GeminIQ

USAR

USA Rare Earth, Inc.
$15.40previous close on: 9/15/2026

Company Information

Company Name
USA Rare Earth, Inc.
CIK
CIK0001970622
Category
<br>Emerging growth company
Ticker: Exchange
USAR: Nasdaq
Fiscal Year End
December 31
Owner Organization
01 Energy & Transportation
SIC
1000
SIC Description
Metal Mining
Ticker
USAR

SEC filing data through

Insider Sentiment

Last purchase
2026-01-29
Last sale
2026-06-08
Shares purchased (TTM)
101,300
Shares sold (TTM)
2,104,849
Buy ratio (TTM)4.6%

Institutional Sentiment

As of
2026-03-31
Institutional shares owned
123,818,731
Shares outstanding
196,479,000
Ownership
63.02%
+60.53% Y/Y

Earnings Market Reaction

Filing date
2026-08-10
Price on filing date
—
1-month reaction
-7.51%
3-month reaction
Pending
Drift continued8/10 (80%)
Faded / reversed2/10 (20%)
Export data

Balance Sheet

Values in millions ($)
Line item2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-30Subscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnTrend
Assets
Common Class A------225025250
Common Class B------000600
Related Party-------1----
Cash And Cash Equivalents At Carrying Value1,5301,750360258122231700000
Accounts Receivable Net664---0-----
Cash------0---0-
Other Prepaid Expense Current--0---00-00-
Inventory Net502819---0-----
Assets Current
Assets Current1,6731,790385259124262200001
Prepaid Insurance--1---00-00-
Deferred Costs Current--000-5-----
Prepaid Expense And Other Assets Current-731220----0
Marketable Securities Noncurrent------24---259256
Prepaid Expense Current12-------0--0
Other Assets Current74-----------
Assets Held In Trust Noncurrent-------269266262--
Property Plant And Equipment Net-----30---27--
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization147119864133-27-----
Goodwill135135135---0-----
Accounts Payable And Accrued Liabilities Current------32--0-
Other Intangible Assets Net666769---0-----
Assets Noncurrent
Assets Noncurrent-----51------
Convertible Notes Payable Current------1-----
Operating Lease Right Of Use Asset2000000-----
Derivative Liabilities Noncurrent------0-----
Deferred Costs912-----------
Other Assets Noncurrent0000000-----
Assets2,9992,1356953231807769269266263259256
Liabilities
Accounts Payable Current1717112232-----
Accrued Liabilities Current32211413543-1000
Contract With Customer Liability Current11011---0-----
Liabilities Current
Derivative Liabilities Current--000-1-----
Liabilities Current5149381687731100
Notes Payable Current00200-1-----
Finance Lease Liability Current000--00-----
Operating Lease Liability Current000--00-----
Other Liabilities Current--00000-----
Finance Lease Liability Noncurrent011--10-----
Operating Lease Liability Noncurrent200--00-----
Preferred Stock Par Or Stated Value Per Share--0.00---0.000.000.000.000.000.00
Warrants And Rights Outstanding3642620178169340-----
Preferred Stock Shares Authorized--50---555555
Deferred Income Tax Liabilities Net161617---0-----
Contract With Customer Liability Noncurrent10-----------
Liabilities45224619236928697151614141313
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests-----32------
Preferred Stock Shares Outstanding--1---------
Temporary Equity
Temporary Equity Shares Subscribed But Unissued Subscriptions Receivable--000--1-----
Preferred Stock Value Outstanding1010----------
Temporary Equity Carrying Amount Attributable To Parent1010913253220269266262259256
Common Stock Share Subscribed But Unissued Subscriptions Receivable------17------
Common Stock Value0000000-----
Accumulated Other Comprehensive Income Loss Net Of Tax-1-00---0-----
Stockholders Equity
Stockholders Equity2,5371,879494-59-132-53344036-13-13-13
Additional Paid In Capital Common Stock3,0042,333880277460104-----
Retained Earnings Accumulated Deficit-465-454-387-337-181-38-73-16-14-13-13-13
Minority Interest-1122223-----
Liabilities And Stockholders Equity2,9992,1356953231807769269266263259256
Series A Cumulative Convertible Preferred Stock Subject To Possible Redemption0000000-----
Temporary Equity Par Or Stated Value Per Share--0.00---0.00-----
Temporary Equity Shares Authorized--15---15-----
Temporary Equity Shares Outstanding--1---3-----
Common Stock Par Or Stated Value Per Share--0.00--0.000.00-----
Common Stock Shares Authorized--750--750750-----
Common Stock Shares Issued--148--8260-----
Shares Outstanding--148--8260-----

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USA Rare Earth, Inc. (USAR) — SEC Financial Statements & Analysis

USA Rare Earth, Inc. (USAR) is a metal mining company, incorporated in E9. USA Rare Earth, Inc. trades on Nasdaq as: USAR. USA Rare Earth, Inc. (USAR)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-10. Based on that filing, USA Rare Earth, Inc. carries a market cap of $4.97B, a P/E ratio of -17.41x, a P/B ratio of 1.96x, a P/S ratio of 377.23x, an enterprise value of $3.37B, and an EV/EBITDA multiple of -27.42x. On profitability, it posts an operating margin of -949.48%, a net margin of -2166.36%, a Return on Equity (ROE) of -23.71%, a Return on Assets (ROA) of -17.94%, and a Return on Invested Capital (ROIC) of -36.09%. Per share, it reports EPS of $-1.24, diluted EPS of $-1.24, free cash flow per share of $-1.07, and a dividend per share of $0.00. Over the trailing year, it posted net income growth of 186.60% year-over-year and EPS growth of 15.56% year-over-year. On the balance sheet, it maintains a current ratio of 32.79x, a quick ratio of 31.56x, working capital of $1.62B, a debt-to-equity ratio of 0.18x, a debt ratio of 0.15, free cash flow of $-245.52M (TTM), and net debt of $-1.59B. Figures sourced from SEC EDGAR.

Market Cap
$4.97B
P/E TTM
-17.41x
EPS TTM
$-1.24
P/B TTM
1.96x
ROE TTM
-23.71%
ROA TTM
-17.94%
Debt To Equity
0.18x
Free Cash Flow TTM
$-245.52M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is USA Rare Earth, Inc. in?

USA Rare Earth, Inc. (USAR) operates in the Metal Mining industry.

What exchange does USAR trade on?

USA Rare Earth, Inc. (USAR) trades on the Nasdaq.

Where is USA Rare Earth, Inc. incorporated?

USA Rare Earth, Inc. is incorporated in Cayman Islands.

When was USA Rare Earth, Inc. (USAR)'s most recent SEC filing?

USA Rare Earth, Inc. (USAR)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-08-10.

What is USAR's market cap?

USA Rare Earth, Inc. (USAR) has a market capitalization of $4.97B as of 2026-06-30.

What is USAR's EPS (earnings per share)?

USA Rare Earth, Inc. (USAR)'s trailing twelve month EPS is $-1.24 as of 2026-06-30.

What is USAR's ROE (return on equity)?

USA Rare Earth, Inc. (USAR)'s trailing twelve month Return on Equity (ROE) is -23.71% as of 2026-06-30.

What is USAR's ROA (return on assets)?

USA Rare Earth, Inc. (USAR)'s trailing twelve month Return on Assets (ROA) is -17.94% as of 2026-06-30.

What is USAR's ROIC (return on invested capital)?

USA Rare Earth, Inc. (USAR)'s trailing twelve month Return on Invested Capital (ROIC) is -36.09% as of 2026-06-30.

What is USAR's EV/EBITDA?

USA Rare Earth, Inc. (USAR)'s trailing twelve month EV/EBITDA is -27.42x as of 2026-06-30.

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