MP Materials Corp.

MP Basic Materials Other Industrial Metals & Mining

MP Materials Corp.’s revenue for fiscal 2025 (year ended December 2025) was $224.4 million, up 10.1% from fiscal 2024.

Revenue
+175.7%
EPS
+50.0%
Free cash flow
−638.5%
Total debt
−6.12%

Quarter to September 2026, against a year earlier

35.61 1.87 +5.54%
Market cap
$6.0B
P/E
0.0×
Fwd P/E
−135×
Dividend yield
—
F-score
4/9
Altman Z
4.10
Beneish M
−0.49
Dividend safety
n/a

MP Materials Corp. 10-Q filed Aug 7, 2026

Fiscal Q2 2026 · Period ended Jun 30, 2026 · Filed · accepted 6:15 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed May 8, 2026: 3 added · 5 removed · 46 modified; 7 with only figures updated; 1 moved without change

  1. Modified · Business Overview

    The Magnetics segment represents our downstream magnet manufacturing and related operations, which currently consist of (i) the Independence Facility, a fully integrated metal, alloy, and magnet manufacturing plant and (ii) the 10X Facility (discussed below). The Magnetics segment began generating revenue from sales of magnetic precursor products to a single customer in the U.S., in the first quarter of 2025, and commenced the manufacturing of neodymium-iron-boron (“NdFeB”) permanent magnets in December 2025.