Saturday 17 October 2026
Export USAR’s income statement to Excel — free account
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. In the quarter to June 2026, EPS grew 96.8%, free cash flow fell 1,035.0% and total debt fell 44.7%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
10.54
0.55
−4.96%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | 10.07 | 10.33 | 5.56 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | 10.38 | 15.18 | 43.98 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 29 | 132 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 0.00 | 0.01 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | — | 2 | ||||
| Gross margin, % | — | — | — | — | — | — | — | — | — | 11.87 | |||||
| EBT | — | — | — | — | — | — | — | 7 | (16) | (299) | |||||
| EBT margin, % | — | — | — | — | — | — | — | 0.00 | 0.00 | (18,179.18) | |||||
| Net income | — | — | — | — | — | — | — | 7 | (16) | (299) | |||||
| Depreciation | — | — | — | — | — | — | — | — | 1 | 2 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.02 | ||||
| Earnings | — | — | — | — | — | — | — | 0.27 | (0.28) | (3.31) | |||||
| Cash flow | — | — | — | — | — | — | — | (0.15) | (0.22) | (0.50) | |||||
| Capex | — | — | — | — | — | — | — | 0.00 | (0.05) | (0.38) | |||||
| Free cash flow | — | — | — | — | — | — | — | (0.15) | (0.27) | (0.88) | |||||
| Book value | — | — | — | — | — | — | — | (2.06) | 0.91 | 5.13 | |||||
| Shares, m | — | — | — | — | — | — | — | 6 | 60 | 98 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | — | — | 0.00 | |||||
| P/B | — | — | — | — | — | — | — | — | — | 2.36 | |||||
| EV/Sales | — | — | — | — | — | — | — | — | — | 0.00 | |||||
| EV/FCF | — | — | — | — | — | — | — | — | — | (9.35) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | (1) | (13) | (49) | ||||
| Capex | — | — | — | — | — | — | — | — | (3) | (37) | |||||
| Free cash flow | — | — | — | — | — | — | — | (1) | (16) | (86) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | 0 | 15 | 347 | ||||
| Total debt | — | — | — | — | — | — | — | — | — | 1 | |||||
| Net debt | — | — | — | — | — | — | — | 0 | (17) | (359) | |||||
| Shareholders’ equity | — | — | — | — | — | — | — | (13) | 54 | 503 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (9.58) | (77.89) | ||||
| ROIC | — | — | — | — | — | — | — | 0.00 | (26.20) | (25.85) | |||||
| ROE | — | — | — | — | — | — | — | 0.00 | (149.07) | (112.65) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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. | $7.4B | — (loss-making) | 1,057× | +119.66% (above 0%: growing) | n/m | −638.46% (below 0%: shrinking) | 42.66% | (25.41%) | Compare |
| MTRN Materion Corporation | $5.3B | 56.3× | 37.8× | +42.22% (above 0%: growing) | +53.72% (above 0%: growing) | +61.80% (above 0%: growing) | 17.00% | 8.42% | Compare |
| USAR USA Rare Earth Inc. | $4.2B | — (loss-making) | — (loss-making) | — | n/m | −1,034.95% (below 0%: shrinking) | (27.19%) | (795.64%) | |
| SKE Skeena Resources Limited | $4.0B | — (loss-making) | — | — | n/m | −112.35% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| ALM Almonty Industries Inc. | $2.9B | 50.2× | — | +497.16% (above 0%: growing) | n/m | +133.36% (above 0%: growing) | 62.18% | 37.51% | Compare |
| NEXA Nexa Resources S.A. | $1.7B | 6.0× | 4.4× | +28.16% (above 0%: growing) | +5,100.00% (above 0%: growing) | +28.53% (above 0%: growing) | 28.32% | 19.31% | Compare |
| USAS Americas Gold and Silver Corporation | $1.3B | — (loss-making) | — | +72.05% (above 0%: growing) | n/m | −209.58% (below 0%: shrinking) | 47.97% | 10.95% | Compare |
| TMC TMC the metals company Inc. | $1.2B | — (loss-making) | — | — | n/m | −87.95% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| VZLA Vizsla Silver Corp. | $1.2B | — (loss-making) | — | — | n/m | +10.03% (above 0%: growing) | 0.00% | 0.00% | Compare |
| Median of peers | $2.3B | 50.2× | 37.8× | +72.05% | — | −38.96% | 22.66% | 4.21% |
USA Rare Earth Inc. (USAR) key facts
- USA Rare Earth Inc. (USAR) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on Nasdaq.
- USA Rare Earth Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 million.
- As of October 16, 2026, USAR traded at $10.54, a market capitalization of $4.2 billion.
- Return on equity was −112.7% and debt-to-equity 0.00.
- Its Altman Z-score is 3.19 (safe zone) for fiscal 2025.