MP · XBRL financial data

MP Materials financial statements, every fiscal year

The same tables from 6 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 years (MP's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	134	332	—	—	—	—
Revenue from contracts with customers	134	329	528	253	204	224
Selling, general and administrative	27	57	76	79	83	112
General and administrative	27	57	—	—	—	—
Other operating income (expense)	—	—	—	(7)	(4)	(2)
Operating income (loss)	(35)	165	327	(18)	(169)	(149)
Interest expense	5	9	6	5	23	31
Other income (expense)	0	4	20	56	46	63
Income tax expense (benefit)	(18)	25	52	9	(28)	(32)
Net income (loss)	(22)	135	289	24	(65)	(86)
Earnings per share, basic USD per share	(0.27)	0.78	1.64	0.14	(0.39)	(0.50)
Earnings per share, diluted USD per share	(0.27)	0.73	1.52	0.14	(0.57)	(0.50)
Weighted average shares, basic millions of shares	80	173	177	177	167	170
Weighted average shares, diluted millions of shares	80	190	193	178	170	170

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	520	1,179	137	263	282	1,166
Marketable securities	—	0	1,046	734	568	664
Accounts receivable	4	51	33	10	19	15
Inventory	32	39	58	95	108	172
Prepaid and other current assets	6	8	19	9	10	17
Total current assets	561	1,277	1,294	1,131	1,031	2,166
Property and equipment, net	502	611	936	1,158	1,251	1,370
Right-of-use asset	1	0	0	10	9	13
Total assets	1,074	1,890	2,238	2,336	2,334	3,864
Accounts payable	—	—	15	28	24	37
Accrued liabilities	—	—	57	74	65	95
Current portion of long-term debt	2	0	—	—	0	67
Total current liabilities	43	60	97	109	164	299
Long-term debt	1	675	678	682	909	931
Lease liability, non-current	0	0	0	7	6	8
Total liabilities	220	881	925	971	1,279	1,472
Retained earnings (accumulated deficit)	(63)	72	361	386	320	234
Total stockholders' equity	854	1,009	1,313	1,366	1,055	1,979
Total liabilities and equity	1,074	1,890	2,238	2,336	2,334	3,864
Common shares outstanding (cover page) millions of shares	171	178	178	178	163	178

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(22)	135	289	24	(65)	(86)
Stock-based compensation	5	23	32	25	23	30
Depreciation and amortization	7	24	18	56	78	89
Net cash from operating activities	3	102	344	63	13	(156)
Purchases of property and equipment	22	124	327	262	186	172
Net cash from investing activities	(22)	(119)	(1,357)	69	10	(206)
Proceeds from issuing common stock	—	—	—	0	0	748
Share repurchases	—	—	0	0	225	0
Proceeds from long-term debt	—	—	0	0	748	62
Net cash from financing activities	522	666	(24)	(10)	(5)	1,246
Net change in cash	503	649	(1,038)	121	19	884

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.