USA Rare Earth Inc (USAR) — Financial statements
Income statement, balance sheet, and cash flow for USA Rare Earth Inc — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| Revenue & Gross Profit | |||||
| Revenue | 2 | 0.00 | 0.00 | 0.00 | |
| Cost of Revenue | 3↓98.6% | 218 | 0.00 | 0.00 | |
| Gross Profit | -1↓100.1% | 959 | 0.00 | 0.00 | |
| Operating Expenses | |||||
| R&D Expenses | 16↑150.5% | 6 | 0.00↓100.0% | 0.27 | |
| General & Administrative Expenses | 0.00↓100.0% | 86 | 0.00↓100.0% | 20 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 42↓50.9% | 86↑7183.1% | 1↓94.0% | 20 | |
| Other Expenses | 0.00↑100.0% | -77 | 0.00↓100.0% | 4 | |
| Operating Expenses | 58↑282.4% | 15↑1185.6% | 1↓95.1% | 24 | |
| Total Costs & Expenses | 61↑292.3% | 16↑1218.5% | 1↓95.1% | 24 | |
| Operating Results | |||||
| Operating Income | -60↓281.8% | -16↓1218.5% | -1↑95.1% | -24 | |
| Depreciation & Amortization | 2↑307.7% | 0.39↓67.1% | 1↑76.2% | 0.67 | |
| EBITDA | -58↓281.1% | -15↓291.6% | 8↑133.6% | -24 | |
| EBIT | -60↓281.8% | -16↓331.0% | 7↑127.8% | -24 | |
| Interest & Other Income | |||||
| Net Interest Income | 5↑94530.8% | 0.01↓51.1% | 0.01 | 0.00 | |
| Interest Income | 5↑94530.8% | 0.01↓51.1% | 0.01 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00↑100.0% | -8 | 0.00 | |
| Other Income / Expenses | -239↓29538.3% | -0.81↓110.2% | 8↑721.0% | -1 | |
| Income Before Tax | -299↓1722.1% | -16↓342.9% | 7↑126.4% | -26 | |
| Income Tax Expense | -0.16↓100.1% | 148 | 0.00 | 0.00 | |
| Net Income & EPS | |||||
| Net Income from Continuing Operations | -299↓174.5% | 401↑5840.9% | 7↑126.4% | -26 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -298↓1791.1% | -16↓333.2% | 7↑128.3% | -24 | |
| Bottom-Line Net Income | -325↓4208.3% | 8↑17.1% | 7↑128.3% | -24 | |
| EPS (Basic) | -3.31↓948.7% | 0.39↑39.3% | 0.28↑200.0% | -0.28 | |
| EPS (Diluted) | -3.31↓948.7% | 0.39↑39.3% | 0.28↑132.2% | -0.87 | |
| Weighted Average Shares | 98↑339.1% | 22↓7.7% | 24↓71.5% | 85 | |
| Weighted Average Diluted Shares | 98↑339.1% | 22↓7.7% | 24↓12.0% | 28 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.