USA Rare Earth Inc (USARW) Earnings History
Net Loss3 years of earnings data (2022–2024) · Currently unprofitable on a TTM basis
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USA Rare Earth Inc (USARW) Earnings Overview
As of July 8, 2026, USA Rare Earth Inc (USARW) reported trailing twelve-month net income of -$231M. The company earned $-2.25 per diluted share over the past four quarters.
Looking at the long-term picture, USARW's historical earnings data spans multiple years. The company achieved its highest annual net income of $8M in fiscal 2024, representing a new all-time high.
USA Rare Earth Inc is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including MP (-$71M net income, -31.2% margin), UUUU (-$70M net income, -129.9% margin), NB (-$49M net income), USARW has comparable earnings metrics. Compare USARW vs MP →
USARW Earnings vs Peers
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USARW Historical Earnings Data (2022–2024)
3 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $8M | +206.5% | -$4M | $0.00 | - | - |
| 2023 | -$7M | +68.9% | -$25M | $0.00 | - | - |
| 2022 | -$24M | - | -$24M | $0.00 | - | - |
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USARW — Frequently Asked Questions
Quick answers to the most common questions about buying USARW stock.
What is USARW earnings per share (EPS)?
USARW trailing twelve-month (TTM) diluted EPS is $-2.25, reflecting N/A year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2022 to 2024 is available in the table on this page.
What is USA Rare Earth Inc's net income?
USA Rare Earth Inc (USARW) trailing twelve-month net income is $-231M as of 2024. Earnings declined N/A year-over-year.
Is USARW profitable?
USARW is not currently profitable on a TTM basis, reporting a net loss of $-231M. Net margin is N/A. Investors should monitor for a return to profitability.
What is USARW's earnings growth rate?
USARW compound annual EPS growth rates (CAGR): 1-Year: N/A, 3-Year: N/A, 5-Year: N/A, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2022 to 2024.
What are USARW's profit margins?
USA Rare Earth Inc net profit margin is N/A, operating margin is N/A, and gross margin is N/A. Below-average margins reflect competitive or cost pressures. Return on Equity is +32.8%.
Is USARW growing earnings?
USARW TTM EPS: $-2.25. Net income: $-231M. YoY earnings change: N/A.
What was USARW's best earnings year?
USA Rare Earth Inc's highest annual net income on record is $8M, achieved in fiscal year 2024. Earnings history on this page spans 2022 to 2024 and includes all annual and quarterly figures.
What were USARW's earnings last quarter?
USARW's most recent reported quarter was Q3 2025. Net income was $-157M with diluted EPS of $-1.64. For a full breakdown of all quarters, see the quarterly earnings table on this page.