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MP Materials MP Q2 2025 earnings

Reported August 7, 2025 · After market close

Revenue$57.4MBeat by $11.3M
EPS-$0.13Beat by $0.07
Revenue estimate$46.1M
EPS estimate-$0.20

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$97.1M
EPS estimate$0.02

Financials

Q2 2025

Income statement

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Revenue$57.4M+83.6%
Gross profit$7.0M+168%
Operating income-$43.9M+18.0%
Net income-$30.9M+9.3%
EPS (diluted)-$0.19+9.5%

Balance sheet

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Cash & equivalents$263.0M-11.5%
Total debt$918.6M-2.8%
Total equity$1.0B-8.9%
Total assets$2.3B-1.2%

Cash flow

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Operating cash flow-$3.7M-112%
CapEx$29.0M-37.6%
Free cash flow-$32.7M-109%

Valuation & ratios

Valuation

as of 06/30/25
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Market cap$5.71B+157%
Enterprise value$6.36B+122%
P/S23.6×+10.8×

Profitability

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Gross margin11.3%-36.7pp
Operating margin-67%-8.8pp
Net margin-41.9%
FCF margin-78.8%-24.0pp

Returns & leverage

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Return on equity-9.6%
Debt / equity0.9×+0.1×
Current ratio3.6×-3.3×

Segments

By product

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Magnetic precursor products$19.9M
Rare Earth Concentrate$11.9M-51.4%
Other Revenue$610.0K
NdPr Oxide And Metal$518.0K-69.5%

By segment

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Materials Segment$37.5M+20.1%
Magnetics Segment$19.9M

Versus estimates

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Questions, answered.

When did MP Materials report Q2 2025 earnings?
MP Materials (MP) reported Q2 2025 earnings on August 7, 2025 after market close.
What were MP Materials's Q2 2025 revenue and EPS?
MP Materials reported revenue of $57.4M and eps of $-0.13 for Q2 2025.
Did MP Materials beat estimates in Q2 2025?
Revenue beat the consensus estimate of $46.1M by $11.3M. EPS beat the consensus estimate of $-0.20 by $0.07.
How did MP Materials's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 83.6% from $31.3M a year earlier and eps grew 23.5% from $-0.17.
Where can I find MP Materials's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001801368-25-000028) directly on SEC EDGAR. The filing index links above go to sec.gov.