MP Q3 2024 Earnings — MP Materials Corp. Revenue & Financial Results | Market Cap Arena

MPMP Materials Corp.

$11B

Q3 2024 Earnings

Basic Materials Industrial Materials

Income Statement

Revenue

$63M+19.8% YoY

Gross Profit

-$14M-21.7% margin

Operating Income

-$40M-62.8% margin

Net Income

-$26M-40.5% margin

EPS (Diluted)

$-0.16

QoQ Revenue Growth

+101.3%

Cash Flow

Operating Cash Flow

-$7M

Free Cash Flow

-$53M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.2B

Stockholders' Equity

$1.1B

Cash & Equivalents

$284M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$63M	$53M	+19.8%
Gross Profit	-$14M	$14M	-201.0%
Operating Income	-$40M	-$18M	-125.5%
Net Income	-$26M	-$4M	-496.7%

Revenue Segments

Other Revenue

$695,000100%