MP Q2 2024 Earnings — MP Materials Corp. Revenue & Financial Results | Market Cap Arena

MPMP Materials Corp.

$11B

Q2 2024 Earnings

Basic Materials Industrial Materials

Income Statement

Revenue

$31M-51.2% YoY

Gross Profit

-$28M-90.9% margin

Operating Income

-$53M-171.1% margin

Net Income

-$34M-108.9% margin

EPS (Diluted)

$-0.21

QoQ Revenue Growth

-35.8%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

-$16M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.3B

Stockholders' Equity

$1.1B

Cash & Equivalents

$297M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$31M	$64M	-51.2%
Gross Profit	-$28M	$29M	-197.6%
Operating Income	-$53M	$483,000	-11174.9%
Net Income	-$34M	$7M	-560.5%