stockrowMP 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
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MP Materials Corp. 10-Q filed Nov 6, 2026
Red flags
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Receivables outpacing revenue
Receivables grew 333.2% while revenue grew 175.7% year over year
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
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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.