MP · XBRL financial data

MP Materials financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (MP's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	53	41*	49	31	63	61*	61	57	54	53*	91	108
Selling, general and administrative	20	21*	21	21	22	19*	24	27	28	32*	34	35
Other operating income (expense)	—	year only	(0)	(0)	(1)	(3)*	0	1	(1)	(2)*	(9)	0
Operating income (loss)	(18)	(34)*	(32)	(53)	(40)	(44)*	(35)	(44)	(67)	(4)*	(24)	(32)
Interest expense	1	1*	3	7	7	7*	8	5	9	10*	10	10
Other income (expense)	14	14*	13	12	11	10*	15	7	17	24*	20	12
Income tax expense (benefit)	(0)	(4)*	7	(14)	(9)	(12)*	(5)	(12)	(17)	1*	(6)	(9)
Net income (loss)	(4)	(16)*	16	(34)	(26)	(22)*	(23)	(31)	(42)	9*	(8)	(20)
Earnings per share, basic USD per share	(0.02)	(0.09)*	0.09	(0.21)	(0.16)	(0.14)*	(0.14)	(0.19)	(0.24)	0.05*	(0.04)	(0.11)
Earnings per share, diluted USD per share	(0.02)	(0.10)*	(0.08)	(0.21)	(0.16)	(0.14)*	(0.14)	(0.19)	(0.24)	0.05*	(0.04)	(0.11)
Weighted average shares, basic millions of shares	177	178*	175	165	164	163*	164	164	175	178*	178	178
Weighted average shares, diluted millions of shares	177	164*	187	165	164	163*	164	164	175	178*	178	178

Fiscal quarters (MP's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	548	263	296	296	284	282	198	262	1,147	1,166	886	429
Marketable securities	537	734	650	641	582	568	561	492	793	664	852	1,024
Accounts receivable	13	10	22	8	15	19	70	22	15	15	47	40
Inventory	77	95	109	115	117	108	133	128	144	172	169	173
Prepaid and other current assets	9	9	10	10	12	10	18	14	15	17	20	23
Total current assets	1,188	1,131	1,106	1,091	1,017	1,031	1,023	960	2,174	2,166	2,047	1,745
Property and equipment, net	1,098	1,158	1,196	1,217	1,231	1,251	1,279	1,290	1,306	1,370	1,434	1,609
Right-of-use asset	10	10	10	9	9	9	10	9	14	13	19	19
Total assets	2,322	2,336	2,354	2,364	2,300	2,334	2,368	2,336	3,798	3,864	3,840	3,727
Accounts payable	—	28	26	20	22	24	21	22	25	37	33	46
Accrued liabilities	—	74	74	75	66	65	69	74	78	95	99	60
Current portion of long-term debt	—	—	—	—	—	0	67	67	68	67	67	0
Total current liabilities	97	109	108	158	147	164	248	267	270	299	285	184
Long-term debt	681	682	936	937	938	909	842	843	930	931	933	935
Lease liability, non-current	7	7	7	6	6	6	6	6	9	8	14	14
Total liabilities	946	971	1,216	1,255	1,236	1,279	1,332	1,326	1,420	1,472	1,459	1,356
Retained earnings	402	386	402	368	343	320	298	267	225	234	226	206
Total stockholders' equity	1,376	1,366	1,138	1,109	1,065	1,055	1,036	1,011	1,965	1,979	1,967	1,957
Total liabilities and equity	2,322	2,336	2,354	2,364	2,300	2,334	2,368	2,336	3,798	3,864	3,840	3,727
Common shares outstanding (cover page) millions of shares	178	178	165	165	163	163	163	177	177	178	178	178

Fiscal quarters (MP's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(4)	(16)*	16	(34)	(26)	(22)*	(23)	(31)	(42)	9*	(8)	(20)
Stock-based compensation	6*	6*	7	6*	5*	5*	7	6*	8*	10*	13	11*
Depreciation and amortization	17	19*	18	18	19	22*	21	21	22	25*	32	35
Net cash from operating activities	11*	(14)*	(41)	31*	(7)*	30*	(63)	(4)*	(42)*	(47)*	(2)	7*
Purchases of property and equipment	59*	73*	52	46	46	42*	30	29	50	62*	77	230
Net cash from investing activities	(390)*	(269)*	41	(30)*	21*	(22)*	(16)	70*	(333)*	73*	(260)	(395)*
Proceeds from issuing common stock	—	year only	—	—	—	0*	—	—	—	0*	—	—
Share repurchases	0*	0*	201	0*	24	0*	0	0*	0*	0*	—	—
Proceeds from long-term debt	0*	0*	748	0*	0*	0*	0	0*	62*	0*	—	—
Net cash from financing activities	(1)*	(1)*	33	(2)*	(25)*	(11)*	(5)	(3)*	1,261*	(7)*	(19)	(69)*
Net change in cash	(380)*	(284)*	33	(0)*	(11)*	(2)*	(84)	63*	885*	19*	(280)	(457)*

SIC 1000 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 1000 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
MP Materials	429	108	6.8*	178.1M	—	Q2 FY26 10-QJun 30, 2026
Cleveland-Cliffs	77	5,612	224*	570.6M	—	Q3 FY26 10-QSep 30, 2026
Southern Copper	4,824	4,697	2,224	844.3M	—	Q3 FY26 10-QSep 30, 2026
TMC the metals	99	not reported	(20)*	441.1M	4.9 quarters	Q2 FY26 10-QJun 30, 2026
Ivanhoe Electric	257	0.7	(20)*	159.6M	12.9 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.