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MP Materials MP Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$53.6MBeat by $316.3K
EPS-$0.10Beat by $0.07
Revenue estimate$53.2M
EPS estimate-$0.17

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$118.1M
EPS estimate-$0.01

Financials

Q3 2025

Income statement

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Revenue$53.6M-14.9%
Gross profit$5.1M-10.3%
Operating income-$67.0M-69.5%
Net income-$41.8M-63.7%
EPS (diluted)-$0.24-50.0%

Balance sheet

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Cash & equivalents$1.1B+302%
Total debt$1.0B+6.7%
Total equity$2.0B+84.6%
Total assets$3.8B+65.1%

Cash flow

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Operating cash flow-$42.0M-514%
CapEx$50.5M+8.7%
Free cash flow-$92.5M-73.7%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$11.88B+307%
Enterprise value$11.74B+228%
P/S51×+35.2×

Profitability

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Gross margin11.5%-15.0pp
Operating margin-81.5%-4.4pp
Net margin-50.5%—
FCF margin-98.8%-20.9pp

Returns & leverage

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Return on equity-7.8%—
Debt / equity0.5×-0.4×
Current ratio8×+1.1×

Segments

By product

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Magnetic precursor products$21.9M—
Other Revenue$730.0K+5.0%
NdPr Oxide And Metal--100%
Rare Earth Concentrate--100%

By segment

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Materials Segment$31.6M-49.7%
Magnetics Segment$21.9M—

FAQ

When did MP Materials report Q3 2025 earnings?
MP Materials (MP) reported Q3 2025 earnings on November 6, 2025 after market close.
What were MP Materials's Q3 2025 revenue and EPS?
MP Materials reported revenue of $53.6M and eps of $-0.10 for Q3 2025.
Did MP Materials beat estimates in Q3 2025?
Revenue beat the consensus estimate of $53.2M by $316.3K. EPS beat the consensus estimate of $-0.17 by $0.07.
How did MP Materials's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 14.9% from $62.9M a year earlier and eps grew 16.7% from $-0.12.
Where can I find MP Materials's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001801368-25-000052) and the 10-Q periodic report (0001801368-25-000054) directly on SEC EDGAR. The filing index links above go to sec.gov.