USA Rare Earth, Inc. (USAR) Stock Analysis
Basic Materials · Other Industrial Metals & Mining · NasdaqGM
USA Rare Earth, Inc. (USAR) posted $1.64M in revenue for fiscal 2025, with a net loss of $297.56M, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on USA Rare Earth, Inc.
USA Rare Earth, Inc. has grown revenue from $0 to $1.64M over the last 4 fiscal years.
Net margin sits at -18110.7% on a 11.9% gross margin. It carries about $1.85M of total debt.
The one thing worth a second look in the filings is debt with negative operating cash flow.
Synthesised from USA Rare Earth, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
USA Rare Earth, Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $1.64M |
| Gross profit | $-210,000 | $-308,000 | — | $195,000 |
| Net income | $-23.84M | $-7.42M | $-15.73M | $-297.56M |
| Net margin | — | — | — | -18110.7% |
Source: USA Rare Earth, Inc. SEC filings (10-K).
USA Rare Earth, Inc.: 2 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.
- Debt with negative operating cash flowCarries $3.7M of debt while last year's operating cash flow was negative ($-49M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -18110.7%).
Explore 4 years of USA Rare Earth, Inc. 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.
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USA Rare Earth, Inc. financial history by metric
About USA Rare Earth, Inc.
USA Rare Earth, Inc. engages in mining, processing, and supplying rare earths and other critical minerals in the United States, Europe, and Asia. It primarily explores neodymium, dysprosium, terbium, yttrium, gallium, hafnium, praseodymium, samarium, and other critical minerals. The company holds interests in the Round Top Mountain located near Sierra Blanca, Texas. It products are used in aerospace, defense, semiconductors, data centers, physical AI, energy, mobility, healthcare, and numerous industrial sectors. USA Rare Earth, Inc. was founded in 2019 and is based in Stillwater, Oklahoma.
USA Rare Earth, Inc. — frequently asked questions
What is USA Rare Earth, Inc.'s revenue?
USA Rare Earth, Inc. (USAR) reported revenue of $1.64M for fiscal year 2025, according to its SEC filings.
Is USA Rare Earth, Inc. profitable?
No — USAR reported a net loss of $-297.56M in fiscal 2025.
What is USAR's P/E ratio?
USA Rare Earth, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How much debt does USA Rare Earth, Inc. have?
As of fiscal year 2025, USAR carried roughly $1.85M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is USA Rare Earth, Inc.'s gross margin?
USAR's gross margin was 11.9% in fiscal 2025 — gross profit of $195,000 on revenue of $1.64M.
What is USA Rare Earth, Inc.'s market cap?
USA Rare Earth, Inc. (USAR) has a market capitalization of about $5.18B, based on the latest data in our nightly-refreshed cache.
When does USA Rare Earth, Inc.'s fiscal year end?
USAR'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 USA Rare Earth, Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.