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USAR

USA Rare Earth, Inc.

Price Chart
Latest Quote

$21.74

-1.28 (-5.56%)
Current Price
Previous Close $23.02
Open $22.75
Day High $23.08
Day Low $21.59
Volume 13,042,049
Fetched: 2026-06-17T05:26:21
Stock Information
Shares Outstanding 244.66M
Total Debt $1.28M
Cash Equivalents $1.75B
Revenue $7.34M
Net Income $-440.48M
Sector Basic Materials
Industry Other Industrial Metals & Mining
Market Cap $5.76B
EPS (TTM) $-4.40
Exchange NGM
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📊 Comprehensive Analysis
Company Data
Enterprise Value$3.11B
Sales$7.34M
Income$-440.48M
Book/sh$3.33
Cash/sh$7.15
Employees132
Financial Ratios
Quick Ratio35.60
Current Ratio36.29
Debt/Eq0.07
Returns & Margins
ROA-4.27%
ROE-44.78%
Gross Margin4.10%
Operating Margin-643.65%
Ownership
Insider Ownership15.65%
Institutional Ownership53.90%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E706.57
P/S784.87
P/B7.08
Analyst Data
Recommendationstrong_buy
Target Price$39.50
Technical Indicators
SMA20$24.84
SMA50$23.52
SMA200$19.81
RSI38.49
ATR2.4950
Shares Float177.28M
Short Float12.57%
Short Ratio1.21
Volatility2.36
Rel Volume1.12
Performance History
Week+15.84%
Month+10.69%
Quarter+27.99%
6 Months+58.37%
YTD+66.43%
Year+68.58%
10 Years+133.86%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-17 $23.55 19,474,815
2026-06-16 $21.74 13,106,100
2026-06-15 $23.02 13,785,400
2026-06-12 $21.99 14,307,300
2026-06-11 $22.56 14,367,500
2026-06-10 $20.33 13,297,700
2026-06-09 $20.90 22,300,100
2026-06-08 $22.21 16,560,700
2026-06-05 $22.47 23,688,700
2026-06-04 $27.10 13,254,600
2026-06-03 $27.98 22,805,500
2026-06-02 $30.70 16,087,900
2026-06-01 $29.43 22,259,000
2026-05-29 $28.01 15,130,600
2026-05-28 $28.19 15,019,400
2026-05-27 $26.70 14,634,600
2026-05-26 $27.73 23,513,200
2026-05-22 $25.30 18,252,700
2026-05-21 $24.29 17,766,900
2026-05-20 $22.57 19,242,000
2026-05-19 $19.97 13,350,200
2026-05-18 $21.27 19,571,500
About USA Rare Earth, Inc.

USA Rare Earth, Inc. engages in mining, processing, and supplying rare earths and other critical minerals in the United States, Europe, and Asia. It primarily explores neodymium, dysprosium, terbium, yttrium, gallium, hafnium, praseodymium, samarium, and other critical minerals. The company holds interests in the Round Top Mountain located near Sierra Blanca, Texas. It products are used in aerospace, defense, semiconductors, data centers, physical AI, energy, mobility, healthcare, and numerous industrial sectors. USA Rare Earth, Inc. was founded in 2019 and is based in Stillwater, Oklahoma.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $540,000 $0 $308,000 $210,000
Cost Of Revenue $1,448,000 $0 $308,000 $210,000
Total Revenue $1,643,000 $0 $0 $0
Operating Revenue $1,643,000 $0 $0 $0
Expenses
Interest Expense $139,000 $315,000 - -
Total Expenses $61,146,000 $15,585,000 $24,793,000 $24,262,000
Other Income Expense $-244,488,000 $-784,000 $16,255,000 $-1,277,000
Net Non Operating Interest Income Expense $5,307,000 $-23,000 - -
Interest Expense Non Operating $139,000 $315,000 - -
Operating Expense $59,698,000 $15,585,000 $24,485,000 $24,052,000
Other Non Operating Income Expenses - $-484,843 $16,771,000 $72,000
Other Operating Expenses - $4,077,377 $1,762,000 $4,005,000
General And Administrative Expense - - $21,085,000 $19,776,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-297,559,000 $-15,735,000 $-7,415,000 $-23,844,000
Net Interest Income $5,307,000 $-23,000 - -
Interest Income $5,446,000 $292,000 - -
Normalized Income $-53,071,000 $-14,951,000 $-7,778,000 $-23,844,000
Net Income From Continuing And Discontinued Operation $-297,559,000 $-15,735,000 $-7,415,000 $-23,844,000
Total Operating Income As Reported $-59,503,000 $-15,585,000 $-24,793,000 $-24,262,000
Net Income Common Stockholders $-324,513,000 $-23,905,000 $-7,415,000 $-23,844,000
Net Income $-297,559,000 $-15,735,000 $-7,415,000 $-23,844,000
Net Income Including Noncontrolling Interests $-298,524,000 $-16,392,000 $-8,538,000 $-25,539,000
Net Income Continuous Operations $-298,524,000 $-16,392,000 $-8,538,000 $-25,539,000
Pretax Income $-298,684,000 $-16,392,000 $-8,538,000 $-25,539,000
Special Income Charges $0 $-405,000 - -
Interest Income Non Operating $5,446,000 $292,000 - -
Operating Income $-59,503,000 $-15,585,000 $-24,793,000 $-24,262,000
Depreciation Amortization Depletion Income Statement $678,000 $0 $308,000 $210,000
Depreciation And Amortization In Income Statement $678,000 $0 $308,000 $210,000
Amortization Of Intangibles Income Statement $678,000 $0 - -
Gross Profit $195,000 $0 $-308,000 $-210,000
Earnings From Equity Interest - - $-879,000 $-1,349,000
Per Share
Diluted EPS $-3.31 $-0.29 $-0.12 $-0.40
Basic EPS $-2.01 $-0.29 $-0.12 $-0.40
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-52,471,000 $-14,904,000 $-24,438,000 $-23,591,000
Total Unusual Items $-244,488,000 $-784,000 $363,000 -
Total Unusual Items Excluding Goodwill $-244,488,000 $-784,000 $363,000 -
Reconciled Depreciation $1,586,000 $389,000 $718,000 $671,000
EBITDA (Bullshit earnings) $-296,959,000 $-15,688,000 $-24,075,000 $-23,591,000
EBIT $-298,545,000 $-16,077,000 $-24,793,000 $-24,262,000
Diluted Average Shares $148,055,000 $81,952,420 $59,425,000 $59,425,000
Basic Average Shares $148,055,000 $81,952,420 $59,425,000 $59,425,000
Diluted NI Availto Com Stockholders $-324,513,000 $-23,905,000 $-7,415,000 $-23,844,000
Otherunder Preferred Stock Dividend $26,954,000 $8,170,000 - -
Minority Interests $965,000 $657,000 $1,123,000 $1,695,000
Tax Provision $-160,000 $0 - -
Write Off $0 $405,000 - -
Gain On Sale Of Security $-244,488,000 $-379,000 $363,000 -
Amortization $678,000 $0 - -
Research And Development $15,885,000 $6,341,000 $1,638,000 $271,000
Selling General And Administration $43,135,000 $9,244,000 $21,085,000 $19,776,000
Other Gand A - - $7,649,000 $7,917,000
Insurance And Claims - - $1,049,000 $829,000
Salaries And Wages - - $12,387,000 $11,030,000
Fetched: 2026-06-15
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $289,173,000 $30,128,000 $258,972,143 $0
Total Assets $694,999,000 $69,069,000 $259,471,177 $66,855,000
Total Non Current Assets $309,624,000 $46,796,000 $258,971,518 $39,535,000
Other Non Current Assets $176,000 $52,000 $258,971,518 $70,000
Goodwill And Other Intangible Assets $203,460,000 $0 - -
Other Intangible Assets $68,612,000 - - -
Current Assets $385,375,000 $22,273,000 $499,659 $27,320,000
Other Current Assets $2,423,000 $378,000 - -
Current Deferred Assets $0 $5,134,000 - -
Prepaid Assets $728,000 $58,395 $223,994 $349,000
Inventory $18,535,000 $0 - -
Receivables $3,764,000 $0 - -
Accounts Receivable $3,764,000 $0 - -
Cash Cash Equivalents And Short Term Investments $359,925,000 $16,761,000 $275,665 $26,971,000
Cash And Cash Equivalents $359,925,000 $16,761,000 $275,665 $26,971,000
Cash Financial - $2,101 $275,665 -
Debt
Total Debt $3,046,000 $854,000 $1,093,000 $902,000
Long Term Debt And Capital Lease Obligation $777,000 - $641,000 $460,000
Current Debt And Capital Lease Obligation $2,269,000 $854,000 $452,000 $442,000
Current Debt $1,849,000 $831,000 - -
Net Debt - $1,197,899 - -
Other Current Borrowings - $1,200,000 - -
Long Term Debt - - $620,000 -
Liabilities
Total Liabilities Net Minority Interest $200,713,000 $36,298,000 $13,409,985 $34,810,000
Total Non Current Liabilities Net Minority Interest $162,802,000 $29,373,000 $13,100,000 $24,074,000
Other Non Current Liabilities $108,671,000 - $44,000 $20,240,000
Derivative Product Liabilities $19,534,000 $49,275 $0 $0
Non Current Deferred Liabilities $24,915,000 $8,200,000 $8,200,000 $3,374,000
Non Current Deferred Taxes Liabilities $16,715,000 - - -
Current Liabilities $37,911,000 $6,925,000 $309,985 $10,736,000
Current Deferred Liabilities $10,500,000 $0 - -
Current Notes Payable $1,849,000 $831,000 - -
Payables And Accrued Expenses $25,142,000 $4,894,000 $309,985 $10,294,000
Payables $11,069,000 $1,823,000 $234,985 $2,381,000
Accounts Payable $11,069,000 $1,823,000 $234,985 $2,381,000
Tradeand Other Payables Non Current - $13,100,000 $13,100,000 -
Other Current Liabilities - $1,177,000 - -
Equity
Common Stock Equity $492,633,000 $30,128,000 $625 $27,476,000
Total Equity Gross Minority Interest $494,286,000 $32,771,000 $246,061,192 $32,045,000
Stockholders Equity $492,633,000 $30,128,000 $258,972,143 $0
Gains Losses Not Affecting Retained Earnings $130,000 $0 - -
Other Equity Adjustments $130,000 - - -
Retained Earnings $-387,360,000 $-72,872,000 $-12,910,951 $-44,635,000
Preferred Securities Outside Stock Equity $8,905,000 $21,173,000 - -
Preferred Stock Equity - $24,075,435 $258,971,518 $68,610,000
Other Equity Interest - $-1,250,000 - -
Long Term Equity Investment - - $40,000 $945,000
Other
Ordinary Shares Number $148,055,000 $81,952,420 $81,952,420 $81,952,420
Share Issued $148,055,000 $81,952,420 $81,952,420 $81,952,420
Tangible Book Value $289,173,000 $30,128,000 $625 $27,476,000
Invested Capital $494,482,000 $30,959,000 $625 $27,476,000
Working Capital $347,464,000 $15,348,000 $189,674 $16,584,000
Capital Lease Obligations $1,197,000 $23,000 $473,000 $902,000
Total Capitalization $492,633,000 $30,128,000 $246,061,192 $27,476,000
Minority Interest $1,653,000 $2,643,000 $3,331,000 $4,569,000
Additional Paid In Capital $879,848,000 $104,244,000 $0 $0
Capital Stock $15,000 $6,000 $258,972,143 $72,111,000
Common Stock $15,000 $6,000 $625 $3,501,000
Non Current Deferred Revenue $8,200,000 $8,200,000 $8,200,000 $3,374,000
Long Term Capital Lease Obligation $777,000 - $21,000 $460,000
Current Deferred Revenue $10,500,000 $0 - -
Current Capital Lease Obligation $420,000 $23,000 $452,000 $442,000
Current Accrued Expenses $14,073,000 $3,071,000 $75,000 $7,913,000
Goodwill $134,848,000 $0 - -
Net PPE $105,988,000 $46,744,000 $43,575,000 $38,520,000
Accumulated Depreciation $-1,830,000 - $-1,223,000 $-661,000
Gross PPE $107,818,000 $46,744,000 $44,798,000 $39,181,000
Leases $795,000 - $372,000 $371,000
Construction In Progress $61,229,000 $3,060,000 $25,110,000 $19,324,000
Other Properties $35,021,000 $43,684,000 $989,000 $1,355,000
Machinery Furniture Equipment $59,000 - $107,000 $107,000
Buildings And Improvements $9,604,000 - - -
Land And Improvements $1,110,000 - $1,110,000 $1,116,000
Finished Goods $1,231,000 - - -
Work In Process $772,000 - - -
Raw Materials $16,532,000 - - -
Preferred Stock - $24,075,435 $258,971,518 $68,610,000
Total Partnership Capital - $-17,031,848 $-12,910,951 $27,476,000
General Partnership Capital - - $0 $0
Limited Partnership Capital - - $93,376,000 $72,111,000
Investments And Advances - - $40,000 $945,000
Fetched: 2026-06-15
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-86,344,000 $-16,098,000 $-27,884,000 $-19,913,000
Operating Activities
Operating Cash Flow $-48,985,000 $-12,991,000 $-21,928,000 $-14,800,000
Cash Flow From Continuing Operating Activities $-48,985,000 $-12,991,000 $-21,928,000 $-14,800,000
Operating Gains Losses - $-11,970,657 $879,000 $1,349,000
Investing Activities
Capital Expenditure $-37,359,000 $-3,107,000 $-5,956,000 $-5,113,000
Investing Cash Flow $-139,566,000 $-3,285,000 $-5,956,000 $-15,154,000
Cash Flow From Continuing Investing Activities $-139,566,000 $-3,285,000 $-5,956,000 $-15,154,000
Capital Expenditure Reported $-37,359,000 $-3,107,000 - -
Net Other Investing Changes - $-178,000 - -
Financing Activities
Issuance Of Capital Stock $213,327,000 $25,500,000 $13,303,000 $0
Financing Cash Flow $531,715,000 $19,838,000 $14,112,000 $22,258,000
Cash Flow From Continuing Financing Activities $531,715,000 $19,838,000 $14,112,000 $22,258,000
Net Other Financing Charges $14,186,000 $-5,662,000 - $22,258,000
Net Preferred Stock Issuance $23,250,000 $25,500,000 $13,112,000 $0
Preferred Stock Issuance $23,250,000 $25,500,000 $13,303,000 $0
Net Common Stock Issuance $190,077,000 $0 $13,112,000 $0
Common Stock Issuance $190,077,000 $0 $13,303,000 $0
Repurchase Of Capital Stock - $-246,916,015 $-191,000 $0
Other
Interest Paid Supplemental Data $17,000 $0 - -
End Cash Position $359,925,000 $16,761,000 $13,199,000 $26,971,000
Beginning Cash Position $16,761,000 $13,199,000 $26,971,000 $34,667,000
Changes In Cash $343,164,000 $3,562,000 $-13,772,000 $-7,696,000
Proceeds From Stock Option Exercised $303,845,000 $0 - -
Net Issuance Payments Of Debt $357,000 $0 $1,000,000 $0
Net Long Term Debt Issuance $357,000 $0 $1,000,000 $0
Net Business Purchase And Sale $-102,207,000 $0 $0 $-10,041,000
Purchase Of Business $-102,207,000 $0 $0 $-10,041,000
Change In Working Capital $-8,339,000 $140,000 $411,000 $5,490,000
Change In Other Working Capital $-637,000 - $4,826,000 $3,374,000
Change In Other Current Liabilities $-328,000 $-145,000 $-499,000 $-455,000
Change In Payables And Accrued Expense $-1,556,000 $216,000 $-3,974,000 $1,787,000
Change In Accrued Expense $3,931,000 $-874,000 $-1,978,000 $1,467,000
Change In Payable $-5,487,000 $1,090,000 $-1,996,000 $320,000
Change In Account Payable $-5,487,000 $1,090,000 $-1,996,000 $320,000
Change In Prepaid Assets $-2,013,000 $69,000 $-88,000 $793,000
Change In Inventory $-3,206,000 $0 - -
Change In Receivables $-599,000 $0 - -
Changes In Account Receivables $-599,000 $0 - -
Other Non Cash Items $2,907,000 $350,000 $-16,772,000 -
Stock Based Compensation $8,760,000 $1,738,000 $1,374,000 $3,229,000
Unrealized Gain Loss On Investment Securities $244,625,000 $379,000 - -
Asset Impairment Charge $0 $405,000 - -
Depreciation Amortization Depletion $1,586,000 $389,000 $718,000 $671,000
Depreciation And Amortization $1,586,000 $389,000 $718,000 $671,000
Amortization Cash Flow $678,000 $0 - -
Amortization Of Intangibles $678,000 $0 - -
Depreciation $908,000 $389,000 $718,000 $671,000
Net Income From Continuing Operations $-298,524,000 $-16,392,000 $-8,538,000 $-25,539,000
Repayment Of Debt - $0 - -
Issuance Of Debt - $1,200,000 $1,000,000 $0
Common Stock Payments - $-246,916,015 $-191,000 $0
Long Term Debt Payments - $0 - -
Long Term Debt Issuance - $1,200,000 $1,000,000 $0
Net Investment Purchase And Sale - $246,916,015 - -
Sale Of Investment - $246,916,015 - -
Purchase Of Investment - $0 - -
Gain Loss On Investment Securities - $-11,970,657 - -
Preferred Stock Payments - - $-191,000 $0
Net PPE Purchase And Sale - - $-5,956,000 $-5,113,000
Purchase Of PPE - - $-5,956,000 $-5,113,000
Change In Other Current Assets - - $146,000 $-9,000
Earnings Losses From Equity Investments - - $879,000 $1,349,000
Fetched: 2026-06-15