USA Rare Earth Inc (USAR) quarterly income statement — complete revenue, gross profit & net income history
USA Rare Earth Inc (USAR) annual income statement — 4-year revenue, gross profit & net income history
| 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 |
|---|
| Sales/Revenue | 5.82M | 5.7M | 1.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 9.88M | 7.7M | 2.42M | 0 | 272K | 0 | 32K | 91K | 98K | 433.73K | 0 | 0 | 0 | 0 |
| COGS % of Revenue | 169.82% | 135.06% | 147.35% | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | -4.06M | -2M | -778K | 0 | -272K | 0 | -32K | -91K | -98K | -434K | 0 | -421K | 0 | 0 |
| Gross Margin % | -69.82% | -35.06% | -47.35% | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | -1394.12% | - | -2331.25% | 100% | -177.55% | 100% | - | 78.38% | - | - | - | - | - | - |
| Operating Expenses | 42.25M | 34.68M | 25.34M | 15.86M | 8.53M | 8.72M | 5.88M | 1.87M | 2.91M | 433.73K | 329.52K | 420.84K | 228.65K | 5.84K |
| OpEx % of Revenue | 725.82% | 608.58% | 1542.42% | - | - | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 31.48M | 20.43M | 18.17M | 11.41M | 22.13M | 7.03M | 20.77M | 706K | 21.22M | 433.73K | 329.52K | 420.84K | 228.65K | 5.84K |
| SG&A % of Revenue | 540.83% | 358.51% | 1106.15% | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 10.77M | 14.25M | 7.17M | 4.45M | 2.58M | 1.69M | 1.4M | 1.16M | 1.73M | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 184.99% | 250.07% | 436.28% | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -1000K | 0 | -1000K | 0 | -1000K | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -46.31M | -36.67M | -26.12M | -15.86M | -8.8M | -8.72M | -10.18M | -1.96M | -3.01M | -434K | -330K | -421K | -229K | -5.84K |
| Operating Margin % | -795.64% | -643.65% | -1589.77% | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | -426.06% | -320.68% | -156.56% | -709.65% | -192.39% | -1908.76% | -2985.15% | -365.32% | -1214.85% | -7325.15% | - | - | - | - |
| EBITDA | -43.83M | -34.57M | -25.15M | -15.65M | -8.53M | -8.65M | -10.18M | -1.87M | -2.91M | -270 | 196.56K | -163 | -229K | 358 |
| EBITDA Margin % | -753.01% | -606.72% | -1530.55% | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | -413.75% | -299.53% | -147% | -737.63% | -192.89% | -3204714.81% | -5279.48% | -1145912.27% | -1172.05% | -175.42% | - | - | - | - |
| D&A (Non-Cash Add-back) | 2.48M | 2.1M | 973K | 214K | 272K | 65K | 0 | 91K | 98K | 433.73K | 526.56K | 420.84K | 0 | 6.2K |
| EBIT | -46.31M | -36.67M | -26.12M | -156.98M | -8.8M | 51.77M | -10.18M | -1.96M | -3.01M | -434K | 3.07M | -421K | -229K | -5.84K |
| Net Interest Income | 370K | 11.97M | 3.18M | 1.29M | 765K | 100K | -4.55K | 440 | 1.13K | 2.98K | 3.4M | 3.28M | 1.06M | 0 |
| Interest Income | 370K | 11.97M | 3.18M | 1.31M | 765K | 187K | -4.55K | 440 | 1.13K | 2.98K | 3.4M | 3.28M | 1.06M | 0 |
| Interest Expense | 0 | 0 | 0 | 17K | 0 | 87K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 33.84M | -31.97M | -24.54M | -141.13M | -133.7M | 60.4M | -4.3M | -49K | 192K | 3.35M | 3.4M | 3.28M | 1.06M | 0 |
| Pretax Income | -12.48M | -68.64M | -50.66M | -156.99M | -142.51M | 51.68M | -14.48M | -2.01M | -2.82M | 2.92M | 3.07M | 2.86M | 830.82K | -5.84K |
| Pretax Margin % | -214.33% | -1204.72% | -3083.32% | - | - | - | - | - | - | - | - | - | - | - |
| Income Tax | -513K | -577K | -160K | 0 | 0 | 0 | 0 | 0 | 28.44M | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 4.11% | 0.84% | 0.32% | 0% | 0% | 0% | 0% | 0% | -1008.73% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -10.33M | -66.99M | -50.2M | -156.68M | -142.51M | 51.83M | -6.8M | -1.87M | 3.04M | 2.92M | 3.07M | 2.86M | 830.82K | -5.84K |
| Net Margin % | -177.51% | -1175.66% | -3055.69% | - | - | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | 92.75% | -229.24% | -638.63% | -8283.09% | -4780% | 1675.68% | -321.62% | -165.42% | 266.51% | 50040.12% | - | - | - | - |
| Net Income (Continuing) | -11.96M | -68.07M | -50.5M | -156.99M | -142.51M | 51.68M | -6.89M | -2.01M | 86.04M | 2.92M | 3.07M | 2.86M | 830.82K | -5.84K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -1.06M | 574K | 1.65M | 1.97M | 2.29M | 2.49M | 2.64M | 2.74M | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05 | -0.34 | -0.37 | -1.64 | -1.54 | 0.62 | -0.64 | 0.05 | 0.10 | 0.09 | 0.10 | 0.09 | 0.03 | -0.00 |
| EPS Growth % | 96.58% | -154.84% | 42.19% | -3495.45% | -1681.11% | 563.81% | -752.4% | -47.16% | 244.17% | - | - | - | - | - |
| EPS (Basic) | -0.05 | -0.34 | -0.37 | -1.64 | -1.54 | 0.80 | -0.66 | 0.06 | 0.11 | 0.09 | 0.10 | -0.01 | 0.13 | -0.00 |
| Diluted Shares Outstanding | 196.48M | 196.48M | 148.06M | 102.59M | 92.77M | 83.08M | 22.32M | 31.25M | 31.25M | 31.25M | 31.25M | 31.25M | 29.38M | 27.5M |
| Basic Shares Outstanding | 196.48M | 196.48M | 148.06M | 102.59M | 92.77M | 64.46M | 22.32M | 25M | 28.13M | 31.25M | 31.25M | 6.25M | 6.3M | 27.5M |
| Dividend Payout Ratio | - | - | - | - | - | 3.78% | - | - | 3709.52% | 114.76% | - | - | - | - |