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MP Materials MP Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$52.7MMiss by $23.4M
EPS$0.09Beat by $0.03
Revenue estimate$76.1M
EPS estimate$0.06

Next report

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

Financials

Q4 2025

Income statement

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Revenue$52.7M-13.6%
Gross profit$7.6M+180%
Operating income-$3.7M+91.6%

Balance sheet

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Cash & equivalents$1.2B+312%
Total debt$1.0B+10.3%
Total equity$2.0B+87.6%
Total assets$3.9B+65.6%

Cash flow

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Operating cash flow-$46.9M-254%
CapEx$62.4M+49.8%
Free cash flow-$109.3M-878%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$8.95B+252%
Enterprise value$8.8B+177%
P/S39.9×+27.4×

Profitability

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Gross margin14.1%+8.6pp
Operating margin-66.6%-11.1pp
FCF margin-146.2%+380pp

Returns & leverage

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Debt / equity0.5×-0.4×
Current ratio7.2×+1.0×

Segments

By product

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Magnetic precursor products$19.9M
Other Revenue$723.0K+59.6%
Rare Earth Concentrate$15.0K-100.0%
NdPr Oxide And Metal--100%

By segment

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Materials Segment$35.6M-41.7%
Magnetics Segment$19.9M

Versus estimates

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Questions, answered.

When did MP Materials report Q4 2025 earnings?
MP Materials (MP) reported Q4 2025 earnings on February 26, 2026 after market close.
What were MP Materials's Q4 2025 revenue and EPS?
MP Materials reported revenue of $52.7M and eps of $0.09 for Q4 2025.
Did MP Materials beat estimates in Q4 2025?
Revenue missed the consensus estimate of $76.1M by $23.4M. EPS beat the consensus estimate of $0.06 by $0.03.
How did MP Materials's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 13.6% from $61.0M a year earlier.
Where can I find MP Materials's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001801368-26-000007) and the 10-K periodic report (0001801368-26-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.