USA Rare Earth, Inc. (USAR)财务
NASDAQ · Basic Materials · Industrial Materials · 员工132人 · CEO Thrasyvoulos Moraitis
- 股价
- $9.62 -8.56%
- 市值
- $12.8亿
- 企业价值
- -$3.05亿
- 最近财报
- Q2 '26 2026-08-10提交
- 下次财报
- 2026-11-05
营收(TTM)$1320万– 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-949.5%– 对比去年同期营业利润 -$1.25亿
净利润(TTM)-$2.84亿-186.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$2.46亿-1,398.1% 对比去年同期资本支出 $1.39亿
稀释EPS(TTM)-$2.40-58.9% 对比去年同期最近4个季度之和
净现金$15.8亿+1,213.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $12.8亿 EV -$3.05亿
- 营收
- $1320万 过去12个月
- 营收增速
- – 下一财年
- 净利润率
- -2,159.3% 净利润 / 营收,TTM
- P/E
- -4.0×
- P/S
- 96.9× 股价 / 营收,TTM
- EV / EBITDA
- 2.6× TTM
- 自由现金流
- -$2.46亿 过去12个月
- 净利润
- -$2.84亿 过去12个月
- 营收预期
- – 下一财年
- 盈利
- 2026-11-05
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-10):营收低于预期27.6%,EPS 低于预期33.9%营收$582万,预期$804万(-27.6%);EPS -$0.15,预期-$0.11(-33.9%)。
- 资本支出占营收的1,059.5%最近4个季度投入$1.39亿(同比+1,759.8%)。自由现金流-$2.46亿。
- 稀释股数一年内增加111.8%Q2 '26稀释股数1.96亿,一年前为9280万。
- 净现金 $15.8亿现金 + 短期投资 $15.9亿,含租赁债务 $1350万;一年前净现金 $1.2亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $582万 | $0 | – |
| 毛利率 | -69.8% | – | – |
| 营业利润 | -$4630万 | -$880万 | -426.1% |
| 营业利润率 | -795.6% | – | – |
| 净利润 | -$1030万 | -$1.43亿 | +92.7% |
| 稀释EPS | -$0.05 | -$1.54 | +96.6% |
| 经营现金流 | -$5690万 | -$791万 | -619.0% |
| 资本支出 | $6970万 | $325万 | +2,048.0% |
| 自由现金流 | -$1.27亿 | -$1120万 | -1,034.9% |
| R&D | $1080万 | $258万 | +317.9% |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-08-10| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $582万 | $804万 | -27.6% |
| EPS(一致预期口径) | -$0.15 | -$0.11 | -33.9% |
来自2026-08-10发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Non-US | $474万 | – | 83.2% | – | – | |
| United States | $96万 | – | 16.8% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$1.06亿
- 资本支出
- -$1.39亿
- 股票回购
- $0
- 股息
- $0
- 收购
- $0
- 债务净发行
- -$192万
- 股权激励费用
- $1240万
- 自由现金流
- -$2.46亿
- 股东回报 / FCF
- 0.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -4.0× | 25.7× 5年中的2年 | 14.6× – 36.9× |
| EV / EBITDA | 2.6× | 10.6× 5年中的1年 | 10.6× – 10.6× |
| EV / 营收 | -23.2× | 250.5× 5年中的2年 | 8.2× – 492.7× |
| 股价 / FCF | -5.2× | 10.1× 5年中的1年 | 10.1× – 10.1× |
| 股价 / 净资产 | 0.7× | 4.8× | 1.0× – 10.1× |
| FCF收益率 | -19.2% | -4.4% | -11.2% – 9.9% |
| 投入资本回报率 | -4.2% | -13.9% | -42.9% – 7.6% |
| 净资产收益率 | -23.4% | -36.4% | -86.8% – 14.5% |
分析师
一致目标价 $33.75 (+250.8%)
区间 $21.00 – $40.00 · 评级 Buy
强烈买入0
买入5
持有0
卖出0
强烈卖出0
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
USA Rare Earth Inc在近期10-Q / 10-K文件中标记的全部232项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $1740万 | $224万 | +676.0% | $1110万 | $182万 | +507.2% |
| Accounts Receivable, after Allowance for Credit Loss | $627万 | – | – | $376万 | $0 | – |
| Accrued Liabilities, Current | $3170万 | $513万 | +517.0% | $1410万 | $307万 | +358.3% |
| Accrued Payroll Taxes, Current | $355万 | $135万 | +162.8% | $266万 | $191万 | +39.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $317万 | $141万 | +124.9% | $164万 | $120万 | +36.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$92.7万 | – | – | $13万 | $0 | – |
| Additional Paid in Capital, Common Stock | $30亿 | $4630万 | +6,391.5% | $8.8亿 | $1.04亿 | +744.0% |
| Amortization | $6.2万 | $6.1万 | +1.6% | $19万 | $0 | – |
| Amortization of Debt Discount (Premium) | $02025-12-31 | $6.2万 | -100.0% | $0 | $21.1万 | -100.0% |
| Amortization of Intangible Assets | $136万 | $0 | – | $67.8万 | $0 | – |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2250万 | 5190万 | -56.7% | 1480万 | 1580万 | -6.3% |
| Asset Retirement Obligation | $69万 | – | – | $70万 | $0 | – |
| Asset Retirement Obligation, Accretion Expense | $02026-03-31 | – | – | $8.2万 | $0 | – |
| Asset Retirement Obligation, Current | $69万 | – | – | $70万 | $0 | – |
| Asset Retirement Obligation, Foreign Currency Translation Gain (Loss) | $1000 | – | – | $1.3万 | $0 | – |
| Asset Retirement Obligation, Liabilities Incurred | $02026-03-31 | – | – | $60.5万 | $0 | – |
| Assets | $30亿 | $1.8亿 | +1,568.8% | $6.95亿 | $6910万 | +906.2% |
| Assets, Current | $16.7亿 | $1.24亿 | +1,253.8% | $3.85亿 | $2230万 | +1,630.2% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | – | – | – | $8.9万2024-08-21 | – | – |
| Capital Expenditures Incurred but Not yet Paid | -$480万 | $0 | – | $1030万 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $15.3亿 | $1.22亿 | +1,156.4% | $3.6亿 | $1680万 | +2,047.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $15.9亿 | $1.22亿 | +1,209.1% | $3.6亿 | $1680万 | +2,047.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | $1.02亿2025-12-31 | -$623万 | +1,743.1% | $3.43亿 | $356万 | +9,534.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.55亿 | $9840万 | -257.7% | – | – | – |
| Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 3160万2025-09-30 | – | – | – | – | – |
| Common Stock, Capital Shares Reserved for Future Issuance | 1300万2025-12-31 | – | – | 1300万 | – | – |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 7.5亿 | 7.5亿 | 0.0% | 7.5亿 | 7.5亿 | 0.0% |
| Common Stock, Shares, Issued | 1.48亿2025-12-31 | 6010万 | +146.4% | 1.48亿 | 6010万 | +146.4% |
| Common Stock, Shares, Outstanding | 2.45亿 | 9620万 | +154.4% | 1.48亿 | 6010万 | +146.4% |
| Common Stock, Value, Issued | $2.4万 | $1万 | +140.0% | $1.5万 | $6000 | +150.0% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$1110万 | -$1.43亿 | +92.2% | -$2.97亿 | -$1570万 | -1,790.2% |
| Contract with Customer, Liability | $1090万 | – | – | $1050万 | $0 | – |
| Contract with Customer, Liability, Current | $133万 | – | – | $1050万 | $0 | – |
| Contract with Customer, Liability, Noncurrent | $960万 | – | – | – | – | – |
| Contract with Customer, Liability, Revenue Recognized | $79.8万 | – | – | – | – | – |
| Cost of Revenue | $740万 | $0 | – | $145万 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $2000 | $0 | – |
| Debt Instrument, Interest Rate, Increase (Decrease) | – | – | – | 19.4%2024-12-31 | – | – |
| Deferred Costs, Current | $02025-12-31 | $513万 | -100.0% | $0 | $513万 | -100.0% |
| Deferred Costs, Noncurrent | $9.12亿 | – | – | – | – | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$16.2万 | $0 | – |
| Deferred Income Tax Liabilities, Net | $1570万 | – | – | $1670万 | $0 | – |
| Deferred Tax Assets, Deferred Income | $184万2025-12-31 | $172万 | +6.8% | $184万 | $172万 | +6.8% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $02025-12-31 | $13.9万 | -100.0% | $0 | $13.9万 | -100.0% |
| Deferred Tax Assets, Gross | $2040万2025-12-31 | $542万 | +277.0% | $2040万 | $542万 | +277.0% |
| Deferred Tax Assets, Net | $432万2025-12-31 | $93.7万 | +360.7% | $432万 | $93.7万 | +360.7% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation | $132万2025-12-31 | $0 | – | $132万 | $0 | – |
| Deferred Tax Assets, Tax Deferred Expense, Other | $19.7万2025-12-31 | $34万 | -42.1% | $19.7万 | $34万 | -42.1% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $39.8万2025-12-31 | $38.5万 | +3.4% | $39.8万 | $38.5万 | +3.4% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Reserves | $9.6万2025-12-31 | $0 | – | $9.6万 | $0 | – |
| Deferred Tax Assets, Valuation Allowance | $1610万2025-12-31 | $448万 | +259.4% | $1610万 | $448万 | +259.4% |
| Deferred Tax Liabilities, Gross | $2100万2025-12-31 | $93.7万 | +2,144.6% | $2100万 | $93.7万 | +2,144.6% |
| Deferred Tax Liabilities, Intangible Assets | $1700万2025-12-31 | $0 | – | $1700万 | $0 | – |
| Deferred Tax Liabilities, Investments | $98.1万2025-12-31 | $70.3万 | +39.5% | $98.1万 | $70.3万 | +39.5% |
| Deferred Tax Liabilities, Net | $1670万2025-12-31 | $0 | – | $1670万 | $0 | – |
| Deferred Tax Liabilities, Property, Plant and Equipment | $277万2025-12-31 | $23.4万 | +1,083.8% | $277万 | $23.4万 | +1,083.8% |
| Depreciation | $95万 | $10.8万 | +779.6% | $57.3万 | $23.5万 | +143.8% |
| Depreciation, Depletion and Amortization | $101万 | $16.9万 | +498.8% | $76.3万 | $23.5万 | +224.7% |
| Depreciation, Nonproduction | $95万 | $10.8万 | +779.6% | $57.3万 | $23.5万 | +143.8% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 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
数据截至 2026-11-02