -126.17M | -7.1M | -3.25M | -3.05M | 246.92M | -1.41M | -36K | -1.02M | -50.25K | 0 | -251.25M | 0 |
| Capital Expenditures | -69.75M | -38.64M | 0 | -7.1M | -3.25M | -2.01M | -38.34M | -1.41M | -111.98M | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | 1198.2% | 678.15% | 1458.37% | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -126.17M | 0 | 0 | -1.04M | 38.34M | 0 | 111.98M | 0 | -50.25K | 0 | -251.25M | 0 |
| Cash from Financing | -27.82M | 1.45B | 256.38M | 145.77M | 109.6M | 19.97M | -246.42M | 22.32M | -167K | -405K | 75K | 0 | 252.4M | 0 |
| Debt Issued (Net) | -70K | -1.92M | 68K | 0 | -88.1M | -6.9M | -55.6M | -15.8M | -3.02M | 0 | 0 | 0 | -179.66K | 0 |
| Equity Issued (Net) | 0 | 1.5B | 256.31M | 145.48M | 92.13M | 37.44M | -2.45M | 22.86M | -167K | -405K | 0 | 0 | 245.6M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | -11.57M | -1.96M | -108.52M | -3.43M | -112.95M | -3.35M | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -27.75M | -51M | 0 | 289K | 117.14M | -8.61M | -79.85M | 18.69M | 116.14M | 0 | 75K | 0 | 6.98M | 0 |
| Net Change in Cash | -155.28M | 1.39B | 102.32M | 135.82M | 98.44M | 6.59M | -139.1K | 134.61K | -112.62K | -156.46K | -61.92K | -208.15K | 545.74K | 0 |
| Free Cash Flow | -126.61M | -57.1M | -51.86M | -9.95M | -12.2M | -12.34M | -639.1K | -490.39K | -112.62K | -156.46K | -136.92K | -208.15K | -602.93K | 0 |
| FCF Margin % | -2175.14% | -1002.05% | -3156.36% | - | - | - | - | - | - | - | - | - | - | - |
| FCF Growth % | -938.25% | -362.7% | -8014.38% | -1929.01% | -10728.35% | -7787.15% | -366.76% | -135.59% | 81.32% | - | - | - | - | - |
| FCF per Share | -0.64 | -0.29 | -0.35 | -0.10 | -0.13 | -0.15 | -0.03 | -0.02 | -0.00 | -0.01 | -0.00 | -0.01 | -0.02 | - |
| FCF Conversion (FCF/Net Income) | 5.50x | 0.28x | 0.56x | 0.02x | 0.06x | -0.20x | 0.09x | 0.65x | -0.04x | -0.05x | -0.04x | -0.07x | -0.73x | - |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |