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MP Materials Corp. / DE

EDGAR

MP Quarterly report (10-Q) · filed 2026-08-07

Annual consolidated revenue for 2025: about USD 224.4M, using the latest reported figures. The previous period, 2024, was about USD 203.9M.

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Watchlist

Latest quarter

Revenue

108 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 108490000 USD Source

Operating margin

-29.52%

2026 Q2 · %

Exact inputs and evidence

Operating Income: -32029000 USD Source
Revenue: 108490000 USD Source

Operating cash flow

6.85 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 4939000 USD Source
Operating Cash Flow: -1909000 USD Source

Free cash flow

-223 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: 4939000 USD Source
Operating Cash Flow: -1909000 USD Source
Capital Expenditure: 230335000 USD Source

Cash and cash equivalents: 429 million USD 2026-06-30 Source
Exact value

429075000 USD
Long-term debt including current maturities: 935 million USD 2026-06-30 Source
Exact value

934583000 USD
Shares outstanding: 178 million shares 2026-06-30 Source
Exact value

178051276 shares

Reported share-count change

8.92% · 14.6 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

163465706 shares · 2025-06-30· Source
178051276 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

305 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 53553000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 224441000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 171756000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 90649000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 108490000 USD · 2026-04-01 – 2026-06-30 Source

Net income

-60.6 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: -41780000 USD · 2025-07-01 – 2025-09-30 Source
Net income: -85874000 USD · 2025-01-01 – 2025-12-31 Source
Net income: -95300000 USD · 2025-01-01 – 2025-09-30 Source
Net income: -7968000 USD · 2026-01-01 – 2026-03-31 Source
Net income: -20296000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-84 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: -108901000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -66853000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: -155755000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: -108901000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -1909000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 4939000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: -1909000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

421 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Capital expenditure: 50496000 USD · 2025-07-01 – 2025-09-30 Source
Capital expenditure: 172375000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 109969000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 77376000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 230335000 USD · 2026-04-01 – 2026-06-30 Source

Free cash flow

-505 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: -108901000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -66853000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: -155755000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: -108901000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -1909000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 4939000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: -1909000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 50496000 USD · 2025-07-01 – 2025-09-30 Source
Capital expenditure: 172375000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 109969000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 77376000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 230335000 USD · 2026-04-01 – 2026-06-30 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-07.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 7 of 11 periods available· newest 2025-12-31
Operating income: 7 of 11 periods available· newest 2025-12-31
Net income: 7 of 11 periods available· newest 2025-12-31
Operating cash flow: 7 of 11 periods available· newest 2025-12-31
Capital expenditure: 7 of 11 periods available· newest 2025-12-31
Total assets: 7 of 11 periods available· newest 2025-12-31
Total liabilities: 7 of 11 periods available· newest 2025-12-31
Current assets: 7 of 11 periods available· newest 2025-12-31
Current liabilities: 7 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 5 of 11 periods available· newest 2025-12-31
Shares outstanding: 7 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+10.1%

Prior period

USD 203.86 million

2024-01-01 – 2024-12-31
Current period

USD 224.44 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

224441000 − 203855000 = 20586000 USD

203855000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
224441000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · MP Materials Corp. / DE · 2025-12-31 MP Materials Corp. / DE (edgar:1801368) Year-over-year change in Revenue: 20586000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 224441000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2839292 Filing: 000180136826000008 Input fundies:Revenue: 203855000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2888028 Filing: 000180136826000008
The citation records this snapshot. The page link may show a newer release later.
Net income
−USD 20.45 million

Prior period

−USD 65.42 million

2024-01-01 – 2024-12-31
Current period

−USD 85.87 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-85874000 − -65424000 = -20450000 USD

-65424000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-85874000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · MP Materials Corp. / DE · 2025-12-31 MP Materials Corp. / DE (edgar:1801368) Year-over-year change in Net income: -20450000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -85874000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1621980 Filing: 000180136826000008 Input fundies:NetIncome: -65424000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1622755 Filing: 000180136826000008
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-1,266.8%

Prior period

USD 13.35 million

2024-01-01 – 2024-12-31
Current period

−USD 155.76 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-155755000 − 13349000 = -169104000 USD

13349000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-155755000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · MP Materials Corp. / DE · 2025-12-31 MP Materials Corp. / DE (edgar:1801368) Year-over-year change in Operating cash flow: -169104000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -155755000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1662932 Filing: 000180136826000008 Input fundies:OperatingCashFlow: 13349000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1663585 Filing: 000180136826000008
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-7.5%

Prior period

USD 186.42 million

2024-01-01 – 2024-12-31
Current period

USD 172.38 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

172375000 − 186418000 = -14043000 USD

186418000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
172375000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · MP Materials Corp. / DE · 2025-12-31 MP Materials Corp. / DE (edgar:1801368) Year-over-year change in Capital expenditure: -14043000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 172375000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2871675 Filing: 000180136826000008 Input fundies:CapitalExpenditure: 186418000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2917019 Filing: 000180136826000008
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 224.44 million 100% of revenue
Operating costs Derived USD 373.82 million 167% of revenue
Operating income −USD 149.37 million −67% of revenue
Tax, interest and other Derived −USD 63.5 million −28% of revenue
Net income −USD 85.87 million −38% of revenue

Cash

Operating cash flow −USD 155.76 million −69% of revenue
Capital expenditure USD 172.38 million 77% of revenue
Free cash flow Derived −USD 328.13 million −146% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2019 Operating loss: operating costs were 110% of revenue.
2020 Operating loss: operating costs were 126% of revenue.
2021 41%9.1%50%
2022 55%38%
2023 Operating loss: operating costs were 107% of revenue.
2024 Operating loss: operating costs were 183% of revenue.
2025 Operating loss: operating costs were 167% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2019 2019-01-01 – 2019-12-31	73411000	81031000 Derived	-7620000	-865000 Derived	-6755000	-2711000 Derived	Source 2019-01-01 – 2019-12-31: 73411000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: -7620000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: -6755000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: -437000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 2274000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	134310000	169013000 Derived	-34703000	-12878000 Derived	-21825000	-19093000 Derived	Source 2020-01-01 – 2020-12-31: 134310000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: -34703000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: -21825000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 3277000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 22370000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	331952000	166607000 Derived	165345000	30308000 Derived	135037000	-21899000 Derived	Source 2021-01-01 – 2021-12-31: 331952000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 165345000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 135037000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 101971000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 123870000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	527510000	200099000 Derived	327411000	38407000 Derived	289004000	16919000 Derived	Source 2022-01-01 – 2022-12-31: 527510000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 327411000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 289004000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 343514000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 326595000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	253445000	271164000 Derived	-17719000	-42026000 Derived	24307000	-199198000 Derived	Source 2023-01-01 – 2023-12-31: 253445000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -17719000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 24307000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 62699000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 261897000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	203855000	373281000 Derived	-169426000	-104002000 Derived	-65424000	-173069000 Derived	Source 2024-01-01 – 2024-12-31: 203855000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: -169426000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: -65424000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 13349000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 186418000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	224441000	373815000 Derived	-149374000	-63500000 Derived	-85874000	-328130000 Derived	Source 2025-01-01 – 2025-12-31: 224441000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: -149374000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: -85874000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: -155755000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 172375000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 224.4M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20192019-12-31	Revenue	73411000	Revenue: 73411000 Open source
20202020-12-31	Revenue	134310000	Revenue: 134310000 Open source
20212021-12-31	Revenue	331952000	Revenue: 331952000 Open source
20222022-12-31	Revenue	527510000	Revenue: 527510000 Open source
20232023-12-31	Revenue	253445000	Revenue: 253445000 Open source
20242024-12-31	Revenue	203855000	Revenue: 203855000 Open source
20252025-12-31	Revenue	224441000	Revenue: 224441000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

10.1% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20192019-12-31	Year over year	No prior comparable period	Revenue: 73411000 Open source
20202020-12-31	Year over year	83%	Revenue: 134310000 Open source Revenue: 73411000 Open source
20212021-12-31	Year over year	147.2%	Revenue: 331952000 Open source Revenue: 134310000 Open source
20222022-12-31	Year over year	58.9%	Revenue: 527510000 Open source Revenue: 331952000 Open source
20232023-12-31	Year over year	-52%	Revenue: 253445000 Open source Revenue: 527510000 Open source
20242024-12-31	Year over year	-19.6%	Revenue: 203855000 Open source Revenue: 253445000 Open source
20252025-12-31	Year over year	10.1%	Revenue: 224441000 Open source Revenue: 203855000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -66.6% 2025

Net margin -38.3% 2025

Free cash flow margin -146.2% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20192019-12-31	Operating margin	-10.4%	Operating Income: -7620000 Open source Revenue: 73411000 Open source
20202020-12-31	Operating margin	-25.8%	Operating Income: -34703000 Open source Revenue: 134310000 Open source
20212021-12-31	Operating margin	49.8%	Operating Income: 165345000 Open source Revenue: 331952000 Open source
20222022-12-31	Operating margin	62.1%	Operating Income: 327411000 Open source Revenue: 527510000 Open source
20232023-12-31	Operating margin	-7%	Operating Income: -17719000 Open source Revenue: 253445000 Open source
20242024-12-31	Operating margin	-83.1%	Operating Income: -169426000 Open source Revenue: 203855000 Open source
20252025-12-31	Operating margin	-66.6%	Operating Income: -149374000 Open source Revenue: 224441000 Open source
20192019-12-31	Net margin	-9.2%	Net Income: -6755000 Open source Revenue: 73411000 Open source
20202020-12-31	Net margin	-16.2%	Net Income: -21825000 Open source Revenue: 134310000 Open source
20212021-12-31	Net margin	40.7%	Net Income: 135037000 Open source Revenue: 331952000 Open source
20222022-12-31	Net margin	54.8%	Net Income: 289004000 Open source Revenue: 527510000 Open source
20232023-12-31	Net margin	9.6%	Net Income: 24307000 Open source Revenue: 253445000 Open source
20242024-12-31	Net margin	-32.1%	Net Income: -65424000 Open source Revenue: 203855000 Open source
20252025-12-31	Net margin	-38.3%	Net Income: -85874000 Open source Revenue: 224441000 Open source
20192019-12-31	Free cash flow margin	-3.7%	Revenue: 73411000 Open source Operating Cash Flow: -437000 Open source Capital Expenditure: 2274000 Open source
20202020-12-31	Free cash flow margin	-14.2%	Revenue: 134310000 Open source Operating Cash Flow: 3277000 Open source Capital Expenditure: 22370000 Open source
20212021-12-31	Free cash flow margin	-6.6%	Revenue: 331952000 Open source Operating Cash Flow: 101971000 Open source Capital Expenditure: 123870000 Open source
20222022-12-31	Free cash flow margin	3.2%	Revenue: 527510000 Open source Operating Cash Flow: 343514000 Open source Capital Expenditure: 326595000 Open source
20232023-12-31	Free cash flow margin	-78.6%	Revenue: 253445000 Open source Operating Cash Flow: 62699000 Open source Capital Expenditure: 261897000 Open source
20242024-12-31	Free cash flow margin	-84.9%	Revenue: 203855000 Open source Operating Cash Flow: 13349000 Open source Capital Expenditure: 186418000 Open source
20252025-12-31	Free cash flow margin	-146.2%	Revenue: 224441000 Open source Operating Cash Flow: -155755000 Open source Capital Expenditure: 172375000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -155.8M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20192019-12-31	Operating cash flow	-437000	Operating Cash Flow: -437000 Open source
20202020-12-31	Operating cash flow	3277000	Operating Cash Flow: 3277000 Open source
20212021-12-31	Operating cash flow	101971000	Operating Cash Flow: 101971000 Open source
20222022-12-31	Operating cash flow	343514000	Operating Cash Flow: 343514000 Open source
20232023-12-31	Operating cash flow	62699000	Operating Cash Flow: 62699000 Open source
20242024-12-31	Operating cash flow	13349000	Operating Cash Flow: 13349000 Open source
20252025-12-31	Operating cash flow	-155755000	Operating Cash Flow: -155755000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -328.1M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20192019-12-31	Free cash flow	-2711000	Operating Cash Flow: -437000 Open source Capital Expenditure: 2274000 Open source
20202020-12-31	Free cash flow	-19093000	Operating Cash Flow: 3277000 Open source Capital Expenditure: 22370000 Open source
20212021-12-31	Free cash flow	-21899000	Operating Cash Flow: 101971000 Open source Capital Expenditure: 123870000 Open source
20222022-12-31	Free cash flow	16919000	Operating Cash Flow: 343514000 Open source Capital Expenditure: 326595000 Open source
20232023-12-31	Free cash flow	-199198000	Operating Cash Flow: 62699000 Open source Capital Expenditure: 261897000 Open source
20242024-12-31	Free cash flow	-173069000	Operating Cash Flow: 13349000 Open source Capital Expenditure: 186418000 Open source
20252025-12-31	Free cash flow	-328130000	Operating Cash Flow: -155755000 Open source Capital Expenditure: 172375000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

38.1% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20192019-12-31	Liabilities / assets	117.7%	Total Liabilities: 119816000 Open source Total Assets: 101794000 Open source
20202020-12-31	Liabilities / assets	20.5%	Total Liabilities: 220411000 Open source Total Assets: 1074288000 Open source
20212021-12-31	Liabilities / assets	46.6%	Total Liabilities: 880934000 Open source Total Assets: 1889666000 Open source
20222022-12-31	Liabilities / assets	41.3%	Total Liabilities: 925153000 Open source Total Assets: 2237787000 Open source
20232023-12-31	Liabilities / assets	41.5%	Total Liabilities: 970673000 Open source Total Assets: 2336452000 Open source
20242024-12-31	Liabilities / assets	54.8%	Total Liabilities: 1278678000 Open source Total Assets: 2333558000 Open source
20252025-12-31	Liabilities / assets	38.1%	Total Liabilities: 1471792000 Open source Total Assets: 3864160000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

7.24× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20192019-12-31	Current assets / current liabilities	0.88×	Current Assets: 27409000 Open source Current Liabilities: 31315000 Open source
20202020-12-31	Current assets / current liabilities	13.03×	Current Assets: 561047000 Open source Current Liabilities: 43061000 Open source
20212021-12-31	Current assets / current liabilities	21.44×	Current Assets: 1276807000 Open source Current Liabilities: 59543000 Open source
20222022-12-31	Current assets / current liabilities	13.27×	Current Assets: 1293828000 Open source Current Liabilities: 97481000 Open source
20232023-12-31	Current assets / current liabilities	10.42×	Current Assets: 1131177000 Open source Current Liabilities: 108550000 Open source
20242024-12-31	Current assets / current liabilities	6.29×	Current Assets: 1031322000 Open source Current Liabilities: 164019000 Open source
20252025-12-31	Current assets / current liabilities	7.24×	Current Assets: 2165801000 Open source Current Liabilities: 299049000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2019 2019-01-01 – 2019-12-31	−USD 6.76 million Exact value Exact value: -6755000 USD 2019-01-01 – 2019-12-31: -6755000 USD Inspect Net Income Open source Share or cite Citation for Net Income · MP Materials Corp. / DE · 2019-12-31 MP Materials Corp. / DE (edgar:1801368) Net Income: -6755000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: -6755000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136822000010/mp-20211231.htm#2453896 Filing: 000180136822000010 The citation records this snapshot. The page link may show a newer release later.	−USD 437,000 Exact value Exact value: -437000 USD 2019-01-01 – 2019-12-31: -437000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · MP Materials Corp. / DE · 2019-12-31 MP Materials Corp. / DE (edgar:1801368) Operating Cash Flow: -437000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -437000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136822000010/mp-20211231.htm#1379315 Filing: 000180136822000010 The citation records this snapshot. The page link may show a newer release later.	USD 2.27 million Exact value Exact value: 2274000 USD 2019-01-01 – 2019-12-31: 2274000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · MP Materials Corp. / DE · 2019-12-31 MP Materials Corp. / DE (edgar:1801368) Capital Expenditure: 2274000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2274000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136822000010/mp-20211231.htm#1383185 Filing: 000180136822000010 The citation records this snapshot. The page link may show a newer release later.	−USD 2.71 million Calculation and evidence -437000 − 2274000 USD Exact free cash flow: -2711000 USD 2019-01-01 – 2019-12-31: -437000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 2274000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · MP Materials Corp. / DE · 2019-12-31 MP Materials Corp. / DE (edgar:1801368) Free cash flow: -2711000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -437000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136822000010/mp-20211231.htm#1379315 Filing: 000180136822000010 Input fundies:CapitalExpenditure: 2274000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136822000010/mp-20211231.htm#1383185 Filing: 000180136822000010 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	−USD 21.83 million Exact value Exact value: -21825000 USD 2020-01-01 – 2020-12-31: -21825000 USD Inspect Net Income Open source Share or cite Citation for Net Income · MP Materials Corp. / DE · 2020-12-31 MP Materials Corp. / DE (edgar:1801368) Net Income: -21825000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: -21825000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000009/mp-20221231.htm#2498735 Filing: 000180136823000009 The citation records this snapshot. The page link may show a newer release later.	USD 3.28 million Exact value Exact value: 3277000 USD 2020-01-01 – 2020-12-31: 3277000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · MP Materials Corp. / DE · 2020-12-31 MP Materials Corp. / DE (edgar:1801368) Operating Cash Flow: 3277000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 3277000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000009/mp-20221231.htm#1456807 Filing: 000180136823000009 The citation records this snapshot. The page link may show a newer release later.	USD 22.37 million Exact value Exact value: 22370000 USD 2020-01-01 – 2020-12-31: 22370000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · MP Materials Corp. / DE · 2020-12-31 MP Materials Corp. / DE (edgar:1801368) Capital Expenditure: 22370000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 22370000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000009/mp-20221231.htm#1460717 Filing: 000180136823000009 The citation records this snapshot. The page link may show a newer release later.	−USD 19.09 million Calculation and evidence 3277000 − 22370000 USD Exact free cash flow: -19093000 USD 2020-01-01 – 2020-12-31: 3277000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 22370000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · MP Materials Corp. / DE · 2020-12-31 MP Materials Corp. / DE (edgar:1801368) Free cash flow: -19093000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 3277000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000009/mp-20221231.htm#1456807 Filing: 000180136823000009 Input fundies:CapitalExpenditure: 22370000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136823000009/mp-20221231.htm#1460717 Filing: 000180136823000009 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	USD 135.04 million Exact value Exact value: 135037000 USD 2021-01-01 – 2021-12-31: 135037000 USD Inspect Net Income Open source Share or cite Citation for Net Income · MP Materials Corp. / DE · 2021-12-31 MP Materials Corp. / DE (edgar:1801368) Net Income: 135037000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 135037000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000014/mp-20231231.htm#2143682 Filing: 000180136824000014 The citation records this snapshot. The page link may show a newer release later.	USD 101.97 million Exact value Exact value: 101971000 USD 2021-01-01 – 2021-12-31: 101971000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · MP Materials Corp. / DE · 2021-12-31 MP Materials Corp. / DE (edgar:1801368) Operating Cash Flow: 101971000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 101971000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000014/mp-20231231.htm#1317253 Filing: 000180136824000014 The citation records this snapshot. The page link may show a newer release later.	USD 123.87 million Exact value Exact value: 123870000 USD 2021-01-01 – 2021-12-31: 123870000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · MP Materials Corp. / DE · 2021-12-31 MP Materials Corp. / DE (edgar:1801368) Capital Expenditure: 123870000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 123870000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000014/mp-20231231.htm#1319969 Filing: 000180136824000014 The citation records this snapshot. The page link may show a newer release later.	−USD 21.9 million Calculation and evidence 101971000 − 123870000 USD Exact free cash flow: -21899000 USD 2021-01-01 – 2021-12-31: 101971000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 123870000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · MP Materials Corp. / DE · 2021-12-31 MP Materials Corp. / DE (edgar:1801368) Free cash flow: -21899000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 101971000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000014/mp-20231231.htm#1317253 Filing: 000180136824000014 Input fundies:CapitalExpenditure: 123870000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136824000014/mp-20231231.htm#1319969 Filing: 000180136824000014 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	USD 289 million Exact value Exact value: 289004000 USD 2022-01-01 – 2022-12-31: 289004000 USD Inspect Net Income Open source Share or cite Citation for Net Income · MP Materials Corp. / DE · 2022-12-31 MP Materials Corp. / DE (edgar:1801368) Net Income: 289004000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: 289004000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136825000009/mp-20241231.htm#2486133 Filing: 000180136825000009 The citation records this snapshot. The page link may show a newer release later.	USD 343.51 million Exact value Exact value: 343514000 USD 2022-01-01 – 2022-12-31: 343514000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · MP Materials Corp. / DE · 2022-12-31 MP Materials Corp. / DE (edgar:1801368) Operating Cash Flow: 343514000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 343514000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136825000009/mp-20241231.htm#1558435 Filing: 000180136825000009 The citation records this snapshot. The page link may show a newer release later.	USD 326.6 million Exact value Exact value: 326595000 USD 2022-01-01 – 2022-12-31: 326595000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · MP Materials Corp. / DE · 2022-12-31 MP Materials Corp. / DE (edgar:1801368) Capital Expenditure: 326595000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 326595000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136825000009/mp-20241231.htm#2667040 Filing: 000180136825000009 The citation records this snapshot. The page link may show a newer release later.	USD 16.92 million Calculation and evidence 343514000 − 326595000 USD Exact free cash flow: 16919000 USD 2022-01-01 – 2022-12-31: 343514000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 326595000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · MP Materials Corp. / DE · 2022-12-31 MP Materials Corp. / DE (edgar:1801368) Free cash flow: 16919000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 343514000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136825000009/mp-20241231.htm#1558435 Filing: 000180136825000009 Input fundies:CapitalExpenditure: 326595000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136825000009/mp-20241231.htm#2667040 Filing: 000180136825000009 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	USD 24.31 million Exact value Exact value: 24307000 USD 2023-01-01 – 2023-12-31: 24307000 USD Inspect Net Income Open source Share or cite Citation for Net Income · MP Materials Corp. / DE · 2023-12-31 MP Materials Corp. / DE (edgar:1801368) Net Income: 24307000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 24307000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1623529 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.	USD 62.7 million Exact value Exact value: 62699000 USD 2023-01-01 – 2023-12-31: 62699000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · MP Materials Corp. / DE · 2023-12-31 MP Materials Corp. / DE (edgar:1801368) Operating Cash Flow: 62699000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 62699000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1664233 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.	USD 261.9 million Exact value Exact value: 261897000 USD 2023-01-01 – 2023-12-31: 261897000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · MP Materials Corp. / DE · 2023-12-31 MP Materials Corp. / DE (edgar:1801368) Capital Expenditure: 261897000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 261897000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2959978 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.	−USD 199.2 million Calculation and evidence 62699000 − 261897000 USD Exact free cash flow: -199198000 USD 2023-01-01 – 2023-12-31: 62699000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 261897000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · MP Materials Corp. / DE · 2023-12-31 MP Materials Corp. / DE (edgar:1801368) Free cash flow: -199198000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 62699000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1664233 Filing: 000180136826000008 Input fundies:CapitalExpenditure: 261897000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2959978 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	−USD 65.42 million Exact value Exact value: -65424000 USD 2024-01-01 – 2024-12-31: -65424000 USD Inspect Net Income Open source Share or cite Citation for Net Income · MP Materials Corp. / DE · 2024-12-31 MP Materials Corp. / DE (edgar:1801368) Net Income: -65424000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: -65424000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1622755 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.	USD 13.35 million Exact value Exact value: 13349000 USD 2024-01-01 – 2024-12-31: 13349000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · MP Materials Corp. / DE · 2024-12-31 MP Materials Corp. / DE (edgar:1801368) Operating Cash Flow: 13349000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 13349000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1663585 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.	USD 186.42 million Exact value Exact value: 186418000 USD 2024-01-01 – 2024-12-31: 186418000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · MP Materials Corp. / DE · 2024-12-31 MP Materials Corp. / DE (edgar:1801368) Capital Expenditure: 186418000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 186418000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2917019 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.	−USD 173.07 million Calculation and evidence 13349000 − 186418000 USD Exact free cash flow: -173069000 USD 2024-01-01 – 2024-12-31: 13349000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 186418000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · MP Materials Corp. / DE · 2024-12-31 MP Materials Corp. / DE (edgar:1801368) Free cash flow: -173069000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 13349000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1663585 Filing: 000180136826000008 Input fundies:CapitalExpenditure: 186418000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2917019 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	−USD 85.87 million Exact value Exact value: -85874000 USD 2025-01-01 – 2025-12-31: -85874000 USD Inspect Net Income Open source Share or cite Citation for Net Income · MP Materials Corp. / DE · 2025-12-31 MP Materials Corp. / DE (edgar:1801368) Net Income: -85874000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: -85874000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1621980 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.	−USD 155.76 million Exact value Exact value: -155755000 USD 2025-01-01 – 2025-12-31: -155755000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · MP Materials Corp. / DE · 2025-12-31 MP Materials Corp. / DE (edgar:1801368) Operating Cash Flow: -155755000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -155755000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1662932 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.	USD 172.38 million Exact value Exact value: 172375000 USD 2025-01-01 – 2025-12-31: 172375000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · MP Materials Corp. / DE · 2025-12-31 MP Materials Corp. / DE (edgar:1801368) Capital Expenditure: 172375000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 172375000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2871675 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.	−USD 328.13 million Calculation and evidence -155755000 − 172375000 USD Exact free cash flow: -328130000 USD 2025-01-01 – 2025-12-31: -155755000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 172375000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · MP Materials Corp. / DE · 2025-12-31 MP Materials Corp. / DE (edgar:1801368) Free cash flow: -328130000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T15:04:10Z Snapshot: c86f9f2821ef12f908aa19ae7e5a5050d3eb8768d2ca8c4395beb9f42ff1088e Dimensions: Consolidated View: https://fundies.io/companies/edgar/1801368?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -155755000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#1662932 Filing: 000180136826000008 Input fundies:CapitalExpenditure: 172375000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1801368/000180136826000008/mp-20251231.htm#2871675 Filing: 000180136826000008 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

32 filings · 2,617 latest values · 2,617 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001801368, 1801368, MP, edgar:1801368

Also known as FORTRESS VALUE ACQUISITION CORP., Fortress Value Acquisition Corp., MP Materials Corp. / DE

MP Materials Corp. / DE

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation