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

35.24 1.50 +4.45%
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 Nov 6, 2026

Fiscal Q3 2026 · Period ended Sep 30, 2026 · Filed · accepted 6:13 PM ET · Document on sec.gov · Filing index

Red flags

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Aug 7, 2026: 6 added · 2 removed · 59 modified; 8 with only figures updated; 1 moved without change

  1. Modified · Business Overview

    The Materials segment represents our upstream and midstream operations, which primarilypredominantly consist of Mountain Pass, a fully integrated mining and refining facility producing refined rare earth oxides (“REO”) and related products. The Materials segment generates revenue primarily from sales of neodymium-praseodymium (“NdPr”) oxide and metal, primarilywhich is largely sold to customers in the United States, Japan, South Korea, and broader Asia. The Materials segment historically generated the majority of its revenue from sales of rare earth concentrate into the Chinese market.

66 more changes in this Item, word by word, in Powerpack.