USAR (USA Rare Earth Inc) Stock Financials & Earnings

USARUSA Rare Earth Inc

Mkt Cap$2B

Revenue (TTM)$318M

Net Income (TTM)-$246M

EPS (TTM)-$2.98

Free Cash Flow (TTM)$154M

Gross Margin80.9%

Op. Margin53.6%

Net Margin-77.4%

FCF Margin48.3%

P/S Ratio (TTM)6.1x

P/E Ratio (TTM)—

YoY Rev Growth—

Employees—

Earnings Reports

Next: Q4 2025 · Mar 12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$0	$0	-$6K
Q2 23	$0	$0	-$229K
Q3 23	$0	-$421K	-$421K
Q4 23	$0	$0	-$330K
Q1 24	$0	-$434K	-$434K
Q2 24	$0	-$346K	-$346K
Q3 24	$0	-$2M	-$2M
Q4 24	$5M	$3M	-$1M
Q1 25	$0	$0	$0
Q2 25	$0	$0	-$9M
Q3 25	$312M	$255M	$180M

Valuation

Operating Cash Flow

Capital Expenditures

CapEx

OpEx vs Revenue Growth (YoY)

Stock-Based Compensation

OpEx Breakdown

Quarter	R&D	G&A	SG&A
Q1 23	—	—	$6K
Q2 23	—	—	$229K
Q3 23	—	—	$421K
Q4 23	—	—	$330K
Q1 24	—	—	$434K
Q2 24	—	—	$346K
Q4 24	—	—	$779K
Q1 25	$2M	—	$7M
Q2 25	$3M	—	$6M
Q3 25	$4M	$21M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$0	$0	$0
Q2 23	$546K	$0	$546K
Q3 23	$338K	$0	$338K
Q4 23	$276K	$0	$276K
Q1 24	$119K	$0	$119K
Q2 24	$7K	$0	$7K
Q3 24	$141K	$0	$141K
Q4 24	$2K	$0	$2K
Q1 25	$23M	$0	$23M
Q2 25	$122M	$0	$122M
Q3 25	$258M	$0	$258M

Shares Outstanding

Revenue Per Employee

Revenue / Employee