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Friday 6 November 2026
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USA Rare Earth Inc.
USAR Basic Materials Other Industrial Metals & Mining
USA Rare Earth Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 million.
- EPS
- +96.8%
- Free cash flow
- −1,035.0%
- Total debt
- −44.7%
Quarter to June 2026, against a year earlier
7.48
0.72
−8.78%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | 2 | — | — | 38 | — | — | +2,237.2% | |
| Gross margin, % | — | — | — | — | — | — | — | — | — | 11.87 | — | — | ||||||
| EBT | — | — | — | — | — | — | — | 7 | (16) | (299) | (289) | n/m | ||||||
| EBT margin, % | — | — | — | — | — | — | — | 0.00 | 0.00 | (18,179.18) | 0.00 | (18,179.2) pt | ||||||
| Net income | — | — | — | — | — | — | — | 7 | (16) | (299) | (288) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.02 | 0.00 | n/m | |||||
| Earnings | — | — | — | — | — | — | — | (0.93) | (0.40) | (3.31) | (2.43) | +88.7% | ||||||
| Cash flow | — | — | — | — | — | — | — | (0.15) | (0.22) | (0.50) | (0.46) | +81.8% | ||||||
| Capex | — | — | — | — | — | — | — | 0.00 | (0.05) | (0.38) | (0.61) | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | (0.15) | (0.27) | (0.88) | (1.07) | +141.4% | ||||||
| Book value | — | — | — | — | — | — | — | (2.06) | 0.91 | 5.13 | 11.07 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | 6 | 60 | 98 | 157 | +295.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | |||||
| P/S | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | ||||||
| P/B | — | — | — | — | — | — | — | — | — | 2.36 | 0.68 | — | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | — | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | — | (9.35) | (0.78) | — | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | (1) | (13) | (49) | (106) | +618.8% | |||||
| Capex | — | — | — | — | — | — | — | — | (3) | (37) | (139) | +1,102.4% | ||||||
| Free cash flow | — | — | — | — | — | — | — | (1) | (16) | (86) | (246) | +854.4% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 0 | 15 | 347 | 1,622 | +4,179.8% | |||||
| Net debt | — | — | — | — | — | — | — | 0 | (17) | (359) | (1,530) | +3,510.2% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | (13) | 54 | 503 | 2,547 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (14.55) | (77.89) | (17.88) | (77.9) pt | |||||
| ROIC | — | — | — | — | — | — | — | 0.00 | (26.20) | (25.85) | (7.78) | (25.8) pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | (226.47) | (112.65) | (23.63) | (112.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 29 | 132 | — | +355.2% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 0.00 | 0.01 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
USA Rare Earth Inc. vs peers in Other Industrial Metals & Mining (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MP MP Materials Corp. | $6.0B | — (loss-making) | — (loss-making) | +89.03% (above 0%: growing) | n/m | −638.46% (below 0%: shrinking) | 49.57% | (29.52%) | Compare |
| MTRN Materion Corporation | $3.7B | 35.8× | 33.7× | +27.54% (above 0%: growing) | +49.48% (above 0%: growing) | +1,007.75% (above 0%: growing) | 18.28% | 8.89% | Compare |
| SKE Skeena Resources Limited | $3.7B | — (loss-making) | — | — | n/m | −112.35% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| USAR USA Rare Earth Inc. | $2.8B | — (loss-making) | — (loss-making) | — | n/m | −1,034.95% (below 0%: shrinking) | (27.19%) | (795.64%) | |
| ALM Almonty Industries Inc. | $2.3B | 40.7× | — | +497.16% (above 0%: growing) | n/m | +133.36% (above 0%: growing) | 62.18% | 37.51% | Compare |
| SSMR Sunshine Silver Mining & Refining Company | $1.8B | — | — | — | n/m | — | 43.63% | 0.00% | Compare |
| NEXA Nexa Resources S.A. | $1.5B | 9.4× | 4.4× | +22.74% (above 0%: growing) | n/m | −3.80% (below 0%: shrinking) | 26.09% | 2.10% | Compare |
| EMAT Evolution Metals & Technologies Corp. | $1.2B | — (loss-making) | — | — | n/m | −607.00% (below 0%: shrinking) | (7.03%) | (744.93%) | Compare |
| VZLA Vizsla Silver Corp. | $1.1B | — (loss-making) | — | — | n/m | +10.03% (above 0%: growing) | 0.00% | 0.00% | Compare |
| Median of peers | $2.0B | 35.8× | — | +58.29% | — | −3.80% | 22.19% | 0.00% |