USAR
USA Rare Earth, Inc.
NASDAQ: USAR · BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING
$22.03
-3.25% today
Updated 2026-04-29
Market cap
$4.96B
P/E ratio
—
P/S ratio
3,021.02x
EPS (TTM)
$-3.31
Dividend yield
—
52W range
$8 – $44
Volume
14.4M
USA Rare Earth, Inc. (USAR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $1.18B | $1.64M |
| Revenue growth (YoY) | — | — | — | -99.9% |
| Cost of revenue | $210000.00 | $308000.00 | $217.98M | $1.45M |
| Gross profit | $-210000.00 | $-308000.00 | $958.89M | $195000.00 |
| Gross margin | — | — | 81.5% | 11.9% |
| R&D | $271000.00 | $1.64M | $6.34M | $15.88M |
| SG&A | $19.78M | $21.09M | $86.09M | $43.13M |
| Operating income | $-24.26M | $-1.18M | $-4.08M | $-59.50M |
| Operating margin | — | — | -0.3% | -3621.6% |
| EBITDA | $-23.59M | $7.93M | $871.08M | $-296.96M |
| EBITDA margin | — | — | 74.0% | -18074.2% |
| EBIT | $-24.26M | $6.75M | $660.22M | $-298.55M |
| Interest expense | — | — | $315000.00 | $139000.00 |
| Income tax | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-23.84M | $6.75M | $7.90M | $-297.56M |
| Net income growth (YoY) | — | +128.3% | +17.1% | -3867.0% |
| Profit margin | — | — | 0.7% | -18110.7% |