MP Q1 2024 Earnings — MP Materials Corp. Revenue & Financial Results | Market Cap Arena

MPMP Materials Corp.

$11B

Q1 2024 Earnings

Basic Materials Industrial Materials

Income Statement

Revenue

$49M-49.1% YoY

Gross Profit

-$5M-10.9% margin

Operating Income

-$27M-55.4% margin

Net Income

$16M33.9% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+18.2%

Cash Flow

Operating Cash Flow

-$41M

Free Cash Flow

-$93M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.2B

Stockholders' Equity

$1.1B

Cash & Equivalents

$297M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$49M	$96M	-49.1%
Gross Profit	-$5M	$63M	-108.4%
Operating Income	-$27M	$33M	-181.8%
Net Income	$16M	$37M	-56.0%