What are MP Materials's total assets?

MP Materials (MP) holds $3.8B in total assets, up 62.2% year over year.

How much debt does MP Materials have?

MP Materials carries $1.0B in total debt against $2.0B of shareholders' equity, a debt-to-equity ratio of 0.52.

How much cash does MP Materials have?

MP Materials holds $887.1M in cash and equivalents.

Can MP Materials cover its short-term obligations?

Its current ratio is 7.18 — current assets exceed current liabilities.

Where does MP Materials's balance sheet data come from?

Every line is extracted from MP Materials's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

MP Materials MP Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$887.09M+344%	$1.17B+312%	$1.15B+302%	$262.99M-11.5%	$199.7M-32.9%
Short-term investments	$852.06M+51.9%	$664.28M+16.9%	$793.22M+36.3%	$492.12M-23.3%	$560.81M-13.8%
Restricted cash	$815K0.0%	——	$799K-1.5%	$918K-15.5%	$815K+17.8%
Accounts receivable, net	$47.29M-32.2%	$14.64M-21.5%	$14.79M+1.7%	$21.82M+158%	$69.72M+223%
Inventories	$96.45M+374%	$80.54M+323%	$62.78M+217%	$45.22M+164%	$20.34M+40.0%
Raw materials	$59.95M+2.8%	$56.49M+16.7%	$50.48M+9.4%	$51.47M+15.5%	$58.33M+33.1%
Work in process	$51.87M+130%	$51.65M+258%	$35.52M+43.9%	$34.57M+22.0%	$22.53M-17.0%
Finished goods	$33.39M+59.1%	$39.62M+185%	$35.56M+128%	$19.75M+66.8%	$20.98M+167%
Prepaid expenses and other current assets	$20.1M+12.3%	$17.27M+79.3%	$15.16M+30.7%	$13.79M+32.4%	$17.9M+78.7%
Trading assets	$1.2B+66.6%	——	$1.17B+57.3%	$596.9M-27.4%	$719.6M-11.3%
Total current assets	$2.05B+100%	$2.17B+110%	$2.17B+114%	$960.4M-11.9%	$1.02B-7.5%
Property and equipment, net	$1.43B+12.2%	$1.37B+9.5%	$1.31B+6.1%	$1.29B+6.0%	$1.28B+6.9%
Accumulated depreciation	$297.77M+42.3%	$272.7M+42.4%	$250.46M+46.4%	$226.78M+49.5%	$209.19M+57.3%
Operating lease right-of-use assets	——	——	——	$9.14M-2.3%	$9.63M-0.8%
Deferred tax assets	$35.23M-56.3%	$51.56M-39.6%	$55.86M-43.3%	$67.31M-37.5%	$80.7M-33.8%
Other non-current assets	$64.11M+118%	$38.34M+20.9%	$33.92M+397%	$24.57M+96.0%	$29.38M+231%
Total noncurrent assets	$1.79B+33.3%	$1.7B+30.4%	$1.62B+26.6%	$1.38B+8.0%	$1.35B+7.8%
Total assets	$3.84B+62.2%	$3.86B+65.6%	$3.8B+65.1%	$2.34B-1.2%	$2.37B+0.6%
Accounts payable	$32.99M+58.1%	$36.66M+55.6%	$25.38M+16.9%	$21.73M+10.0%	$20.87M-20.2%
Accrued expenses	$15.09M+34.3%	$21.9M+16.2%	$20.86M+27.3%	$13.77M+27.8%	$11.24M+29.1%
Deferred revenue	$62.06M-17.6%	$74.3M+30.6%	$82.24M+64.5%	$79.89M+59.8%	$75.34M—
Current portion of long-term debt	$67.5M+0.2%	$67.41M—	$67.52M+11,830%	$67.43M+35,579%	$67.35M+34,794%
Operating lease liabilities, current	$3.67M+159%	$3.22M+202%	$3.2M+203%	$1.41M+41.4%	$1.42M+45.5%
Contract liabilities	$77.85M+12.1%	$83.89M+94.5%	$62.5M—	$45.05M—	$69.47M—
Total current liabilities	$285.25M+14.9%	$299.05M+82.3%	$270.18M+84.1%	$266.87M+68.8%	$248.21M+131%
Long-term debt	$932.94M+10.7%	$931.33M+2.5%	$929.75M-0.8%	$843.37M-10.0%	$842.42M-10.0%
Operating lease liabilities, non-current	$13.52M+112%	$8.43M+45.4%	$9.25M+53.7%	$6.02M-4.7%	$6.39M-2.8%
Operating Lease Liabilities (Total)	$17.18M+120%	$11.65M+69.7%	$12.45M+76.0%	$7.43M+1.6%	$7.81M+3.4%
Asset retirement obligations	$7.8M+3,800%	$7.7M+3,750%	$7.6M+3,700%	$7.5M+3,650%	$200K0.0%
Other non-current liabilities	$67.39M+79.1%	$57.01M+78.6%	$58.16M+1,173%	$48.57M+782%	$37.63M+786%
Total noncurrent liabilities	$1.17B+8.3%	$1.17B+5.2%	$1.15B+5.6%	$1.06B-3.5%	$1.08B-2.2%
Total liabilities	$1.46B+9.6%	$1.47B+15.1%	$1.42B+14.9%	$1.33B+5.6%	$1.33B+9.5%
Preferred stock	$0—	$0—	$0—	$0—	$0—
Common stock	450M0.0%	450M+2,499,900%	450M0.0%	450M0.0%	450M0.0%
Additional paid-in capital	$1.97B+104%	$1.97B+105%	$1.97B+107%	$970.82M+2.9%	$965.49M+2.9%
Retained earnings	$226.46M-23.9%	$234.43M-26.8%	$225M-34.3%	$266.78M-27.5%	$297.65M-26.0%
Accumulated other comprehensive income (loss)	-$42K-4,100%	$387K+124%	$298K+0.7%	-$26K+71.1%	-$1K+99.2%
Treasury stock	$227.05M0.0%	$227.05M0.0%	$227.05M0.0%	$227.05M+12.1%	$227.05M+12.1%
Total stockholders' equity	$1.97B+89.9%	$1.98B+87.6%	$1.96B+84.6%	$1.01B-8.9%	$1.04B-8.9%
Total liabilities and stockholders' equity	$3.84B+62.2%	$3.86B+65.6%	$3.8B+65.1%	$2.34B-1.2%	$2.37B+0.6%
Available-for-Sale Debt Securities - Amortized Cost	$852.11M+51.9%	$663.9M+16.8%	$792.85M+36.3%	$492.16M-23.3%	$560.8M-13.8%
Allowance for Doubtful Accounts	$0—	$0—	$0—	$0—	$0—
Allowance for Doubtful Accounts Receivable (Current)	$0—	$0—	$0—	$0—	$0—
Available For Sale Securities Debt Securities Current	$852.06M+51.9%	$664.28M+16.9%	$793.22M+36.3%	$492.12M-23.3%	$560.81M-13.8%
Cash Cash Equivalents And Short Term Investments	$1.74B+129%	$1.83B+115%	$1.94B+124%	$753.66M-19.6%	$759.16M-19.8%
Finished goods	$33.39M+59.1%	$39.62M+185%	$35.56M+128%	$19.75M+66.8%	$20.98M+167%
Materials and supplies	$59.95M+2.8%	$56.49M+16.7%	$50.48M+9.4%	$51.47M+15.5%	$58.33M+33.1%
Other Receivables	$71.98M—	$132.04M+541%	——	——	——
Deferred Tax Assets and Other Non-Current Assets	$64.11M+118%	$38.34M+20.9%	$33.92M+397%	$24.57M+96.0%	$29.38M+231%
Investments - Amortized Cost Basis	$852.11M+51.9%	$663.9M+16.8%	$792.85M+36.3%	$492.16M-23.3%	$560.8M-13.8%
Net Investment in Lease	$18.55M+92.7%	$13.21M+52.2%	$14.15M+57.1%	$9.14M-2.3%	$9.63M-0.8%
Operating lease right-of-use assets	$18.55M+92.7%	$13.21M+52.2%	$14.15M+57.1%	$9.14M-2.3%	$9.63M-0.8%
Other non-current assets	$64.11M+118%	$38.34M+20.9%	$33.92M+397%	$24.57M+96.0%	$29.38M+231%
Price protection agreement upfront asset, net	$198.5M—	$209.67M—	——	——	——
Property, plant and equipment at cost	$1.73B+16.4%	$1.64B+13.8%	$1.56B+11.1%	$1.52B+10.8%	$1.49B+11.9%
Operating Lease Right-of-Use Assets in Other Assets	$18.55M+92.7%	$13.21M+52.2%	$14.15M+57.1%	$9.14M-2.3%	$9.63M-0.8%
Software and Technology Licenses, Net	$64.11M+118%	$38.34M+20.9%	$33.92M+397%	$24.57M+96.0%	$29.38M+231%
Accrued Contingent Liabilities	$36.5M—	$30.5M—	——	——	——
Accrued Environmental Liabilities	$40.1M+2.3%	$40.3M+2.0%	$38.8M+47.5%	$39M+47.7%	$39.2M+47.9%
Accrued Manufacturing Costs	$15.09M+34.3%	$21.9M+26.1%	$20.86M+27.3%	$13.77M+27.8%	$11.24M+29.1%
Accrued Progress Collections and Price Adjustments	$77.85M+12.1%	$83.89M+94.5%	$62.5M—	$45.05M—	$69.47M—
Other Commercial Liabilities	$99.41M+43.8%	$95.09M+46.9%	$77.98M+17.7%	$74.45M-0.7%	$69.14M-6.5%
Convertible Debt - Current	$413.61M—	$413.61M—	$413.61M—	——	——
Accrued Liabilities, Current	$99.41M+43.8%	$95.09M+46.9%	$77.98M+17.7%	$74.45M-0.7%	$69.14M-6.5%
Compensation and benefits	$15.09M+34.3%	$21.9M+26.1%	$20.86M+27.3%	$13.77M+27.8%	$11.24M+29.1%
Other accrued liabilities	$23.29M+50.1%	$25.6M+35.8%	$17.06M+92.6%	$23.37M+74.6%	$15.52M+109%
Accrued Environmental Liabilities (Non-Current)	$18.4M—	$18.4M+1.7%	$18.1M+9.7%	$18.1M+9.5%	——
Contract Liabilities, Non-Current	$77.85M+12.1%	$83.89M+94.5%	$62.5M—	$45.05M—	$69.47M—
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$79.85M+285%	$81.55M+275%	$83.23M+319%	$19.69M-5.7%	$20.73M-5.4%
Deferred revenue, net of current portion	$77.85M+12.1%	$83.89M+94.5%	$62.5M—	$45.05M—	$69.47M—
Total debt	$1.02B+10.8%	$1.01B+10.3%	$1.01B+6.7%	$918.57M-2.8%	$918.11M-2.7%
Total Carrying Value of Debt	$1.08B+16.1%	$1.08B+16.1%	$1.08B+12.8%	$930.49M-2.8%	$930.49M-2.8%
Common Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Common Stock Shares Issued	192.9M+8.0%	192.6M+7.9%	192.5M+7.9%	178.7M+0.2%	178.7M+0.2%
Convertible Preferred Stock Authorized Shares	49.6M-0.8%	49.6M-0.8%	49.6M-0.8%	50M0.0%	50M0.0%
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—	0—
Convertible Preferred Stock Outstanding Shares	0—	0—	0—	0—	0—
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$19K+5.6%	$19K+5.6%	$19K+5.6%	$18K0.0%	$18K0.0%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—	$0—
Treasury Stock, Value	$227.05M0.0%	$227.05M0.0%	$227.05M0.0%	$227.05M+12.1%	$227.05M+12.1%
Preferred Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Temporary Equity Attributable to Parent	$413.61M—	$413.61M—	$413.61M—	——	——
Unrealized Gains on Investments	$55K+71.9%	$371K+61.3%	$374K-13.6%	$5K-84.8%	$32K+39.1%
Unrealized Losses on Investments (Before Tax)	$111K+484%	$0-100%	$6K-33.3%	$40K-52.4%	$19K-79.6%
Cumulative Cost Basis	$852.11M+51.9%	$663.9M+16.8%	$792.85M+36.3%	$492.16M-23.3%	$560.8M-13.8%
Environmental Liability Discount Rate	$0.05+1.3%	——	$0.05+63.1%	$0.05+63.1%	$0.05+63.1%
Accrued construction costs	$62.18M+51.4%	$60.29M+67.4%	$40.4M+14.6%	$40.31M-22.4%	$41.06M-25.8%
Accrued Litigation Interest	$8.8M—	——	——	——	——
Accumulated Deferred Investment Tax Credit	$36.26M+44.0%	$26.86M+5.3%	$21.38M—	$26.43M—	$25.18M—
Allowance for doubtful accounts	$0—	$0—	$0—	$0—	$0—
Closure and reclamation obligations, financial assurances	$46.2M+1.8%	$46.2M+1.5%	$45.4M-0.2%	$45.4M-0.2%	$45.4M-0.2%
Estimated undiscounted cash flows, to satisfy obligation	$51.4M-0.2%	$51.4M-0.4%	$51.4M-2.1%	$51.5M-2.1%	$51.5M+2.6%
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	$111K+484%	$0-100%	$6K-33.3%	$40K-52.4%	$19K-79.6%
Gross Unrealized Gains	$55K+71.9%	$371K+61.3%	$374K-13.6%	$5K-84.8%	$32K+39.1%
Total	$852.11M+51.9%	$663.9M+16.8%	$792.85M+36.3%	$492.16M-23.3%	$560.8M-13.8%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	$1.2B+66.6%	——	$1.17B+57.3%	$596.9M-27.4%	$719.6M-11.3%
Capped Call transactions, initial cap price	——	——	——	$31.060.0%	$31.060.0%
Cash And Cash Equivalents, Amortized Cost	$886.28M+347%	$1.17B+313%	$1.15B+303%	$261.54M-11.5%	$198.34M-33.1%
Cash, Cash Equivalents And Available-for-Sale Debt Securities, Amortized Cost	$1.74B+129%	$1.83B+115%	$1.94B+124%	$753.69M-19.6%	$759.14M-19.8%
Unrealized Gains	$4K+300%	$67K+168%	$28K-24.3%	$2K+100%	$1K-50.0%
Cash Equivalents, Accumulated Gross Unrealized Loss, before Tax	$3K+200%	$0—	$0—	$2K-50.0%	$1K-92.9%
Cash Equivalents and Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	$59K+78.8%	$438K+71.8%	$402K-14.5%	$7K-79.4%	$33K+32.0%
Cash Equivalents and Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	$114K+470%	$0-100%	$6K-33.3%	$42K-52.3%	$20K-81.3%
Common stock, par value (in dollars per share)	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Common stock, shares authorized (in shares)	$450M0.0%	$450M0.0%	$450M0.0%	$450M0.0%	$450M0.0%
Common stock, shares issued (in shares)	$192.92M+8.0%	$192.61M+7.9%	$192.46M+7.9%	$178.72M+0.2%	$178.7M+0.2%
Common Stock, Shares, Outstanding	$177.67M+8.7%	$177.36M+8.7%	$177.21M+8.6%	$163.47M-1.1%	$163.45M-1.1%
Contract with Customer, Liability	$139.91M-3.4%	$158.19M+58.2%	$144.74M+189%	$124.95M+150%	$144.81M—
Long-term debt, gross	$1.08B+16.1%	$1.08B+16.1%	$1.08B+12.8%	$930.49M-2.8%	$930.49M-2.8%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$79.85M—	$81.55M+275%	$83.23M—	——	——
Deferred income	$24.52M+11.3%	$22.1M+10.0%	$22.07M+11.3%	$22.03M+17.4%	$22.03M+20.1%
Deferred income taxes	$35.23M-56.3%	$51.56M-39.6%	$55.86M-43.3%	$67.31M-37.5%	$80.7M-33.8%
Receivable from credits from ARPA	$22.98M+19.6%	$41.98M+112%	$35.86M+357%	$19.27M-0.5%	$19.21M-0.5%
Noncurrent concentrate stockpiles	$39.5M—	$31.7M—	$20M—	$10.2M—	——
Mined ore stockpiles	$23.99M-23.2%	$23.8M-23.6%	$22.8M-24.8%	$22.26M-27.4%	$31.25M+5.2%
Noncurrent mined ore stockpiles	$24.4M+92.1%	$24.1M+95.9%	$23.8M+98.3%	$22.5M+108%	$12.7M+32.3%
Loss Contingency Accrual	$36.5M—	$30.5M—	——	——	——
Other accrued liabilities	$20.43M+55.1%	$10.8M+47.8%	$12.58M+30.5%	$18.21M+106%	$13.17M+45.1%
Other receivables	$4.68M—	$4.72M—	——	——	——
Other receivables	$71.98M—	$132.04M+541%	——	——	——
Preferred Stock, Par or Stated Value Per Share	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Preferred Stock, Shares Authorized	$49.6M-0.8%	$49.6M-0.8%	$49.6M-0.8%	$50M0.0%	$50M0.0%
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—	$0—
Preferred Stock, Shares Outstanding	$0—	$0—	$0—	$0—	$0—
PPA income receivable	$42.27M—	$51.02M—	——	——	——
Price Protection Agreement, Upfront Asset, Accumulated Amortization	$22.6M—	$11.43M—	——	——	——
PPA Upfront Asset	$221.1M—	$221.1M—	——	——	——
Temporary Equity Liquidation Preference	$420.73M—	$413.49M—	$406.38M—	——	——
Temporary Equity Par Or Stated Value Per Share	$0.00—	$0.000.0%	$0.00—	——	——
Temporary Equity Shares Authorized	400K—	400K—	400K—	——	——
Temporary Equity Shares Issued	400K—	400K—	400K—	——	——
Temporary Equity Shares Outstanding	400K—	400K—	400K—	——	——
Total Current and Non-Current Inventories	$265.65M+73.1%	$252.1M+98.6%	$207.15M+51.7%	$173.27M+30.8%	$153.42M+24.7%
Treasury stock, shares (in shares)	$15.25M0.0%	$15.25M0.0%	$15.25M0.0%	$15.25M+17.2%	$15.25M+17.2%
Weighted-Average Discount Rate	4.8%+0.1%	——	4.8%+1.9%	4.8%+1.9%	4.8%+1.9%

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Questions, answered.

What are MP Materials's total assets?: MP Materials (MP) holds $3.8B in total assets, up 62.2% year over year.
How much debt does MP Materials have?: MP Materials carries $1.0B in total debt against $2.0B of shareholders' equity, a debt-to-equity ratio of 0.52.
How much cash does MP Materials have?: MP Materials holds $887.1M in cash and equivalents.
Can MP Materials cover its short-term obligations?: Its current ratio is 7.18 — current assets exceed current liabilities.
Where does MP Materials's balance sheet data come from?: Every line is extracted from MP Materials's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.