MP Materials Corp. (MP) income statement
NYSE · Basic Materials · Industrial Materials · 998 employees · CEO James Henry Litinsky
- Price
- $39.57 -4.97%
- Market cap
- $7.05B
- Enterprise value
- $7.55B
- Last report
- Q2 '26 filed 2026-08-07
- Next report
- 2026-11-05 EPS est. -$0.02
MP Materials Corp. (MP) reported revenue of $108M for Q2 '26 (+89.0% year on year), operating income of -$14.7M (-13.5% of revenue) and net income of -$20.3M. Over the last four quarters revenue was $305M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52.5M | $41.2M | $48.7M | $31.3M | $62.9M | $61M | $60.8M | $57.4M | $53.6M | $52.7M | $90.6M | $108M | |
| Cost of revenue | $39M | $42.2M | $54M | $59.7M | $76.6M | $80.4M | $70.2M | $71.2M | $71M | $69.7M | $106M | $72.3M | |
| Gross profit | $13.5M | -$1.01M | -$5.3M | -$28.4M | -$13.7M | -$19.4M | -$9.41M | -$13.8M | -$17.4M | -$17M | -$15.7M | $36.2M | |
| Research & development | $2.87M | -$10.8M | $409K | $1.89M | $2.05M | $1.16M | $474K | $2.5M | $19M | $2.21M | $1.91M | $1.28M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35.2M | |
| Other operating expenses | $8.65M | $22M | $0 | $1.76M | $2.28M | $4.33M | $733K | $142K | $758K | -$48.7M | -$33M | $14.4M | |
| Operating expenses | $31.1M | $32.6M | $21.7M | $25.1M | $25.9M | $24.6M | $25.4M | $30.1M | $48.2M | -$14.4M | $2.5M | $50.9M | |
| Operating income | -$17.5M | -$33.6M | -$27M | -$53.5M | -$39.5M | -$44M | -$34.8M | -$43.9M | -$65.6M | -$2.56M | -$18.2M | -$14.7M | |
| Interest income | $14.5M | $14M | $12.9M | $12.4M | $11.8M | $10.1M | $8.57M | $8.15M | $16.5M | $18.8M | $15.6M | $0 | |
| Interest expense | $1.4M | $1.11M | $2.86M | $6.75M | $6.65M | $6.76M | $7.62M | $5.41M | $8.57M | $9.89M | $7.36M | $9.7M | |
| Other non-operating income (gains on investments, FX ...) | -$14.5M | -$14.1M | -$53.5M | -$12.1M | -$11.3M | -$16.8M | -$15.2M | -$6.57M | -$15.7M | -$23M | -$14.4M | $4.96M | |
| Total non-operating income | $13.1M | $13M | $50.6M | $5.34M | $4.67M | $10M | $7.6M | $1.16M | $7.18M | $13.1M | $4.59M | -$14.7M | |
| Income before tax | -$4.48M | -$20.7M | $23.6M | -$48.2M | -$34.9M | -$34M | -$27.2M | -$42.7M | -$58.4M | $10.6M | -$13.6M | -$29.3M | |
| Income tax | -$200K | -$4.4M | $7.14M | -$14.1M | -$9.35M | -$11.6M | -$4.53M | -$11.9M | -$16.7M | $1.13M | -$5.67M | -$9.04M | |
| Net income | -$4.28M | -$16.3M | $16.5M | -$34.1M | -$25.5M | -$22.3M | -$22.6M | -$30.9M | -$41.8M | $9.43M | -$7.97M | -$20.3M | |
| EPS (basic) | -$0.02 | -$0.09 | $0.09 | -$0.21 | -$0.16 | -$0.14 | -$0.14 | -$0.19 | -$0.24 | $0.05 | -$0.04 | -$0.11 | |
| EPS (diluted) | -$0.02 | -$0.09 | -$0.08 | -$0.21 | -$0.16 | -$0.14 | -$0.14 | -$0.19 | -$0.24 | $0.05 | -$0.04 | -$0.11 | |
| Shares (basic, weighted) | 177M | 178M | 175M | 165M | 164M | 163M | 164M | 164M | 174M | 178M | 178M | 178M | |
| Shares (diluted, weighted) | 177M | 178M | 187M | 165M | 164M | 163M | 164M | 164M | 175M | 199M | 199M | 178M | |
| Depreciation & amortization | $17M | $18.9M | $18.4M | $18.2M | $19.3M | $22.1M | $21.4M | $20.8M | $22.5M | $24.6M | $32.1M | $35.4M | |
| EBITDA | $13.9M | -$690K | $44.9M | -$23.2M | -$8.88M | -$5.08M | $1.82M | -$16.5M | -$27.4M | $45.1M | $28.3M | $15.7M |
| Income statement | Trend | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67.4M | $73.4M | $134M | $332M | $528M | $253M | $204M | $224M | |
| Cost of revenue | $57.3M | $67.8M | $70.7M | $101M | $111M | $148M | $271M | $282M | |
| Gross profit | $10.1M | $5.58M | $63.6M | $231M | $417M | $105M | -$66.8M | -$57.6M | |
| Research & development | $0 | $0 | $140K | $4.2M | $4.25M | $14.9M | $9.31M | $24.2M | |
| Sales & marketing | $0 | $0 | $0 | -$569K | $17K | $0 | $0 | $0 | |
| General & administrative | $14.6M | $11.1M | $26.8M | $57.2M | $75.8M | $0 | $0 | $0 | |
| Other operating expenses | $4.45M | $2.09M | $71.4M | $5.13M | $9.42M | $28.6M | $10M | -$48.8M | |
| Operating expenses | $19M | $13.2M | $98.3M | $66M | $89.5M | $123M | $103M | $87.5M | |
| Operating income | -$8.88M | -$7.62M | -$34.7M | $165M | $327M | -$17.7M | -$169M | -$145M | |
| Interest income | $0 | $461K | $163K | $353K | $19.8M | $55.6M | $47.1M | $52M | |
| Interest expense | $5.02M | $3.41M | $5.01M | $8.9M | $5.79M | $5.25M | $23M | $31.5M | |
| Other non-operating income (gains on investments, FX ...) | $0 | -$4.28M | -$251K | -$3.75M | -$19.5M | -$56M | -$99.1M | -$58.8M | |
| Total non-operating income | -$4.58M | $866K | -$4.76M | -$5.15M | $13.7M | $50.8M | $76.1M | $27.3M | |
| Income before tax | -$13.5M | -$6.75M | -$39.5M | $160M | $341M | $33.1M | -$93.3M | -$118M | |
| Income tax | $1K | $1K | -$17.6M | $25.2M | $52.1M | $8.77M | -$27.9M | -$31.9M | |
| Net income | -$13.5M | -$6.76M | -$21.8M | $135M | $289M | $24.3M | -$65.4M | -$85.9M | |
| EPS (basic) | -$0.20 | -$0.10 | -$0.27 | $0.78 | $1.64 | $0.14 | -$0.57 | -$0.50 | |
| EPS (diluted) | -$0.20 | -$0.10 | -$0.27 | $0.73 | $1.52 | $0.14 | -$0.57 | -$0.50 | |
| Shares (basic, weighted) | 66.6M | 66.6M | 79.7M | 173M | 177M | 177M | 167M | 170M | |
| Shares (diluted, weighted) | 68.9M | 68.9M | 79.7M | 190M | 193M | 178M | 170M | 170M | |
| Depreciation & amortization | $4.45M | $4.69M | $6.93M | $24.4M | $18.4M | $55.7M | $78.1M | $89.3M | |
| EBITDA | -$4.43M | $1.35M | -$27.5M | $193M | $365M | $94M | $7.72M | $2.97M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02