USA Rare Earth Inc(USARW)Earnings, Financials & Key Ratios
USARW•NASDAQ
$1.10
Price updated Jun 20, 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+83.1%
- Net Income$8M+206.5%
- EPS (Diluted)0.00
- ROE32.81%
USARW Price & Volume
USA Rare Earth Inc (USARW) stock price & volume — 10-year historical chart
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Pre-Commercial Development Faces Severe Liquidity Constraints
Investment Thesis • Updated 2025Q3
VerdictNegative: The company's lack of revenue and reliance on volatile capital raises
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Imminent liquidity and funding shortfall
Key Thesis Takeaways
- USA Rare Earth Inc remains a speculative, pre-commercial entity focused on the Round Top project, currently lacking any revenue generation to offset its significant operational burn.
- The company's reliance on episodic capital injections to fund its $64.4 million in net PPE assets creates extreme volatility in its financial position.
- Investors should monitor the firm's ability to transition from development to production, as the current negative equity of $60.6 million and lack of commercial output present substantial long-term solvency risks.
Verdict Logic
evidenced by a cash position that fluctuated from $2,101 in 2024Q4 to $257.6 million in 2025Q3, suggest an unsustainable path for long-term investors.
USARW Growth Metrics
USA Rare Earth Inc (USARW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
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Profit CAGR
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EPS CAGR
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Return on Capital
10 Years-33.5%
5 Years-33.5%
3 Years-33.5%
Last Year-11.33%
Peers Comparison
Key metrics vs top competitors for USA Rare Earth Inc (USARW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1.10 | — | — | — | — | 32.81% | — | |
| $50.49 | $8.99B | -100.98 | 35.12% | -20.48% | -3.49% | — | |
| $12.86 | $3.21B | -34.76 | -15.61% | -82.7% | -10.16% | — | |
| $4.44 | $604.51M | -12.33 | — | — | -21.45% | — | |
| $46.72 | $1.16B | 65.80 | 13.19% | 0.08% | 1.78% | — | |
| $3.62 | $808.27M | -7.10 | — | — | -8.28% | — |
Compare USARW vs Peers
USA Rare Earth Inc (USARW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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USARW Frequently Asked Questions
USA Rare Earth Inc (USARW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Is USARW profitable?
USA Rare Earth Inc (USARW) reported a net loss of $230.5M for fiscal year 2024.
Dividend & Returns
What is USARW's return on equity?
USA Rare Earth Inc (USARW) has a return on equity (ROE) of 32.8%. This is excellent, indicating efficient use of shareholder capital.
What is USA Rare Earth Inc's free cash flow?
USA Rare Earth Inc (USARW) had negative free cash flow of $23.9M in fiscal year 2024, likely due to heavy capital investments.