PerpEquitiesReference market
Closed- Regular hours
- 09:30 AM – 04:00 PM
- Next holiday
- Nov 26, 2026 · Thanksgiving Day
Equity
USA Rare Earth, Inc. (USAR) perpetual futures
USAR perpetual futures on 20 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade USARUSDT.
USA Rare Earth, Inc. produces magnets and is developing an integrated U.S. facility for the full NdFeB magnet lifecycle, serving defense, automotive, aerospace, industrial, healthcare, and consumer electronics sectors.
$14.44-5.0%NASDAQ closed
Price chart
–
Use the left and right arrow keys to inspect points on the chart.
Collecting venue price data...
venue perp mark · LBank (USAR/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
20/20 live markets
Trading data
Perpetual market activity
Venues
20
Live markets
20/20
24h volume
$12.7MCoverage: 16/20 marketsExchange-reported volume: $18M
Open interest
$12.3MCoverage: 15/20 markets
Best liquidity
$879.2K
Ourbit
Tightest spread
+4.9 bps
Hyperliquid HIP-3
Highest volume
$5.3M
LBank
Settlement mix
USDT · 16/20
Perp/spot vol.
0.10x
Spot volume $128.5M
OI / float
+0.44%
Float $2.8B
Spot performance
1D-3.52%
5D-12.83%
1M-18.59%
6M-5.03%
YTD+23.07%
1Y-16.51%
Venue matrix
20 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 LBank | Trade | USAR/USDT | Trading | $14.46 | +22.0% APR +0.020% every 8h | +6.9 bps | $364.5K | $5.3M | - | USDT | 50x | |
 Binance | Trade | USAR/USDT | Trading | $14.45 | +22.0% APR +0.020% every 8h | +6.9 bps | $190.9K | $2.9M | $2.7M | USDT | - | |
 Hyperliquid HIP-3 | Trade | xyz:USAR | Trading | $14.45 | +80.2% APR +0.00915% every 1h | +4.9 bps | $51.1K | $1.2M | $4.3M | USDC | 10x | |
 Deepcoin | Trade | USAR/USDT | Trading | $14.45 | +14.7% APR +0.013% every 8h | +6.9 bps | $343.6K | $719.9K | - | USDT | 25x | |
 KuCoin | Trade | USAR/USDT | Trading | $14.43 | 0.0% APR 0.000% every 8h | +48.5 bps | $4.1K | $641K | $301.3K | USDT | 20x | |
 OKX | Trade | USAR/USDT | Trading | $14.46 | +5.1% APR +0.00462% every 8h | +13.8 bps | $36.3K | $487.6K | $971.5K | USDT | 20x | |
 Gate.io | Trade | USAR/USDT | Trading | $14.45 | 0.0% APR 0.000% every 8h | +20.8 bps | - | $437.6K | $652.1K | USDT | 20x | |
 Extended | Trade | USAR/USD | Trading | $14.45 | +21.9% APR +0.00250% every 1h | +11.8 bps | $58K | $251.8K | $4.5K | USD | 10x | |
 Bitunix | Trade | USAR/USDT | Trading | $14.46 | +13.3% APR +0.012% every 8h | +6.9 bps | $478.1K | $199.3K | - | USDT | 20x | |
 GRVT | Trade | USAR/USDT | Trading | $14.45 | +0.9% APR +0.00080% every 8h | +20.8 bps | $95.6K | $186.1K | $1.3K | USDT | - | |
 Bybit | Trade | USAR/USDT | Trading | $14.43 | 0.0% APR 0.000% every 8h | +13.9 bps | $14.1K | $163.8K | $426.7K | USDT | 25x | |
 MEXC | Trade | USAR/USDT | Trading | $14.44 | +21.8% APR +0.020% every 8h | +27.7 bps | $403.4K | $142.6K | $1M | USDT | 20x | |
 XT.com | Trade | USAR/USDT | Trading | $14.43 | +11.0% APR +0.010% every 8h | +6.9 bps | $3K | $8.3K | $1.2M | USDT | 20x | |
 Crypto.com Exchange | Trade | USAR/USD | Trading | $14.41 | +11.4% APR +0.00131% every 1h | +27.7 bps | $14.4K | $7.1K | $8.8K | USD | 50x | |
 HTX | Trade | USAR/USDT | Trading | $14.48 | - | +34.5 bps | $71.2K | $4.6K | - | USDT | - | |
 Aster | Trade | USARUSDT | Trading | $14.42 | 0.0% APR 0.000% every 8h | +90.1 bps | $60.6K | $1.1K | $27.6K | USDT | - | |
 Vest | Trade | USAR/USDC | Trading | $14.42 | +5.0% APR +0.00057% every 1h | +27.8 bps | $240.6K | - | - | USDC | 10x | |
 Bitget | Trade | USAR/USDT | Trading | $14.44 | 0.0% APR 0.000% every 8h | +13.8 bps | - | $2.8M⚠ | $696.7K | USDT | 20x | |
 BingX | Trade | USAR-USDT | Trading | $14.46 | +21.5% APR +0.020% every 8h | +13.8 bps | $309.4K | $1.6M⚠ | $1.3K | USDT | - | |
 Ourbit | Trade | USAR/USDT | Trading | $14.44 | +21.8% APR +0.020% every 8h | +6.9 bps | $879.2K | $961.5K⚠ | $114K | USDT | 20x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| USARBbStocks | $14.42 | -0.12% | $1.6M | $938k | BNB Smart Chain (BEP20) |
| USARRobinhood | $14.39 | -0.35% | $22k | $581k | Robinhood Chain |
| rUSARTokenized | $14.32 | -0.82% | $11k | $36k | Arbitrum |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | USAR/USDG ↗ | $14.39 | $22k | $67k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 14 of 20 venues absorb $10k · Typical cost: +15.3 bps – +29.0 bps
Too thin: Aster, Crypto.com Exchange, KuCoin, XT.com
No fresh book data: Bitget, Gate.io
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
USARTightest spread
USARHighest volume
USARFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 6h ago
Company data
Company fundamentals
Market cap
$1.9B
Updated 6h ago
Revenue
$13.2M
Trailing 12 months
Revenue growth
+4,047%
Next fiscal year
Profit margin
-2,159.3%
P/E
-6.0
Peer P/E -2.6
Free cash flow
-$245.5M
Trailing 12 months
More metrics
Net income
-$284.2M
Trailing 12 months
P/S
145.3
Peer P/E
-2.6
Similar listed perps
Revenue estimate
$68.1M
Next fiscal year
Earnings
2026-11-05
Revenue est. $13.1M · Updated 6h ago
Dividend
-
Fundamental detail
Annual + quarterlyLatest revenue$1.6M
Net margin-18,110.7%
Free cash flow-$86.3M
Net debt-$356.9M
PeriodRevenueGrowthNet incomeFCF
2020$971.4M+14%-$122.5M$556.7M
2021$968.9M0%$331.6M$476.9M
2022$0-100%-$23.8M-$19.9M
2023$0-$6.7M-$27.9M
2024$0--$15.7M-$16.1M
2025$1.6M--$297.6M-$86.3M
PeriodGross marginOperating marginNet marginROEROA
2020+83.0%-12.1%-12.6%-5.1%-2.2%
2021+83.8%+57.3%+34.2%+14.5%+6.0%
20220.0%0.0%0.0%-86.8%-35.7%
20230.0%0.0%0.0%+2.7%+2.6%
20240.0%0.0%0.0%-52.2%-22.8%
2025-84.7%-3,621.6%-18,110.7%-60.4%-42.8%
PeriodCashDebtNet debtCurrent ratio
2020$640K$3.1B$3.1B1.00
2021$0$3.1B$3.1B0.74
2022$27M$902K-$26.1M2.54
2023$275.7K$1.1M$817.3K1.61
2024$16.8M$854K-$15.9M3.22
2025$359.9M$3M-$356.9M10.17
PeriodMarket capEnterprise valueP/SP/E
2020$4.7B$7.8B4.9-38.7
2021$4.8B$8B5.014.6
2022$276.9M$250.9M0.0-11.6
2023$249.9M$250.7M0.036.9
2024$256.3M$240.3M0.0-28.7
2025$1.2B$809.6M710.0-3.6
PeriodRevenueGrowthNet incomeFCF
Q3 2024$0--$1.9M-$2.4M
Q4 2024$0--$6.8M$10.6M
Q1 2025$0-$51.8M-$13.4M
Q2 2025$0--$142.5M-$11.2M
Q3 2025$0--$156.7M-$10M
Q4 2025$1.6M--$50.2M-$51.9M
Q1 2026$5.7M--$67M-$57.1M
Q2 2026$5.8M--$10.3M-$126.6M
PeriodGross marginOperating marginNet marginROEROA
Q3 20240.0%0.0%0.0%-3.3%-2.6%
Q4 20240.0%0.0%0.0%-22.6%-9.8%
Q1 20250.0%0.0%0.0%-94.0%+67.2%
Q2 20250.0%0.0%0.0%+106.2%-79.3%
Q3 20250.0%0.0%0.0%+258.7%-48.5%
Q4 2025-47.4%-1,589.8%-3,055.7%-10.2%-7.2%
Q1 2026-35.1%-643.6%-1,175.7%-3.6%-3.1%
Q2 2026-69.8%-795.6%-177.5%-0.4%-0.3%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$23M$821K-$22.2M4.60
Q4 2024$16.8M$854K-$15.9M3.22
Q1 2025$23.4M$1.5M-$21.9M3.52
Q2 2025$121.8M$1.4M-$120.4M15.11
Q3 2025$257.6M$1.3M-$256.3M16.51
Q4 2025$359.9M$3M-$356.9M10.17
Q1 2026$1.7B$1.3M-$1.7B36.29
Q2 2026$1.6B$13.5M-$1.6B32.79
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$268.8M$246.6M0.044.5
Q4 2024$256.3M$240.3M0.0-4.3
Q1 2025$382.9M$361M0.01.9
Q2 2025$1B$895.4M0.0-1.8
Q3 2025$1.8B$1.5B0.0-2.6
Q4 2025$1.8B$1.4B1,072.3-8.0
Q1 2026$3B$1.2B522.1-11.1
Q2 2026$4.2B$2.7B728.4-102.6
Refreshed 6h ago
Charts: revenue, profit, cash flow & valuation
CashDebt
Gross marginOperating marginNet margin
P/EP/S
CashDebt
Gross marginOperating marginNet margin
P/EP/S
Next catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-11-05
Revenue est. $13.1M · Updated 6h ago
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
NASDAQ
After-hours reference
Bid14.42
Ask14.82
Volume13,697,457
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.54$68.1M+4,047%3
FY 2027-0.07$635.8M+38,595%3
FY 20280.48$1.7B+103,821%4
FY 20290.78$2.4B+143,941%1
FY 20302.15$3B+182,919%1
Q1 20290.41$407.7M+7,055%1
Company events
62026-11-05EarningsActual - / Estimate -0.19-
2026-08-10Earnings · After market closeActual -0.15 / Estimate -0.11Miss
2026-05-13EarningsActual -0.12 / Estimate -0.13Beat
2026-03-30EarningsActual -0.19 / Estimate -0.12Miss
2025-11-06EarningsActual -1.64 / Estimate -0.1Miss
2025-08-11EarningsActual -0.08 / Estimate -0.13Beat
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
USAR-PERPOwnership data is being populated.
Filings
PendingNo filings available yet.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
FMP company data
Company intelligence
Updated: Sep 18, 2026, 12:05 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Chief executive
- Barbara W. Humpton
- Employees
- 132
- IPO date
- Mar 14, 2025
- Country
- US
- Exchange
- NASDAQ Global Market
Altman Z-scorei3.07
Piotroski scorei3/9
FMP ratingiB-
Owner earningsi-$111.41M-$0.57 per share
ESG risk ratingiBIndustry rank: 26 out of 47
Rating factors
- Return on equityi
- 1
- Return on assetsi
- 1
- Debt to equityi
- 4
- Price to earningsi
- 1
- Price to booki
- 3
Company press releases
USA Rare Earth, Pasqal and Riven Systems Partner to Advance Next-Generation Technologies for Critical Mineral ProductionGlobeNewsWireUSA Rare Earth Breaks Ground on Advanced Rare Earth Metal and Magnet Manufacturing Facility in Blacksburg, South CarolinaGlobeNewsWireUSA Rare Earth Completes Combination with Serra Verde GroupGlobeNewsWireUSA Rare Earth (Nasdaq: USAR) Announces Completion of Upsized $1.55 Billion Capitalization of the U.S. Government-Backed Special Purpose Vehicle (SPV) for Serra Verde OfftakeGlobeNewsWireUSA Rare Earth Enters Definitive Agreements for Strategic Investment in Carester, Strengthening its European Rare Earth PartnershipGlobeNewsWireUSA Rare Earth Announces Leadership TransitionGlobeNewsWire
Market cap history
$3.09B-33.3%Jun 26 – Sep 26
Latest: $3.09B · 2026-09-17High: $4.74B · 2026-06-22Low: $2.93B · 2026-07-27
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| XME | 3.07% | 9M |
| VTI | 0% | 6M |
| IWM | 0.1% | 5.1M |
| NJM | 0.15% | 4.3M |
| FSSNX | 0.13% | 3M |
| VB | 0.02% | 2.2M |
| VXF | 0.04% | 2M |
| IWO | 0.2% | 1.8M |
| CGOAX | 0.73% | 1.4M |
| VBK | 0.05% | 1.2M |
| VTWO | 0.11% | 1.1M |
| FSMAX | 0.03% | 865.2K |
Analyst track record
How the analysts covering USAR have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 51 | 65 |
| Analysts | 11 | 11 |
| Buy / hold / sell | 51 / 0 / 0 | 65 / 0 / 0 |
| Upgrades / downgrades / initiations | 0 / 0 / 4 | 0 / 0 / 8 |
| Price targets hit / missed | 2 / 37 (5%) | 9 / 44 (17%) |
| Avg. return after a rating (TipRanks) | -48.3% | -37.7% |
| Best / worst call | +2.5% / -81.0% | +2.5% / -81.0% |
After buy calls on this stock: median 21-day move -7.3% vs S&P 500 -8.2% (n = 64)
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Sep 2, 2026 | Laurence AlexanderJefferies | BuyInitiated | $21.00 | article ↗ |
| Aug 25, 2026 | Jeff GramppNorthland Securities | BuyMaintained | $45.00 | article ↗ |
| Aug 21, 2026 | Suji DesilvaRoth MKM | BuyMaintained | $30.00 | article ↗ |
| Aug 11, 2026 | Subash ChandraBenchmark Co. | BuyReiterated | $45.00 | article ↗ |
| Aug 11, 2026 | Jeff GramppNorthland Securities | BuyReiterated | $45.00 | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data via FMP · computed Sep 25, 2026 · 51 ratings
Frequently asked questions
Where can I trade USAR perpetual futures?
USA Rare Earth, Inc. (USAR) perpetual futures trade on 20 crypto venues, including LBank, Binance, Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade USAR around the clock?
Yes. Unlike the underlying stock, USAR perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on USAR perpetuals?
Right now the USAR perp funding rate is +51.1% annualized (venue median), ranging from +22.0% to +80.2% across 20 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the USAR perp price compare to the USA Rare Earth, Inc. stock?
The venue-median USAR perp mark is $14.4 versus a reference stock price of $14.4, a basis of +0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a USAR perpetual future?
A USAR perpetual is a derivative that tracks the price of USA Rare Earth, Inc. with no expiry date. It lets you take long or short exposure to USA Rare Earth, Inc. on crypto venues, around the clock.
What is USARUSDT perpetual?
USARUSDT is the symbol most crypto exchanges use for the USA Rare Earth, Inc. perpetual settled in USDT (Tether). It tracks the USAR share price through an index, trades 24/7 with leverage and never expires.
Embed this asset
<a href="https://perpequities.com/stocks/usar-perp"><img src="https://perpequities.com/badge/usar-perp.svg" width="240" height="64" alt="USAR perpetuals · perpequities.com" loading="lazy"></a>