USA Rare Earth, Inc.
USA Rare Earth, Inc.
Insider Sentiment (TTM):
Last Purchase:2026-01-29Last Sale:2026-06-08Shares Purchased (TTM):101,300Shares Sold (TTM):2,104,849
Institutional Sentiment:
As of:2026-03-31Institutional Shares Owned:123,818,731Shares Outstanding:196,479,000Institutional Ownership Pct.:63.02%
Earnings Market Reaction:
Filing Date:2026-05-14Price on Filing Date:N/APrevious Close:N/A% Change:N/A
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common Class A | - | - | - | - | - | 2 | 25 | 0 | 25 | 25 | 0 | 25 | |||||
Assets | |||||||||||||||||
Common Class B | - | - | - | - | - | 0 | 0 | 0 | 6 | 0 | 0 | 6 | |||||
Related Party | - | - | - | - | - | - | 1 | - | - | - | - | - | |||||
Cash And Cash Equivalents At Carrying Value | 1,750 | 360 | 258 | 122 | 23 | 17 | 0 | 0 | 0 | 0 | 0 | 1 | |||||
Prepaid Expense Current | - | - | - | - | - | - | - | 0 | - | - | 0 | 0 | |||||
Cash | - | - | - | - | - | 0 | - | - | - | 0 | - | - | |||||
Assets Current | |||||||||||||||||
Accounts Receivable Net | 6 | 4 | - | - | - | 0 | - | - | - | - | - | - | |||||
Assets Current | 1,790 | 385 | 259 | 124 | 26 | 22 | 0 | 0 | 0 | 0 | 1 | 1 | |||||
Inventory Net | 28 | 19 | - | - | - | 0 | - | - | - | - | - | - | |||||
Other Prepaid Expense Current | - | 0 | - | - | - | 0 | 0 | - | 0 | 0 | - | - | |||||
Prepaid Insurance | - | 1 | - | - | - | 0 | 0 | - | 0 | 0 | - | - | |||||
Deferred Costs Current | - | 0 | 0 | 0 | - | 5 | - | - | - | - | - | - | |||||
Prepaid Expense And Other Assets Current | 7 | 3 | 1 | 2 | 2 | 0 | - | - | - | - | 0 | - | |||||
Marketable Securities Noncurrent | - | - | - | - | - | 24 | - | - | - | 259 | 256 | 252 | |||||
Assets Held In Trust Noncurrent | - | - | - | - | - | - | 269 | 266 | 262 | - | - | - | |||||
Property Plant And Equipment Net | - | - | - | - | 30 | - | - | - | 27 | - | - | - | |||||
Property Plant And Equipment And Finance Lease Rig… | 119 | 86 | 41 | 33 | - | 27 | - | - | - | - | - | - | |||||
Accounts Payable And Accrued Liabilities Current | - | - | - | - | - | 3 | 2 | - | - | 0 | - | - | |||||
Goodwill | 135 | 135 | - | - | - | 0 | - | - | - | - | - | - | |||||
Assets Noncurrent | |||||||||||||||||
Assets Noncurrent | - | - | - | - | 51 | - | - | - | - | - | - | - | |||||
Other Intangible Assets Net | 67 | 69 | - | - | - | 0 | - | - | - | - | - | - | |||||
Convertible Notes Payable Current | - | - | - | - | - | 1 | - | - | - | - | - | - | |||||
Operating Lease Right Of Use Asset | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |||||
Other Assets Noncurrent | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |||||
Derivative Liabilities Noncurrent | - | - | - | - | - | 0 | - | - | - | - | - | - | |||||
Assets | 2,135 | 695 | 323 | 180 | 77 | 69 | 269 | 266 | 263 | 259 | 256 | 253 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Accounts Payable Current | 17 | 11 | 2 | 2 | 3 | 2 | - | - | - | - | - | - | |||||
Accrued Liabilities Current | 21 | 14 | 13 | 5 | 4 | 3 | - | 1 | 0 | 0 | 0 | 0 | |||||
Contract With Customer Liability Current | 10 | 11 | - | - | - | 0 | - | - | - | - | - | - | |||||
Liabilities Current | |||||||||||||||||
Derivative Liabilities Current | - | 0 | 0 | 0 | - | 1 | - | - | - | - | - | - | |||||
Liabilities Current | 49 | 38 | 16 | 8 | 7 | 7 | 3 | 1 | 1 | 0 | 0 | 0 | |||||
Notes Payable Current | 0 | 2 | 0 | 0 | - | 1 | - | - | - | - | - | - | |||||
Finance Lease Liability Current | 0 | 0 | - | - | 0 | 0 | - | - | - | - | - | - | |||||
Operating Lease Liability Current | 0 | 0 | - | - | 0 | 0 | - | - | - | - | - | - | |||||
Other Liabilities Current | - | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |||||
Finance Lease Liability Noncurrent | 1 | 1 | - | - | 1 | 0 | - | - | - | - | - | - | |||||
Operating Lease Liability Noncurrent | 0 | 0 | - | - | 0 | 0 | - | - | - | - | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | - | 0 | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | - | 50 | - | - | - | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Warrants And Rights Outstanding | 26 | 20 | 178 | 169 | 34 | 0 | - | - | - | - | - | - | |||||
Deferred Income Tax Liabilities Net | 16 | 17 | - | - | - | 0 | - | - | - | - | - | - | |||||
Preferred Stock Shares Outstanding | - | 1 | - | - | - | - | - | - | - | - | - | - | |||||
Liabilities | 246 | 192 | 369 | 286 | 97 | 15 | 16 | 14 | 14 | 13 | 13 | 13 | |||||
Temporary Equity | |||||||||||||||||
Temporary Equity Carrying Amount Including Portion… | - | - | - | - | 32 | - | - | - | - | - | - | - | |||||
Temporary Equity Shares Subscribed But Unissued Su… | - | 0 | 0 | 0 | - | -1 | - | - | - | - | - | - | |||||
Preferred Stock Value Outstanding | 10 | - | - | - | - | - | - | - | - | - | - | - | |||||
Temporary Equity Carrying Amount Attributable To P… | 10 | 9 | 13 | 25 | 32 | 20 | 269 | 266 | 262 | 259 | 256 | 252 | |||||
Common Stock Share Subscribed But Unissued Subscri… | - | - | - | - | -17 | - | - | - | - | - | - | - | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -0 | 0 | - | - | - | 0 | - | - | - | - | - | - | |||||
Stockholders Equity | |||||||||||||||||
Stockholders Equity | 1,879 | 494 | -59 | -132 | -53 | -17 | 40 | 36 | -13 | -13 | -13 | -12 | |||||
Additional Paid In Capital Common Stock | 2,333 | 880 | 277 | 46 | 0 | 104 | - | - | - | - | - | - | |||||
Retained Earnings Accumulated Deficit | -454 | -387 | -337 | -181 | -38 | -73 | -16 | -14 | -13 | -13 | -13 | -12 | |||||
Minority Interest | 1 | 2 | 2 | 2 | 2 | 3 | - | - | - | - | - | - | |||||
Liabilities And Stockholders Equity | 2,135 | 695 | 323 | 180 | 77 | 69 | 269 | 266 | 263 | 259 | 256 | 253 | |||||
Series A Cumulative Convertible Preferred Stock Su… | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | |||||
Temporary Equity Par Or Stated Value Per Share | - | 0 | - | - | - | 0 | - | - | - | - | - | - | |||||
Temporary Equity Shares Authorized | - | 30 | - | - | - | 30 | - | - | - | - | - | - | |||||
Temporary Equity Shares Outstanding | - | 2 | - | - | - | 5 | - | - | - | - | - | - | |||||
Common Stock Par Or Stated Value Per Share | - | 0 | - | - | 0 | 0 | - | - | - | - | - | - | |||||
Common Stock Shares Authorized | - | 750 | - | - | 750 | 750 | - | - | - | - | - | - | |||||
Common Stock Shares Issued | - | 148 | - | - | 164 | 180 | - | - | - | - | - | - | |||||
Shares Outstanding | - | 148 | - | - | 164 | 180 | - | - | - | - | - | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.50% | -22.88% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 22.09% | 4.97% | 47.36% | -10.23% | 68.13% | 25.97% | -14.98% | -14.60% | 56.57% | 53.62% | 77.79% | 73.16% |
| 2024 | 0.48% | 0.95% | 1.52% | 0.14% | 0.84% | 0.84% | 6.39% | 14.35% | 22.22% | 104.38% | 56.57% | 104.38% |
| 2023 | - | - | - | 0.39% | 0.89% | 1.09% | 0.59% | 1.37% | 1.56% | 0.62% | 0.57% | 1.05% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 36.29 | 10.17 | 16.51 | 15.11 | 3.52 | 3.22 | 0.08 | 0.09 | 0.53 | 1.61 | 3.61 | 7.19 | |||||
| Quick Ratio | 35.58 | 9.59 | 16.43 | 14.90 | 3.18 | 3.16 | 0.08 | 0.01 | 0.53 | 1.61 | 3.41 | 6.74 | |||||
| Working Capital | 1.74B | 347.46M | 243.20M | 115.37M | 18.45M | 15.35M | -2.50M | -585.50K | -241.07K | 189.67K | 515.14K | 928.27K | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.13 | 0.39 | -6.29 | -2.17 | -1.85 | -0.89 | -1.01 | -1.00 | 0.35 | -1.04 | -1.06 | -1.09 | |||||
| Debt Ratio | 0.12 | 0.28 | 1.14 | 1.59 | 1.26 | 0.22 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -2.13 | -1.52 | -1.24 | -0.54 | 0.24 | -0.13 | -0.05 | -0.01 | 0.02 | - | - | - | |||||
| Free Cash Flow Per Share TTM | -0.66 | -0.44 | -0.18 | -0.16 | -0.19 | -0.14 | -0.11 | -0.08 | -0.05 | - | - | - | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - | |||||
Margin Metrics | |||||||||||||||||
| Operating Profit Margin TTM | -1,191.39% | -3,621.61% | - | - | - | - | - | - | - | - | - | - | |||||
| Net Profit Margin TTM | -5,699.82% | -18,169.45% | - | - | - | - | - | - | - | - | - | - | |||||
Growth Metrics | |||||||||||||||||
| Net Income Growth (1Y) | -1,131.39% | 1,797.20% | 4,242.07% | 8,637.22% | 1,677.57% | -333.18% | - | - | - | - | - | - | |||||
| EPS Growth (1Y) | -776.78% | 1,052.36% | 2,418.20% | 5,496.80% | 1,278.75% | - | - | - | - | - | - | - | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -7.11 | -7.81 | -13.85 | -20.42 | 18.88 | -86.88 | -218.10 | -1,105.73 | 458.53 | - | - | - | |||||
| P/B TTM | 1.58 | 4.72 | -60.21 | -15.41 | -14.54 | -80.26 | -81.98 | -92.05 | 26.99 | - | -81.19 | - | |||||
| P/S TTM | 405.08 | 1,419.90 | - | - | - | - | - | - | - | - | - | - | |||||
| Market Cap | 2.97B | 2.33B | 3.53B | 2.03B | 765.82M | 1.37B | 1.28B | 1.26B | 1.05B | - | 1.02B | - | |||||
| Enterprise Value | 1.22B | 2.38B | 3.27B | 1.91B | 743.52M | 1.35B | 1.26B | 1.26B | 1.04B | - | 1.02B | - | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -130.06M | -85.31M | -37.80M | -30.26M | -24.21M | -16.14M | -12.52M | -9.72M | -5.22M | -948.01K | - | - | |||||
| Net Debt | -1.75B | 45.55M | -257.61M | -121.79M | -22.30M | -14.73M | -22.99M | -3.30M | -7.54M | -275.67K | -337.59K | -545.74K | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2026-06-08Sale
Owner: Trabuco, Carolyn
Title: -
Shares: 13,000
Price/Share: $22.77
Value: $296,010.00
Shares Owned: 18,783
Relationship: Director
Ownership: Direct
2026-01-29Purchase
Owner: Blitzer, Michael
Title: -
Shares: 100,000
Price/Share: $21.44
Value: $2,144,000.00
Shares Owned: 847,500
Relationship: Director
Ownership: Direct
2026-01-29Purchase
Owner: Trabuco, Carolyn
Title: -
Shares: 1,300
Price/Share: $22.60
Value: $29,380.00
Shares Owned: 1,300
Relationship: Director
Ownership: Direct
2025-08-13Sale
Owner: Blitzer, Michael, Inflect…
Title: -
Shares: 2,091,849
Price/Share: $15.75
Value: $32,946,621.75
Shares Owned: -
Relationship: TenPercentOwner,Other
Ownership: Indirect
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Institutional Ownership
No data available for chart
2026-03-31
63.02%
Inst. Shares: 123,818,731
Shares Outstanding: 196,479,000
2025-12-31
32.17%
Inst. Shares: 63,064,083
Shares Outstanding: 196,042,000
2025-09-30
14.75%
Inst. Shares: 30,254,745
Shares Outstanding: 205,178,000
2025-06-30
6.88%
Inst. Shares: 12,756,546
Shares Outstanding: 185,538,000
2025-03-31
1.24%
Inst. Shares: 1,601,972
Shares Outstanding: 128,926,000
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. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), USA Rare Earth, Inc. reported a Debt-to-Equity ratio of 0.13x, a Price-to-Sales (P/S) ratio of 405.08x (TTM), a Price-to-Book (P/B) ratio of 1.58 (TTM), at a market cap of $2.97B. Figures below are sourced from SEC EDGAR, as-filed.
- Debt To Equity
- 0.13x
- P/S TTM
- 405.08x
- P/B TTM
- 1.58
- Market Cap
- $2.97B
Data as of 2026-03-31 · 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 is USAR's market cap?
USA Rare Earth, Inc. (USAR) has a market capitalization of $2.97B as of 2026-03-31.
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.