MP Materials Corp. (MP) Stock Analysis
Basic Materials · Other Industrial Metals & Mining · NYSE
MP Materials Corp. (MP) posted $224.44M in revenue for fiscal 2025 (up 10.1% year over year), with a net loss of $85.87M, and has compounded revenue about 10.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on MP Materials Corp.
MP Materials Corp. has grown revenue from $73.41M to $224.44M over the last 7 fiscal years, compounding about 10.8% a year. The most recent year was up 10.1%, roughly in line with its longer-run pace.
Net margin sits at -38.3%, down 6.2 points year over year. It carries about $998.74M of total debt.
The one thing worth a second look in the filings is inventory building faster than sales.
Synthesised from MP Materials Corp.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
MP Materials Corp. revenue & earnings — last 7 fiscal years
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $73.41M | $134.31M | $331.95M | $527.51M | $253.44M | $203.85M | $224.44M |
| Gross profit | — | — | — | — | — | — | — |
| Net income | $-6.75M | $-21.82M | $135.04M | $289.00M | $24.31M | $-65.42M | $-85.87M |
| Net margin | -9.2% | -16.2% | 40.7% | 54.8% | 9.6% | -32.1% | -38.3% |
Source: MP Materials Corp. SEC filings (10-K).
MP Materials Corp.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Inventory building faster than salesInventory rose 59.0% versus revenue 10.1% — possible overproduction or softening demand.
- Debt with negative operating cash flowCarries $1133.6M of debt while last year's operating cash flow was negative ($-155.8M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -38.3%).
Explore 7 years of MP Materials Corp. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeMP Materials Corp. financial history by metric
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About MP Materials Corp.
MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. It operates in two segments, Materials and Magnetics. The Materials segment owns and operates the Mountain Pass Rare Earth Mine and Processing facility located near Mountain Pass, San Bernardino County, California. The Magnetics segment produces magnetic precursor products, including NdPr metal; and manufactures NdFeB permanent magnets. MP Materials Corp. was founded in 2017 and is headquartered in Las Vegas, Nevada.
MP Materials Corp. — frequently asked questions
What is MP Materials Corp.'s revenue?
MP Materials Corp. (MP) reported revenue of $224.44M for fiscal year 2025, up 10.1% from the prior year, according to its SEC filings.
Is MP Materials Corp. profitable?
No — MP reported a net loss of $-85.87M in fiscal 2025.
What is MP's P/E ratio?
MP Materials Corp. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is MP Materials Corp. growing?
MP's revenue grew at roughly 10.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does MP Materials Corp. have?
As of fiscal year 2025, MP carried roughly $998.74M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is MP Materials Corp.'s market cap?
MP Materials Corp. (MP) has a market capitalization of about $9.56B, based on the latest data in our nightly-refreshed cache.
When does MP Materials Corp.'s fiscal year end?
MP's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from MP Materials Corp.'s official SEC filings (10-K and 10-Q), covering 7 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.